LEADING THE NEW WAVE OF LITHIUM PRODUCTION
Standard Lithium is focused on unlocking the value of existing large-scale US based lithium brine resources that can be brought into production quickly. The company believes new lithium production can be brought on stream rapidly by minimizing project risks at selection stage; resource, political & geographic, regulatory & permitting, and by leveraging advances in lithium extraction technologies and processes. The company has minimal requirements for mining, reduced permitting risk and access to low cost chemical reagents.
The Company’s flagship project is in southern Arkansas. The 180,000+ acre “Smackover Project”, is in the most prolific and productive brine region in North America. By securing access to strategically important resource through agreements with the areas largest commercial brine operators Standard Lithium is able to utilize the extensive existing infrastructure, including brine supply and disposal pipelines, water, power and a trained work force to fast track project development time lines.
“Arkansas produces about 9.4 billion gallons of brine per year, according to 2010-16 average statistics reported by the Arkansas Oil & Gas Commission.”
Standard Lithium’s break through rapid lithium extraction process reduces the recovery time of extracting lithium from brine from the current industry method that takes years to as little as several hours. The process is also much more environmentally friendly with a significantly smaller foot print than the conventional processes. The company has a signed agreement to locate a demonstration scale plant in Southern Arkansas in 2019.
WHAT SEPARATES STANDARD LITHIUM FROM THE HERD?
REDUCE JURISDICTION RISK
REDUCE TECHNOLOGY RISK
ELIMINATE DISCOVERY RISK
A UNIQUE COMPANY FOR A UNIQUE OPPORTUNITY
“Technology is reshaping our approach to mining, putting large resources that were once inaccessible or overlooked within immediate reach…”
By applying a disciplined development plan, proprietary rapid lithium processing technology and strategic alliances Standard Lithium is positioning itself to lead the next generation of lithium producers.
Standard Lithium is focused on unlocking the value of existing large-scale US based lithium bearing brine resources that can be brought into production quickly. The company believes new lithium production can be brought on stream rapidly by minimizing project risks at selection stage; resource, political & geographic, regulatory & permitting, and by leveraging advances in lithium extraction technologies and processes.
The Company is currently focused on the immediate development of its flagship, 180,000 acre Smackover Lithium project located in southern Arkansas. The region is home to North America’s largest brine production and processing fairway. The location has significant infrastructure in-place, with easy road and rail access, abundant electricity and water sources and is already permitted for extensive brine extraction and processing activities.
SMACKOVER PROJECT SOUTHERN ARKANSAS
The Company’s flagship 180,000 acre “Smackover Project” is in a region of southern Arkansas that is home to North America’s largest brine production and processing facilities.
Standard Lithium chose the Smackover Formation as a key development target, because it combines a very large resource potential, with well-studied and documented geology and hydrogeology, along with a permitting regime that has a long history of approving operations that remove, process and re-inject massive volumes of brine. Combined with a wealth of existing infrastructure in the project area (power, rail, gas, water, trained workforce, cheap reagents etc.), this makes Standard’s opportunity in Southern Arkansas the perfect location for a modern lithium brine processing operation.
The lease area has been historically drilled for oil and gas exploration, and approximately 256 exploration and production wells have been completed in the Smackover Formation in or immediately adjacent to Standard’s new lease area (almost 3,000 wells have been drilled in southern Arkansas and provide excellent data to support interpretation in Standard’s lease zone). All of these 256 wells have geological logs, and all can be used to constrain the top of the Smackover Formation brine-bearing zone. In addition, a subset of 30 wells has full core reports that provide detailed data, and downhole geophysical logs that include formation resistivity and porosity data. A further sub-set of 15 wells also has full core samples available from the Smackover Formation, these cores (available from the Arkansas Geological Survey core library) can be sent for additional laboratory testing to further refine porosity estimates for the Smackover resource zone in Standard’s lease area.
Standard has agreements with independent oil and gas producers with open, unused Smackover wells in and immediately adjacent to the new lease area to gather new, high quality lithium brine samples from the key brine production zones in the Smackover Formation. A sampling program conducted in Q3 2018 yielded lithium grades ranging from 347- 461 mg/L
In May 2018, the Company has signed up with global specialty chemicals company LANXESS Corporation (“LANXESS”) and its US affiliate Great Lakes Chemical Corporation (“GLCC”), with the purpose of testing and proving the commercial viability of extraction of lithium from brine (“tail brine”) that is produced as part of Lanxess bromine extraction business at its three Southern Arkansas facilities.
LANXESS’ land operations in Southern Arkansas encompass more than 150,000 acres, 10,000 brine leases and surface agreements and 250 miles of pipelines. LANXESS extracts the brine from their wells located throughout the area, and the brine is transported to the three Arkansas plants through a network of pipelines. The three bromine extraction plants currently employ approximately 500 people and process and reinject several hundred thousand barrels of brine per day.
San Bernardino County, California
LOCATION & HIGHLIGHTS
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