Standard Lithium Ltd. Form 6-K Filing

This filing details the Preliminary Economic Assessment (PEA) for the Franklin Project in East Texas, a lithium project undertaken by Smackover Lithium, a partnership between Standard Lithium Ltd. and Equinor. The PEA indicates significant economic potential, with an unlevered after-tax NPV of $5.0 billion and an IRR of 24%. The project is projected to produce up to 70,000 tonnes of battery-quality lithium carbonate annually over a 20-year lifespan, with an estimated initial capital expenditure of $3.5 billion. The assessment leverages learnings from Standard Lithium's South West Arkansas Project and highlights competitive operating costs. The resource estimate has been upgraded, with potential for co-production of bromine and future upside from potash. The next step is to advance the project to a Pre-Feasibility Study.