High Voltage: UK lithium play turns to crowdfunding… and it’s actually working
Mining
Mining
Each week our High Voltage column wraps all the news driving ASX battery metals stocks with exposure to lithium, cobalt, graphite, manganese and vanadium.
Early stage explorer Cornish Lithium wants to extract lithium from geothermal brines in the historic UK mining district of Cornwall.
The company was established after a friend mentioned that that geothermal fluids were a big problem for ye olde miners in Cornwall. After some research (aka googling), company founders discovered historical mining records showing that this water was lithium-enriched:
The data suggests that there is potentially lithium-bearing geothermal fluids across a large area of Cornwall, the company says.
Scroll down for this week’s battery metals winners and losers >>
Fascinating stuff, but it gets interesting(er).
After raising about $4.45m from private backers, Cornish Lithium became the first British miner to launch a crowdfunding campaign. It wanted to raise another ~$1.8m towards exploration costs.
And as of right now, the private company has raised over $1m from 267 investors with 26 days remaining.
In an increasingly risk averse investment environment, maybe crowdfunding could be another option for cash strapped exploration juniors with a great story to tell.
Of the battery metals players on our list, 51 advanced, 44 remained steady and 57 lost ground this past week.
With the gold price on the up-and-up, Ardiden (ASX:ADV) has decided now would be a good time to get busy on its gold assets in Canada. But it is also advancing discussions with potential strategic partners for the Seymour Lake lithium project.
Result? Best of both worlds for Ardiden, which was up 33 per cent over the past week.
Dart Mining (ASX:DTM) is another explorer with a dual gold-lithium focus.
Last week, the Victoria-based company told investors that pending and approved tenements now totalled some 3350 sq km, with 1830 sq km targeting gold, 580 sq km targeting lithium and 940 sq km targeting porphyry style mineralisation. The ~$4m market cap stock was up 25 per cent for the week.
And Mali Lithium (ASX:MLL) — formerly Birimian — is close to getting the all-important exploitation permit for its large, long life Goulamina project in Mali.
The application, submitted in early April 2019, has passed technical review and is now in front of the Minister of Mines for assessment and sign off.
It also appointed Lycopodium to compete a DFS on the project, another crucial step towards production. The advanced explorer received a 14 per cent boost for the week.
Also up on no news were graphite play Metals Australia (ASX:MLS) (+33 per cent), lithium-cobalt-base metals explorer Traka Resources (ASX:TKL) (+25 per cent), and nickel-cobalt focussed White Cliff Minerals (ASX:WCN) (+25 per cent).
Here’s a table of ASX battery metal stocks with exposure to lithium, cobalt, graphite, manganese and vanadium>>>
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.
Code | Name | Price [ July 15 intraday] | 1 Week Return % | 1 Year Return % | Market Cap |
---|---|---|---|---|---|
4CE | FORCE COMMODITIES | 0.018 | 64 | -65 | $9,268,095.00 |
ADV | ARDIDEN | 0.003 | 33 | -71 | $5,071,560.50 |
MLS | METALS AUSTRALIA | 0.002 | 33 | -60 | $5,854,395.50 |
BSX | BLACKSTONE MINERALS | 0.11 | 29 | -41 | $15,295,477.00 |
MCT | METALICITY | 0.009 | 29 | -59 | $5,619,802.50 |
GBE | GLOBE METALS AND MINING | 0.02 | 27 | 36 | $6,988,835.50 |
TKL | TRAKA RESOURCES | 0.015 | 25 | -58 | $5,556,944.50 |
WCN | WHITE CLIFF MINERALS | 0.005 | 25 | -92 | $1,646,224.63 |
DTM | DART MINING | 0.005 | 25 | -38 | $4,045,504.50 |
VRC | VOLT RESOURCES | 0.02 | 22 | 16 | $32,479,126.00 |
BPL | BROKEN HILL PROSPECTING | 0.02 | 18 | -76 | $2,514,017.75 |
HGM | HIGH GRADE METALS | 0.008 | 14 | -83 | $3,623,503.00 |
MLL | MALI LITHIUM | 0.17 | 14 | -68 | $42,321,620.00 |
MQR | MARQUEE RESOURCES | 0.135 | 13 | -58 | $5,343,035.50 |
PAN | PANORAMIC RESOURCES | 0.325 | 13 | -43 | $174,378,480.00 |
CZR | COZIRON RESOURCES | 0.009 | 13 | -40 | $16,069,961.00 |
HIP | HIPO RESOURCES | 0.009 | 13 | -64 | $3,478,594.00 |
COB | COBALT BLUE | 0.155 | 12 | -78 | $21,735,866.00 |
KOR | KORAB RESOURCES | 0.029 | 12 | 12 | $8,870,386.00 |
PGM | PLATINA RESOURCES | 0.048 | 11 | -41 | $11,357,428.00 |
CUL | CULLEN RESOURCES | 0.01 | 11 | -52 | $1,694,648.25 |
AVZ | AVZ MINERALS | 0.052 | 11 | -50 | $118,934,320.00 |
GPX | GRAPHEX MINING | 0.25 | 11 | 13 | $22,917,754.00 |
LPI | LITHIUM POWER INTERNATIONAL | 0.315 | 11 | 7 | $81,379,312.00 |
CLQ | CLEAN TEQ | 0.37 | 10 | -52 | $264,993,376.00 |
HNR | HANNANS | 0.011 | 10 | -21 | $19,879,546.00 |
ARE | ARGONAUT RESOURCES | 0.005 | 10 | -73 | $8,549,093.00 |
SYR | SYRAH RESOURCES | 0.96 | 10 | -66 | $372,379,616.00 |
LTR | LIONTOWN RESOURCES | 0.1175 | 10 | 329 | $161,635,440.00 |
IRC | INTERMIN RESOURCES | 0.115 | 10 | -32 | $51,357,024.00 |
MZZ | MATADOR MINING | 0.29 | 9 | -17 | $23,837,334.00 |
INR | IONEER | 0.18 | 9 | -47 | $235,997,360.00 |
LKE | LAKE RESOURCES | 0.086 | 9 | -22 | $42,038,240.00 |
GME | GME RESOURCES | 0.05 | 9 | -63 | $25,312,146.00 |
NWC | NEW WORLD COBALT | 0.013 | 8 | -79 | $10,809,735.00 |
SVM | SOVEREIGN METALS | 0.125 | 8 | 46 | $48,501,944.00 |
MNS | MAGNIS ENERGY TECHNOLOGIES | 0.22 | 7 | -39 | $137,505,600.00 |
VMC | VENUS METALS | 0.155 | 7 | 5 | $16,418,547.00 |
ARL | ARDEA RESOURCES | 0.41 | 7 | -45 | $39,804,536.00 |
KAI | KAIROS MINERALS | 0.016 | 7 | -52 | $13,636,365.00 |
NZC | NZURI COPPER | 0.325 | 5 | 41 | $96,169,288.00 |
PIO | PIONEER RESOURCES | 0.012 | 4 | -43 | $18,089,102.00 |
AGY | ARGOSY MINERALS | 0.079 | 4 | -60 | $75,073,160.00 |
JMS | JUPITER MINES | 0.35 | 3 | 15 | $685,646,848.00 |
INF | INFINITY LITHIUM | 0.068 | 3 | -9 | $14,731,977.00 |
POS | POSEIDON NICKEL | 0.038 | 3 | 0 | $100,422,672.00 |
SUH | SOUTHERN HEMISPHERE MINING | 0.04 | 3 | -33 | $3,538,778.75 |
CXO | CORE LITHIUM | 0.041 | 3 | -11 | $33,051,550.00 |
SRK | STRIKE RESOURCES | 0.085 | 2 | -9 | $7,121,379.00 |
SO4 | SALT LAKE POTASH | 0.75 | 1 | 40 | $183,853,392.00 |
BKT | BLACK ROCK MINING | 0.087 | 1 | 110 | $50,942,924.00 |
SI6 | SIX SIGMA METALS | 0.0045 | 0 | -68 | $2,247,512.50 |
AEE | AURA ENERGY | 0.011 | 0 | -48 | $13,462,805.00 |
THR | THOR MINING | 0.015 | 0 | -52 | $11,503,056.00 |
SYA | SAYONA MINING | 0.008 | 0 | -83 | $13,780,595.00 |
LRS | LATIN RESOURCES | 0.001 | 0 | -88 | $3,892,466.50 |
AML | AEON METALS | 0.205 | 0 | -42 | $141,344,640.00 |
BUX | BUXTON RESOURCES | 0.11 | 0 | -27 | $14,285,820.00 |
HXG | HEXAGON RESOURCES | 0.098 | 0 | -50 | $30,637,256.00 |
TAR | TARUGA MINERALS | 0.026 | 0 | -88 | $3,670,348.25 |
POW | PROTEAN ENERGY | 0.009 | 0 | -73 | $2,802,935.25 |
VML | VITAL METALS | 0.013 | 0 | 44 | $20,911,336.00 |
AVL | AUSTRALIAN VANADIUM | 0.014 | 0 | -71 | $29,607,656.00 |
CAZ | CAZALY RESOURCES | 0.023 | 0 | -52 | $6,620,830.00 |
RLC | REEDY LAGOON | 0.004 | 0 | -69 | $1,609,086.88 |
BDI | BLINA MINERALS | 0.001 | 0 | -33 | $4,543,882.50 |
CGM | COUGAR METALS | 0.001 | 0 | -80 | $1,176,583.25 |
SBR | SABRE RESOURCES | 0.004 | 0 | -73 | $1,627,894.38 |
LCD | LATITUDE CONSOLIDATED | 0.015 | 0 | -55 | $4,127,685.00 |
LPD | LEPIDICO | 0.026 | 0 | -27 | $97,180,304.00 |
AUZ | AUSTRALIAN MINES | 0.02 | 0 | -76 | $61,668,132.00 |
ANW | AUS TIN MINING | 0.009 | 0 | -40 | $19,578,278.00 |
MRR | MINREX RESOURCES | 0.012 | 0 | -70 | $1,150,532.75 |
AZI | ALTA ZINC | 0.003 | 0 | -45 | $5,464,903.00 |
PSM | PENINSULA MINES | 0.003 | 0 | -70 | $3,038,616.25 |
FEL | FE | 0.016 | 0 | -33 | $7,312,559.00 |
CHK | COHIBA MINERALS | 0.012 | 0 | 50 | $7,310,756.50 |
IEC | INTRA ENERGY CORP | 0.015 | 0 | 40 | $5,428,136.50 |
PNN | PEPINNINI LITHIUM | 0.003 | 0 | -84 | $3,714,035.25 |
CFE | CAPE LAMBERT RESOURCES | 0.011 | 0 | -68 | $12,239,133.00 |
CMC | CHINA MAGNESIUM CORP | 0.011 | 0 | -39 | $5,086,824.00 |
KSN | KINGSTON RESOURCES | 0.014 | 0 | -48 | $20,376,560.00 |
MTB | MOUNT BURGESS MINING | 0.002 | 0 | -75 | $970,258.81 |
KDR | KIDMAN RESOURCES | 1.905 | 0 | 13 | $765,067,072.00 |
NXE | NEW ENERGY MINERALS | 0.019 | 0 | -88 | $3,017,908.75 |
GPP | GREENPOWER ENERGY | 0.002 | 0 | -67 | $3,886,414.25 |
GED | GOLDEN DEEPS | 0.029 | 0 | -47 | $6,150,343.00 |
RIE | RIEDEL RESOURCES | 0.009 | 0 | -84 | $3,762,627.25 |
AYR | ALLOY RESOURCES | 0.002 | 0 | -75 | $3,386,555.25 |
WKT | WALKABOUT RESOURCES | 0.39 | 0 | 192 | $113,987,248.00 |
DHR | DARK HORSE RESOURCES | 0.004 | 0 | -76 | $6,073,864.50 |
SRN | SUREFIRE RESOURCES | 0.004 | 0 | -79 | $1,509,460.88 |
KTA | KRAKATOA RESOURCES | 0.02 | 0 | -20 | $2,565,000.00 |
RMX | RED MOUNTAIN MINING | 0.004 | 0 | -50 | $3,112,147.00 |
ORE | OROCOBRE | 2.65 | 0 | -51 | $732,698,624.00 |
LIT | LITHIUM AUSTRALIA | 0.054 | -2 | -45 | $25,327,154.00 |
MIN | MINERAL RESOURCES | 15.11 | -2 | -2 | $2,868,503,296.00 |
GXY | GALAXY RESOURCES | 1.295 | -2 | -60 | $521,911,488.00 |
NMT | NEOMETALS | 0.21 | -2 | -25 | $117,054,216.00 |
CLA | CELSIUS RESOURCES | 0.032 | -3 | -76 | $24,988,196.00 |
PLS | PILBARA MINERALS | 0.4825 | -3 | -55 | $925,710,208.00 |
JRL | JINDALEE RESOURCES | 0.385 | -3 | 27 | $13,298,014.00 |
BEM | BLACKEARTH MINERALS | 0.061 | -3 | -36 | $5,224,006.50 |
CRL | COMET RESOURCES | 0.03 | -3 | -32 | $8,325,000.00 |
CHN | CHALICE GOLD MINES | 0.135 | -3 | 29 | $37,319,540.00 |
BOA | BOADICEA RESOURCES | 0.14 | -3 | 40 | $7,398,324.00 |
MEI | METEORIC RESOURCES | 0.023 | -4 | -15 | $21,336,080.00 |
BAR | BARRA RESOURCES | 0.022 | -4 | -51 | $11,855,596.00 |
AJM | ALTURA MINING | 0.115 | -4 | -69 | $233,800,880.00 |
TNG | TNG | 0.1 | -5 | -16 | $113,097,000.00 |
JRV | JERVOIS MINING | 0.21 | -5 | -39 | $57,416,596.00 |
NVA | NOVA MINERALS | 0.02 | -5 | -29 | $15,982,683.00 |
HWK | HAWKSTONE MINING | 0.02 | -5 | -42 | $13,806,360.00 |
EMH | EUROPEAN METALS | 0.4 | -5 | -5 | $56,457,256.00 |
TON | TRITON MINERALS | 0.056 | -5 | -10 | $52,846,876.00 |
E25 | ELEMENT 25 | 0.18 | -5 | -10 | $16,543,309.00 |
MLM | METALLICA MINERALS | 0.018 | -5 | -53 | $6,156,901.00 |
PM1 | PURE MINERALS | 0.018 | -5 | 29 | $7,388,180.00 |
SEI | SPECIALITY METALS INTERNATIONAL | 0.03 | -6 | 42 | $23,943,236.00 |
TMT | TECHNOLOGY METALS AUSTRALIA | 0.215 | -7 | -65 | $20,575,230.00 |
WML | WOOMERA MINING | 0.028 | -7 | -75 | $3,155,724.00 |
CNJ | CONICO | 0.01 | -7 | -69 | $3,517,582.50 |
OMH | OM HOLDINGS | 0.8 | -8 | -33 | $583,512,448.00 |
AXE | ARCHER EXPLORATION | 0.11 | -8 | 5 | $20,694,638.00 |
LI3 | LITHIUM CONSOLIDATED | 0.055 | -8 | -50 | $5,187,716.50 |
AMD | ARROW MINERALS | 0.01 | -9 | -57 | $3,715,406.00 |
RNU | RENASCOR RESOURCES | 0.019 | -10 | -10 | $21,915,062.00 |
PLL | PIEDMONT LITHIUM | 0.14 | -10 | -20 | $122,307,056.00 |
PSC | PROSPECT RESOURCES | 0.18 | -10 | -40 | $42,471,316.00 |
N27 | NORTHERN COBALT | 0.036 | -10 | -80 | $2,508,372.75 |
ASN | ANSON RESOURCES | 0.047 | -10 | -71 | $25,848,204.00 |
BSM | BASS METALS | 0.009 | -11 | -72 | $25,288,872.00 |
IDA | INDIANA RESOURCES | 0.022 | -12 | -58 | $2,843,877.00 |
FGR | FIRST GRAPHENE | 0.235 | -12 | 16 | $102,635,560.00 |
HAV | HAVILAH RESOURCES | 0.14 | -13 | -44 | $31,646,112.00 |
BAT | BATTERY MINERALS | 0.015 | -13 | -56 | $18,453,282.00 |
ZNC | ZENITH MINERALS | 0.076 | -13 | -60 | $15,744,397.00 |
MTC | METALSTECH | 0.013 | -13 | -89 | $1,637,354.38 |
GLN | GALAN LITHIUM | 0.16 | -14 | -58 | $21,340,156.00 |
TLG | TALGA RESOURCES | 0.45 | -14 | -30 | $95,702,808.00 |
KNL | KIBARAN RESOURCES | 0.12 | -14 | -14 | $33,651,412.00 |
EUC | EUROPEAN COBALT | 0.018 | -14 | -68 | $12,948,855.00 |
TNO | TANDO RESOURCES | 0.075 | -15 | -63 | $15,333,148.00 |
BYH | BRYAH RESOURCES | 0.075 | -16 | -46 | $4,784,288.00 |
LML | LINCOLN MINERALS | 0.005 | -17 | -79 | $3,449,902.00 |
MTH | MITHRIL RESOURCES | 0.005 | -17 | -58 | $2,534,335.25 |
DGR | DGR GLOBAL | 0.099 | -18 | 10 | $61,318,188.00 |
SVD | SCANDIVANADIUM | 0.009 | -18 | -64 | $3,166,795.00 |
PUR | PURSUIT MINERALS | 0.009 | -18 | -90 | $2,676,328.00 |
DEV | DEVEX RESOURCES | 0.05 | -23 | -31 | $7,983,034.50 |
CZN | CORAZON MINING | 0.002 | -33 | -78 | $4,076,721.50 |
MZN | MARINDI METALS | 0.001 | -50 | -90 | $2,132,371.00 |