Standard Lithium Commences Resource Definition IN Southern Arkansas
STANDARD LITHIUM LTD.
Suite 835, 1100 Melville Street
Vancouver, British Columbia
V6E 4A6
NEWS RELEASE
STANDARD LITHIUM COMMENCES RESOURCE DEFINITION IN SOUTHERN
ARKANSAS
January 30th, 2018 – Vancouver, BC – Standard Lithium Ltd.(“Standard Lithium” or the
“Company”) (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L) is pleased to announce that the
Company has commenced detailed resource definition work at its recently optioned 33,000 acres
of brine leases, located in a highly prospective area of the Smackover Formation in Southern
Arkansas, USA. This work integrates collection of new data from current well infrastructure,
with a large amount of already-available, high quality, geological, geophysical and geochemical
data.
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’s brine-bearing zone. In addition, a sub-set 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.
In addition, Standard Lithium has retained Shreveport, Louisiana based Hill Geophysical
Consulting to provide key geological interpretation of the lease area. The Principal, Kevin Hill,
has several decades of experience gathering and interpreting geophysical data from the Southern
Arkansas area, and has been instrumental in identifying structures, lithological/porosity
variations and new resource zones in the Smackover Formation throughout Standard’s area of
interest. Of key importance is that Hill Geophysical have licensed access to over 320 km (200
miles) of high resolution 2D-seismic line data that have been collected in Standard Lithium’s
new lease area, and these lines fully image the total thickness of the Smackover Formation and
fine-scale structures and lithology variations that are present therein. Hill Geophysical
Consulting is in the process of integrating the 256 well logs from the lease area into the 2D-
seismic data, and is working towards producing a 3D-block model of the Smackover Formation
underlying Standard’s leases.
Standard is also in advanced discussions with 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. The
new samples will supplement the extensive historical geochemical brine data available from the
area of interest.
President and Chief Operating Officer, Dr. Andy Robinson commented, “one of the reasons that
the Company aggressively pursued this lease package in the Smackover Formation was because
we knew that not only was there was a wealth of high quality data already available to define the
resource, but also several key professionals who could help us integrate and interpret those data.
We’re now at the point where we can very quickly work through the resource assessment process
and identify where we need to collect any additional data to ensure a robust and comprehensive
understanding of the lithium brine resource potential. Execution of this very fast resource
assessment process is part of Standard’s corporate strategy to move large potential resources as
quickly towards production as we can.”
Quality Assurance
Raymond Spanjers, Certified Professional Geologist (SME No. 3041730), is a qualified person
as defined by NI 43-101, and has supervised the preparation of the scientific and technical
information that forms the basis for this news release. Mr. Spanjers is not independent of the
Company as he is an officer in his role as Vice President, Exploration and Development.
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 up to 33,000 acres of brine leases located in the
Smackover Formation.
Standard Lithium is listed on the TSX Venture under the trading symbol “SLL”; quoted on the
OTCQX under the symbol “STLHF”; and on the Frankfurt Stock Exchange under the symbol
“S5L”. Please visit the Company’s website atwww.standardlithium.com.
For further information, contact Anthony Alvaro at (604) 240 4793
On behalf of the Board,
Standard Lithium Ltd.
Robert Mintak, CEO & Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain certain “Forward-Looking Statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and applicable Canadian
securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”,
“expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or
expressions identify forward-looking statements or information. These forward-looking
statements or information may relate to future prices of commodities, accuracy of mineral or
resource exploration activity, reserves or resources, regulatory or government requirements or
approvals, the reliability of third party information, continued access to mineral properties or
infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration
costs and government regulation in Canada and the United States, and other factors or
information. Such statements represent the Company’s current views with respect to future
events and are necessarily based upon a number of assumptions and estimates that, while
considered reasonable by the Company, are inherently subject to significant business, economic,
competitive, political and social risks, contingencies and uncertainties. Many factors, both
known and unknown, could cause results, performance or achievements to be materially different
from the results, performance or achievements that are or may be expressed or implied by such
forward-looking statements. The Company does not intend, and does not assume any obligation,
to update these forward-looking statements or information to reflect changes in assumptions or
changes in circumstances or any other events affections such statements and information other
than as required by applicable laws, rules and regulations.
Readers are cautioned that a “Qualified Person” (as that term is defined by National Instrument
43-101 – Standards of Disclosure for Mineral Projects) has not done sufficient work to specify
any mineral resource or reserve on the Properties.