Pic: BMW Group
Eye on Lithium: BMW counting on better battery cells to power EV ambition
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- BMW Group says it will produce round lithium-ion cells with longer ranges and faster charging
- To supply the battery cells needed for the NEUE KLASSE models, BMW Group has awarded contracts for construction of battery cell factories to CATL and EVE Energy
- Red Dirt acquires Electrostate, the 100% holder of Yinnetharra in Western Australia’s Gascoyne region
All your lithium news, Monday September 12.
The BMW Group says it is taking a huge leap in technology for energy density, charging speed and range with its plans to use newly developed round battery cells from 2025 within its NEUE KLASSE models.
These sixth generation BMW round cells come with a lower cobalt content and a higher nickel content on the cathode side.
On the anode side, the silicon content will be increased and as a result, the cell’s volumetric energy density will improve by more than 20 percent.
The company says these cells will be produced at roughly half the cost of the prismatic cells BWW currently uses in battery cell factories across six locations in key markets – two in China, two in Europe and two in North America with an annual capacity of up to 20 GWh.
BMW Group says it has already awarded contracts in the two-digit billion-euro range for construction of battery cell factories to China’s CATL and EVE Energy.
“We have also reached agreement with our partners that they will use a percentage of secondary material for the raw materials lithium, cobalt and nickel, as well as utilising green power for production, to ensure CO2-reduced manufacturing,” BMW Group Service and Sales Manager Joachim Pusch says.
Here’s how ASX lithium stocks are tracking:
| CODE | COMPANY | PRICE | % TODAY | % WEEK | % MONTH | MARKET CAP |
|---|---|---|---|---|---|---|
| IPT | Impact Minerals | 0.007 | -13% | -13% | -13% | $19,850,964 |
| PGD | Peregrine Gold | 0.69 | -10% | -6% | -5% | $29,815,598 |
| EPM | Eclipse Metals | 0.023 | -8% | 5% | 5% | $50,606,421 |
| SRZ | Stellar Resources | 0.014 | -7% | -7% | -15% | $14,477,964 |
| VUL | Vulcan Energy | 8.18 | -5% | 9% | -8% | $1,239,850,354 |
| AZI | Altamin Limited | 0.09 | -5% | -5% | 0% | $37,213,091 |
| DAF | Discovery Alaska Ltd | 0.076 | -5% | 1% | 81% | $17,938,776 |
| ZNC | Zenith Minerals Ltd | 0.3 | -5% | 0% | 0% | $108,600,118 |
| KZR | Kalamazoo Resources | 0.225 | -4% | 0% | 0% | $34,614,178 |
| CZL | Cons Zinc Ltd | 0.023 | -4% | 0% | -4% | $9,296,588 |
| ZEO | Zeotech Limited | 0.048 | -4% | -4% | -24% | $78,095,774 |
| WCN | White Cliff Min Ltd | 0.026 | -4% | 24% | 86% | $17,647,291 |
| AM7 | Arcadia Minerals | 0.265 | -4% | 2% | 71% | $12,841,920 |
| MRR | Minrex Resources Ltd | 0.053 | -4% | 6% | -7% | $59,206,934 |
| QXR | Qx Resources Limited | 0.03 | -3% | 3% | -25% | $26,640,232 |
| PLL | Piedmont Lithium Inc | 0.91 | -3% | 9% | 23% | $495,916,552 |
| MNS | Magnis Energy Tech | 0.485 | -3% | 1% | 28% | $485,165,742 |
| WC8 | Wildcat Resources | 0.033 | -3% | 27% | 22% | $21,939,273 |
| TUL | Tulla Resources | 0.505 | -3% | 4% | -3% | $83,312,773 |
| LTR | Liontown Resources | 1.755 | -3% | 8% | 4% | $3,964,565,807 |
| PAM | Pan Asia Metals | 0.41 | -2% | -5% | -11% | $31,046,502 |
| INR | Ioneer Ltd | 0.68 | -2% | 10% | -1% | $1,458,203,183 |
| MXR | Maximus Resources | 0.05 | -2% | -4% | -17% | $16,264,194 |
| A8G | Australasian Metals | 0.275 | -2% | 6% | -5% | $11,527,738 |
| KTA | Krakatoa Resources | 0.06 | -2% | -3% | 5% | $21,027,305 |
| AKE | Allkem Limited | 15.7 | -2% | 19% | 30% | $10,170,646,472 |
| RDT | Red Dirt Metals Ltd | 0.675 | -1% | 14% | 50% | $208,619,782 |
| JRL | Jindalee Resources | 2.53 | -1% | -4% | -8% | $146,890,153 |
| NVA | Nova Minerals Ltd | 0.87 | -1% | -3% | 10% | $161,621,922 |
| ESS | Essential Metals Ltd | 0.51 | -1% | 20% | -2% | $127,453,454 |
| CAI | Calidus Resources | 0.61 | -1% | 9% | -20% | $269,235,749 |
| LLL | Leolithiumlimited | 0.625 | -1% | 17% | 28% | $621,593,855 |
| LKE | Lake Resources | 1.2875 | -1% | 21% | 4% | $1,800,015,953 |
| 1MC | Morella Corporation | 0.028 | 0% | 12% | 33% | $161,438,082 |
| AML | Aeon Metals Ltd. | 0.03 | 0% | 7% | 7% | $32,802,923 |
| ASN | Anson Resources Ltd | 0.39 | 0% | 26% | 160% | $401,895,593 |
| AVZ | AVZ Minerals Ltd | 0.78 | 0% | 0% | 0% | $2,752,409,203 |
| CXO | Core Lithium | 1.595 | 0% | 24% | 14% | $2,770,826,593 |
| LIT | Lithium Australia | 0.061 | 0% | -19% | -27% | $74,398,236 |
| TKL | Traka Resources | 0.007 | 0% | 0% | 0% | $4,821,422 |
| TON | Triton Min Ltd | 0.032 | 0% | 14% | 14% | $40,281,094 |
| BMM | Balkan Mining and Minerals | 0.27 | 0% | 46% | 35% | $8,842,500 |
| ARN | Aldoro Resources | 0.255 | 0% | 2% | -4% | $25,394,766 |
| AX8 | Accelerate Resources | 0.036 | 0% | -5% | 3% | $9,736,520 |
| EMS | Eastern Metals | 0.12 | 0% | -4% | -17% | $4,638,750 |
| FG1 | Flynngold | 0.095 | 0% | -4% | 9% | $6,085,800 |
| GSM | Golden State Mining | 0.052 | 0% | -7% | 0% | $6,084,739 |
| LRV | Larvottoresources | 0.235 | 0% | 4% | -2% | $9,760,138 |
| MMC | Mitremining | 0.165 | 0% | 27% | 50% | $4,469,042 |
| TSC | Twenty Seven Co. Ltd | 0.002 | 0% | 14% | -5% | $5,321,628 |
| WML | Woomera Mining Ltd | 0.016 | 0% | 7% | 0% | $10,989,329 |
| KGD | Kula Gold Limited | 0.021 | 0% | 5% | -25% | $4,518,688 |
| PNN | Power Minerals Ltd | 0.655 | 0% | 34% | 9% | $40,326,825 |
| SCN | Scorpion Minerals | 0.082 | 0% | 4% | 37% | $27,210,158 |
| ENT | Enterprise Metals | 0.01 | 0% | 11% | -29% | $6,529,807 |
| AVW | Avira Resources Ltd | 0.004 | 0% | 0% | 14% | $8,475,160 |
| RMX | Red Mount Min Ltd | 0.007 | 0% | 0% | 8% | $11,496,547 |
| LSR | Lodestar Minerals | 0.007 | 0% | 0% | 0% | $12,169,061 |
| AOA | Ausmon Resorces | 0.008 | 0% | -11% | 45% | $6,858,315 |
| VKA | Viking Mines Ltd | 0.008 | 0% | 0% | 14% | $8,202,067 |
| SRI | Sipa Resources Ltd | 0.045 | 0% | 0% | 2% | $9,226,116 |
| VMC | Venus Metals Cor Ltd | 0.17 | 0% | 6% | -3% | $27,213,376 |
| EVR | Ev Resources Ltd | 0.029 | 0% | 4% | -9% | $26,853,538 |
| THR | Thor Mining PLC | 0.012 | 0% | 20% | 26% | $13,189,960 |
| DRE | Dreadnought Resources Ltd | 0.12 | 0% | -14% | 50% | $364,924,026 |
| MM1 | Midasmineralsltd | 0.21 | 0% | 2% | -11% | $11,997,670 |
| M2R | Miramar | 0.12 | 0% | 9% | 20% | $7,702,400 |
| XTC | Xantippe Res Ltd | 0.009 | 0% | 0% | -10% | $73,131,612 |
| WMC | Wiluna Mining Corp | 0.205 | 0% | 0% | 0% | $74,238,031 |
| ALY | Alchemy Resource Ltd | 0.02 | 0% | -5% | 33% | $19,061,519 |
| GW1 | Greenwing Resources | 0.28 | 0% | 0% | 4% | $34,509,258 |
| DAL | Dalaroometalsltd | 0.105 | 0% | 5% | -5% | $3,136,875 |
| CY5 | Cygnus Gold Limited | 0.29 | 0% | -3% | 45% | $42,683,741 |
| WES | Wesfarmers Limited | 47.4 | 0% | 1% | 0% | $53,607,966,642 |
| PLS | Pilbara Min Ltd | 4.52 | 0% | 27% | 51% | $13,422,939,233 |
| GLN | Galan Lithium Ltd | 1.44 | 1% | 18% | 5% | $435,534,930 |
| CHR | Charger Metals | 0.535 | 1% | 14% | 3% | $17,267,949 |
| AZL | Arizona Lithium Ltd | 0.089 | 1% | 9% | -5% | $212,073,449 |
| EUR | European Lithium Ltd | 0.088 | 1% | 4% | -7% | $121,820,808 |
| MQR | Marquee Resource Ltd | 0.077 | 1% | 7% | -8% | $23,986,936 |
| RIO | Rio Tinto Limited | 95.78 | 2% | 6% | -4% | $35,027,961,953 |
| WR1 | Winsome Resources | 0.33 | 2% | 25% | 18% | $43,912,048 |
| OCN | Oceanalithiumlimited | 0.645 | 2% | 6% | 26% | $21,288,375 |
| NWM | Norwest Minerals | 0.056 | 2% | -11% | 40% | $9,933,406 |
| MLS | Metals Australia | 0.053 | 2% | 4% | -15% | $31,565,882 |
| IGO | IGO Limited | 14.59 | 2% | 16% | 22% | $10,836,502,404 |
| LRS | Latin Resources Ltd | 0.1225 | 2% | 11% | 30% | $234,371,238 |
| AUN | Aurumin | 0.1175 | 2% | 2% | -24% | $14,410,321 |
| STM | Sunstone Metals Ltd | 0.045 | 2% | 0% | -4% | $114,243,642 |
| LPI | Lithium Pwr Int Ltd | 0.665 | 2% | 16% | 6% | $226,944,151 |
| MIN | Mineral Resources. | 73.49 | 3% | 25% | 23% | $13,544,062,721 |
| CRR | Critical Resources | 0.0485 | 3% | 13% | -13% | $69,936,716 |
| PSC | Prospect Res Ltd | 0.096 | 3% | -3% | -31% | $42,990,130 |
| GT1 | Greentechnology | 0.8 | 3% | 19% | 7% | $147,822,255 |
| AOU | Auroch Minerals Ltd | 0.063 | 3% | -7% | -23% | $22,637,820 |
| NMT | Neometals Ltd | 1.57 | 3% | 19% | 18% | $839,566,692 |
| LPD | Lepidico Ltd | 0.031 | 3% | 7% | 3% | $195,215,737 |
| KAI | Kairos Minerals Ltd | 0.031 | 3% | 11% | -6% | $58,922,805 |
| MTM | Mtmongerresources | 0.15 | 3% | 7% | 15% | $5,438,955 |
| EFE | Eastern Resources | 0.029 | 4% | -3% | -3% | $28,188,460 |
| LNR | Lanthanein Resources | 0.058 | 4% | -3% | 142% | $53,918,232 |
| AGY | Argosy Minerals Ltd | 0.4925 | 4% | 37% | 22% | $648,780,530 |
| BYH | Bryah Resources Ltd | 0.028 | 4% | -3% | -3% | $7,539,844 |
| LRD | Lordresourceslimited | 0.26 | 4% | 33% | -2% | $8,321,155 |
| FTL | Firetail Resources | 0.26 | 4% | 0% | 4% | $15,445,625 |
| LIS | Lisenergylimited | 0.605 | 4% | 14% | -17% | $96,230,228 |
| IR1 | Irismetals | 1.7 | 5% | 54% | 254% | $98,913,750 |
| QPM | Queensland Pacific | 0.1575 | 5% | 13% | 5% | $234,541,970 |
| MMG | Monger Gold Ltd | 0.51 | 5% | 32% | 96% | $19,419,400 |
| IMI | Infinitymining | 0.2 | 5% | 0% | 48% | $10,925,000 |
| TEM | Tempest Minerals | 0.04 | 5% | 3% | -15% | $19,181,115 |
| RAG | Ragnar Metals Ltd | 0.039 | 5% | 15% | -15% | $14,029,841 |
| RGL | Riversgold | 0.038 | 6% | 12% | 15% | $27,906,838 |
| LEL | Lithenergy | 1.215 | 6% | 28% | 17% | $51,922,500 |
| SHH | Shree Minerals Ltd | 0.009 | 6% | 13% | 6% | $10,527,139 |
| G88 | Golden Mile Res Ltd | 0.036 | 6% | 3% | 24% | $6,956,052 |
| AAJ | Aruma Resources Ltd | 0.071 | 6% | 1% | -11% | $10,516,421 |
| TKM | Trek Metals Ltd | 0.068 | 6% | -7% | 5% | $19,879,050 |
| BNR | Bulletin Res Ltd | 0.16 | 7% | 19% | 14% | $43,888,665 |
| EMH | European Metals Hldg | 0.855 | 7% | 20% | 10% | $95,790,779 |
| SYA | Sayona Mining Ltd | 0.35 | 8% | 37% | 35% | $2,698,905,361 |
| RAS | Ragusa Minerals Ltd | 0.275 | 8% | 28% | 202% | $32,804,237 |
| INF | Infinity Lithium | 0.205 | 8% | 17% | 41% | $78,852,483 |
| TYX | Tyranna Res Ltd | 0.049 | 9% | 44% | 53% | $106,013,730 |
| GL1 | Globallith | 2.39 | 9% | 41% | 40% | $347,549,181 |
| DTM | Dart Mining NL | 0.11 | 10% | 0% | 57% | $13,526,016 |
| TMB | Tambourahmetals | 0.16 | 10% | 14% | -9% | $5,972,927 |
| AS2 | Askarimetalslimited | 0.395 | 11% | 23% | -1% | $15,999,591 |
| RLC | Reedy Lagoon Corp. | 0.018 | 13% | 13% | 13% | $8,918,831 |
| ADV | Ardiden Ltd | 0.008 | 14% | 0% | -11% | $18,678,347 |
| FRS | Forrestaniaresources | 0.29 | 16% | 93% | 61% | $8,340,326 |
56 lithium stocks ended the day in the green, 42 fell flat and 33 ended the day in red territory.
Who’s got news out?
RED DIRT METALS (ASX:RDT)
Red Dirt has acquired lithium explorer Electrostate, the 100% holder of the Yinnetharra lithium Project in Western Australia’s Gascoyne region.
RDT managing director Matthew Boyes says the project represents an early-stage LCT bearing project with scope and scale.
“This acquisition builds the company’s lithium portfolio and offers excellent growth potential as well as a future pipeline of projects which are complementary to our flagship Mt Ida Project,” he says.
“Mt Ida remains on track as our priority near-term project and is focused on accelerating a path towards production.”
Boyes added when assessing the prospectivity of the project, the team were attracted by the multiple pegmatite occurrences near surface and outcropping over an extensive area.
Drilling has confirmed spodumene mineralisation within pegmatite intersections, with hits of up to 16m at 0.95% Li2O from 14m and 26m at 0.95% Li2O from surface.
RDT is fast-tracking mobilisation and the start of an initial drilling program prior to the end of the year.
TULLA RESOURCES (ASX:TUL)
TUL has received the results from a 8,000m drilling campaign undertaken by Mineral Resources (ASX:MIN) at the Buldania Lithium Project, pursuant to the lithium JV entered into with Mineral Resources and Pantoro South – the manager of the unincorporated JV.
Tulla currently holds 50% of the project while the other 50% is held by Pantoro through its wholly owned subsidiary Pantoro South via a farm-in and JV agreement.
Both companies entered a binding term sheet with a subsidiary of MIN back on December 14.
Elevated lithium values have been returned from rock chip sampling of outcropping pegmatites, initially spotted following a program of reconnaissance work.
No prior work on the lithium potential had been conducted prior to this, with the program representing the first drilling campaign on the tenement.
Best results include 9m at 1.26% Li2O and 151ppm tantalum oxide from 30m, 8m at 1.10% Li2O and 118ppm tantalum oxide from 53m and 6m at 1.02% and 103ppm tantalum oxide from 64m.
A forward work program including additional drilling, auger soil sampling, aerial geophysical surveys and flora and fauna surveys are now underway.
LITHIUM ENERGY (ASX:LEL)
Drilling has kicked off across Lithium Energy’s flagship Solaroz Lithium Brine Project in Argentina, within the heart of the Lithium Triangle.
The first hole, adjacent to Allkem’s Olaroz Lithium Facility, is underway in a program that will comprise 10 holes for 5,000m in hopes to validate the exploration target and define a mineral resource.
LEL executive chairman Willian Johnson says the company has engaged consultant hydrologist Murray Brooker, who has extensive lithium experience at the Olaroz Salar, where Solaroz is located.
“Brooker has previously acted as the competent person preparing JORC reports for Allkem on their neighbouring lithium production project to Solaroz.
“His extensive experience at the Olaroz Salar is expected to be extremely valuable as he assists Lithium Energy to prepare its own maiden JORC Mineral Resource for Solaroz,” he explains.
Lithium Energy is also continuing the interpretation of recent geophysics results to determine optimal location for subsequent drill holes in the 5,000-metre drilling program.
LIONTOWN RESOURCES (ASX:LTR)
Liontown Resources says its Kathleen Valley lithium mine in the northern Goldfields will boast the largest off-grid wind, solar and battery storage capacity of any mine in Australia.
The $3.9 billion capped developer says it will have a renewables penetration of more than 60% once operations of the 500,000tpa lithium spodumene mine begin in the first half of 2024.
Constructed by Zenith Energy, the 95MW hybrid renewables has and diesel plant will include five wind turbines capable of generating 6MW each, a 16MWp fixed axis solar PV array and 17MW/19MWh battery storage system, alongside 27MW of gas and 5MW of diesel standby generation.
Importantly the thermal power generation will be able to operate in “engine off” mode, meaning 100% renewable energy is possible at times of high solar and wind resource.
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