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Eye on Lithium: Carmakers, governments developing mandatory ‘passport’ to track carbon footprint of EU batteries
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- The battery passport would track the carbon footprint and lifecycle of batteries made or deployed in the EU
- Lithium Energy nabs government approvals for exploration at Solaroz project
- Xantippe exercises option to acquire La Sofia lithium brine tenement in Argentina
All your ASX lithium news for Wednesday, April 27.
A consortium of carmakers and battery manufacturers plan to develop a battery passport to track the carbon footprint and lifecycle of batteries made or deployed in the EU.
Funded by €8.2m from the German government, the consortium includes BMW and Volkswagen as well as battery chemical companies Umicore and BASF.
It’s part of a three-year pilot project to develop the technical standards needed for the battery passport scheme in line with the EU’s new battery regulation expected to come into law later this year. The new regulations require battery passports for all batteries used in the EU by 2026.
UK-based supply chain traceability company Circulor will implement the project’s digital passport technology.
“Electric vehicle OEMs and supply chain participants can track the physical flow of critical materials from extraction to final production, as well as associated ESG characteristics,” Circulor said.
From raw materials to repairs
Essentially, the battery passport would provide digital data on the carbon footprint of the battery and its lifecycle, including any repairs.
The passport would also record info on the battery’s origins, such as the working conditions of people involved in the mining of raw materials and recycled material content.
The idea is that the data will give consumers greater clarity about the origins and impact of the batteries they are purchasing, and keeping track of important information for battery recyclers.
From 2024, batteries sold in the EU must disclose their carbon footprints and comply with a CO2 emissions limit.
And as of 2027, the European Commission previously proposed that battery and car manufacturers be required to announce the amount of recycled material in any batteries made.
From 1 January 2030, these batteries must contain a minimum 12pc of recycled cobalt, 85pc lead, 4pc lithium and 4pc nickel.
By 2035 this would increase to 20pc cobalt, 10pc lithium and 12pc nickel.
Here’s how ASX lithium stocks are tracking today:
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| Code | Company | Price | % Month | % Week | % Today | Market Cap |
|---|---|---|---|---|---|---|
| IMI | Infinitymining | 0.225 | 32% | 25% | 13% | $11,500,000.00 |
| RMX | Red Mount Min Ltd | 0.01 | 11% | 11% | 11% | $14,781,274.72 |
| VKA | Viking Mines Ltd | 0.012 | 0% | 0% | 9% | $11,277,842.74 |
| MXR | Maximus Resources | 0.088 | 33% | 6% | 9% | $25,750,367.21 |
| LEL | Lithenergy | 1.07 | 16% | 4% | 8% | $44,550,000.00 |
| RGL | Riversgold | 0.07 | 29% | -13% | 8% | $34,222,771.25 |
| WC8 | Wildcat Resources | 0.042 | 27% | 17% | 8% | $25,165,636.35 |
| CRR | Critical Resources | 0.1075 | 38% | 26% | 8% | $148,630,604.40 |
| LSR | Lodestar Minerals | 0.015 | 7% | -6% | 7% | $24,338,122.87 |
| XTC | Xantippe Res Ltd | 0.015 | 88% | 0% | 7% | $107,302,746.59 |
| MLS | Metals Australia | 0.16 | 68% | -3% | 7% | $57,522,492.30 |
| NWM | Norwest Minerals | 0.059 | -5% | 4% | 5% | $10,114,013.67 |
| TKL | Traka Resources | 0.0105 | -5% | 5% | 5% | $6,887,745.61 |
| ZNC | Zenith Minerals Ltd | 0.425 | 13% | -6% | 5% | $139,281,182.78 |
| AUN | Aurumin | 0.1975 | 7% | 4% | 4% | $19,042,417.88 |
| IPT | Impact Minerals | 0.0135 | 4% | -10% | 4% | $28,476,000.62 |
| WML | Woomera Mining Ltd | 0.028 | 47% | 12% | 4% | $18,544,492.78 |
| EVR | Ev Resources Ltd | 0.057 | 4% | -12% | 4% | $50,929,123.91 |
| RAS | Ragusa Minerals Ltd | 0.089 | 6% | -1% | 3% | $10,806,573.38 |
| LRD | Lordresourceslimited | 0.31 | 0% | 55% | 3% | $9,235,386.30 |
| ALY | Alchemy Resource Ltd | 0.033 | 154% | 43% | 3% | $30,475,036.48 |
| M2R | Miramar | 0.195 | 22% | 8% | 3% | $9,464,853.80 |
| PNN | PepinNini Minerals | 0.815 | 83% | -15% | 3% | $48,795,229.37 |
| KGD | Kula Gold Limited | 0.048 | 2% | -8% | 2% | $10,113,254.70 |
| ASN | Anson Resources Ltd | 0.1375 | -2% | -5% | 2% | $138,768,165.23 |
| CAI | Calidus Resources | 0.975 | -1% | -9% | 2% | $386,205,127.68 |
| G88 | Golden Mile Res Ltd | 0.067 | 5% | 5% | 2% | $13,248,352.52 |
| IGO | IGO Limited | 12.96 | -5% | -8% | 1% | $9,670,309,972.01 |
| FRS | Forrestaniaresources | 0.345 | 1% | -1% | 1% | $9,553,593.36 |
| QPM | Queensland Pacific | 0.1725 | -9% | -9% | 1% | $262,329,232.27 |
| QXR | Qx Resources Limited | 0.07 | 15% | -8% | 1% | $58,433,500.15 |
| MIN | Mineral Resources. | 55.36 | 14% | -10% | 1% | $10,343,633,266.89 |
| AKE | Allkem Limited | 11.97 | 9% | -11% | 1% | $7,549,871,738.24 |
| INR | Ioneer Ltd | 0.655 | 18% | -10% | 1% | $1,358,856,459.35 |
| PSC | Prospect Res Ltd | 0.95 | 7% | 5% | 1% | $407,572,524.77 |
| CXO | Core Lithium | 1.35 | 11% | -10% | 0% | $2,309,071,691.82 |
| 1MC | Morella Corporation | 0.036 | 6% | 9% | 0% | $186,343,703.50 |
| AOA | Ausmon Resorces | 0.009 | 13% | -25% | 0% | $7,715,604.09 |
| AVW | Avira Resources Ltd | 0.006 | 0% | 0% | 0% | $12,712,740.00 |
| AZL | Arizona Lithium Ltd | 0.18 | 16% | -8% | 0% | $400,377,031.02 |
| CHR | Charger Metals | 0.695 | -7% | -9% | 0% | $22,643,819.33 |
| EUR | European Lithium Ltd | 0.1 | -29% | -5% | 0% | $138,291,363.60 |
| GT1 | Greentechnology | 1.155 | 28% | 7% | 0% | $122,430,000.00 |
| GXY | Galaxy Resources | 0 | -100% | -100% | 0% | $2,715,139,305.12 |
| JRL | Jindalee Resources | 4.38 | 46% | -9% | 0% | $251,319,871.08 |
| KAI | Kairos Minerals Ltd | 0.029 | 4% | -3% | 0% | $56,900,711.24 |
| LIT | Lithium Australia NL | 0.1 | -13% | -9% | 0% | $103,476,122.40 |
| MMC | Mitremining | 0.18 | 3% | -5% | 0% | $4,875,318.00 |
| MMG | Monger Gold Ltd | 0.29 | 9% | -6% | 0% | $7,250,000.00 |
| MQR | Marquee Resource Ltd | 0.13 | 13% | 0% | 0% | $35,482,296.98 |
| SHH | Shree Minerals Ltd | 0.013 | -28% | -13% | 0% | $15,889,079.60 |
| SRI | Sipa Resources Ltd | 0.049 | -9% | 0% | 0% | $10,046,215.35 |
| SRZ | Stellar Resources | 0.029 | 4% | 4% | 0% | $24,281,776.15 |
| STM | Sunstone Metals Ltd | 0.068 | -17% | -14% | 0% | $172,381,934.06 |
| WCN | White Cliff Min Ltd | 0.028 | 12% | -10% | 0% | $18,300,894.14 |
| RIO | Rio Tinto Limited | 108.62 | -7% | -11% | 0% | $40,373,475,434.64 |
| PAM | Pan Asia Metals | 0.54 | -8% | -8% | -1% | $40,143,960.98 |
| AAJ | Aruma Resources Ltd | 0.095 | -2% | -49% | -1% | $15,068,304.29 |
| MNS | Magnis Energy Tech | 0.45 | -13% | -8% | -1% | $439,432,324.70 |
| VUL | Vulcan Energy | 8.49 | -17% | -7% | -1% | $1,132,147,774.00 |
| PLS | Pilbara Min Ltd | 2.625 | -18% | -10% | -1% | $7,918,378,953.38 |
| BMM | Balkanminingandmin | 0.35 | 3% | -4% | -1% | $11,626,250.00 |
| INF | Infinity Lithium | 0.1675 | -4% | 2% | -1% | $70,521,004.97 |
| ZEO | Zeotech Limited | 0.063 | -2% | 2% | -2% | $97,594,590.08 |
| ESS | Essential Metals Ltd | 0.61 | 26% | -14% | -2% | $151,492,883.20 |
| AM7 | Arcadia Minerals | 0.29 | 12% | 4% | -2% | $10,322,787.50 |
| GL1 | Global Lithium Resources | 1.985 | -11% | -13% | -2% | $318,789,883.48 |
| ARN | Aldoro Resources | 0.275 | -14% | -11% | -2% | $27,779,804.92 |
| LTR | Liontown Resources | 1.4175 | -26% | -16% | -2% | $3,167,765,411.11 |
| AOU | Auroch Minerals Ltd | 0.1225 | 7% | -6% | -2% | $45,162,724.88 |
| GLN | Galan Lithium Ltd | 1.705 | 0% | -16% | -2% | $529,634,009.88 |
| EFE | Eastern Resources | 0.046 | -12% | -6% | -2% | $46,738,521.66 |
| PLL | Piedmont Lithium Inc | 0.92 | -9% | -7% | -2% | $495,916,552.00 |
| RAG | Ragnar Metals Ltd | 0.046 | 48% | 5% | -2% | $17,516,189.78 |
| AS2 | Askarimetalslimited | 0.645 | 19% | -17% | -2% | $27,136,416.78 |
| EMS | Eastern Metals | 0.21 | 8% | 5% | -2% | $7,654,000.00 |
| KZR | Kalamazoo Resources | 0.41 | 15% | -12% | -2% | $60,981,637.08 |
| MTM | Mtmongerresources | 0.2 | 8% | 3% | -2% | $7,105,306.77 |
| LPI | Lithium Pwr Int Ltd | 0.77 | 15% | -11% | -3% | $275,824,429.92 |
| GSM | Golden State Mining | 0.076 | -10% | -11% | -3% | $8,097,542.86 |
| WMC | Wiluna Mining Corp | 0.76 | -17% | -17% | -3% | $164,825,657.10 |
| SCN | Scorpion Minerals | 0.073 | 18% | -13% | -3% | $24,887,339.40 |
| LPD | Lepidico Ltd | 0.036 | -5% | -10% | -3% | $234,422,428.03 |
| MM1 | Midasmineralsltd | 0.34 | 106% | -3% | -3% | $19,053,343.75 |
| MRR | Minrex Resources Ltd | 0.068 | 3% | -8% | -3% | $63,045,569.51 |
| SYA | Sayona Mining Ltd | 0.335 | 46% | -12% | -3% | $2,475,929,756.55 |
| PGD | Peregrine Gold | 0.49 | 2% | 2% | -3% | $19,334,767.85 |
| EPM | Eclipse Metals | 0.032 | 14% | -16% | -3% | $63,397,171.63 |
| A8G | Australasian Metals | 0.47 | -2% | -8% | -3% | $19,482,689.59 |
| RLC | Reedy Lagoon Corp. | 0.031 | 0% | -11% | -3% | $17,547,431.36 |
| WR1 | Winsome Resources | 0.46 | 1% | -8% | -3% | $63,972,997.15 |
| FG1 | Flynngold | 0.15 | 7% | -9% | -3% | $9,929,462.75 |
| LKE | Lake Resources | 1.95 | 10% | -15% | -3% | $2,594,927,774.20 |
| DTM | Dart Mining NL | 0.073 | -15% | -6% | -4% | $9,461,310.68 |
| AX8 | Accelerate Resources | 0.048 | -21% | -23% | -4% | $13,172,944.95 |
| NMT | Neometals Ltd | 1.56 | -10% | -16% | -4% | $891,111,643.50 |
| FFX | Firefinch Ltd | 0.9875 | 4% | -15% | -4% | $1,216,680,517.63 |
| BNR | Bulletin Res Ltd | 0.21 | -5% | -14% | -5% | $63,818,916.48 |
| DRE | Dreadnought Resources Ltd | 0.042 | 5% | -2% | -5% | $124,902,076.24 |
| NVA | Nova Minerals Ltd | 0.71 | 0% | -15% | -5% | $134,250,702.33 |
| EMH | European Metals Hldg | 1.2 | -6% | -5% | -5% | $177,378,975.90 |
| ENT | Enterprise Metals | 0.02 | 48% | 0% | -5% | $13,537,583.96 |
| VMC | Venus Metals Cor Ltd | 0.185 | 6% | -3% | -5% | $29,460,343.19 |
| AGY | Argosy Minerals Ltd | 0.435 | 0% | -15% | -5% | $622,848,341.64 |
| AVZ | AVZ Minerals Ltd | 1 | -12% | -16% | -6% | $3,740,453,532.88 |
| TMB | Tambourahmetals | 0.25 | 2% | -9% | -6% | $10,916,038.47 |
| 1VG | Victory Goldfields | 0.165 | 3% | -3% | -6% | $6,730,175.73 |
| THR | Thor Mining PLC | 0.015 | 15% | -6% | -6% | $16,222,261.30 |
| CZL | Cons Zinc Ltd | 0.028 | -3% | -3% | -7% | $10,540,734.39 |
| AZI | Altamin Limited | 0.08 | 8% | -13% | -7% | $33,687,640.67 |
| RDT | Red Dirt Metals Ltd | 0.525 | -24% | -9% | -7% | $169,365,982.57 |
| AML | Aeon Metals Ltd. | 0.051 | -11% | -27% | -7% | $47,619,488.84 |
| TEM | Tempest Minerals | 0.085 | 270% | -23% | -8% | $36,726,324.10 |
| BYH | Bryah Resources Ltd | 0.058 | 14% | 0% | -8% | $14,251,052.03 |
| ADV | Ardiden Ltd | 0.0135 | -4% | -4% | -10% | $40,025,030.34 |
| LRS | Latin Resources Ltd | 0.15 | 97% | -23% | -12% | $286,046,163.81 |
| LRV | Larvotto Resources | 0.4 | 86% | 16% | -12% | $18,749,412.50 |
| TSC | Twenty Seven Co. Ltd | 0.0035 | 0% | -13% | -13% | $10,643,255.62 |
| TON | Triton Min Ltd | 0.029 | 7% | -12% | -15% | $42,254,662.02 |
A total of 35 stocks were in the green today, with 21 flatlining and 63 in the red.
Who’s got news out today?
The receipt of government approvals has paved the way for a major exploration program at the company’s flagship ‘Solaroz’ lithium brine project in Argentina.
Geophysics and drilling will kick off from May over all concessions to delineate a maiden JORC Mineral Resource – a must-have for all ASX listed explorers and miners.
“In our view, there is no better address in the world to be exploring for lithium than the prolific lithium triangle, and our ground is directly adjacent to or principally surrounded by two of the largest lithium discoveries globally owned by Allkem (ASX:AKE) and Lithium Americas,” LEL says.
LEL believes Solaroz lies over the same lithium rich aquifer within the Olaroz Salar from which Allkem (ASX:AKE) has been extracting and processing lithium-rich brine for sale as lithium carbonate since 2015, and from which Lithium Americas (TSE:LAC) plans to draw upon for its neighbouring Cauchari-Olaroz development project.
Xantippe has exercised its option to acquire the La Sofia lithium brine tenement in Argentina, which has a total area of 3,000 Ha in close proximity to Lake Resources (ASX:LKE) Kachi project.
“The acquisition of La Sofia adds to our strategy of extending our footprint in Catamarca and developing a Lithium product sourced from brines in South America that will offer a clean product using direct lithium extraction (DLE) which requires a smaller environmental footprint and uses less water,” MD Richard Henning said.
The company says there’s potential for development of a district scale lithium brine project with further ground acquisitions being considered.
The company has kicked off drilling at its Mt Palmer project targeting lithium bearing pegmatites.
Between 1,000m and 2,500m of reverse circulation (RC) drilling is expected to be completed, commencing at the Vickers Find South B (VFSB) target where reconnaissance field work has confirmed the presence of pegmatite in historical drilling spoils.
GOLDEN MILE RESOURCES (ASX:G88)
Golden Mile has picked up 2 exploration licences and applied for an additional 2 exploration licenses in the vicinity of its Yarrambee Project in the Murchison district of WA.
The company is targeting lithium, tungsten, and gold and says tenement E 20/1005 has mapped pegmatite with historical tungsten occurrences.
Field reconnaissance is scheduled for June in conjunction with the next drilling programme currently being planned at its nearby Yarrambee Project.
Infinity Lithium’s Spanish subsidiary Extremadura New Energies will take the lead in training up local workers around its proposed San Jose project in Spain in battery and hydrogen development programs.
Extremadura New Energies will work with EIT InnoEnergy to implement training courses for the European Battery Academy in Extremadura.
They will cover topics related to technology, business and innovation in the battery and hydrogen sector in Extremadura, where INF’s Extremadura New Energies business signed a local agreement with community business association LOABRE and the Extremadura Electric Mobility Cluster (CarEX) to launch lithium-ion battery training and development programs.
INF says the agreements provide the framework to offer specific training in energy storage, electric mobility and renewable energies.
The San Jose project recently produced battery grade lithium carbonate and hydroxide as part of a feasibility study.
Enterprise’s AC and RC drilling at the Mandilla project in WA has returned elevated lithium assays and intersected a number of pegmatites across several drill holes.
Between 1,000 and 2,000ppm Li drill pulps from RC holes into weathered felsic volcanics on the eastern flank of the Mandilla Syenite, with associated gallium, rubidium and cesium.
The company says that further AC and RC drilling at Mandilla is required to determine the extent, nature and geometry of the intersected pegmatites and the pegmatite zones that have greatest lithium prospectivity.
Pegmatite has been struck in the first 200m of a total 3,400m program at Victory’s North Stanmore Project.
A priority assay program is now planned to test for lithium and pathfinder indicators from these pegmatite occurrences.
1VG executive director Brendan Clark said it is very exciting to have identified pegmatite in drilling across a 200m section at the North Stanmore Project.
“This is the first potential lithium anomaly the company has identified across our large, underexplored tenement package, and we are now accelerating an assay program to test for lithium and pathfinder indicators from these pegmatite occurrences,” he said.
Latin has completed it’s A$35m placement to accelerate its Bananal Valley drilling program at the Salinas Lithium Project in Brazil.
Objective to delineate a maiden JORC Mineral Resource and establish scale rapidly through escalating the drilling campaign from two to four diamond drill rigs with a planned 25,000 metre drill program.
