• Chinese car maker, LDV, launches Australia’s first electric ute
  • Rio Tinto starts producing spodumene concentrate at a demonstration plant in Quebec
  • Winsome Resources returns multiple ‘exceptional’ results up to 4.89% Li2O at the Adina Project 

All your lithium news, Friday September 30.

 

Chinese car maker, LDV, has revealed the launch of three new electric vehicles for the Australian market this year – a van, people mover, and the country’s first electric Ute, set to hit our shores in November 2022.

According to The Driven, the eT60 4×2 double-cab Ute is already on sale in New Zealand for NZ$79,990 and although LDV Australia is yet to announce pricing, this translates to around $70,000 Aussie dollars.

 

Dinesh Chinnappa, general manager for LDV Australia says every major OEM is committed to developing electric vehicles but what is less spoken about is the growing influence of China’s EV market on the rest of the world.

“We in Australia are now benefiting from that influence with the arrival of eT60, eDeliver 9 and Mifa 9,” he says.

“The global auto market is undergoing its most significant revolution in decades.

“In the first half of 2022, 2.4 million EVs were delivered to customers in China, more than double the total annual new car market in Australia.

“EVs now account for 26% of all car sales in China, and 57% of global EV sales.

“China is moving ahead in electrifying its transport industry and it’s bringing the rest of the world – including Australia – with it.”

 

Here’s how ASX lithium stocks are tracking:

CODE COMPANY PRICE % TODAY % WEEK % MONTH MARKET CAP
ALY Alchemy Resource Ltd 0.026 30% 24% 30% $18,678,347.49
IR1 Irismetals 1.985 15% 7% 86% $698,312,078.70
BYH Bryah Resources Ltd 0.026 8% -7% -4% $121,078,561.51
AS2 Askarimetalslimited 0.33 8% -3% 0% $30,616,061.64
DAF Discovery Alaska Ltd 0.066 6% -18% -20% $381,598,024.93
XTC Xantippe Res Ltd 0.0085 6% -6% -6% $2,752,409,203.44
PSC Prospect Res Ltd 0.11 5% 28% 13% $1,919,600,868.38
MRR Minrex Resources Ltd 0.044 5% -12% -17% $89,803,855.50
WR1 Winsome Resources 0.335 5% 5% 40% $112,855,373.09
OCN Oceanalithiumlimited 0.54 4% -6% -13% $106,418,177.30
LIT Lithium Australia 0.057 4% -3% -31% $374,620,953.63
AML Aeon Metals Ltd. 0.029 4% -3% -3% $74,882,351.88
RIO Rio Tinto Limited 93.94 3% 3% -2% $1,290,352,456.74
KAI Kairos Minerals Ltd 0.032 3% -16% 19% $127,955,094.18
PNN Power Minerals Ltd 0.485 3% -10% 3% $67,080,376.55
AZI Altamin Limited 0.083 2% 1% 2% $1,271,825,943.74
TYX Tyranna Res Ltd 0.044 2% -21% 52% $149,665,398.36
BNR Bulletin Res Ltd 0.1175 2% -10% -10% $213,204,613.67
QXR Qx Resources Limited 0.049 2% 44% 69% $3,283,670,848.25
CAI Calidus Resources 0.51 2% -6% -16% $12,441,998,036.41
KTA Krakatoa Resources 0.063 2% -2% 0% $27,316,628.60
TUL Tulla Resources 0.445 1% -4% -13% $8,984,602,431.74
INR Ioneer Ltd 0.62 1% -8% -2% $469,538,012.00
JRL Jindalee Resources 2.24 0% -10% -12% $13,789,476,286.74
ADV Ardiden Ltd 0.007 0% -13% -13% $212,181,272.69
1MC Morella Corporation 0.021 0% -13% -13% $48,537,243.51
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% $7,803,976.77
CXO Core Lithium 1.105 0% -21% -18% $1,994,197,309.92
EUR European Lithium Ltd 0.076 0% -10% -6% $4,821,421.93
INF Infinity Lithium 0.18 0% -5% 16% $30,421,251.89
RLC Reedy Lagoon Corp. 0.014 0% -7% -7% $1,053,514,462.35
TKL Traka Resources 0.007 0% -13% 0% $365,005,988.80
TON Triton Min Ltd 0.022 0% 0% -15% $11,135,000.00
ARN Aldoro Resources 0.225 0% 2% -8% $43,909,500.00
AAJ Aruma Resources Ltd 0.056 0% -13% -16% $22,407,146.33
AX8 Accelerate Resources 0.035 0% -15% -3% $635,198,484.20
DTM Dart Mining NL 0.072 0% -20% -42% $10,548,740,635.09
EMS Eastern Metals 0.14 0% -3% 8% $21,584,987.33
FG1 Flynngold 0.11 0% -8% 5% $8,868,324.92
FRS Forrestaniaresources 0.185 0% -8% 6% $27,720,090.75
GSM Golden State Mining 0.041 0% -11% -34% $9,466,061.47
IMI Infinitymining 0.235 0% 4% 18% $14,009,367.60
LRV Larvottoresources 0.19 0% -12% -17% $13,830,849.64
TMB Tambourahmetals 0.16 0% 0% 3% $6,702,083.38
TSC Twenty Seven Co. Ltd 0.002 0% 0% 14% $11,146,331.52
WCN White Cliff Min Ltd 0.021 0% 0% 31% $5,411,875.00
WML Woomera Mining Ltd 0.015 0% -6% 7% $7,046,715.50
CRR Critical Resources 0.063 0% -24% 47% $7,920,091.24
KZR Kalamazoo Resources 0.185 0% -21% -23% $4,797,582.36
MTM Mtmongerresources 0.12 0% -14% -17% $13,512,500.00
SCN Scorpion Minerals 0.075 0% -6% -7% $7,891,175.00
ENT Enterprise Metals 0.011 0% -21% 10% $4,604,467.00
PGD Peregrine Gold 0.595 0% -1% -17% $15,167,395.56
AVW Avira Resources Ltd 0.004 0% 0% 0% $12,384,868.92
RMX Red Mount Min Ltd 0.006 0% 0% -14% $6,590,815.68
RDT Red Dirt Metals Ltd 0.615 0% 1% 4% $16,657,283.81
MQR Marquee Resource Ltd 0.058 0% -11% -21% $7,079,025.75
SRZ Stellar Resources 0.015 0% 7% 7% $15,699,670.60
LSR Lodestar Minerals 0.006 0% -14% -14% $10,302,495.99
NWM Norwest Minerals 0.038 0% -12% -24% $197,613,896.00
VKA Viking Mines Ltd 0.007 0% -22% -13% $93,744,960.06
IPT Impact Minerals 0.007 0% 0% -13% $10,422,569.55
SRI Sipa Resources Ltd 0.05 0% 6% 22% $186,913,301.61
VMC Venus Metals Cor Ltd 0.15 0% -9% -9% $33,913,805.51
ZNC Zenith Minerals Ltd 0.28 0% -7% -10% $43,236,478.08
EPM Eclipse Metals 0.021 0% -5% -9% $27,531,584.19
WC8 Wildcat Resources 0.032 0% -11% 14% $4,501,203.96
MXR Maximus Resources 0.044 0% -12% -4% $41,249,391.41
M2R Miramar 0.091 0% -13% -27% $24,887,339.40
WMC Wiluna Mining Corp 0.205 0% 0% 0% $31,729,056.91
AUN Aurumin 0.098 0% -2% -15% $7,182,787.57
DAL Dalaroometalsltd 0.125 0% -4% 25% $60,886,898.22
CY5 Cygnus Gold Limited 0.27 0% 8% -4% $93,472,071.08
MIN Mineral Resources. 65.6 0% -6% 3% $23,039,325.82
IGO IGO Limited 13.79 -1% -7% 9% $8,475,160.00
DRE Dreadnought Resources Ltd 0.097 -1% -16% -8% $126,726,279.75
VUL Vulcan Energy 7.27 -1% -7% -7% $144,007,486.72
LLL Leolithiumlimited 0.5625 -1% -21% 8% $33,647,976.50
GT1 Greentechnology 0.745 -1% -4% 6% $10,675,365.08
PAM Pan Asia Metals 0.37 -1% -14% -23% $218,890,852.50
MNS Magnis Energy Tech 0.37 -1% -15% -17% $45,484,569.56
LRD Lordresourceslimited 0.295 -2% 2% 59% $204,177,431.15
AGY Argosy Minerals Ltd 0.5 -2% -15% 35% $11,939,443.26
LIS Lisenergylimited 0.5 -2% -12% -9% $32,293,228.03
LEL Lithenergy 0.715 -2% -28% -27% $18,463,628.43
SYA Sayona Mining Ltd 0.235 -2% -6% -11% $14,477,964.39
LRS Latin Resources Ltd 0.093 -2% -15% -15% $10,430,624.09
PLS Pilbara Min Ltd 4.52 -2% -9% 30% $8,440,080.71
LPD Lepidico Ltd 0.0225 -2% -13% -17% $7,715,604.09
LTR Liontown Resources 1.46 -2% -11% -12% $7,176,809.02
WES Wesfarmers Limited 42.96 -2% -5% -9% $17,369,593.89
LNR Lanthanein Resources 0.038 -3% -22% -25% $10,251,240.15
AKE Allkem Limited 13.72 -3% -12% -1% $24,011,802.45
EMH European Metals Hldg 0.73 -3% -19% 0% $27,906,837.70
RGL Riversgold 0.035 -3% -13% 6% $96,533,438.12
MMC Mitremining 0.165 -3% -8% 27% $48,241,525.50
CHR Charger Metals 0.48 -3% -14% 3% $6,137,692.68
TEM Tempest Minerals 0.032 -3% -11% -11% $42,509,393.81
NMT Neometals Ltd 1.115 -3% -7% -11% $24,075,585.85
TKM Trek Metals Ltd 0.063 -3% -6% -16% $20,648,727.26
ESS Essential Metals Ltd 0.44 -3% -7% 9% $363,874,306.13
G88 Golden Mile Res Ltd 0.029 -3% -9% -15% $33,747,266,014.74
LKE Lake Resources 0.8825 -4% -17% -17% $10,991,633.25
QPM Queensland Pacific 0.13 -4% -16% -10% $8,521,871.89
GW1 Greenwing Resources 0.385 -4% 35% 45% $14,031,853.79
EVR Ev Resources Ltd 0.025 -4% -11% -17% $298,168,288.00
GLN Galan Lithium Ltd 1.18 -4% -12% 0% $11,997,670.44
AZL Arizona Lithium Ltd 0.0785 -4% -8% -4% $5,840,986.33
MLS Metals Australia 0.043 -4% -10% -20% $24,493,378.73
LPI Lithium Pwr Int Ltd 0.52 -5% -13% -9% $65,161,838.80
ZEO Zeotech Limited 0.04 -5% -17% -29% $17,017,000.00
KGD Kula Gold Limited 0.0295 -5% -5% 34% $9,985,386.30
THR Thor Mining PLC 0.0095 -5% -5% 6% $74,238,030.68
FTL Firetail Resources 0.19 -5% -24% -32% $12,280,099.52
A8G Australasian Metals 0.275 -5% -7% -5% $65,600,449.74
RAS Ragusa Minerals Ltd 0.355 -5% 11% 45% $19,061,519.10
STM Sunstone Metals Ltd 0.034 -6% -13% -21% $84,616,235.37
PLL Piedmont Lithium Inc 0.84 -6% -10% -3% $50,098,939.60
MMG Monger Gold Ltd 0.4 -6% -12% 4% $21,372,014.85
AOU Auroch Minerals Ltd 0.062 -6% -16% -6% $101,302,008.68
EFE Eastern Resources 0.03 -6% 3% 0% $13,902,551.28
GL1 Globallith 2.15 -7% -15% 28% $12,356,500.00
MM1 Midasmineralsltd 0.195 -7% 0% -15% $105,315,600.00
BMM Balkanminingandmin 0.315 -7% -10% 58% $37,550,197.23
ASN Anson Resources Ltd 0.3 -8% -18% 5% $3,734,375.00
NVA Nova Minerals Ltd 0.625 -9% -17% -28% $20,189,659.75
AM7 Arcadia Minerals 0.27 -10% -13% 6% $39,740,035.05
SHH Shree Minerals Ltd 0.009 -10% 0% 13% $70,495,423.68
AOA Ausmon Resorces 0.008 -11% 0% 0% $49,911,647,452.84
CZL Cons Zinc Ltd 0.0185 -16% -16% -16% $562,394,439.84
RAG Ragnar Metals Ltd 0.028 -30% -28% -36% $17,433,000.00
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23 lithium companies finished in the green, 51 fell flat and 57 lithium stocks ended the day in the red.

 

Who’s got news out?

RIO TINTO (ASX:RIO)

RIO has started producing spodumene concentrate at a demonstration plant at its Rio Tinto Iron and Titanium (RTIT) Quebec Operations in Sorel-Tracy, Canada.

The plant will demonstrate at industrial scale a new spodumene concentration process that provides lithium oxide (Li20) grades and recoveries well above the industry average.

This process was developed by researchers at Rio Tinto’s Critical Minerals and Technology Centre and tested on spodumene ore samples from various countries.

It offers the environmental benefit of not using chemical products and generating only dry, inert residues.

RTIT Managing Director Stéphane Leblanc says the company is beginning to see strong interest in the market for a North American supply of spodumene concentrate to support production of lithium batteries.

“Our demonstration plant will allow us to further validate the innovative spodumene concentration process developed at our Critical Minerals and Technology Centre as we consider moving to commercial scale production.”

The demonstration plant was commissioned in June after successful laboratory testing of the new process and produced its first ton of spodumene concentrate in July 2022.

It will test ore from various local suppliers including Sayona (ASX:SYA), an emerging lithium producer with projects in Québec and Western Australia.

 

WINSOME RESOURCES (ASX:WR1)

High-grade lithium has been confirmed from laboratory assays following a recent field exploration program at the Adina Project in Quebec, Canada.

Winsome has received 26 rock chip assays, validating strong mineralisation at the recently discovered pegmatite outcrop, named the ‘Jamar Discovery’, after a three-week field exploration program.

Multiple ‘exceptional’ results up to 4.89% Li2O have been returned with managing director Chris Evans saying the company has now great confidence ahead of the upcoming autumn drilling.

“These results demonstrate the extent of lithium mineralisation at Adina is much larger than previously thought,” he says.

“This offers a great opportunity to develop a maiden resource at Adina, while simultaneously advancing Cancet and our other existing projects in the region.”

 

ALCHEMY RESOURCES (ASX:ALY)

Alchemy has been drawn first in a ballot for exploration licence E28/3207 at its 100% owned Karonie Lithium and Gold Project in Western Australia.

The new tenement covers roughly 24.8km2 of highly prospective tenure along strike of Global Lithium Resources (ASX: GL1) Manna Lithium deposit and adjacent to Breaker Resources (ASX:BRB) Lake Roe Gold Project.

ALY says the project is highly prospective and sits within the target “Goldilocks Zone” corridor in which LCT Pegmatites can occur.

“The acquisition of this tenement builds on our footprint of highly prospective and strategic tenure which sits in proximity to some of the most prolific lithium and gold projects in Western Australia,” managing director James Wilson says.