• Krakatoa Resources has the drills spinning at King Tamba lithium project in WA
  • The other Patriot – PAT –  taken higher on acquisition in Ontario
  • Liontown’s Kathleen Valley project is more than 50% complete, with production in view for mid-2024

Lithium news roundup, Tuesday October 31.

 

Krakatoa bubbles up as the drills spin

Krakatoa Resources (ASX:KTA)

If an absolute eruption of price hasn’t quite hit yet for critical minerals hunting junior Krakatoa, a boom of activity is certainly taking place. It’ll definitely take the simmering +26% price action this afternoon, however.

We have full details in today’s special report about what’s happening at the company’s priority 42km2 King Tamba project in WA’s Mid West, but just quickly:

• The $10.4m market-capped company has begun a reverse circulation (RC) drill program to test high-grade lithium targets at King Tamba.

• Grades of up to 4.3% Li from rock chip samples are being targeted.

• Drilling will be conducted across the Wilsons, Loader and MGM prospects…

• … with 12-15 RC holes, spanning 1,200 metres, to be drilled as part of the campaign.

• All three prospects have previously returned high-grade lithium results.

Source: KTA ASX announcement

Some 80km northwest of Mount Magnet, King Tamba is within the Dalgaranga greenstone belt that’s known for enriched gold, zinc, base metals lithium and rare earth deposits related to pegmatites.

Lithium is now front and centre on Krakatoa’s radar, after it defined a 1.3km-long by 500m-wide mineralised zone including at the Wilsons prospect where 250m of continuous outcrop has been identified with results of up to 4.3% Li2O, 1.7% rubidium and 0.5% caesium.

Krakatoa’s drill program is slated to be finished within 10 days, with samples to be sent to a lab in Perth.

KTA share price

 

 

Mooners and shake-outs

What’s electrifying today? 🚀

Enterprise Metals (ASX:ENT) +33% (up on no news)

Krakatoa Resources (ASX:KTA) +26% (up on: King Tamba drilling – see above)

Patriot Lithium (ASX:PAT) +24% (up on: Electric Avenue – see a bit further below)

 

What needs recharging today? 📉

Accelerate Resources (ASX:AX8) -18%

Magnis Energy Technologies (ASX:MNS) -14%

Wildcat Resources (ASX:WC8) -16%

 

ASX lithium form guide:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop. (Note: figures accurate per ASX at 3pm.) 

Stocks missing from this list?

Email [email protected] and/or [email protected]

CODE COMPANY PRICE DAILY RTN % 1 WEEK % 1 MTH % 1 YR % MARKET CAP
ADV Ardiden Ltd 0.005 0% 25% -9% -29% $13,441,677
AGY Argosy Minerals Ltd 0.16 -3% -6% -18% -69% $231,727,237
1MC Morella Corporation 0.005 -9% -17% -17% -77% $33,762,606
AML Aeon Metals Ltd. 0.012 0% 9% -20% -56% $13,156,807
ASN Anson Resources Ltd 0.165 3% 6% 18% -46% $205,718,267
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% 0% $2,752,409,203
CXO Core Lithium 0.35 0% 6% -14% -74% $747,927,440
EMH European Metals Hldg 0.615 -2% -5% -12% -19% $80,042,792
ESS Essential Metals Ltd 0.5 0% 9% 3% 9% $135,278,382
EUR European Lithium Ltd 0.065 -4% -6% -14% -28% $94,808,264
GLN Galan Lithium Ltd 0.6075 -5% -11% -7% -60% $226,062,259
INF Infinity Lithium 0.084 -1% 2% 5% -60% $39,320,328
INR Ioneer Ltd 0.1375 -8% -8% -39% -75% $316,653,948
JRL Jindalee Resources 1.265 -4% -7% -28% -45% $79,040,235
LIT Lithium Australia 0.033 3% 6% -3% -31% $39,110,134
LKE Lake Resources 0.1625 -4% -4% -10% -84% $241,815,600
LPD Lepidico Ltd 0.009 0% -10% -10% -53% $68,744,772
LPI Lithium Pwr Int Ltd 0.525 0% -1% 46% -12% $330,349,719
LTR Liontown Resources 1.63 -1% -9% -45% -12% $3,944,254,717
MIN Mineral Resources. 57.92 -4% 3% -14% -19% $11,750,222,966
MLS Metals Australia 0.037 -5% 3% 9% -8% $24,337,411
AKE Allkem Limited 9.56 -4% -8% -19% -32% $6,348,460,439
PLL Piedmont Lithium Inc 0.425 -7% -11% -31% -54% $167,274,744
PLS Pilbara Min Ltd 3.665 -4% 2% -15% -25% $11,496,147,361
QPM Queensland Pacific 0.057 -2% -3% -17% -64% $116,725,163
PSC Prospect Res Ltd 0.087 -4% -8% 14% -13% $42,065,611
RLC Reedy Lagoon Corp. 0.005 0% 0% -17% -60% $3,083,418
SYA Sayona Mining Ltd 0.0745 -8% -8% -20% -68% $833,756,977
TKL Traka Resources 0.005 0% 0% 0% -17% $4,376,646
TON Triton Min Ltd 0.027 -4% -4% 23% 17% $43,717,957
VUL Vulcan Energy 2.08 -4% -11% -28% -71% $365,287,603
GL1 Globallith 1.19 -1% -4% -13% -52% $313,132,142
BMM Balkanminingandmin 0.13 4% -4% -35% -53% $8,600,897
LEL Lithenergy 0.71 5% 23% 18% -37% $69,531,750
ARN Aldoro Resources 0.09 -9% 2% 0% -69% $13,327,751
NMT Neometals Ltd 0.205 -11% -31% -45% -81% $127,260,826
IGO IGO Limited 9.43 -3% -11% -26% -39% $7,337,925,108
AAJ Aruma Resources Ltd 0.032 0% -6% -11% -54% $6,300,528
PAM Pan Asia Metals 0.15 0% -25% -25% -63% $23,823,215
AX8 Accelerate Resources 0.037 -18% 23% 48% 23% $20,970,099
AM7 Arcadia Minerals 0.085 0% -12% -19% -73% $9,269,259
AS2 Askarimetalslimited 0.155 0% -18% -16% -64% $11,904,033
BYH Bryah Resources Ltd 0.013 8% -7% -13% -40% $4,303,263
EMS Eastern Metals 0.032 3% 3% -3% -73% $2,555,214
FG1 Flynngold 0.061 -6% -10% 2% -47% $8,864,868
FRS Forrestaniaresources 0.034 0% 17% -24% -83% $3,478,255
GSM Golden State Mining 0.019 0% -44% -47% -47% $3,630,677
IMI Infinitymining 0.12 0% 0% 9% -49% $9,343,166
LRV Larvottoresources 0.16 0% 60% 28% -9% $10,760,756
MMC Mitremining 0.225 -2% -4% -17% 29% $10,430,523
RAG Ragnar Metals Ltd 0.022 0% 5% -4% 5% $10,427,581
CTN Catalina Resources 0.004 0% 0% 0% -43% $4,953,948
TMB Tambourahmetals 0.115 0% -8% -43% -15% $9,538,141
TEM Tempest Minerals 0.007 0% -13% -22% -76% $3,579,684
EMC Everest Metals Corp 0.098 4% -7% -15% -2% $12,528,612
WCN White Cliff Min Ltd 0.011 0% -8% 0% -45% $13,827,204
WML Woomera Mining Ltd 0.009 0% -10% -18% -33% $8,605,751
AZL Arizona Lithium Ltd 0.017 6% 21% 13% -79% $51,115,035
CRR Critical Resources 0.027 0% -4% -29% -53% $48,001,958
KGD Kula Gold Limited 0.014 17% 17% 8% -61% $4,478,543
LRS Latin Resources Ltd 0.235 -8% -6% -4% 104% $706,989,081
PNN Power Minerals Ltd 0.275 6% 12% 10% -43% $20,726,206
WR1 Winsome Resources 1.33 -3% 15% -10% 183% $242,364,879
KZR Kalamazoo Resources 0.09 -5% -3% -14% -53% $16,110,457
MTM MTM Critical Metals 0.02 -13% -5% -46% -83% $2,284,753
QXR Qx Resources Limited 0.024 -4% 4% 0% -60% $27,643,196
SCN Scorpion Minerals 0.052 -2% -5% -5% -26% $18,375,428
AZI Altamin Limited 0.059 0% 0% -9% -31% $23,111,288
ENT Enterprise Metals 0.004 33% 0% 0% -60% $2,398,413
KAI Kairos Minerals Ltd 0.016 0% -24% -27% -41% $41,934,595
STM Sunstone Metals Ltd 0.018 -5% 29% 6% -42% $58,557,713
PGD Peregrine Gold 0.295 9% 4% 18% -30% $15,194,955
AVW Avira Resources Ltd 0.002 0% 33% 0% -33% $4,267,580
NVA Nova Minerals Ltd 0.26 -3% -2% 6% -63% $56,413,065
GT1 Greentechnology 0.4 1% 0% -5% -57% $84,126,122
BNR Bulletin Res Ltd 0.16 0% 39% 103% 23% $46,974,576
CAI Calidus Resources 0.195 11% 30% 26% -44% $106,791,476
MRR Minrex Resources Ltd 0.015 7% -6% 7% -65% $15,188,145
A8G Australasian Metals 0.2 5% 0% 0% -15% $9,902,894
EFE Eastern Resources 0.008 0% 0% -20% -77% $9,935,572
MQR Marquee Resource Ltd 0.025 -4% -4% -14% -59% $10,747,994
SRZ Stellar Resources 0.0085 0% -15% -29% -29% $9,334,585
LSR Lodestar Minerals 0.005 0% 0% -17% 0% $10,116,987
NWM Norwest Minerals 0.03 0% -6% 0% -25% $8,627,085
AOA Ausmon Resorces 0.0035 0% 17% 17% -42% $3,524,498
VKA Viking Mines Ltd 0.009 -10% 0% -10% 29% $10,252,584
IPT Impact Minerals 0.01 11% 0% -17% 67% $25,782,335
SRI Sipa Resources Ltd 0.021 0% -5% 5% -58% $4,791,321
VMC Venus Metals Cor Ltd 0.105 0% 5% -16% 25% $19,921,512
RGL Riversgold 0.0095 -5% -5% -27% -78% $9,512,615
ZNC Zenith Minerals Ltd 0.089 0% -7% -19% -69% $31,361,899
RAS Ragusa Minerals Ltd 0.039 8% 22% 5% -82% $5,133,556
G88 Golden Mile Res Ltd 0.018 6% -10% -40% -29% $5,599,622
EPM Eclipse Metals 0.01 0% -9% -23% -47% $20,280,598
EVR Ev Resources Ltd 0.011 0% 0% -15% -45% $10,392,578
WC8 Wildcat Resources 0.72 -16% 24% 62% 2082% $895,130,574
MNS Magnis Energy Tech 0.056 -24% -24% -24% -85% $88,762,863
RIO Rio Tinto Limited 117.31 -1% 5% 3% 32% $43,914,878,116
THR Thor Energy PLC 0.027 4% 13% -29% -64% $4,584,749
YAR Yari Minerals Ltd 0.017 0% 17% -6% -23% $8,200,083
MXR Maximus Resources 0.04 0% 8% 38% -2% $12,824,231
DRE Dreadnought Resources Ltd 0.031 3% -26% -34% -73% $103,708,359
MM1 Midasmineralsltd 0.15 0% 0% 0% -17% $12,982,087
M2R Miramar 0.023 -12% -32% -34% -73% $3,870,608
LLI Loyal Lithium Ltd 0.415 -6% -8% -37% -7% $35,825,292
LRD Lordresourceslimited 0.065 0% 5% -7% -80% $2,413,588
WMC Wiluna Mining Corp 0.205 0% 0% 0% 0% $74,238,031
AUN Aurumin 0.029 0% 4% 7% -64% $9,234,849
ZEO Zeotech Limited 0.04 -2% -17% -26% 5% $69,942,846
ALY Alchemy Resource Ltd 0.01 0% -9% -13% -70% $11,780,763
LIS Lisenergylimited 0.23 -2% 2% 10% -44% $150,447,054
GW1 Greenwing Resources 0.13 0% 0% -4% -60% $22,652,693
KTA Krakatoa Resources 0.024 26% 33% 9% -61% $8,263,060
TYX Tyranna Res Ltd 0.017 6% 6% 0% -64% $52,582,805
DAF Discovery Alaska Ltd 0.015 -17% -21% -21% -52% $4,216,225
FTL Firetail Resources 0.105 0% 5% 6% -43% $15,635,083
IR1 Irismetals 1.53 -2% -3% -22% -10% $189,438,572
LNR Lanthanein Resources 0.007 17% 17% -13% -77% $6,729,453
DAL Dalaroometalsltd 0.03 0% -25% -42% -75% $2,448,000
TKM Trek Metals Ltd 0.052 2% 33% -5% -25% $25,379,644
CY5 Cygnus Metals Ltd 0.19 6% 52% 19% -63% $52,207,675
TUL Tulla Resources 0 0% -100% -100% -100% $118,262,971
WES Wesfarmers Limited 50.27 0% -2% -5% 14% $56,881,060,239
LLL Leolithiumlimited 0.505 0% 0% 0% -19% $498,553,663
OCN Oceanalithiumlimited 0.145 7% 0% -36% -70% $7,165,328
A11 Atlantic Lithium 0.39 -1% -15% -18% -39% $241,835,456
CMD Cassius Mining Ltd 0.034 0% -3% 10% 13% $16,888,759
VSR Voltaic Strategic 0.022 0% 10% -24% 10% $10,628,286
SGQ St George Min Ltd 0.044 7% 22% 10% -27% $34,709,574
LLO Lion One Metals Ltd 1 0% -7% 1% 33% $14,280,040
PAT Patriot Lithium 0.21 24% 24% 20% 0% $10,860,875
PL3 Patagonia Lithium 0.12 0% -20% 0% 0% $5,880,420
BUR Burleyminerals 0.2 -5% 5% 11% 8% $21,272,319
CHR Charger Metals 0.18 13% 13% 44% -60% $9,938,299
RMX Red Mount Min Ltd 0.004 0% -11% 14% -11% $10,694,304
DLI Delta Lithium 0.58 -3% -6% -23% 7% $317,589,951
LM1 Leeuwin Metals Ltd 0.27 6% -8% 8% 0% $11,420,175
FIN FIN Resources Ltd 0.029 4% 38% 142% 26% $17,388,990
DTM Dart Mining NL 0.019 0% -4% -8% -70% $3,683,066
NIS Nickelsearch 0.056 0% 14% -2% -56% $8,976,650
EG1 Evergreenlithium 0.245 7% 11% -13% 0% $12,932,900
MAN Mandrake Res Ltd 0.035 6% 6% -13% -3% $19,759,077
FBM Future Battery 0.091 -1% -8% -21% 57% $46,911,351
XTC Xantippe Res Ltd 0.001 0% 0% 0% -76% $17,528,005
LPM Lithium Plus 0.47 -3% 32% 0% -16% $32,004,277
KOB Kobaresourceslimited 0.07 -4% 4% -13% -73% $7,695,417
IEC Intra Energy Corp 0.0035 -13% -13% -30% -42% $6,643,126
REC Rechargemetals 0.125 14% -11% -38% -22% $12,248,717
SLM Solismineralsltd 0.25 -2% 14% 4% 285% $19,817,123
AZS Azure Minerals 3.48 -1% 43% 29% 1265% $1,560,175,341
DYM Dynamicmetalslimited 0.165 0% 0% -20% 0% $5,775,000
SBR Sabre Resources 0.04 0% 21% 18% -20% $11,659,447
ICL Iceni Gold 0.063 -2% -3% -17% -10% $15,350,857
TMX Terrain Minerals 0.005 0% 0% 0% -17% $6,767,139
MHC Manhattan Corp Ltd 0.005 0% -17% -29% -29% $14,684,899
MHK Metalhawk. 0.11 0% 29% 16% -41% $8,664,811
NKL Nickelxltd 0.059 2% 9% 4% -62% $5,093,280
ANX Anax Metals Ltd 0.035 0% -3% -3% -41% $15,046,637
PMT Patriotbatterymetals 1.16 -8% 0% -7% 0% $451,665,301
BM8 Battery Age Minerals 0.215 -14% 2% -20% -57% $22,284,222
L1M Lightning Minerals 0.125 -4% -7% 4% 0% $5,294,258
ADG Adelong Gold Limited 0.007 8% 17% 0% -13% $3,876,095
TOR Torque Met 0.185 -12% 23% -46% 0% $25,341,752
AL8 Alderan Resource Ltd 0.012 0% 20% 20% 50% $7,400,336
OZM Ozaurum Resources 0.094 12% 12% -6% 19% $13,335,000
FL1 First Lithium Ltd 0.35 -4% 35% 43% 94% $25,568,858
PLN Pioneer Lithium 0.315 17% 5% -18% 0% $7,674,750
WYX Western Yilgarn NL 0.078 7% 0% -15% -29% $3,624,998
RDN Raiden Resources Ltd 0.035 -5% 35% 13% 309% $86,427,011
PFE Panteraminerals 0.065 5% -4% 14% -32% $6,638,498
GRE Greentechmetals 0.41 9% 49% 3% 173% $21,310,833
OLY Olympio Metals Ltd 0.15 0% -6% -9% -17% $9,539,925
SUM Summitminerals 0.089 -3% -2% -23% -53% $4,384,456
JBY James Bay Minerals 0.31 3% 9% -18% 0% $9,733,500
JNO Juno 0.08 0% 3% 7% -19% $10,852,640
CC9 Chariot Corporation 0.29 14% 0% 0% 0% $18,699,550
OBM Ora Banda Mining Ltd 0.15 -6% 30% 36% 95% $272,871,179
Wordpress Table Plugin

 

PAT is taken higher… oh yes

Patriot Lithium (ASX:PAT)

PAT has rocked down to Electric Avenue, and that might take it higher. Oh no yes.

Don’t blame me for the ye olde lyrical referencing – our editor insisted. It’s all his fault… honest.

Fact is, though, PAT is up today on the back of the acquisition of an additional 536km2 of highly prospective claims in the “Electric Avenue” lithium district, in North-West Ontario, Canada.

This will make Patriot Lithium the largest claim holder in the lithium-rich district. That might take it higher, indeed.

The company notes:

“Upon exercise of its relevant option, Patriot will have a semi-contiguous regional claim packag eexceeding 890km2. The newly acquired claims cover several unexplored lithium-caesium-tantalum (LCT) pegmatite occurrences up to 40m wide.

“Patriot’s claims now adjoin and partially surround Frontier Lithium’s (TSXV: FL) claims to the south east that contain the world-class PAK-Spark Project, one of the largest and highest-grade lithium deposits in North America and which has announced intercepts including 398m at 1.88% Li2O2.

 

PAT share price chart

 

 

And, in other major ASX-housed lithium news…

A beleaguered Liontown Resources (ASX:LTR) has noted today that its Kathleen Valley project is more than 50% complete, with a clear line of sight to first production mid-2024.

During the September quarter, Liontown awarded the final major mining and construction contracts for Kathleen Valley, bringing capital costs committed to approximately 90% and de-risking the pathway to first production.

LTR share price chart

 

At Stockhead we tell it like it is. While Krakatoa Resources and Patriot Lithium are Stockhead advertisers at the time of writing, they did not sponsor this article. 

 

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