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Mining
All your lithium news, Tuesday, May 30.
While the number 42 may be the answer to the universe, it could also be one of the answers on our journey towards becoming a cleaner planet.
US officials reckon that the global supply of lithium alone needs to increase 42X by 2050 to meet the rising demand for electric vehicles, even though investment in clean technologies (yep, this means digging lithium too), is significantly outpacing spending on fossil fuels.
The International Energy Agency (IEA) agrees, as it estimates US$1.7 TRILLION – about 60% of our global energy spend of US$2.8 trillion – this year will go on clean tech, including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps. The paltry remainder will be spent on coal, gas and oil.
“Clean energy is moving fast – faster than many people realise. This is clear in the investment trends, where clean technologies are pulling away from fossil fuels,” IEA executive director Fatih Birol said.
“For every dollar invested in fossil fuels, about 1.7 dollars are now going into clean energy. Five years ago, this ratio was one-to-one.
“One shining example is investment in solar, which is set to overtake the amount of investment going into oil production for the first time.”
Code Company Price % Today Market Cap WC8 Wildcat Resources 0.1075 25% $56,933,955 BYH Bryah Resources Ltd 0.021 24% $4,781,309 TKM Trek Metals Ltd 0.08 13% $25,840,101 XTC Xantippe Res Ltd 0.0045 13% $45,920,399 G88 Golden Mile Res Ltd 0.022 10% $5,592,863 A8G Australasian Metals 0.17 10% $8,078,677 LPD Lepidico Ltd 0.013 8% $91,653,387 LLL Leolithiumlimited 0.915 8% $838,658,375 FBM Future Battery 0.1175 7% $47,062,965 AML Aeon Metals Ltd. 0.018 6% $18,638,811 LLO Lion One Metals Ltd 0.82 5% $9,454,349 MAN Mandrake Res Ltd 0.044 5% $25,147,917 EMC Everest Metals Corp 0.09 5% $11,131,247 EMC Everest Metals Corp 0.09 5% $11,131,247 ARN Aldoro Resources 0.125 4% $16,130,849 FRS Forrestaniaresources 0.075 4% $4,384,174 ZNC Zenith Minerals Ltd 0.135 4% $45,809,515 LNR Lanthanein Resources 0.0155 3% $16,823,634 OCN Oceanalithiumlimited 0.31 3% $11,752,950 GL1 Globallith 1.43 3% $361,376,889 BUR Burleyminerals 0.23 2% $16,789,456 PSC Prospect Res Ltd 0.1325 2% $60,093,730 MMC Mitremining 0.28 2% $10,514,653 AUN Aurumin 0.028 2% $5,678,075 ZEO Zeotech Limited 0.058 2% $93,520,223 MIN Mineral Resources. 72.61 2% $13,839,938,238 LPI Lithium Pwr Int Ltd 0.32 2% $198,165,731 SCN Scorpion Minerals 0.07 1% $23,853,727 LTR Liontown Resources 2.765 1% $6,029,316,460 IGO IGO Limited 14.565 1% $10,934,947,220 EMH European Metals Hldg 0.59 1% $73,683,067 INR Ioneer Ltd 0.3425 1% $713,435,011 WES Wesfarmers Limited 49.3 1% $55,622,328,642 AKE Allkem Limited 14.88 0% $9,475,599,158 RIO Rio Tinto Limited 109.115 0% $40,499,688,947 ADV Ardiden Ltd 0.007 0% $18,818,347 ASN Anson Resources Ltd 0.18 0% $220,237,309 AVZ AVZ Minerals Ltd 0.78 0% $2,752,409,203 EUR European Lithium Ltd 0.1 0% $148,923,918 JRL Jindalee Resources 2.03 0% $116,479,301 PLL Piedmont Lithium Inc 0.845 0% $365,698,255 QPM Queensland Pacific 0.11 0% $192,098,271 RLC Reedy Lagoon Corp. 0.006 0% $3,400,318 TKL Traka Resources 0.005 0% $4,356,646 AX8 Accelerate Resources 0.023 0% $8,684,840 AM7 Arcadia Minerals 0.16 0% $7,471,663 FG1 Flynngold 0.069 0% $7,098,274 IMI Infinitymining 0.13 0% $9,942,181 RAG Ragnar Metals Ltd 0.019 0% $7,204,513 CTN Catalina Resources 0.004 0% $4,953,948 TMB Tambourahmetals 0.115 0% $4,737,149 TEM Tempest Minerals 0.014 0% $7,095,503 WCN White Cliff Min Ltd 0.006 0% $5,754,326 WML Woomera Mining Ltd 0.014 0% $13,386,257 LRS Latin Resources Ltd 0.18 0% $457,347,885 KZR Kalamazoo Resources 0.125 0% $19,050,794 ENT Enterprise Metals 0.005 0% $3,525,403 KAI Kairos Minerals Ltd 0.018 0% $35,353,683 STM Sunstone Metals Ltd 0.026 0% $80,131,607 AVW Avira Resources Ltd 0.002 0% $4,267,580 NVA Nova Minerals Ltd 0.3 0% $63,266,933 GT1 Greentechnology 0.695 0% $132,563,183 CAI Calidus Resources 0.185 0% $101,633,046 MQR Marquee Resource Ltd 0.026 0% $8,507,395 SRZ Stellar Resources 0.011 0% $11,050,940 LSR Lodestar Minerals 0.005 0% $9,216,987 NWM Norwest Minerals 0.029 0% $7,173,765 AOA Ausmon Resorces 0.004 0% $3,877,157 IPT Impact Minerals 0.011 0% $31,291,743 SRI Sipa Resources Ltd 0.019 0% $4,335,005 VMC Venus Metals Cor Ltd 0.19 0% $34,433,450 RAS Ragusa Minerals Ltd 0.08 0% $11,407,903 EVR Ev Resources Ltd 0.015 0% $14,039,761 THR Thor Energy PLC 0.005 0% $7,368,064 MXR Maximus Resources 0.041 0% $13,081,286 DRE Dreadnought Resources Ltd 0.055 0% $183,025,052 MM1 Midasmineralsltd 0.18 0% $10,283,718 M2R Miramar 0.05 0% $4,019,087 LLI Loyal Lithium Ltd 0.32 0% $19,036,800 WMC Wiluna Mining Corp 0.205 0% $74,238,031 GW1 Greenwing Resources 0.265 0% $39,726,090 KTA Krakatoa Resources 0.026 0% $9,447,791 TYX Tyranna Res Ltd 0.021 0% $50,534,932 DAF Discovery Alaska Ltd 0.036 0% $8,432,449 FTL Firetail Resources 0.093 0% $7,161,000 IR1 Irismetals 1.16 0% $74,506,800 DAL Dalaroometalsltd 0.062 0% $1,852,250 CMD Cassius Mining Ltd 0.017 0% $6,944,379 PAT Patriot Lithium 0.24 0% $14,733,000 RMX Red Mount Min Ltd 0.004 0% $9,087,404 ENT Enterprise Metals 0.005 0% $3,525,403 FIN FIN Resources Ltd 0.019 0% $11,752,172 NIS Nickelsearch 0.071 0% $4,295,885 IEC Intra Energy Corp 0.008 0% $5,646,253 A11 Atlantic Lithium 0.61 -1% $374,683,621 PLS Pilbara Min Ltd 4.495 -1% $13,611,747,174 ESS Essential Metals Ltd 0.445 -1% $120,405,012 AZL Arizona Lithium Ltd 0.0445 -1% $121,093,457 VSR Voltaic Strategic 0.072 -1% $26,970,415 AAJ Aruma Resources Ltd 0.07 -1% $11,144,267 LPM Lithium Plus 0.305 -2% $15,775,342 PAM Pan Asia Metals 0.27 -2% $42,698,234 LIS Lisenergylimited 0.27 -2% $45,626,401 LKE Lake Resources 0.525 -2% $761,007,918 DTM Dart Mining NL 0.05 -2% $8,786,649 NMT Neometals Ltd 0.495 -2% $279,134,294 MTM MTM Critical Metals 0.1225 -2% $11,044,695 LEL Lithenergy 0.935 -2% $90,734,550 AGY Argosy Minerals Ltd 0.46 -2% $660,071,524 BMM Balkanminingandmin 0.225 -2% $10,987,563 CRR Critical Resources 0.042 -2% $68,574,459 EG1 Evergreenlithium 0.38 -3% $21,929,700 LIT Lithium Australia 0.036 -3% $45,184,092 MLS Metals Australia 0.036 -3% $23,089,339 LRV Larvottoresources 0.18 -3% $12,442,124 PL3 Patagonia Lithium 0.18 -3% $9,065,648 KOB Kobaresourceslimited 0.18 -3% $19,502,083 BNR Bulletin Res Ltd 0.065 -3% $19,670,604 TUL Tulla Resources 0.325 -3% $107,804,341 CXO Core Lithium 1.0175 -3% $1,951,442,634 GSM Golden State Mining 0.031 -3% $3,744,455 MNS Magnis Energy Tech 0.155 -3% $174,517,902 PNN Power Minerals Ltd 0.455 -3% $33,997,113 PGD Peregrine Gold 0.28 -3% $16,269,757 EMS Eastern Metals 0.048 -4% $1,953,221 GLN Galan Lithium Ltd 0.95 -4% $303,846,251 INF Infinity Lithium 0.11 -4% $53,198,091 WR1 Winsome Resources 1.685 -5% $286,299,798 CY5 Cygnus Metals Ltd 0.205 -5% $46,040,253 VUL Vulcan Energy 3.7 -5% $641,209,321 QXR Qx Resources Limited 0.037 -5% $34,977,631 DLI Delta Lithium 0.64 -5% $305,991,556 1MC Morella Corporation 0.0085 -6% $54,887,224 AS2 Askarimetalslimited 0.255 -6% $18,193,505 TON Triton Min Ltd 0.032 -6% $53,086,091 VKA Viking Mines Ltd 0.008 -6% $8,714,697 RGL Riversgold 0.016 -6% $16,072,951 ALY Alchemy Resource Ltd 0.016 -6% $20,027,296 MRR Minrex Resources Ltd 0.014 -7% $16,273,013 EPM Eclipse Metals 0.013 -7% $28,392,837 LM1 Leeuwin Metals Ltd 0.325 -7% $14,799,750 AZI Altamin Limited 0.069 -8% $29,378,756 CHR Charger Metals 0.51 -8% $24,261,474 SGQ St George Min Ltd 0.041 -9% $37,822,975 EFE Eastern Resources 0.01 -9% $13,661,411 LRD Lordresourceslimited 0.105 -11% $4,363,024 LRD Lordresourceslimited 0.105 -11% $4,363,024 YAR Yari Minerals Ltd 0.016 -11% $8,682,441 SYA Sayona Mining Ltd 0.185 -12% $1,910,738,158 KGD Kula Gold Limited 0.017 -15% $7,464,238
There were 33 lithium players in the green today, 61 had no change in price, while 51 fell in price.
PAM has added to its list of lithium discoveries, finding new pegmatite zones at the Bang I Tum lithium prospect, within its Reung Kiet Lithium project in southern Thailand.
The first assay was received from a recent drilling campaign and is consistent with the company’s exploration target of 8-14mt @ 0.5%-0.8% Li2O at the project.
Drilling is ongoing at the prospect, with two holes underway and another 11 pending assays at the lab.
“Initial assays and visual observations at the Bang I Tum lithium prospect are very pleasing, supporting the exploration target and indicating new extensions to the mineralised zones. Robust lithium assays have been reported in hole BTDD007,” PAM MD Paul Lock said.
“Visual observations in most other holes support and improve our initial expectations for the program.
“The next batch of assay results is due in June, and we are already drilling holes BTDD022 and 023, meaning we can expect an inaugural mineral resource estimate for Bang I Tum to be reported later this year.
“Successfully incorporating Bang I Tum into the inventory will boost the scale of our project, making it more attractive as a strategic mineral resource in South East Asia.”
GL1 sent an ore sample from its Manna lithium project to Steinert’s ore sorting test facility in Perth, and boy, are they glad they did — first-stage ore sorting returned a huge 90% increase in lithium head grade from 0.88% Li2O to 1.67% Li2O.
GL1 says the ore sorting trial work will help improve the available tonnes of lithium pegmatite ore that can be economically mined at Manna, as it allows larger areas to be mined.
Ore sorting solutions can also help reduce the plant size in the downstream stages of processing and beneficiation to reduce overall costs.
There’s also the potential for direct shipping ore (DSO) concentrates to be created at low cost in small, remote mining installations, improving transport costs and reaping higher prices per tonne at market.
GL1 project director Tony Chamberlain said the initial ore sorting results have shown the technology is a perfect fit for Manna and more samples have been collected for further large-scale trials.
“The Manna lithium project has the distinct advantage of having great visual control between ore, which is predominantly white in colour, and surrounding waste rock which appears dark grey to black,” Chamberlain said.
“Additional bulk diamond core has been obtained from Manna and further samples are being prepared for larger scale trials.
“Ore sorting technology will ultimately provide greater operational flexibility within the mining operation and increase head grade to the mill.
“We look forward to updating the market with further results from these trials as activities continue towards completion of the Manna DFS by December 2023.”
PR1 is making its move into Quebec by kicking off the next phase of exploration at its Laforge lithium project.
The explorer will be getting boots on the ground with APEX Geoscience to complete mapping and sampling during the summer months with the aim of delineating targets for follow-up drill testing.
A heap of outcropping pegmatites have already been mapped and will provide a primary focus for current exploration wortk.
The project area is 261km2 and located is 65km northeast of Patriot’s CV5 lithium discovery and Corvette’s lithium trend to the southwest, and exhibits similarities with both projects.
“We’re very excited to commence exploration properly on the Laforge lithium project that follows on from an opportunistic fieldwork campaign completed late last year,” PR1 executive chairman Patric Glovac said.
“The previous field work was completed on less than 5% of Pure’s 261km2 landholding and the company is looking forward to building on the previous work with the goal of generating targets for follow-up drill testing.
“We maintain the belief that the Laforge Lithium project represents a genuine opportunity to discover a significant lithium deposit in a Tier-1 jurisdiction.
“Our technical team have recently visited the Project and are working closely with APEX Geoscience to unlock the Project’s full potential and we look forward to keeping the market updated on results as they come to light.”
LPM has uncovered a 43m thick pegmatite interval downhole from 443m-486m at the Lei prospect within its Bynoe lithium project in the NT.
The first of three holes drilled as part of its Phase 3 drilling program at Lei provides a strong indication of the extension of the pegmatite system at depth and beneath its 2022 intersection which showed 21.2m @ 1.74% Li2O from 398.8m.
“We are delighted with the first hole of Phase 3 drilling at the Lei prospect, which intersected a wide pegmatite interval, suggesting an extension to the 2022 spodumene-bearing pegmatite hit,” LPM chairman Bin Guo said.
“This rapid success at the start of our 2023 program gives us confidence that we may be on the cusp of a highly significant lithium discovery at the Bynoe Project.”
Drilling is ongoing and the company is eagerly awaiting assay results and remains confident for the potential to delineate a maiden resource by Q4 this year.
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