re: Diving deeper on Standard Lithium?

Giddy up!

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Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), announced today the positive results of a Definitive Feasibility Study (the “DFS”) for its first commercial lithium extraction plant project (“Phase 1A”) proposed to be located at the LANXESS South Plant (“South Plant”). The DFS considers first production of battery-quality lithium carbonate in 2026, using direct lithium extraction, from Smackover brine currently being produced by LANXESS Corporation (“LANXESS”) from their South Brine Unit.   

All figures are in US dollars unless otherwise stated.

Phase 1A Highlights:

First production in 2026. Average annual production of 5,400 tonnes per annum (“tpa”) over the operating life with peak annual production of 5,700 tpa25-year minimum operating life. Proven and Probable Reserves of 208 Kt lithium carbonate equivalent (“LCE”) at an average concentration of 217 mg/L support up to 40 years of operationsStrong project economics. After-tax NPV $550 million and IRR of 24% assuming discount rate of 8% and a long-term price of $30,000/t for battery-quality Li2CO3Operating costs reflect first step to commercial production. Average annual operating costs of $6,810/t over the operating lifeCAPEX of $365 million. Total capex estimate of $365 million includes 15% contingencyUpgraded Measured Resource. Total Measured and Indicated Resource of 2.8 Mt LCE at average concentration of 148 mg/L for the combined LANXESS South, Central and West Brine Units; Phase 1A represents production of approximately 5% of the total Measured and Indicated Resources