- Standard Lithium (SLI) has commenced a drilling program at its South West Arkansas Lithium Project
- Work done on the program will support the forthcoming Preliminary Feasibility Study (PFS) of the project, which began in May 2022
- The drill program intends to define the resource definition and de-risk the resource estimate, provide additional porosity and permeability data through the entire thickness of the productive zones in the Smackover Formation, and optimize production-wellfield design
- Standard Lithium Ltd. (SLI) opened trading at $4.33
Standard Lithium (SLI) has commenced a drilling program at its South West Arkansas Lithium Project.
The drill program intends to define the resource definition and de-risk the resource estimate, provide additional porosity and permeability data through the entire thickness of the productive zones in the Smackover Formation, and optimize production-wellfield design.
It will cover two new locations and three re-entries of plugged and abandoned (pre-existing) oil and gas wells.
The drilling program will continue through Q2 until completed. Work done on the program will support the forthcoming Preliminary Feasibility Study (PFS) of the project, which began in May 2022.
Dr. Andy Robinson, Standard Lithium’s President and COO, commented on the news.
“Since beginning the PFS work at our South West Arkansas Lithium Project last year, the team has been advancing numerous engineering and process studies, while simultaneously completing all the leases and permits required to start the drilling program. This systematic drilling program for both new wells and re-entries into pre-existing, plugged and abandoned wells will collect all necessary resource data for the forthcoming PFS as well as the majority of resource data for the subsequent Definitive Feasibility Study. Our ongoing engineering and costing work at Phase 1A of our nearby LANXESS Property Project will also help inform the PFS. When complete, the PFS will provide an updated view of project feasibility and economics.”
Standard Lithium Ltd. is a pre-commercial lithium development company with a portfolio of projects in progress.
Standard Lithium Ltd. (SLI) opened trading at $4.33.
