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Mining
All your ASX lithium news for Tuesday, April 5.
Demand for lithium will jump fivefold by the end of the decade, according to BloombergNEF.
BNEF forecasts that around $14 billion of investment is needed to finance lithium resource and refining capacity by 2025.
Plus, as much as another $5 billion will be needed by 2030.
Just last week, Benchmark Mineral Intelligence Boss Simon Moores flagged that EV makers need to actually get involved with mining if they want to make EVs at scale.
And there are some signs that governments, producers, and consumers are now recognising the scale of that task.
“Tesla Inc. signed two recent supply pacts with developers of future projects in Australia, while Ganfeng Lithium Co. — one of the world’s largest producers — said last week it’ll use record profits to support a huge expansion program, aimed at delivering the eventual capacity of 600,000 tonnes of lithium carbonate equivalent, compared to the production of about 89,000 tonnes now,” BNEF said.
And China’s authorities have even called for quicker development of a domestic lithium sector that already dominates world production – highlighting growth prospects in Qinghai, Sichuan and Jiangxi provinces.
“In the U.S., President Joe Biden last week added battery metals, including lithium, to a list of items covered by the Defence Production Act, meaning companies can access funding to boost output or to study potential new developments,” BNEF says.
Lithium stocks missing from our list? Shoot a friendly mail to [email protected]
| Code | Company | Price | % Month | % Week | % Today | Market Cap |
|---|---|---|---|---|---|---|
| FG1 | Flynngold | 0.205 | 24% | 46% | 37% | $9,609,157.50 |
| MTM | Mtmongerresources | 0.215 | 30% | 13% | 19% | $6,238,805.94 |
| MMC | Mitremining | 0.215 | 10% | 16% | 16% | $5,010,743.50 |
| DTM | Dart Mining NL | 0.083 | -2% | -3% | 12% | $9,212,328.82 |
| AOA | Ausmon Resorces | 0.01 | 43% | 25% | 11% | $7,715,604.09 |
| TON | Triton Min Ltd | 0.033 | 14% | 14% | 10% | $37,283,525.31 |
| BYH | Bryah Resources Ltd | 0.055 | 15% | 15% | 10% | $11,310,358.75 |
| WCN | White Cliff Min Ltd | 0.036 | 38% | 44% | 9% | $21,470,671.17 |
| VKA | Viking Mines Ltd | 0.012 | 0% | 9% | 9% | $11,277,842.74 |
| IPT | Impact Minerals | 0.013 | 0% | 8% | 8% | $26,285,539.03 |
| GSM | Golden State Mining | 0.105 | 33% | 28% | 8% | $8,059,534.55 |
| RGL | Riversgold | 0.105 | 289% | 88% | 8% | $45,708,976.13 |
| KGD | Kula Gold Limited | 0.05 | 11% | 6% | 6% | $10,113,254.70 |
| SRI | Sipa Resources Ltd | 0.051 | -6% | 6% | 6% | $9,841,190.54 |
| A8G | Australasian Metals | 0.54 | 15% | 17% | 6% | $20,486,951.94 |
| MIN | Mineral Resources. | 59.7 | 25% | 21% | 6% | $10,662,482,913.06 |
| BMM | Balkanminingandmin | 0.38 | 41% | 17% | 6% | $11,790,000.00 |
| PNN | PepinNini Minerals | 0.6 | 46% | 36% | 5% | $34,894,438.98 |
| EMS | Eastern Metals | 0.23 | 10% | 24% | 5% | $7,832,000.00 |
| AZI | Altamin Limited | 0.097 | 43% | 33% | 4% | $36,165,091.54 |
| AAJ | Aruma Resources Ltd | 0.16 | 86% | 67% | 3% | $24,329,032.97 |
| RAG | Ragnar Metals Ltd | 0.033 | 22% | 6% | 3% | $11,925,916.45 |
| FRS | Forrestaniaresources | 0.36 | -8% | 3% | 3% | $9,834,581.40 |
| LIT | Lithium Australia NL | 0.1125 | 7% | 2% | 2% | $113,702,184.64 |
| AM7 | Arcadia Minerals | 0.27 | 23% | 8% | 2% | $9,273,012.50 |
| G88 | Golden Mile Res Ltd | 0.069 | 17% | 17% | 1% | $13,649,817.75 |
| EPM | Eclipse Metals | 0.0365 | 59% | 30% | 1% | $69,160,550.87 |
| PLL | Piedmont Lithium Inc | 1.035 | 29% | 5% | 1% | $540,760,070.00 |
| AKE | Allkem Limited | 13.415 | 35% | 19% | 1% | $8,487,229,124.66 |
| EUR | European Lithium Ltd | 0.16 | 60% | 7% | 0% | $184,301,503.84 |
| GXY | Galaxy Resources | 0 | -100% | -100% | 0% | $2,715,139,305.12 |
| TKL | Traka Resources | 0.012 | 9% | 20% | 0% | $8,265,294.73 |
| SHH | Shree Minerals Ltd | 0.016 | -6% | 0% | 0% | $19,555,790.27 |
| TMB | Tambourahmetals | 0.28 | 30% | 12% | 0% | $11,533,927.44 |
| TSC | Twenty Seven Co. Ltd | 0.004 | -11% | 0% | 0% | $10,643,255.62 |
| SCN | Scorpion Minerals | 0.069 | -3% | 11% | 0% | $18,595,927.25 |
| NVA | Nova Minerals Ltd | 0.95 | 61% | 19% | 0% | $171,192,170.75 |
| RMX | Red Mount Min Ltd | 0.009 | 13% | -5% | 0% | $14,781,274.72 |
| CAI | Calidus Resources | 0.98 | 24% | -1% | 0% | $394,251,067.84 |
| RDT | Red Dirt Metals Ltd | 0.71 | 34% | 8% | 0% | $212,426,297.28 |
| MQR | Marquee Resource Ltd | 0.1225 | 17% | 17% | 0% | $26,778,818.75 |
| LSR | Lodestar Minerals | 0.018 | 38% | 29% | 0% | $31,291,872.26 |
| ZNC | Zenith Minerals Ltd | 0.425 | 23% | 20% | 0% | $146,159,265.88 |
| RIO | Rio Tinto Limited | 120.04 | -5% | 1% | -1% | $44,790,948,381.24 |
| PGD | Peregrine Gold | 0.545 | 5% | 11% | -1% | $21,057,667.95 |
| LPI | Lithium Pwr Int Ltd | 0.95 | 48% | 48% | -1% | $335,179,054.08 |
| PSC | Prospect Res Ltd | 0.89 | 5% | 2% | -1% | $388,164,309.30 |
| INR | Ioneer Ltd | 0.765 | 46% | 42% | -1% | $1,620,175,009.23 |
| SRZ | Stellar Resources | 0.028 | 8% | 4% | -2% | $23,863,124.84 |
| GLN | Galan Lithium Ltd | 2.19 | 60% | 27% | -2% | $678,783,817.26 |
| MNS | Magnis Energy Tech | 0.52 | 21% | 8% | -2% | $511,866,224.37 |
| JRL | Jindalee Resources | 3.63 | 22% | 20% | -2% | $204,806,713.86 |
| PLS | Pilbara Min Ltd | 3.54 | 26% | 11% | -2% | $10,776,139,778.66 |
| LPD | Lepidico Ltd | 0.041 | 28% | 11% | -2% | $263,541,935.92 |
| MM1 | Midasmineralsltd | 0.2 | 25% | 21% | -2% | $10,954,815.63 |
| RLC | Reedy Lagoon Corp. | 0.037 | 48% | 23% | -3% | $20,837,574.74 |
| INF | Infinity Lithium | 0.18 | 16% | 13% | -3% | $76,743,446.59 |
| WC8 | Wildcat Resources | 0.036 | 20% | 6% | -3% | $23,875,090.90 |
| KZR | Kalamazoo Resources | 0.355 | 22% | -5% | -3% | $52,995,946.51 |
| IMI | Infinitymining | 0.175 | 3% | 6% | -3% | $10,350,000.00 |
| M2R | Miramar | 0.175 | 6% | 9% | -3% | $8,966,703.60 |
| IGO | IGO Limited | 14.575 | 20% | 5% | -3% | $11,359,017,195.00 |
| AX8 | Accelerate Resources | 0.067 | 49% | 18% | -3% | $17,488,664.03 |
| EVR | Ev Resources Ltd | 0.065 | 25% | 25% | -3% | $62,040,932.76 |
| EMH | European Metals Hldg | 1.44 | 20% | 16% | -3% | $209,053,793.03 |
| GT1 | Greentechnology | 0.91 | 13% | 3% | -3% | $99,640,000.00 |
| PAM | Pan Asia Metals | 0.55 | 4% | 7% | -4% | $41,985,427.08 |
| FFX | Firefinch Ltd | 1.205 | 73% | 24% | -4% | $1,476,554,026.25 |
| VUL | Vulcan Energy | 10.17 | 12% | 4% | -4% | $1,396,754,404.90 |
| CHR | Charger Metals | 0.86 | 26% | 25% | -4% | $29,307,931.20 |
| AGY | Argosy Minerals Ltd | 0.51 | 59% | 28% | -5% | $709,221,136.44 |
| NWM | Norwest Minerals | 0.061 | 9% | 0% | -5% | $11,558,872.77 |
| GL1 | Globallith | 2.6 | 59% | 20% | -5% | $430,839,793.02 |
| EFE | Eastern Resources | 0.06 | 22% | 22% | -5% | $62,351,635.88 |
| NMT | Neometals Ltd | 1.83 | 23% | 13% | -5% | $1,055,624,562.30 |
| STM | Sunstone Metals Ltd | 0.076 | -3% | -1% | -5% | $179,161,678.32 |
| SYA | Sayona Mining Ltd | 0.3125 | 140% | 42% | -5% | $2,342,807,349.30 |
| LTR | Liontown Resources | 2.005 | 29% | 10% | -5% | $4,647,517,419.76 |
| ASN | Anson Resources Ltd | 0.16 | 28% | 19% | -6% | $173,646,764.35 |
| ESS | Essential Metals Ltd | 0.56 | 60% | 24% | -6% | $145,384,299.20 |
| WML | Woomera Mining Ltd | 0.0235 | 38% | 31% | -6% | $17,170,826.65 |
| AML | Aeon Metals Ltd. | 0.077 | 54% | 31% | -6% | $70,996,328.82 |
| DRE | Dreadnought Resources Ltd | 0.046 | 15% | 15% | -6% | $139,095,494.00 |
| ADV | Ardiden Ltd | 0.015 | 25% | 7% | -6% | $42,570,277.70 |
| AVW | Avira Resources Ltd | 0.0075 | 50% | 36% | -6% | $16,950,320.00 |
| 1MC | Morella Corporation | 0.0365 | 52% | 4% | -6% | $201,872,345.45 |
| ARN | Aldoro Resources | 0.29 | -19% | -8% | -6% | $27,818,962.59 |
| RAS | Ragusa Minerals Ltd | 0.087 | 64% | 6% | -6% | $11,686,178.19 |
| QPM | Queensland Pacific | 0.21 | 40% | 17% | -7% | $347,200,454.48 |
| LKE | Lake Resources | 2.28 | 130% | 36% | -7% | $3,120,016,900.70 |
| CRR | Critical Resources | 0.092 | 19% | 21% | -7% | $147,053,263.70 |
| CXO | Core Lithium | 1.48 | 56% | 22% | -8% | $2,744,099,547.20 |
| VMC | Venus Metals Cor Ltd | 0.185 | 3% | 3% | -8% | $30,215,736.60 |
| LEL | Lithenergy | 1.04 | 14% | 19% | -8% | $50,625,000.00 |
| AVZ | AVZ Minerals Ltd | 1.2275 | 34% | 4% | -8% | $4,591,243,896.40 |
| QXR | Qx Resources Limited | 0.083 | 77% | 46% | -8% | $74,777,608.89 |
| AS2 | Askarimetalslimited | 0.59 | 57% | 11% | -8% | $24,729,322.88 |
| LRS | Latin Resources Ltd | 0.17 | 336% | 124% | -8% | $298,393,186.83 |
| WR1 | Winsome Resources | 0.51 | 44% | 10% | -8% | $74,625,296.67 |
| MLS | Metals Australia | 0.16 | 82% | 60% | -9% | $63,687,416.63 |
| ENT | Enterprise Metals | 0.02 | 43% | 54% | -9% | $14,182,230.81 |
| KAI | Kairos Minerals Ltd | 0.029 | 32% | 4% | -9% | $62,786,991.71 |
| MXR | Maximus Resources | 0.075 | 17% | 10% | -10% | $26,386,178.74 |
| MRR | Minrex Resources Ltd | 0.079 | 36% | 32% | -10% | $78,487,287.38 |
| THR | Thor Mining PLC | 0.017 | 21% | 21% | -11% | $17,738,373.27 |
| BNR | Bulletin Res Ltd | 0.27 | 80% | 32% | -11% | $88,468,272.55 |
| LRV | Larvottoresources | 0.24 | 30% | 0% | -13% | $11,332,062.50 |
| CZL | Cons Zinc Ltd | 0.041 | 46% | 41% | -13% | $14,163,817.21 |
| AZL | Arizona Lithium Ltd | 0.2075 | 48% | 38% | -14% | $488,707,004.88 |
| TEM | Tempest Minerals | 0.105 | 357% | 25% | -19% | $51,727,116.74 |
Only 29 stocks were in the green today, with 14 flatlining and a whopping 67 in the red.
Extensive quartz veining and potentially lithium-bearing pegmatites were observed in the field by the crew undertaking soil sampling at the company’s Albion project in WA.
Limited historical exploration programs on the tenement have mainly targeted gold and nickel, “there is no recorded exploration for lithium-bearing pegmatites and we are excited to test this additional opportunity on the tenement,” the company says.
Further reconnaissance mapping and sampling will be undertaken to evaluate the size and potential for lithium pegmatites across the project area.
The company has confirmed lithium mineralisation at the Bengal prospect at its Tambourah project, mapping the location of historical results collected by Fortsecue (ASX:FMG) in 2018, including:
CEO Julian Ford said detailed geological mapping along the granite-greenstone contact is underway and will further explore the 6kms of strike length of contact between the Tambourah granite dome and the greenstone units.
A8G says the Exploration License (EL) 32830, representing the ‘Mt Peake’ lithium project in the Northern Territory, has been successfully granted by the Mines Department.
“The granting of the Mt Peake exploration license allows us to be more aggressive with our on-ground exploration,” MD Dr Qingtao Zeng said.
“The soil sampling program successfully identified the northwest striking structures which are consistent with the DGPR interpretation.
“This gives us added confidence in our exploration strategy in identifying potentially mineralised pegmatites and helps to firm up our future drilling targets.”
MinRes and US partner Albemarle will speed up the return of their giant Wodgina mine in WA’s Pilbara region as lithium concentrate prices continue to rise, with spodumene spot sales in China averaging US$5750/t.
The first 250,000tpa train at Wodgina will be ready to produce spodumene in May.
Before it’s even reopened the owners have approved the resumption of production at the second train, with first concentrate expected in July – and more expansions are on the cards.
“MinRes and Albemarle have also agreed to review the state of global lithium market towards the end of this calendar year to assess timing for the start-up of Train 3 and the possible construction of Train 4,” MinRes said, a ramp up that would make Wodgina a million tonne a year operation.
Plus, MinRes and Ganfeng have also agreed to upgrade their Mt Marion mine near Kalgoorlie-Boulder immediately from 450,000t to 600,000tpa this month to capitalise on the lithium boom.
A second stage expansion will incorporate a dense media separation plant upgrade by the end of the year to take its full run rate to 900,000tpa of mixed grade spodumene or the equivalent of 600,000tpa at a 6% grade.
And the first train of the Kemerton lithium hydroxide plant MinRes is building with Albemarle in a 40-60 partnership is expected to produce its first battery grade chemicals in May after spodumene feed was introduced recently, with a second train targeting mechanical completion and first product in the December quarter.
First pass prospecting at Tambourah gold project and identified the presence of pegmatite rocks at several sites across the project area.
And they’re hosted in the Soansville Group Formation which hosts Pilbara Minerals’ (ASX:PLS) Pilgangora Lithium Deposit (226Mt at 1.29% Li2O) and Mineral Rersources’ (ASX:MRL) Wodgina Lithium deposit (236Mt at 1.2% Li2O).
Follow-up prospecting is being undertaken to assess these initial sites and more widely across the project to identify more potential pegmatite sites.
Mapping and sampling for pegmatites will commence in the upcoming weeks.”
The company says up to 50 pegmatite occurrences indicate the potential for rare earth element (REE) and/or lithium mineralisation at the 210sqkm ‘Lang Well’ project in WA.
But there’s been no mineral exploration between 2010 and the company securing the ground in 2019 – and there has been no systematic exploration for lithium or REEs
Miramar will shortly complete soil and rock chip sampling across the northern pegmatite trend.
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