Eye on Lithium: Australia on track to supply 25% of global lithium by 2030

Australia could be the world’s top producer of lithium by 2030
Latin Resources’ new tenure doubles Colina prospect strike length
Critical Resources fast-tracks phase two diamond drilling at Mavis Lake Project

All your ASX lithium news for Wednesday, July 13

Australia is on track to account for 25% of the world’s lithium supply by the end of the decade, according to Benchmark Minerals Intelligence.

This would make us the number one producer, according to Benchmark Minerals Intelligence, with senior analyst Dr Cameron Perks noting that Western Australia and the Northern Territory are the main hot spots.

However, he did flag that around 75% of our supply by 2030 will still be refined in China – casting doubt on whether we’d be sending lithium to Queensland’s battery manufacturing precinct.

“Australia is on course to account for 25% of the world’s lithium supply by the end of the decade, making it the number one producer, according to Benchmark”

🇨🇱 Chile 2nd place

— Simon Moores (@sdmoores) July 12, 2022

Here’s how ASX lithium stocks were tracking today:

Lithium stocks missing from our list? Shoot a friendly mail to [email protected]

Code	Company	Price	% Month	% Week	% Today	Market Cap
TEM	Tempest Minerals	0.0475	6%	-47%	16%	$20,695,413.22
XTC	Xantippe Res Ltd	0.008	-11%	0%	14%	$55,728,039.95
SRZ	Stellar Resources	0.017	-11%	0%	13%	$12,589,539.39
WML	Woomera Mining Ltd	0.018	-10%	0%	13%	$10,989,329.06
TYX	Tyranna Res Ltd	0.021	31%	17%	11%	$29,114,852.67
WCN	White Cliff Min Ltd	0.013	-28%	8%	8%	$7,843,240.34
EFE	Eastern Resources	0.026	-4%	8%	8%	$23,866,479.14
TMB	Tambourahmetals	0.145	-19%	4%	7%	$5,561,000.73
LNR	Lanthanein Resources	0.015	-17%	-21%	7%	$11,729,557.98
G88	Golden Mile Res Ltd	0.031	-38%	3%	7%	$5,908,245.81
MLS	Metals Australia	0.047	-18%	-11%	7%	$24,993,592.40
VUL	Vulcan Energy	5.58	-13%	-4%	6%	$751,076,977.24
TON	Triton Min Ltd	0.017	-37%	-6%	6%	$20,140,546.83
ENT	Enterprise Metals	0.0105	-19%	5%	5%	$6,446,468.55
A8G	Australasian Metals	0.21	-18%	2%	5%	$8,234,098.80
PLS	Pilbara Min Ltd	2.345	4%	4%	5%	$6,668,140,380.16
KAI	Kairos Minerals Ltd	0.023	5%	10%	5%	$43,166,056.80
AGY	Argosy Minerals Ltd	0.3275	-15%	-2%	4%	$427,156,060.91
EVR	Ev Resources Ltd	0.027	-13%	-4%	4%	$24,075,585.85
EMH	European Metals Hldg	0.705	-17%	5%	4%	$81,506,748.88
CHR	Charger Metals	0.445	-2%	24%	3%	$14,009,845.05
GT1	Greentechnology	0.625	-25%	4%	3%	$111,483,134.02
LRS	Latin Resources Ltd	0.067	-6%	-7%	3%	$125,454,142.97
LRV	Larvottoresources	0.185	-23%	-14%	3%	$7,475,850.00
WR1	Winsome Resources	0.2	-37%	-5%	3%	$26,347,228.83
CXO	Core Lithium	0.875	-30%	-8%	2%	$1,481,383,017.18
ASN	Anson Resources Ltd	0.1125	-2%	7%	2%	$113,070,356.85
BNR	Bulletin Res Ltd	0.1125	-17%	-10%	2%	$32,185,021.00
AS2	Askarimetalslimited	0.24	-24%	-4%	2%	$9,774,653.45
SYA	Sayona Mining Ltd	0.1325	-5%	-20%	2%	$1,072,077,847.10
AKE	Allkem Limited	9.67	-11%	-3%	2%	$6,070,504,978.72
GLN	Galan Lithium Ltd	0.97	-19%	-9%	2%	$290,701,390.71
MQR	Marquee Resource Ltd	0.065	-21%	-11%	2%	$20,199,525.12
OCN	Oceanalithiumlimited	0.35	0%	1%	1%	$11,566,125.00
LIT	Lithium Australia	0.071	-12%	15%	1%	$72,478,652.75
LTR	Liontown Resources	0.9475	-15%	-6%	1%	$2,049,730,560.13
AZL	Arizona Lithium Ltd	0.083	-25%	-9%	1%	$183,146,753.18
INR	Ioneer Ltd	0.44	0%	1%	1%	$912,254,508.00
IGO	IGO Limited	9.71	-15%	-2%	1%	$7,277,343,682.93
PLL	Piedmont Lithium Inc	0.505	-32%	-6%	1%	$263,785,400.00
CAI	Calidus Resources	0.605	-12%	-8%	1%	$244,518,574.80
WES	Wesfarmers Limited	44.97	3%	3%	0%	$50,773,366,036.76
AVZ	AVZ Minerals Ltd	0.78	0%	0%	0%	$2,752,409,203.44
INF	Infinity Lithium	0.115	-18%	0%	0%	$47,726,502.59
LKE	Lake Resources	0.675	-52%	-11%	0%	$938,054,186.55
LPD	Lepidico Ltd	0.027	-4%	0%	0%	$175,693,631.39
PSC	Prospect Res Ltd	0.98	3%	2%	0%	$453,014,272.76
RLC	Reedy Lagoon Corp.	0.017	-6%	-6%	0%	$9,476,257.50
TKL	Traka Resources	0.006	-25%	0%	0%	$4,132,647.37
BMM	Balkanminingandmin	0.175	-22%	-3%	0%	$5,731,250.00
ARN	Aldoro Resources	0.15	-14%	0%	0%	$14,915,597.55
AX8	Accelerate Resources	0.029	-12%	0%	0%	$7,843,308.07
BYH	Bryah Resources Ltd	0.029	-24%	4%	0%	$6,560,008.08
DTM	Dart Mining NL	0.067	3%	26%	0%	$9,062,430.72
EMS	Eastern Metals	0.15	0%	0%	0%	$5,340,000.00
FG1	Flynngold	0.125	-4%	-17%	0%	$8,007,631.25
IMI	Infinitymining	0.14	-10%	4%	0%	$8,050,000.00
RAG	Ragnar Metals Ltd	0.04	-11%	5%	0%	$15,167,395.56
SHH	Shree Minerals Ltd	0.007	-13%	-13%	0%	$8,669,408.24
TSC	Twenty Seven Co. Ltd	0.0025	-29%	25%	0%	$6,652,034.76
CRR	Critical Resources	0.037	-31%	-23%	0%	$55,056,563.84
KGD	Kula Gold Limited	0.032	7%	10%	0%	$6,885,620.22
PNN	Power Minerals Ltd	0.405	-12%	-8%	0%	$24,914,330.33
MTM	Mtmongerresources	0.12	-20%	4%	0%	$4,501,203.96
QXR	Qx Resources Limited	0.027	-16%	-7%	0%	$23,202,782.67
SCN	Scorpion Minerals	0.07	-11%	-4%	0%	$23,228,183.44
AZI	Altamin Limited	0.095	0%	-1%	0%	$37,213,091.44
PGD	Peregrine Gold	0.42	-5%	17%	0%	$16,080,400.98
AVW	Avira Resources Ltd	0.003	-25%	-14%	0%	$6,356,370.00
NVA	Nova Minerals Ltd	0.69	22%	-9%	0%	$124,339,576.65
MRR	Minrex Resources Ltd	0.032	-20%	-14%	0%	$33,924,702.75
AOA	Ausmon Resorces	0.006	-14%	0%	0%	$5,143,736.06
VKA	Viking Mines Ltd	0.007	-13%	0%	0%	$7,176,809.02
SRI	Sipa Resources Ltd	0.04	3%	8%	0%	$8,200,992.12
VMC	Venus Metals Cor Ltd	0.165	-3%	-3%	0%	$26,412,982.70
RGL	Riversgold	0.026	-24%	-16%	0%	$19,665,775.97
EPM	Eclipse Metals	0.019	-17%	6%	0%	$36,501,401.85
WC8	Wildcat Resources	0.025	-22%	-4%	0%	$16,131,818.18
THR	Thor Mining PLC	0.01	-17%	0%	0%	$10,689,009.73
MXR	Maximus Resources	0.044	-27%	-4%	0%	$13,987,853.79
DRE	Dreadnought Resources Ltd	0.045	22%	-4%	0%	$127,740,759.80
MM1	Midasmineralsltd	0.195	-22%	-7%	0%	$11,140,693.98
M2R	Miramar	0.09	-18%	0%	0%	$5,776,799.67
LRD	Lordresourceslimited	0.2	-9%	-7%	0%	$6,356,924.20
ZEO	Zeotech Limited	0.045	-24%	-8%	0%	$68,621,196.15
ALY	Alchemy Resource Ltd	0.0165	-8%	18%	0%	$15,725,721.94
LIS	Lisenergylimited	0.565	19%	13%	0%	$93,741,515.66
KTA	Krakatoa Resources	0.049	-23%	-9%	0%	$16,890,785.93
DAF	Discovery Alaska Ltd	0.044	-19%	-8%	0%	$9,866,326.71
FTL	Firetail Resources	0.225	-35%	-8%	0%	$13,901,062.50
IR1	Irismetals	0.28	2%	8%	0%	$16,695,000.00
DAL	Dalaroometalsltd	0.115	40%	17%	0%	$3,435,625.00
TKM	Trek Metals Ltd	0.055	-29%	-4%	0%	$17,083,558.25
CY5	Cygnus Gold Limited	0.15	-12%	0%	0%	$17,697,797.25
MIN	Mineral Resources.	44.33	-22%	-3%	-1%	$8,478,108,774.27
RAS	Ragusa Minerals Ltd	0.083	-6%	-2%	-1%	$10,561,837.10
LPI	Lithium Pwr Int Ltd	0.4	-7%	-14%	-1%	$141,403,663.44
PAM	Pan Asia Metals	0.4	-15%	-7%	-1%	$29,937,698.01
GL1	Globallith	1.035	-27%	-14%	-1%	$166,633,168.80
RDT	Red Dirt Metals Ltd	0.345	-23%	-15%	-1%	$106,594,049.10
RIO	Rio Tinto Limited	94.04	-19%	-7%	-1%	$35,417,738,977.74
ESS	Essential Metals Ltd	0.34	-21%	-11%	-1%	$85,038,161.63
LEL	Lithenergy	0.65	-28%	-6%	-2%	$29,799,000.00
NMT	Neometals Ltd	0.92	-13%	-2%	-2%	$512,731,930.26
MNS	Magnis Energy Tech	0.285	-17%	-10%	-2%	$280,280,745.41
JRL	Jindalee Resources	2.53	-17%	-13%	-2%	$148,037,732.28
LLL	Leolithiumlimited	0.3775	0%	-21%	-2%	$379,862,911.12
ZNC	Zenith Minerals Ltd	0.25	-32%	-4%	-2%	$87,914,381.15
KZR	Kalamazoo Resources	0.24	-14%	26%	-2%	$35,572,621.63
GW1	Greenwing Resources	0.215	-16%	-4%	-2%	$27,114,416.78
WMC	Wiluna Mining Corp	0.21	-56%	-9%	-2%	$77,859,398.03
GSM	Golden State Mining	0.041	-21%	3%	-2%	$4,889,695.40
AOU	Auroch Minerals Ltd	0.061	-29%	2%	-3%	$23,275,463.34
NWM	Norwest Minerals	0.03	-14%	7%	-3%	$5,598,829.00
AUN	Aurumin	0.145	-12%	32%	-3%	$16,383,487.80
MMC	Mitremining	0.125	-4%	-4%	-4%	$3,521,063.00
QPM	Queensland Pacific	0.12	-4%	-4%	-4%	$195,451,641.38
STM	Sunstone Metals Ltd	0.042	-18%	-9%	-5%	$113,275,642.39
AAJ	Aruma Resources Ltd	0.06	-14%	-13%	-6%	$9,967,055.44
1MC	Morella Corporation	0.017	-6%	0%	-6%	$93,171,851.75
TUL	Tulla Resources	0.505	-11%	-10%	-6%	$85,716,026.52
EUR	European Lithium Ltd	0.065	-3%	5%	-6%	$95,529,907.50
MMG	Monger Gold Ltd	0.215	-14%	5%	-7%	$9,209,200.00
AML	Aeon Metals Ltd.	0.028	4%	12%	-7%	$29,733,939.69
ADV	Ardiden Ltd	0.0065	-28%	-7%	-7%	$18,678,347.49
LSR	Lodestar Minerals	0.0065	-7%	-19%	-7%	$12,169,061.44
RMX	Red Mount Min Ltd	0.0055	-8%	-8%	-8%	$9,854,183.15
AM7	Arcadia Minerals	0.135	-41%	-16%	-10%	$7,004,683.80
CZL	Cons Zinc Ltd	0.018	-18%	-5%	-10%	$7,267,156.26
IPT	Impact Minerals	0.007	-13%	-13%	-13%	$19,850,964.45
FRS	Forrestaniaresources	0.135	-16%	0%	-16%	$4,973,808.64

A total of 41 stocks were in the green today, 53 were flat and 37 were in the red.

Who’s got news out today?

LATIN RESOURCES (ASX:LRS)

Latin Resources has secured new tenure that doubles the strike length of its Colina lithium prospect in Brazil to 2km after drilling intersected thick, high-grade near surface pegmatites.

The new option agreement extends the company’s wholly-owned tenure in Brazil by a further 1.2km to the south where the known high-grade lithium pegmatites are interpreted to continue under shallow cover.

LRS understandably keen to discover just how far the pegmatites at Colina stretch for given that its southernmost drillhole (SADD006) – located close to the new tenure – returned a 21.1m intersection grading 1.2% lithium oxide.

With the new tenure in place, the company is likely to expand the current 100-hole resource definition drilling campaign totalling about 25,000m currently underway at the prospect to include step-out drilling to the south to outline the full strike extent of the identified pegmatites and deeper holes to test for stacked pegmatites.

CRITICAL RESOURCES (ASX:CRR)

The company has fast-tracked phase two diamond drilling at its Mavis Lake Project in Canada, including another 5,000m with the objective to test the continuity between pegmatite 6 and pegmatite 18 – with a potential strike length of 1.8km.

MD Alex Biggs says the combination of strong drill results and newly identified geophysical targets puts the company in a “clear position to continue drilling at the Mavis Lake Lithium Project.”

“Mavis Lake is quickly becoming a cornerstone project for the company as demonstrated by the consistent drill results we have seen in the first 5,000m campaign,” he said.

“Our strategy is to define a JORC compliant Resource which requires both infill and extensional drilling along strike.”

ARIZONA LITHIUM (ASX:AZL)

Arizona says its cashed-up to advance its flagship Big Sandy lithium project after wrapping up a June quarter spent positioning itself to be a research and processing leader.

Following the receipt of $23.2m from the first tranche of a $32.5m share placement announced in March, the company has $42.3m in cash as of 30 June 2022 to advance its objectives.

MD Paul Lloyd said the June quarter was a critical period spent positioning the company to be a future supplier of lithium for the rapidly growing electric vehicle industry as well as a future leader in lithium research and processing.

This includes signing a five-year lease for a world-class lithium research centre in Phoenix, Arizona, which will study the extraction of lithium from various ores and brines as well as the production of battery-grade lithium chemicals for current and future battery technologies.

It will showcase the processing steps required for AZL’s Big Sandy and Lordsburg lithium projects, the former of which boasts a 320,000t lithium carbonate equivalent resource in shallow sedimentary hosted deposits.

ANSON RESOURCES (ASX:ASN)

Anson has increased the flow rates in resource expansion drilling at its Paradox lithium project in Utah, USA of up to 165%.

On re-entry at Cane Creek 32-1 well, Clastic Zone 31 horizon delivered a flow rate of 66 barrels/hour, an increase of 147% on the original recorded flow rate at this target.

Similarly, an increase in flow rate of 165% was delivered from Anson’s recently completed drilling at the Long Canyon No. 2 well.

The company says these results indicate that salts that have previously precipitated are breaking down over time due to the influx of brine – as a result of the positive attributes of high pressure, porosity, and permeability at the Paradox Project area.

A key positive outcome of the significantly improved flow rates is that it is anticipated they will push the brine to surface without the need for pumping – which would in turn deliver substantial benefits to the economics of extraction and the longevity of Anson’s proposed lithium producing operation at the project.