• Mexico signs decree to nationalise lithium reserves
  • A major reverse circulation lithium drill program kicks off at St George’s Mt Alexander Project in WA
  • Anson Resources identifies a significant opportunity to reduce carbon emissions at its Paradox Lithium Project in Utah, USA

All your lithium news, Tuesday February 21.

 

Mexico president Andres Manual Lopez Obrador has taken further steps towards nationalising lithium reserves after signing a decree at an event in Sonoro over the weekend, handing the responsibility over to the energy minister.

This move comes after Obrador introduced fast-track legislation in April last year, which basically states that lithium exploration, exploitation, and use will be reserved for a new state-owned entity, thereby halting concessions or permits for lithium projects.

The decree orders the energy ministry to carry out the nationalisation process and, in this instance, it has also declared around 907 hectares in Sonora – one of Mexico’s 31 states – as a mining zone.

“What we are doing is nationalising lithium so that it cannot be exploited by foreigners – be they from Russia, China, or the United States,” he said.

“The oil and lithium belong to the nation, to the people of Mexico, to you, to all those who live in this region of Sonora, to all Mexicans.”

 

 

Here’s how ASX lithium stocks are tracking:

CODE COMPANY PRICE % TODAY MARKET CAP
LRD Lordresourceslimited 0.175 17% $4,993,818
LSR Lodestar Minerals 0.0045 13% $6,953,749
INF Infinity Lithium 0.115 10% $48,572,170
AGY Argosy Minerals Ltd 0.74 9% $954,997,099
KTA Krakatoa Resources 0.042 8% $13,443,687
MNS Magnis Energy Tech 0.435 7% $392,984,251
SYA Sayona Mining Ltd 0.22 7% $1,781,372,996
AX8 Accelerate Resources 0.03 7% $10,572,849
PGD Peregrine Gold 0.45 7% $16,280,413
WR1 Winsome Resources 2.03 7% $305,864,882
LPD Lepidico Ltd 0.016 7% $114,566,576
LPI Lithium Pwr Int Ltd 0.38 6% $226,475,122
IPT Impact Minerals 0.0095 6% $22,332,335
GLN Galan Lithium Ltd 1.18 5% $343,745,254
PLS Pilbara Min Ltd 4.42 5% $12,591,471,858
CXO Core Lithium 0.9675 5% $1,706,615,450
BNR Bulletin Res Ltd 0.11 5% $30,827,066
LTR Liontown Resources 1.35 5% $2,836,006,477
INR Ioneer Ltd 0.3975 5% $797,368,541
MIN Mineral Resources. 85.495 4% $15,623,972,937
MLS Metals Australia 0.049 4% $28,530,701
CAI Calidus Resources 0.25 4% $105,492,202
LKE Lake Resources 0.64 4% $873,265,992
AML Aeon Metals Ltd. 0.026 4% $27,410,016
CRR Critical Resources 0.052 4% $79,516,631
A11 Atlantic Lithium 0.66 4% $384,645,954
QXR Qx Resources Limited 0.0415 4% $35,874,493
SRI Sipa Resources Ltd 0.029 4% $6,388,428
FG1 Flynngold 0.09 3% $8,949,998
MRR Minrex Resources Ltd 0.031 3% $32,546,025
ALY Alchemy Resource Ltd 0.016 3% $18,260,182
EUR European Lithium Ltd 0.07 3% $98,548,264
GT1 Greentechnology 0.7 3% $129,702,107
EFE Eastern Resources 0.0175 3% $21,113,090
AKE Allkem Limited 11.82 3% $7,326,691,408
CHR Charger Metals 0.37 3% $15,737,172
MXR Maximus Resources 0.037 3% $11,486,008
LLL Leolithiumlimited 0.555 3% $532,794,732
IGO IGO Limited 13.59 3% $10,026,225,844
ZNC Zenith Minerals Ltd 0.23 2% $79,133,860
VUL Vulcan Energy 6.26 2% $880,692,748
NMT Neometals Ltd 0.805 2% $436,665,529
AZL Arizona Lithium Ltd 0.064 2% $153,877,792
PAT Patriot Lithium 0.37 1% $22,132,688
PSC Prospect Res Ltd 0.1875 1% $85,518,000
MTM Mtmongerresources 0.075 1% $4,219,792
LEL Lithenergy 0.815 1% $48,420,750
LIT Lithium Australia 0.0435 1% $52,511,242
PLL Piedmont Lithium Inc 0.935 1% $391,700,500
QPM Queensland Pacific 0.094 1% $162,410,357
RIO Rio Tinto Limited 126.48 1% $46,457,709,182
LLO Lion One Metals Ltd 0.98 1% $11,436,749
PNN Power Minerals Ltd 0.455 1% $32,691,244
ADV Ardiden Ltd 0.007 0% $18,818,347
ASN Anson Resources Ltd 0.19 0% $224,074,587
AVZ AVZ Minerals Ltd 0.78 0% $2,752,409,203
ESS Essential Metals Ltd 0.5 0% $133,783,347
RLC Reedy Lagoon Corp. 0.008 0% $4,533,757
TKL Traka Resources 0.007 0% $5,059,422
BMM Balkanminingandmin 0.38 0% $17,013,365
ARN Aldoro Resources 0.2 0% $22,582,463
AM7 Arcadia Minerals 0.22 0% $10,273,536
BYH Bryah Resources Ltd 0.023 0% $6,468,830
EMS Eastern Metals 0.071 0% $2,773,573
FRS Forrestaniaresources 0.15 0% $9,133,695
LRV Larvottoresources 0.155 0% $10,424,482
MMC Mitremining 0.295 0% $10,615,605
RAG Ragnar Metals Ltd 0.016 0% $6,066,958
CTN Catalina Resources 0.008 0% $9,907,895
TMB Tambourahmetals 0.11 0% $4,531,186
TEM Tempest Minerals 0.024 0% $12,114,393
EMC Everest Metals Corp 0.09 0% $9,578,980
WCN White Cliff Min Ltd 0.012 0% $9,408,653
KGD Kula Gold Limited 0.025 0% $9,030,298
SCN Scorpion Minerals 0.072 0% $24,890,846
ENT Enterprise Metals 0.008 0% $5,640,646
STM Sunstone Metals Ltd 0.035 0% $91,715,625
AVW Avira Resources Ltd 0.003 0% $6,401,370
RMX Red Mount Min Ltd 0.0055 0% $12,495,181
A8G Australasian Metals 0.18 0% $7,410,689
MQR Marquee Resource Ltd 0.032 0% $10,470,640
SRZ Stellar Resources 0.011 0% $11,050,940
NWM Norwest Minerals 0.066 0% $14,659,088
AOA Ausmon Resorces 0.006 0% $5,293,736
VKA Viking Mines Ltd 0.012 0% $12,303,101
RGL Riversgold 0.023 0% $21,745,757
G88 Golden Mile Res Ltd 0.021 0% $4,296,385
EPM Eclipse Metals 0.02 0% $40,561,196
EVR Ev Resources Ltd 0.016 0% $14,975,745
WC8 Wildcat Resources 0.03 0% $19,860,682
THR Thor Energy PLC 0.006 0% $8,853,677
CZL Cons Zinc Ltd 0.018 0% $8,682,441
MM1 Midasmineralsltd 0.17 0% $9,712,400
WMC Wiluna Mining Corp 0.205 0% $74,238,031
TYX Tyranna Res Ltd 0.027 0% $64,946,484
DAF Discovery Alaska Ltd 0.027 0% $6,054,337
FTL Firetail Resources 0.14 0% $9,100,000
IR1 Irismetals 1.16 0% $74,506,800
LNR Lanthanein Resources 0.02 0% $22,431,511
TKM Trek Metals Ltd 0.069 0% $25,112,211
OCN Oceanalithiumlimited 0.325 0% $11,834,550
CMD Cassius Mining Ltd 0.033 0% $13,480,266
VSR Voltaic Strategic 0.022 0% $6,760,605
DRE Dreadnought Resources Ltd 0.0895 -1% $296,435,540
AS2 Askarimetalslimited 0.56 -1% $27,948,024
GL1 Globallith 1.655 -1% $355,999,338
GW1 Greenwing Resources 0.2375 -1% $35,582,128
RDT Red Dirt Metals Ltd 0.42 -1% $189,085,683
M2R Miramar 0.072 -1% $5,159,767
KZR Kalamazoo Resources 0.165 -1% $24,927,245
AOU Auroch Minerals Ltd 0.06 -2% $26,098,553
TUL Tulla Resources 0.27 -2% $58,533,324
WES Wesfarmers Limited 49.415 -2% $57,096,518,800
EMH European Metals Hldg 0.615 -2% $79,378,369
NVA Nova Minerals Ltd 0.585 -3% $126,032,479
IMI Infinitymining 0.185 -3% $14,530,881
LLI Loyal Lithium Ltd 0.345 -3% $18,633,950
CY5 Cygnus Metals Ltd 0.33 -3% $62,517,232
LRS Latin Resources Ltd 0.125 -4% $286,215,139
1MC Morella Corporation 0.0115 -4% $73,182,965
AAJ Aruma Resources Ltd 0.065 -4% $10,673,382
GSM Golden State Mining 0.041 -5% $5,031,611
DAL Dalaroometalsltd 0.081 -5% $2,539,375
KAI Kairos Minerals Ltd 0.02 -5% $41,245,963
ZEO Zeotech Limited 0.04 -5% $68,909,638
PAM Pan Asia Metals 0.35 -5% $54,336,568
TON Triton Min Ltd 0.033 -6% $48,397,446
AZI Altamin Limited 0.066 -6% $27,420,173
LIS Lisenergylimited 0.31 -6% $54,751,682
VMC Venus Metals Cor Ltd 0.145 -6% $27,602,196
WML Woomera Mining Ltd 0.013 -7% $13,386,257
RAS Ragusa Minerals Ltd 0.11 -8% $17,111,854
XTC Xantippe Res Ltd 0.0055 -8% $63,480,598
JRL Jindalee Resources 2.31 -9% $145,168,784
SGQ St George Min Ltd 0.072 -10% $66,990,844
AUN Aurumin 0.053 -10% $10,516,217
DTM Dart Mining NL 0.04 -11% $7,002,925
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A total of 53 stocks finished in the green, 50 fell flat, and another 34 tumbled into murky waters.

 

Who’s got news out?

ST GEORGE MINING (ASX:SGQ)

A major reverse circulation lithium drill program has kicked off at St George’s Mt Alexander Project in WA, testing numerous pegmatites mapped across a 15km long pegmatite corridor for the first time.

This expanded program builds upon the maiden campaign undertaken in late 2022 at the
Jailbreak prospect, which is now delivering the first batch of assays.

The focus, SGQ says, is to investigate if these pegmatites potentially merge at deeper levels or are otherwise associated with a larger pegmatite body down-dip.

 

ANSON RESOURCES (ASX:ASN)

Anson has identified a significant opportunity to reduce carbon emissions at its Paradox Lithium Project in Utah, USA following the results from a hydro power energy recovery study.

Study results indicate up to 7MW of ‘green energy’ may be generated during brine extraction and transportation to lithium extraction plant via the addition of small scale hydro energy plants.

According to ASN, up to 4MW of power may be generated from each of the brine recovery wells at surface while another 3MW of power may be generated at the lithium extraction plant.

Anson will conduct further studies and technologies to meet its goal of producing lithium with low carbon emissions to the standards of potential offtake partners and OEM’s.

 

BURLEY MINERALS (ASX:BUR)

Burley has received the necessary exploration permits to begin pad clearing and drilling at the Chubb Lithium Project.

Immediate focus will be on drill testing the extensions of known spodumene mineralisation at the project site located within the Abitibi Lithium Hub district of Southwest Quebec.

Burley says the drilling program is designed to confirm, expand and extend spodumene lithium mineralisation, confirmed over the last two years of initial diamond core drilling.

The Chubb Lithium Project is located in the heart of the world-class lithium province of Quebec, Canada, which hosts major lithium projects including Sayona and Piedmont Lithium’s North American Lithium (NAL) mine.

 

STELAR METALS (ASX:SLB)

Historical records have confirmed the Trident Lithium Project hosts lithium-rich LCT-Type fractionated pegmatites that are highly anomalous in lithium-caesium-tantalum and rubidium.

Similar to the early-stage exploration at Core Lithium’s Finniss Lithium Project, historical lithium exploration is very limited and there has been no previous drilling into the main lithium bearing pegmatites within the Trident project.

Given these results, SLB CEO Colin Skidmore says the company is looking forward to start working on this “exciting” project.

 

AUROCH MINERALS (ASX:AOU)

Auroch has completed phase 1 reverse circulation drilling targeting lithium-caesium-tantalum LCT pegmatites at the Kangaroo Hill Lithium Project (KHLP) in WA.

A total of fourteen holes were drilled for 3,440m, successfully identifying pegmatite lithologies in 12 of them.

Auroch has now commenced a target generative geophysical review of the greater project area and a ground based seismic and resistivity survey will be trialled to assess the overall effectiveness in defining pegmatite’s below cover and at depth.