• Toyota and CATL announce factory closures in China as a scorching heatwave sweeps the country
  • CRR confirms high-grade lithium up to 2.15% lithium oxide at the Mavis Lake Lithium Project
  • RGL says results from a deep ground penetrating radar (DGPR) survey exceeds expectations at Tambourah

All your ASX lithium news, Wednesday August 17.

 

CNN’s Selina Wang says China’s major manufacturing hub, Sichuan province, has ordered all factories to shut down production for six days to ease a power shortage as China continues to deal with its worst heatwave in six decades.

Temperatures have soared above 40 degrees Celsius, causing a spike in demand for air conditioning and added pressure on the power grid.

Sichuan is home to factories of some of the world’s biggest companies such as Apple supplier Foxconn, Toyota, and battery marker Contemporary Ampertex Technology Co (CATL) – one of Tesla’s key suppliers.

 

Wang says this could potentially have a knock-on effect for the global economy.

“This is a key province because it is rich in minerals like lithium and polysilicon, and is a key manufacturing location for the semiconductor and solar industry so shutting down the factories for a week…could tighten the supply of polysilicon and lithium which could potentially push prices higher,” she says.

 

Here’s how ASX lithium stocks were tracking today:

CODE COMPANY LAST % TODAY % WEEK % MONTH MARKET CAP
DAF Discovery Alaska Ltd 0.069 25% 64% 53% $12,332,908
AOA Ausmon Resorces 0.007 17% 27% 17% $5,143,736
CZL Cons Zinc Ltd 0.025 14% 4% 39% $8,521,872
AML Aeon Metals Ltd. 0.034 13% 21% 21% $32,802,923
A8G Australasian Metals 0.295 11% 2% 48% $10,910,181
EMS Eastern Metals 0.155 11% 7% 3% $5,411,875
DRE Dreadnought Resources Ltd 0.096 9% 20% 109% $267,610,952
WCN White Cliff Min Ltd 0.013 8% -7% 0% $7,843,240
RAS Ragusa Minerals Ltd 0.2 8% 120% 163% $23,261,189
RMX Red Mount Min Ltd 0.007 8% 8% 17% $10,675,365
QPM Queensland Pacific 0.15 7% 0% 20% $218,905,838
LNR Lanthanein Resources 0.03 7% 25% 100% $26,959,116
ZEO Zeotech Limited 0.067 6% 6% 49% $96,069,675
RGL Riversgold 0.04 5% 21% 48% $29,303,164
PSC Prospect Res Ltd 0.11 5% -21% 126% $48,537,244
SCN Scorpion Minerals 0.07 4% 17% 3% $22,232,690
MTM Mtmongerresources 0.125 4% -4% 4% $4,501,204
BNR Bulletin Res Ltd 0.145 4% 4% 26% $40,962,754
G88 Golden Mile Res Ltd 0.031 3% 7% 11% $6,111,978
IMI Infinitymining 0.16 3% 19% 19% $8,912,500
FG1 Flynngold 0.099 3% 14% -6% $6,149,861
AOU Auroch Minerals Ltd 0.069 3% -16% 17% $24,770,021
WES Wesfarmers Limited 49.085 2% 3% 7% $54,310,947,592
AZI Altamin Limited 0.085 2% -6% -11% $32,512,490
RDT Red Dirt Metals Ltd 0.46 2% 2% 39% $137,049,492
MM1 Midasmineralsltd 0.255 2% 9% 46% $14,282,941
PLL Piedmont Lithium Inc 0.95 2% 28% 96% $493,278,698
TUL Tulla Resources 0.53 1% 2% 0% $84,113,858
MIN Mineral Resources. 60.88 1% 2% 40% $11,472,016,208
RIO Rio Tinto Limited 96.27 0% -3% 3% $35,610,771,409
ASN Anson Resources Ltd 0.155 0% 3% 41% $159,326,412
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% $2,752,409,203
TKL Traka Resources 0.007 0% 0% 40% $4,821,422
TON Triton Min Ltd 0.03 0% 7% 100% $37,763,525
ARN Aldoro Resources 0.26 0% -2% 86% $25,892,702
BYH Bryah Resources Ltd 0.028 0% -3% 0% $6,333,801
DTM Dart Mining NL 0.08 0% 14% 23% $10,820,813
MMC Mitremining 0.115 0% 5% -8% $3,114,787
KAI Kairos Minerals Ltd 0.029 0% -12% 38% $56,958,711
SRZ Stellar Resources 0.017 0% 3% 6% $14,268,145
NWM Norwest Minerals 0.046 0% 15% 70% $8,307,940
IPT Impact Minerals 0.009 0% 13% 29% $22,332,335
SRI Sipa Resources Ltd 0.044 0% 0% 26% $9,021,091
VMC Venus Metals Cor Ltd 0.17 0% -3% 6% $27,213,376
THR Thor Mining PLC 0.01 0% 5% 11% $10,755,644
MXR Maximus Resources 0.056 0% -7% 22% $17,858,723
LRD Lordresourceslimited 0.21 0% -21% 5% $6,674,770
WMC Wiluna Mining Corp 0.205 0% 0% 8% $74,238,031
KTA Krakatoa Resources 0.062 0% 9% 22% $21,372,015
FTL Firetail Resources 0.25 0% 0% 25% $15,445,625
DAL Dalaroometalsltd 0.099 0% -10% -1% $2,957,625
TKM Trek Metals Ltd 0.07 0% 8% 27% $21,742,711
OCN Oceanalithiumlimited 0.695 0% 36% 85% $23,299,875
NVA Nova Minerals Ltd 0.86 -1% 9% 19% $155,874,977
IGO IGO Limited 12.21 -1% 2% 32% $9,337,112,134
PGD Peregrine Gold 0.9 -1% 24% 102% $35,000,847
INR Ioneer Ltd 0.69 -1% 1% 59% $1,468,693,853
AKE Allkem Limited 12.37 -2% 3% 27% $8,008,985,560
ZNC Zenith Minerals Ltd 0.31 -2% 3% 22% $108,600,118
JRL Jindalee Resources 2.79 -2% 2% 13% $162,956,263
LTR Liontown Resources 1.7075 -2% 1% 80% $3,819,828,779
CHR Charger Metals 0.52 -2% 0% 18% $17,267,949
M2R Miramar 0.098 -2% -2% 9% $6,418,666
STM Sunstone Metals Ltd 0.048 -2% 2% 14% $127,225,875
PLS Pilbara Min Ltd 3.105 -2% 4% 30% $9,436,609,377
RAG Ragnar Metals Ltd 0.046 -2% 0% 18% $17,821,690
CAI Calidus Resources 0.665 -2% -13% 9% $277,393,051
TEM Tempest Minerals 0.043 -2% -9% -4% $22,209,712
BMM Balkanminingandmin 0.195 -3% -3% 3% $6,550,000
LIS Lisenergylimited 0.6675 -3% -8% 13% $113,651,218
AUN Aurumin 0.155 -3% 0% 7% $17,475,720
AGY Argosy Minerals Ltd 0.3825 -3% -6% 20% $539,202,336
LPD Lepidico Ltd 0.03 -3% 0% 11% $201,722,928
LPI Lithium Pwr Int Ltd 0.6 -3% -4% 50% $216,469,806
MMG Monger Gold Ltd 0.3 -3% 15% 54% $12,412,400
CRR Critical Resources 0.057 -3% 2% 46% $87,792,899
WC8 Wildcat Resources 0.028 -3% 4% 12% $18,712,909
NMT Neometals Ltd 1.345 -4% 1% 43% $770,523,379
LIT Lithium Australia 0.079 -4% -6% 11% $84,903,565
WR1 Winsome Resources 0.26 -4% -7% 49% $36,480,778
CXO Core Lithium 1.4325 -4% 2% 60% $2,582,772,109
CY5 Cygnus Gold Limited 0.23 -4% 15% 59% $35,324,476
VUL Vulcan Energy 8.73 -4% -1% 51% $1,308,651,298
IR1 Irismetals 0.64 -4% 33% 161% $40,112,900
ENT Enterprise Metals 0.0105 -5% -25% 5% $7,182,788
MNS Magnis Energy Tech 0.42 -5% 11% 45% $426,945,853
XTC Xantippe Res Ltd 0.0105 -5% 5% 31% $89,383,081
MLS Metals Australia 0.059 -5% -5% 28% $35,218,244
LLL Leolithiumlimited 0.5375 -5% 10% 25% $557,461,155
MRR Minrex Resources Ltd 0.056 -5% -2% 81% $62,548,671
GLN Galan Lithium Ltd 1.305 -5% -5% 35% $418,726,056
AX8 Accelerate Resources 0.037 -5% 6% 28% $10,547,897
AS2 Askarimetalslimited 0.37 -5% -8% 76% $17,577,015
PAM Pan Asia Metals 0.46 -5% 0% 19% $35,851,317
GT1 Greentechnology 0.73 -5% -2% 22% $141,887,625
ALY Alchemy Resource Ltd 0.018 -5% 20% 13% $18,108,407
TYX Tyranna Res Ltd 0.035 -5% 9% 75% $56,697,345
KZR Kalamazoo Resources 0.26 -5% 16% 11% $39,928,453
ADV Ardiden Ltd 0.0085 -6% -6% 42% $24,015,018
AM7 Arcadia Minerals 0.17 -6% 10% 6% $8,405,621
GL1 Globallith 1.78 -6% 4% 73% $299,146,213
LKE Lake Resources 1.265 -6% 2% 109% $1,862,389,896
MQR Marquee Resource Ltd 0.082 -6% -2% 24% $27,458,729
LRV Larvottoresources 0.24 -6% 0% 30% $10,590,788
EVR Ev Resources Ltd 0.032 -6% 0% 14% $31,483,458
ESS Essential Metals Ltd 0.475 -6% -9% 34% $124,645,650
AZL Arizona Lithium Ltd 0.094 -6% 0% 11% $240,692,556
LRS Latin Resources Ltd 0.1175 -6% 25% 73% $243,229,262
RLC Reedy Lagoon Corp. 0.015 -6% -6% -21% $8,918,831
AAJ Aruma Resources Ltd 0.075 -6% -6% 21% $12,556,920
EFE Eastern Resources 0.03 -6% 0% 20% $31,945,572
INF Infinity Lithium 0.14 -7% -3% 22% $62,251,960
EUR European Lithium Ltd 0.083 -7% -13% 22% $124,621,287
EMH European Metals Hldg 0.885 -7% 13% 35% $113,717,029
LEL Lithenergy 0.995 -7% -4% 47% $48,310,500
1MC Morella Corporation 0.026 -7% 24% 53% $158,933,992
KGD Kula Gold Limited 0.026 -7% -7% -9% $6,024,918
GSM Golden State Mining 0.058 -8% 12% 38% $7,334,543
SYA Sayona Mining Ltd 0.2525 -8% -3% 87% $2,281,873,656
QXR Qx Resources Limited 0.033 -8% -18% 22% $30,937,044
TMB Tambourahmetals 0.16 -9% -9% 7% $7,208,705
EPM Eclipse Metals 0.021 -9% -5% 5% $44,185,907
FRS Forrestaniaresources 0.15 -9% -17% 3% $5,129,240
SHH Shree Minerals Ltd 0.009 -10% 6% 0% $12,384,869
AVW Avira Resources Ltd 0.0045 -10% 29% 50% $10,593,950
PNN Power Minerals Ltd 0.53 -10% -12% 31% $36,307,868
GW1 Greenwing Resources 0.26 -10% -4% 8% $35,741,731
WML Woomera Mining Ltd 0.016 -11% 0% 7% $12,362,995
VKA Viking Mines Ltd 0.007 -13% 0% 0% $8,202,067
TSC Twenty Seven Co. Ltd 0.003 -14% 0% 0% $9,312,849
LSR Lodestar Minerals 0.007 -22% 0% 8% $15,645,936
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It seems the power outage, which shut the lithium industry in Sichuan, China, has introduced a degree of caution to the overheated sector because today was NOT a good day for lithium.

29 companies finished in the green, 24 fell flat and a massive 78 ended in the red.

 

Who’s got news out today?

Riversgold (ASX:RGL)

Explorer RGL has a lithium strategy focused on  Pilbara and Yilgarn Cratons in Western Australia.

Earlier this year the company acquired a suite of four lithium prospective exploration tenements cover 164km2 in the Pilbara – the key project being Tambourah.

In August, RGL also acquired eight tenements highly prospective for lithium south of Southern Cross called ‘The Southern Cross-marvel Loch tenements’.

Today, RGL says it has received and reviewed results and interpretation from the deep ground penetrating radar (DGPR) survey completed in late July at Tambourah, which have exceeded expectations.

CEO Julian Ford says the company got ‘great penetration with visibility on potential lithium pegmatite dykes down to at laest 50m below surface’ – and this was with zero surface impact.

“The survey also shows a very large set of conjugate structures which have the potential to host lithium pegmatites.

“Through this survey, we have at least tripled the footprint of the interpreted lithium system at Tambourah.

“DGPR should significantly help decrease our drilling costs at Tambourah.”

Going forward, Ford says the method will certainly aid the company to fast-track early exploration at its newly acquired, highly prospective, Southern Cross – Marvel Loch Lithium Project.

 

CRITICAL RESOURCES (ASX:CRR)

Assays have confirmed thin but high-grade chunks of lithium up to 2.15% lithium oxide at the Mavis Lake Lithium Project in Ontario, Canada where CRR says lithium mineralisation continues towards the west of the significant intersections from the previous 2018 drilling program.

Spodumene mineralisation has been intersected within 56 out of 62 drill holes to date and continues to increase the extent of known mineralisation, both laterally and at depth.

Highlights include 10.84m at 1.08% lithium oxide from 149.9m to 160.74m, 3.37m at 1.51% lithium oxide from 34.26m to 37.63m as well as 1.83m at 2.15% lithium oxide.

Further exploration drilling is being planned for Mavis Lake to both support resource development and confirm the extent of lithium zones identified through sampling and mapping.

 

ALDORO RESORUCES (ASX:ARN)

ARN engaged the UWA Centre of Exploration Targeting to conduct a lithium-rubidium ore characterisation study, which aimed to characterise the pegmatites and chemical properties of their associated mineralised domains in the broader geological framework in which they are hosted.

The principle analytical methods used for this was X-ray powder diffraction (XRD) and Tescan Integrated Mineral Analyser (TIMA).

ARN sayid the test study provided insight on the type of mineralisation that occurs at Niobe and Wyemandoo, the mode and relationships within the host rocks, and the various alteration styles.

At Niobe a total of fourteen pegmatite samples were analysed from the main pegmatite to the northeast pegmatite, within a total area of 2.5 hectares while a total of 41 pegmatite samples were analysed at Wyemandoo from an area of 259km2 within the ‘Fairway Corridor’ of the pegmatite swarm.

These results will aid metallurgical processing of Niobe and Wyemandoo samples at China’s Central South University School of Minerals Processing & Bioengineering by renowned specialist Professor Zhiguo He.

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