STANDARD LITHIUM WKN: A2DJQP ISIN: CA8536061010 Kürzel: SLI Forum: Aktien Thema: Hauptdiskussion

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Standard Lithium’s Director and President, Dr. Andy Robinson commented: “The Standard Lithium and Equinor teams, along with our various field and drilling partners are working hard to gather all the remaining sub-surface data we require for our first commercial lithium project. The remaining field programs are required so that our engineering and design partners can complete the FEED and DFS studies by mid-2025. The SWA Lithium Joint Venture remains focussed on execution and moving the Project towards commercialisation.”

Field Program The SWA team is also conducting an extensive field program at four wells in the proposed first area of operation (the four other wells shown on Figure 1). The work consists of well re-entry, hydraulic testing to determine reservoir characteristics, and brine sampling and testing. In addition, large volumes of brine have been collected from the International Paper Company (IPC-1) to allow the field-based pilot testing to be operated (see Standard Lithium’s recent news release dated December 19, 2024). To date, the work has demonstrated that reservoir properties are better than previously gathered in the preliminary feasibility study, and also, where lithium brine samples have been sent off for third-party analysis, the lithium concentrations are higher than previously published. Key data will be made public when available, and all relevant data will be provided in the DFS later in 2025, along with all QA/QC information.

LOUISVILLE, Ark., Jan. 15, 2025 (GLOBE NEWSWIRE) -- SWA Lithium, the Joint Venture between Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) and Equinor ASA (“Equinor”) which is developing the South West Arkansas Project (“SWA” or the “Project”), is pleased to announce that it has successfully commenced drilling a new well into the Smackover Formation at the Project. The well is currently at a depth of approximately 8,000’ below surface (2,438 m), and has a targeted total depth of 9,600’ (2,926 m). SWA Lithium is also undertaking an extensive field program to re-enter the wells drilled in 2023 to conduct detailed reservoir testing and brine sampling work. New Exploration Well The new well, named Lester-1, is a vertical exploration well being drilled by local contractors, and its location is shown in Figure 1 below. The well fills in a data gap in SWA Lithium’s proposed first area of operation, and after spudding of the well on December 27th, 2024, is now at a depth of 8,000’ and advancing steadily. During drilling, it is intended to retrieve core from the Upper and Middle Smackover Formation limestone and the bore terminate in the Lower Smackover Formation. After installation of production casing, the borehole will be selectively perforated in zones of interest and multiple large-scale representative samples of lithium brine will be produced from the formation. The same horizons of interest will also be subjected to permeabilitity testing to assess reservoir characteristics and behaviour. Discrete core samples will be sent for third party assessment of porosity and permeability. All data gathered from this new well will be used to inform the forthcoming front end engineering design (“FEED”) and Definitive Feasibility Studies (“DFS”). An image of the rig and drillsite is shown in Figure 2 below.

SWA Lithium and Contractors Drill a New Well into the Smackover Formation to Complete Understanding of the Reservoir for Production Modelling Additional Testing Program in 2023 Wells is Designed to Improve Understanding of Formation and Revise the Brine Chemistry for the First Phase of Production

SWA Lithium Drills New Smackover Well and Conducts Extensive Reservoir Testing Program at South West Arkansas Lithium Project

https://www.standardlithium.com/investors/news-events/press-releases/detail/182/swa-lithium-drills-new-smackover-well-and-conducts

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