• The Federal Government is looking to build a national strategy for EVs 
  • Measures like fuel efficiency standards will be included, something at least 80% of the global car market already have
  • AM7 receives positive mineralogical and processing results from the Bitterwasser Lithium-in-Brines and Lithium-in-Clays Project

All your ASX lithium news for Friday, August 19.

 

Politicians, industry representatives and community leaders are meeting at the inaugural electric vehicle summit in Canberra today to discuss how to accelerate Australia’s shift to cleaner transport and uptake of electric vehicles.

Speakers at the summit, co-founded by tech billionaire Mike Cannon-Brookes, include Climate Change Minister Chris Bowen, federal independent cross-benchers, state and territory leaders, motoring industry figures and union representatives.

The government is attempting to build a national strategy for EVs with measures like fuel efficiency standards, which would set an emissions target for auto manufacturers averaged across all the cars they sell.

 

Excerpts of Bowen’s speech released to media before the event said the strategy would aim to improve affordability and choice by expanding the local EV market.

Only 2% of new cars sold in Australia last year were low-emissions vehicles, compared with 9% globally.

In an interview with the ABC, the Australian head of Volkswagen, Michael Bartsch, said despite Australians wanting electric VWs, the company’s head office in Germany would not agree to send any here.

“We still allow manufacturers to dump and sell in Australia dirty, old technology,” Bartsh said.

“And while they can do that, you have a disincentive commercially to actually bringing in electric vehicles, because the profit that is being made for internal combustion engine vehicles is simply too high.”

Greenpeace says without strong emissions standards in place, the new vehicles introduced to the Australian market are not required to meet international standards – meaning manufacturers can offload lower quality, more polluting stock that other markets will not accept, costing Australians financially, impacting our health and driving up our emissions.

At least 80% of the global car market already have vehicle emissions standards, leaving Australia at the back of the pack alongside Russia, Indonesia and Turkey.

According to reports, the Labour government will release a discussion paper on its proposed National Electric Vehicle strategy next month.

 

Here’s how ASX lithium stocks were tracking today:

CODE COMPANY LAST % RETURN MONTH % RETURN WEEK % TODAY MARKET CAP
MTM Mtmongerresources 0.185 68% 54% 48% $4,688,754
M2R Miramar 0.135 48% 36% 23% $7,060,533
OCN Oceanalithiumlimited 0.63 50% 15% 14% $18,606,375
VKA Viking Mines Ltd 0.009 29% 13% 13% $8,202,067
RAS Ragusa Minerals Ltd 0.2 163% 21% 11% $22,632,508
AML Aeon Metals Ltd. 0.033 18% 3% 10% $32,802,923
EPM Eclipse Metals 0.022 10% -8% 10% $38,422,528
NWM Norwest Minerals 0.05 61% 19% 9% $8,307,940
AM7 Arcadia Minerals 0.195 30% 26% 8% $8,405,621
MRR Minrex Resources Ltd 0.056 75% -16% 8% $55,762,965
IR1 Irismetals 0.77 214% 35% 8% $42,807,050
RAG Ragnar Metals Ltd 0.046 28% -4% 7% $16,304,950
QPM Queensland Pacific 0.155 19% 0% 7% $226,723,904
MM1 Midasmineralsltd 0.2775 54% -1% 7% $14,854,259
DRE Dreadnought Resources Ltd 0.1 117% 20% 6% $285,857,154
VMC Venus Metals Cor Ltd 0.175 9% 0% 6% $26,412,983
SYA Sayona Mining Ltd 0.265 83% -7% 6% $2,074,695,798
AAJ Aruma Resources Ltd 0.073 16% -9% 6% $10,830,344
ZEO Zeotech Limited 0.064 39% 5% 5% $93,019,844
NMT Neometals Ltd 1.39 44% -2% 5% $734,620,856
LRS Latin Resources Ltd 0.12 74% 4% 4% $224,095,354
PAM Pan Asia Metals 0.485 28% 8% 4% $34,372,913
LRV Larvottoresources 0.245 26% -9% 4% $9,760,138
LIS Lisenergylimited 0.65 -6% -11% 4% $103,696,367
LIT Lithium Australia 0.08 14% -7% 4% $79,726,518
1MC Morella Corporation 0.027 59% -4% 4% $147,581,564
TUL Tulla Resources 0.54 -1% 4% 4% $83,312,773
MXR Maximus Resources 0.057 27% -11% 4% $17,539,817
LPD Lepidico Ltd 0.03 7% -3% 3% $188,708,546
KAI Kairos Minerals Ltd 0.03 36% -3% 3% $56,958,711
QXR Qx Resources Limited 0.032 19% -20% 3% $26,640,232
PGD Peregrine Gold 0.86 93% 5% 3% $32,116,162
RGL Riversgold 0.037 32% -18% 3% $27,760,892
AOU Auroch Minerals Ltd 0.075 27% 6% 3% $26,988,231
TYX Tyranna Res Ltd 0.04 82% 3% 3% $91,157,066
NVA Nova Minerals Ltd 0.84 18% 3% 2% $147,765,874
IGO IGO Limited 12.355 28% 3% 2% $9,140,222,503
SRI Sipa Resources Ltd 0.045 18% 2% 2% $9,021,091
AZL Arizona Lithium Ltd 0.091 12% -17% 2% $214,216,375
WR1 Winsome Resources 0.245 40% -13% 2% $32,427,359
ARN Aldoro Resources 0.27 93% -4% 2% $26,390,639
ASN Anson Resources Ltd 0.1475 28% -2% 2% $149,047,289
DAF Discovery Alaska Ltd 0.07 56% 46% 1% $15,472,194
AGY Argosy Minerals Ltd 0.385 15% -13% 1% $518,726,298
MQR Marquee Resource Ltd 0.079 22% -8% 1% $24,618,171
MMG Monger Gold Ltd 0.4 105% 29% 1% $15,815,800
LKE Lake Resources 1.205 93% -24% 1% $1,653,913,415
EUR European Lithium Ltd 0.085 18% -8% 1% $117,620,091
JRL Jindalee Resources 2.73 10% -7% 1% $154,923,208
AKE Allkem Limited 12.28 21% -1% 1% $7,753,922,326
CAI Calidus Resources 0.64 1% -16% 1% $259,036,158
RIO Rio Tinto Limited 97.84 3% 3% 1% $36,045,094,379
CXO Core Lithium 1.405 48% -7% 1% $2,418,098,720
PLL Piedmont Lithium Inc 0.915 81% 20% 1% $480,089,428
MIN Mineral Resources. 60.16 33% 1% 0% $11,345,117,564
VUL Vulcan Energy 8.05 36% -17% 0% $1,150,982,467
WES Wesfarmers Limited 48.67 5% 1% 0% $55,059,282,152
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% $2,752,409,203
ESS Essential Metals Ltd 0.465 26% -15% 0% $114,772,728
LPI Lithium Pwr Int Ltd 0.6 46% -11% 0% $209,486,909
PSC Prospect Res Ltd 0.105 114% -13% 0% $48,537,244
RLC Reedy Lagoon Corp. 0.015 -21% -17% 0% $8,361,404
TKL Traka Resources 0.007 40% 0% 0% $4,821,422
TON Triton Min Ltd 0.028 75% 0% 0% $35,245,957
CHR Charger Metals 0.535 15% -1% 0% $17,430,854
AS2 Askarimetalslimited 0.345 53% -20% 0% $15,548,898
BYH Bryah Resources Ltd 0.028 -7% 0% 0% $7,819,097
DTM Dart Mining NL 0.076 23% -5% 0% $10,279,772
EMS Eastern Metals 0.15 15% -9% 0% $5,798,438
FG1 Flynngold 0.098 -7% 11% 0% $6,277,983
FRS Forrestaniaresources 0.15 0% -12% 0% $5,004,196
IMI Infinitymining 0.16 19% 14% 0% $9,200,000
MMC Mitremining 0.115 -8% 0% 0% $3,114,787
TMB Tambourahmetals 0.165 14% -8% 0% $6,796,779
TEM Tempest Minerals 0.041 -13% -9% 0% $20,695,413
WCN White Cliff Min Ltd 0.0125 -4% -11% 0% $8,170,042
WML Woomera Mining Ltd 0.016 7% -16% 0% $10,989,329
KGD Kula Gold Limited 0.025 -13% -7% 0% $5,379,391
KZR Kalamazoo Resources 0.24 12% -13% 0% $34,846,650
SCN Scorpion Minerals 0.079 20% 18% 0% $26,214,664
AZI Altamin Limited 0.083 -13% -8% 0% $32,512,490
ENT Enterprise Metals 0.01 0% -9% 0% $6,529,807
STM Sunstone Metals Ltd 0.046 0% 0% 0% $119,436,535
AVW Avira Resources Ltd 0.005 67% 67% 0% $10,593,950
RMX Red Mount Min Ltd 0.007 17% 0% 0% $11,496,547
RDT Red Dirt Metals Ltd 0.49 51% 7% 0% $149,231,669
EFE Eastern Resources 0.031 24% -16% 0% $30,947,273
SRZ Stellar Resources 0.017 3% 6% 0% $14,268,145
LSR Lodestar Minerals 0.007 0% -22% 0% $12,169,061
IPT Impact Minerals 0.009 13% 13% 0% $22,332,335
G88 Golden Mile Res Ltd 0.032 7% 0% 0% $6,519,444
WC8 Wildcat Resources 0.029 16% 4% 0% $18,712,909
MNS Magnis Energy Tech 0.425 42% 16% 0% $412,390,880
THR Thor Mining PLC 0.009 -10% 0% 0% $9,680,080
CZL Cons Zinc Ltd 0.023 15% -15% 0% $8,909,230
XTC Xantippe Res Ltd 0.01 25% -9% 0% $81,257,347
WMC Wiluna Mining Corp 0.205 8% 0% 0% $74,238,031
AUN Aurumin 0.14 -3% -10% 0% $15,679,379
ALY Alchemy Resource Ltd 0.019 19% 12% 0% $18,108,407
GW1 Greenwing Resources 0.265 10% -7% 0% $32,660,547
KTA Krakatoa Resources 0.063 24% 9% 0% $21,716,725
FTL Firetail Resources 0.255 21% 0% 0% $15,754,538
DAL Dalaroometalsltd 0.099 -1% 0% 0% $2,957,625
TKM Trek Metals Ltd 0.071 20% -4% 0% $22,053,321
CY5 Cygnus Gold Limited 0.23 53% 10% 0% $33,852,622
INR Ioneer Ltd 0.6825 48% -3% 0% $1,437,221,842
LTR Liontown Resources 1.695 65% -6% -1% $3,742,993,143
PLS Pilbara Min Ltd 3.04 25% -2% -1% $9,109,156,055
GLN Galan Lithium Ltd 1.27 28% -8% -1% $389,795,892
GT1 Greentechnology 0.705 21% -6% -1% $131,752,795
GL1 Globallith 1.84 74% -2% -2% $296,765,739
ZNC Zenith Minerals Ltd 0.3 13% 2% -2% $105,152,495
MLS Metals Australia 0.059 23% -20% -2% $34,082,171
CRR Critical Resources 0.053 43% -9% -2% $80,352,823
AX8 Accelerate Resources 0.038 31% 6% -3% $10,547,897
EVR Ev Resources Ltd 0.032 14% -3% -3% $30,557,474
LNR Lanthanein Resources 0.032 113% 7% -3% $31,773,244
INF Infinity Lithium 0.145 32% -6% -3% $62,251,960
BNR Bulletin Res Ltd 0.145 38% -15% -3% $43,888,665
EMH European Metals Hldg 0.815 14% -4% -4% $101,148,305
GSM Golden State Mining 0.054 29% 4% -4% $6,552,795
PNN Power Minerals Ltd 0.51 24% -9% -4% $32,615,543
LLL Leolithiumlimited 0.52 21% 2% -5% $537,728,017
LEL Lithenergy 1 49% -13% -5% $47,407,500
A8G Australasian Metals 0.28 37% 0% -5% $12,145,296
SHH Shree Minerals Ltd 0.0085 -6% -15% -6% $11,146,382
ADV Ardiden Ltd 0.008 23% -11% -6% $22,680,851
AOA Ausmon Resorces 0.0065 30% 30% -7% $6,001,025
BMM Balkanminingandmin 0.19 0% -5% -7% $6,713,750
LRD Lordresourceslimited 0.1975 1% -16% -8% $6,833,694
TSC Twenty Seven Co. Ltd 0.003 20% 0% -14% $9,312,849
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A surprisingly good end to a somewhat dreadful week for ASX lithium companies – 54 gained some today, 52 fell flat and only 25 ended in red territory.

 

Who’s got news out?

ARCADIA MINEARLS (ASX:AM7)

This diversified exploration company is targeting tantalum, lithium, nickel, copper and gold across its four projects in Namibia.

Positive mineralogical and processing results have been returned from the Bitterwasser Lithium-in-Brines and Lithium-in-Clays Project where +85% of contained lithium reports to <10μ particle sizes.

Other highlights include 78% of Bitterwasser ore reports at particle sizes of <10μ, indicating a grade increase of 28% in feedstock and overall lithium recoveries of 89.6%.

Arcadia CEO Philip le Reoux said the company is encouraged by these unprecedented particle size distribution results confirming that undemanding cyclones could offer a viable option to increase Bitterwasser clay grades before leaching takes place.

“An additional boost to our confidence in the project’s potential economic possibilities comes from the University of Stellenbosch’s leach results, which confirmed that industry standard recoveries can be achieved by using potentially lowcost and environmentally friendly organic acids,” le Roux explains.

“This forecasts well for our ambitions to establish Bitterwasser as a potential environmentally friendly source of lithium and the globe’s next economic lithium-bearing mineral province.

“We are looking forward to improved results on leaching results with optimisation measures with the second phase of test work on post-cyclone feedstock.”

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