Standard Lithium surges on preliminary assessment of Arkansas project

Oct. 12, 2021 7:20 AM ETStandard Lithium Ltd. (SLI), SLI:CABy: Carl Surran, SA News Editor7 Comments

Battery supply concept

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  • Standard Lithium (NYSE:SLI) +10% pre-market after reporting "positive results" of a preliminary economic assessment for its South-West Arkansas Lithium Project.
  • Key points from the assessment include pre-tax $2.83B NPV at 8% discount rate and IRR of 40.5%; after-tax $1.97B NPV at 8% discount rate and IRR of 32.1%; an increased total in-situ resource of 1.19M metric tons of lithium carbonate equivalent at the inferred category; and $870M total capex estimate.
  • The company says the PEA considers the production of battery-quality lithium hydroxide averaging 30K metric tons/year over a 20-year operating timeframe.
  • Early last month, Standard Lithium shares rose after reporting it completed the installation of the SiFT lithium carbonate plant at its El Dorado project in Arkansas.

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