Pic: via Getty Images.
Eye on Lithium: Azure’s 100Mt lithium target for Andover looking more likely by the day
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- Azure Minerals (ASX:AZS) is hitting more outrageous 100m-thick lithium intersections at Andover
- Drilling underway at Wildcat Resources’ (ASX:WC8) Tabba Tabba lithium project in the Pilbara
- Near term miner Leo Lithium (ASX:LLL) awards open pit mining contract worth $520m over 5.5 years
All your lithium news, Thursday July 13.
Mark Creasy and SQM-backed Azure Minerals (ASX:AZS) is hitting more outrageous 100m-thick lithium intersections at Andover.
What a monster.
AZS says these intercepts, like a highlight 100.2m @ 1.24% Li2O from 101.5m, are close to true width.
This super thick mineralisation now extends for more than 1,200m along strike, and down-dip from surface to vertical depths more than 350m – and remains open.
All up, the peggie swarm extends over an area of 9km (east-west) and up to 5km (north-south).
A 100km drilling program continues in efforts to find the edges of this behemoth, which the company believes could hold 100Mt of lithium resources.
An exploration target is due out in the current quarter, ahead of a maiden resource in Q1 next year.
Whos’ Hot:
The day’s biggest gains
Red Mountain Mining (ASX:RMX) + 25%
Tambourah Metals (ASX:TMB) +25%
Who’s Not:
The day’s biggest falls
Lodestar Minerals (ASX:LSR) -20%
Pan Asia Metals (ASX:PAM) -12%
Here’s how Aussie lithium stocks are tracking:
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.
Stocks missing from this list? Email [email protected]
| Code | Company | % Today | YTD% | Price | Market Cap |
|---|---|---|---|---|---|
| RMX | Red Mount Min Ltd | 25% | 0% | 0.005 | $9,087,404 |
| TMB | Tambourahmetals | 25% | 114% | 0.225 | $7,608,457 |
| VKA | Viking Mines Ltd | 20% | 20% | 0.012 | $10,252,584 |
| LLO | Lion One Metals Ltd | 15% | -9% | 1.07 | $12,585,545 |
| 1MC | Morella Corporation | 14% | -33% | 0.008 | $42,690,063 |
| RLC | Reedy Lagoon Corp. | 13% | -10% | 0.009 | $4,533,757 |
| MTM | MTM Critical Metals | 12% | 33% | 0.105 | $8,368,277 |
| IPT | Impact Minerals | 12% | 107% | 0.0145 | $36,981,151 |
| ZNC | Zenith Minerals Ltd | 12% | -67% | 0.087 | $27,485,709 |
| QPM | Queensland Pacific | 10% | 0% | 0.11 | $174,634,792 |
| REC | Rechargemetals | 9% | 159% | 0.35 | $33,787,032 |
| DRE | Dreadnought Resources Ltd | 8% | -38% | 0.065 | $199,663,693 |
| AM7 | Arcadia Minerals | 8% | -34% | 0.135 | $11,756,263 |
| SRZ | Stellar Resources | 8% | 8% | 0.014 | $13,077,535 |
| LRS | Latin Resources Ltd | 7% | 278% | 0.37 | $903,111,301 |
| VUL | Vulcan Energy | 7% | -24% | 4.81 | $753,008,855 |
| LIT | Lithium Australia | 6% | -27% | 0.033 | $37,856,942 |
| NVA | Nova Minerals Ltd | 6% | -51% | 0.335 | $66,430,338 |
| MLS | Metals Australia | 6% | -21% | 0.035 | $20,593,194 |
| GSM | Golden State Mining | 6% | -16% | 0.036 | $6,497,001 |
| CRR | Critical Resources | 6% | 28% | 0.055 | $82,927,253 |
| PL3 | Patagonia Lithium | 5% | 0% | 0.2 | $9,310,665 |
| EPM | Eclipse Metals | 5% | 44% | 0.023 | $44,617,315 |
| RAS | Ragusa Minerals Ltd | 4% | -39% | 0.07 | $9,554,119 |
| NMT | Neometals Ltd | 4% | -35% | 0.52 | $276,370,588 |
| ARN | Aldoro Resources | 4% | -16% | 0.135 | $17,475,087 |
| KZR | Kalamazoo Resources | 4% | -36% | 0.135 | $20,162,946 |
| GL1 | Globallith | 4% | -7% | 1.71 | $427,517,529 |
| DYM | Dynamicmetalslimited | 4% | 0% | 0.295 | $9,975,000 |
| MMC | Mitremining | 3% | 7% | 0.3 | $11,088,179 |
| JRL | Jindalee Resources | 3% | 0% | 1.88 | $105,003,508 |
| SYA | Sayona Mining Ltd | 3% | 0% | 0.19 | $1,857,240,534 |
| A8G | Australasian Metals | 3% | 0% | 0.19 | $9,642,291 |
| LNR | Lanthanein Resources | 3% | -10% | 0.019 | $20,749,148 |
| PNN | Power Minerals Ltd | 3% | -25% | 0.4 | $28,522,370 |
| AAJ | Aruma Resources Ltd | 2% | -19% | 0.043 | $8,240,478 |
| AS2 | Askarimetalslimited | 2% | -26% | 0.3225 | $21,536,692 |
| SGQ | St George Min Ltd | 2% | -34% | 0.045 | $36,982,464 |
| GT1 | Greentechnology | 2% | -14% | 0.71 | $148,019,378 |
| IR1 | Irismetals | 2% | 27% | 1.47 | $114,811,200 |
| CXO | Core Lithium | 2% | -4% | 0.985 | $1,793,468,706 |
| IGO | IGO Limited | 2% | 20% | 16.12 | $11,979,976,802 |
| NWM | Norwest Minerals | 2% | 11% | 0.06 | $16,380,436 |
| RIO | Rio Tinto Limited | 2% | 2% | 119.02 | $43,506,540,281 |
| LPI | Lithium Pwr Int Ltd | 1% | -23% | 0.34 | $210,794,583 |
| AZI | Altamin Limited | 1% | 0% | 0.08 | $30,945,623 |
| MIN | Mineral Resources. | 1% | -6% | 72.5 | $13,942,317,368 |
| GLN | Galan Lithium Ltd | 1% | -15% | 0.91 | $303,223,865 |
| LTR | Liontown Resources | 1% | 120% | 2.91 | $6,364,518,644 |
| WES | Wesfarmers Limited | 0% | 6% | 48.85 | $55,214,091,368 |
| ADV | Ardiden Ltd | 0% | 0% | 0.007 | $18,818,347 |
| AGY | Argosy Minerals Ltd | 0% | -26% | 0.42 | $589,851,149 |
| ASN | Anson Resources Ltd | 0% | -14% | 0.16 | $203,283,770 |
| AVZ | AVZ Minerals Ltd | 0% | 0% | 0.78 | $2,752,409,203 |
| INF | Infinity Lithium | 0% | -13% | 0.105 | $48,572,170 |
| INR | Ioneer Ltd | 0% | -8% | 0.35 | $738,294,477 |
| LKE | Lake Resources | 0% | -64% | 0.29 | $412,508,965 |
| LPD | Lepidico Ltd | 0% | -19% | 0.013 | $99,297,974 |
| PSC | Prospect Res Ltd | 0% | 8% | 0.13 | $60,093,730 |
| TKL | Traka Resources | 0% | 38% | 0.011 | $9,584,622 |
| TON | Triton Min Ltd | 0% | -8% | 0.033 | $51,524,735 |
| BMM | Balkanminingandmin | 0% | -36% | 0.21 | $10,032,123 |
| AX8 | Accelerate Resources | 0% | -9% | 0.021 | $7,971,637 |
| BYH | Bryah Resources Ltd | 0% | -26% | 0.019 | $6,564,600 |
| FG1 | Flynngold | 0% | -45% | 0.055 | $7,474,265 |
| IMI | Infinitymining | 0% | -38% | 0.17 | $13,001,314 |
| LRV | Larvottoresources | 0% | -3% | 0.155 | $10,424,482 |
| RAG | Ragnar Metals Ltd | 0% | 110% | 0.024 | $9,100,437 |
| CTN | Catalina Resources | 0% | -60% | 0.004 | $4,953,948 |
| TEM | Tempest Minerals | 0% | -35% | 0.015 | $7,602,325 |
| WML | Woomera Mining Ltd | 0% | -32% | 0.013 | $12,430,529 |
| AZL | Arizona Lithium Ltd | 0% | -44% | 0.035 | $96,651,769 |
| KGD | Kula Gold Limited | 0% | -28% | 0.018 | $6,717,815 |
| QXR | Qx Resources Limited | 0% | -40% | 0.025 | $22,421,558 |
| ENT | Enterprise Metals | 0% | -50% | 0.005 | $3,747,355 |
| AVW | Avira Resources Ltd | 0% | -17% | 0.0025 | $5,334,475 |
| EFE | Eastern Resources | 0% | -59% | 0.012 | $14,903,358 |
| AOA | Ausmon Resorces | 0% | -29% | 0.005 | $4,846,447 |
| SRI | Sipa Resources Ltd | 0% | -31% | 0.022 | $5,019,479 |
| RGL | Riversgold | 0% | -50% | 0.015 | $14,268,922 |
| EVR | Ev Resources Ltd | 0% | 0% | 0.014 | $13,103,777 |
| WC8 | Wildcat Resources | 0% | 463% | 0.135 | $89,852,166 |
| MNS | Magnis Energy Tech | 0% | -61% | 0.145 | $161,723,065 |
| THR | Thor Energy PLC | 0% | -33% | 0.004 | $5,837,166 |
| YAR | Yari Minerals Ltd | 0% | -12% | 0.015 | $7,235,367 |
| LLI | Loyal Lithium Ltd | 0% | 8% | 0.32 | $19,036,800 |
| LRD | Lordresourceslimited | 0% | -46% | 0.09 | $3,341,891 |
| WMC | Wiluna Mining Corp | 0% | 0% | 0.205 | $74,238,031 |
| AUN | Aurumin | 0% | -57% | 0.026 | $7,645,030 |
| ALY | Alchemy Resource Ltd | 0% | -39% | 0.014 | $16,493,068 |
| LIS | Lisenergylimited | 0% | -16% | 0.27 | $44,796,830 |
| KTA | Krakatoa Resources | 0% | -20% | 0.035 | $12,718,180 |
| DAF | Discovery Alaska Ltd | 0% | -9% | 0.029 | $6,792,806 |
| FTL | Firetail Resources | 0% | -44% | 0.089 | $6,853,000 |
| TKM | Trek Metals Ltd | 0% | 45% | 0.11 | $48,743,209 |
| CY5 | Cygnus Metals Ltd | 0% | -16% | 0.32 | $71,446,572 |
| TUL | Tulla Resources | 0% | 6% | 0.35 | $118,262,971 |
| A11 | Atlantic Lithium | 0% | -24% | 0.47 | $286,343,580 |
| VSR | Voltaic Strategic | 0% | 211% | 0.073 | $26,970,415 |
| PAT | Patriot Lithium | 0% | 0% | 0.265 | $16,267,688 |
| BUR | Burleyminerals | 0% | -16% | 0.185 | $18,329,200 |
| CHR | Charger Metals | 0% | -27% | 0.325 | $20,187,170 |
| ENT | Enterprise Metals | 0% | -50% | 0.005 | $3,747,355 |
| FIN | FIN Resources Ltd | 0% | -21% | 0.015 | $9,278,030 |
| FBM | Future Battery | 0% | 117% | 0.115 | $49,202,190 |
| XTC | Xantippe Res Ltd | 0% | -60% | 0.002 | $22,960,199 |
| KOB | Kobaresourceslimited | 0% | 18% | 0.165 | $17,393,750 |
| LRD | Lordresourceslimited | 0% | -46% | 0.09 | $3,341,891 |
| AZS | Azure Minerals | 0% | 622% | 1.625 | $634,133,617 |
| TMX | Terrain Minerals | 0% | 0% | 0.006 | $6,499,196 |
| MHC | Manhattan Corp Ltd | 0% | 82% | 0.01 | $29,362,787 |
| MHK | Metalhawk. | 0% | -18% | 0.135 | $9,189,426 |
| PLS | Pilbara Min Ltd | 0% | 35% | 5.08 | $15,260,774,278 |
| PLL | Piedmont Lithium Inc | -1% | 34% | 0.865 | $333,081,675 |
| LEL | Lithenergy | -1% | 5% | 0.805 | $83,438,100 |
| ESS | Essential Metals Ltd | -1% | 60% | 0.52 | $140,472,514 |
| LLL | Leolithiumlimited | -1% | 144% | 1.185 | $1,184,681,971 |
| EMS | Eastern Metals | -1% | -4% | 0.071 | $4,790,868 |
| ANX | Anax Metals Ltd | -1% | 26% | 0.067 | $27,838,848 |
| BNR | Bulletin Res Ltd | -2% | -37% | 0.059 | $17,615,466 |
| PMT | Patriotbatterymetals | -2% | 133% | 1.745 | $604,005,414 |
| AKE | Allkem Limited | -2% | 46% | 16.44 | $10,668,019,779 |
| GW1 | Greenwing Resources | -2% | -15% | 0.235 | $35,978,346 |
| EUR | European Lithium Ltd | -2% | 19% | 0.088 | $134,481,526 |
| ZEO | Zeotech Limited | -2% | -9% | 0.043 | $75,060,615 |
| MAN | Mandrake Res Ltd | -2% | 5% | 0.042 | $25,746,677 |
| SLM | Solismineralsltd | -2% | 1273% | 1.03 | $66,380,778 |
| M2R | Miramar | -2% | -46% | 0.041 | $3,882,438 |
| CAI | Calidus Resources | -3% | -28% | 0.195 | $121,522,032 |
| DLI | Delta Lithium | -3% | 93% | 0.915 | $490,565,341 |
| MQR | Marquee Resource Ltd | -3% | -3% | 0.036 | $12,236,178 |
| EG1 | Evergreenlithium | -3% | 0% | 0.35 | $20,242,800 |
| DAL | Dalaroometalsltd | -3% | -31% | 0.069 | $3,076,075 |
| TOR | Torque Met | -3% | -8% | 0.165 | $16,377,296 |
| NIS | Nickelsearch | -3% | -61% | 0.062 | $6,096,663 |
| LPM | Lithium Plus | -3% | -18% | 0.305 | $20,786,283 |
| EMH | European Metals Hldg | -3% | 22% | 0.7825 | $101,262,583 |
| KAI | Kairos Minerals Ltd | -3% | 34% | 0.028 | $63,338,711 |
| VMC | Venus Metals Cor Ltd | -4% | 66% | 0.13 | $25,613,372 |
| SCN | Scorpion Minerals | -4% | 10% | 0.077 | $27,656,495 |
| STM | Sunstone Metals Ltd | -4% | -35% | 0.024 | $77,049,622 |
| TYX | Tyranna Res Ltd | -4% | 0% | 0.024 | $77,660,633 |
| FRS | Forrestaniaresources | -4% | -18% | 0.115 | $11,174,689 |
| ICL | Iceni Gold | -4% | 44% | 0.115 | $25,028,571 |
| WR1 | Winsome Resources | -4% | 45% | 1.78 | $302,211,902 |
| OCN | Oceanalithiumlimited | -5% | -10% | 0.31 | $13,057,363 |
| MM1 | Midasmineralsltd | -5% | 40% | 0.28 | $21,667,577 |
| AML | Aeon Metals Ltd. | -6% | -37% | 0.017 | $19,735,211 |
| MRR | Minrex Resources Ltd | -6% | -50% | 0.016 | $18,442,748 |
| G88 | Golden Mile Res Ltd | -6% | 121% | 0.045 | $15,810,696 |
| PGD | Peregrine Gold | -6% | -25% | 0.29 | $17,391,809 |
| DTM | Dart Mining NL | -8% | -38% | 0.034 | $6,374,627 |
| MXR | Maximus Resources | -9% | -20% | 0.032 | $11,166,952 |
| CMD | Cassius Mining Ltd | -9% | 60% | 0.032 | $17,385,487 |
| SBR | Sabre Resources | -9% | 8% | 0.041 | $13,116,878 |
| NKL | Nickelxltd | -9% | -24% | 0.061 | $5,791,164 |
| WCN | White Cliff Min Ltd | -9% | -29% | 0.01 | $12,729,404 |
| LM1 | Leeuwin Metals Ltd | -10% | 0% | 0.395 | $19,705,400 |
| EMC | Everest Metals Corp | -11% | 159% | 0.205 | $29,769,615 |
| EMC | Everest Metals Corp | -11% | 159% | 0.205 | $29,769,615 |
| PAM | Pan Asia Metals | -12% | -46% | 0.22 | $38,816,576 |
| IEC | Intra Energy Corp | -17% | -38% | 0.005 | $4,234,690 |
| LSR | Lodestar Minerals | -20% | -20% | 0.004 | $9,216,987 |
Who else has news out?
Drilling is underway at Wildcat Resources’ (ASX:WC8) Tabba Tabba lithium project in the Pilbara, a stone’s throw from a 10Mt-15Mt resource surreptitiously drilled out by mining major FMG (ASX:FMG).
The 30 hole, 4600m program will target outcropping pegmatites (rocks that can contain lithium) in the northern and central mining leases.
“It is a great feeling to see Wildcat drilling at Tabba Tabba, a project that last saw drilling activity in 2014, when tantalum was prized far more than lithium,” managing director Samuel Elkins says.
“Our exploration team has done a great job to get us in this position so soon after announcing the deal to acquire this amazing asset.”
READ: These aerials show FMG has drilled out a Pilbara lithium deposit. This explorer is right next door
Near term Malian miner Leo Lithium (ASX:LLL) has awarded an open pit mining contract worth $520m over 5.5 years to “specialist West African operator” Corica.
“With the mining contractor now in place, Leo Lithium has taken another major step towards realising its target of first spodumene concentrate production in H1 2024,” LLL managing director Simon Hay says.
“We look forward to working with Corica over the long term, commencing with DSO activities this quarter.”
LLL says the 506,000tpa (ramping up to 830,000tpa) Goulamina project –- a 50/50 JV with Ganfeng — represents the next lithium project of significant scale to enter production.
More assays are in from advanced, hard drilling lithium stock Green Technology Metals (ASX:GT1) as it looks to bolster the size of its 8.1Mt @ 1.32% Li2O Root project in Canada.
New results include several hits between 16-20m thick at 1.6-1.78% Li2O. The mineralised trend is now 2.7km long, the company says.
45 holes for 7,668m have been completed from the planned 22,000m program, with assays pending for 36 holes.
In short:
Yari Minerals (ASX:YAR) — formerly zinc play Consolidated (ASX:CZL) — has refocused efforts on an early stage lithium portfolio in the Pilbara.
Drilling continues at Pan Asia Metals (ASX:PAM) Bang I Tum lithium prospect ahead of a maiden resource due later this year. An additional rig has been mobilised to accelerate the program.
Gascoyne explorer Odessa (ASX:ODE) has unearthed four “well defined and compelling” lithium drill targets at Lockier Range, ~8.5km from Delta Lithium’s (ASX:DLI) Jameson lithium discovery.
