• SVOLT eyes the construction of five battery factories across Europe
  • Koba Resources kicks off drilling program at the flagship Whitlock project
  • Red Dirt Metals’ Yinnetharra lithium project continues to deliver consistent, thick assay results

All your lithium news, Friday April 14.

 

Chinese battery maker, SVOLT Energy Technology, is looking to grow its presence in Europe with plans to build at least five factories across the continent in the north, east, and west in hopes to reach production capacity of 50 gigawatt hours by the end of the decade.

In an interview with Bloomberg, SVOLT Europe head Kai-Uwe Wollenhaupt says the battery industry in Europe is “really taking off” as discussions continue with several European automakers about battery cell agreements.

At least three of these deals are due to wrap up in the middle of the year.

Earlier this week, General Motors signalled its intention to move deeper into the mining supply chain through its plans to lead a Series B round of financing, worth up to US$50mn, to help develop EnergyX’s lithium extraction and refinery tech.

EnergyX is an American developer of direction lithium extraction technology, which can extract lithium metal directly from brine with the promise of producing cheaper, higher quality, and more environmentally friendly lithium than incumbent processes.

According to Reuters, GM believes the tech “could be the most efficient method to extract lithium from brine sources.”

 

Chinese lithium prices continue to fall

Last month Chinese lithium prices fell hard on the back of sluggish demand from battery-end markets with reports suggesting electric vehicle manufacturers had to go to extremes like reducing employee working hours on the back of quiet market activity.

According to Benchmark Material Intelligence’s (BMI) latest lithium price assessment, the April 5 – 12 reporting period was no different.

The price reporting agency says demand remained bearish, especially from the EV sector, despite more positive ESS demand sentiment.

“Sufficient stock of cells allowed EV makers to continue to draw down on their inventories and delay purchasing from battery manufacturers, which in turn weighed on the volume of orders for cathode materials placed by cell makers in China,” it says.

“Meanwhile further upstream, inventory levels with lithium converters were also reported to be high.

“Order frequency increased over the assessment period, but these orders tended to be for small volumes, as downstream players attempted to avoid paying unnecessarily high prices for material that was becoming cheaper day-on-day.”

At the same time, BMI says cathode manufacturers also maintained low stock levels, with midstream supply chain players procuring raw material volumes on a just-in-time basis, rather than maintaining an inventory buffer.

 

Here’s how ASX lithium stocks are tracking:

CODE COMPANY PRICE TODAY RETURN % MARKET CAP
WCN White Cliff Min Ltd 0.01 25% $6,272,435
NVA Nova Minerals Ltd 0.37 19% $65,375,831
EG1 Evergreenlithium 0.58 18% $27,552,700
FRS Forrestaniaresources 0.09 14% $4,810,413
QPM Queensland Pacific 0.1375 10% $218,293,490
BYH Bryah Resources Ltd 0.024 9% $6,187,576
LIT Lithium Australia 0.037 9% $41,520,517
LNR Lanthanein Resources 0.0185 9% $19,066,785
KOB Kobaresourceslimited 0.14 8% $10,107,500
LRV Larvottoresources 0.145 7% $9,079,387
GLN Galan Lithium Ltd 1.125 7% $322,261,175
LLL Leolithiumlimited 0.54 7% $498,261,741
TMB Tambourahmetals 0.093 7% $3,583,756
BMM Balkanminingandmin 0.245 7% $10,987,563
KTA Krakatoa Resources 0.033 6% $10,686,007
SGQ St George Min Ltd 0.05 6% $39,503,996
STM Sunstone Metals Ltd 0.034 6% $83,854,285
KZR Kalamazoo Resources 0.175 6% $24,929,943
ASN Anson Resources Ltd 0.18 6% $207,634,210
PAT Patriot Lithium 0.27 6% $15,526,313
IGO IGO Limited 13.485 6% $9,655,164,616
GSM Golden State Mining 0.038 6% $4,212,511
MNS Magnis Energy Tech 0.2375 6% $230,699,584
AKE Allkem Limited 11.645 5% $7,039,745,269
AAJ Aruma Resources Ltd 0.078 5% $11,615,151
EUR European Lithium Ltd 0.079 5% $111,692,938
MQR Marquee Resource Ltd 0.02 5% $6,216,943
ESS Essential Metals Ltd 0.5775 5% $147,161,682
RDT Red Dirt Metals Ltd 0.435 5% $184,719,608
CHR Charger Metals 0.33 5% $13,770,026
LRS Latin Resources Ltd 0.11 5% $231,173,766
GT1 Greentechnology 0.66 5% $120,165,188
CHR Charger Metals 0.33 5% $13,770,026
PLS Pilbara Min Ltd 3.735 5% $10,702,908,263
OCN Oceanalithiumlimited 0.345 5% $12,400,245
LPM Lithium Plus 0.245 4% $11,958,727
LEL Lithenergy 0.625 4% $36,090,000
LKE Lake Resources 0.4625 4% $632,987,895
A11 Atlantic Lithium 0.545 4% $319,851,872
CAI Calidus Resources 0.285 4% $120,876,481
NMT Neometals Ltd 0.6625 4% $353,754,353
ZNC Zenith Minerals Ltd 0.15 3% $50,997,376
LPI Lithium Pwr Int Ltd 0.325 3% $198,165,731
FTL Firetail Resources 0.1 3% $7,469,000
QXR Qx Resources Limited 0.035 3% $30,493,319
TEM Tempest Minerals 0.0195 3% $9,629,611
AGY Argosy Minerals Ltd 0.4 3% $547,718,924
VMC Venus Metals Cor Ltd 0.2 3% $34,725,343
PLL Piedmont Lithium Inc 0.805 3% $339,731,515
NWM Norwest Minerals 0.041 3% $9,894,848
PL3 Patagonia Lithium 0.205 3% $9,800,700
M2R Miramar 0.045 2% $3,437,357
GL1 Globallith 1.395 2% $290,981,494
LM1 Leeuwin Metals Ltd 0.305 2% $12,086,998
TKM Trek Metals Ltd 0.064 2% $22,928,540
PGD Peregrine Gold 0.39 1% $18,513,598
MIN Mineral Resources. 79 1% $15,051,087,630
CXO Core Lithium 0.91 1% $1,669,515,115
AZL Arizona Lithium Ltd 0.0465 1% $123,784,423
VUL Vulcan Energy 5.97 1% $849,136,982
LTR Liontown Resources 2.75 1% $6,001,781,148
EMH European Metals Hldg 0.625 0% $78,362,766
ADV Ardiden Ltd 0.008 0% $21,506,683
1MC Morella Corporation 0.01 0% $60,985,804
AML Aeon Metals Ltd. 0.023 0% $25,217,214
AVZ AVZ Minerals Ltd 0.78 0% $2,752,409,203
INF Infinity Lithium 0.125 0% $57,824,012
LPD Lepidico Ltd 0.011 0% $84,015,489
PSC Prospect Res Ltd 0.16 0% $73,961,514
RLC Reedy Lagoon Corp. 0.007 0% $3,967,037
SYA Sayona Mining Ltd 0.19 0% $1,695,245,589
TKL Traka Resources 0.007 0% $5,726,091
PAM Pan Asia Metals 0.3 0% $46,531,677
AX8 Accelerate Resources 0.024 0% $9,062,442
DTM Dart Mining NL 0.075 0% $11,671,542
FG1 Flynngold 0.094 0% $9,670,112
IMI Infinitymining 0.165 0% $12,618,923
MMC Mitremining 0.29 0% $11,088,179
RAG Ragnar Metals Ltd 0.016 0% $6,066,958
CTN Catalina Resources 0.005 0% $6,192,434
EMC Everest Metals Corp 0.069 0% $7,343,885
KGD Kula Gold Limited 0.015 0% $5,598,179
MTM Mtmongerresources 0.1 0% $7,076,025
ENT Enterprise Metals 0.008 0% $5,640,646
KAI Kairos Minerals Ltd 0.022 0% $43,210,057
AVW Avira Resources Ltd 0.003 0% $6,401,370
MRR Minrex Resources Ltd 0.016 0% $17,357,880
EFE Eastern Resources 0.011 0% $13,661,411
SRZ Stellar Resources 0.011 0% $11,050,940
AOA Ausmon Resorces 0.005 0% $4,846,447
VKA Viking Mines Ltd 0.011 0% $11,277,843
IPT Impact Minerals 0.012 0% $29,776,447
SRI Sipa Resources Ltd 0.023 0% $5,247,637
RGL Riversgold 0.015 0% $14,182,016
G88 Golden Mile Res Ltd 0.023 0% $6,058,941
EPM Eclipse Metals 0.016 0% $32,448,957
YAR Yari Minerals Ltd 0.018 0% $8,682,441
MXR Maximus Resources 0.042 0% $13,400,342
MM1 Midasmineralsltd 0.18 0% $10,283,718
XTC Xantippe Res Ltd 0.004 0% $42,320,399
LLI Loyal Lithium Ltd 0.32 0% $19,036,800
LRD Lordresourceslimited 0.225 0% $8,152,227
WMC Wiluna Mining Corp 0.205 0% $74,238,031
AUN Aurumin 0.03 0% $5,932,746
ZEO Zeotech Limited 0.052 0% $85,316,695
ALY Alchemy Resource Ltd 0.015 0% $17,671,144
GW1 Greenwing Resources 0.19 0% $28,260,981
TYX Tyranna Res Ltd 0.018 0% $43,315,656
DAF Discovery Alaska Ltd 0.03 0% $6,727,041
IR1 Irismetals 1.16 0% $74,506,800
DAL Dalaroometalsltd 0.06 0% $1,792,500
TUL Tulla Resources 0.34 0% $109,413,361
CMD Cassius Mining Ltd 0.021 0% $8,578,351
VSR Voltaic Strategic 0.019 0% $5,838,704
LLO Lion One Metals Ltd 1.17 0% $14,106,647
BUR Burleyminerals 0.28 0% $17,196,019
ENT Enterprise Metals 0.008 0% $5,640,646
FIN FIN Resources Ltd 0.018 0% $10,151,637
DTM Dart Mining NL 0.075 0% $11,671,542
XTC Xantippe Res Ltd 0.004 0% $42,320,399
WES Wesfarmers Limited 51.72 0% $58,684,108,201
RIO Rio Tinto Limited 120.74 0% $44,865,191,624
WR1 Winsome Resources 1.445 0% $234,947,150
SCN Scorpion Minerals 0.069 -1% $24,199,433
LIS Lisenergylimited 0.335 -1% $56,410,824
TON Triton Min Ltd 0.033 -1% $46,323,270
EMS Eastern Metals 0.06 -2% $2,382,929
INR Ioneer Ltd 0.295 -2% $629,501,480
RAS Ragusa Minerals Ltd 0.095 -2% $13,832,082
BNR Bulletin Res Ltd 0.086 -2% $25,836,017
MAN Mandrake Res Ltd 0.043 -2% $26,345,436
CRR Critical Resources 0.039 -3% $63,790,195
MLS Metals Australia 0.038 -3% $23,674,411
AS2 Askarimetalslimited 0.37 -3% $23,872,771
ARN Aldoro Resources 0.175 -3% $20,324,217
JRL Jindalee Resources 2.43 -3% $143,447,415
WC8 Wildcat Resources 0.031 -3% $21,184,727
FBM Future Battery 0.091 -3% $40,217,443
FBM Future Battery 0.091 -3% $40,217,443
DRE Dreadnought Resources Ltd 0.075 -4% $258,392,801
CY5 Cygnus Metals Ltd 0.24 -4% $46,781,053
WML Woomera Mining Ltd 0.01 -5% $10,039,693
NIS Nickelsearch 0.09 -5% $5,748,015
AZI Altamin Limited 0.065 -6% $27,028,456
EVR Ev Resources Ltd 0.014 -7% $14,039,761
A8G Australasian Metals 0.16 -9% $7,204,836
LSR Lodestar Minerals 0.005 -9% $9,561,405
PNN Power Minerals Ltd 0.4725 -9% $37,567,838
AM7 Arcadia Minerals 0.16 -11% $8,405,621
THR Thor Energy PLC 0.004 -11% $6,642,508
RMX Red Mount Min Ltd 0.0035 -13% $9,087,404
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All up, a total of 61 companies finished in the green, 62 fell flat, and 28 tumbled into the red.

 

Who’s got news out?

KOBA RESOURCES (ASX:KOB)

Koba has started a lithium focused drilling program at the flagship Whitlock project in Canada across previously mapped and highly prospective pegmatites.

Preliminary field activities are now underway and will continue to ramp up over the coming weeks with the arrival of a geological team.

“We are very optimistic that our team will be able to discover lithium-bearing pegmatites on our ground,” Koba managing director and CEO Ben Vallerine says.

“We have a very busy six months ahead of us with multiple phases of exploration to be undertaken across all three of our lithium projects in Canada and Australia.”

 

RED DIRT METALS (ASX:RDT)

Red Dirt Metals’ Yinnetharra lithium project continues to deliver with new assay results demonstrating consistent, thick, and predictable lithium mineralisation at the M1 pegmatite.

Additionally, assay results have also confirmed Jamesons as a significant lithium prospect with assays from rock chip samples returning a grade of 4.2% Li2O.

New hits include 29m at 1.39% from 121m, 21m at 1.13% from 71m, 17m at 1.06% Li2O from 52m, and 12m at 1.38% Li2O from 155m.