• Tambourah Metals confirms multiple pegmatites at the RJ 101 Lithium Project
  • Balkan Mining increases ground at Gorge Lithium Project with five new claims
  • Leo Lithium Leo appointsLycopodium Minerals to progress Goulamina stage-1 works

All your lithium news, Monday November 14.

 

China’s Contemporary Amperex Technology Co (CATL) intends to provide stable supply of EV batteries to the electric vehicles of Daihatsu, one of the oldest car manufacturers in Japan.

 

With CATL’s batteries, Daihatsu says it will be able to ramp up production and performance of high quality and affordable EVs not only in Japan but also emerging markets.

 

Here’s how ASX lithium stocks are tracking:

CODE COMPANY PRICE % TODAY MARKET CAP
TMB Tambourahmetals 0.215 39% $6,384,853
AVW Avira Resources Ltd 0.0035 17% $6,401,370
NWM Norwest Minerals 0.057 16% $10,883,262
SHH Shree Minerals Ltd 0.009 13% $9,907,895
VKA Viking Mines Ltd 0.009 13% $8,202,067
ADV Ardiden Ltd 0.01 11% $24,015,018
THR Thor Mining PLC 0.01 11% $9,925,951
CXO Core Lithium 1.845 10% $3,065,103,927
AGY Argosy Minerals Ltd 0.7 10% $891,798,761
TYX Tyranna Res Ltd 0.036 9% $79,346,036
OCN Oceanalithiumlimited 0.625 9% $19,276,875
LLI Loyal Lithium Ltd 0.66 8% $28,511,400
CHR Charger Metals 0.65 7% $26,381,651
IR1 Irismetals 1.83 7% $106,954,650
AOU Auroch Minerals Ltd 0.054 7% $18,741,146
MRR Minrex Resources Ltd 0.049 7% $49,842,918
LTR Liontown Resources 2.19 6% $4,524,656,821
LKE Lake Resources 1.185 6% $1,557,806,554
EMH European Metals Hldg 0.825 6% $92,881,841
1MC Morella Corporation 0.019 6% $104,428,004
LPD Lepidico Ltd 0.019 6% $137,479,882
LNR Lanthanein Resources 0.038 6% $34,661,721
AM7 Arcadia Minerals 0.29 5% $12,841,920
M2R Miramar 0.099 5% $6,644,084
TKM Trek Metals Ltd 0.105 5% $36,372,008
PLL Piedmont Lithium Inc 0.9825 5% $495,916,552
MIN Mineral Resources. 85.47 5% $15,520,232,934
SYA Sayona Mining Ltd 0.255 4% $2,036,957,597
RIO Rio Tinto Limited 106.8 4% $38,097,920,043
KZR Kalamazoo Resources 0.26 4% $37,204,844
PAM Pan Asia Metals 0.395 4% $55,805,124
NVA Nova Minerals Ltd 0.82 4% $145,092,407
LEL Lithenergy 1.105 4% $64,059,750
CRR Critical Resources 0.059 4% $85,130,734
BMM Balkanminingandmin 0.3 3% $12,473,119
STM Sunstone Metals Ltd 0.031 3% $78,493,393
INR Ioneer Ltd 0.63 3% $1,279,986,343
KAI Kairos Minerals Ltd 0.033 3% $62,850,992
AUN Aurumin 0.085 3% $10,338,089
AKE Allkem Limited 16.655 3% $10,317,307,831
GT1 Greentechnology 1.08 3% $200,275,313
ARN Aldoro Resources 0.37 3% $39,811,434
LRV Larvottoresources 0.19 3% $9,232,518
TUL Tulla Resources 0.4 3% $78,231,167
LLL Leolithiumlimited 0.605 3% $582,127,578
PSC Prospect Res Ltd 0.1025 3% $46,225,946
CAI Calidus Resources 0.41 3% $175,112,682
MNS Magnis Energy Tech 0.41 3% $388,132,593
DRE Dreadnought Resources Ltd 0.1025 3% $307,371,155
IGO IGO Limited 16.98 2% $12,547,927,661
AZL Arizona Lithium Ltd 0.083 2% $195,203,970
EFE Eastern Resources 0.042 2% $45,933,980
NMT Neometals Ltd 1.085 2% $585,905,647
AS2 Askarimetalslimited 0.45 2% $21,709,214
VUL Vulcan Energy 7.93 2% $1,113,715,289
ASN Anson Resources Ltd 0.26 2% $299,852,971
LPI Lithium Pwr Int Ltd 0.595 2% $228,852,659
QPM Queensland Pacific 0.1725 1% $294,145,290
GW1 Greenwing Resources 0.385 1% $47,958,076
INF Infinity Lithium 0.2125 1% $88,226,537
ESS Essential Metals Ltd 0.475 1% $119,084,835
EUR European Lithium Ltd 0.097 1% $139,126,961
PLS Pilbara Min Ltd 5.4 1% $16,081,168,991
GLN Galan Lithium Ltd 1.65 0% $501,017,454
AVZ AVZ Minerals Ltd 0.78 0% $2,752,409,203
LIT Lithium Australia 0.05 0% $61,059,584
MLS Metals Australia 0.039 0% $23,674,411
RLC Reedy Lagoon Corp. 0.012 0% $6,689,123
TKL Traka Resources 0.006 0% $4,132,647
TON Triton Min Ltd 0.026 0% $35,952,389
AAJ Aruma Resources Ltd 0.077 0% $12,086,036
DTM Dart Mining NL 0.074 0% $11,489,252
EMS Eastern Metals 0.13 0% $5,078,374
MMC Mitremining 0.18 0% $4,875,318
RAG Ragnar Metals Ltd 0.02 0% $7,583,698
TEM Tempest Minerals 0.027 0% $13,628,687
TSC Twenty Seven Co. Ltd 0.002 0% $10,643,256
WCN White Cliff Min Ltd 0.018 0% $13,456,861
WML Woomera Mining Ltd 0.015 0% $11,744,804
PNN Power Minerals Ltd 0.55 0% $39,686,368
WR1 Winsome Resources 0.84 0% $113,495,755
MTM Mtmongerresources 0.1 0% $3,751,003
QXR Qx Resources Limited 0.061 0% $53,793,602
SCN Scorpion Minerals 0.07 0% $23,359,433
ENT Enterprise Metals 0.009 0% $5,876,826
BNR Bulletin Res Ltd 0.14 0% $40,962,754
RMX Red Mount Min Ltd 0.005 0% $8,211,819
A8G Australasian Metals 0.24 0% $9,880,919
SRZ Stellar Resources 0.012 0% $12,055,571
LSR Lodestar Minerals 0.0055 0% $9,561,405
AOA Ausmon Resorces 0.006 0% $5,143,736
IPT Impact Minerals 0.007 0% $17,369,594
ZNC Zenith Minerals Ltd 0.285 0% $98,257,250
RAS Ragusa Minerals Ltd 0.21 0% $27,765,811
G88 Golden Mile Res Ltd 0.024 0% $4,910,154
EPM Eclipse Metals 0.019 0% $38,460,880
WC8 Wildcat Resources 0.028 0% $18,249,636
CZL Cons Zinc Ltd 0.022 0% $10,184,272
XTC Xantippe Res Ltd 0.007 0% $57,016,609
WMC Wiluna Mining Corp 0.205 0% $74,238,031
KTA Krakatoa Resources 0.06 0% $20,682,595
DAF Discovery Alaska Ltd 0.029 0% $6,502,806
DAL Dalaroometalsltd 0.135 0% $4,033,125
LIS Lisenergylimited 0.395 -1% $66,365,675
CY5 Cygnus Gold Limited 0.58 -2% $90,520,936
MQR Marquee Resource Ltd 0.056 -2% $18,104,202
GL1 Globallith 2.5 -2% $518,292,615
WES Wesfarmers Limited 46.88 -2% $54,220,240,372
MXR Maximus Resources 0.045 -2% $14,669,665
JRL Jindalee Resources 2.31 -3% $136,561,939
PGD Peregrine Gold 0.46 -3% $18,407,147
VMC Venus Metals Cor Ltd 0.14 -3% $25,821,409
CMD Cassius Mining Ltd 0.026 -4% $10,901,004
FG1 Flynngold 0.11 -4% $7,367,021
LRS Latin Resources Ltd 0.11 -4% $230,022,543
EVR Ev Resources Ltd 0.021 -5% $20,371,650
KGD Kula Gold Limited 0.041 -5% $14,457,113
A11 Atlantic Lithium 0.88 -5% $560,311,036
FRS Forrestaniaresources 0.195 -5% $10,336,063
MM1 Midasmineralsltd 0.195 -5% $11,712,012
AZI Altamin Limited 0.09 -5% $37,213,091
RDT Red Dirt Metals Ltd 0.595 -6% $209,619,368
LRD Lordresourceslimited 0.255 -6% $8,986,848
AML Aeon Metals Ltd. 0.032 -6% $37,176,646
SRI Sipa Resources Ltd 0.045 -6% $9,841,191
RGL Riversgold 0.041 -7% $34,157,246
BYH Bryah Resources Ltd 0.025 -7% $7,593,844
ZEO Zeotech Limited 0.036 -8% $62,966,781
FTL Firetail Resources 0.18 -8% $12,675,000
IMI Infinitymining 0.275 -11% $19,566,813
AX8 Accelerate Resources 0.028 -13% $8,654,685
GSM Golden State Mining 0.046 -13% $6,201,753
ALY Alchemy Resource Ltd 0.03 -32% $51,615,355
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63 lithium companies finished in the green, 40 fell flat and 30 tumbled into the red zone.

 

Who’s got news out?

TAMBOURAH METALS (ASX:TMB)

Multiple pegmatites have been confirmed at the RJ 101 Lithium Project over a strike length of more than 500m and up to 8m high.

Anomalous assay results in pegmatites show clear prospectivity for lithium in the northern portion of the project with the company now planning to identify and field test these newly recognised pegmatite swarms.

“There is no record of previous exploration for LCT bearing pegmatites within the granted exploration licences and we look forward to working with the Palyku people, traditional owners, to commence heritage surveys within this large project prior to exploration commencing,” TMB managing director Paul Araujo says.

 

BALKAN MINING AND MINERALS (ASX:BMM)

BMM has increased its ground at the Gorge Lithium Project in Canada with five new claims totalling ~22.2km.

The overall size of the Gorge project increases the landholding to ~43km, solidifying BMM’s presence in larger Georgia Lake pegmatite district.

LEO LITHIUM (ASX:LLL)

Leo Lithium has appointed Lycopodium Minerals to progress Goulamina stage-1 works for engineering and procurement as well as project management services.

Lycopodium completed Goulamina’s update to the Definitive Feasibility Study (DFS Update) in December 2021 as well as conducting earlier project studies.

Execution of the EP and PM contract follows the ordering of long-lead items which will enable Lycopodium to continue development activities and progress seamlessly into the execution phase.

The EP and PM contract is valued at approximately AU$22.7 million and will be executed over the next 18-24 months.

Goulamina remains on-track for commissioning and first production by the first half of 2024.

 

VULCAN ENERGY RESOURCES (ASX:VUL)

Vulcan has successfully developed, tested and demonstrated its own in-house lithium extraction sorbent, VULSORB, for sustainable lithium extraction from the Upper Rhine Valley Brine Field and the Zero Carbon Lithium Project.

VULSORB demonstrated higher performance and lower water consumption for lithium extraction in Vulcan’s pilot plant, compared with commercially available sorbents tested by the Company.

Test-work has been carried out on live brine from Vulcan’s commercially operating geothermal renewable energy plant, Natür3 lich Insheim.

The manufacturing process for VULSORB has been shown to be environmentally benign, with many of the reagents recycled and with opportunities for Vulcan to use its own produced lithium to manufacture future sorbent once in production.

This further reduces Vulcan’s carbon footprint and operating costs while fulfilling the European Union’s circular economy goals.

 

AZURE MINERALS (ASX:AZS)

Azure has implemented a multi-pronged strategy to fast-track lithium-focused exploration.

As well as pegmatite sampling by helicopter, ground-based exploration with detail mapping and sampling is continuing alongside the planning of a diamond drilling program on newly identified zones as soon as approvals have been received.

The option of drilling pegmatites located close to nickel sulphide targets where drilling approvals have already been received is also being investigated.

TMB, BMM, LLL, VUL, AZS share price chart

RIVERSGOLD (ASX:RGL)

RGL has raised $6mn to explore lithium assets in the Pilbara and Mt Holland district.

Executive chairman David Lenigas says this funding puts the company in a solid fiscal position for 2023 and will enable it to accelerate its lithium targeted drilling efforts on two fronts.

 

ALCHEMY RESORUCES (ASX:ALY)

First pass RC drilling testing multiple high priority lithium targets has been completed at the Karonie Lithium-Gold Project.

Drilling intersected zones of pegmatites ranging from 1m to 27m in downhole thickness, confirming Alchemy’s interpretation of a substantial system developing at depth at Hickory and to the north under shallow alluvial cover.

All samples have been submitted to ALS Kalgoorlie with first results expected in December.

 

KULA GOLD (ASX:KGD)

KGD confirms the PT1 target at its Brunswick Project is a large, 2km long up to 300m pegmatite located on the Donnybrook-Bridgeton shear zone that hosts the Greenbushes Lithium Mine.

Kula also continues discussions regarding  new opportunities in the lithium sector that would complement the existing Brunswick Project.

 

CORE LITHIUM (ASX:CXO) 

Core’s chief financial officer Simon Lacopetta has chosen to step down and will continue to support an orderly transition over the coming months.

A global search is underway for a suitably qualified CFO using specialist executive search firm Korn Ferry, CXO says.

Lacopetta joined Core Lithium back in early 2019 and has been an integral member of the executive team, the company says.

He successfully steered the financial side of the business through the successful transition from an exploration company, to financing of the Finniss project that has led to the official opening of the mine in October of this year.

RGL, ALY, KGD, CXO share price charts