• Patriot drills 52.2m of 3.34% Li2O at the CV5 pegmatite discovery
  • Anson expands its lithium footprint, pegging a new project in Utah’s Paradox Basin
  • Red Mountain secures the grant of a highly prospective exploration licence at its Charlotte Lithium Project.

All your lithium news, Monday January 30.

 

Patriot Battery Metals (ASX:PMT) has once again exceeded expectations, returning a beautiful hit of 52.2m at 3.34% Li20, including 15m at 5.10% Li20 at the CV5 pegmatite discovery in Quebec.

The strongly mineralised drill intersection further delineates the high-grade zone previously identified in drill holes CV22-017, 042, 066, and 083 with PMT president and CEO Blair Way stating the company could not be more thrilled.

“We have exceeded all of our program objectives, expanding the known mineralised system from a few hundred metres along-strike in 2021, to at least 2.2 km in 2022, remaining open and demonstrating high-grades at both ends,” he says.

The company has kicked off a 2023 drill campaign and will continue to aggressively delineate what it believes will be a top tier lithium asset globally when fully defined.

Shares jumped 18.84% on the news.

 

Here’s how ASX lithium stocks are tracking:

CODE COMPANY PRICE % TODAY MARKET CAP
VKA Viking Mines Ltd 0.01 25% $8,202,067
ARN Aldoro Resources 0.245 17% $23,711,587
CRR Critical Resources 0.059 16% $81,106,964
TKM Trek Metals Ltd 0.083 14% $26,386,019
LLI Loyal Lithium Ltd 0.55 12% $25,720,100
WR1 Winsome Resources 2.4 12% $301,080,925
ENT Enterprise Metals 0.01 11% $6,345,726
1MC Morella Corporation 0.0155 11% $85,380,126
EMH European Metals Hldg 0.735 10% $84,310,464
CY5 Cygnus Gold Limited 0.515 8% $87,340,251
BYH Bryah Resources Ltd 0.026 8% $6,750,083
DAL Dalaroometalsltd 0.092 8% $2,539,375
CXO Core Lithium 1.2225 8% $2,088,654,809
AZI Altamin Limited 0.08 8% $28,987,040
INF Infinity Lithium 0.135 8% $57,824,012
LKE Lake Resources 0.8875 8% $1,148,953,200
CHR Charger Metals 0.36 7% $14,644,313
LLL Leolithiumlimited 0.67 7% $616,660,570
AML Aeon Metals Ltd. 0.03 7% $30,699,217
SYA Sayona Mining Ltd 0.2975 6% $2,432,285,825
CZL Cons Zinc Ltd 0.02 5% $9,164,798
LRD Lordresourceslimited 0.2 5% $6,325,503
MXR Maximus Resources 0.041 5% $12,443,175
IPT Impact Minerals 0.0105 5% $24,813,706
AOU Auroch Minerals Ltd 0.063 5% $25,670,708
PAT Patriot Lithium 0.33 5% $18,258,188
INR Ioneer Ltd 0.465 4% $933,760,529
JRL Jindalee Resources 2.09 4% $115,331,722
AUN Aurumin 0.065 3% $11,199,062
EVR Ev Resources Ltd 0.0165 3% $14,863,745
TON Triton Min Ltd 0.037 3% $49,780,230
ZEO Zeotech Limited 0.04 3% $63,987,521
RAS Ragusa Minerals Ltd 0.1025 3% $14,259,879
LTR Liontown Resources 1.66 2% $3,558,225,267
LLO Lion One Metals Ltd 1.045 2% $11,798,655
PLS Pilbara Min Ltd 5.015 2% $14,690,050,501
QPM Queensland Pacific 0.1125 2% $192,098,271
NVA Nova Minerals Ltd 0.73 2% $150,188,704
BMM Balkanminingandmin 0.3675 2% $16,117,925
GT1 Greentechnology 0.985 2% $184,062,549
QXR Qx Resources Limited 0.05 2% $43,946,254
BNR Bulletin Res Ltd 0.1 2% $28,771,928
ESS Essential Metals Ltd 0.52 2% $136,204,014
AZL Arizona Lithium Ltd 0.072 1% $173,417,829
AKE Allkem Limited 14.04 1% $8,844,317,653
PGD Peregrine Gold 0.54 1% $20,732,261
MIN Mineral Resources. 92.79 1% $17,490,152,448
ADV Ardiden Ltd 0.008 0% $21,506,683
AVZ AVZ Minerals Ltd 0.78 0% $2,752,409,203
EUR European Lithium Ltd 0.084 0% $121,736,091
GLN Galan Lithium Ltd 1.23 0% $375,771,648
LIT Lithium Australia 0.047 0% $57,396,009
LPD Lepidico Ltd 0.015 0% $114,566,576
LPI Lithium Pwr Int Ltd 0.47 0% $295,675,853
PLL Piedmont Lithium Inc 0.935 0% $395,935,100
PSC Prospect Res Ltd 0.115 0% $53,159,838
RLC Reedy Lagoon Corp. 0.01 0% $5,667,196
TKL Traka Resources 0.008 0% $5,782,196
DTM Dart Mining NL 0.055 0% $8,559,131
EMS Eastern Metals 0.085 0% $3,320,475
FG1 Flynngold 0.1 0% $7,832,354
FRS Forrestaniaresources 0.17 0% $10,351,522
IMI Infinitymining 0.255 0% $19,501,971
MMC Mitremining 0.285 0% $7,719,254
RAG Ragnar Metals Ltd 0.015 0% $5,687,773
CTN Catalina Resources 0.009 0% $11,146,382
TMB Tambourahmetals 0.12 0% $4,943,112
WCN White Cliff Min Ltd 0.013 0% $9,792,707
STM Sunstone Metals Ltd 0.038 0% $99,576,964
AVW Avira Resources Ltd 0.003 0% $6,401,370
RMX Red Mount Min Ltd 0.005 0% $9,941,744
MRR Minrex Resources Ltd 0.039 0% $42,309,833
A8G Australasian Metals 0.19 0% $7,822,394
SRZ Stellar Resources 0.015 0% $15,069,464
LSR Lodestar Minerals 0.005 0% $8,692,187
AOA Ausmon Resorces 0.006 0% $5,143,736
SRI Sipa Resources Ltd 0.034 0% $7,757,377
RGL Riversgold 0.03 0% $28,364,031
ZNC Zenith Minerals Ltd 0.245 0% $86,167,981
G88 Golden Mile Res Ltd 0.025 0% $5,114,744
EPM Eclipse Metals 0.022 0% $44,617,315
WC8 Wildcat Resources 0.03 0% $19,860,682
DRE Dreadnought Resources Ltd 0.11 0% $339,870,104
M2R Miramar 0.08 0% $5,654,539
WMC Wiluna Mining Corp 0.205 0% $74,238,031
ALY Alchemy Resource Ltd 0.017 0% $20,027,296
LIS Lisenergylimited 0.375 0% $62,217,820
KTA Krakatoa Resources 0.042 0% $14,477,817
DAF Discovery Alaska Ltd 0.027 0% $6,054,337
IR1 Irismetals 1.16 0% $72,766,800
LNR Lanthanein Resources 0.021 0% $20,613,087
TUL Tulla Resources 0.375 0% $79,818,169
CMD Cassius Mining Ltd 0.027 0% $11,029,308
VSR Voltaic Strategic 0.025 0% $7,660,766
SGQ St George Min Ltd 0.076 0% $63,436,450
AGY Argosy Minerals Ltd 0.6675 0% $940,953,024
WES Wesfarmers Limited 49.395 0% $56,268,704,327
RDT Red Dirt Metals Ltd 0.5075 0% $226,265,320
IGO IGO Limited 15.71 -1% $11,972,404,124
PNN Power Minerals Ltd 0.525 -1% $38,289,756
RIO Rio Tinto Limited 125.58 -1% $47,133,322,692
PAM Pan Asia Metals 0.37 -1% $55,070,846
VUL Vulcan Energy 7.255 -1% $1,055,683,815
GL1 Globallith 2.36 -2% $511,615,814
LEL Lithenergy 0.825 -2% $50,526,000
LRS Latin Resources Ltd 0.1175 -2% $264,198,590
NMT Neometals Ltd 0.855 -2% $483,648,529
GSM Golden State Mining 0.042 -2% $5,031,611
ASN Anson Resources Ltd 0.2775 -3% $335,802,653
EFE Eastern Resources 0.0175 -3% $21,155,870
A11 Atlantic Lithium 0.68 -3% $424,019,162
NWM Norwest Minerals 0.065 -3% $14,881,195
KGD Kula Gold Limited 0.029 -3% $10,836,358
SCN Scorpion Minerals 0.085 -3% $30,422,145
AX8 Accelerate Resources 0.028 -3% $10,950,451
CAI Calidus Resources 0.28 -3% $127,375,299
AAJ Aruma Resources Ltd 0.083 -3% $13,498,689
MTM Mtmongerresources 0.083 -3% $4,904,083
TEM Tempest Minerals 0.026 -4% $13,628,687
TYX Tyranna Res Ltd 0.025 -4% $62,541,058
KAI Kairos Minerals Ltd 0.023 -4% $47,138,244
KZR Kalamazoo Resources 0.215 -4% $33,484,359
EMC Everest Metals Corp 0.095 -5% $10,643,311
WML Woomera Mining Ltd 0.019 -5% $19,123,224
FTL Firetail Resources 0.1425 -5% $9,750,000
OCN Oceanalithiumlimited 0.38 -5% $14,565,600
MQR Marquee Resource Ltd 0.037 -5% $12,761,093
MLS Metals Australia 0.054 -5% $34,601,063
LRV Larvottoresources 0.18 -5% $12,778,397
AM7 Arcadia Minerals 0.225 -6% $11,207,494
VMC Venus Metals Cor Ltd 0.145 -6% $27,602,196
MNS Magnis Energy Tech 0.42 -7% $436,649,167
GW1 Greenwing Resources 0.295 -8% $47,378,837
AS2 Askarimetalslimited 0.6 -8% $32,321,321
MM1 Midasmineralsltd 0.15 -9% $9,426,741
THR Thor Energy PLC 0.006 -14% $10,187,190
XTC Xantippe Res Ltd 0.005 -17% $61,752,208
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A total of 47 lithium companies finished in the green, 51 were flat and another 39 tumbled into the red.

 

Who’s got news out?

ANSON RESOURCES (ASX:ASN)

Anson has pegged the Green River lithium project in Utah as a “significant” addition to its US lithium-brine asset portfolio.

The project consists of 1,251 placer claims over an area of 10,620 hectares (106.2 km2 ) and is just 50km from Anson’s flagship Paradox Lithium project.

Surveys are currently underway ahead of a planned resource drilling program in the near future, on receipt of requisite approvals, to further increase Anson’s global JORC resource.

 

RED MOUNTAIN (ASX:RMX)

Red Mountain has secured a new tenement in the Northern Territory, increasing the size of the company’s recently acquired Charlotte lithium project.

Plans are in place to begin an initial exploration campaign encompassing geological mapping, rock chip and soil sampling to assess the prospectivity of the tenure.

 

WOOMERA MINING (ASX:WML)

Following an initial site visit to Mt Cattlin by the Woomera exploration team in late 2022, WML has fast-tracked plans for a geochemical auger drilling program to start on February 1.

Woomera believes the lithium-caesium-tantalum (LCT) system at Mt Cattlin may be more extensive than has been identified on Allkem’s (ASX:AKE) surrounding licences.

The hypothesis held by Woomera is that the pegmatites may extend into its landholding based on the potential for multiple causative granite intrusions and relative timing of the LCT pegmatite intrusions into known breaks/faults throughout the greenstone belt.

The auger drilling program will allow sub-soil testing and aid in determining the extent of non-outcropping host rocks in the area.

 

BULLETIN RESOURCES (ASX:BNR)

Bulletin has expanded its Mt Farmer project tenement holding, almost doubling the area from 59km2 to over 100km2.

The project surrounds Aldoro’s (ASX:ARN) 2km2 P59/2137, which hosts the Niobe rubidium-lithium project.

Bulletin’s tenement applications have over 5km strike of the potential greenstone host to the Rubidium bearing pegmatite unit.

The applications also cover potential northeast extensions to the Dalgaranga gold mine.

The applications are progressing through the DMIRS tenement grant process and on-ground works will begin upon grant of the exploration licences.

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