• Fleet Space says its ExoSphere earth scanning tech is a quicker, cheaper and cleaner mineral exploration option
  • Ragusa Minerals reports promising desk top review and rock chip sampling at NT project
  • Morella picks up another lithium project in Nevada, USA

 

All your ASX lithium news for Thursday, August 11

 

Fleet Space Technologies has successfully trialled its ExoSphere earth scanning technology at Core Lithium’s (ASX:CXO) Finniss project in the NT.

The tech now been proven to be able to detect pegmatite bodies – indicating lithium deposits – up to depths of 500m+ and has unveiled several previously unknown targets.

Fleet co-founder Matt Pearson said the tech could revolutionise mineral exploration and play a role in answering the global challenge to find more than US$13 trillion in critical metals the International Monetary Fund (IMF) says is required to meet soaring global demand.

“We created ExoSphere to provide a sustainable, faster and more economically viable alternative to current exploration practices,” he said.

“This work is vital to enabling the dramatic increase in critical mineral discoveries required to support the global transition to clean-air mobility and more sustainable industrial practices.”

 

Quicker, cheaper and cleaner exploration option

ExoSphere essentially delivers detailed subsurface 3D mapping using an array of geodes – portable and lightweight satellite-enabled geophones that can be transported and placed by hand.

The geodes use edge computing to analyse ambient seismic noise which is sent by Fleet’s network of small satellites for processing – a process known as Ambient Noise Tomography (ANT).

The data is rapidly processed in the cloud to deliver a 3D visualisation of the area to support critical exploration decisions, making searching for key energy transition minerals faster, more sustainable, less expensive, and more accurate.

“The success of this trial shows the potential of the technology to deliver our next generation of exploration targets and we are excited by the prospect of doing further work with Exosphere,” Core exploration manager Andy Bennett said.

 

Here’s how ASX lithium stocks were tracking today:

Lithium stocks missing from our list? Shoot a friendly mail to [email protected]

Code Company Price % Month % Week % Today Market Cap
RAS Ragusa Minerals Ltd 0.155 89% 112% 55% $12,573,615.60
1MC Morella Corporation 0.028 40% 65% 40% $112,524,279.72
SHH Shree Minerals Ltd 0.01 25% 25% 25% $9,907,895.14
TMB Tambourahmetals 0.2 43% 18% 25% $6,590,815.68
MM1 Midasmineralsltd 0.285 46% 43% 24% $13,140,305.72
BNR Bulletin Res Ltd 0.16 39% 52% 23% $38,036,843.00
ADV Ardiden Ltd 0.0095 36% 19% 19% $21,346,682.85
EMS Eastern Metals 0.165 10% 14% 18% $5,411,875.00
AVW Avira Resources Ltd 0.0035 17% 0% 17% $6,356,370.00
LKE Lake Resources 1.535 113% 72% 16% $1,834,451,395.92
RGL Riversgold 0.04 33% 38% 14% $26,473,159.97
LRS Latin Resources Ltd 0.105 44% 40% 14% $179,016,736.83
TKM Trek Metals Ltd 0.074 32% 23% 14% $20,189,659.75
CZL Cons Zinc Ltd 0.025 25% 9% 14% $8,521,871.89
ALY Alchemy Resource Ltd 0.017 6% 13% 13% $14,296,110.86
MRR Minrex Resources Ltd 0.063 75% 9% 13% $59,368,229.82
LSR Lodestar Minerals 0.009 29% 29% 13% $13,907,498.78
AZL Arizona Lithium Ltd 0.1 11% 33% 11% $216,443,300.49
WC8 Wildcat Resources 0.03 20% 30% 11% $17,422,363.63
RDT Red Dirt Metals Ltd 0.465 21% 16% 11% $127,912,858.92
LRV Larvottoresources 0.265 18% 33% 10% $9,967,800.00
SYA Sayona Mining Ltd 0.2925 95% 50% 10% $2,198,896,432.03
AML Aeon Metals Ltd. 0.032 10% 14% 10% $31,709,492.42
MLS Metals Australia 0.068 31% 21% 10% $35,218,243.84
KTA Krakatoa Resources 0.059 11% 20% 9% $18,614,335.52
LPI Lithium Pwr Int Ltd 0.655 44% 21% 9% $209,486,908.80
PAM Pan Asia Metals 0.48 19% 39% 9% $32,524,906.48
VUL Vulcan Energy 9.64 68% 28% 8% $1,274,250,825.89
ESS Essential Metals Ltd 0.545 43% 15% 8% $124,645,650.35
EMH European Metals Hldg 0.84 22% 23% 8% $93,367,666.08
RMX Red Mount Min Ltd 0.007 40% 17% 8% $10,675,365.08
MNS Magnis Energy Tech 0.37 19% 16% 7% $334,764,361.64
JRL Jindalee Resources 2.82 -3% 14% 7% $150,906,680.58
AM7 Arcadia Minerals 0.15 0% 0% 7% $6,537,704.88
LNR Lanthanein Resources 0.031 94% 77% 7% $24,296,941.53
AUN Aurumin 0.16 39% 7% 7% $16,383,487.80
PLL Piedmont Lithium Inc 0.7625 39% 14% 7% $377,213,122.00
PNN Power Minerals Ltd 0.58 40% 20% 6% $33,526,691.43
RLC Reedy Lagoon Corp. 0.017 -15% 31% 6% $8,918,830.59
MQR Marquee Resource Ltd 0.089 24% 25% 6% $26,511,876.72
WML Woomera Mining Ltd 0.018 0% 13% 6% $11,676,162.12
GT1 Greentechnology 0.735 31% 16% 6% $128,067,401.89
GLN Galan Lithium Ltd 1.395 33% 15% 6% $401,977,014.12
ARN Aldoro Resources 0.29 76% 38% 5% $27,386,512.18
QXR Qx Resources Limited 0.039 26% 39% 5% $31,796,405.88
PGD Peregrine Gold 0.8 90% 90% 5% $29,098,108.60
MMG Monger Gold Ltd 0.3 40% 30% 5% $11,411,400.00
TYX Tyranna Res Ltd 0.04 100% 43% 5% $58,229,705.35
CXO Core Lithium 1.52 60% 30% 5% $2,504,768,924.50
MXR Maximus Resources 0.061 30% 13% 5% $18,438,534.54
ZEO Zeotech Limited 0.061 30% -2% 5% $88,445,097.26
LTR Liontown Resources 1.8075 77% 33% 5% $3,770,627,340.56
OCN Oceanalithiumlimited 0.52 44% 16% 5% $16,594,875.00
PLS Pilbara Min Ltd 3.13 33% 12% 5% $8,871,008,184.32
SCN Scorpion Minerals 0.066 -7% 3% 5% $20,905,365.10
STM Sunstone Metals Ltd 0.046 0% 2% 5% $114,243,642.44
EPM Eclipse Metals 0.023 15% 0% 5% $42,264,781.09
AOU Auroch Minerals Ltd 0.071 3% 16% 4% $25,139,722.33
LEL Lithenergy 1.1 47% 13% 4% $47,633,250.00
FTL Firetail Resources 0.25 6% 6% 4% $14,827,800.00
NMT Neometals Ltd 1.41 36% 19% 4% $748,429,518.34
LLL Leolithiumlimited 0.515 8% 12% 4% $488,395,171.44
IR1 Irismetals 0.535 98% 37% 4% $30,706,875.00
TON Triton Min Ltd 0.028 65% 8% 4% $33,987,172.78
IMI Infinitymining 0.14 0% 17% 4% $7,762,500.00
AGY Argosy Minerals Ltd 0.435 28% 14% 4% $573,329,066.52
BYH Bryah Resources Ltd 0.029 -9% 0% 4% $6,333,800.90
LPD Lepidico Ltd 0.03 11% 3% 3% $188,707,974.46
QPM Queensland Pacific 0.15 15% 3% 3% $226,723,904.00
INF Infinity Lithium 0.155 41% 11% 3% $62,251,959.90
EFE Eastern Resources 0.034 13% 31% 3% $32,943,871.32
GL1 Globallith 1.89 58% 25% 3% $291,211,299.76
LIS Lisenergylimited 0.73 33% 2% 3% $117,799,072.77
IGO IGO Limited 12.105 21% 9% 3% $8,935,760,193.40
NWM Norwest Minerals 0.04 29% -11% 3% $7,043,688.09
CY5 Cygnus Gold Limited 0.2 25% -11% 3% $28,701,136.43
INR Ioneer Ltd 0.7 52% 21% 2% $1,437,221,842.06
RAG Ragnar Metals Ltd 0.047 15% 12% 2% $17,442,504.89
AKE Allkem Limited 12.34 18% 10% 2% $7,715,662,840.60
MIN Mineral Resources. 59.825 28% 9% 2% $11,123,518,439.53
WR1 Winsome Resources 0.275 38% 49% 2% $36,480,778.38
WES Wesfarmers Limited 47.71 7% 1% 1% $53,335,844,983.68
AAJ Aruma Resources Ltd 0.08 23% 38% 1% $12,399,958.74
AS2 Askarimetalslimited 0.4 60% 31% 1% $17,802,361.65
NVA Nova Minerals Ltd 0.82 11% -8% 1% $145,963,850.85
LIT Lithium Australia 0.083 19% 19% 1% $84,903,564.65
EUR European Lithium Ltd 0.091 47% 11% 1% $126,021,525.75
TUL Tulla Resources 0.51 -7% -7% 1% $80,909,520.36
ASN Anson Resources Ltd 0.15 36% 20% 0% $154,186,850.25
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% $2,752,409,203.44
TKL Traka Resources 0.007 17% 17% 0% $4,821,421.93
BMM Balkanminingandmin 0.2 14% 0% 0% $6,550,000.00
DTM Dart Mining NL 0.065 0% -12% 0% $8,791,910.40
FG1 Flynngold 0.088 -32% -12% 0% $5,637,372.40
MMC Mitremining 0.115 -4% 0% 0% $3,114,786.50
TSC Twenty Seven Co. Ltd 0.003 0% 0% 0% $7,982,441.72
WCN White Cliff Min Ltd 0.013 -13% 18% 0% $8,496,843.71
CRR Critical Resources 0.054 32% 20% 0% $80,352,822.91
KGD Kula Gold Limited 0.027 -2% -6% 0% $5,809,742.06
MTM Mtmongerresources 0.12 0% 14% 0% $4,501,203.96
CAI Calidus Resources 0.765 21% 7% 0% $311,990,682.87
SRZ Stellar Resources 0.016 -11% -3% 0% $13,428,842.02
VKA Viking Mines Ltd 0.007 0% 0% 0% $7,176,809.02
IPT Impact Minerals 0.008 0% 14% 0% $19,850,964.45
SRI Sipa Resources Ltd 0.044 10% 10% 0% $9,021,091.33
VMC Venus Metals Cor Ltd 0.175 3% -8% 0% $28,013,769.53
ZNC Zenith Minerals Ltd 0.295 18% 2% 0% $101,704,872.31
G88 Golden Mile Res Ltd 0.031 3% 15% 0% $6,315,711.03
EVR Ev Resources Ltd 0.032 0% 14% 0% $29,631,490.27
M2R Miramar 0.1 0% -5% 0% $6,418,666.30
XTC Xantippe Res Ltd 0.011 22% 38% 0% $88,616,992.34
WMC Wiluna Mining Corp 0.205 -7% 0% 0% $74,238,030.68
DAF Discovery Alaska Ltd 0.048 9% 12% 0% $10,763,265.50
DAL Dalaroometalsltd 0.099 -10% -10% 0% $2,957,625.00
GSM Golden State Mining 0.05 22% -6% -1% $5,879,276.61
AZI Altamin Limited 0.087 -8% 2% -1% $34,471,074.18
DRE Dreadnought Resources Ltd 0.084 83% 33% -1% $258,487,851.84
GW1 Greenwing Resources 0.275 28% 28% -2% $34,509,257.72
TEM Tempest Minerals 0.044 -12% 13% -2% $22,714,477.92
RIO Rio Tinto Limited 95.59 -2% -1% -4% $36,817,224,104.52
CHR Charger Metals 0.53 10% 8% -4% $17,919,569.25
PSC Prospect Res Ltd 0.125 156% -14% -4% $60,093,730.06
AX8 Accelerate Resources 0.036 20% -3% -5% $10,277,438.16
A8G Australasian Metals 0.27 26% 8% -5% $11,733,590.79
THR Thor Mining PLC 0.009 -10% 0% -5% $10,217,861.71
KZR Kalamazoo Resources 0.26 21% 18% -5% $39,928,452.85
KAI Kairos Minerals Ltd 0.031 41% 19% -6% $64,815,085.20
ENT Enterprise Metals 0.011 10% -8% -8% $7,835,768.26
FRS Forrestaniaresources 0.16 7% 3% -9% $5,440,103.20
AOA Ausmon Resorces 0.005 -17% 0% -9% $4,715,091.39
LRD Lordresourceslimited 0.235 7% 2% -10% $8,264,001.46
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A whopping 88 stocks were in the green, 26 were flat and 17 were red.

 

Who has news out today?

 

RAGUSA MINERALS (ASX:RAS)

The explorer acquired the early stage Northern Territory Lithium Project back in May, which chair Jerko Zuvela said at the time would see the company create a ‘supergroup’ project area comparable to neighbours Core Lithium and Lithium Plus. 

Today, initial desktop review works have confirmed high-grade lithium prospectivity across the site with rock chip samples returning 5.46% Li20, 2.27g/t gold, and 4.59g/t gold.

Ragusa has completed planning of its initial drilling program to test the main known outcropping pegmatite bodies.

“The company’s strategic and highly prospective NT Lithium Project, with high grade historical and confirmatory lithium sample results, four granted tenements, approved MMP and upcoming commencement of our maiden drilling program is very exciting and puts Ragusa in a strong position to rapidly accelerate the development of our project within a proven high-quality lithium district,” Zuvela says.

 

MORELLA CORPORATION (ASX:1MC)

The company has picked up a second Nevada lithium project, reaching an agreement with US-based Lithium Corporation to earn a 60% interest in the North Big Smoky Project (NBS), with options to acquire 100%.

The project is located in Nye County, about 110km to the north of the regional centre of Tonopah and 240km southeast of the major centre of Reno – Tesla’s Nevada Gigafactory is located 37km east of Reno.

The NBS Project area consists of 178 claims covering roughly 1,376ha in a well-known, highly prospective lithium region.

1MC says the project straddles structural features that can be traced on the surface and have been assessed to be a potential conduit for lithium mineralisation in sediments and brines.

 

LITHIUM PLUS MINERALS (ASX:LPM)

LPM announced its 10,000m drilling program at the flagship ‘Bynroe’ lithium project – focusing on the ‘Lei’ and ‘Cai’ prospects – back in June.

Today, a thick interval of 43m of pegmatite from 191.9m has been intersected, where the initial phase-1 hole was positioned to target down-dip expression of lithium mineralisation around 50m below the discovery RC hole.

“We are pleased with the samples from our maiden diamond hole at the Lei Prospect, which have visibly validated the historical spodumene-bearing pegmatite system at depth and provide us confidence that we may have a significant lithium discovery at Bynoe,” executive chairman Bin Guo says.

The second diamond drill hole at Lei is underway.

 

AUSTRALIAN SILICA QUARTZ GROUP (ASX:ASQ)

ASQ has acquired exploration ground from a private investor group in the highly prospective Koolyanobbing Greenstone Belt to be renamed ‘Koolyanobbing Metals Project’ (KMP) in WA.

The company believes the project is under-explored and prospective for lithium, gold, nickel, and copper.

ASQ says it was initially attracted to the area for the high purity quartz potential on E77/2684, which will remain a focus for the company at the Lake Seabrook Quartz Project targeting a high-grade feedstock for a processing technology ASQ is researching and developing.

Previous explorers have mapped an extensive swarm of outcropping pegmatites over a strike length of 6.5km within the KMP on a peninsula of land extending into Lake Seabrook adjacent to the Koolyanobbing Shear Zone and within a coherent rubidium soil anomaly.

 

ASKARI METALS (ASX:AS2)

Phase 1 mapping and sampling at the company’s Yarrie project in WA has generated 11 target areas – of which 5 are considered high priority by the company.

Soil auger and shallow aircore drilling grids have now been designed across the 5 targets.

“We are well positioned to advance exploration at Yarrie and are focussed on expediting the granting of key tenements so that further exploration campaigns can be carried out,” VP geology and exploration Johan Lambrechts said.

 

RAS, LPM, 1MC, ASQ and AS2 share prices today: