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Mining
All your lithium news, Tuesday January 24.
China’s largest battery producer, CATL, and largest cobalt miner, China Molybdenum (CMOC) have been picked to lead a consortium (known as CBC) into the development of Bolivia’s lithium reserves.
According to Reuters, the agreement was announced at an event in the political capital La Paz and will see the group undertake direct lithium extraction from the Uyuni and Oruro salt flats in Bolivia.
Bolivia holds the world’s largest lithium resources at 21Mt but almost no industrial production or commercially viable reserves. This deal is an attempt to unlock the country’s potential as a supplier of the material for batteries.
It allows the Consortium to develop two lithium plants – each with an annual production capacity of up to 25,000t of battery grade lithium carbonate annually – with the first phase involving an investment of more than $1bn from CBC.
| CODE | COMPANY | PRICE | % TODAY | MARKET CAP |
|---|---|---|---|---|
| CMD | Cassius Mining Ltd | 0.031 | 24% | $10,212,323 |
| CRR | Critical Resources | 0.052 | 13% | $73,155,300 |
| FRS | Forrestaniaresources | 0.185 | 9% | $10,351,522 |
| LLI | Loyal Lithium Ltd | 0.42 | 8% | $20,471,100 |
| GLN | Galan Lithium Ltd | 1.23 | 7% | $351,331,216 |
| NWM | Norwest Minerals | 0.066 | 6% | $13,770,658 |
| CY5 | Cygnus Gold Limited | 0.43 | 6% | $74,469,056 |
| SRI | Sipa Resources Ltd | 0.035 | 6% | $7,529,218 |
| RDT | Red Dirt Metals Ltd | 0.535 | 6% | $224,047,032 |
| MM1 | Midasmineralsltd | 0.195 | 5% | $10,569,376 |
| LPI | Lithium Pwr Int Ltd | 0.5 | 5% | $298,821,341 |
| WML | Woomera Mining Ltd | 0.02 | 5% | $18,167,063 |
| MLS | Metals Australia | 0.062 | 5% | $35,815,135 |
| AOU | Auroch Minerals Ltd | 0.063 | 5% | $25,670,708 |
| LNR | Lanthanein Resources | 0.021 | 5% | $19,631,511 |
| MIN | Mineral Resources. | 95.97 | 5% | $17,355,408,435 |
| MTM | Mtmongerresources | 0.087 | 5% | $4,733,010 |
| BNR | Bulletin Res Ltd | 0.11 | 5% | $30,827,066 |
| IGO | IGO Limited | 15.81 | 4% | $11,480,180,045 |
| PLS | Pilbara Min Ltd | 5.035 | 4% | $14,480,192,637 |
| FG1 | Flynngold | 0.1 | 4% | $7,519,060 |
| LRS | Latin Resources Ltd | 0.125 | 4% | $264,198,590 |
| LLL | Leolithiumlimited | 0.5725 | 4% | $542,661,302 |
| BYH | Bryah Resources Ltd | 0.026 | 4% | $7,031,337 |
| AKE | Allkem Limited | 13.855 | 4% | $8,506,358,867 |
| SYA | Sayona Mining Ltd | 0.27 | 4% | $2,258,551,123 |
| LTR | Liontown Resources | 1.525 | 4% | $3,228,759,965 |
| AX8 | Accelerate Resources | 0.028 | 4% | $10,195,247 |
| RAG | Ragnar Metals Ltd | 0.014 | 4% | $5,118,996 |
| MMC | Mitremining | 0.295 | 4% | $7,719,254 |
| LPD | Lepidico Ltd | 0.0155 | 3% | $114,566,576 |
| GL1 | Globallith | 2.18 | 3% | $449,795,570 |
| DRE | Dreadnought Resources Ltd | 0.097 | 3% | $290,434,453 |
| EFE | Eastern Resources | 0.0165 | 3% | $18,805,217 |
| ALY | Alchemy Resource Ltd | 0.0165 | 3% | $18,849,220 |
| CZL | Cons Zinc Ltd | 0.0175 | 3% | $8,200,083 |
| AS2 | Askarimetalslimited | 0.71 | 3% | $34,048,415 |
| SCN | Scorpion Minerals | 0.075 | 3% | $25,236,552 |
| GSM | Golden State Mining | 0.043 | 2% | $4,914,597 |
| KZR | Kalamazoo Resources | 0.22 | 2% | $31,996,165 |
| INR | Ioneer Ltd | 0.47 | 2% | $965,235,603 |
| ZNC | Zenith Minerals Ltd | 0.25 | 2% | $86,167,981 |
| LEL | Lithenergy | 0.795 | 2% | $46,917,000 |
| PLL | Piedmont Lithium Inc | 0.91 | 2% | $378,996,700 |
| GW1 | Greenwing Resources | 0.315 | 2% | $45,898,248 |
| AZL | Arizona Lithium Ltd | 0.067 | 2% | $161,205,306 |
| VUL | Vulcan Energy | 6.89 | 1% | $973,925,694 |
| EUR | European Lithium Ltd | 0.083 | 1% | $118,837,612 |
| AAJ | Aruma Resources Ltd | 0.086 | 1% | $13,341,728 |
| LIT | Lithium Australia | 0.0475 | 1% | $57,396,009 |
| GT1 | Greentechnology | 0.95 | 1% | $179,294,089 |
| CXO | Core Lithium | 1.1225 | 1% | $2,060,929,303 |
| WES | Wesfarmers Limited | 49.285 | 1% | $55,531,609,248 |
| ESS | Essential Metals Ltd | 0.5075 | 0% | $134,868,680 |
| RIO | Rio Tinto Limited | 126.73 | 0% | $46,914,305,125 |
| ADV | Ardiden Ltd | 0.008 | 0% | $21,506,683 |
| 1MC | Morella Corporation | 0.015 | 0% | $91,478,707 |
| AML | Aeon Metals Ltd. | 0.029 | 0% | $31,795,618 |
| ASN | Anson Resources Ltd | 0.19 | 0% | $223,868,435 |
| AVZ | AVZ Minerals Ltd | 0.78 | 0% | $2,752,409,203 |
| EMH | European Metals Hldg | 0.66 | 0% | $83,052,099 |
| INF | Infinity Lithium | 0.13 | 0% | $60,136,972 |
| PSC | Prospect Res Ltd | 0.12 | 0% | $55,471,135 |
| RLC | Reedy Lagoon Corp. | 0.01 | 0% | $5,667,196 |
| TKL | Traka Resources | 0.007 | 0% | $5,059,422 |
| TON | Triton Min Ltd | 0.037 | 0% | $51,163,015 |
| ARN | Aldoro Resources | 0.23 | 0% | $25,969,833 |
| EMS | Eastern Metals | 0.085 | 0% | $3,320,475 |
| IMI | Infinitymining | 0.26 | 0% | $19,884,363 |
| LRV | Larvottoresources | 0.185 | 0% | $12,442,124 |
| CTN | Catalina Resources | 0.009 | 0% | $11,146,382 |
| WCN | White Cliff Min Ltd | 0.013 | 0% | $9,792,707 |
| KGD | Kula Gold Limited | 0.027 | 0% | $9,752,722 |
| QXR | Qx Resources Limited | 0.052 | 0% | $46,636,841 |
| AZI | Altamin Limited | 0.078 | 0% | $30,553,907 |
| ENT | Enterprise Metals | 0.009 | 0% | $6,345,726 |
| KAI | Kairos Minerals Ltd | 0.024 | 0% | $47,138,244 |
| AVW | Avira Resources Ltd | 0.003 | 0% | $6,401,370 |
| RMX | Red Mount Min Ltd | 0.005 | 0% | $9,941,744 |
| CAI | Calidus Resources | 0.405 | 0% | $177,886,194 |
| A8G | Australasian Metals | 0.195 | 0% | $8,028,246 |
| SRZ | Stellar Resources | 0.013 | 0% | $13,060,202 |
| LSR | Lodestar Minerals | 0.005 | 0% | $8,692,187 |
| AOA | Ausmon Resorces | 0.007 | 0% | $6,001,025 |
| VKA | Viking Mines Ltd | 0.008 | 0% | $8,202,067 |
| IPT | Impact Minerals | 0.011 | 0% | $27,295,076 |
| VMC | Venus Metals Cor Ltd | 0.155 | 0% | $27,602,196 |
| RGL | Riversgold | 0.029 | 0% | $27,418,564 |
| RAS | Ragusa Minerals Ltd | 0.11 | 0% | $15,685,866 |
| EPM | Eclipse Metals | 0.023 | 0% | $46,645,375 |
| EVR | Ev Resources Ltd | 0.016 | 0% | $14,863,745 |
| MNS | Magnis Energy Tech | 0.42 | 0% | $407,539,223 |
| MXR | Maximus Resources | 0.04 | 0% | $12,762,231 |
| M2R | Miramar | 0.078 | 0% | $5,513,176 |
| WMC | Wiluna Mining Corp | 0.205 | 0% | $74,238,031 |
| AUN | Aurumin | 0.065 | 0% | $11,554,588 |
| KTA | Krakatoa Resources | 0.043 | 0% | $14,822,526 |
| TYX | Tyranna Res Ltd | 0.025 | 0% | $60,135,633 |
| DAF | Discovery Alaska Ltd | 0.027 | 0% | $6,054,337 |
| IR1 | Irismetals | 1.16 | 0% | $72,766,800 |
| DAL | Dalaroometalsltd | 0.085 | 0% | $2,539,375 |
| TUL | Tulla Resources | 0.38 | 0% | $80,882,411 |
| A11 | Atlantic Lithium | 0.7 | 0% | $424,019,162 |
| VSR | Voltaic Strategic | 0.026 | 0% | $7,967,197 |
| AGY | Argosy Minerals Ltd | 0.6625 | 0% | $933,930,986 |
| WR1 | Winsome Resources | 1.975 | -1% | $279,273,662 |
| NMT | Neometals Ltd | 0.875 | -1% | $486,412,235 |
| LKE | Lake Resources | 0.8175 | -1% | $1,148,953,200 |
| PNN | Power Minerals Ltd | 0.5 | -1% | $36,483,636 |
| EMC | Everest Metals Corp | 0.099 | -1% | $10,643,311 |
| CHR | Charger Metals | 0.38 | -1% | $16,830,032 |
| BMM | Balkanminingandmin | 0.37 | -1% | $16,789,505 |
| JRL | Jindalee Resources | 2.04 | -1% | $118,774,460 |
| PGD | Peregrine Gold | 0.58 | -2% | $22,863,615 |
| DTM | Dart Mining NL | 0.055 | -2% | $8,714,751 |
| LIS | Lisenergylimited | 0.3775 | -2% | $63,876,962 |
| STM | Sunstone Metals Ltd | 0.043 | -2% | $115,299,642 |
| ZEO | Zeotech Limited | 0.042 | -2% | $70,550,344 |
| LRD | Lordresourceslimited | 0.19 | -3% | $6,491,964 |
| SGQ | St George Min Ltd | 0.074 | -3% | $63,436,450 |
| MRR | Minrex Resources Ltd | 0.035 | -3% | $39,055,230 |
| NVA | Nova Minerals Ltd | 0.65 | -3% | $140,736,268 |
| WC8 | Wildcat Resources | 0.029 | -3% | $19,860,682 |
| FTL | Firetail Resources | 0.14 | -3% | $9,425,000 |
| PAM | Pan Asia Metals | 0.38 | -4% | $58,007,958 |
| G88 | Golden Mile Res Ltd | 0.024 | -4% | $5,114,744 |
| TKM | Trek Metals Ltd | 0.071 | -4% | $26,931,936 |
| QPM | Queensland Pacific | 0.115 | -4% | $209,561,751 |
| OCN | Oceanalithiumlimited | 0.41 | -5% | $15,658,020 |
| MQR | Marquee Resource Ltd | 0.04 | -5% | $13,742,715 |
| PAT | Patriot Lithium | 0.3 | -5% | $18,258,188 |
| AM7 | Arcadia Minerals | 0.225 | -6% | $11,207,494 |
| TEM | Tempest Minerals | 0.027 | -7% | $14,638,219 |
| XTC | Xantippe Res Ltd | 0.0055 | -8% | $61,752,208 |
| LLO | Lion One Metals Ltd | 1.06 | -10% | $13,591,588 |
| TMB | Tambourahmetals | 0.12 | -11% | $5,561,001 |
| THR | Thor Energy PLC | 0.006 | -14% | $10,187,190 |
A total of 53 stocks finished in the green, 52 fell flat and 32 tumbled into the red.
Modelling of the Chubb lithium project, which Burley Minerals is in the process of acquiring, has outlined a substantial exploration target with at least five parallel stacked lithium-bearing spodumene dykes that are open along strike and at depth.
“Drilling and clearing permits have been lodged to test all five lodes over a strike potential of 1,200m to vertical depths of up to 250m,” the company said.
“The new and extended Program of Works (PoW) Application is forecast to see drilling approvals granted in early February with drilling aimed to commence in late February.”
Gold Mountain has restructured its Brazilian lithium JV portfolio, acquiring an additional 55% in the Juremal, Custodia, Jacurici, Cerro Cora and Porta D’Agua projects after reaching a purchase agreement with joint venture (JV) partner Mars Mines.
The now simplified JV structure flowing from this reworked agreement will give Gold Mountain much more control over the quantum, location and timing of exploration related expenditures on these assets.
GMN says the consolidation of all these highly prospective Brazilian lithium assets will now be managed in-house under a single, newly created “Brazilian Lithium Projects” business unit.
Senior Gold Mountain staff are scheduled to travel to Brazil in late January or early February 2023 to plan and implement a staged exploration program with the aim of identifying drill targets in these now majority-owned assets.
High-grade lithium drill results from pegmatites at the Waratah Well Project in Western Australia’s Murchison region have been received, returning 14m at 1% Li2O, including 8m at 1.5% Li2O and 10m at 1.4% Li2O, as well as 6m at 2% Li2O.
The current drill program, consisting of 13 RC holes, was designed to assess potential changes in lithium mineralogy below the depth of weathering and possible lithium depletion of lithium mineralisation intersected in drilling completed in mid-2022.
Zenith says this has been confirmed with planning underway for a follow-up drill program to define the extents of lithium mineralisation that remains open to the north, south and east under shallow soil cover.
Patriot has appointed Natacha Garoute to chief financial officer effective immediately as Dusan Berka steps down.
Garoute has more than 20 years’ experience with both TSX and ASX listed companies with international exposure.
She most recently held the position of CFO at Champion Iron Ore (ASX:CIA) and was CFO and Corporate Secretary with TSX-listed Roxgold between 2013 and 2018.
LRS has received the latest assays from diamond drilling completed in late 2022, which confirm the company’s assessment that the Colina West Prospect represents an exceptional resource growth opportunity.
Stand out results include 13.73m at 1.38% Li2O from 200.19m, 11.16m at 1.61% Li2O from 360.17m, 15.96m at 1.56% Li2O from 350.09m, and 10.85m at 1.96% Li20 from 322.15m.
LRS geology manager Tony Greenaway says the Colina West area is shaping up to be a critical new discovery.
“The thick high‐ grade mineralisation we have encountered here is on par with, or arguably better that the main Colina deposit.
“The potential scale of the Colina West discovery, highlighted by these latest results, means that this area is a major focus for our current 2023 drilling campaign.”
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