All your lithium news, August 10.

Has the Delta Lithium (ASX:DLI) presentation at Diggers & Dealers yesterday backfired?

What could be construed as just a bit of a joke at the conference – simple black text on white background presentation slides – has made Delta’s share price slide too, to the tune of 15% yesterday.

Delta’s share price actually dropped from a near ATH of 93c down to 82.5c the day before the presentation, so one might wonder if it was a clever trick to tank the share price further for a big buyback.

DLI has the sizeable Yinnetharra lithium find in the up-and-coming Gascoyne mineral province – and a bunch of other explorers have staked tenements all around it looking for hard rock spodumene and rare earths, including Reach Resources (ASX:RR1), Voltaic Strategic Resources (ASX:VSR), Minerals 260 (ASX:MI6), Dalaroo Metals (ASX:DAL) and Hastings Technology Metals (ASX:HAS).

Shares today, however, have stagnated around the 72.5c mark, so we’ll keep an eagle eye on how this develops.

Meanwhile, a QoQ drop in revenue from US lithium giants Albemarle and Livent looks like water off a duck’s back seemingly as both are confident of a price recovery and are posting higher revenues than in 2022.

Livent reported second-quarter revenue of US$235.8m, 7% lower than Q1 2023 but 8% higher than Q2 2022, with project revenue expected to be a raised guidance of ~US$1.125bn this year, says Fastmarkets analysis.

Albemarle expects its annual revenue of US$10.4-$11.5bn this year, up from its previous projection back in May of US$9.8-US$11.5bn.

That’s a big gain of ~40-55% compared with the 2022 revenue of US$7.32 billion and likely a testament to its refining capacity changes at its WA operations and overall raw material production rate increases.

Fastmarkets also has eyes on a spot price recovery for lithium carbonate, projecting an uptick towards the end of this year as consumers in China are running down inventories that were replenished in June, the analyst says.

 

lithium price projection (rdn)
Lithium carbonate price projection. Source: Fastmarkets

 

Here’s how Aussie lithium stocks are tracking:

 

CODE COMPANY PRICE % TODAY YTD % MARKET CAP
XTC Xantippe Res Ltd 0.0015 50% -0.0015 $11,480,100
THR Thor Energy PLC 0.0045 29% -0.0015 $5,107,520
TEM Tempest Minerals 0.016 23% -0.007 $6,588,681
LKE Lake Resources 0.2 21% -0.6 $234,703,377
KGD Kula Gold Limited 0.017 13% -0.008 $5,598,179
PGD Peregrine Gold 0.305 13% -0.080593 $15,147,705
FTL Firetail Resources 0.135 13% -0.025 $11,550,000
A11 Atlantic Lithium 0.385 12% -0.235 $210,188,373
LRV Larvottoresources 0.15 11% -0.01 $9,079,387
SBR Sabre Resources 0.041 11% 0.003 $10,784,989
ZNC Zenith Minerals Ltd 0.076 9% -0.189 $24,666,662
KAI Kairos Minerals Ltd 0.027 8% 0.006091 $65,522,805
DAL Dalaroometalsltd 0.055 8% -0.045 $2,645,625
NIS Nickelsearch 0.07 8% -0.088352 $6,215,975
REC Rechargemetals 0.215 8% 0.08 $21,116,895
IPT Impact Minerals 0.016 7% 0.009 $42,670,558
EPM Eclipse Metals 0.017 6% 0.001 $32,448,957
L1M Lightning Minerals 0.17 6% 0.005 $6,274,912
CHR Charger Metals 0.265 6% -0.18 $15,528,592
CMD Cassius Mining Ltd 0.038 6% 0.018 $17,882,215
AZL Arizona Lithium Ltd 0.02 5% -0.042 $60,096,750
WC8 Wildcat Resources 0.2 5% 0.176 $126,458,604
TYX Tyranna Res Ltd 0.021 5% -0.003 $65,728,507
INR Ioneer Ltd 0.2725 5% -0.1075 $548,447,325
WML Woomera Mining Ltd 0.011 5% -0.008 $10,040,043
LPD Lepidico Ltd 0.0115 5% -0.0045 $84,021,363
PSC Prospect Res Ltd 0.115 5% -0.005 $50,848,541
KOB Kobaresourceslimited 0.115 5% -0.025 $11,595,833
CAI Calidus Resources 0.175 4% -0.095 $101,819,877
GSM Golden State Mining 0.048 4% 0.005 $8,790,061
DRE Dreadnought Resources Ltd 0.05 4% -0.055 $160,429,355
OCN Oceanalithiumlimited 0.255 4% -0.09 $13,003,743
TON Triton Min Ltd 0.026 4% -0.01 $39,033,890
SYA Sayona Mining Ltd 0.135 4% -0.055 $1,338,128,482
BUR Burleyminerals 0.135 4% -0.085 $13,168,578
ANX Anax Metals Ltd 0.058 4% 0.005 $24,074,619
CY5 Cygnus Metals Ltd 0.3 3% -0.08 $64,748,456
EG1 Evergreenlithium 0.3 3% 0 $16,306,700
ESS Essential Metals Ltd 0.46 3% 0.135 $119,642,685
QXR Qx Resources Limited 0.032 3% -0.01 $27,802,732
DTM Dart Mining NL 0.033 3% -0.022 $5,513,191
VSR Voltaic Strategic 0.034 3% 0.0105 $14,892,907
GW1 Greenwing Resources 0.195 3% -0.08 $32,826,463
CXO Core Lithium 0.595 3% -0.43 $1,077,939,741
G88 Golden Mile Res Ltd 0.041 3% 0.020666 $13,175,580
FBM Future Battery 0.1075 2% 0.0545 $44,923,739
RAG Ragnar Metals Ltd 0.022 2% 0.010554 $10,190,591
AKE Allkem Limited 14.54 2% 3.3 $9,067,497,983
AS2 Askarimetalslimited 0.26 2% -0.175 $17,434,465
EMS Eastern Metals 0.056 2% -0.01804 $3,659,691
LPI Lithium Pwr Int Ltd 0.285 2% -0.155 $176,186,517
PMT Patriotbatterymetals 1.42 1% 0.67 $487,704,266
AZI Altamin Limited 0.079 1% -0.001 $30,553,907
EMH European Metals Hldg 0.82 1% 0.18 $101,214,646
MAN Mandrake Res Ltd 0.043 1% 0.003 $25,447,297
PLS Pilbara Min Ltd 5.35 1% 1.6 $15,860,411,774
WES Wesfarmers Limited 50.38 1% 4.47 $56,552,202,434
QPM Queensland Pacific 0.099 1% -0.011 $171,142,096
NMT Neometals Ltd 0.525 1% -0.275 $287,425,412
LLI Loyal Lithium Ltd 0.54 1% 0.245 $36,642,151
LTR Liontown Resources 2.735 1% 1.415 $5,990,135,194
MIN Mineral Resources. 69.46 0% -7.74 $13,504,735,919
ADV Ardiden Ltd 0.006 0% -0.001 $16,130,012
1MC Morella Corporation 0.007 0% -0.005 $42,690,063
AML Aeon Metals Ltd. 0.016 0% -0.011 $17,542,410
ASN Anson Resources Ltd 0.16 0% -0.025 $203,308,510
AVZ AVZ Minerals Ltd 0.78 0% 0 $2,752,409,203
EUR European Lithium Ltd 0.082 0% 0.008 $114,327,612
MLS Metals Australia 0.032 0% -0.0125 $19,969,158
RLC Reedy Lagoon Corp. 0.008 0% -0.001688 $4,533,757
TKL Traka Resources 0.007 0% -0.001 $6,099,305
AX8 Accelerate Resources 0.026 0% 0.003 $9,869,646
AM7 Arcadia Minerals 0.105 0% -0.1 $9,875,261
BYH Bryah Resources Ltd 0.019 0% -0.006675 $6,640,600
FG1 Flynngold 0.07 0% -0.03 $9,546,781
FRS Forrestaniaresources 0.078 0% -0.062 $7,263,548
IMI Infinitymining 0.13 0% -0.145 $10,036,180
MMC Mitremining 0.3 0% 0.02 $11,470,530
CTN Catalina Resources 0.005 0% -0.005 $6,192,434
WCN White Cliff Min Ltd 0.009 0% -0.005 $11,313,167
CRR Critical Resources 0.043 0% 0 $76,426,062
PNN Power Minerals Ltd 0.33 0% -0.2 $24,161,339
SCN Scorpion Minerals 0.061 0% -0.009 $21,088,078
ENT Enterprise Metals 0.004 0% -0.006 $3,197,884
STM Sunstone Metals Ltd 0.024 0% -0.013 $73,967,637
AVW Avira Resources Ltd 0.002 0% -0.001 $4,267,580
BNR Bulletin Res Ltd 0.054 0% -0.039 $15,853,919
MRR Minrex Resources Ltd 0.014 0% -0.018 $15,188,145
A8G Australasian Metals 0.15 0% -0.04 $7,818,074
EFE Eastern Resources 0.01 0% -0.019 $12,419,465
MQR Marquee Resource Ltd 0.037 0% 0 $12,236,178
SRZ Stellar Resources 0.012 0% -0.001 $12,071,571
LSR Lodestar Minerals 0.007 0% 0.002 $12,903,781
AOA Ausmon Resorces 0.004 0% -0.003 $3,877,157
VKA Viking Mines Ltd 0.01 0% 0 $10,252,584
VMC Venus Metals Cor Ltd 0.135 0% 0.056511 $25,613,372
RAS Ragusa Minerals Ltd 0.055 0% -0.06 $7,842,933
YAR Yari Minerals Ltd 0.019 0% 0.002 $9,164,798
LRD Lordresourceslimited 0.089 0% -0.0785 $3,304,759
WMC Wiluna Mining Corp 0.205 0% 0 $74,238,031
AUN Aurumin 0.023 0% -0.038 $6,785,911
ZEO Zeotech Limited 0.042 0% -0.005 $71,648,769
ALY Alchemy Resource Ltd 0.014 0% -0.009 $16,493,068
DAF Discovery Alaska Ltd 0.026 0% -0.006 $6,090,102
LNR Lanthanein Resources 0.017 0% -0.004 $19,066,785
TUL Tulla Resources 0 0% -0.330511 $118,262,971
LLL Leolithiumlimited 1.14 0% 0.655 $1,125,447,873
SGQ St George Min Ltd 0.04 0% -0.028 $33,862,999
PAT Patriot Lithium 0.205 0% -0.06 $12,584,438
PL3 Patagonia Lithium 0.165 0% 0 $8,085,578
RMX Red Mount Min Ltd 0.0045 0% -0.0005 $11,359,580
ENT Enterprise Metals 0.004 0% -0.006 $3,197,884
LPM Lithium Plus 0.27 0% -0.1 $17,816,814
LRD Lordresourceslimited 0.089 0% -0.0785 $3,304,759
DYM Dynamicmetalslimited 0.22 0% 0 $7,700,000
ICL Iceni Gold 0.11 0% 0.03 $22,942,857
TMX Terrain Minerals 0.006 0% 0 $6,499,196
MHK Metalhawk. 0.13 0% -0.035 $10,240,231
NKL Nickelxltd 0.07 0% -0.01 $6,050,470
IGO IGO Limited 13.265 0% -0.195 $10,079,234,591
PLL Piedmont Lithium Inc 0.725 -1% 0.08 $279,482,325
JRL Jindalee Resources 1.81 -1% -0.075 $104,716,613
AGY Argosy Minerals Ltd 0.2775 -1% -0.2925 $393,234,099
LLO Lion One Metals Ltd 1.05 -1% -0.12 $14,637,905
TKM Trek Metals Ltd 0.087 -1% 0.011 $43,394,567
BM8 Battery Age Minerals 0.38 -1% -0.12 $28,573,993
LRS Latin Resources Ltd 0.355 -1% 0.257 $944,352,947
NVA Nova Minerals Ltd 0.325 -2% -0.355 $69,593,687
GL1 Globallith 1.59 -2% -0.255 $419,566,016
LIS Lisenergylimited 0.305 -2% -0.015 $51,433,398
MTM MTM Critical Metals 0.059 -2% -0.02 $5,822,803
GT1 Greentechnology 0.545 -2% -0.28 $118,202,525
PAM Pan Asia Metals 0.27 -2% -0.14 $42,834,395
GLN Galan Lithium Ltd 0.785 -2% -0.285 $277,337,202
LIT Lithium Australia 0.047 -2% 0.002 $58,617,200
DLI Delta Lithium 0.705 -2% 0.23 $376,253,775
LEL Lithenergy 0.67 -2% -0.1 $70,561,850
AAJ Aruma Resources Ltd 0.038 -3% -0.015 $7,651,872
MM1 Midasmineralsltd 0.34 -3% 0.14 $26,952,883
AZS Azure Minerals 2.64 -3% 2.415 $1,061,442,116
RIO Rio Tinto Limited 109.5 -3% -6.91 $41,891,749,750
ARN Aldoro Resources 0.155 -3% -0.005 $21,539,799
EMC Everest Metals Corp 0.155 -3% 0.076 $20,709,297
EMC Everest Metals Corp 0.155 -3% 0.076 $20,709,297
KZR Kalamazoo Resources 0.14 -3% -0.07 $24,367,706
TOR Torque Met 0.14 -3% -0.04 $13,968,871
VUL Vulcan Energy 3.81 -4% -2.52 $660,974,439
KTA Krakatoa Resources 0.027 -4% -0.017 $11,938,544
RGL Riversgold 0.0125 -4% -0.0175 $12,366,399
INF Infinity Lithium 0.11 -4% -0.01 $53,198,091
SRI Sipa Resources Ltd 0.021 -5% -0.011 $5,019,479
MNS Magnis Energy Tech 0.1 -5% -0.27 $123,847,306
WR1 Winsome Resources 1.78 -5% 0.55 $303,836,697
MXR Maximus Resources 0.036 -5% -0.004 $12,169,719
LM1 Leeuwin Metals Ltd 0.35 -5% 0 $16,570,450
MHC Manhattan Corp Ltd 0.008 -6% 0.0025 $24,964,328
NWM Norwest Minerals 0.045 -6% -0.009 $13,803,336
EVR Ev Resources Ltd 0.015 -6% 0.001 $14,975,745
IR1 Irismetals 2.06 -8% 0.9 $177,797,900
BMM Balkanminingandmin 0.21 -9% -0.12 $14,046,563
TMB Tambourahmetals 0.21 -9% 0.105 $9,721,917
TMB Tambourahmetals 0.21 -9% 0.105 $9,721,917
FIN FIN Resources Ltd 0.013 -13% -0.006 $9,315,530
SLM Solismineralsltd 0.365 -14% 0.29 $28,462,423
M2R Miramar 0.048 -14% -0.027968 $6,211,901
IEC Intra Energy Corp 0.005 -17% -0.003 $9,724,690
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61 lithium stocks shot up today and 58 lay flat. 45 fell below yesterday’s prices.

 

WHO’S GOT NEWS OUT?

 

PERPETUAL RESOURCES (ASX:PEC)

Brazil’s Minas Gerais lithium valley is popping at the moment, with exploration permits being snapped up left right and centre in one of the most exciting new hard rock lithium precincts in the world.

PEC acquired tenements in the lithium valley precinct mid-July, and has purchased another three, adding 5,000ha to the now called Ponte Nova prospects, 20km down the road from Canadian miner Sigma Lithium’s Grota do Cirilo lithium project.

The Ponte Nova area is highly prospective and interpreted as an extension of the modelled pegmatite corridor which runs from Latin’s Salinas project through its Colina deposit and potentially further to the northeast.

PEC MD Robert Benussi PEC said the company has moved quickly and decisively “to build a commanding land position in what has become the premier spodumene area in Brazil, which boasts several Tier 1 deposits either adjacent or on trend from the tenements we have secured”.

“We also are forging a close working relationship with the permit vendor group and several other in-country specialists, which gives Perpetual significant capacity to quickly assess these compelling exploration ground positions and ultimately quickly add value through exploration activities.”

Latin Resources Limited’s (ASX:LRS) Colina project is just down the road, too – as is Solis Minerals’ (ASX:SLM) Jaguar, of which LRS has a sizeable ~18% stake in.

After LRS engaged DGS Lakefield laboratories to conduct a bulk metallurgical test work program on ore from the company’s 45.2Mt Colina deposit, the first bulk DMS tests have produced a high-quality concentrate grading 5.5% Li2O @ 93.1% stage recovery from a representative sample with a head grade of 1.38% Li2O.

The results aren’t just a reliable indication of commercial DMS performance but are anticipated to have a positive impact on the project economics in the upcoming PEA at the Salinas lithium project in Brazil.

The high-quality testwork results validate broker comparisons to neighbour Sigma Lithium, currently in phase one production with a similar high-purity 5.5% Li2O concentrate which has enabled a significant offtake contract with LG Energy.

 

 

 

RAIDEN RESOURCES (ASX:RDN)

RDN has kicked off its lithium hunt at the Roebourne, Arrow and Mt Sholl projects.

The campaign includes detailed mapping of outcropping pegmatites across a 4km-long stretch and rock sampling, following up on the recently announced high-grade, lithium-bearing pegmatites on the Roebourne project.

Rock chip results include a whopping 2.22% Li2O sample from area R21160 and 0.98% Li2O @ R21163 and the now commenced exploration campaign seeks to identify targets for drilling across its its 460km2 portfolio in the Pilbara, WA.

Raiden’s Roeburne project is adjacent to Azure Minerals (ASX:AZS)  monster Andover lithium discovery, where recent drilling has intersected up to 209.4m @ 1.42% Li2O from 219m.

“With the current program, we hope to build on the potential defined in the initial and very limited scout sampling exercise on the recently acquired projects,” RDN MD Dusko Ljubojevic said.

“In parallel, we will be evaluating the greater potential of the entire portfolio of projects in the Pilbara, including Mt Sholl and Arrow for Li-bearing pegmatites.

“We hope to achieve similar success across the other projects as the Roebourne project.”

 

 

At Stockhead we tell it like it is. While Raiden Resources and Latin Resources are Stockhead advertisers, they did not sponsor this article.

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