• Woomera kicks off exploration activities at the Lake Dundas Lithium Project
  • Riversgold picks up new tenement, expands the Tambourah Lithium project in Western Australia 
  • Lake Resources executes a conditional framework agreement (CFA) with WMC Energy

All your lithium news, Thursday October 6. 

 

The second largest US-based auto-car maker, Ford, revealed this week that its electric vehicle sales tripled in September as demand continues to remain strong with new retail orders rapidly expanding.

Although total car sales for September tumbled some ~9%, total EV sales were up 197% with the F-150 Lightning keeping its name as ‘America’s best-selling electric pick up’ totalling 8,760 sales since launching in June.

Sales of Ford’s Mustang Mach-E SUV increased 47.3% over the last year, while turning in just 10 days on dealer lots.

Its electric commercial van– the E-Transit – raked in 4,387 sales for the month, which the company said, “represents a 90 per cent share of America’s overall electric vehicle market”.

Moving to hybrid vehicles, the auto-car maker totalled 74,046 vehicle sales through September while year-to-date sales were up 22.6% over last year.

 

Here’s how ASX lithium stocks are tracking:

CODE COMPANY PRICE % TODAY % WEEK % MONTH % YEAR MARKET CAP
WML Woomera Mining Ltd 0.023 53% 53% 44% 16% $10,302,496
KGD Kula Gold Limited 0.035 30% 30% 52% -27% $9,077,722
ALY Alchemy Resource Ltd 0.033 27% 65% 50% 141% $24,779,983
MRR Minrex Resources Ltd 0.052 18% 27% 11% 189% $47,650,501
ADV Ardiden Ltd 0.007 17% 0% -13% -36% $16,010,012
GW1 Greenwing Resources 0.4 14% -2% 38% 31% $43,836,572
QXR Qx Resources Limited 0.076 13% 43% 181% 443% $57,577,276
LNR Lanthanein Resources 0.043 13% 23% -23% 153% $36,587,372
KTA Krakatoa Resources 0.074 12% 17% 23% 7% $22,750,855
RGL Riversgold 0.039 11% 8% 15% 72% $27,131,648
EFE Eastern Resources 0.042 11% 50% 45% 35% $38,348,208
LPD Lepidico Ltd 0.024 9% 4% -14% 9% $143,158,207
RMX Red Mount Min Ltd 0.006 9% 9% -14% -33% $9,033,001
AS2 Askarimetalslimited 0.4 8% 33% 25% 90% $16,781,407
EVR Ev Resources Ltd 0.027 8% 8% 0% -18% $23,149,602
ESS Essential Metals Ltd 0.495 8% 13% 6% 267% $114,095,542
EMS Eastern Metals 0.145 7% 0% 32% 0% $5,218,594
IPT Impact Minerals 0.0075 7% 7% 0% -48% $17,369,594
DRE Dreadnought Resources Ltd 0.105 7% 5% -16% 184% $298,168,288
LLL Leolithiumlimited 0.615 7% 5% 10% 0% $567,327,724
PAM Pan Asia Metals 0.395 7% 8% -9% -4% $27,350,490
TMB Tambourahmetals 0.16 7% 3% 3% -22% $6,178,890
AOU Auroch Minerals Ltd 0.064 7% 5% -3% -61% $22,266,708
PLS Pilbara Min Ltd 5.4 6% 19% 46% 188% $15,251,996,499
INR Ioneer Ltd 0.67 6% 13% 9% 16% $1,332,315,138
RDT Red Dirt Metals Ltd 0.6 5% -10% 5% -8% $189,237,619
CZL Cons Zinc Ltd 0.02 5% -5% -17% -26% $8,795,508
LIS Lisenergylimited 0.525 5% 4% -7% -74% $82,957,094
CRR Critical Resources 0.065 5% -3% 59% 171% $92,380,945
EPM Eclipse Metals 0.022 5% 5% -4% -51% $42,509,394
1MC Morella Corporation 0.023 5% 10% -8% -64% $127,634,227
TON Triton Min Ltd 0.024 4% 14% -14% -31% $31,804,036
SYA Sayona Mining Ltd 0.245 4% 9% -4% 58% $1,952,651,533
PNN Power Minerals Ltd 0.495 4% 5% 1% 30% $34,274,591
BNR Bulletin Res Ltd 0.125 4% 4% -7% 108% $35,110,932
GL1 Globallith 2.37 4% 10% 40% 577% $361,832,024
AZL Arizona Lithium Ltd 0.081 4% 4% 0% 98% $187,974,194
AML Aeon Metals Ltd. 0.029 4% 0% 4% -49% $30,616,062
PGD Peregrine Gold 0.6 3% 1% -17% 50% $22,458,502
BMM Balkanminingandmin 0.32 3% -22% 73% -50% $10,152,500
TUL Tulla Resources 0.485 3% 13% -2% 21% $75,301,930
STM Sunstone Metals Ltd 0.034 3% 0% -24% 55% $85,682,732
AX8 Accelerate Resources 0.036 3% 0% -5% -14% $9,466,061
KAI Kairos Minerals Ltd 0.036 3% 16% 29% 20% $68,743,272
WR1 Winsome Resources 0.365 3% 22% 38% 0% $47,965,468
CY5 Cygnus Gold Limited 0.37 3% 48% 25% 208% $52,986,713
MM1 Midasmineralsltd 0.19 3% -5% -7% 6% $10,569,376
MNS Magnis Energy Tech 0.385 3% 4% -25% 28% $363,874,306
LPI Lithium Pwr Int Ltd 0.59 3% 11% -2% 97% $224,940,647
FTL Firetail Resources 0.21 2% 5% -16% 0% $12,665,413
AUN Aurumin 0.094 2% -4% -18% -48% $11,528,257
LKE Lake Resources 1.025 2% 11% -7% 88% $1,396,923,578
LIT Lithium Australia 0.057 2% 4% -15% -50% $68,300,020
AKE Allkem Limited 14.29 2% 3% 6% 73% $8,952,719,527
A8G Australasian Metals 0.3 2% 3% 11% -24% $12,145,296
MQR Marquee Resource Ltd 0.062 2% 9% -14% -5% $19,252,672
ZNC Zenith Minerals Ltd 0.31 2% 11% 5% 55% $105,152,495
CXO Core Lithium 1.16 1% 5% -15% 194% $1,989,088,683
IR1 Irismetals 1.945 1% 7% 59% 784% $117,561,600
GT1 Greentechnology 0.78 1% 6% 13% 0% $146,868,563
MIN Mineral Resources. 73.01 1% 15% 22% 72% $13,668,567,095
IGO IGO Limited 15.18 1% 11% 19% 77% $11,381,735,229
GLN Galan Lithium Ltd 1.21 1% 4% 3% 30% $365,483,857
RIO Rio Tinto Limited 98.05 0% 9% 7% 1% $36,323,506,540
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% 156% $2,752,409,203
EUR European Lithium Ltd 0.078 0% 5% -4% -20% $109,218,656
INF Infinity Lithium 0.185 0% 3% 0% 68% $76,962,417
QPM Queensland Pacific 0.145 0% 12% 0% -38% $227,898,404
TKL Traka Resources 0.007 0% 17% 0% -42% $4,821,422
AAJ Aruma Resources Ltd 0.073 0% 28% 9% -10% $11,458,190
AM7 Arcadia Minerals 0.31 0% 15% 19% 68% $14,476,347
BYH Bryah Resources Ltd 0.026 0% 13% -7% -52% $7,260,590
DTM Dart Mining NL 0.08 0% 8% -27% -33% $12,384,813
FRS Forrestaniaresources 0.1725 0% -7% -12% -44% $7,384,950
LRV Larvottoresources 0.205 0% 5% -9% 0% $8,514,163
MMC Mitremining 0.16 0% -6% 23% -30% $4,333,616
RAG Ragnar Metals Ltd 0.026 0% -35% -26% -35% $9,858,807
SHH Shree Minerals Ltd 0.009 0% -10% 0% 0% $11,146,382
TEM Tempest Minerals 0.035 0% 9% -10% 75% $17,666,816
TSC Twenty Seven Co. Ltd 0.002 0% 0% 0% -43% $10,041,254
WCN White Cliff Min Ltd 0.021 0% 0% -9% 75% $15,699,671
LRS Latin Resources Ltd 0.11 0% 17% 5% 162% $216,425,928
SCN Scorpion Minerals 0.073 0% 4% -8% 33% $24,223,677
ENT Enterprise Metals 0.011 0% 0% 22% -21% $7,182,788
AVW Avira Resources Ltd 0.003 0% -25% -25% -50% $6,356,370
NVA Nova Minerals Ltd 0.7 0% 6% -25% -33% $128,562,893
CAI Calidus Resources 0.56 0% 13% 0% 0% $245,157,755
NWM Norwest Minerals 0.041 0% 24% -35% -47% $9,106,403
AOA Ausmon Resorces 0.008 0% 0% 0% 14% $6,858,315
G88 Golden Mile Res Ltd 0.028 0% 8% -18% -38% $5,728,513
WC8 Wildcat Resources 0.035 0% 17% 30% 6% $22,584,545
THR Thor Mining PLC 0.009 0% 0% -10% -49% $9,892,470
MXR Maximus Resources 0.05 0% 11% -7% -38% $15,945,288
M2R Miramar 0.1 0% 10% -13% -49% $6,418,666
XTC Xantippe Res Ltd 0.008 0% 0% -11% 300% $65,161,839
LRD Lordresourceslimited 0.28 0% 2% 51% 0% $9,319,694
WMC Wiluna Mining Corp 0.205 0% 0% 0% -76% $74,238,031
DAF Discovery Alaska Ltd 0.065 0% -2% -17% 55% $14,575,255
DAL Dalaroometalsltd 0.13 0% 8% 30% -43% $3,883,750
TKM Trek Metals Ltd 0.053 0% -16% -24% -58% $16,462,338
LTR Liontown Resources 1.605 0% 10% -4% 21% $3,536,260,914
WES Wesfarmers Limited 45.04 -1% 4% -3% -15% $51,510,362,194
AGY Argosy Minerals Ltd 0.5 -1% 3% 23% 170% $691,465,882
CHR Charger Metals 0.485 -1% 3% 0% 17% $21,366,957
AZI Altamin Limited 0.082 -1% 9% -14% 1% $32,512,490
ZEO Zeotech Limited 0.039 -1% -7% -25% -53% $63,774,048
JRL Jindalee Resources 2.26 -1% 2% -10% 3% $131,397,832
LEL Lithenergy 1.15 -2% 56% 19% 102% $70,375,500
IMI Infinitymining 0.23 -2% 10% 12% 0% $13,512,500
TYX Tyranna Res Ltd 0.045 -2% 5% 32% 650% $110,350,565
MLS Metals Australia 0.044 -2% 5% -12% 10% $27,316,629
MMG Monger Gold Ltd 0.4 -2% 3% 11% 67% $16,416,400
PLL Piedmont Lithium Inc 0.855 -3% -2% -1% 17% $464,262,304
VUL Vulcan Energy 7.62 -3% 1% -1% -34% $1,125,182,113
RAS Ragusa Minerals Ltd 0.32 -3% -9% 39% 272% $43,234,167
VMC Venus Metals Cor Ltd 0.145 -3% -6% -15% -17% $24,011,802
EMH European Metals Hldg 0.705 -3% -5% -2% -48% $87,373,472
NMT Neometals Ltd 1.11 -3% 2% -15% 41% $635,198,484
OCN Oceanalithiumlimited 0.53 -4% 4% -9% 0% $18,438,750
MTM Mtmongerresources 0.125 -4% 0% -11% -24% $4,876,304
SRI Sipa Resources Ltd 0.044 -4% -12% -6% -21% $9,431,141
ARN Aldoro Resources 0.21 -5% -2% -14% -45% $21,909,210
GSM Golden State Mining 0.039 -5% -17% -28% -71% $4,797,582
PSC Prospect Res Ltd 0.095 -5% 1% 1% 386% $46,225,946
ASN Anson Resources Ltd 0.305 -6% 7% 7% 281% $381,598,025
RLC Reedy Lagoon Corp. 0.014 -7% 0% -13% -39% $8,361,404
VKA Viking Mines Ltd 0.007 -7% 0% -13% -56% $7,689,438
SRZ Stellar Resources 0.013 -7% -7% -19% -55% $14,064,833
LSR Lodestar Minerals 0.006 -8% 9% -14% -25% $11,299,843
FG1 Flynngold 0.11 -8% 0% 16% -24% $7,687,326
KZR Kalamazoo Resources 0.2 -9% 8% -13% -42% $32,740,262
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63 lithium companies finished in the green, 42 fell flat and 26 rolled down into red territory.

 

Who’s got news out?

WOOMERA MINING (ASX:WML)

Exploration activities are underway at the Lake Dundas Lithium Project in Western Australia’s Southern Yilgarn Craton where drilling has kicked off to evaluate lithium brine and bedrock mineralisation.

Lake Dundas is believed to be enriched in lithium minerals based on historical shallow auger soil sampling results of up to 54ppm Li and comparative enrichments in lithium-bearing salt lakes around the world.

Adding to the project’s prospectivity is its proximity to the Bald Hill lithium deposit and the Mt Dean lithium occurrences south of the Norseman township, WML said in a statement on Thursday.

“There is potential for Lake Dundas to act as a trap site and concentrate lithium minerals within the flat-lying lacustrine lake sediments.”

A 94 air core drilling program for 5,000m is set to take off shortly and WML will keep the market informed on developments and results as they come.

 

RIVERSGOLD (ASX:RGL)

RGL has acquired a new tenement, expanding the Tambourah Lithium project in Western Australia’s Pilbara region by an additional 1.62km2.

The new tenement (P45/3135) is home to prospective greenstones in the southern part of the site, which sits within what is called the ‘Goldilocks zone’ for large lithium-caesium-tantalum (LCT) systems.

“We are pleased to continue the consolidation in and around Tambourah where it makes economic sense,” RGL managing director Julian Ford says.

“Riversgold have an extensive geophysics and geochemical database for Tambourah and we are actively exploring the region.”

 

LAKE RESOURCES (ASX:LKE)

Lake has executed a conditional framework agreement (CFA) with WMC Energy, involving a 10% strategic investment and off-take for up to 25,000mtpa battery grade lithium from the Kachi Project in Argentina’s Catamarca Province.

The CFA is subject to a standard set of conditions being achieved by Lake Resources including the finalisation of the Definitive Feasibility Study (DFS), the performance of Lilac’s demonstration plant, due diligence by WMC, and the LCE meeting the applicable product specifications.

Lake’s new CEO and MD David Dickson states that the CFA cements the ability of Lake to scale up the production of LCE in an environmentally friendly fashion and offers partners like WMC an opportunity to participate in Lake’s other projects.

 

PILBARA MINERALS (ASX:PLS)

Pilbara Minerals’ chief financial officer, Bryan Lynn, has stepped down after more than six years with the company on a decision to spend more time with his following.

Lynn joined PLS in June 2016 and has been an integral part of the company’s success, helping to oversee the financing, construction, development, and successful ramp up of the Pilgangoora Lithium Project.

The lithium stock has commenced a global search to source a suitably qualified CFO with Lynn agreeing to remain in the role until a suitable replacement is found.