• A former director of Tesla’s Australian unit is released on condition of “good behaviour”
  • Macro Metals unearths multiple significant drills following review of historical exploration at Salar Verde
  • Lithium Energy mobilises drill rigs to fourth and fifth holes at Solaroz lithium project

All your lithium news, Tuesday March 21.

 

A former director of Tesla’s Australian unit has been sentenced to two years and six months’ imprisonment but will be released immediately on the condition of “good behaviour” for two years and six months, according to ASIC.

The sentence relates to Kurt Schlosser’s time as the Australian country director of Tesla, when he found out about a confidential supply deal the electric car maker signed with Piedmont Lithium (ASX:PLL).

On September 16, 2020, Schlosser purchased 86,478 shares in Piedmont Lithium in two transactions and told a friend about the pending deal in circumstances where it was likely that person would also acquire Piedmont Lithium shares.

Schlosser sold the shares for more than A$28,000 and pleaded guilty at a court in Sydney.

 

 

Here’s how ASX lithium stocks are tracking:

CODE COMPANY PRICE % TODAY MARKET CAP
IPT Impact Minerals 0.01 25% $19,850,964
KAI Kairos Minerals Ltd 0.021 24% $33,389,589
ADV Ardiden Ltd 0.007 17% $16,130,012
MMC Mitremining 0.26 13% $8,276,573
MLS Metals Australia 0.04 11% $21,853,303
XTC Xantippe Res Ltd 0.005 11% $47,610,449
MM1 Midasmineralsltd 0.165 10% $8,569,765
TUL Tulla Resources 0.275 10% $80,451,001
LEL Lithenergy 0.605 9% $33,383,250
IMI Infinitymining 0.19 9% $13,383,706
QXR Qx Resources Limited 0.03 7% $25,112,145
VMC Venus Metals Cor Ltd 0.15 7% $24,931,016
PSC Prospect Res Ltd 0.16 7% $69,338,919
EPM Eclipse Metals 0.016 7% $30,420,897
LLI Loyal Lithium Ltd 0.245 7% $13,682,700
TKM Trek Metals Ltd 0.066 6% $22,564,595
MXR Maximus Resources 0.035 6% $10,528,840
LRD Lordresourceslimited 0.2 5% $6,325,503
TYX Tyranna Res Ltd 0.02 5% $45,722,081
MRR Minrex Resources Ltd 0.022 5% $22,782,218
LIS Lisenergylimited 0.23 5% $36,501,121
EVR Ev Resources Ltd 0.0135 4% $12,167,793
CAI Calidus Resources 0.2325 3% $98,898,939
AGY Argosy Minerals Ltd 0.485 3% $660,071,524
PAM Pan Asia Metals 0.36 3% $54,286,957
NMT Neometals Ltd 0.58 3% $312,298,764
IGO IGO Limited 12.045 2% $8,913,042,159
WR1 Winsome Resources 1.41 2% $223,604,873
LKE Lake Resources 0.51 2% $709,972,352
CXO Core Lithium 0.825 2% $1,502,563,603
AAJ Aruma Resources Ltd 0.055 2% $8,475,921
AKE Allkem Limited 10.27 2% $6,433,970,088
INR Ioneer Ltd 0.29 2% $598,026,406
WES Wesfarmers Limited 49.09 2% $54,715,134,699
WC8 Wildcat Resources 0.03 2% $19,529,670
MNS Magnis Energy Tech 0.31 2% $295,951,102
ASN Anson Resources Ltd 0.1975 1% $237,677,132
SYA Sayona Mining Ltd 0.2075 1% $1,818,283,062
PLS Pilbara Min Ltd 3.52 1% $10,433,087,046
RIO Rio Tinto Limited 115.15 1% $42,314,936,234
MIN Mineral Resources. 77.79 1% $14,859,533,987
JRL Jindalee Resources 2.4 1% $136,561,939
LTR Liontown Resources 1.5075 1% $3,286,689,676
LLL Leolithiumlimited 0.4525 1% $443,995,610
1MC Morella Corporation 0.008 0% $48,788,644
AML Aeon Metals Ltd. 0.025 0% $27,410,016
AVZ AVZ Minerals Ltd 0.78 0% $2,752,409,203
ESS Essential Metals Ltd 0.485 0% $129,769,847
GLN Galan Lithium Ltd 0.995 0% $305,380,828
INF Infinity Lithium 0.1 0% $46,259,209
RLC Reedy Lagoon Corp. 0.006 0% $3,400,318
TKL Traka Resources 0.006 0% $4,336,647
TON Triton Min Ltd 0.03 0% $41,483,525
BMM Balkanminingandmin 0.24 0% $10,745,283
ARN Aldoro Resources 0.21 0% $23,711,587
AM7 Arcadia Minerals 0.21 0% $9,806,557
AS2 Askarimetalslimited 0.5 0% $24,748,765
BYH Bryah Resources Ltd 0.018 0% $5,062,563
DTM Dart Mining NL 0.038 0% $5,913,581
EMS Eastern Metals 0.062 0% $2,421,994
FG1 Flynngold 0.083 0% $8,538,504
LRV Larvottoresources 0.15 0% $10,088,208
RAG Ragnar Metals Ltd 0.014 0% $5,308,588
CTN Catalina Resources 0.005 0% $6,192,434
TMB Tambourahmetals 0.1 0% $4,119,260
EMC Everest Metals Corp 0.075 0% $7,982,483
WCN White Cliff Min Ltd 0.01 0% $7,840,544
WML Woomera Mining Ltd 0.012 0% $11,473,935
KGD Kula Gold Limited 0.017 0% $6,140,603
KZR Kalamazoo Resources 0.135 0% $20,225,615
AZI Altamin Limited 0.076 0% $29,770,473
ENT Enterprise Metals 0.008 0% $5,640,646
STM Sunstone Metals Ltd 0.03 0% $78,613,393
AVW Avira Resources Ltd 0.002 0% $4,267,580
RMX Red Mount Min Ltd 0.004 0% $9,087,404
A8G Australasian Metals 0.145 0% $5,969,722
EFE Eastern Resources 0.011 0% $13,661,411
SRZ Stellar Resources 0.01 0% $10,046,309
LSR Lodestar Minerals 0.005 0% $8,692,187
AOA Ausmon Resorces 0.004 0% $3,877,157
VKA Viking Mines Ltd 0.009 0% $9,227,326
SRI Sipa Resources Ltd 0.026 0% $5,932,112
RGL Riversgold 0.015 0% $14,182,016
ZNC Zenith Minerals Ltd 0.19 0% $66,824,148
G88 Golden Mile Res Ltd 0.015 0% $3,068,846
CZL Cons Zinc Ltd 0.018 0% $8,682,441
M2R Miramar 0.045 0% $3,180,678
WMC Wiluna Mining Corp 0.205 0% $74,238,031
AUN Aurumin 0.032 0% $5,720,263
ALY Alchemy Resource Ltd 0.015 0% $17,671,144
KTA Krakatoa Resources 0.028 0% $9,651,878
DAF Discovery Alaska Ltd 0.03 0% $6,727,041
IR1 Irismetals 1.16 0% $74,506,800
LNR Lanthanein Resources 0.016 0% $17,945,209
DAL Dalaroometalsltd 0.06 0% $1,792,500
CY5 Cygnus Metals Ltd 0.24 0% $44,129,811
A11 Atlantic Lithium 0.48 0% $290,755,997
CMD Cassius Mining Ltd 0.024 0% $9,803,830
LLO Lion One Metals Ltd 0.91 0% $10,928,156
PLL Piedmont Lithium Inc 0.775 -1% $337,567,620
AZL Arizona Lithium Ltd 0.0465 -1% $114,797,718
NVA Nova Minerals Ltd 0.44 -1% $93,845,950
VUL Vulcan Energy 5.71 -1% $830,490,393
RDT Red Dirt Metals Ltd 0.325 -2% $146,819,472
GT1 Greentechnology 0.59 -2% $114,443,036
LPI Lithium Pwr Int Ltd 0.26 -2% $166,710,853
CHR Charger Metals 0.245 -2% $10,928,592
FRS Forrestaniaresources 0.095 -2% $5,906,456
LRS Latin Resources Ltd 0.1125 -2% $253,190,316
EMH European Metals Hldg 0.585 -3% $75,598,447
GL1 Globallith 1.145 -3% $250,478,576
CRR Critical Resources 0.036 -3% $59,005,930
LIT Lithium Australia 0.033 -3% $41,520,517
SGQ St George Min Ltd 0.056 -3% $48,568,362
AOU Auroch Minerals Ltd 0.055 -4% $24,387,173
RAS Ragusa Minerals Ltd 0.073 -4% $10,837,508
MTM Mtmongerresources 0.095 -4% $7,005,264
TEM Tempest Minerals 0.022 -4% $11,649,566
GW1 Greenwing Resources 0.215 -4% $33,466,951
EUR European Lithium Ltd 0.064 -4% $99,779,025
OCN Oceanalithiumlimited 0.32 -4% $12,588,128
QPM Queensland Pacific 0.105 -5% $192,098,271
MQR Marquee Resource Ltd 0.02 -5% $6,871,358
DRE Dreadnought Resources Ltd 0.06 -5% $207,504,878
ZEO Zeotech Limited 0.058 -5% $100,083,046
PAT Patriot Lithium 0.255 -6% $16,372,126
PNN Power Minerals Ltd 0.305 -6% $23,479,899
VSR Voltaic Strategic 0.015 -6% $4,916,803
PGD Peregrine Gold 0.37 -6% $15,483,810
BNR Bulletin Res Ltd 0.088 -6% $27,597,563
SCN Scorpion Minerals 0.055 -8% $20,742,372
GSM Golden State Mining 0.032 -9% $4,095,497
FTL Firetail Resources 0.096 -9% $6,825,000
AX8 Accelerate Resources 0.021 -9% $8,684,840
LPD Lepidico Ltd 0.01 -9% $84,015,489
NWM Norwest Minerals 0.03 -9% $7,329,544
THR Thor Energy PLC 0.004 -20% $7,390,564
Wordpress Table Plugin

A total of 44 finished in the green, 55 fell flat, and 38 tumbled into the red.

 

Who’s got news out?

MACRO METALS (ASX:M4M)

After gathering an extensive database of historical exploration across the Salar Verde lithium brine/clay project in Chile, Macro Metals says it has unlocked multiple significant results including 8m at 490ppm Li from surface and 14m at 485ppm Li from surface.

An exploration-targeting program is now underway with the aim of conducting broad spaced drilling to test the clay-hosted lithium potential.

 

LITHIUM ENERGY (ASX:LEL)

Momentum is building towards a maiden resource at Lithium Energy’s Solaroz lithium brine project in Argentina, where drilling of the fourth and fifth holes of a 5000m drill program is looming.

Drill rigs have now mobilised to the fourth and fifth holes at Solaroz as drilling targets conductive brines identified by geophysics to depths of up to 500m below surface.

The company has already demonstrated that conductive brines encountered across its 12,000 hectare network of concessions are rich in lithium, as expected, being located adjacent to Allkem’s massive Olaroz operation and Lithium Americas’ Cauchari brine field.

Assay results are still pending for the second hole in the program on the Chico V concession.

 

AZURE MINERALS (ASX:AZS)

Azure Minerals has reeled in more spodumene-rich pegmatites at the Andover Project grading up to a maximum of 4.62% Li2O adjacent to historical artisanal tin-tantalum mine workings.

Out of 600 samples, 27 have returned grades exceeding 3% Li2O as drilling continues near prospect AP001 with spodumene-rich pegmatites visually identified in the first two completed drill holes carried out earlier this month.

 

 

At Stockhead we tell it like it is. While Lithium Energy and Azure Minerals are Stockhead clients, they did not sponsor this article.

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