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Standard Lithium Drills and Samples Highest Confirmed Grade Lithium Brine in North America
EL DORADO, Ark., March 28, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), a l
About this update from Standard Lithium Ltd.
[{"type":"text","content":" EL DORADO, Ark., March 28, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium company, is pleased to announce that, as part of its significant resource expansion work in the East Texas Smackover region, it has sampled, to the best of its knowledge, the highest confirmed lithium grade brine in North America, with a grade of 634 mg/L lithium. In Standard Lithium’s experience, the grade of lithium in brine used for Direct Lithium Extraction (DLE) has a meaningful impact on both capital expenditures and operating costs in connection with the extraction process, with a higher grade typically resulting in lower overall costs. Dr. Andy Robinson, President and COO of Standard Lithium commented, “We’re excited to discover this outstanding resource and to add it to our expanding portfolio of select projects in the Smackover Formation. We have built a large and technically diverse team of Smackover specialists who have been working for almost three years to understand the most prospective areas to secure the highest quality brine resources in East Texas. The technical group has been supplemented by a strong team of mineral and land professionals who have been securing the extensive brine rights in these key project areas. Based on this work, the Company acquired the rights to one existing well and to drill a new deep well. We are delighted that sampling from the new well has led us to find lithium brine with, to the best of the Company’s knowledge, the highest grade in North America.” “These very high-quality lithium brine resources, located in the heart of the Gulf Coast region, are close to, and highly complementary to, Standard Lithium’s existing lithium projects and have the potential to play a key role in future lithium production as part of the Company’s development and commercialization program. We look forward to working with the local communities and building our presence in East Texas, and we will be releasing further technical reports defining the project areas in the near future.” Analysis and Testing Details Over the past three years, the Standard Lithium team has been developing a thorough understanding of the Smackover Formation in Texas, via analysis of existing petro-physical logs, 2D seismic data and existing ...