Standard Lithium (TSX.V: SLI) (NYSE American: SLI) (FRA: S5L), an innovative technology and lithium project-development company, has filed a preliminary economic assessment report for its Southwest Arkansas Lithium Project. The technical report, titled “Preliminary Economic Assessment of SW Arkansas Lithium Project,” was filed with the Canadian securities regulatory authorities and was prepared by several independent consulting companies. Key takeaways from the report include an estimated pre-tax $2.83 billion NPV at 8% discount rate and IRR of 40.5% and an after-tax $1.97 billion NPV at 8% discount rate and IRR of 32.1%. In addition, the report noted a 20-year mine-life that would produce an average of 30,000 tons per year of battery-quality lithium hydroxide monohydrate at an operating cost of $2,599 per ton of battery quality lithium hydroxide. The report also noted an AACE Class 5 Total CAPEX estimate of $870 million including conservative 25% contingency of direct capital costs. Finally, the announcement states that SLI’s SW Arkansas Lithium Project PEA lithium brine resource is “updated to consider the potential unitized area of production, leading to an increased total (global) in-situ resource of 1,195,000 tons lithium carbonate equivalent (‘LCE’) at the Inferred Category.”
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About Standard Lithium Ltd.
Standard Lithium is an innovative technology and lithium development company. The company’s flagship project is located in southern Arkansas, where it is engaged in the testing and proving of the commercial viability of lithium extraction from more than 150,000 acres of permitted brine operations. The company has commissioned its first-of-a-kind, industrial-scale, direct-lithium-extraction demonstration plant at Lanxess’s south plant facility. The demonstration plant utilizes the company’s proprietary LiSTR technology to selectively extract lithium from Lanxess’s tail brine. The demonstration plant is being used for proof-of-concept and commercial feasibility studies. The scalable, environmentally friendly process eliminates the use of evaporation ponds, reduces processing time from months to hours and greatly increases the effective recovery of lithium. The company is also pursuing the resource development of more than 30,000 acres of separate brine leases located in southwestern Arkansas and approximately 45,000 acres of mineral leases located in the Mojave Desert in San Bernardino County, California. For more information about the company, please visit www.StandardLithium.com.
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