Standard Lithium Ltd (SLI)

[NetworkNewsWire]

STLHF Provides Progress Update on California Lithium Project

Standard Lithium. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) today provided an update on the progress of its development work at the California Lithium Project, which is comprised of Mojave Desert, California area Bristol Dry Lake and Cadiz Dry Lake lithium brine properties. Progress, to date, includes installation of six new separate evaporation ponds on the Bristol Dry Lake Property designed to further assess the role of short-duration passive solar evaporation in processing the project’s lithium brines. Due to extremely high evaporation rates in the project area, previous work demonstrated the potential to concentrate brines from initial lithium concentrations of 146 mg/L to concentrations of 686 mg/L in approximately 7 weeks. (This average concentration was previously reported as 556 mg/L, but has been revised upwards based on final QA/QC data). Additional evaporation tests are continuing in order to assess evaporation rates according to seasonal variations and for the production of large volumes of pre-concentrated brine for shipment to Standard Lithium’s testing facilities across North America for use in ongoing selective lithium extraction processing. In addition, over the next several weeks, a bulk raw-brine sample from the Cadiz Dry Lake Project will be transported to the evaporation ponds to assess pre-concentration of lithium brine from this project.

To view the full press release, visit http://nnw.fm/4NdqO

About Standard Lithium Ltd.

Standard’s value creation strategy encompasses acquiring a diverse and highly prospective portfolio of large-scale domestic brine resources, led by an innovative and results-oriented management team with a strong focus on technical skills. The company is currently focused on the immediate exploration and development of the Bristol Dry Lake Lithium Project located in the Mojave region of San Bernardino County, California; 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. The company is also commencing resource evaluation on 33,000 acres of brine leases located in the Smackover Formation. For more information, visit http://nnw.fm/standardlithium.