Standard Lithium Provides Update ON Exploration and Process Testing Program at Bristol DRY Lake, Mojave, California
STANDARD LITHIUM LTD.
Suite 888, 1100 Melville Street
Vancouver, British Columbia
V6E 4A6
NEWS RELEASE
STANDARD LITHIUM PROVIDES UPDATE ON EXPLORATION AND PROCESS
TESTING PROGRAM AT BRISTOL DRY LAKE, MOJAVE, CALIFORNIA
October 10th, 2017 – Vancouver, BC – Standard Lithium Ltd.(“Standard Lithium” or the
“Company”) (TSXV: SLL) (FRA: S5L) (OTCQX:STLHF) is pleased to provide an update on the
exploration and process testing program at the Company’s Bristol Dry Lake lithium brine project
located in the Mojave Desert, California.
Building on the promising results of its recently completed large-scale geophysical surveys, the
Company has commenced a resource definition drill program on its approximately 25,000 acre Bristol
Dry Lake lithium brine project. The objectives of the intrusive exploration program are to establish the
lithium grade of the subsurface brine across Standard’s extensive landholdings within the large salar;
to determine depth and lateral extent of the brine; and also to define key geological and
hydrogeological data that will be required in order to develop a maiden resource estimate. The
Company has received all required permits and approvals from Federal and County regulators to
conduct the exploration drilling program. Two drill rigs have commenced work on site and the
Company’s team of senior geologists and hydrogeologists are supervising all work.
In addition to the geophysical and intrusive exploration programs, the Company has collected and
shipped bulk raw brine samples from Bristol Dry Lake to several leading lithium brine assessment and
process technology firms across North America. These firms have begun a series of lab-scale process
testing studies of the Bristol Dry Lake brine and will begin determining the most efficient and effective
process technologies to optimize lithium recovery from this important U.S. mineral brine bearing
resource. The Company has also completed preliminary evaporation pond process testing work at the
Bristol Dry Lake project site. The initial test work consisted of taking raw brines gathered from near-
surface test pits (depth to lithium brine at the project is typically 5-20 ft (1.5-6 m)) and pumping the
brine into three shallow plastic-lined ponds that were partially buried to avoid heating effects on the
walls of the ponds. Brine samples and field parameters were taken on a weekly schedule, and samples
were sent for chemical analysis to a qualified laboratory in Sparks, NV. The data from this first round
of evaporation pond testing showed that the raw brine pumped from the near-surface test-pit contained
an average concentration of 146 mg/L lithium, and that within a period of 4 weeks, the brine was
concentrated by passive solar evaporation to an average lithium concentration of 556 mg/L (max. 717
mg/L). These short-duration evaporation tests will be repeated several times throughout the year, so
that seasonal effects can be quantified. Data developed from this short-duration evaporation pond
work will be incorporated into the ongoing process-testing work being conducted by leading North
American process technology firms.
Standard Lithium’s President and COO, Dr. Andy Robinson commented “Standard’s exploration and
process-testing programs are now fully underway and being completed in parallel by our highly
experienced resource assessment and chemical engineering teams. The amount of work that we’ve
been able to complete in such a short period of time is evidence of our fast-track development
philosophy, and speaks volumes to the constructive relationships that we have in place with the
existing fully-permitted brine producers in operation at Bristol Dry Lake. All of the work being
completed right now will be used to support the maiden 43-101 resource estimate for the Bristol Dry
Lake lithium brine project, estimated for the first half of 2018”.
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
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 due diligence and resource evaluation on
33,000 acres of lithium 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.
Neither the Company, nor National Chloride makes any representations as to the value of lease rights
associated with National Chloride’s Bristol Lake mineral claims (the “Property”), the availability of
any particular resource or minerals on the Property, or the merits of any proposed exploration work to
be completed on the Property. National Chloride expressly disclaims any responsibility for the
adequacy or accuracy of disclosure made by the Company in respect of the Property. 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 Property.