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Mining
All your lithium news, Friday, July 7.
The famously conservative federal government says that while the value of Australian lithium exports is set to decline from its 2022–23 record, the long term outlook for lithium is that consumption will grow rapidly.
In the latest Resources and Energy Quarterly, Minister for Resources and Northern Australia Madeleine King said the value of lithium exports in 2022-23 almost quadrupled from the previous financial year, to over $19 billion in 2022-23.
It predicts value will decline to around $15 billion in 2024-25 as prices moderate. But it also expects demand to continue growing at a rapid rate.
“In lithium carbonate equivalent (LCE) terms, global lithium consumption is forecast to increase from 814 thousand tonnes (kt) to 1,350 kt over the outlook period (from 2022 to 2025),” the report stated.
“Lithium demand for rechargeable batteries continues to grow at a much faster pace than other sources of industrial demand for lithium.”
Battery demand for lithium is expected to maintain high growth, increasing by 22% per year over the 3 years to 2025.
Meanwhile the Indonesian and Australian government’s released a joint statement at their annual leaders meeting this week regarding their cooperation in the battery materials sector.
Indonesia aims to be in the world’s top five electric vehicle battery producers by 2040. To achieve this, it needs to secure access to other minerals, including lithium, of which Australian mines supply around half to the world.
In line with its commitment to the Paris Agreement, Indonesia has set a pretty ambitious target for its vehicle industry.
By 2025 it wants at a minimum of 20% of the cars it produces to be EVs. That equates to about 400,000 cars.
Indonesian government programs such as the Low-Cost Green Car incentives and Low-Carbon-Emission Vehicle regulations are attempting to drive this transition.
Australia and Indonesia are expected to sign an MOU that will fast track co-operation on the global battery and electric vehicle sector with this week’s communique including a commitment to pursue this goal.
| CODE | COMPANY | TODAY % | YTD % | PRICE | MARKET CAP |
|---|---|---|---|---|---|
| TMB | Tambourah Metals | 66% | 14% | 0.24 | $5,972,927 |
| VMC | Venus Metals Cor Ltd | 34% | 8% | 0.16 | $22,535,721 |
| XTC | Xantippe Res Ltd | 25% | 0% | 0.0025 | $22,960,199 |
| AOA | Ausmon Resorces | 17% | 0% | 0.0035 | $2,907,868 |
| EFE | Eastern Resources | 10% | -2% | 0.011 | $12,419,465 |
| DYM | Dynamic Metals | 9% | 0% | 0.315 | $10,150,000 |
| TMX | Terrain Minerals | 8% | 0% | 0.0065 | $6,499,196 |
| LRS | Latin Resources Ltd | 8% | 24% | 0.34 | $823,778,444 |
| KAI | Kairos Minerals Ltd | 7% | 1% | 0.03 | $61,154,618 |
| ALY | Alchemy Resource Ltd | 7% | -1% | 0.015 | $16,493,068 |
| EMS | Eastern Metals | 7% | -1% | 0.062 | $3,859,310 |
| ICL | Iceni Gold | 6% | 2% | 0.1 | $19,605,714 |
| KGD | Kula Gold Limited | 5% | 0% | 0.021 | $7,464,238 |
| MTM | MTM Critical Metals | 5% | 3% | 0.105 | $8,902,422 |
| AX8 | Accelerate Resources | 5% | 0% | 0.022 | $7,971,637 |
| REC | Recharge Metals | 4% | 22% | 0.355 | $35,898,721 |
| KZR | Kalamazoo Resources | 4% | -9% | 0.12 | $17,836,453 |
| LRV | Larvotto Resources | 4% | -3% | 0.135 | $8,743,114 |
| AUN | Aurumin | 3% | -3% | 0.03 | $8,455,875 |
| SLM | Solismineralsltd | 3% | 113% | 1.2 | $69,984,849 |
| MLS | Metals Australia | 3% | -1% | 0.035 | $21,217,230 |
| M2R | Miramar | 3% | -4% | 0.037 | $3,327,804 |
| EUR | European Lithium Ltd | 3% | 3% | 0.1025 | $149,423,918 |
| SRI | Sipa Resources Ltd | 2% | -1% | 0.0255 | $5,703,953 |
| NWM | Norwest Minerals | 2% | 0% | 0.058 | $15,825,167 |
| SYA | Sayona Mining Ltd | 1% | -1% | 0.1825 | $1,807,044,844 |
| GL1 | Globallith | 1% | -19% | 1.66 | $424,926,514 |
| LEL | Lithenergy | 1% | 4% | 0.81 | $82,923,050 |
| ADV | Ardiden Ltd | 0% | 0% | 0.007 | $18,818,347 |
| 1MC | Morella Corporation | 0% | 0% | 0.008 | $48,788,644 |
| AML | Aeon Metals | 0% | -1% | 0.017 | $18,638,811 |
| AVZ | AVZ Minerals | 0% | 0% | 0.78 | $2,752,409,203 |
| JRL | Jindalee Resources | 0% | 1% | 1.895 | $108,733,141 |
| LPD | Lepidico Ltd | 0% | 0% | 0.012 | $91,659,669 |
| LPI | Lithium Pwr Int Ltd | 0% | -13% | 0.31 | $195,063,644 |
| PLL | Piedmont Lithium Inc | 0% | 22% | 0.865 | $331,167,413 |
| QPM | Queensland Pacific | 0% | -1% | 0.1 | $174,634,792 |
| PSC | Prospect Res Ltd | 0% | 2% | 0.14 | $64,716,325 |
| RLC | Reedy Lagoon Corp | 0% | 0% | 0.007 | $3,967,037 |
| TKL | Traka Resources | 0% | 0% | 0.01 | $8,713,293 |
| ARN | Aldoro Resources | 0% | -4% | 0.12 | $16,130,849 |
| AAJ | Aruma Resources Ltd | 0% | -1% | 0.044 | $8,632,881 |
| PAM | Pan Asia Metals | 0% | -17% | 0.245 | $38,040,244 |
| AM7 | Arcadia Minerals | 0% | -8% | 0.13 | $12,226,513 |
| BYH | Bryah Resources Ltd | 0% | -1% | 0.015 | $5,182,579 |
| FRS | Forrestania Resources | 0% | -3% | 0.115 | $10,182,425 |
| GSM | Golden State Mining | 0% | 0% | 0.039 | $5,626,304 |
| IMI | Infinitymining | 0% | -15% | 0.13 | $9,942,181 |
| MMC | Mitre Mining | 0% | 2% | 0.3 | $11,470,530 |
| CTN | Catalina Resources | 0% | -1% | 0.003 | $3,715,461 |
| TEM | Tempest Minerals | 0% | -1% | 0.016 | $8,109,146 |
| WCN | White Cliff Min Ltd | 0% | -1% | 0.007 | $8,100,530 |
| WML | Woomera Mining Ltd | 0% | -1% | 0.013 | $12,430,529 |
| AZI | Altamin Limited | 0% | 0% | 0.078 | $30,553,907 |
| ENT | Enterprise Metals | 0% | -1% | 0.005 | $3,647,355 |
| PGD | Peregrine Gold | 0% | -10% | 0.285 | $15,989,244 |
| AVW | Avira Resources Ltd | 0% | 0% | 0.002 | $4,267,580 |
| A8G | Australasian Metals | 0% | -7% | 0.125 | $6,515,062 |
| SRZ | Stellar Resources | 0% | 0% | 0.013 | $13,077,535 |
| LSR | Lodestar Minerals | 0% | 0% | 0.005 | $9,216,987 |
| VKA | Viking Mines Ltd | 0% | 0% | 0.013 | $13,328,360 |
| IPT | Impact Minerals | 0% | 1% | 0.014 | $39,825,854 |
| RGL | Riversgold | 0% | -1% | 0.016 | $15,220,183 |
| RAS | Ragusa Minerals Ltd | 0% | -5% | 0.07 | $9,981,915 |
| EPM | Eclipse Metals | 0% | 0% | 0.019 | $38,533,136 |
| THR | Thor Energy PLC | 0% | 0% | 0.004 | $5,840,051 |
| YAR | Yari Minerals Ltd | 0% | 0% | 0.016 | $7,717,725 |
| MXR | Maximus Resources | 0% | -1% | 0.033 | $10,528,840 |
| LLI | Loyal Lithium Ltd | 0% | 3% | 0.32 | $19,036,800 |
| LRD | Lord Resources | 0% | -8% | 0.086 | $3,193,362 |
| WMC | Wiluna Mining Corp | 0% | 0% | 0.205 | $74,238,031 |
| KTA | Krakatoa Resources | 0% | 0% | 0.041 | $14,898,440 |
| TYX | Tyranna Res Ltd | 0% | 0% | 0.026 | $80,767,058 |
| DAF | Discovery Alaska Ltd | 0% | 0% | 0.029 | $6,792,806 |
| DAL | Dalaroo Metals | 0% | -3% | 0.071 | $3,076,075 |
| TKM | Trek Metals Ltd | 0% | 2% | 0.1 | $44,312,008 |
| CY5 | Cygnus Metals Ltd | 0% | -8% | 0.3 | $66,981,161 |
| TUL | Tulla Resources | 0% | 2% | 0.35 | $118,262,971 |
| CHR | Charger Metals | 0% | -9% | 0.355 | $17,382,351 |
| RMX | Red Mount Min Ltd | 0% | 0% | 0.004 | $9,087,404 |
| DLI | Delta Lithium | 0% | 43% | 0.9 | $468,820,643 |
| LM1 | Leeuwin Metals Ltd | 0% | 0% | 0.41 | $18,361,850 |
| ENT | Enterprise Metals | 0% | -1% | 0.005 | $3,647,355 |
| FIN | FIN Resources Ltd | 0% | 0% | 0.016 | $9,896,566 |
| NIS | Nickelsearch | 0% | -10% | 0.055 | $5,239,320 |
| EG1 | Evergreen Lithium | 0% | 0% | 0.34 | $19,118,200 |
| FBM | Future Battery | 0% | 6% | 0.115 | $49,202,190 |
| LRD | Lord Resources | 0% | -8% | 0.086 | $3,193,362 |
| IEC | Intra Energy Corp | 0% | 0% | 0.006 | $4,234,690 |
| MHK | Metalhawk. | 0% | -4% | 0.125 | $8,366,924 |
| RIO | Rio Tinto Limited | -1% | -468% | 111.73 | $41,791,521,372 |
| LLL | Leo Lithium | -1% | 64% | 1.12 | $1,115,575,523 |
| VUL | Vulcan Energy | -1% | -206% | 4.27 | $721,215,147 |
| ESS | Essential Metals Ltd | -1% | 18% | 0.5 | $135,121,180 |
| AGY | Argosy Minerals Ltd | -1% | -17% | 0.4 | $568,785,037 |
| LTR | Liontown Resources | -1% | 140% | 2.715 | $6,056,202,862 |
| PNN | Power Minerals Ltd | -1% | -15% | 0.385 | $28,522,370 |
| WR1 | Winsome Resources | -1% | 52% | 1.745 | $287,588,745 |
| ANX | Anax Metals Ltd | -1% | 2% | 0.068 | $28,248,243 |
| MM1 | Midas Minerals | -2% | 13% | 0.325 | $24,238,306 |
| AZS | Azure Minerals | -2% | 139% | 1.615 | $639,987,158 |
| BNR | Bulletin Res Ltd | -2% | -3% | 0.064 | $19,083,422 |
| INR | Ioneer Ltd | -2% | -7% | 0.315 | $675,012,093 |
| G88 | Golden Mile Res Ltd | -2% | 4% | 0.056 | $18,775,202 |
| FG1 | Flynn Gold | -2% | -5% | 0.052 | $7,202,474 |
| AKE | Allkem Limited | -2% | 468% | 15.92 | $10,355,567,317 |
| ZEO | Zeotech Limited | -2% | 0% | 0.043 | $75,060,615 |
| WES | Wesfarmers Limited | -2% | 150% | 47.41 | $55,021,312,655 |
| IR1 | Irismetals | -2% | 52% | 1.68 | $137,135,600 |
| EMC | Everest Metals Corp | -2% | 13% | 0.205 | $27,180,953 |
| EMH | European Metals Hldg | -2% | 17% | 0.81 | $103,762,894 |
| CAI | Calidus Resources | -3% | -8% | 0.195 | $121,522,032 |
| CXO | Core Lithium | -3% | -10% | 0.93 | $1,774,883,538 |
| AZL | Arizona Lithium Ltd | -3% | -3% | 0.036 | $101,738,038 |
| PLS | Pilbara Min Ltd | -3% | 118% | 4.93 | $15,200,810,529 |
| NVA | Nova Minerals Ltd | -3% | -34% | 0.345 | $74,865,936 |
| CRR | Critical Resources | -3% | 1% | 0.0515 | $84,522,008 |
| MIN | Mineral Resources | -3% | -924% | 67.96 | $13,613,645,080 |
| NMT | Neometals Ltd | -3% | -32% | 0.485 | $276,370,588 |
| LIT | Lithium Australia | -3% | -1% | 0.032 | $40,299,325 |
| TON | Triton Min Ltd | -3% | 0% | 0.032 | $51,524,735 |
| KOB | Koba Resources | -3% | 2% | 0.16 | $17,393,750 |
| IGO | IGO Limited | -3% | 158% | 15.04 | $11,752,796,458 |
| ASN | Anson Resources Ltd | -3% | -3% | 0.155 | $199,468,597 |
| WC8 | Wildcat Resources | -3% | 13% | 0.155 | $106,491,456 |
| MNS | Magnis Energy Tech | -3% | -22% | 0.15 | $172,876,380 |
| GLN | Galan Lithium Ltd | -3% | -20% | 0.875 | $304,908,442 |
| DRE | Dreadnought Resources Ltd | -4% | -5% | 0.055 | $189,680,509 |
| LIS | Lisenergy | -4% | -5% | 0.27 | $46,455,972 |
| STM | Sunstone Metals Ltd | -4% | -1% | 0.026 | $83,213,592 |
| OCN | Oceana Lithium | -4% | 3% | 0.37 | $15,467,953 |
| SGQ | St George Min Ltd | -4% | -2% | 0.047 | $41,185,017 |
| A11 | Atlantic Lithium | -4% | -10% | 0.5225 | $332,036,705 |
| PMT | Patriot Battery Metals | -4% | 94% | 1.69 | $579,433,774 |
| GT1 | Greentechnology | -4% | -16% | 0.665 | $148,019,378 |
| SBR | Sabre Resources | -5% | 0% | 0.041 | $12,533,906 |
| AS2 | Askari Metals | -5% | -13% | 0.305 | $21,846,545 |
| VSR | Voltaic Strategic | -5% | 6% | 0.08 | $31,034,451 |
| LKE | Lake Resources | -5% | -52% | 0.285 | $426,733,412 |
| MQR | Marquee Resource Ltd | -5% | 0% | 0.038 | $13,228,300 |
| LNR | Lanthanein Resources | -5% | 0% | 0.019 | $22,431,511 |
| MHC | Manhattan Corp Ltd | -5% | 0% | 0.0095 | $29,362,787 |
| MRR | Minrex Resources Ltd | -5% | -1% | 0.018 | $20,612,483 |
| PAT | Patriot Lithium | -5% | 0% | 0.265 | $17,188,501 |
| FTL | Firetail Resources | -6% | -6% | 0.099 | $8,085,000 |
| SCN | Scorpion Minerals | -6% | 1% | 0.081 | $29,730,733 |
| NKL | Nickelxltd | -6% | 0% | 0.08 | $7,346,999 |
| ZNC | Zenith Minerals Ltd | -6% | -18% | 0.09 | $33,828,565 |
| TOR | Torque Met | -6% | -3% | 0.15 | $15,413,926 |
| MAN | Mandrake Res Ltd | -6% | 0% | 0.044 | $28,141,716 |
| LLO | Lion One Metals Ltd | -7% | -31% | 0.86 | $12,450,216 |
| CMD | Cassius Mining Ltd | -7% | 2% | 0.04 | $21,359,313 |
| LPM | Lithium Plus | -7% | -5% | 0.32 | $22,765,929 |
| QXR | Qx Resources Limited | -8% | -2% | 0.024 | $23,318,420 |
| EVR | Ev Resources Ltd | -8% | 0% | 0.012 | $12,167,793 |
| INF | Infinity Lithium | -9% | -2% | 0.105 | $53,198,091 |
| DTM | Dart Mining NL | -9% | -2% | 0.039 | $7,408,351 |
| PL3 | Patagonia Lithium | -10% | 0% | 0.175 | $9,555,683 |
| BMM | Balkan Mining and Minerals | -10% | -12% | 0.215 | $11,465,283 |
| RAG | Ragnar Metals Ltd | -11% | 1% | 0.024 | $10,237,992 |
| GW1 | Greenwing Resources | -12% | -6% | 0.22 | $37,477,444 |
| BUR | Burley Minerals | -12% | -4% | 0.18 | $15,297,060 |
Just 28 lithium stocks leapt in price today, 61 broke even and 74 dropped in price.
The explorer has pumped hard since mid-June – from 11c to 69c – on decent lithium rock chip assays from its Ruth Well project in the Pilbara.
GRE has encountered more high-grade lithium in rock chips – with a peak grade 1.8% LI2O – at Ruth Well, extending the mineralised zone at the Kobe prospect to an impressive 7.5km.
Test work carried out by Curtin University by way of XRF analysis on a sample from the first sampling program also confirmed that the lithium bearing mineral is spodumene.
Plans for drilling are well advanced, GRE says.
“We are extremely pleased to see a persistence in the tenor of the mineralisation over the entire length of the pegmatite zone identified to date,” GRE exec Thomas Reddicliffe says.
“We believe the consistency of the grades over a now 7.5km strike is evidence of a large mineralising system and underscores the prospectivity of this pegmatite zone.”
Ruth Well also contains a small nickel-copper resource down the road from GRE’s flagship Whundo project (6.18Mt @ 1.12% Cu and 1.04% Zn) and Azure’s Andover lithium discovery.
Development of EUR’s Wolfsberg lithium project in Austria is nearing after Critical Metals Corp. entered into a US$125m share subscription facility with GEM Global Yield.
The funding from Luxembourg-based private alternative investment group GEM Global Yield is a clear sign of confidence in Critical Metals Corp (CRML).
CRML is the proposed merger between the company’s wholly owned subsidiary European Lithium AT, which holds the Wolfsberg project in Austria, and Sizzle Acquisition Corp (Nasdaq:SZZL).
Proceeds from this facility will be used to accelerate development of the project with EUR chairman Tony Sage noting that about 65% of the total expected Capex has been secured to date from the latest deal and the previous agreement with Saudi Arabia’s Obeikan Investment Group.
Sage added that the GEM deal was a huge milestone that brought it closer to its stated goal of becoming the first local producer of lithium spodumene for the green energy transition in Europe.
At Stockhead we tell it like it is, while European Lithium is a Stockhead advertiser, it did not sponsor this article.
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