Standard Lithium Commences Preliminary Economic Assessment to Produce Lithium Hydroxide From South Arkansas Tetra Property
EL DORADO, Ark., May 17, 2021 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L), an innovative technology
and lithium project development company has commenced work on a Preliminary Economic Assessment (“PEA”) on its TETRA Property located in the south-western region of Arkansas.
The PEA will consider an integrated project including; brine supply and injection wells, pipelines and brine treatment infrastructure, a Direct Lithium Extraction plant using the Company’s proprietary LiSTR technology, and a lithium chloride to lithium hydroxide conversion plant.
Standard Lithium has engaged NORAM Engineering and Constructors Ltd. (“NORAM”) as the lead consultant, to prepare and coordinate the PEA with support of a multi-disciplinary team. NORAM will be supported by Hunt, Guillot & Associates from Ruston, Louisiana in key areas such as brine supply, injection well and pipeline design and construction costs.
In January 28, 2019, an NI 43-101 Inferred Resource of 802,000 tonnes Lithium Carbonate Equivalent (“LCE”) was reported for the TETRA Property which is contained within the Smackover Formation, a Jurassic limestone aquifer that underlies the entire property. This brine resource is in an area where there is localized oil and gas production and is adjacent to Albemarle Corporation’s producing brine leases.
The Company expects to complete the Preliminary Economic Assessment in early Q3 2021.
Tetra Property Highlights:
- 27,262 net acres of brine leases
- Average lithium grades for the North and South Resource Areas were 160 mg/L and 399 mg/L, respectively. Brine samples collected in 2018 contained lithium between 347 and 461 mg/L
- Significant existing infrastructure, road, power, pipelines, water and rail
- Well characterized geology with extensive data including 2,444 wells drilled into the subsurface in the general TETRA Property area. Of these, 2,041 wells were deep enough (2,135 m, or 7,000 feet) to penetrate the Smackover Formation.
Dr. Andy Robinson, Standard Lithium President and COO, commented, “We continue to evaluate and accelerate our lithium brine project development activities in Southern Arkansas. The TETRA project is a very high quality resource with excellent lithium grades, reservoir characteristics and existing infrastructure. We have an experienced integrated technical team in place, led by NORAM, that will deliver a PEA that demonstrates the immense value it contains. This work will continue Standard Lithium’s mission of combining technological improvements with the highest quality lithium brine assets to deliver the next generation of sustainable lithium products in North America.”