2 April 2019
Standard Lithium has engaged Advisian to complete a preliminary economic assessment (PEA) for its flagship LANXESS lithium brine project in Southern Arkansas.
The 150,000 acre (60,703-ha) lithium brine project is projected to produce a baseline of about 20,000 t/y of lithium carbonate equivalent, using Standard Lithium’s proprietary rapid-extraction process, which has the potential to reduce extraction recovery time from years to several hours, and may reduce environmental impact.
“Myself and the Standard Lithium team are very familiar with the high level of quality and technical rigour that Advisian will bring to this PEA. Their deep experience in the lithium brine processing and crystallisation world, combined with a long track record of working in the US Gulf Coast region, is ideal for evaluating Standard Lithium’s unique and advanced lithium brine project in southern Arkansas,” said Standard Lithium’s President and COO, Dr. Andy Robertson.
Advisian brings decades of expertise in global lithium projects. Its vast local and regional industry experience enables access to relevant project data, ensures development options are both technologically and practically reviewed, and facilitates careful evaluation of opportunities, costs, and risks. The sum total is delivery of accurate and dependable results that help clients confidently make the right strategic decisions.
“Standard Lithium has a world-class team and a world-class project. We are excited to be working with Standard Lithium to further define this flagship project and move it towards execution and operation,” said Rob Medley, Advisian’s Global Managing Director of Front End Mining, Metals & Minerals.
Completion of the AACE Class 5 PEA is expected near the end of June 2019.
Information contained herein was originally published in Standard Lithium’s press release, “Standard Lithium Engages WorleyParsons’ Advisian For Preliminary Economic Assessment Of Its Southern Arkansas Project.”