In Case You Missed It: Lithium tech deals and a base metals resource update

Stockhead’s In-Case-You-Missed-It highlights some strongest performing ASX stocks that might have slipped your notice today.

It’s a short, sharp update to help frame the trading day by showing some of the biggest movers in percentage terms.

ICYMI Leader Board

Stocks highlighted in blue have made market-moving announcements (click headings to sort).

RML	Resolution Minerals	0.006	20%	$6,286,459
RR1	Reach Resources Ltd	0.013	18%	$34,705,557
GRE	Greentechmetals	0.51	16%	$24,902,044
VAR	Variscan Mines Ltd	0.015	15%	$4,394,047
YPB	YPB Group Ltd	0.004	14%	$2,602,115
BSN	Basinenergylimited	0.13	13%	$6,903,450
ADX	ADX Energy Ltd	0.009	13%	$28,881,710
MHC	Manhattan Corp Ltd	0.009	13%	$23,490,230
AW1	Americanwestmetals	0.325	12%	$101,290,404
RBX	Resource B	0.175	9%	$13,229,518
GSM	Golden State Mining	0.047	9%	$8,216,796
MEK	Meeka Metals Limited	0.049	9%	$49,599,402
PWN	Parkway Corp Ltd	0.013	8%	$26,721,826
RDN	Raiden Resources Ltd	0.013	8%	$24,663,227
EZZ	EZZ Life Science	0.74	8%	$29,252,925
CUF	Cufe Ltd	0.014	8%	$12,559,461
LYN	Lycaonresources	0.28	8%	$10,118,875
CWX	Carawine Resources	0.15	7%	$27,554,446
G88	Golden Mile Res Ltd	0.047	7%	$14,493,138
NIS	Nickelsearch	0.064	7%	$5,737,823
VTM	Victory Metals Ltd	0.245	7%	$18,606,921
ASN	Anson Resources Ltd	0.17	6%	$203,283,770
QXR	Qx Resources Limited	0.035	6%	$29,596,457
WA8	Warriedarresourltd	0.095	6%	$38,795,293
KAU	Kaiser Reef	0.19	6%	$26,617,901
AGN	Argenica	0.4	5%	$37,677,312
MME	Moneyme Limited	0.0705	5%	$53,605,258
SVM	Sovereign Metals	0.525	5%	$276,985,308
EM2	Eagle Mountain	0.11	5%	$32,021,521
ARU	Arafura Rare Earths	0.2825	5%	$570,608,467
MTM	MTM Critical Metals	0.068	5%	$6,308,037
HRE	Heavy Rare Earths	0.115	5%	$6,543,672
MAU	Magnetic Resources	0.81	5%	$183,639,377
PFE	Panteraminerals	0.075	4%	$5,652,081
MKG	Mako Gold	0.026	4%	$14,400,205
M2R	Miramar	0.052	4%	$5,546,340
ANX	Anax Metals Ltd	0.057	4%	$22,516,715
CR9	Corellares	0.03	3%	$13,487,636
DEG	De Grey Mining	1.38	3%	$2,084,673,595
SUM	Summitminerals	0.16	3%	$5,165,770
DEV	Devex Resources Ltd	0.325	3%	$116,795,251
TPD	Talon Energy Ltd	0.17	3%	$103,528,902
STK	Strickland Metals	0.042	2%	$65,608,351
VR1	Vection Technologies	0.043	2%	$47,316,737
BRX	Belararoxlimited	0.315	2%	$15,969,346
QHL	Quickstep Holdings	0.325	2%	$22,952,388
LM1	Leeuwin Metals Ltd	0.345	1%	$15,226,900
AZS	Azure Minerals	2.69	1%	$1,038,027,952
CEL	Challenger Gold Ltd	0.09	1%	$106,076,011
INR	Ioneer Ltd	0.2825	1%	$590,635,581

Lithium Australia (ASX:LIT) has inked a joint development agreement with big-gun miner Mineral Resources (ASX:MIN), in a deal that’s related to the disruptive LieNA lithium extraction technology.

MinRes will solely fund the development and operation of a pilot plant up to the total budgeted cost of $4.5 million and provide raw materials for the pilot plant at no cost to Lithium Australia, with Lithium Australia to contribute its LieNA technology.

A 50:50 joint venture to own and commercialise the LieNA technology through a licensing model is also potentially on the table.

What’s the LieNA tech do? It’s complicated but it essentially enables the recovery of lithium from fine and low-grade spodumene that would otherwise be disposed of as waste.

Galena Mining’s (ASX:G1A) Abra base metals mine in WA has updated its Mineral Resource Estimate to 33.4Mt at 7.1% lead and 17g/t silver, which includes 0.3Mt at 7.3% Pb and 32g/t Ag (measured), 16.2Mt at 7.3% Pb and 19g/t Ag (indicated) and 16.9Mt at 6.9% Pb and 15g/t Ag (inferred).

“The updated Abra MRE reflects substantial work achieved at Abra over the last 12-months, greatly improving the understanding of the deposit,” MD Tony James said.

“The Resource update work also confirms that mining and processing grades seen during Abra’s commissioning and ramp-up, which is dominated by mine development, are not representative of the total MRE at Abra.”

Variscan Mines (ASX:VAR) has confirmed the continuity of high-grade mineralisation extending south-west from the San Jose zinc mine in Spain.

Specifically, the finds have been made on the 9km Novales-Udias trend, with the extension being revealed via new data collated by Variscan Mines. The extension upshot is 131 historical drillholes for 7,398 metres.

According to Variscan, the new results “materially enlarge” the company’s drillhole database at the mine, which now consists of: 1,114 drill-holes for 95,553 metres.

Variscan managing director Stewart Dickson said, “This additional drill-hole data shines an even brighter light on the upside potential to the south west of the San Jose Mine.

ADX Energy (ASX:ADX) has entered into an investment agreement with MND Austria to accelerate the development of the Anshof field (in Austria).

MND will pay up to EUR 11.52 million to earn a 30% economic interest in the Anshof Field area, which has an independently assessed 2P reserves base of 5.2 million BOE which can “deliver significant cashflow with the drilling of further wells,” the company said.

And lastly, American West Metals (ASX:AW1) has flagged two more “exceptional” discoveries at its Storm copper project in Canada, with diamond drill hole ST23-03 encountering a new near-surface zone of mineralisation along with a deeper sediment-hosted copper system in an underexplored area of the project.

At Stockhead we tell it like it is. While Variscan Mines, ADX Energy and American West Metals are Stockhead advertisers, they did not sponsor this article.