Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLL) (FRA:S5L) (OTCQX:STLHF) is pleased to announce that its wholly owned subsidiary, California Lithium Ltd., has signed an amendment agreement with National Chloride Company of America (“National Chloride”) that significantly expands the Company’s land position in the Bristol Dry Lake Lithium Project by approximately 6,000 acres, to a new total of approximately 25,000 acres.
As quoted in the press release:
Standard Lithium CEO, Robert Mintak stated “Standard Lithium is delighted to continue and expand our business relationships with our trusted brine processing partner, National Chloride. The expansion of our optioned landholding in the Bristol Dry Lake Lithium Brine Project is in areas of the salt lake where we have recently completed geophysical exploration, and we understand that the additional ground is underlain by an extremely deep basin that contains concentrated, highly conductive brine. The timing of this expansion is important, as we are currently mobilising drilling crews to the project site, and will be starting quantitative resource assessment work very shortly.”