SLI - Standard Lithium Acquires Large Parcel of Land for South West Arkansas Project | Benzinga
EL DORADO, Ark., Sept. 13, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. ("Standard Lithium" or the "Company") (TSXV:SLI) (NYSE:SLI) (FRA:S5L), a leading near-commercial lithium company, today announced the acquisition of 118 acres of land intended to advance development of its South West Arkansas Project ("SWA Project" or the "Project").
Dr. Andy Robinson, President and COO of Standard Lithium, commented, "The land purchase demonstrates our commitment to advancing and de-risking the South West Arkansas Project. The land, which lies to the south west of the SWA Project's brine lease footprint, is ideally located close to a paved highway, robust regional infrastructure and a skilled workforce. This acquisition adds to our existing land options in the Project area and provides us with added design flexibility as we progress the Project to the Definitive Feasibility and FEED phase."
Figure 1: Overview of South West Arkansas Project and Land Purchase
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d94fc7e9-9d13-412b-a19e-415b670edcfb
The 118-acre parcel is located in Lafayette County, Arkansas near state highway 29 which historically has been used to access logging operations. A portion of the property has previously been logged and the remainder of the harvestable timber will be removed before the end of the year by the previous owner.
Figure 2: 118-acre Land Purchase Bird's Eye View
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ed4c0da9-ca1a-407c-aaa3-79e2149454cf
About the South West Arkansas Project
The South West Arkansas Project is located approximately 15 miles west of the City of Magnolia in southwestern Arkansas. The SWA Project's Indicated and Inferred Mineral Resource of 1.4 Mt and 0.4 Mt lithium carbonate equivalent, respectively, has some of the highest reported lithium brine concentrations in North ...