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Eye on Lithium: Even if every lithium project comes online we could still have a 2 million tonne deficit by 2030, S&P says
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- Even with every project online we could still be facing a 2 million mt deficit by 2030, S&P says
- Critical Resources finds 40.9m of spodumene-bearing pegmatite at Mavis Lake
- MinRex finds visible spodumene at the Sisters project in WA
All your ASX lithium news for Tuesday, August 2.
S&P Global says that even if every lithium project around the world was to come online by 2030 there is still going to be a 220,000t gap minimum in demand in 2030.
In fact, they said it could be as a high as a 2 million tonne gap.
While hard-rock assets will keep accounting for most of the lithium output in the future, all production routes, even those which have never operated at a commercial scale (we’re looking at you direct lithium extraction, clay-based and geothermal lithium) will be necessary to mitigate the increasing supply deficit.
This is because it could take almost a decade for a mining project to reach capacity – after its already spent the best part of a decade getting up and running.
“Within the product base, there will be limited integrated hydroxide capacity, meaning converters will keep playing an essential role into the future,” S&P said.
Like all estimates not perfect but makes the point well. There will be a #lithium deficit into the 2030s. Thanks @SPGlobal pic.twitter.com/p42kNS3Acj
— Joe Lowry (@globallithium) August 2, 2022
Here’s how ASX lithium stocks were tracking today:
Lithium stocks missing from our list? Shoot a friendly mail to [email protected]
| Code | Company | Price | % Month | % Week | % Today | Market Cap |
|---|---|---|---|---|---|---|
| XTC | Xantippe Res Ltd | 0.008 | 0% | 0% | 14% | $56,094,314.95 |
| LRV | Larvottoresources | 0.215 | 0% | 5% | 13% | $7,891,175.00 |
| ENT | Enterprise Metals | 0.013 | 63% | 30% | 13% | $7,509,277.91 |
| GSM | Golden State Mining | 0.053 | 36% | 8% | 13% | $5,471,801.99 |
| BMM | Balkanminingandmin | 0.22 | 33% | 10% | 10% | $6,550,000.00 |
| AX8 | Accelerate Resources | 0.037 | 23% | 16% | 9% | $9,195,602.57 |
| RMX | Red Mount Min Ltd | 0.0065 | 18% | 8% | 8% | $9,854,183.15 |
| MRR | Minrex Resources Ltd | 0.056 | 81% | 56% | 8% | $55,127,641.97 |
| CY5 | Cygnus Gold Limited | 0.215 | 39% | 39% | 8% | $23,597,063.00 |
| SRZ | Stellar Resources | 0.017 | 0% | 13% | 6% | $13,428,842.02 |
| PGD | Peregrine Gold | 0.42 | 11% | -6% | 5% | $15,314,794.00 |
| CZL | Cons Zinc Ltd | 0.021 | 17% | 5% | 5% | $7,747,156.26 |
| MMG | Monger Gold Ltd | 0.24 | 14% | 4% | 4% | $9,209,200.00 |
| KTA | Krakatoa Resources | 0.051 | -2% | -6% | 4% | $16,890,785.93 |
| KAI | Kairos Minerals Ltd | 0.027 | 42% | 0% | 4% | $51,014,430.77 |
| TKM | Trek Metals Ltd | 0.06 | 9% | -8% | 3% | $18,015,388.70 |
| FRS | Forrestaniaresources | 0.16 | 33% | 0% | 3% | $4,818,377.12 |
| 1MC | Morella Corporation | 0.0165 | -3% | -3% | 3% | $82,819,423.78 |
| EMH | European Metals Hldg | 0.69 | 7% | -8% | 3% | $80,200,431.12 |
| LRD | Lordresourceslimited | 0.21 | -11% | 0% | 2% | $6,515,847.31 |
| KZR | Kalamazoo Resources | 0.215 | 26% | 0% | 2% | $30,490,818.54 |
| CAI | Calidus Resources | 0.72 | 24% | 15% | 2% | $287,520,825.39 |
| AOU | Auroch Minerals Ltd | 0.061 | 5% | -5% | 2% | $22,182,107.94 |
| NMT | Neometals Ltd | 1.105 | 21% | 7% | 1% | $600,472,153.62 |
| WES | Wesfarmers Limited | 47.09 | 12% | 0% | 1% | $53,007,031,313.50 |
| AML | Aeon Metals Ltd. | 0.028 | 27% | -3% | 0% | $27,751,677.04 |
| AVZ | AVZ Minerals Ltd | 0.78 | 0% | 0% | 0% | $2,752,409,203.44 |
| PSC | Prospect Res Ltd | 0.135 | 186% | 174% | 0% | $62,405,027.37 |
| TKL | Traka Resources | 0.006 | 0% | 0% | 0% | $4,132,647.37 |
| TON | Triton Min Ltd | 0.027 | 42% | 8% | 0% | $33,987,172.78 |
| ARN | Aldoro Resources | 0.2 | 48% | 25% | 0% | $19,917,463.40 |
| PAM | Pan Asia Metals | 0.36 | -15% | -5% | 0% | $26,611,287.12 |
| AS2 | Askarimetalslimited | 0.3 | 20% | 25% | 0% | $13,520,781.00 |
| EMS | Eastern Metals | 0.155 | 11% | 15% | 0% | $5,991,718.75 |
| FG1 | Flynngold | 0.098 | -2% | -2% | 0% | $6,277,982.90 |
| MMC | Mitremining | 0.115 | -4% | -4% | 0% | $3,114,786.50 |
| SHH | Shree Minerals Ltd | 0.009 | 13% | 13% | 0% | $11,146,382.03 |
| TMB | Tambourahmetals | 0.175 | 40% | 17% | 0% | $7,208,704.65 |
| TSC | Twenty Seven Co. Ltd | 0.003 | 50% | 0% | 0% | $7,982,441.72 |
| WML | Woomera Mining Ltd | 0.015 | -21% | 3% | 0% | $10,302,495.99 |
| CRR | Critical Resources | 0.047 | 7% | 12% | 0% | $69,936,716.23 |
| KGD | Kula Gold Limited | 0.028 | 22% | -13% | 0% | $6,024,917.70 |
| WR1 | Winsome Resources | 0.185 | -10% | 0% | 0% | $24,996,088.89 |
| SCN | Scorpion Minerals | 0.066 | -7% | 3% | 0% | $21,900,858.67 |
| AZI | Altamin Limited | 0.095 | 0% | -1% | 0% | $37,213,091.44 |
| AVW | Avira Resources Ltd | 0.003 | 0% | -14% | 0% | $6,356,370.00 |
| RDT | Red Dirt Metals Ltd | 0.4 | 5% | 16% | 0% | $121,821,770.40 |
| EFE | Eastern Resources | 0.025 | 19% | -11% | 0% | $24,860,915.78 |
| LSR | Lodestar Minerals | 0.007 | 17% | 17% | 0% | $12,169,061.44 |
| NWM | Norwest Minerals | 0.045 | 55% | 32% | 0% | $8,127,332.42 |
| AOA | Ausmon Resorces | 0.005 | -17% | -17% | 0% | $4,286,446.72 |
| VKA | Viking Mines Ltd | 0.007 | 17% | 0% | 0% | $7,176,809.02 |
| IPT | Impact Minerals | 0.008 | 14% | 0% | 0% | $19,850,964.45 |
| SRI | Sipa Resources Ltd | 0.04 | 14% | 0% | 0% | $8,200,992.12 |
| G88 | Golden Mile Res Ltd | 0.027 | 0% | -4% | 0% | $5,500,780.58 |
| EPM | Eclipse Metals | 0.021 | 17% | 5% | 0% | $40,343,654.67 |
| WC8 | Wildcat Resources | 0.023 | -8% | -4% | 0% | $14,841,272.72 |
| MM1 | Midasmineralsltd | 0.18 | -8% | -3% | 0% | $10,283,717.52 |
| M2R | Miramar | 0.105 | 22% | -5% | 0% | $6,739,599.62 |
| WMC | Wiluna Mining Corp | 0.205 | -11% | 0% | 0% | $74,238,030.68 |
| ZEO | Zeotech Limited | 0.065 | 30% | 14% | 0% | $99,119,505.55 |
| ALY | Alchemy Resource Ltd | 0.014 | 0% | -13% | 0% | $13,343,036.80 |
| DAF | Discovery Alaska Ltd | 0.043 | -22% | -10% | 0% | $9,642,092.01 |
| IR1 | Irismetals | 0.4 | 70% | 33% | 0% | $23,850,000.00 |
| LNR | Lanthanein Resources | 0.016 | 0% | -6% | 0% | $13,405,209.12 |
| DAL | Dalaroometalsltd | 0.11 | 25% | -8% | 0% | $3,286,250.00 |
| PLL | Piedmont Lithium Inc | 0.625 | 20% | 18% | -1% | $332,369,604.00 |
| OCN | Oceanalithiumlimited | 0.445 | 48% | 1% | -1% | $15,086,250.00 |
| AGY | Argosy Minerals Ltd | 0.375 | 12% | 6% | -1% | $515,370,258.74 |
| RAS | Ragusa Minerals Ltd | 0.072 | -6% | -3% | -1% | $9,178,739.39 |
| LIT | Lithium Australia | 0.071 | 27% | 6% | -1% | $74,549,471.40 |
| MQR | Marquee Resource Ltd | 0.07 | 13% | -1% | -1% | $22,408,848.18 |
| ZNC | Zenith Minerals Ltd | 0.34 | 26% | 5% | -1% | $118,942,986.26 |
| LTR | Liontown Resources | 1.3 | 30% | 10% | -2% | $2,893,737,261.36 |
| GT1 | Greentechnology | 0.61 | 2% | -9% | -2% | $114,247,178.66 |
| TUL | Tulla Resources | 0.57 | 7% | 3% | -2% | $92,925,785.76 |
| A8G | Australasian Metals | 0.24 | 4% | 4% | -2% | $10,086,771.03 |
| FTL | Firetail Resources | 0.235 | -6% | -8% | -2% | $14,827,800.00 |
| MIN | Mineral Resources. | 52.81 | 14% | 11% | -2% | $10,220,075,855.56 |
| LLL | Leolithiumlimited | 0.45 | -13% | 10% | -2% | $453,862,179.52 |
| RIO | Rio Tinto Limited | 96.67 | -4% | 0% | -2% | $36,720,707,888.88 |
| RAG | Ragnar Metals Ltd | 0.042 | 17% | 17% | -2% | $16,304,950.23 |
| MNS | Magnis Energy Tech | 0.3075 | 3% | -1% | -2% | $305,654,417.15 |
| PLS | Pilbara Min Ltd | 2.73 | 22% | 7% | -3% | $8,335,175,475.20 |
| TEM | Tempest Minerals | 0.039 | -59% | -7% | -3% | $20,190,647.04 |
| LEL | Lithenergy | 0.965 | 40% | 16% | -3% | $44,698,500.00 |
| VMC | Venus Metals Cor Ltd | 0.175 | 3% | 3% | -3% | $28,814,162.94 |
| IGO | IGO Limited | 10.735 | 9% | 7% | -3% | $8,367,809,333.65 |
| VUL | Vulcan Energy | 7.14 | 31% | 0% | -3% | $1,053,514,462.35 |
| DRE | Dreadnought Resources Ltd | 0.066 | 38% | 10% | -3% | $193,030,481.47 |
| CXO | Core Lithium | 1.15 | 23% | 10% | -3% | $2,053,860,623.46 |
| PNN | Power Minerals Ltd | 0.48 | 9% | 4% | -3% | $30,450,848.18 |
| BYH | Bryah Resources Ltd | 0.029 | 16% | -3% | -3% | $6,786,215.25 |
| AZL | Arizona Lithium Ltd | 0.0715 | -19% | -8% | -3% | $177,964,491.51 |
| INF | Infinity Lithium | 0.14 | 19% | 4% | -3% | $60,176,894.57 |
| LPD | Lepidico Ltd | 0.028 | 12% | -7% | -3% | $188,707,974.46 |
| QPM | Queensland Pacific | 0.14 | 22% | 8% | -3% | $226,723,904.00 |
| EVR | Ev Resources Ltd | 0.028 | 12% | -7% | -3% | $26,853,538.06 |
| JRL | Jindalee Resources | 2.49 | -14% | -6% | -3% | $148,037,732.28 |
| RLC | Reedy Lagoon Corp. | 0.0135 | -29% | -25% | -4% | $7,803,976.77 |
| LKE | Lake Resources | 0.8 | 5% | 16% | -4% | $1,153,480,801.98 |
| IMI | Infinitymining | 0.13 | -10% | -4% | -4% | $7,762,500.00 |
| CHR | Charger Metals | 0.51 | 47% | 7% | -4% | $17,267,948.55 |
| GLN | Galan Lithium Ltd | 1.135 | 10% | 1% | -4% | $359,191,247.16 |
| ASN | Anson Resources Ltd | 0.125 | 34% | -4% | -4% | $133,628,603.55 |
| EUR | European Lithium Ltd | 0.075 | 34% | 1% | -4% | $107,990,330.21 |
| MXR | Maximus Resources | 0.049 | 9% | 7% | -4% | $16,213,194.17 |
| NVA | Nova Minerals Ltd | 0.845 | 24% | 14% | -4% | $158,578,010.80 |
| LRS | Latin Resources Ltd | 0.072 | 7% | -5% | -4% | $145,937,557.20 |
| GW1 | Greenwing Resources | 0.23 | 5% | 10% | -4% | $29,579,363.76 |
| ESS | Essential Metals Ltd | 0.44 | 21% | 11% | -4% | $113,384,215.50 |
| LPI | Lithium Pwr Int Ltd | 0.5 | 20% | 12% | -5% | $183,301,045.20 |
| MTM | Mtmongerresources | 0.1 | -17% | -9% | -5% | $3,938,553.47 |
| INR | Ioneer Ltd | 0.5425 | 28% | 5% | -5% | $1,195,513,984.92 |
| MLS | Metals Australia | 0.058 | 16% | 12% | -5% | $34,650,207.65 |
| AKE | Allkem Limited | 11.17 | 9% | 9% | -5% | $7,517,988,833.94 |
| SYA | Sayona Mining Ltd | 0.175 | 13% | -8% | -5% | $1,526,271,255.21 |
| GL1 | Globallith | 1.36 | 16% | 18% | -6% | $230,112,471.20 |
| ADV | Ardiden Ltd | 0.0075 | -6% | 7% | -6% | $21,346,682.85 |
| TYX | Tyranna Res Ltd | 0.03 | 67% | 58% | -6% | $49,035,541.34 |
| DTM | Dart Mining NL | 0.074 | 48% | 19% | -6% | $10,685,552.64 |
| QXR | Qx Resources Limited | 0.029 | 4% | 0% | -6% | $26,640,231.95 |
| RGL | Riversgold | 0.027 | -4% | -4% | -7% | $21,934,903.97 |
| STM | Sunstone Metals Ltd | 0.045 | 2% | -10% | -8% | $127,225,874.53 |
| WCN | White Cliff Min Ltd | 0.011 | 0% | -12% | -8% | $7,843,240.34 |
| BNR | Bulletin Res Ltd | 0.105 | -5% | -13% | -9% | $33,647,976.50 |
| AAJ | Aruma Resources Ltd | 0.056 | -15% | -9% | -10% | $9,731,613.19 |
| AUN | Aurumin | 0.14 | 22% | -10% | -10% | $16,929,604.06 |
| THR | Thor Mining PLC | 0.009 | -10% | -18% | -10% | $10,689,009.73 |
| LIS | Lisenergylimited | 0.69 | 47% | -7% | -11% | $128,583,494.93 |
| AM7 | Arcadia Minerals | 0.13 | -21% | -19% | -16% | $7,238,173.26 |
Only 25 stocks were in the green, 41 were flat and 65 were red.
Who has news out today?
CRR has intersected multiple pegmatite dykes totalling 40.9m in step out hole MF22-116 at its Mavis Lake project in Canada.
“To intercept 40-plus meters of lithium-bearing pegmatites in one hole 80m east of any known occurrences in a previously untested area at Mavis Lake is extremely encouraging,” chairman Robert Martin said.
“The company’s drilling program continues to intersect mineralised pegmatite and show the pegmatites remain open at depth and along a potential strike length of approximately 3km between our Pegmatite 6 and Pegmatite 18 prospects.”
The plan is to continue infill drilling, followed by testing the approximate 3km of potential strike length towards Pegmatite 18.
The first pass ground geological mapping and rock chip sampling program over the recently granted Sisters Lithium Project in WA has identified extensive lithium-tantalum- tin rich pegmatites on the ground.
“Extensive untested soil geochemical anomalies further support for potential of buried pegmatites leaching anomalous lithium values over areas spanning over 3.2km in length by 480m in width over the central portion of E45/5871,” MD George Karageorge says.
He also said the unexpected high-grade lithium-tantalum-tin pegmatites further confirms the high prospectivity of the area to potentially delineate lithium resources close to the nearby Archer Lithium Deposit owned by Global Lithium (ASX:GL1).
MinRex plans to kick off the maiden RC drillhole program to test the extensive stacked pegmatites by the end of August 2022.
CRR and MRR share prices today:
At Stockhead we tell it like it is. While MinRex Resources is a Stockhead advertiser, it did not sponsor this article.
