• Labor’s electric vehicle strategy/forecast is copping a bit of a beating from the critics today
  • And yet… EV sales appear to have surged ‘tenfold’
  • Meanwhile, Pure Resources, Chariot and Eclipse lead the lithium gainers on the ASX

Lithium roundup, Tuesday November 21.

 

What with the success of lithium stocks so completely tied to the future of electric vehicles, first up today, some focus on local EV governmental strategy chattering…

Australia’s Climate Change and Energy Minister Chris Bowen’s electric vehicle strategy has come under fire today, with critics suggesting it’s well on track to fail after after government department officials predicted fewer than a third of new car sales would be electrified by 2030.

Per a report in The Australian today:

‘The latest estimates from the federal transport department are that electric cars will make up 27 per cent of new car sales by 2030, well below the 89 per cent forecast in Labor’s pre-election modelling that helped boost its 43 per cent emissions reduction target.

‘The 89 per cent prediction in Labor’s modelling conducted by RepuTex was based on Anthony Albanese’s pre-election policies that have been implemented since the government was elected, including exempting electric cars from import tariffs and fringe ­benefit taxes.’

Meanwhile, Sky News host Caleb Bond chimed in, describing the government’s strategy as “running on empty”.

However… this criticism comes amid Electric Vehicle Council Chief Executive Behyad Jafari reportedly revealing that there has been a “tenfold increase” in EV sales in Australia.

“The government is certainly right to be ambitious in this space,” Jafari told Sky News Australia.

“We have just as of this month we have seen that in 2023 electric vehicles are 10 times higher than they were in all of 2021.

“That’s certainly much higher than projections were at the time and I think the government has been able to see that.”

Jafari has also urged Labor to release its plans for fuel efficiency standards as soon as possible.

“The government has been doing the work in developing the fuel efficiency standards by the end of the year but its mid-November and we haven’t seen the standards yet,” said Jafari.

“These have to be in palace and while the government is ­developing them it is looking like a wasted year. Every country in the developed world except for Australia and Russia has these standard.”

 

 

What’s surging right now in ASX lithium land?

(Circa 3pm-ish on a Tuesday afternoon…)

 

Charged up 🚀

Pure Resources (ASX:PR1) +50%

Chariot Corporation (ASX:CC9) +21% 

Eclipse Metals (ASX:EPM) +20% 

Flynn Gold (ASX:FG1) +14%

Summit Minerals (ASX:SUM) +14% 

 

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] 

CODE COMPANY % WEEK % MONTH % YTD PRICE MARKET CAP
TG6 Tgmetals 28% 860% 726% 0.95 $41,104,160
KGD Kula Gold 28% 185% 48% 0.037 $16,774,631
NIS Nickelsearch 40% 180% -12% 0.14 $25,973,132
AZL Arizona Lithium -14% 177% -33% 0.0415 $149,345,371
FL1 First Lithium 23% 165% 261% 0.65 $46,234,100
KTA Krakatoa Resources 14% 158% 11% 0.049 $21,309,998
MHK Metalhawk -15% 129% 18% 0.195 $16,045,111
WML Woomera Mining -18% 119% 21% 0.023 $31,036,058
OBM Ora Banda Mining 8% 86% 144% 0.205 $332,561,749
ZNC Zenith Minerals 0% 74% -38% 0.165 $58,142,846
AZS Azure Minerals -1% 64% 1676% 3.995 $1,830,131,504
OZM Ozaurum Resources -21% 60% 97% 0.13 $21,431,250
BNR Bulletin Resources -3% 57% 77% 0.165 $46,974,576
GRE Greentechmetals -19% 56% 289% 0.545 $37,568,533
CHR Charger Metals -26% 56% -37% 0.28 $15,839,164
RDN Raiden Resources -26% 52% 953% 0.05 $142,117,641
RGL Riversgold 30% 50% -50% 0.015 $13,317,660
JBY James Bay Minerals 0% 46% 0% 0.395 $12,978,000
WYX Western Yilgarn -15% 45% -15% 0.11 $6,207,188
INF Infinity Lithium 4% 45% 0% 0.12 $55,511,051
EFE Eastern Resources 0% 43% -66% 0.01 $13,661,411
RON Roninresources -2% 41% 24% 0.205 $6,839,619
RLC Reedy Lagoon Corp. 17% 40% -28% 0.007 $4,316,785
QXR Qx Resources 7% 36% -29% 0.03 $33,171,836
LRD Lordresources 9% 35% -50% 0.084 $3,119,098
RAS Ragusa Minerals -15% 35% -60% 0.046 $6,274,347
KZR Kalamazoo Resources 9% 34% -40% 0.125 $21,421,184
IEC Intra Energy Corp 0% 33% -50% 0.004 $8,303,908
1MC Morella Corporation 8% 30% -46% 0.0065 $43,145,149
WC8 Wildcat Resources 7% 29% 3504% 0.865 $1,093,336,208
MRR Minrex Resources -18% 28% -36% 0.0205 $22,782,218
ADVDB Ardiden 2% 28% -27% 0.22 $13,129,080
MXR Maximus Resources -2% 26% 20% 0.048 $16,030,288
FG1 Flynngold 14% 26% -18% 0.082 $11,183,372
BMM Balkanminingandmin -14% 24% -53% 0.155 $10,665,112
SUM Summitminerals -4% 24% -21% 0.115 $5,480,570
AX8 Accelerate Resources -21% 24% 83% 0.042 $21,712,101
LPM Lithium Plus -4% 22% 26% 0.465 $39,984,513
VKA Viking Mines 0% 22% 10% 0.011 $12,303,101
MAN Mandrake Res 8% 21% 3% 0.041 $26,477,677
THR Thor Energy 7% 20% -50% 0.03 $5,594,769
MQR Marquee Resource -9% 19% -16% 0.031 $12,814,916
TOR Torque Met 12% 19% 6% 0.19 $25,530,196
MTM MTM Critical Metals -4% 18% -67% 0.026 $2,483,427
FIN FIN Resources -16% 18% 37% 0.026 $17,527,555
SBR Sabre Resources -15% 18% 3% 0.039 $15,001,928
KOB Kobaresources -1% 18% -44% 0.079 $8,433,333
EUR European Lithium 1% 17% 9% 0.081 $110,144,895
LNR Lanthanein Resources -13% 17% -67% 0.007 $7,851,029
CY5 Cygnus Metals -13% 17% -63% 0.14 $42,232,575
CAI Calidus Resources 0% 16% -33% 0.18 $106,791,476
A11 Atlantic Lithium -3% 16% -17% 0.515 $318,365,663
L1M Lightning Minerals 3% 15% -6% 0.155 $6,122,634
TEM Tempest Minerals -11% 14% -65% 0.008 $4,091,068
ASR Asra Minerals -33% 14% -60% 0.008 $11,649,645
PAT Patriot Lithium -2% 14% -25% 0.2 $14,388,598
SRI Sipa Resources 19% 14% -22% 0.025 $5,703,953
PGD Peregrine Gold 14% 13% -17% 0.32 $18,107,712
EMS Eastern Metals -13% 13% -53% 0.035 $2,884,919
G88 Golden Mile Res -5% 11% 3% 0.021 $6,917,180
RIO Rio Tinto 0% 10% 8% 125.31 $47,070,215,935
IPT Impact Minerals 0% 10% 57% 0.011 $31,511,743
MIN Mineral Resources. -1% 9% -19% 62.71 $12,495,835,121
MMC Mitremining -6% 7% -20% 0.225 $10,430,523
YAR Yari Minerals 0% 7% -6% 0.016 $7,235,367
STM Sunstone Metals 0% 7% -57% 0.016 $55,475,728
TYX Tyranna Res 0% 6% -29% 0.017 $55,869,231
GL1 Globallith 4% 6% -29% 1.3125 $338,056,159
NKL Nickelx -2% 6% -29% 0.057 $5,093,280
MLS Metals Australia 0% 6% -15% 0.038 $24,337,411
PSC Prospect Res 1% 5% -17% 0.1 $45,869,864
JNO Juno -4% 5% -14% 0.082 $14,364,867
LRV Larvottoresources -13% 5% -34% 0.105 $7,061,746
IMI Infinitymining -4% 4% -55% 0.125 $9,732,465
PNN Power Minerals -4% 4% -53% 0.25 $21,804,328
TMB Tambourahmetals 13% 4% 29% 0.135 $11,196,948
LPI Lithium Pwr Int 1% 3% 23% 0.54 $343,626,288
AS2 Askarimetals -3% 3% -57% 0.185 $14,309,789
BM8 Battery Age Minerals 0% 2% -56% 0.22 $20,501,484
HAW Hawthorn Resources 0% 2% -19% 0.093 $31,826,483
TKM Trek Metals -6% 2% -38% 0.047 $22,393,804
WES Wesfarmers -2% 2% 13% 52.1 $59,374,180,399
CC9 Chariot Corporation 210% 0% 0% 1.24 $72,598,252
WCN White Cliff Min 0% 0% -14% 0.012 $14,042,153
AVZ AVZ Minerals 0% 0% 0% 0.78 $2,752,409,203
AAJ Aruma Resources -11% 0% -38% 0.033 $6,497,420
RAG Ragnar Metals 0% 0% 101% 0.023 $10,901,562
AVW Avira Resources 0% 0% -50% 0.0015 $3,200,685
AOA Ausmon Resorces 0% 0% -57% 0.003 $3,020,998
VMC Venus Metals Cor 0% 0% 27% 0.1 $18,972,868
WMC Wiluna Mining Corp 0% 0% 0% 0.205 $74,238,031
LLL Leolithium 0% 0% 4% 0.505 $498,553,663
XTC Xantippe Res 0% 0% -67% 0.001 $17,528,005
ADG Adelong Gold 17% 0% 0% 0.007 $4,174,256
BYH Bryah Resources -30% 0% -45% 0.014 $5,379,079
DYM Dynamicmetals -14% 0% 0% 0.16 $6,300,000
LIT Lithium Australia -9% -2% -33% 0.03 $36,665,750
VUL Vulcan Energy -10% -2% -64% 2.29 $390,605,728
GT1 Greentechnology -4% -3% -53% 0.385 $104,935,401
LLO Lion One Metals 0% -3% -15% 1 $14,101,286
NWM Norwest Minerals 0% -3% -43% 0.031 $8,914,655
INR Ioneer -6% -3% -59% 0.155 $348,383,004
OCN Oceanalithium -12% -3% -58% 0.145 $6,899,945
FRS Forrestaniaresources 0% -3% -79% 0.029 $4,530,001
WR1 Winsome Resources -4% -3% -7% 1.145 $192,690,623
PL3 Patagonia Lithium 0% -3% 0% 0.14 $6,860,490
CRR Critical Resources -10% -4% -40% 0.026 $46,224,107
GW1 Greenwing Resources -27% -4% -60% 0.11 $20,910,178
ARN Aldoro Resources -1% -5% -48% 0.084 $11,308,394
LEL Lithenergy -2% -5% -29% 0.55 $55,625,400
AM7 Arcadia Minerals -6% -6% -59% 0.085 $9,269,259
CMD Cassius Mining -3% -6% 70% 0.034 $17,385,487
CXO Core Lithium -13% -6% -68% 0.33 $737,242,763
PLS Pilbara Min 0% -6% -5% 3.565 $10,954,444,082
GLN Galan Lithium -13% -6% -43% 0.615 $224,296,148
ASN Anson Resources -9% -6% -19% 0.15 $192,860,875
MM1 Midasminerals 0% -6% -25% 0.15 $13,012,087
AUN Aurumin 24% -7% -57% 0.026 $8,279,520
AGY Argosy Minerals 17% -8% -69% 0.175 $224,705,200
PMT Patriotbatterymetals 3% -9% 42% 1.065 $418,541,060
AZI Altamin -7% -9% -33% 0.053 $20,369,271
ICL Iceni Gold 5% -9% -24% 0.061 $14,391,429
EPM Eclipse Metals 11% -9% -38% 0.01 $20,438,042
ALY Alchemy Resource 0% -9% -57% 0.01 $11,780,763
DAL Dalaroometals -6% -9% -70% 0.03 $2,448,000
VSR Voltaic Strategic -9% -9% -15% 0.02 $9,662,078
NVA Nova Minerals 0% -9% -65% 0.24 $51,668,040
LSR Lodestar Minerals 13% -10% -10% 0.0045 $9,105,288
FTL Firetail Resources -9% -10% -44% 0.09 $13,401,500
OLY Olympio Metals -4% -10% -7% 0.135 $8,585,932
A8G Australasian Metals -5% -10% -8% 0.175 $8,078,677
PFE Panteraminerals -10% -10% -45% 0.06 $6,424,353
PLL Piedmont Lithium Inc 0% -11% -35% 0.42 $158,083,824
EMH European Metals Hldg 1% -11% -5% 0.605 $79,930,444
DRE Dreadnought Resources -3% -11% -70% 0.032 $110,622,250
DAF Discovery Alaska 0% -11% -50% 0.016 $3,747,755
TMX Terrain Minerals -11% -11% -33% 0.004 $5,413,711
TON Triton Min -8% -12% -36% 0.023 $35,911,271
QPM Queensland Pacific -9% -12% -52% 0.053 $110,689,717
EG1 Evergreenlithium -8% -12% 0% 0.18 $10,121,400
RMX Red Mount Min 0% -13% -30% 0.0035 $9,357,516
SCN Scorpion Minerals -6% -13% -31% 0.048 $19,521,897
BUR Burleyminerals -6% -13% -25% 0.165 $15,194,513
LLI Loyal Lithium -17% -14% 22% 0.36 $32,161,342
NMT Neometals -11% -14% -71% 0.225 $124,494,286
DTM Dart Mining NL -16% -15% -71% 0.016 $3,676,036
SRZ Stellar Resources -6% -15% -35% 0.0085 $9,334,585
ANX Anax Metals 0% -15% -47% 0.028 $12,984,776
SYA Sayona Mining -12% -15% -63% 0.0695 $741,117,313
AML Aeon Metals 22% -15% -59% 0.011 $13,156,807
PLN Pioneer Lithium -2% -16% 0% 0.265 $7,532,625
EMC Everest Metals Corp -10% -16% 11% 0.088 $14,042,347
LIS Lisenergy -9% -17% -38% 0.2 $131,241,047
DLI Delta Lithium -2% -17% 3% 0.475 $303,012,472
SGQ St George Min -13% -18% -51% 0.033 $33,458,943
AKE Allkem -4% -18% -25% 8.38 $5,408,658,139
LKE Lake Resources -11% -18% -82% 0.1475 $213,366,706
FBM Future Battery 7% -18% 45% 0.077 $40,792,479
GSM Golden State Mining -25% -18% -58% 0.018 $4,299,485
LPD Lepidico -6% -19% -47% 0.0085 $64,925,618
EVR Ev Resources -13% -19% -25% 0.0105 $9,545,883
TKL Traka Resources 0% -20% -50% 0.004 $3,501,317
MHC Manhattan Corp 0% -20% -27% 0.004 $11,747,919
IR1 Irismetals -9% -20% 14% 1.32 $165,758,750
SLM Solisminerals -15% -21% 127% 0.17 $13,623,524
REC Rechargemetals -15% -21% -19% 0.11 $12,248,717
IGO IGO -4% -22% -37% 8.5 $6,618,520,686
LM1 Leeuwin Metals 2% -22% 0% 0.225 $10,076,625
KAI Kairos Minerals -9% -23% -26% 0.0155 $39,313,683
PAM Pan Asia Metals 0% -23% -62% 0.155 $25,888,322
LTR Liontown Resources -8% -23% 3% 1.3625 $3,368,972,334
CTN Catalina Resources -25% -25% -70% 0.003 $3,715,461
ENT Enterprise Metals -25% -25% -70% 0.003 $2,398,413
MNS Magnis Energy Tech -8% -26% -85% 0.055 $69,570,893
LRS Latin Resources -15% -27% 86% 0.1825 $540,638,709
AL8 Alderan Resource 0% -30% 0% 0.007 $8,301,460
JRL Jindalee Resources -10% -31% -50% 0.94 $60,616,693
M2R Miramar -21% -44% -75% 0.019 $3,275,130
CODE COMPANY % WEEK % MONTH % YTD PRICE MARKET CAP
TG6 Tgmetals 28% 860% 726% 0.95 $41,104,160
KGD Kula Gold 28% 185% 48% 0.037 $16,774,631
NIS Nickelsearch 40% 180% -12% 0.14 $25,973,132
AZL Arizona Lithium -14% 177% -33% 0.0415 $149,345,371
FL1 First Lithium 23% 165% 261% 0.65 $46,234,100
KTA Krakatoa Resources 14% 158% 11% 0.049 $21,309,998
MHK Metalhawk -15% 129% 18% 0.195 $16,045,111
WML Woomera Mining -18% 119% 21% 0.023 $31,036,058
OBM Ora Banda Mining 8% 86% 144% 0.205 $332,561,749
ZNC Zenith Minerals 0% 74% -38% 0.165 $58,142,846
Wordpress Table Plugin

 

Making news

Maximus Resources (ASX:MXR)

Maximus Resources has identified spodumene as the dominant lithium-bearing mineral from recent Reverse Circulation (RC) drilling at the Kandui prospect, part of the Lefroy lithium project in WA.

Kandui lies within the greater Lefroy project, in WA’s Eastern Goldfields ‘lithium corridor’, ~20km south of Mineral Resources’ (ASX:MIN) Mt Marion Lithium mine.

Our special report today on this has more.

 

Torque Metals (ASX:TOR)

Torque Metals has followed up on high-grade lithium assays from diamond drilling at its New Dawn project in WA’s Goldfields region with the observation of abundant spodumene in RC drilling.

Inaugural diamond and reverse circulation drilling at the project had got off to a great start after assays from the initial diamond holes returned intercepts of up to 3.92m grading 1.52% Li2O.

Our special report has more.

 

NickelSearch (ASX:NIS)

A program of in-fill soil sampling has kicked off over four, previously high-priority areas at Carlingup, a project which has attracted the interest of nearby lithium producer Allkem.

NickelSearch’s (ASX:NIS) 108km2 Carlingup project sits on the Ravensthorpe greenstone belt in WA, a region highly prospective for nickel sulphide deposits on the southern margin of the Archean Yilgarn Craton.

This belt is in the same greenstone corridor as IGO’s (ASX:IGO) Forrestania nickel mining complex and adjacent to First Quantum Minerals’ laterite mine, the Ravensthorpe Nickel Operations (RNO).

Our special report has more.

 

Pure Resources (ASX:PR1)

Pure Resources today announced early results from outcrop pegmatite mapping and sampling now completed at the Järkvisslenr 100 Reservation in Sweden.

What’d their geologists find? The presence of “highly fractionated muscovite-rich pegmatites… with pathfinder minerals triphylite-lithiophilite, cassiterite and potentially zinnwaldite”.

The chief highlight – and it’s a biggie – from the  LIBS (Laser Induced Breakdown Spectroscopy) analysis, though, was this:

Up to 11.69% Li was found in hole JARR037. That’s some high-grade Li right there. Additional high-grade lithium samples included:

• JARR036 – 10.13%, 7.04% & 3.94% Li

• JARR037 – 5.48% Li

• JARR024 – 1.36% & 1.21% Li 

PR1 notes that the claims are adjacent to and along strike of Sweden’s most advanced lithium deposit, the Järkvissle pegmatite sites owned by Asera Mining.

 

Uvre (ASX:UVA)

Uvre has moved quickly to get boots on the ground and begin the first phase of exploration work at the South Pass lithium project in Wyoming, USA after recently securing the project.

UVA has a first mover advantage as one of the only two known ASX listed companies currently actively exploration for hard lithium in the State of Wyoming, the other being Chariot Corporation (ASX:CC9).

More in our special report, here.

 

Jindalee Resources (ASX:JRL)

An exploration target of 300-700Mt at 1,100-1,400ppm lithium is set for Jindalee’s McDermitt project in Oregon. At 21.5Mt LCE, it’s already the largest lithium deposit in the US by contained lithium. Drill rigs are ready to start turning pending final approvals from US regulators.

More in our special report here.

 

Meanwhile…

Catching our eye today on the platform formerly known as Twitter…

 

 

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