For thousands of other reports visit RSC's Mineral Intellingence Map
Standard Lithium Ltd.
Summary
| Project: | Smackover | |
|---|---|---|
| Deposit: | Lanxess | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 6/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-6-2019: Standard Lithium Ltd. announces a PEA report for its Lanxess deposit at the Smackover project. PEA results incl. pre-tax NPV (8%) of $1.3B, IRR of 42%. 19 th June 2019 – Vancouver, BC – Standard Lithium Ltd. (“Standard Lithium” or the “Company” | |
| Resources: | (Resource, Ind.): 3,140,000t LCE | |
| CP/QP: | [Resources]: Roy Eccles (APEX Geoscience Ltd.) | |
| ABSTRACT: | 19 th June 2019 – Vancouver, BC – Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L), is pleased to announce the results of a Preliminary Economic Assessment (PEA) of its 150,000 acre project in the south-central region of Arkansas, USA (the “Property”). The PEA considers the production of battery-quality lithium carbonate through a phased build-out to a total 20,900 tonnes per annum (tpa) from the contemplated joint venture with Lanxess Corp. (see press release dated November 12, 2018) at their three-operating bromine-processing plants. The PEA also includes the reclassification of the existing mineral resource to an Indicated category. The PEA was prepared by Advisian, the consulting arm of WorleyParsons Canada Services Ltd (Worley), a world-leading integrated engineering firm with extensive experience in the design and construction of chemical plants and lithium brine processing projects around the globe. Dr. Andy Robinson, President and COO of Standard Lithium commented “We are delighted that we have been able, through close partnerships and access to large amounts of data, to bring our Lanxess project to the stage of successful completion of the PEA in such a short period of time. We were able to provide to Worley a huge amount of process testing and actual operational data from the current brine-processing plants in southern Arkansas, and as a result, we feel that we have produced a realistic view of the potential there, as well as a picture of the robustness of the project. We are progressing the deployment of the demonstration plant, and are scheduled to have it deployed to the project site in southern Arkansas in Q3 of this year. Real-world process optimisation from the demonstration plant, combined with the advanced nature of this PEA, mean that we are well positioned to release a robust feasibility study in early 2020.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report