Standard Lithium Provides Updates ON Fully Funded Resource Assessments Program Underway
STANDARD LITHIUM LTD.
Suite 835, 1100 Melville Street
Vancouver, British Columbia
V6E 4A6
NEWS RELEASE
STANDARD LITHIUM PROVIDES UPDATES ON FULLY FUNDED RESOURCE
ASSESSMENTS PROGRAM UNDERWAY
June 20, 2018 – Vancouver, BC – Standard Lithium Ltd.(“Standard Lithium” or the “Company”)
(TSXV: SLL) (FRA: S5L) is pleased to provide the following updates on the Company’s fully funded
resource assessment programs underway at its two brownfield lithium brine project locations.
In Arkansas, the Company has begun sampling at all current, active, and permitted brine production
wells from the 150,000+ acres of brine leases recently announced by the Company on May 9 th, 2018
(link to news release here ). The Company has also received total brine production data from the
Arkansas Oil and Gas Commission (the “AOGC”) for the last six years of production. The Company
will continue sampling brine from these active production wells at regular intervals over the next one
to two months. Analyses from this sampling program, combined with production volume data from
the AOGC and extensive geophysical data the Company has received, will be used to assist in
completing a forthcoming resource assessment for this large brine lease area.
In the area of Standard Lithium’s 30,000+ acre brine lease package announced January 8, 2018 (link to
news release here), the Company is working with an existing operator allowing the Company to access
existing wells to confirm well completion and integrity and will conduct brine sampling through a
program that will purge static brine from the wells to allow flow of representative Smackover
Formation brines to the surface. The chemistry and flow data collected from the wells, combined with
extensive historical lithium brine information from the lease package, will be incorporated into the
forthcoming resource assessment for the 30,000+ acre Standard Lithium lease area.
In California, the Company has successfully completed six of a seven exploration drill program, and a
new drilling rig is scheduled to be mobilised to the Bristol Dry Lake Project site to complete the final
and deepest exploration borehole at the project. As part of the Company’s on-going brine processing
work, a third series of evaporation pond tests at the Mojave project has been completed, and the
concentrated brine from this testing round will be shipped to the Company’s mini-Pilot plant site for
additional process testing work. A round of brine sampling has also been completed from the brine
production wells at the neighbouring Cadiz Dry Lake Project and data will be incorporated into the
ongoing resource model compilation.
Dr. Andy Robinson, COO and President of Standard Lithium commented "Having access to permitted
and operating wells in areas of our Southern Arkansas project for brine sampling is a unique data
gathering opportunity.”Dr Robinson added “With our exploration program in California near
completion and our technical teams processing the huge amount of geological, geophysical and
hydrogeological data available in Southern Arkansas, we are now close to having a complete
conceptual model for all of our lithium brine project areas, and this current phase of work will round-
out our resource model assessments, which we hope to finalise later this summer."
Quality Assurance
Raymond Spanjers, Registered 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 brownfield domestic brine resources, led by an innovative and results-oriented management
team with a strong focus on technical skills and modern brine processing technologies. The
Company’s flagship project is in southern Arkansas, where it is engaged in the testing and proving of
commercial viability of lithium extraction from 150,000+ acres of permitted brine operations and also
the resource development of 30,000+ acres of separate brine leases, both located in the Smackover
Formation. It is also engaged in the exploration and resource development of approximately 45,000
acres at the Bristol and Cadiz Dry Lake Lithium Projects located in the Mojave Desert, San Bernardino
County, California. All of Standard Lithium’s Project areas have significant infrastructure in-place,
with easy road and rail access, abundant electricity and water sources, and already permitted brine
extraction and processing operations.
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.