Standard Lithium has engaged Advisian, the consulting arm of WorleyParsons Canada Services, to carry out a preliminary economic assessment (PEA) on its flagship LANXESS project in the south-central region of Arkansas, the US.
The AACE Class 5 PEA on the 150,000-acre (60,703-ha) lithium brine project will be established using a baseline production of around 20,000 t/y of lithium carbonate equivalent. It is expected to be completed towards the end of the June quarter.
Dr Andy Robinson, Standard Lithium President and COO, said: “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 Gulk Coast region, is ideal for evaluating Standard Lithium’s unique and advanced lithium brine project in southern Arkansas.”
Advisian and WorleyParsons have carried out many lithium studies for brine and produced-water projects in North and South America for a range of operating and development-stage clients, according to Standard Lithium.
Standard Lithium’s patent-pending rapid lithium extraction process has the potential to reduce the recovery time of extracting lithium from brine from the current industry method that takes years to as little as several hours, according to the company.
“The process may also prove to be much more environmentally-friendly with a significantly smaller footprint than the conventional processes,” Standard Lithium said.
The company has a signed agreement to locate a demonstration-scale plant in Southern Arkansas, in 2019, with a processing approach that has not yet been used to extract and process lithium from brines at a commercial scale anywhere globally.