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Mining
Here are the biggest small cap resources winners in morning trade, Friday March 19.
WA explorer Reedy Lagoon is ambitious.
Not only does it plan to move up the iron ore value chain by producing ‘pig iron’ in WA, but the company also wants to do it with net zero carbon dioxide emissions.
The company calls it Green High Purity Pig Iron (HPPI) – which again proves stonks only go up when they whack the word ‘green’ or ‘hydrogen’ in there.
This HPPI could be made from Burracoppin magnetite using something called ‘HIsmelt’ tech, which could replace all the coal in the smelt process with biochar (produced from biomass).
This means all of the carbon dioxide emissions of the smelt process could be treated as neutralised, the company says.
The HIsmelt smelt process also produces a net excess of green electricity (about 20MW when operating).
Here comes the *insert green hydrogen reference here* quote:
“The excess electricity could potentially be used to produce green hydrogen for use in a first step in the smelt reaction in order to further reduce carbon emissions,” Reedy says.
Tick and tick.
(Up on no news)
Province is up 440 per cent since announcing plans to buy the HyEnergy zero carbon hydrogen project in WA last month.
It is still very early days, but Province is looking to build a commercial scale wind or solar farm, using it to produce green hydrogen. Initial project studies are underway.
The stock will also adopt ESG reporting so it can more easily attract funds from large investors.
(Up on no news)
This newly listed tungsten and lithium explorer is one of analyst Gavin Wendt’s top 5 picks in the ‘Build your own lithium portfolio’ post.
Lithium is flying. Battery grade carbonate and hydroxide prices in China are up 100 per cent and 22 per cent year to date, according to Benchmark Mineral Intelligence.
Meanwhile, the price of ferro-tungsten — an alloy of iron (under 30 per cent) and tungsten (over 70 per cent) — just hit one-year highs on tight supply.
Drilling at Pan Asia’s Khao Soon Tungsten Project (KSTP) in Thailand recently returned a large number of intersections at greater than 0.5 per cent WO3, including 7.5m at 1.22 per cent WO3.
These are peer group leading results, managing director Paul Lock said February 24.
“Further to our results it is pleasing to see the general buoyancy in the APT market, which is the reference price for tungsten,” he says.
“Fastmarkets MB recently reported that the APT price was $25,000-25,500 per tonne, the highest level since 2019.
“According to commentators the market is up due to tightness in the scrap and raw materials market and the demand side of the market is faced with the prospect that several large Chinese and Russian mines are reaching the end of their respective lives.
“We believe Khao Soon will be one of the few new tungsten projects with the potential to work in the current price environment.”
(Up on no news)
The explorer has a collection of early stage WA projects prospective for gold, PGEs, rare earths, and lithium-caesium-tantalum mineralisation.
News flow in 2021 has been thin, but maiden drilling at the small Twin Hills gold project in late Feb pulled up decent intercepts like 8m at 2.66g/t gold from 40m (including 4m at 3.62g/t Au from 44m).
A ‘Program of Work’s application has been lodged for priority follow-up RC drilling, the company says.
(Up on no news)
This lithium/nickel-copper-PGE explorer has bolted out of the gate in 2021, gaining ~221 per cent year-to-date.
Its main game is the advanced Paradox lithium brine project in the United States, which is ostensibly benefitting from the Biden administration’s strong focus on building a local battery materials supply chain.
Recent testing suggests the quality of Anson’s lithium works better than the “commercially available Tier 1 products currently used in the production of high-performance lithium-ion batteries”, the explorer says.
Due to the success of the initial test work and its findings, Anson is proceeding with a larger bulk sample test work program over the next several months.
The final test report should be provided in Q2 2021, it says.
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