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Lithium from Brine - Quarterly Analysis

The following management’s discussion and analysis (“MD&A”) for Standard Lithium Ltd. was prepared by their management based on information available as of the filing, and it should be reviewed in conjunction with the audited consolidated financial statements and related notes thereto of the Company for the six months ended June 30, 2018. The financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). All dollar figures are expressed in Canandian dollars unless otherwise stated.

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5301 Northshore Drive,
North Little Rock, AR 72118
Phone: 501-683-5814