• Chinese carmaker BYD to build a plant in Brazil with capacity to produce a 150,000 EVs per year
  • A torrent of Australian, North American lithium stocks buying up projects in the country
  • ASX lithium stocks in Brazil: Latin, Solis, Gold Mountain, Oceana, SI6

All your lithium news, Wednesday July 5.

 

Warren Buffett-backed Chinese carmaker BYD is building a plant in Brazil with capacity to produce 150,000 electric vehicles per year, Bloomberg reports.

US$100bn capped BYD, the world’s biggest EV maker alongside Tesla, sold 253,046 EVs in June – a big 100% jump on the same period last year.

All up, 1.2m BYD EVs have been sold in the first half of 2023.

Its move into Brazil’s Bahia state would be its first outside Asia as it looks to “extend its geographical reach amid a global surge in sales”, Bloomberg says.

Operations are expected to start by 2024.

 

Is Brazil the next lithium hotspot?

Sigma Lithium’s (TSX.V:SGML) success at its new 270,000tpa Grota do Cirilo hard rock mine has been a positive litmus test for operating in Brazil.

It’s sparked a torrent of interest in the country’s lithium, with Solis Minerals (ASX:SLM) boss Matty Boyes recently telling Stockhead that “there are people coming at [project] owners from all angles.”

“The prices are just going exponential as you are trying to close a deal,” he says.

“There is a lot of interest from North America. American juniors, Canadian juniors are throwing big money at assets in Brazil, so you must make sure you have a network in place, people that can get these assets to you ahead of the next guy.”

 

 

ASX stocks in Brazil

Latin Resources (ASX:LRS) is the most advanced of the ASX stocks, with a 45.2Mt @ 1.34% Li2O (~1.5Mt LCE) resource at Colina, part of the Salinas project in Minas Gerais state.

Ahead of its planned PEA, another 25,000m of drilling is currently underway to expand the overall footprint of Colina to the west and southwest where the resource remains open along strike.

LRS spinout Solis announced the acquisition of the Jaguar lithium project in late May.

At Jaguar – located in Bahia state — the company says there are rock chips grading up to 4.95% Li2O along a 1km long, 50m wide spodumene-rich pegmatite body.

Drilling is already underway. It also has a lithium project in northern Brazil called Borborema and several additional acquisitions in the pipeline.

Oceana Lithium (ASX:OCN) has started a 3,000m scout drilling program to test for near-surface lithium at the 124sqkm Solonópole project.

Drilling starts at the Bom Jesus de Baixo pegmatite before moving to other peggie outcrops, the company says.

Gold Mountain (ASX:GMN) has a bunch of early-stage exploration ground near LRS and Sigma in northeastern Brazil, as does SI6 Metals (ASX:SI6).

 

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
KTA Krakatoa Resources 100% 5% 0.046 $8,357,661
MRR Minrex Resources Ltd 29% -44% 0.018 $15,188,145
TYX Tyranna Res Ltd 18% 8% 0.026 $68,341,357
AML Aeon Metals Ltd. 14% -41% 0.016 $15,349,609
LPM Lithium Plus 14% -14% 0.32 $18,476,696
WR1 Winsome Resources 12% 54% 1.9 $276,215,179
DRE Dreadnought Resources Ltd 12% -45% 0.058 $173,041,867
TKL Traka Resources 11% 25% 0.01 $7,841,963
LLO Lion One Metals Ltd 10% -16% 0.98 $11,732,731
KOB Kobaresourceslimited 10% 18% 0.165 $15,812,500
G88 Golden Mile Res Ltd 10% 175% 0.056 $16,798,865
PAM Pan Asia Metals 10% -44% 0.23 $32,605,924
EVR Ev Resources Ltd 8% -7% 0.013 $11,231,809
MTM MTM Critical Metals 8% 33% 0.105 $8,635,350
KAI Kairos Minerals Ltd 7% 39% 0.029 $58,970,524
CY5 Cygnus Metals Ltd 7% -20% 0.305 $61,030,103
INR Ioneer Ltd 6% -12% 0.335 $664,465,029
MLS Metals Australia 6% -24% 0.034 $19,969,158
EG1 Evergreenlithium 6% 0% 0.35 $18,555,900
LIS Lisenergylimited 6% -17% 0.265 $41,478,547
LNR Lanthanein Resources 6% -14% 0.018 $19,066,785
GL1 Globallith 6% -9% 1.685 $413,266,945
KGD Kula Gold Limited 6% -24% 0.019 $6,717,815
EFE Eastern Resources 5% -64% 0.0105 $12,419,465
CRR Critical Resources 5% 0% 0.043 $65,384,950
DTM Dart Mining NL 5% -22% 0.043 $7,063,776
QXR Qx Resources Limited 4% -43% 0.024 $20,627,833
MAN Mandrake Res Ltd 4% 20% 0.048 $27,542,956
ESS Essential Metals Ltd 4% 60% 0.52 $133,783,347
EMH European Metals Hldg 4% 23% 0.79 $95,637,807
LRV Larvottoresources 4% -16% 0.135 $8,743,114
NIS Nickelsearch 4% -64% 0.057 $5,239,320
PGD Peregrine Gold 4% -25% 0.29 $15,708,731
JRL Jindalee Resources 4% 1% 1.895 $105,003,508
AUN Aurumin 3% -49% 0.031 $8,225,084
AS2 Askarimetalslimited 3% -25% 0.325 $21,505,192
LIT Lithium Australia 3% -27% 0.033 $39,078,134
RAS Ragusa Minerals Ltd 3% -42% 0.067 $9,268,921
NMT Neometals Ltd 3% -36% 0.515 $276,370,588
CAI Calidus Resources 3% -33% 0.18 $106,331,778
M2R Miramar 3% -53% 0.036 $3,235,365
VMC Venus Metals Cor Ltd 3% 48% 0.2 $36,870,343
BUR Burleyminerals 3% -9% 0.2 $14,550,862
LLL Leolithiumlimited 2% 139% 1.1575 $1,115,575,523
AAJ Aruma Resources Ltd 2% -15% 0.045 $8,632,881
SRI Sipa Resources Ltd 2% -19% 0.026 $5,818,032
NWM Norwest Minerals 2% -2% 0.053 $14,436,995
CXO Core Lithium 2% -6% 0.9675 $1,765,590,954
NVA Nova Minerals Ltd 1% -47% 0.36 $74,865,936
RAG Ragnar Metals Ltd 1% 118% 0.025 $9,403,330
AKE Allkem Limited 0% 47% 16.485 $10,470,345,772
RIO Rio Tinto Limited 0% -2% 114.47 $42,374,330,828
PLS Pilbara Min Ltd 0% 38% 5.18 $15,500,629,277
ADV Ardiden Ltd 0% 0% 0.007 $18,818,347
AGY Argosy Minerals Ltd 0% -26% 0.42 $589,851,149
1MC Morella Corporation 0% -42% 0.007 $42,690,063
ASN Anson Resources Ltd 0% -8% 0.17 $211,935,384
AVZ AVZ Minerals Ltd 0% 0% 0.78 $2,752,409,203
EUR European Lithium Ltd 0% 35% 0.1 $149,423,918
GLN Galan Lithium Ltd 0% -12% 0.945 $318,385,058
LPI Lithium Pwr Int Ltd 0% -25% 0.33 $207,648,395
RLC Reedy Lagoon Corp. 0% -30% 0.007 $3,967,037
BMM Balkanminingandmin 0% -24% 0.25 $11,943,004
ARN Aldoro Resources 0% -25% 0.12 $16,130,849
AX8 Accelerate Resources 0% 4% 0.024 $9,110,442
AM7 Arcadia Minerals 0% -37% 0.13 $11,115,013
BYH Bryah Resources Ltd 0% -42% 0.015 $5,182,579
FG1 Flynngold 0% -36% 0.064 $8,697,327
MMC Mitremining 0% 7% 0.3 $11,470,530
CTN Catalina Resources 0% -70% 0.003 $3,715,461
TMB Tambourahmetals 0% 5% 0.11 $4,531,186
WCN White Cliff Min Ltd 0% -50% 0.007 $7,369,963
WML Woomera Mining Ltd 0% -26% 0.014 $13,386,724
KZR Kalamazoo Resources 0% -45% 0.115 $17,836,453
SCN Scorpion Minerals 0% 21% 0.085 $29,385,026
AZI Altamin Limited 0% -3% 0.078 $30,553,907
ENT Enterprise Metals 0% -50% 0.005 $3,647,355
AVW Avira Resources Ltd 0% -33% 0.002 $4,267,580
LSR Lodestar Minerals 0% -10% 0.0045 $8,295,288
AOA Ausmon Resorces 0% -57% 0.003 $2,907,868
VKA Viking Mines Ltd 0% 20% 0.012 $12,303,101
IPT Impact Minerals 0% 86% 0.013 $36,981,151
RGL Riversgold 0% -47% 0.016 $15,220,183
EPM Eclipse Metals 0% -13% 0.014 $28,392,837
MNS Magnis Energy Tech 0% -57% 0.16 $178,453,037
THR Thor Energy PLC 0% -33% 0.004 $5,840,051
YAR Yari Minerals Ltd 0% -6% 0.016 $7,717,725
MXR Maximus Resources 0% -25% 0.03 $9,571,673
LLI Loyal Lithium Ltd 0% 8% 0.32 $19,036,800
LRD Lordresourceslimited 0% -49% 0.086 $3,193,362
WMC Wiluna Mining Corp 0% 0% 0.205 $74,238,031
ALY Alchemy Resource Ltd 0% -39% 0.014 $16,493,068
DAF Discovery Alaska Ltd 0% -13% 0.028 $6,558,572
DAL Dalaroometalsltd 0% -30% 0.07 $3,032,750
TUL Tulla Resources 0% 6% 0.35 $118,262,971
CMD Cassius Mining Ltd 0% 95% 0.039 $19,372,400
PL3 Patagonia Lithium 0% 0% 0.185 $9,065,648
ENT Enterprise Metals 0% -50% 0.005 $3,647,355
FIN FIN Resources Ltd 0% -16% 0.016 $9,896,566
FBM Future Battery 0% 136% 0.125 $53,480,642
XTC Xantippe Res Ltd 0% -60% 0.002 $22,960,199
LRD Lordresourceslimited 0% -49% 0.086 $3,193,362
IEC Intra Energy Corp 0% -38% 0.005 $3,528,908
WES Wesfarmers Limited 0% 8% 49.73 $56,450,143,116
LTR Liontown Resources 0% 113% 2.805 $6,188,338,197
MIN Mineral Resources. 0% -6% 72.6 $14,167,914,915
IR1 Irismetals -1% 50% 1.74 $139,527,500
IGO IGO Limited -1% 15% 15.53 $11,836,095,917
ZNC Zenith Minerals Ltd -1% -63% 0.098 $34,885,707
ZEO Zeotech Limited -1% -5% 0.0445 $76,766,538
CHR Charger Metals -1% -12% 0.39 $19,340,925
OCN Oceanalithiumlimited -1% 12% 0.385 $15,278,835
GT1 Greentechnology -1% -10% 0.745 $160,798,030
MM1 Midasmineralsltd -1% 75% 0.35 $26,074,541
BNR Bulletin Res Ltd -2% -31% 0.064 $19,083,422
PLL Piedmont Lithium Inc -2% 36% 0.875 $340,738,725
PSC Prospect Res Ltd -2% 15% 0.1375 $64,716,325
PAT Patriot Lithium -2% 0% 0.265 $16,574,626
VUL Vulcan Energy -2% -31% 4.38 $749,662,148
MQR Marquee Resource Ltd -2% 14% 0.042 $14,220,423
QPM Queensland Pacific -2% -7% 0.1025 $183,366,532
EMC Everest Metals Corp -2% 159% 0.205 $27,180,953
EMC Everest Metals Corp -2% 159% 0.205 $27,180,953
SYA Sayona Mining Ltd -3% -3% 0.185 $1,907,436,225
AZL Arizona Lithium Ltd -3% -40% 0.037 $104,487,715
A11 Atlantic Lithium -3% -11% 0.55 $344,221,538
DLI Delta Lithium -3% 82% 0.865 $463,310,408
REC Rechargemetals -3% 156% 0.345 $37,482,488
TON Triton Min Ltd -3% -11% 0.032 $51,524,735
LKE Lake Resources -3% -62% 0.305 $448,070,083
A8G Australasian Metals -3% -26% 0.14 $7,557,472
LEL Lithenergy -3% 8% 0.83 $88,588,600
STM Sunstone Metals Ltd -4% -27% 0.027 $86,295,577
LRS Latin Resources Ltd -4% 209% 0.3025 $823,778,444
VSR Voltaic Strategic -4% 266% 0.086 $33,251,197
INF Infinity Lithium -5% -13% 0.105 $50,885,130
FTL Firetail Resources -5% -34% 0.105 $8,470,000
SGQ St George Min Ltd -5% -40% 0.041 $36,141,954
WC8 Wildcat Resources -6% 588% 0.165 $116,465,007
GW1 Greenwing Resources -6% -11% 0.245 $38,976,542
TEM Tempest Minerals -6% -30% 0.016 $8,615,968
PNN Power Minerals Ltd -6% -25% 0.395 $30,716,399
GSM Golden State Mining -7% -9% 0.039 $6,059,097
LPD Lepidico Ltd -8% -31% 0.011 $91,659,669
LM1 Leeuwin Metals Ltd -9% 0% 0.42 $20,601,100
TKM Trek Metals Ltd -9% 32% 0.1 $48,283,959
RMX Red Mount Min Ltd -10% -10% 0.0045 $11,359,255
EMS Eastern Metals -11% -27% 0.054 $4,058,930
FRS Forrestaniaresources -12% -18% 0.115 $11,510,567
IMI Infinitymining -12% -45% 0.15 $13,001,314
SRZ Stellar Resources -15% -15% 0.011 $13,077,535
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WHO’S GOT NEWS OUT?

Red hot Azure Minerals (ASX:AZS) has picked up another 32sqkm of ground next to its flagship Andover project, where it’s currently drilling out a potentially monstrous lithium deposit.

AZS’ ground now covers all identified pegmatites (rocks that can contain lithium) in the district, it says.

The company currently has five rigs site drilling for lithium, with another mobilising to site as we speak.

The addition of extra rigs “is being assessed”, it says. Wowsers.

Infill (close spaced) drilling ahead of a maiden resource will kick off shortly, it says.

 

Krakatoa Resources (ASX:KTA) has picked up a bunch of high-grade rock chips – peak assay 4.3% Li2O – at Wilsons, part of the King Tamba project near Mount Magnet in WA.

The outcropping peggies at Wilsons (3-4m wide, +250m long) were historically drilled for tantalum but never assayed for lithium, KTA says.

Mineralogy is underway to determine which minerals – spodumene (ideal) or lepidolite (less ideal, but still ok) – are hosting the elevated lithium within these rock samples.

Drill planning is also underway.

 

Dynamic Metals (ASX:DYM) will take up to 2000 soil samples as part of an early-stage exploration program at the Pioneer Dome project.

Pioneer Dome is right next door to Essential Metals’ (ASX:ESS) in-demand 11.2Mt @ 1.2% Li2O Dome North asset.

READ: More M&A to brighten your day as Develop and Ramelius pounce on lithium and gold

If some decent targets are acquired drilling will kick off later in the year, DYM says.

 

Accelerate Resources (ASX:AX8) has applied for more ground neighbouring Global Lithium Resources’ (ASX:GL1) 18Mt Archer deposit.

Two of the four tenement applications are subject to competing applications by other companies, with final ownership to be decided by ballot.

AX8 now has ~800 km2 of exploration tenure in WA’s Pilbara.

Results of an initial mapping/rock chip sampling program to evaluate new targets are pending.

 

Michael Fotios-led Scorpion Minerals (ASX:SCN) has reported reasonable widths and grades in lithium drilling at the Youanmi project in WA.

Final results from the program included a highlight of 5m @ 1.13% Li2O from 79m, 9m @ 0.90% Li2O from 108m, and 6m @ 0.92% Li2O from 113m.

SCN reckons these mineralised peggies (up to 1km long, 5-15m wide) are ‘stacked’ on top of each other.

More drilling to define the size and scale of this “considerable lithium project” is now being planned.

 

Oceana Lithium (ASX:OCN) is the latest to pick up ground in the increasingly crowded James Bay region of Quebec, Canada.

The 104sqkm Monaro project shares the same geological setting as Winsome Resources’ (ASX:WR1) recent Adina lithium discovery 30km away, OCN says.

The area has also attracted the attention of Rio Tinto (ASX:RIO), which recently entered an option agreement to acquire 70% interest in a number of lithium exploration properties, including the Galinée property that is proximal to Monaro, by spending up to C$65m.

A new $4.1m placement at 32c per share will underpin exploration at Monaro.

A fully funded drill program is currently underway at the Solonópole project in Brazil, with first assays due in 6-8 weeks.

 

In Short:

Gold-focused Torque Metals (ASX:TOR) has successfully applied for new tenements close to the large Bald Hill lithium mine in WA, “with potential for battery minerals”.

Sabre Resources (ASX:SBR) is fast-tracking a lithium targeting program at the Sherlock Bay nickel project, down the road from Azure Minerals’ Andover discoveries.

Iceni Gold (ASX:ICL) is also taking a closer look at a recently identified 10km long lithium target on its tenure in WA.

Terrain Minerals (ASX:TMX) has started drilling for lithium and gold on its Smokebush project in WA. Assays from a previous drilling program – which hit thick pegmatite – are due in August, the company says.

TOR, SBR, ICL and TMX share price charts