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Mining
All your lithium news, Tuesday October 4.
An ongoing, never-ending surge in demand for materials needed for low-emissions technology such as batteries, solar panels and electric vehicles is pushing revenues to new highs and the stand out commodity remains lithium.
As Stockhead’s senior resources journalist, Josh Chiat, mentioned this morning – the value of Australia’s lithium industry is expected to climb from a little under $5 billion in FY22 to almost $14 billion in FY23.
That represents a ten-fold increase in just two years, the Government’s Resources and Energy Quarterly highlighted, from $1.1 billion in 2020-2021.
“Lithium export volumes are expected to grow steadily as Australia maintains its position as the world’s largest lithium miner,” the report said.
Australia is poised to grab a fifth of the world’s lithium hydroxide refining capacity within five years as demand grows for battery metals that bypass China, Canberra said in a report https://t.co/okCFLoISSQ
— Bloomberg (@business) October 4, 2022
In other big news, Sayona Mining (ASX:SYA) has kick started a pre-feasibility study at the North American Lithium (NAL) operation in Quebec, Canada to look into the potential for lithium carbonate or hydroxide production.
The PFS forms part of SYA’s and joint venture partner Piedmont Lithium’s (ASX:PLL) contribution to the province’s electrification drive with production set to begin in Q1 2023.
In an announcement which saw SYA’s shares fly some 11.11% this morning, SYA managing director Brett Lynch said moving downstream has always been the plan for the company to enable a significant increase in profitability.
| CODE | COMPANY | PRICE | % TODAY | % WEEK | % MONTH | % YEAR | MARKET CAP |
|---|---|---|---|---|---|---|---|
| CY5 | Cygnus Gold Limited | 0.34 | 36% | 62% | 13% | 172% | $36,796,329 |
| EFE | Eastern Resources | 0.038 | 27% | 31% | 27% | 9% | $30,274,901 |
| LRV | Larvottoresources | 0.205 | 21% | 8% | -9% | 0% | $7,060,525 |
| RMX | Red Mount Min Ltd | 0.006 | 20% | 0% | -14% | -33% | $8,211,819 |
| 1MC | Morella Corporation | 0.0225 | 13% | 2% | -10% | -64% | $116,031,116 |
| SHH | Shree Minerals Ltd | 0.009 | 13% | 0% | 13% | -10% | $9,907,895 |
| AS2 | Askarimetalslimited | 0.33 | 12% | 20% | 3% | 50% | $13,377,379 |
| SYA | Sayona Mining Ltd | 0.25 | 11% | 14% | -2% | 43% | $1,869,559,978 |
| MM1 | Midasmineralsltd | 0.21 | 11% | 5% | 2% | 14% | $10,855,035 |
| PSC | Prospect Res Ltd | 0.11 | 10% | 36% | 11% | 411% | $46,225,946 |
| FRS | Forrestaniaresources | 0.18 | 9% | 0% | 20% | -42% | $7,063,865 |
| ASN | Anson Resources Ltd | 0.305 | 9% | 3% | -2% | 255% | $328,761,375 |
| GLN | Galan Lithium Ltd | 1.2 | 8% | 1% | -2% | 23% | $338,072,568 |
| CHR | Charger Metals | 0.485 | 8% | 1% | 3% | -2% | $19,622,716 |
| PLS | Pilbara Min Ltd | 4.9 | 8% | 11% | 38% | 153% | $13,580,544,828 |
| M2R | Miramar | 0.098 | 8% | 3% | -11% | -51% | $5,840,986 |
| ZEO | Zeotech Limited | 0.042 | 8% | 2% | -16% | -53% | $62,966,781 |
| AAJ | Aruma Resources Ltd | 0.058 | 7% | 4% | -17% | -35% | $8,475,921 |
| AKE | Allkem Limited | 14.145 | 7% | 2% | 7% | 70% | $8,404,333,573 |
| MLS | Metals Australia | 0.044 | 7% | 5% | -14% | 120% | $24,888,484 |
| CAI | Calidus Resources | 0.545 | 7% | 7% | -3% | 0% | $223,268,670 |
| PAM | Pan Asia Metals | 0.39 | 7% | 3% | -9% | -13% | $26,980,888 |
| NVA | Nova Minerals Ltd | 0.66 | 6% | -14% | -27% | -45% | $113,869,991 |
| QXR | Qx Resources Limited | 0.052 | 6% | 53% | 79% | 206% | $42,108,754 |
| PLL | Piedmont Lithium Inc | 0.875 | 6% | 10% | 5% | 21% | $435,245,910 |
| LPI | Lithium Pwr Int Ltd | 0.535 | 6% | 4% | -7% | 67% | $197,556,569 |
| CXO | Core Lithium | 1.1225 | 6% | -11% | -13% | 170% | $1,841,427,077 |
| OCN | Oceanalithiumlimited | 0.55 | 6% | 9% | -10% | 0% | $17,433,000 |
| WR1 | Winsome Resources | 0.37 | 6% | 37% | 40% | 0% | $47,289,898 |
| LNR | Lanthanein Resources | 0.038 | 6% | -5% | -37% | 124% | $34,661,721 |
| LRS | Latin Resources Ltd | 0.097 | 5% | 3% | -12% | 120% | $181,010,776 |
| VUL | Vulcan Energy | 7.45 | 5% | 1% | 0% | -42% | $1,013,380,578 |
| LEL | Lithenergy | 0.7 | 5% | -14% | -26% | 17% | $39,999,750 |
| A8G | Australasian Metals | 0.3 | 5% | 3% | 15% | -28% | $11,733,591 |
| LLL | Leolithiumlimited | 0.5575 | 5% | -4% | 4% | 0% | $522,928,163 |
| CRR | Critical Resources | 0.061 | 5% | -14% | 42% | 165% | $86,420,884 |
| AGY | Argosy Minerals Ltd | 0.51 | 5% | 3% | 42% | 168% | $664,081,094 |
| LTR | Liontown Resources | 1.53 | 5% | 3% | -6% | 13% | $3,195,813,434 |
| PNN | Power Minerals Ltd | 0.4625 | 5% | -3% | -6% | 11% | $31,749,095 |
| TYX | Tyranna Res Ltd | 0.042 | 5% | -11% | 24% | 600% | $95,957,013 |
| GL1 | Globallith | 2.15 | 5% | -5% | 27% | 444% | $325,331,425 |
| GSM | Golden State Mining | 0.043 | 5% | -7% | -23% | -68% | $4,797,582 |
| ESS | Essential Metals Ltd | 0.44 | 5% | 2% | 4% | 175% | $104,174,191 |
| MRR | Minrex Resources Ltd | 0.044 | 5% | -4% | -12% | 175% | $45,484,570 |
| EPM | Eclipse Metals | 0.022 | 5% | 5% | 0% | -59% | $42,509,394 |
| BNR | Bulletin Res Ltd | 0.115 | 5% | 0% | -15% | 69% | $32,185,021 |
| IGO | IGO Limited | 14.44 | 4% | 6% | 15% | 68% | $10,465,441,176 |
| EMH | European Metals Hldg | 0.72 | 4% | -4% | 1% | -46% | $82,619,547 |
| EVR | Ev Resources Ltd | 0.025 | 4% | -4% | -11% | -26% | $22,223,618 |
| TUL | Tulla Resources | 0.4575 | 4% | 5% | -6% | 14% | $70,495,424 |
| LIS | Lisenergylimited | 0.525 | 4% | -3% | -1% | -72% | $83,786,664 |
| MIN | Mineral Resources. | 68.76 | 4% | 10% | 17% | 65% | $12,540,578,548 |
| QPM | Queensland Pacific | 0.135 | 4% | 0% | -4% | -49% | $204,322,707 |
| EMS | Eastern Metals | 0.14 | 4% | 0% | 12% | 0% | $5,218,594 |
| MNS | Magnis Energy Tech | 0.3725 | 3% | -4% | -22% | 15% | $349,319,334 |
| LKE | Lake Resources | 0.925 | 3% | 2% | -13% | 57% | $1,244,026,470 |
| KTA | Krakatoa Resources | 0.064 | 3% | 3% | 3% | -9% | $21,372,015 |
| KAI | Kairos Minerals Ltd | 0.033 | 3% | 0% | 18% | 10% | $62,850,992 |
| NWM | Norwest Minerals | 0.035 | 3% | -8% | -44% | -53% | $7,551,651 |
| RGL | Riversgold | 0.035 | 3% | -3% | 3% | 43% | $26,356,458 |
| CZL | Cons Zinc Ltd | 0.0185 | 3% | -12% | -20% | -31% | $8,332,586 |
| AZL | Arizona Lithium Ltd | 0.079 | 3% | 1% | -4% | 84% | $185,564,268 |
| RIO | Rio Tinto Limited | 95.25 | 2% | 9% | 6% | -2% | $34,560,229,523 |
| WES | Wesfarmers Limited | 43.75 | 2% | -1% | -6% | -17% | $48,528,362,358 |
| NMT | Neometals Ltd | 1.16 | 2% | 3% | -12% | 35% | $626,913,287 |
| IMI | Infinitymining | 0.24 | 2% | 20% | 20% | 0% | $13,512,500 |
| AM7 | Arcadia Minerals | 0.275 | 2% | -5% | 6% | 45% | $12,608,431 |
| RDT | Red Dirt Metals Ltd | 0.58 | 2% | -1% | -2% | -13% | $189,237,619 |
| AOU | Auroch Minerals Ltd | 0.061 | 2% | -9% | -10% | -64% | $22,266,708 |
| GW1 | Greenwing Resources | 0.35 | 1% | -14% | 25% | 17% | $43,210,335 |
| GT1 | Greentechnology | 0.72 | 1% | -3% | 7% | 0% | $135,424,259 |
| SCN | Scorpion Minerals | 0.08 | 1% | 5% | 1% | 45% | $26,214,664 |
| JRL | Jindalee Resources | 2.25 | 1% | -2% | -14% | 2% | $127,955,094 |
| AVZ | AVZ Minerals Ltd | 0.78 | 0% | 0% | 0% | 129% | $2,752,409,203 |
| EUR | European Lithium Ltd | 0.078 | 0% | 5% | -8% | -26% | $109,218,656 |
| INF | Infinity Lithium | 0.19 | 0% | 12% | 9% | 58% | $79,042,483 |
| INR | Ioneer Ltd | 0.605 | 0% | 7% | -2% | -6% | $1,269,371,116 |
| LIT | Lithium Australia | 0.055 | 0% | 0% | -27% | -52% | $67,080,377 |
| LPD | Lepidico Ltd | 0.021 | 0% | -9% | -28% | 0% | $136,651,016 |
| RLC | Reedy Lagoon Corp. | 0.015 | 0% | 15% | -6% | -35% | $8,361,404 |
| TKL | Traka Resources | 0.007 | 0% | 0% | 0% | -46% | $4,821,422 |
| TON | Triton Min Ltd | 0.022 | 0% | 10% | -21% | -37% | $30,421,252 |
| AX8 | Accelerate Resources | 0.035 | 0% | -3% | -8% | -15% | $9,466,061 |
| BYH | Bryah Resources Ltd | 0.026 | 0% | -10% | -10% | -54% | $7,260,590 |
| DTM | Dart Mining NL | 0.071 | 0% | -11% | -35% | -43% | $10,991,521 |
| FG1 | Flynngold | 0.105 | 0% | -13% | 6% | -40% | $6,726,410 |
| MMC | Mitremining | 0.16 | 0% | -6% | 23% | -37% | $4,333,616 |
| RAG | Ragnar Metals Ltd | 0.025 | 0% | -34% | -26% | -36% | $9,479,622 |
| TMB | Tambourahmetals | 0.155 | 0% | 3% | 11% | -24% | $6,384,853 |
| TSC | Twenty Seven Co. Ltd | 0.002 | 0% | 0% | 14% | -43% | $10,041,254 |
| WML | Woomera Mining Ltd | 0.015 | 0% | 0% | 0% | -28% | $10,302,496 |
| MTM | Mtmongerresources | 0.11 | 0% | -19% | -21% | -35% | $4,126,104 |
| AZI | Altamin Limited | 0.083 | 0% | 4% | -13% | 4% | $32,512,490 |
| ENT | Enterprise Metals | 0.011 | 0% | -8% | 22% | -21% | $7,182,788 |
| STM | Sunstone Metals Ltd | 0.034 | 0% | -11% | -24% | 42% | $88,279,178 |
| MQR | Marquee Resource Ltd | 0.06 | 0% | 5% | -17% | -13% | $18,937,055 |
| SRZ | Stellar Resources | 0.015 | 0% | 25% | 0% | -52% | $15,069,464 |
| LSR | Lodestar Minerals | 0.006 | 0% | -14% | -14% | -33% | $10,430,624 |
| AOA | Ausmon Resorces | 0.008 | 0% | 0% | -11% | 14% | $6,858,315 |
| VKA | Viking Mines Ltd | 0.007 | 0% | 0% | -13% | -56% | $7,176,809 |
| IPT | Impact Minerals | 0.007 | 0% | 0% | -13% | -52% | $17,369,594 |
| SRI | Sipa Resources Ltd | 0.048 | 0% | -4% | 7% | -14% | $9,841,191 |
| RAS | Ragusa Minerals Ltd | 0.315 | 0% | -2% | 47% | 254% | $41,237,478 |
| G88 | Golden Mile Res Ltd | 0.027 | 0% | -16% | -23% | -43% | $5,523,923 |
| WC8 | Wildcat Resources | 0.031 | 0% | -6% | 19% | -3% | $20,003,455 |
| THR | Thor Mining PLC | 0.01 | 0% | 11% | 0% | -47% | $10,991,633 |
| MXR | Maximus Resources | 0.047 | 0% | -6% | -10% | -43% | $14,988,571 |
| XTC | Xantippe Res Ltd | 0.008 | 0% | -11% | -11% | 300% | $65,161,839 |
| LRD | Lordresourceslimited | 0.28 | 0% | 6% | 44% | 0% | $9,319,694 |
| WMC | Wiluna Mining Corp | 0.205 | 0% | 0% | 0% | -76% | $74,238,031 |
| AUN | Aurumin | 0.1 | 0% | 0% | -13% | -43% | $12,530,714 |
| DAF | Discovery Alaska Ltd | 0.067 | 0% | -16% | -11% | 60% | $15,023,725 |
| FTL | Firetail Resources | 0.19 | 0% | -3% | -27% | 0% | $11,738,675 |
| TKM | Trek Metals Ltd | 0.06 | 0% | -9% | -18% | -50% | $18,636,609 |
| TEM | Tempest Minerals | 0.032 | -2% | 0% | -18% | 45% | $16,404,901 |
| PGD | Peregrine Gold | 0.605 | -2% | 3% | -17% | 51% | $23,813,757 |
| ZNC | Zenith Minerals Ltd | 0.28 | -2% | -3% | -7% | 37% | $98,257,250 |
| VMC | Venus Metals Cor Ltd | 0.15 | -3% | -6% | -6% | -21% | $24,812,196 |
| DRE | Dreadnought Resources Ltd | 0.09 | -3% | -18% | -36% | 150% | $282,955,620 |
| KGD | Kula Gold Limited | 0.028 | -3% | 4% | 40% | -42% | $9,750,146 |
| ALY | Alchemy Resource Ltd | 0.028 | -3% | 40% | 33% | 104% | $27,639,203 |
| DAL | Dalaroometalsltd | 0.12 | -4% | -4% | 20% | -52% | $3,734,375 |
| ARN | Aldoro Resources | 0.215 | -4% | 0% | -14% | -50% | $22,407,146 |
| MMG | Monger Gold Ltd | 0.425 | -6% | 6% | 10% | 73% | $18,018,000 |
| IR1 | Irismetals | 1.92 | -6% | 1% | 74% | 700% | $125,521,500 |
| AML | Aeon Metals Ltd. | 0.028 | -7% | 0% | 0% | -49% | $32,802,923 |
| KZR | Kalamazoo Resources | 0.2 | -7% | -2% | -11% | -39% | $31,996,165 |
| ADV | Ardiden Ltd | 0.0065 | -7% | -7% | -19% | -46% | $18,678,347 |
| BMM | Balkanminingandmin | 0.27 | -8% | -10% | 46% | -61% | $9,661,250 |
| WCN | White Cliff Min Ltd | 0.019 | -10% | 6% | -10% | 46% | $15,699,671 |
| AVW | Avira Resources Ltd | 0.0035 | -13% | -13% | -13% | -42% | $8,475,160 |
73 lithium companies finished in the green, 40 fell flat and 18 ended the day in the red.
Breaking News; RBA hikes interest rates by just 25 bps (0.25%), less than 0.5% expected, which takes rates to 2.60%. RBA is expected to continue to make dovish hikes for rest of 2022.
AUDUSD drops 0.8% #ASX200 up 3.3% with #Lithium stocks up~10%+ $SYA $LKE $CXO $PLS $AKE today pic.twitter.com/SUrzJXwO93— Jessica Amir (@JessicaDAmir) October 4, 2022
Shares in this ~$9.54m market cap company soared some 23% today on news of a new lithium anomaly at Merivale prospect within the Eyre Project in WA.
Although the weathering of the surface rocks is potentially deeper than those to the north – such as with Liontown Resources (ASX:LTR) Buldania deposit, the sampling technique has provided greater definition of the target area, LRV’s managing director Ron Heeks says.
“The anomaly now requires follow-up drilling to delineate pegmatite horizons and test for significant lithium mineralisation.”
CY5 appointed David Southam to managing director as it preps for maiden drilling at the Pontax Lithium Project in James Bay, Canada.
Southam was the driving force behind Mincor Resources (ASX:MCR), which went from $70 million explorer to $1 billion nickel miner during his tenure.
Prior to joining Mincor, Southam was executive director of ASX-200 nickel company Western Areas for eight years and held senior executive roles within Brambles Group, Gindalbie Metals, ANZ Investment Bank and WMC Resources.
He will initially join the CY5 board as a non-executive director from 1 November 2022, before moving into the MD role from mid-February 2023.
LRS is another lithium explorer appointing new leaders to its business with Peter Oliver – ex advisor to Tianqui Lithium and previous CEO of Talisman Lithium (ASX:TLM) – now set to be the company’s non-executive director.
Oliver has nearly 20 years’ experience in lithium leadership roles which includes, global M&A and financing as well as managing mining operations.
Soil sampling at the Lake Johnston Project has identified lithium index anomalies at the Bremer Range prospect, which adds further impetus for the Lake Johnston area to become a lithium province, TG6 says.
The size of the anomaly, being some 5km x 1.2km, is also particularly encouraging with the Bremer Range prospect only a short 10kms south of the Pagrus lithium prospect and 17km west of Charger Metals (ASX:CHR) Medcalf lithium deposit.
“The location of this Li Index anomaly, close to our priority nickel sulphide targets and drill defined nickel-cobalt laterite deposits, is a bonus,” TG6 CEO David Selfe said.
“It means very little adjustment of our proposed exploration activities will be required to also test for lithium.”
VTX has found pegmatite swarms in old drill logs at the Taylors Rock Nickel-Gold Project in WA’s Lake Johnston area.
The Taylors Project is only 6km from Charger Metals and within close distance to the Mount Holland Lithium Project, which Wesfarmers (ASX:WES) is working to bring into production with partner Sociedad Quimica y Minera de Chile S.A. (SQM).
Mt Holland is understood to be one of the largest undeveloped hard-rock lithium projects in Australia with ore reserves for the Earl Grey Deposit estimated at 94.2 Mt at 1.5% Li2O.
Askari has acquired the Talga East Lithium Project, part of the Eastern Pilbara lithium portfolio, less than 20km north of Global Lithium Resources (ASX:GL1) Archer deposit after entering into a binding acquisition agreement with Mining Equities.
Talga East represents a natural addition to the significant district-scale opportunity of the Yarrie project and the recently acquired Myrnas Hill project, the company says.
Initial exploration will include a comprehensive data review ahead of a planned soil sampling and rock sampling program to define the outcropping pegmatites which remain untested by exploration with no drilling completed.
EFE is hitting thick pegmatites (lithium bearing rock) in 30 of 32 drill holes at the Trigg Hill project in the Pilbara region of WA.
A total of 642 drill samples have been transferred to Perth for analysis at Nagrom with the company set to utilise for drill planning and testing.
Riversgold has completed a heritage survey over the Bengal and Lion/Ragdoll prospects at its Tambourah Lithium Project in the Pilbara region of Western Australia.
Approval has also been received from DMIRS for two PoWs (programs of works) covering drilling on Tambourah’s prospects where rock chip samples graded up to 3.14% Li2O2.
Matsa has discovered new outcropping lepidolite bearing pegmatite cluster over 2km at its Phang Nga project in southern Thailand.
This is where occurrences of lithium bearing pegmatites, mapped by British Geological Survey in the 1970s, are currently being explored by Pan Asia Metals who have recently reported a maiden resource at its Reung Kiet project.
At Matsa’s new lithium prospect, visual coarse grained lepidolite was observed at several sites and samples have arrived in Perth for assaying at one of the commercial laboratories.
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