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Standard Lithium Announces Positive Preliminary Feasibility Study Results for South West Arkansas Project
EL DORADO, Ark., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), announc
About this update from Standard Lithium Ltd.
[{"type":"text","content":" EL DORADO, Ark., Aug. 08, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), announced today the positive results of a Preliminary Feasibility Study (“PFS”) for the Company’s 100%-owned South West Arkansas (“SWA”) Project (the “Project”). All figures are in US dollars unless otherwise stated. PFS Highlights: Lithium brine project in southwestern Arkansas. PFS indicates base case production of 30,000 tonnes per annum (“tpa”) battery-quality lithium hydroxide monohydrate (“LHM”); upside case of 35,000 tpa 20-year plus operating life. Upgraded mineral resource averaging 437 mg/L underpins a minimum 20-year operating life Robust project economics. Base case after-tax NPV $3.1 billion and IRR of 32.8% and upside case after-tax NPV $3.7 billion and IRR of 35.4%, assuming production of 30,000 tpa and 35,000 tpa, respectively, and both assuming discount rate of 8% and a long-term price of $30,000/t for battery-quality LHM Competitive operating costs. Average annual operating costs of $4,073/t of LHM over the operating life CAPEX of $1.3 billion. Total capex estimate of $1.3 billion includes conservative 20% contingency Increased lithium grades support larger resource. Upper Smackover Indicated and Middle Smackover Inferred Resource of 1.4 Mt and 0.4 Mt lithium carbonate equivalent (“LCE”), respectively, with an average lithium concentration of 437 mg/L and maximum reported lithium grade of 597 mg/L “The robust economics from the South West Arkansas Project PFS showcase its incredible potential,” said Dr. Andy Robinson, President and COO of Standard Lithium. “Our exploration program in the first half of this year yielded significantly improved lithium concentrations and grew the total resource to 1.8 million tonnes of lithium carbonate equivalent. The upgraded resource underpins an operating life of at least 20 years at competitive costs.” “Our team has also been hard at work at our Demonstration Plant at the Lanxess South Facility in El Dorado, processing approximately 14 million gallons of Smackover brine to date and successfully extracting lithium. We now have a well-tested direct lithium extraction (‘DLE’) process, and we successfully converted our DLE product into battery-quality lithium hydroxide. This start-to-finish proven process, combined with an impro...