• Sayona acquires another 1,824 claims from TSX-listed Troilus Gold in Quebec, Canada
  • Burley acquires the Chubb Lithium Project in the same neighbourhood as Sayona and Piedmont
  • Power Minerals receives bulk sample test results from Xiamen Xiangyu New Energy Co

All your lithium news, Thursday November 17.

 

Bp has launched its global electrification brand – bp Pulse – in Australia with with global CEO Bernard Looney officially opening the new fast charge points at bp Bayside at Brighton East in Melbourne.

The launch is the commencement of bp’s ambitions for around 600 charge points in Australia and the installation of more than 100,000 EV chargers globally.

Bp is backing Australian businesses too, with Brisbane-based manufacturer Tritium supplying the chargers as part of a multi-year contract to deliver for bp’s UK, Australian and New Zealand markets.

 

Here’s how ASX lithium companies are tracking:

CODE COMPANY PRICE % TODAY MARKET CAP
RMX Red Mount Min Ltd 0.005 25% $6,569,455
WR1 Winsome Resources 1.06 21% $118,224,745
CMD Cassius Mining Ltd 0.03 20% $10,093,523
PSC Prospect Res Ltd 0.13 18% $50,848,541
MTM Mtmongerresources 0.115 15% $3,751,003
IPT Impact Minerals 0.008 14% $17,369,594
PAM Pan Asia Metals 0.42 14% $54,336,568
1MC Morella Corporation 0.019 12% $98,626,448
SHH Shree Minerals Ltd 0.01 11% $11,146,382
ENT Enterprise Metals 0.01 11% $5,876,826
THR Thor Mining PLC 0.01 11% $9,925,951
AOU Auroch Minerals Ltd 0.064 10% $21,524,484
KZR Kalamazoo Resources 0.245 9% $33,484,359
AOA Ausmon Resorces 0.0065 8% $5,143,736
NWM Norwest Minerals 0.069 8% $14,214,873
ALY Alchemy Resource Ltd 0.03 7% $32,846,135
LIT Lithium Australia 0.051 6% $58,617,200
WCN White Cliff Min Ltd 0.018 6% $12,709,257
LRV Larvottoresources 0.185 6% $8,733,463
LPI Lithium Pwr Int Ltd 0.58 5% $215,160,619
AGY Argosy Minerals Ltd 0.69 5% $919,886,911
MLS Metals Australia 0.04 5% $23,067,375
QXR Qx Resources Limited 0.062 5% $52,029,877
CHR Charger Metals 0.635 5% $26,381,651
EMS Eastern Metals 0.11 5% $4,101,763
EUR European Lithium Ltd 0.095 4% $131,880,765
IMI Infinitymining 0.28 4% $17,042,063
TEM Tempest Minerals 0.029 4% $14,133,453
KAI Kairos Minerals Ltd 0.03 3% $56,958,711
STM Sunstone Metals Ltd 0.033 3% $83,726,285
IR1 Irismetals 1.9 3% $115,736,850
QPM Queensland Pacific 0.175 3% $294,145,290
DTM Dart Mining NL 0.072 3% $10,868,211
PNN Power Minerals Ltd 0.565 3% $39,686,368
INF Infinity Lithium 0.195 3% $79,824,010
KGD Kula Gold Limited 0.039 3% $13,726,053
MNS Magnis Energy Tech 0.395 3% $373,577,621
ASN Anson Resources Ltd 0.245 2% $282,214,560
LRD Lordresourceslimited 0.27 2% $8,820,425
WES Wesfarmers Limited 47.23 2% $52,712,000,000
AAJ Aruma Resources Ltd 0.071 1% $10,987,305
TUL Tulla Resources 0.395 1% $78,231,167
MIN Mineral Resources. 83.76 1% $15,704,000,000
AS2 Askarimetalslimited 0.425 1% $20,722,431
A11 Atlantic Lithium 0.835 1% $502,765,578
ESS Essential Metals Ltd 0.4625 1% $117,600,685
GT1 Greentechnology 1.035 0% $196,460,545
ADV Ardiden Ltd 0.009 0% $24,015,018
AML Aeon Metals Ltd. 0.03 0% $32,892,019
AVZ AVZ Minerals Ltd 0.78 0% $2,752,409,203
PLS Pilbara Min Ltd 4.92 0% $14,734,000,000
RLC Reedy Lagoon Corp. 0.012 0% $6,689,123
TON Triton Min Ltd 0.026 0% $35,952,389
GL1 Globallith 2.28 0% $474,692,024
AX8 Accelerate Resources 0.029 0% $7,843,308
BYH Bryah Resources Ltd 0.026 0% $7,312,590
FG1 Flynngold 0.12 0% $7,687,326
TMB Tambourahmetals 0.155 0% $6,384,853
TSC Twenty Seven Co. Ltd 0.002 0% $10,643,256
LRS Latin Resources Ltd 0.11 0% $220,342,360
SCN Scorpion Minerals 0.07 0% $23,359,433
AZI Altamin Limited 0.088 0% $34,471,074
AVW Avira Resources Ltd 0.0035 0% $7,468,265
NVA Nova Minerals Ltd 0.835 0% $153,357,165
MRR Minrex Resources Ltd 0.046 0% $49,842,918
SRZ Stellar Resources 0.012 0% $12,055,571
LSR Lodestar Minerals 0.005 0% $8,692,187
VKA Viking Mines Ltd 0.008 0% $8,202,067
VMC Venus Metals Cor Ltd 0.14 0% $24,931,016
G88 Golden Mile Res Ltd 0.023 0% $4,705,564
EPM Eclipse Metals 0.019 0% $38,460,880
EVR Ev Resources Ltd 0.021 0% $19,445,666
WC8 Wildcat Resources 0.028 0% $18,249,636
CZL Cons Zinc Ltd 0.022 0% $10,184,272
MXR Maximus Resources 0.045 0% $14,350,760
MM1 Midasmineralsltd 0.17 0% $9,712,400
M2R Miramar 0.093 0% $6,573,402
XTC Xantippe Res Ltd 0.007 0% $57,016,609
WMC Wiluna Mining Corp 0.205 0% $74,238,031
ZEO Zeotech Limited 0.036 0% $58,123,183
KTA Krakatoa Resources 0.059 0% $20,337,885
TYX Tyranna Res Ltd 0.033 0% $79,379,036
DAF Discovery Alaska Ltd 0.029 0% $6,502,806
FTL Firetail Resources 0.18 0% $11,700,000
AKE Allkem Limited 14.56 0% $9,303,431,475
LTR Liontown Resources 1.975 0% $4,348,941,993
IGO IGO Limited 15.925 0% $12,094,000,000
LLL Leolithiumlimited 0.58 -1% $577,194,294
LEL Lithenergy 0.905 -1% $55,037,250
LKE Lake Resources 1.0575 -1% $1,488,689,619
AZL Arizona Lithium Ltd 0.079 -1% $192,794,045
GLN Galan Lithium Ltd 1.52 -1% $469,037,617
AUN Aurumin 0.073 -1% $9,272,728
RIO Rio Tinto Limited 106.36 -2% $40,117,000,000
ZNC Zenith Minerals Ltd 0.3 -2% $105,152,495
OCN Oceanalithiumlimited 0.59 -2% $20,115,000
RDT Red Dirt Metals Ltd 0.545 -2% $184,664,682
MQR Marquee Resource Ltd 0.054 -2% $17,468,967
NMT Neometals Ltd 1.07 -2% $602,487,882
PGD Peregrine Gold 0.485 -2% $19,182,185
GSM Golden State Mining 0.048 -2% $5,733,696
DRE Dreadnought Resources Ltd 0.095 -2% $298,150,020
VUL Vulcan Energy 7.52 -2% $1,100,815,112
INR Ioneer Ltd 0.5675 -2% $1,217,036,195
EFE Eastern Resources 0.044 -2% $50,452,694
SRI Sipa Resources Ltd 0.044 -2% $9,226,116
LLI Loyal Lithium Ltd 0.595 -2% $28,511,400
FRS Forrestaniaresources 0.195 -3% $10,083,964
LIS Lisenergylimited 0.39 -3% $66,365,675
ARN Aldoro Resources 0.38 -3% $43,519,054
RGL Riversgold 0.038 -3% $30,275,741
LPD Lepidico Ltd 0.0185 -3% $145,117,653
LNR Lanthanein Resources 0.033 -3% $32,736,069
PLL Piedmont Lithium Inc 0.8675 -3% $472,175,866
SYA Sayona Mining Ltd 0.2275 -3% $1,953,816,471
WML Woomera Mining Ltd 0.0145 -3% $11,744,804
CXO Core Lithium 1.43 -4% $2,725,556,486
CAI Calidus Resources 0.385 -4% $175,112,682
A8G Australasian Metals 0.23 -4% $9,880,919
JRL Jindalee Resources 2.29 -5% $137,709,518
RAG Ragnar Metals Ltd 0.019 -5% $7,583,698
CY5 Cygnus Gold Limited 0.46 -5% $74,411,278
CRR Critical Resources 0.052 -5% $82,143,691
TKM Trek Metals Ltd 0.084 -6% $32,391,112
BNR Bulletin Res Ltd 0.125 -7% $39,499,799
EMH European Metals Hldg 0.72 -8% $92,881,841
AM7 Arcadia Minerals 0.24 -8% $12,141,452
MMC Mitremining 0.18 -8% $5,281,595
DAL Dalaroometalsltd 0.12 -8% $3,883,750
RAS Ragusa Minerals Ltd 0.175 -8% $25,121,448
GW1 Greenwing Resources 0.35 -9% $48,589,103
BMM Balkanminingandmin 0.31 -11% $15,053,765
TKL Traka Resources 0.005 -17% $4,132,647
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46 companies closed in the green, 41 fell flat and 46 tumbled into the red zone.

 

Who’s got news out?

SAYONA MINING (ASX:SYA)

SYA has moved to acquire another 985km2 near its Moblan lithium project from TSX-listed Troilus Gold to boost to the company’s emerging northern lithium hub in Quebec, Canada.

Hot on the heels of the recent acquisition of the Vallee lithium project announced yesterday, SYA is paying C$40 million worth of SYA stock as consideration for the claims – which it says have not been extensively explored for lithium.

These claims also offer the potential for eastwards extensions to the Moblan mineralisation, as well as regional targets in the emerging lithium district.

“This is an investment in Sayona’s future production by acquiring nearly 1,000 square kilometres of prospective lithium acreage, more than 200 times the size of our current Moblan project,” managing director David Lynch says.

 

BURLEY MINERALS (ASX:BUR)

BUR is acquiring the Chubb Lithium Project in Quebec, Canada in the same neighbourhood as the major North American Lithium (NAL) operation co-owned by Sayona Mining (ASX:SYA) and Piedmont Lithium’s (ASX:PLL).

Burley says drilling at Chubb has confirmed the presence of spodumene-bearing lithium pegmatites in shallow, multiple parallel dykes extending along a strike of 560m and a corridor width of 240m.

The company has also expanded its lithium footprint in Western Australia with the acquisition of the Mt James and Dragon Projects in the central Gascoyne Region.

 

POWER MINERALS (ASX:PNN)

Global lithium supply chain group, Xiamen Xiangyu New Energy Co, has completed a successful bulk-sample test of brines from Power’s Salta Lithium Project in the lithium triangle of north-west Argentina.

The bulk-sample testing involved 40 litres of brine being extracted from each of the Incahuasi, Rincon and Pocitos salares at the Salta project.

This was then sent to Xiamen Xiangyu for its assessment of the bring quality, which it says is of “sufficient high quality” to progress its MoU.

Under the MoU, both parties will conduct due diligence and enter negotiations with a view to executing a binding off-take, funding and logistics agreement for the Salta Project.

The planning of a site visit by Xiamen Xiangyu management is now underway.

 

LITHIUM POWER INTERNATIONAL (ASX:LPI)

LPI has produced battery grade lithium carbonate with 99.2% purity from its Maricunga lithium production process, significantly exceeding the industry standard specifications.
A relevant test to measure the Loss of Ignition (LOI) was also conducted for 30 minutes at 500 °C, showing an LOI of 0.2%.

As a result, the purity after LOI was 99.72%.

Samples will now be sent to potential off-takers for due diligence as part of the ongoing Maricunga finance process.

 

MOHO RESOURCES (ASX:MOH)

A preliminary geochemical review has identified anomalous lithium in soils and streams within Moho’s Burracoppin Project specifically areas 1, 3,4 and 5.

Areas 1,3 and 4, which are situated in higher relief (nondrainage) areas, have soil lithium values >20 ppm and are considered anomalous.

Areas 8-11 are situated in low relief drainage areas and are not regarded as significant at this stage.

MOH says the lithium anomalies are reinforced by soils and streams anomalous in caesium, rubidium, beryllium and niobium which are present at many LCT (lithium caesium tantalum) pegmatites.

Next steps include field mapping, further soil sampling and geochemical analysis over areas with high lithium and REE prospectivity to define drill targets.

 

SYA,BUR,PNN,LPI,MOH share prices today:

 

TEMPEST MINERALS (ASX:TEM)

Tempest and its wholly owned subsidiary, West Resource Ventures (WRV) – the holder of several lithium tenements in Western Australia – will proceed with a new IPO where WRV will be renamed Electra Minerals.

The new IPO will combine WRV’s Western Australian underexplored hard rock lithium exploration projects with the exciting Smith Creek lithium brine Property in Nevada USA.

WRV proposes to acquire Lithium of Nevada Pty Ltd (LON) which has a binding agreement with TSX-V listed Iconic Minerals Ltd for the rights to acquire up to 50% of the Smith Creek Project.

WRV (as Electra) intends to undertake an IPO in which WRV will seek investors to underpin a maximum of 10% of the pre IPO capital value and will then undertake a capital raising under a prospectus to raise approximately $10mn through the issue of WRV Shares.

“The demerging of the WA lithium assets is an exciting development and will be able to provide greater focus on these high-quality assets,” TEM chairman Brian Moller says.

 

CASSIUS MINING (ASX:CMD)

Cassius has identified multiple pegmatites during initial exploration at Target 1 within the Chenene Lithium Project in Tanzania.

“The discovery of extensive pegmatites at Chenene is extremely encouraging,” CMD chairman James Arkoudis says.

“The confirmed presence of lepidolite, a lithium-rich mica, at the gneiss-hosted Dulu pegmatites is cause for great optimism in the Target 1 assay results expected late December – as well as in the upcoming exploration in Target 2 in PL 11720 where the same geological units have been mapped.”

 

TEM,CMD share prices today:

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