• Perpetual Resources (ASX:PEC) picks up lithium ground in Brazil
  • Octava Minerals (ASX:OCT) fails to hit paydirt at Pinnacle Well
  • Gold Mountain Mining (ASX:GMM) raises $2.25 to fund Brazilian lithium exploration

All your lithium news, Friday July 21.

 

Word on the street (the Wall Street Journal) is that oil giant Exxon Mobil (NYSE:XOM) has picked up a nice slice of ground in Magnolia, Arkansas, USA, where its planning to build one of the world’s largest lithium processing facilities.

The plant at the city of Magnolia — purportedly home to the World’s Largest Charcoal Grill and the World Championship Steak Cookoff –would have the capacity to produce 75K-100K metric tons/year of lithium.

Exxon reportedly picked up 120,000 acres for more than $100 million (pocket change for the firm) with a consultant for the seller estimating the prospect could have the equivalent of 4 million tonnes of lithium carbonate equivalent.

That’s enough to power 50 million electric vehicles.

It’s all thanks to the Smackover formation (it’s real name, we checked) a geologic trend that runs from Texas to Florida, rich with saltwater brine which contains small amounts of lithium.

According to the Journal, other companies looking to build capacity in the area include Standard Lithium (CVE:SLI) and Tetra Technologies (NYSE:TTI).


 

Whos’ Hot:

The day’s biggest gainers

Catalina Resources (ASX:CTN) +25%

Tambourah Metals (ASX:TMB) +22%

White Cliff Minerals (ASX:WCN) + 20%

 

Who’s Not:

The day’s biggest fumblers

Ausmon Resources (ASX:AOA) -20%

Bryah Resources (ASX:BYH) -16%

Krakatoa Resources (ASX:KTA) -11%

 

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
CTN Catalina Resources 25% -50% 0.005 $4,953,948
TMB Tambourahmetals 22% 129% 0.24 $8,348,168
WCN White Cliff Min Ltd 20% -14% 0.012 $12,278,519
ARN Aldoro Resources 18% 3% 0.165 $18,847,324
LSR Lodestar Minerals 14% 60% 0.008 $12,903,781
SRI Sipa Resources Ltd 13% -19% 0.026 $5,247,637
RLC Reedy Lagoon Corp. 13% -10% 0.009 $4,533,757
WC8 Wildcat Resources 13% 650% 0.18 $106,491,456
AX8 Accelerate Resources 12% 2% 0.0235 $7,971,637
ICL Iceni Gold 9% 50% 0.12 $22,942,857
KAI Kairos Minerals Ltd 9% 20% 0.025 $50,234,150
ANX Anax Metals Ltd 8% 26% 0.067 $25,382,479
MAN Mandrake Res Ltd 7% 10% 0.044 $24,549,157
MRR Minrex Resources Ltd 7% -50% 0.016 $16,273,013
AML Aeon Metals Ltd. 6% -33% 0.018 $18,638,811
KGD Kula Gold Limited 6% -28% 0.018 $6,344,603
MTM MTM Critical Metals 5% 33% 0.105 $9,704,672
NVA Nova Minerals Ltd 5% -52% 0.325 $65,375,888
INF Infinity Lithium 5% -4% 0.115 $50,885,130
EFE Eastern Resources 5% -60% 0.0115 $13,661,411
LRD Lordresourceslimited 4% -43% 0.095 $3,379,023
LRD Lordresourceslimited 4% -43% 0.095 $3,379,023
VMC Venus Metals Cor Ltd 4% 59% 0.125 $22,767,442
CRR Critical Resources 4% 26% 0.054 $82,927,253
AUN Aurumin 4% -56% 0.027 $7,671,030
DRE Dreadnought Resources Ltd 3% -41% 0.062 $199,663,693
TON Triton Min Ltd 3% -11% 0.032 $48,402,024
REC Rechargemetals 3% 137% 0.32 $32,731,187
SCN Scorpion Minerals 3% 6% 0.074 $24,890,846
L1M Lightning Minerals 3% 15% 0.19 $7,255,367
VSR Voltaic Strategic 3% 70% 0.04 $14,408,852
ZEO Zeotech Limited 2% -9% 0.043 $71,648,769
TKM Trek Metals Ltd 2% 48% 0.1125 $48,743,209
ZNC Zenith Minerals Ltd 2% -63% 0.098 $33,828,565
AZS Azure Minerals 2% 776% 1.97 $753,155,619
PAT Patriot Lithium 2% 2% 0.27 $16,267,688
EG1 Evergreenlithium 1% 0% 0.34 $18,837,050
EUR European Lithium Ltd 1% 20% 0.089 $122,693,047
NMT Neometals Ltd 1% -35% 0.52 $284,661,706
RIO Rio Tinto Limited 1% 1% 117.15 $43,220,703,796
ADV Ardiden Ltd 0% 0% 0.007 $18,818,347
1MC Morella Corporation 0% -33% 0.008 $48,788,644
ASN Anson Resources Ltd 0% -14% 0.16 $203,283,770
AVZ AVZ Minerals Ltd 0% 0% 0.78 $2,752,409,203
GLN Galan Lithium Ltd 0% -23% 0.825 $277,955,209
MLS Metals Australia 0% -26% 0.033 $20,593,194
QPM Queensland Pacific 0% 0% 0.11 $192,098,271
BMM Balkanminingandmin 0% -41% 0.195 $11,909,043
AM7 Arcadia Minerals 0% -46% 0.11 $10,345,511
FG1 Flynngold 0% -45% 0.055 $7,474,265
FRS Forrestaniaresources 0% -18% 0.115 $10,709,077
IMI Infinitymining 0% -42% 0.16 $12,236,531
MMC Mitremining 0% 7% 0.3 $11,470,530
TEM Tempest Minerals 0% -35% 0.015 $7,602,325
EMC Everest Metals Corp 0% 122% 0.175 $22,650,794
WML Woomera Mining Ltd 0% -32% 0.013 $12,430,529
WR1 Winsome Resources 0% 33% 1.64 $266,466,408
QXR Qx Resources Limited 0% -45% 0.023 $20,627,833
AZI Altamin Limited 0% 0% 0.08 $31,337,340
ENT Enterprise Metals 0% -50% 0.005 $3,747,355
STM Sunstone Metals Ltd 0% -30% 0.026 $80,131,607
PGD Peregrine Gold 0% -31% 0.265 $14,867,192
AVW Avira Resources Ltd 0% -33% 0.002 $4,267,580
CAI Calidus Resources 0% -26% 0.2 $121,522,032
A8G Australasian Metals 0% -16% 0.16 $8,339,279
SRZ Stellar Resources 0% 0% 0.013 $13,077,535
NWM Norwest Minerals 0% 15% 0.062 $17,213,340
VKA Viking Mines Ltd 0% 20% 0.012 $12,303,101
RGL Riversgold 0% -57% 0.013 $12,366,399
RAS Ragusa Minerals Ltd 0% -45% 0.063 $8,983,724
G88 Golden Mile Res Ltd 0% 131% 0.047 $15,481,307
EPM Eclipse Metals 0% 38% 0.022 $44,617,315
EVR Ev Resources Ltd 0% -7% 0.013 $12,167,793
THR Thor Energy PLC 0% -33% 0.004 $5,837,166
YAR Yari Minerals Ltd 0% 6% 0.018 $8,682,441
MXR Maximus Resources 0% -20% 0.032 $10,209,785
M2R Miramar 0% -42% 0.044 $4,067,316
LLI Loyal Lithium Ltd 0% 8% 0.32 $19,996,800
WMC Wiluna Mining Corp 0% 0% 0.205 $74,238,031
ALY Alchemy Resource Ltd 0% -35% 0.015 $17,671,144
GW1 Greenwing Resources 0% -20% 0.22 $32,980,151
DAL Dalaroometalsltd 0% -41% 0.059 $2,556,175
TUL Tulla Resources 0% -100% 0 $118,262,971
LLL Leolithiumlimited 0% 135% 1.14 $1,125,447,873
CMD Cassius Mining Ltd 0% 90% 0.038 $18,875,672
SGQ St George Min Ltd 0% -40% 0.041 $34,460,933
RMX Red Mount Min Ltd 0% 0% 0.005 $11,359,255
LM1 Leeuwin Metals Ltd 0% 0% 0.36 $16,122,600
ENT Enterprise Metals 0% -50% 0.005 $3,747,355
FIN FIN Resources Ltd 0% -21% 0.015 $9,315,530
DTM Dart Mining NL 0% -38% 0.034 $5,857,766
NIS Nickelsearch 0% -63% 0.059 $5,642,192
XTC Xantippe Res Ltd 0% -60% 0.002 $22,960,199
LPM Lithium Plus 0% -19% 0.3 $19,796,460
KOB Kobaresourceslimited 0% 25% 0.175 $18,447,917
EMC Everest Metals Corp 0% 122% 0.175 $22,650,794
SLM Solismineralsltd 0% 700% 0.6 $37,806,794
TMX Terrain Minerals 0% 0% 0.006 $6,499,196
MHK Metalhawk. 0% -21% 0.13 $8,849,077
NKL Nickelxltd 0% -24% 0.061 $5,272,552
WES Wesfarmers Limited 0% 7% 48.96 $55,633,668,567
JRL Jindalee Resources 0% 1% 1.9 $109,306,930
GL1 Globallith 0% -7% 1.71 $445,545,336
LLO Lion One Metals Ltd 0% -14% 1.01 $13,735,837
INR Ioneer Ltd -1% -14% 0.3275 $696,106,221
VUL Vulcan Energy -1% -27% 4.61 $779,782,503
LRS Latin Resources Ltd -1% 313% 0.405 $1,073,262,706
AGY Argosy Minerals Ltd -1% -32% 0.385 $547,718,924
PNN Power Minerals Ltd -1% -34% 0.35 $25,962,670
IR1 Irismetals -1% 20% 1.39 $112,419,300
GT1 Greentechnology -2% -21% 0.655 $141,630,053
PMT Patriotbatterymetals -2% 102% 1.515 $524,038,500
LTR Liontown Resources -2% 115% 2.84 $6,364,518,644
DYM Dynamicmetalslimited -2% 0% 0.28 $9,975,000
AS2 Askarimetalslimited -2% -37% 0.275 $19,143,727
BNR Bulletin Res Ltd -2% -41% 0.055 $16,441,102
IGO IGO Limited -2% 9% 14.65 $11,298,435,770
ESS Essential Metals Ltd -2% 52% 0.495 $135,774,283
FBM Future Battery -2% 112% 0.1125 $49,202,190
PAM Pan Asia Metals -2% -46% 0.22 $34,934,918
FTL Firetail Resources -2% -46% 0.086 $8,470,000
GSM Golden State Mining -3% -12% 0.038 $7,452,443
MQR Marquee Resource Ltd -3% 3% 0.038 $12,897,593
SBR Sabre Resources -3% -8% 0.035 $10,493,503
PLL Piedmont Lithium Inc -3% 33% 0.855 $336,910,200
SYA Sayona Mining Ltd -3% -11% 0.17 $1,756,849,154
LIT Lithium Australia -3% -27% 0.033 $41,520,517
AZL Arizona Lithium Ltd -3% -48% 0.032 $91,128,811
LPI Lithium Pwr Int Ltd -3% -31% 0.305 $198,209,831
AKE Allkem Limited -3% 42% 15.96 $10,521,358,419
CY5 Cygnus Metals Ltd -3% -24% 0.29 $66,981,161
LEL Lithenergy -3% -10% 0.695 $74,167,200
PLS Pilbara Min Ltd -4% 31% 4.91 $15,290,756,153
PSC Prospect Res Ltd -4% 4% 0.125 $60,093,730
TYX Tyranna Res Ltd -4% 0% 0.024 $82,160,633
LNR Lanthanein Resources -4% 10% 0.023 $26,917,814
RAG Ragnar Metals Ltd -4% 92% 0.022 $8,721,252
BM8 Battery Age Minerals -4% -12% 0.44 $34,140,355
CXO Core Lithium -4% -15% 0.875 $1,700,542,867
AAJ Aruma Resources Ltd -4% -19% 0.043 $8,829,083
LKE Lake Resources -5% -67% 0.2625 $391,172,294
EMS Eastern Metals -5% -16% 0.062 $4,325,089
CHR Charger Metals -5% -31% 0.305 $19,876,598
DLI Delta Lithium -5% 91% 0.905 $495,784,121
OCN Oceanalithiumlimited -5% -17% 0.285 $15,655,763
A11 Atlantic Lithium -5% -26% 0.46 $295,482,205
LPD Lepidico Ltd -6% 0% 0.016 $129,851,197
LRV Larvottoresources -6% 0% 0.16 $11,433,303
IPT Impact Minerals -6% 129% 0.016 $48,359,966
EMH European Metals Hldg -6% 19% 0.76 $101,262,583
KZR Kalamazoo Resources -6% -31% 0.145 $24,040,436
MM1 Midasmineralsltd -7% 78% 0.355 $27,910,777
MIN Mineral Resources. -7% -8% 70.765 $14,737,743,202
PL3 Patagonia Lithium -7% 0% 0.19 $10,045,718
BUR Burleyminerals -8% -25% 0.165 $18,233,416
TOR Torque Met -9% -14% 0.155 $16,377,296
DAF Discovery Alaska Ltd -9% -6% 0.03 $7,729,745
TKL Traka Resources -10% 13% 0.009 $8,713,293
IEC Intra Energy Corp -10% -44% 0.0045 $8,103,908
MHC Manhattan Corp Ltd -10% 64% 0.009 $29,362,787
MNS Magnis Energy Tech -10% -71% 0.1075 $133,839,778
LIS Lisenergylimited -11% -22% 0.25 $46,455,972
KTA Krakatoa Resources -11% -25% 0.033 $13,444,934
BYH Bryah Resources Ltd -16% -38% 0.016 $6,564,600
AOA Ausmon Resorces -20% -43% 0.004 $4,846,447
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Who else has news out?


Perpetual Resources (ASX:PEC)

Sand stock PEC has made a move into Brazilian lithium, inking a binding option deal over exploration ground in Minas Gerais, 20km from the Grota do Cirilo spodumene mine owned by C$5bn capped Sigma Lithium Corp (TSXV:SGML).

Latin Resources’ (ASX:LRS) advanced Colina project is also nearby.

A 60-day due diligence period has now kicked off over the +3000sqkm of greenfields (unexplored) tenure. If PEC likes what it sees, the plan is “rapid exploration in the coming months”.

The deal explains the ‘leaky ship’ action earlier in the week when the stock surged on no news before going into a halt “regarding a potential acquisition”.

Brazil has become a lithium hotspot thanks to Sigma’s success at Grota do Cirilo.

 

Octava Minerals (ASX:OCT)

A maiden reconnaissance drilling program at Octava Minerals’ (ASX:OCT) Pinnacle Well lithium prospect – 10km from Global Lithium’s (ASX:GL1) 18Mt @ 1% Archer deposit – failed to hit paydirt.

Best intersections included 4m at 0.066% lithium from 12m and 5m at 0.043% Li from 60m.

“A number of outcropping pegmatites have been identified in the Pinnacle Well area and also at the nearby Nimerry prospect to the East, which are being systematically explored in detail,” MD and CEO Bevan Wakelam said. 

“Octava has follow up drilling planned to test additional outcropping pegmatite, at both Pinnacle Well and the Nimerry prospect.”

 

Gold Mountain (ASX:GMN)

Gold Mountain has received binding commitments to raise $2.25 million via a placement, with the proceeds to be used to accelerate exploration activities – including future drilling at its Brazilian lithium projects; Juremal, Custodia, Jacurici, Cerro Cora – Porta D’Agua and Salinas II.

“We believe the strong demand for this capital raising is a testament to the quality of the company’s projects,” executive director David Evans said.

 

Coolabah Metals (ASX:CBH)

Coolabah has jumped on the James Bay bandwagon, successfully completed the acquisition of the Hampden lithium project in Canada which includes a lithium exploration claim within 20km of Patriot Battery Metals’ (ASX:PMT) Corvette project.

The acquisition comprises 4 lithium properties in James Bay and one in the Red Lake region.

The plan now is for boots-on-the-ground exploration activities of identified targets to commence in the coming weeks.

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