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Standard Lithium Ltd.
Summary
| Project: | Smackover | |
|---|---|---|
| Deposit: | Tetra | |
| Location: | United States | |
| Commodities: | Lithium | |
| Date: | 1/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-1-2019: Standard Lithium Ltd. announces a Resource Estimation report for its Tetra deposit at the Smackover project. Updated mineral resource estimate at the project. 28th January 2019 – Vancouver, BC – Standard Lithium Ltd. (“Standard Lithium” or the | |
| Resources: | (Resource, Inf.): 802Kt LCE contained at Smackover | |
| CP/QP: | [Resources]: Roy Eccles (APEX Geoscience Ltd.) | |
| ABSTRACT: | 28th January 2019 – Vancouver, BC – Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L), is pleased to report a maiden lithium resource statement for its approximately 30,000 acre Project (aka TETRA Project) in the southwestern region of Arkansas, USA (the “Property”; see Company news release dated 8th Jan 2018). The maiden resource report, detailed in Table 1 below, includes 802,000 metric tonnes of lithium carbonate equivalent (LCE) at the Inferred Resource category (see notes [1], [4] and [5] below). Combined with Standard Lithium’s other project in Southern Arkansas (Lanxess Property; see news dated 14th November 2018), this results in a total combined Arkansas lithium brine resource of 3,888,000 tonnes LCE. Robert Mintak, CEO said “This combined project in Southern Arkansas positions us as the largest lithium brine resource in the US; a significantly expanding market that currently relies on imports of foreign lithium.” Dr. Andy Robinson, President and COO of Standard Lithium continued “Our collaboration with TETRA Technologies was fundamental in allowing Standard Lithium to gain a meaningful foothold in the south-west Arkansas Project area, and this maiden resource estimate is validation of the high resource potential we identified in this highly prospective region. We look forward to tighter definition of this resource and developing its potential in parallel with the Lanxess property.” | |
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