• Bill Gates pours US$20m into replacing human rock-kickers with robots
  • Lithium Power says there is nothing to worry about
  • ASX lithium news today: VSR, SLM, NYM

 

All your lithium news, Monday, July 17

Bill Gates wants to create robot geologists to find lithium and other critical minerals needed to support our shift away from fossil fuels.

Canadian mining tech startup GeologicAI has received US$20m in a Series A funding round from the billionaire’s Breakthrough Energy Ventures (BEV) to build geologists powered by AI to analyse and interpret geological data in the search for orebodies.

GeologicAI aims to modernise the labour-intensive core logging process, where geologists have to manually enter interpreted data.

Its technology is purportedly capable of analysing rock samples and pinpointing mineralogy beneath the surface to a better degree than human mineralogists.

They say AI supported by multisensor machine vision (let’s just call keep calling them robots shall we) will be vital to achieving lower exploration costs while also being more environmentally friendly.

 

LPI says ‘we’re good’

South American brine explorer Lithium Power International (ASX:LPI) has replied to an Australian Financial Review report that it was dealing with licensing issues at its Maricunga project in Chile.

LPI told to the market that “the standing of its concessions and permitting according to Chilean law is solid and there are not, nor have there ever been, judicial processes that have had the purpose of questioning the aptitude, rights and capacity to exploit Lithium from Mining Properties constituted prior to the year 1979.”

 

Here’s how Aussie lithium stocks are tracking:

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
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32 intrepid lithium stocks pushed higher today while 58 are treading water. 77 went down.

 

WHO’S GOT NEWS OUT?

Here’s a few of today’s lithium movers and shakers with recent news.

 

VOLTAIC STRATEGIC RESOURCES (ASX:VSR)

First assays from maiden drilling at Andrada – part of VSR’s Ti Tree project in WA’s red hot Gascoyne region – have failed to hit the sweet spot.

But VSR believes the uneconomic grades encountered thus far “indicates Andrada may represent outer halo of larger mineralised system at depth”, the company says.

“[The] most prospective parts of Ti Tree [are] yet to be tested with 400+ pegmatites mapped, and 18 regional prospect areas identified,” it says.

“Deeper drilling [is] required to fully understand the potential.”

The remaining assays are due in two weeks.

Ti Tree sits around Delta Lithium (ASX:DLI) potentially monstrous Yinnetharra project, where the company recently hit 56m @ 1.12% lithium as part of an extensive multi-rig drill program.

 

SOLIS MINERALS (ASX:SLM)

(Former?) market sweetheart Solis bled out today, depsite hitting “shallow-dipping coarse spodumene rich pegmatites” in maiden drilling at the Jaguar project in Brazil.

The mineral spodumene, derived from pegmatite rock, is known for its high lithium content.

Hole one was a duster, thanks “incorrect drill orientation”, but spodumene-rich central core sections up to 20% were hit from 30m-38.2m in hole 2 and from 44.3m-52.2m in hole 3.

Drilling is ongoing, with a second rig being tendered to commence additional 5,000m program.

“Confirmation of an LCT (lithium-caesium-tantalum) bearing system that continues at depth below the artisanal workings is highly encouraging and we look forward to the arrival of a second drill rig,” SLM boss Matty Boyes says.

“As we extend our mapping and geochemical sampling programmes, we are finding evidence of a potential stacked pegmatite system.

“Multiple spodumene bearing float samples have been collected up to 1km from the central Jaguar artisanal mine area and large outcropping pegmatites, which are completely untested, have been located.”

Prior to Monday trade SLM was 1200% year-to-date after joining big brother and major shareholder Latin Resources Limited (ASX:LRS) in its Brazilian lithium hunt.

 

NARRYER METALS (ASX:NYM)

NYM has just bought five early-stage lithium projects in Canada across the highly-prospective lithium precincts of James Bay, NW Ontario and Abitibi regions.

It’s bought the tenements of Pontax East, Le Moyne, Walrus Island, Eades and Hailstone, which are a stone’s throw from established, heavier hitters like Patriot Battery Metals (ASX:PMT), Winsome Resources (ASX:WR1) , Power Metal (TSX-V:PWM), and Green Technology Metals (ASX:GT1).

NYM paid ~$800,000 in shares for the projects, packaged with options and royalties.

 

At Stockhead we tell it like it is, while Voltaic Resources is a Stockhead advertiser, they did not sponsor this article.

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