Eye on Lithium: Global EV passenger registrations jump 42pc in first half of 2022

Atlantic Lithium hits 4.52% Li2O over 1m from 54m at Ewoyaa
Lake Resources’ demonstration plant at Kachi delivers ‘at spec’ product
Vulcan expands Zero Carbon Lithium Project into France

All your lithium news, Wednesday November 2.

Adamas Intelligences’ new ‘State of Charge’ report finds global passenger EV registrations jumped 42pc in the first half of 2022 driven by surging sales growth in the Asia Pacific (up 75pc year-over-year), modest growth in the Americas (19pc year-over-year) and Europe (10pc year-over-year).

In the Asia Pacific region specifically, a 75pc increase in EV sales year-over-year in the first half of 2022 translated to a massive 118% increase in watt-hours of battery capacity deployed onto roads over the same period the year prior, and a corresponding 113% increase in lithium.

ICYMI: Latest “State of Charge’ report from @AdamasIntel

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Next report in early 2023#EVs #batteries #batterymetals #lithium #nickel #cobalt #manganese #graphite #cathodes #anodes #automakers #cellsuppliers https://t.co/x7hCW4no4e

— Adamas Intelligence (@AdamasIntel) October 31, 2022

“The total global battery capacity deployed onto roads in all regions combined amounted to a hefty 195.5 GWh, 79 per cent more than was deployed globally in the first half of 2021,” the research firm states.

“Tesla continued to lead the pack by battery capacity deployed onto roads globally, installing nearly as many watt-hours into newly sold EVs as its four closest competitors combined.”

Meanwhile, just seven cell suppliers globally (CATL, LG Energy Solution, Panasonic, BYD, SK On, Samsung SDI and CALB) were collectively responsible for more than 82pc of all battery capacity and battery metals deployed onto roads globally in passenger EVs in the first half of 2022.

Interestingly, Adamas adds around 117,200t of lithium carbonate equivalent (LCE) was deployed onto roads globally in the batteries of all newly sold passenger EVs combined, 76% more than were deployed globally int the first half of 2021.

Here’s how ASX lithium companies are tracking today:

CODE	COMPANY	PRICE	% TODAY	MARKET CAP
WR1	Winsome Resources	0.815	57%	$70,259,277
A11	Atlantic Lithium	0.865	23%	$427,047,870
SRZ	Stellar Resources	0.013	18%	$11,050,940
AOA	Ausmon Resorces	0.007	17%	$5,143,736
VMC	Venus Metals Cor Ltd	0.1725	15%	$24,011,802
VKA	Viking Mines Ltd	0.008	14%	$7,176,809
XTC	Xantippe Res Ltd	0.008	14%	$57,016,609
FRS	Forrestaniaresources	0.225	14%	$9,957,914
QXR	Qx Resources Limited	0.074	14%	$57,321,051
MMG	Monger Gold Ltd	0.52	11%	$18,818,800
LNR	Lanthanein Resources	0.033	10%	$28,884,767
LRV	Larvottoresources	0.185	9%	$8,483,935
EFE	Eastern Resources	0.037	9%	$38,091,593
EMS	Eastern Metals	0.125	9%	$4,492,407
MM1	Midasmineralsltd	0.195	8%	$10,283,718
PAM	Pan Asia Metals	0.4	7%	$55,070,846
THR	Thor Mining PLC	0.008	7%	$8,263,489
TKM	Trek Metals Ltd	0.064	7%	$18,636,609
KGD	Kula Gold Limited	0.033	6%	$10,422,570
CY5	Cygnus Gold Limited	0.51	6%	$73,644,151
PNN	Power Minerals Ltd	0.515	6%	$34,996,161
AOU	Auroch Minerals Ltd	0.056	6%	$19,668,925
LKE	Lake Resources	1.11	5%	$1,474,352,632
LLL	Leolithiumlimited	0.675	5%	$636,393,708
IR1	Irismetals	1.53	4%	$91,899,450
DRE	Dreadnought Resources Ltd	0.12	4%	$349,891,358
OCN	Oceanalithiumlimited	0.495	4%	$15,924,375
WML	Woomera Mining Ltd	0.0135	4%	$10,178,830
CRR	Critical Resources	0.057	4%	$81,960,321
TEM	Tempest Minerals	0.03	3%	$14,638,219
AGY	Argosy Minerals Ltd	0.515	3%	$699,946,999
ALY	Alchemy Resource Ltd	0.035	3%	$39,884,593
KZR	Kalamazoo Resources	0.2	3%	$29,019,778
1MC	Morella Corporation	0.0205	3%	$116,031,116
EUR	European Lithium Ltd	0.1025	3%	$144,423,918
LPD	Lepidico Ltd	0.0205	3%	$131,644,325
MRR	Minrex Resources Ltd	0.042	2%	$44,425,210
MXR	Maximus Resources	0.042	2%	$13,075,136
AZI	Altamin Limited	0.087	2%	$33,295,924
ESS	Essential Metals Ltd	0.47	2%	$115,815,869
LIT	Lithium Australia	0.048	2%	$57,395,539
PSC	Prospect Res Ltd	0.096	2%	$43,452,389
GT1	Greentechnology	0.96	2%	$179,294,089
NWM	Norwest Minerals	0.053	2%	$11,549,584
SRI	Sipa Resources Ltd	0.055	2%	$11,071,339
ZNC	Zenith Minerals Ltd	0.29	2%	$98,257,250
RIO	Rio Tinto Limited	92.07	2%	$33,591,355,205
ASN	Anson Resources Ltd	0.32	2%	$370,056,929
WES	Wesfarmers Limited	46.79	2%	$52,258,696,754
MNS	Magnis Energy Tech	0.38	1%	$363,874,306
JRL	Jindalee Resources	2.38	1%	$134,840,570
LIS	Lisenergylimited	0.41	1%	$67,195,246
MTM	Mtmongerresources	0.097	1%	$3,600,963
LPI	Lithium Pwr Int Ltd	0.51	1%	$197,556,569
GLN	Galan Lithium Ltd	1.565	1%	$472,083,316
INR	Ioneer Ltd	0.5725	0%	$1,195,936,423
ADV	Ardiden Ltd	0.007	0%	$18,678,347
AVZ	AVZ Minerals Ltd	0.78	0%	$2,752,409,203
INF	Infinity Lithium	0.21	0%	$87,506,952
MLS	Metals Australia	0.037	0%	$22,460,339
TKL	Traka Resources	0.006	0%	$4,132,647
ARN	Aldoro Resources	0.285	0%	$31,517,385
AAJ	Aruma Resources Ltd	0.07	0%	$10,987,305
AX8	Accelerate Resources	0.03	0%	$8,113,767
AM7	Arcadia Minerals	0.295	0%	$13,775,878
BYH	Bryah Resources Ltd	0.022	0%	$6,143,576
DTM	Dart Mining NL	0.068	0%	$10,557,691
FG1	Flynngold	0.105	0%	$6,726,410
GSM	Golden State Mining	0.039	0%	$4,563,554
IMI	Infinitymining	0.245	0%	$15,464,094
MMC	Mitremining	0.195	0%	$5,281,595
SHH	Shree Minerals Ltd	0.0075	0%	$9,288,652
TSC	Twenty Seven Co. Ltd	0.002	0%	$10,643,256
AZL	Arizona Lithium Ltd	0.079	0%	$190,384,119
SCN	Scorpion Minerals	0.07	0%	$23,359,433
ENT	Enterprise Metals	0.009	0%	$5,876,826
PGD	Peregrine Gold	0.45	0%	$17,424,700
AVW	Avira Resources Ltd	0.003	0%	$6,401,370
CAI	Calidus Resources	0.39	0%	$170,734,865
LSR	Lodestar Minerals	0.005	0%	$8,692,187
IPT	Impact Minerals	0.007	0%	$17,369,594
RGL	Riversgold	0.043	0%	$33,380,945
RAS	Ragusa Minerals Ltd	0.225	0%	$29,477,841
G88	Golden Mile Res Ltd	0.022	0%	$4,500,975
EPM	Eclipse Metals	0.018	0%	$36,436,623
EVR	Ev Resources Ltd	0.022	0%	$20,371,650
WC8	Wildcat Resources	0.031	0%	$20,204,955
M2R	Miramar	0.091	0%	$6,432,039
LRD	Lordresourceslimited	0.295	0%	$9,818,963
WMC	Wiluna Mining Corp	0.205	0%	$74,238,031
AUN	Aurumin	0.084	0%	$10,525,800
KTA	Krakatoa Resources	0.063	0%	$21,716,725
FTL	Firetail Resources	0.18	0%	$11,120,850
DAL	Dalaroometalsltd	0.13	0%	$3,883,750
TUL	Tulla Resources	0.385	0%	$61,683,496
CMD	Cassius Mining Ltd	0.03	0%	$12,112,227
NMT	Neometals Ltd	1.115	0%	$618,628,089
EMH	European Metals Hldg	0.795	-1%	$95,751,750
MIN	Mineral Resources.	73.15	-1%	$13,988,705,913
SYA	Sayona Mining Ltd	0.2325	-1%	$1,953,816,471
CHR	Charger Metals	0.45	-1%	$19,840,746
VUL	Vulcan Energy	7.4	-1%	$1,075,014,758
LEL	Lithenergy	1.11	-1%	$67,668,750
QPM	Queensland Pacific	0.1675	-1%	$294,145,290
BMM	Balkanminingandmin	0.315	-2%	$13,763,442
GW1	Greenwing Resources	0.315	-2%	$40,385,748
IGO	IGO Limited	15.09	-2%	$11,616,488,251
NVA	Nova Minerals Ltd	0.795	-2%	$148,765,633
RDT	Red Dirt Metals Ltd	0.52	-2%	$176,346,453
PLL	Piedmont Lithium Inc	0.975	-2%	$524,932,946
A8G	Australasian Metals	0.23	-2%	$9,675,066
LRS	Latin Resources Ltd	0.1125	-2%	$229,641,140
TYX	Tyranna Res Ltd	0.045	-2%	$110,603,565
AKE	Allkem Limited	14.675	-2%	$9,590,377,613
ZEO	Zeotech Limited	0.038	-3%	$62,966,781
PLS	Pilbara Min Ltd	5.17	-3%	$15,862,774,789
WCN	White Cliff Min Ltd	0.0175	-3%	$13,456,861
KAI	Kairos Minerals Ltd	0.031	-3%	$62,850,992
DAF	Discovery Alaska Ltd	0.031	-3%	$7,175,510
MQR	Marquee Resource Ltd	0.059	-3%	$19,374,672
CXO	Core Lithium	1.3925	-3%	$2,641,709,809
LTR	Liontown Resources	1.87	-3%	$4,250,102,402
BNR	Bulletin Res Ltd	0.125	-4%	$38,036,843
AML	Aeon Metals Ltd.	0.024	-4%	$27,335,769
CZL	Cons Zinc Ltd	0.023	-4%	$11,110,115
RAG	Ragnar Metals Ltd	0.018	-5%	$7,204,513
GL1	Globallith	2.265	-6%	$380,875,814
STM	Sunstone Metals Ltd	0.033	-6%	$90,875,625
AS2	Askarimetalslimited	0.405	-6%	$21,215,822
TMB	Tambourahmetals	0.13	-7%	$5,766,964
TON	Triton Min Ltd	0.023	-8%	$34,569,604
RLC	Reedy Lagoon Corp.	0.011	-8%	$6,689,123
RMX	Red Mount Min Ltd	0.0055	-8%	$9,854,183

55 companies finished in the green, 42 fell flat and 36 tumbled into a sea of red.

Who’s got news out?

ATLANTIC LITHIUM (ASX:A11)

The African focused lithium exploration company has reported its high-grade assay to date of 4.52% Li2O over 1m from 54m as well as 3.99% Li2O from 53m at the Ewoyaa Lithium Project in Ghana, West Africa.

A11 says this provides confidence in resource conversion at Ewoyaa, and extends mineralisation downdip at the Grasscutter East, Grasscutter West and Anokyi deposits.

“We anticipate further news flow from pending drilling results into the end of the year and are targeting a resource upgrade at the end of 2022 or early 2023, dependent on lab turn-around time,” A11 interim CEO Lennard Kolff says.

“The increased resource estimate will inform a definitive feasibility study, targeted for completion in mid-2023.”

With the PFS delivered, the mining licence application submitted, ongoing positive drilling results and the support of a funding agreement with Piedmont Lithium, A11 says the company is ideally positioned to benefit from the unprecedented levels of lithium demand that are expected over the coming years.

LAKE RESOURCES (ASX:LKE)

Lake completed the construction of the demonstration plant on site with the wet and dry commissioning process taking place during September and October.

LKE says the demonstration plant is now processing Kachi brines with final optimisation of the process nearing completion.

VULCAN ENERGY RESOURCES (ASX:VUL)

A number of initiatives have kicked off to expand the Zero Carbon Lithium business into France – in particular Alsace, which is a natural extension of the Upper Rhine Valley geothermal lithium brine field.

Vulcan has created a French entity, Vulcan Energie France SAS (VEF), registered in Strasbourg with offices in Haguenau, where Vulcan is growing an experienced French team.

VEF has applied for its first lithium exploration license in the region, “Les Cigognes”, covering some 155km.

Vulcan says VEF is in discussions with local companies in Alsace to develop combined geothermal energy and lithium projects, and also to support industrials and municipalities to decarbonise their heating supply.

ANSON RESOURCES (ASX:ASN)

Anson has delivered a 1Mt lithium carbonate equivalent (LCE) mineral resource and 5.7Mt of bromine at the Paradox Lithium Project – a 24pc increase on the previously reported mineral resource.

The new resource includes an indicated grade of 346,109t of LCE and 1.84Mt of bromine as well as an inferred resource of 691,800t of LCE and 3.43Mt of bromine.

This new upgrade represents another significant achievement in the development pathway of the project and will be incorporated into the DFS – which estimated up to 13,000tpa LCE production across the first 10 years of a 23-year project life (Phase 1).

GALAN LITHIUM (ASX:GLN)

GLN has submittd an application to scale up the piloting stage of the Hombre Muerto West Project (HMW) in Argentina to 4,000tpa of lithium carbonate equivalent (LCE) including construction of 120Ha of evaporation ponds.

If the application is successful, the construction of the expanded pilot pond system could commence in mid-2023, allowing Galan to accelerate the ramp up of brine evaporation.

The scaled-up piloting is expected to deliver targeted first-phase, high-quality 6% Li concentrate on a semi-commercial scale.

Along with the additional 120Ha of evaporation ponds, the scaled up pilot plant application includes reagents treatment area, administration and warehouse facilities, laboratory, power supply (including solar plant) and the original small pilot facility to trial production of lithium carbonate.

ALTAMIN (ASX:AZI)

AZI has been granted an exploration licence for the Galeria Project by the Lazio Regional Government in Italy for an initial two-year period.

Altamin says the ground is highly prospective for lithium in geothermal brines where initial work will consist of a desk-top review and analysis of the historical geological and technical data of any pre-existing wells on each property.

This will then be followed by an assessment of surface access and the feasibility to resample the geothermal brines ahead of a comprehensive geochemical and geothermal study.

IRIS METALS (ASX:IR1)

IR1 has secured contracted for an initial 10,000m RC drilling program for resource definition at the South Dakota Project targeting the Black Diamond Mine and Beecher Mine pegmatites.

Spodumene is mapped over the entire length of the Black Diamond pegmatite supported by the strong lithium readings returned when testing the pegmatite with a LIBS analyser.

Drill testing of the southern extension of the Beecher Mine is also planned, which has historically produced lithium concentrate along with other commercial minerals.