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Standard Lithium Announces Positive Preliminary Economic Assessment and Update of Inferred Mineral Resource at South-West Arkansas Lithium Project
EL DORADO, Ark., Oct. 12, 2021 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE: SLI) (FRA: S5L), an innovative
About this update from Standard Lithium Ltd.
[{"type":"text","content":" EL DORADO, Ark., Oct. 12, 2021 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE: SLI) (FRA: S5L), an innovative technology and lithium project development company, reports the positive results of a Preliminary Economic Assessment (PEA) for the Company’s South-West Arkansas (SWA) Lithium Project (the “Project”; previously called the Tetra Project; See Company News Release dated May 17th 2021). Key Points: Pre-tax US$2.83 Billion NPV at 8% discount rate and IRR of 40.5%; After-tax US$1.97 Billion NPV at 8% discount rate and IRR of 32.1%; 20-year mine-life producing an average of 30,000 tonnes per year of battery-quality lithium hydroxide monohydrate (LHM); Operating costs of US$2,599 per tonne of battery quality lithium hydroxide; AACE Class 5 Total CAPEX estimate of US$870 Million including conservative 25% contingency of direct capital costs; and, 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 tonnes Lithium Carbonate Equivalent (LCE) at the Inferred Category. Dr. Andy Robinson, President and COO of Standard Lithium commented, “the completion of this PEA for the SWA Lithium Project is an important milestone for Standard Lithium as it begins to showcase the significant potential that is present within the Smackover Formation in southwestern Arkansas. This PEA is the result of a concerted team effort, and we owe considerable thanks to all the team members who have contributed their professional expertise to this study. The ability to showcase this PEA and highlight these attractive project fundamentals is based on the many tens-of-thousands of hours that the broader Standard Lithium team has spent over the past few years proving and derisking our lithium extraction technology at pre-commercial scales. It is because of our large-scale technology proof that we can hope to deploy it, in the future, on our other assets in the region. The attractive potential economics from this PEA support continued effort to de-risk and advance the SWA Project in parallel with the Company’s immediate focus, which is to deliver the first new lithium production facility in North America at the Lanxess facilities.” The PEA and updated lithium resource estimate are...