• Green Technology Metals hits thick high-grade spodumene at Root Lithium Project
  • Pathfinder enters into binding agreements to acquire a portfolio of  battery metal assets 
  • Lithium Power enters agreements to consolidate 100% ownership of the Maricunga Lithium Brine project in Chile

All your lithium news, Friday October 28. 

 

Although demand for EVs is expected to grow significantly through to 2032, Fastmarkets says BRM supply will be able to support that demand.

“It is going to be tight and supply-demand balances will go slightly negative in the second half of decade but overall, the combination of investment, expanded production, new projects, evolving technology, and an emerging recycling market is forecast to support EVs and other battery demand through 2032,” the agency says.

Pic: Fastmarkets

 

But while global supply is expected to meet global demand, that equilibrium masks structural challenges in Europe and the US.

“Regionally sourced supply is not expected to meet regional demand, even with planned projects and government policies like the recent American Battery Materials Initiative,” Fastmakets says.

“In 2032, Europe will represent 25% of lithium demand, but will contribute only 4% of global lithium supply – likewise, the US will represent 8% of demand, but only 6% of global lithium supply.”

 

Here’s how ASX lithium companies are tracking:

CODE COMPANY PRICE % TODAY MARKET CAP
WR1 Winsome Resources 0.45 23% $49,316,608
DTM Dart Mining NL 0.071 11% $9,936,650
LRS Latin Resources Ltd 0.115 10% $208,943,260
FG1 Flynngold 0.12 9% $7,046,716
XTC Xantippe Res Ltd 0.0075 7% $57,016,609
GSM Golden State Mining 0.036 6% $3,978,483
A11 Atlantic Lithium 0.64 6% $366,473,704
ARN Aldoro Resources 0.295 5% $30,964,449
FRS Forrestaniaresources 0.2 5% $9,579,766
PGD Peregrine Gold 0.43 5% $15,875,838
PAM Pan Asia Metals 0.405 4% $57,273,680
KAI Kairos Minerals Ltd 0.03 3% $56,958,711
STM Sunstone Metals Ltd 0.032 3% $80,489,839
INR Ioneer Ltd 0.55 3% $1,122,501,731
FTL Firetail Resources 0.21 2% $12,665,413
AZI Altamin Limited 0.086 2% $32,904,207
MRR Minrex Resources Ltd 0.043 2% $45,495,070
MMG Monger Gold Ltd 0.44 2% $17,217,200
OCN Oceanalithiumlimited 0.475 2% $15,589,125
CY5 Cygnus Gold Limited 0.5 2% $75,178,404
RDT Red Dirt Metals Ltd 0.54 2% $176,346,453
AM7 Arcadia Minerals 0.315 2% $14,476,347
TYX Tyranna Res Ltd 0.0475 1% $113,007,990
JRL Jindalee Resources 2.35 1% $133,692,991
IR1 Irismetals 1.66 1% $103,504,500
ADV Ardiden Ltd 0.007 0% $18,678,347
1MC Morella Corporation 0.021 0% $121,832,672
AVZ AVZ Minerals Ltd 0.78 0% $2,752,409,203
EMH European Metals Hldg 0.76 0% $90,964,162
MLS Metals Australia 0.04 0% $24,281,448
RLC Reedy Lagoon Corp. 0.013 0% $7,246,550
TKL Traka Resources 0.006 0% $4,132,647
AAJ Aruma Resources Ltd 0.07 0% $10,987,305
MMC Mitremining 0.175 0% $4,739,893
RAG Ragnar Metals Ltd 0.022 0% $8,342,068
TSC Twenty Seven Co. Ltd 0.002 0% $10,643,256
WML Woomera Mining Ltd 0.0135 0% $10,570,323
KZR Kalamazoo Resources 0.195 0% $29,019,778
MTM Mtmongerresources 0.12 0% $4,501,204
SCN Scorpion Minerals 0.07 0% $23,359,433
ENT Enterprise Metals 0.01 0% $6,529,807
AVW Avira Resources Ltd 0.003 0% $6,401,370
CAI Calidus Resources 0.34 0% $148,845,780
SRZ Stellar Resources 0.012 0% $12,055,571
LSR Lodestar Minerals 0.005 0% $8,692,187
AOA Ausmon Resorces 0.006 0% $5,143,736
VKA Viking Mines Ltd 0.008 0% $8,202,067
RGL Riversgold 0.044 0% $34,157,246
ZNC Zenith Minerals Ltd 0.285 0% $98,257,250
G88 Golden Mile Res Ltd 0.026 0% $5,319,334
EPM Eclipse Metals 0.019 0% $38,460,880
WC8 Wildcat Resources 0.032 0% $20,856,727
MM1 Midasmineralsltd 0.18 0% $10,283,718
M2R Miramar 0.092 0% $6,502,720
AOU Auroch Minerals Ltd 0.058 0% $21,524,484
LRD Lordresourceslimited 0.33 0% $10,983,925
WMC Wiluna Mining Corp 0.205 0% $74,238,031
ZEO Zeotech Limited 0.038 0% $61,352,248
DAL Dalaroometalsltd 0.12 0% $3,585,000
CMD Cassius Mining Ltd 0.03 0% $12,112,227
EUR European Lithium Ltd 0.0905 -1% $131,425,765
GT1 Greentechnology 0.93 -1% $179,294,089
WES Wesfarmers Limited 43.98 -1% $50,501,244,379
MNS Magnis Energy Tech 0.38 -1% $373,577,621
TKM Trek Metals Ltd 0.069 -1% $21,742,711
NVA Nova Minerals Ltd 0.68 -1% $126,726,280
GW1 Greenwing Resources 0.33 -1% $42,278,830
QPM Queensland Pacific 0.1575 -2% $276,842,626
BMM Balkanminingandmin 0.295 -2% $12,903,227
AKE Allkem Limited 14.19 -2% $9,226,912,504
IMI Infinitymining 0.235 -2% $15,148,500
A8G Australasian Metals 0.235 -2% $9,880,919
PLL Piedmont Lithium Inc 0.93 -2% $501,192,260
CHR Charger Metals 0.455 -2% $20,276,806
CXO Core Lithium 1.35 -2% $2,531,638,567
RAS Ragusa Minerals Ltd 0.225 -2% $30,132,904
PSC Prospect Res Ltd 0.1025 -2% $48,537,244
MXR Maximus Resources 0.041 -2% $13,394,042
AUN Aurumin 0.081 -2% $10,400,492
TUL Tulla Resources 0.375 -3% $61,683,496
KGD Kula Gold Limited 0.036 -3% $12,439,841
DAF Discovery Alaska Ltd 0.032 -3% $7,399,745
ESS Essential Metals Ltd 0.46 -3% $119,592,474
AX8 Accelerate Resources 0.03 -3% $8,384,226
QXR Qx Resources Limited 0.06 -3% $54,675,464
CRR Critical Resources 0.058 -3% $89,411,259
VMC Venus Metals Cor Ltd 0.145 -3% $24,011,802
VUL Vulcan Energy 7.09 -3% $1,052,081,109
LEL Lithenergy 1.12 -3% $69,774,000
TEM Tempest Minerals 0.028 -3% $14,638,219
GLN Galan Lithium Ltd 1.525 -3% $481,220,412
GL1 Globallith 2.46 -4% $404,680,553
TMB Tambourahmetals 0.135 -4% $5,766,964
BNR Bulletin Res Ltd 0.135 -4% $40,962,754
LTR Liontown Resources 1.8675 -4% $4,261,084,579
EMS Eastern Metals 0.12 -4% $4,832,031
MQR Marquee Resource Ltd 0.0595 -4% $19,692,290
PNN Power Minerals Ltd 0.475 -4% $35,717,731
AZL Arizona Lithium Ltd 0.0815 -4% $204,843,673
TON Triton Min Ltd 0.023 -4% $33,186,820
BYH Bryah Resources Ltd 0.023 -4% $6,702,083
EFE Eastern Resources 0.0345 -4% $40,332,275
CZL Cons Zinc Ltd 0.023 -4% $11,110,115
AS2 Askarimetalslimited 0.43 -4% $20,465,605
INF Infinity Lithium 0.21 -5% $91,673,950
EVR Ev Resources Ltd 0.021 -5% $20,371,650
LLL Leolithiumlimited 0.625 -5% $646,260,277
PLS Pilbara Min Ltd 4.875 -5% $15,265,306,812
RIO Rio Tinto Limited 88.32 -5% $34,374,621,416
LIS Lisenergylimited 0.41 -5% $71,343,100
NMT Neometals Ltd 1.07 -5% $621,389,822
LKE Lake Resources 1 -5% $1,467,398,138
AGY Argosy Minerals Ltd 0.535 -5% $786,968,448
LRV Larvottoresources 0.175 -5% $9,232,518
IGO IGO Limited 15.405 -6% $12,351,038,030
LIT Lithium Australia 0.047 -6% $61,059,084
DRE Dreadnought Resources Ltd 0.1175 -6% $380,316,694
KTA Krakatoa Resources 0.061 -6% $22,406,145
ASN Anson Resources Ltd 0.3 -6% $375,930,849
THR Thor Mining PLC 0.0075 -6% $8,814,388
LNR Lanthanein Resources 0.029 -6% $29,847,593
MIN Mineral Resources. 71.48 -7% $14,533,375,374
SHH Shree Minerals Ltd 0.007 -7% $9,288,652
SYA Sayona Mining Ltd 0.2425 -7% $2,160,730,800
LPI Lithium Pwr Int Ltd 0.595 -7% $250,368,721
LPD Lepidico Ltd 0.0195 -7% $138,226,541
AML Aeon Metals Ltd. 0.025 -7% $29,522,631
SRI Sipa Resources Ltd 0.05 -7% $11,071,339
NWM Norwest Minerals 0.04 -9% $9,772,725
WCN White Cliff Min Ltd 0.019 -10% $15,699,671
RMX Red Mount Min Ltd 0.0045 -10% $8,211,819
ALY Alchemy Resource Ltd 0.033 -11% $43,403,821
IPT Impact Minerals 0.006 -14% $17,369,594
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25 companies finished in the green, 35 fell flat and 73 tumbled into the red zone.

 

Who’s got news out?

GREEN TECHNOLOGY METALS (ASX:GT1)

GT1 has secured an early win at its Root project in Ontario, Canada, with inaugural diamond drilling intersecting thick, continuous high-grade spodumene pegmatites from surface.

Notable results from the first nine holes in the Phase 1 diamond drilling program are 12.4m at 1.77% Li2O from a down-hole depth of 11.8m (RL-22-001), 15.3m at 1.2% Li2O from 42.2m (RL-22-002), and 11.5m at 2.03% Li2O from 72m (RL-22-003).

All 19 holes drilled to date on the McCombe lithium-caesium-tantalum pegmatite system within the project have intersected spodumene bearing pegmatites – a strong indicator that the company is very much on the right track in its goal to delineate a maiden resource.

 

PATHFINDER RESOURCES (ASX:PF1)

Pathfinder has entered into binding agreements to acquire a portfolio of critical mineral exploration assets.

PF1 says it will explore for critical battery and semi-conductor minerals across the Falcon Lake Lithium Project in Canada, Tidlili Copper Project in Morocco and Austrian Bleiberg Zinc-Lead-Germanium Project.

“Today’s announcement marks a significant change in direction for PF1 as a business,” Pathfinder non-executive director Robert Martin says.

“We are now truly focusing all our efforts and energy towards the revolutionary battery age and armed with a suite of highly prospective projects, we are positioning ourselves extremely well to contribute in a meaningful way towards the energy transition.”

Exploration efforts will initially focus on the Ontario-based Falcon Lake lithium project where it plans to play a meaningful part in the Ford government’s “Ontario’s Critical Minerals Strategy 2022–2027” which will secure Ontario’s position as a global leader of responsibly sourced critical minerals.

Ex Pilbara Minerals (ASX:PLS) project manager Gerard O’Donovan has also been appointed to chief executive officer with close to 15 years’ experience managing large-scale construction and mining development projects.

 

LITHIUM POWER INTERNATIONAL (ASX:LPI)

LPI has entered into definitive binding agreements to consolidate 100% ownership of the Maricunga Lithium Brine project in Chile via two all-scrip mergers with its joint venture partners, Minera Salar Blanco SpA (31.31% of Maricunga) and Bearing Lithium Corp (17.14% of Maricunga).

“LPI will benefit from enhanced scale and full control of Maricunga,” the company said.

“This will significantly increase LPI’s attributable production to 15.2ktpa of battery grade lithium carbonate from Maricunga based on the 2022 definitive feasibility study.”