Eye on Lithium: Sayona sells first spodumene, WA signs critical minerals research deal with battery giant Korea

Sayona reaches new milestone with the first saleable spodumene concentrate at NAL
Patriot receives firm commitments to raise C$50mn
Tambourah enters collaboration partnership with CSIRO to apply machine learning at Russian Jack lithium project

All your lithium news, Thursday March 16.

Western Australia’s McGowan Government signed an MoU with the Korea Institute of Geoscience and Mineral Resources on Wednesday to support research and development across the entire mining value chain with a particular focus on critical minerals.

While in the Republic of Korea, Mines and Petroleum Minister Bill Johnston witnessed the signing of the agreement as part of a McGowan Government mission to promote WA’s capabilities.

Another string added to the bow in the relationship between Western Australia and South Korea, with the signing of a research and development MoU to enhance the State’s chemical battery industry.
I was pleased to be at the ceremony in Seoul to see the Min…https://t.co/Tcclh73u1s

— Bill Johnston (@BillJohnstonMLA) March 15, 2023

KIGAM is a government-funded geoscience research organisation at the forefront of leading innovation in geoscience and technology solutions to respond to current global issues such as climate change.

“Transformational change is needed in how we find commodities, extract and process them, and convert them for use in manufacturing processes to support the global efforts in decarbonisation,” Mines and Petroleum Minister Bill Johnston said.

“This cooperation is an important step in developing a strong battery chemical industry in Western Australia, in partnership with the Korean industry.”

Here’s how ASX lithium stocks are tracking:

CODE	COMPANY	PRICE	% TODAY	MARKET CAP
A11	Atlantic Lithium	0.5	14%	$266,526,330
TMB	Tambourahmetals	0.097	13%	$3,542,563
THR	Thor Energy PLC	0.005	11%	$6,651,508
LRD	Lordresourceslimited	0.21	8%	$6,491,964
TON	Triton Min Ltd	0.031	7%	$40,100,741
1MC	Morella Corporation	0.0085	6%	$48,788,644
EPM	Eclipse Metals	0.017	6%	$32,448,957
MXR	Maximus Resources	0.035	6%	$10,528,840
VSR	Voltaic Strategic	0.018	6%	$5,224,104
INF	Infinity Lithium	0.105	5%	$46,259,209
MMC	Mitremining	0.23	5%	$7,916,722
SRI	Sipa Resources Ltd	0.024	4%	$5,247,637
M2R	Miramar	0.05	4%	$3,392,724
FTL	Firetail Resources	0.125	4%	$7,800,000
KZR	Kalamazoo Resources	0.145	4%	$20,974,712
ZEO	Zeotech Limited	0.06	3%	$95,160,929
SCN	Scorpion Minerals	0.065	3%	$21,779,490
LNR	Lanthanein Resources	0.0175	3%	$19,066,785
FG1	Flynngold	0.083	2%	$8,332,756
MTM	Mtmongerresources	0.1175	2%	$8,137,428
STM	Sunstone Metals Ltd	0.0315	2%	$81,233,839
LTR	Liontown Resources	1.4825	2%	$3,209,743,764
SYA	Sayona Mining Ltd	0.2175	1%	$1,906,979,796
EMH	European Metals Hldg	0.61	1%	$76,228,434
ADV	Ardiden Ltd	0.007	0%	$18,818,347
AVZ	AVZ Minerals Ltd	0.78	0%	$2,752,409,203
EUR	European Lithium Ltd	0.068	0%	$101,268,264
LPD	Lepidico Ltd	0.012	0%	$91,653,261
QPM	Queensland Pacific	0.1	0%	$174,634,792
RLC	Reedy Lagoon Corp.	0.006	0%	$3,400,318
TKL	Traka Resources	0.006	0%	$4,336,647
BMM	Balkanminingandmin	0.27	0%	$12,088,444
ARN	Aldoro Resources	0.23	0%	$25,969,833
AAJ	Aruma Resources Ltd	0.057	0%	$8,946,806
BYH	Bryah Resources Ltd	0.02	0%	$5,625,069
DTM	Dart Mining NL	0.038	0%	$5,913,581
EMS	Eastern Metals	0.062	0%	$2,421,994
RAG	Ragnar Metals Ltd	0.015	0%	$5,687,773
WCN	White Cliff Min Ltd	0.01	0%	$7,840,544
WML	Woomera Mining Ltd	0.012	0%	$11,473,935
KGD	Kula Gold Limited	0.019	0%	$6,863,026
LRS	Latin Resources Ltd	0.11	0%	$242,182,041
ENT	Enterprise Metals	0.008	0%	$5,640,646
KAI	Kairos Minerals Ltd	0.017	0%	$33,389,589
RMX	Red Mount Min Ltd	0.004	0%	$9,087,404
A8G	Australasian Metals	0.135	0%	$5,558,017
EFE	Eastern Resources	0.011	0%	$13,661,411
LSR	Lodestar Minerals	0.0045	0%	$7,822,968
AOA	Ausmon Resorces	0.005	0%	$4,846,447
VKA	Viking Mines Ltd	0.01	0%	$10,252,584
IPT	Impact Minerals	0.009	0%	$22,332,335
RGL	Riversgold	0.016	0%	$15,127,483
ZNC	Zenith Minerals Ltd	0.205	0%	$72,099,739
EVR	Ev Resources Ltd	0.015	0%	$14,039,761
WC8	Wildcat Resources	0.029	0%	$19,198,659
MNS	Magnis Energy Tech	0.315	0%	$305,654,417
MM1	Midasmineralsltd	0.15	0%	$8,569,765
WMC	Wiluna Mining Corp	0.205	0%	$74,238,031
AUN	Aurumin	0.031	0%	$5,541,505
ALY	Alchemy Resource Ltd	0.015	0%	$17,671,144
DAF	Discovery Alaska Ltd	0.03	0%	$6,727,041
IR1	Irismetals	1.16	0%	$74,506,800
DAL	Dalaroometalsltd	0.06	0%	$1,792,500
TUL	Tulla Resources	0.23	0%	$48,955,144
OCN	Oceanalithiumlimited	0.34	0%	$12,380,760
CMD	Cassius Mining Ltd	0.033	0%	$13,480,266
LLO	Lion One Metals Ltd	0.9	0%	$10,808,067
ESS	Essential Metals Ltd	0.4725	-1%	$127,094,180
WES	Wesfarmers Limited	48.555	-1%	$55,429,549,930
FRS	Forrestaniaresources	0.099	-1%	$6,089,130
KTA	Krakatoa Resources	0.031	-2%	$10,858,362
MRR	Minrex Resources Ltd	0.0265	-2%	$29,291,423
AKE	Allkem Limited	10.305	-2%	$6,708,163,065
BNR	Bulletin Res Ltd	0.093	-2%	$27,891,155
CAI	Calidus Resources	0.23	-2%	$103,294,447
AOU	Auroch Minerals Ltd	0.046	-2%	$20,108,721
VUL	Vulcan Energy	5.96	-2%	$873,520,983
NVA	Nova Minerals Ltd	0.435	-2%	$93,845,950
AM7	Arcadia Minerals	0.215	-2%	$10,273,536
TYX	Tyranna Res Ltd	0.0215	-2%	$52,941,357
PSC	Prospect Res Ltd	0.185	-3%	$87,829,298
RDT	Red Dirt Metals Ltd	0.37	-3%	$169,064,846
IGO	IGO Limited	12.09	-3%	$9,420,411,594
MIN	Mineral Resources.	78.2	-3%	$15,503,275,247
NWM	Norwest Minerals	0.033	-3%	$7,551,651
AS2	Askarimetalslimited	0.49	-3%	$24,996,252
PLS	Pilbara Min Ltd	3.57	-3%	$11,032,689,750
DRE	Dreadnought Resources Ltd	0.064	-3%	$217,386,063
LEL	Lithenergy	0.63	-3%	$39,097,500
LPI	Lithium Pwr Int Ltd	0.28	-3%	$182,438,292
PLL	Piedmont Lithium Inc	0.81	-4%	$363,534,360
LKE	Lake Resources	0.52	-4%	$766,770,140
RIO	Rio Tinto Limited	115.08	-4%	$44,378,898,384
PAT	Patriot Lithium	0.25	-4%	$15,765,751
NMT	Neometals Ltd	0.61	-4%	$350,990,647
AML	Aeon Metals Ltd.	0.024	-4%	$27,410,016
CXO	Core Lithium	0.825	-4%	$1,595,314,443
LLL	Leolithiumlimited	0.465	-4%	$478,528,602
AX8	Accelerate Resources	0.023	-4%	$9,062,442
TKM	Trek Metals Ltd	0.067	-4%	$25,476,156
WR1	Winsome Resources	1.545	-4%	$261,682,515
TEM	Tempest Minerals	0.022	-4%	$11,649,566
GLN	Galan Lithium Ltd	1.035	-5%	$333,003,214
MLS	Metals Australia	0.04	-5%	$25,495,520
INR	Ioneer Ltd	0.285	-5%	$629,501,480
CHR	Charger Metals	0.28	-5%	$12,895,739
LLI	Loyal Lithium Ltd	0.265	-5%	$16,657,200
JRL	Jindalee Resources	2.46	-5%	$149,185,312
LIT	Lithium Australia	0.035	-5%	$45,184,092
GSM	Golden State Mining	0.035	-5%	$4,329,526
CZL	Cons Zinc Ltd	0.017	-6%	$8,682,441
AGY	Argosy Minerals Ltd	0.57	-6%	$849,666,536
AZI	Altamin Limited	0.065	-6%	$27,028,456
G88	Golden Mile Res Ltd	0.016	-6%	$3,478,026
GL1	Globallith	1.285	-6%	$292,047,361
EMC	Everest Metals Corp	0.075	-6%	$8,514,649
CRR	Critical Resources	0.0375	-6%	$63,790,195
VMC	Venus Metals Cor Ltd	0.14	-7%	$26,711,802
CY5	Cygnus Metals Ltd	0.275	-7%	$54,242,893
ASN	Anson Resources Ltd	0.205	-7%	$268,148,559
RAS	Ragusa Minerals Ltd	0.082	-7%	$12,548,693
IMI	Infinitymining	0.165	-7%	$13,574,902
PAM	Pan Asia Metals	0.315	-7%	$52,735,901
GT1	Greentechnology	0.625	-7%	$128,748,415
LIS	Lisenergylimited	0.235	-8%	$42,308,118
MQR	Marquee Resource Ltd	0.022	-8%	$7,852,980
PNN	Power Minerals Ltd	0.355	-9%	$28,175,879
QXR	Qx Resources Limited	0.03	-9%	$29,596,457
SRZ	Stellar Resources	0.01	-9%	$11,050,940
AZL	Arizona Lithium Ltd	0.045	-10%	$122,125,232
XTC	Xantippe Res Ltd	0.0045	-10%	$52,900,498
GW1	Greenwing Resources	0.215	-10%	$35,582,128
SGQ	St George Min Ltd	0.059	-11%	$55,267,446
LRV	Larvottoresources	0.125	-14%	$9,751,935
PGD	Peregrine Gold	0.35	-14%	$15,932,151
CTN	Catalina Resources	0.005	-17%	$7,430,921
AVW	Avira Resources Ltd	0.002	-33%	$6,401,370

A total of 24 companies finished in the green, 43 fell flat, and 70 tumbled into the red zone.

WHO’S GOT NEWS OUT?

SAYONA MINING (ASX:SYA)

Sayona has reached a new milestone with the first saleable spodumene concentrate at its North American Lithium operation in Quebec, Canada.

Commissioning activities continue to progress, with roughly 1,200t of lithium concentrate produced, including SC6 (6% lithium grade).

Engineering is now progressing on the next sub-project, the crushed ore storage dome, with close expediting of engineering deliverables implemented.

PATRIOT BATTERY METALS (ASX:PMT)

Patriot will raise C$50m via private placement at an issue price of C$22.57 per share.

The issue price represents a 90% premium to the last closing price of Patriot shares on TSX-V on Monday, 13 March 2023.

PMT president and CEO Blair Way says the Corvette Property is shaping up as an extraordinary discovery and the strong support shown for this capital raising is a testament to that.

“We are now fully funded to undertake an expanded exploration, environmental and pre-feasibility study programs well into 2024 and continue to deliver our business plan without the fear of uncertain market conditions facing the world currently.

TAMBOURAH METALS (ASX:TMB)

Tambourah has entered a collaboration partnership with Australia’s national science agency, CSIRO, to apply machine learning using their hyperspectral dataset to define first pass exploration targets across the Russian Jack Lithium project.

The collaboration will be undertaken under the CSIRO Kick-Start program.

Tambourah says it has previously used hyperspectral data to identify significant swarms of possible L-C-T pegmatites at Russian Jack.

The pegmatite swarms cover an area of roughly 320km2 with some areas of terrain that is difficult to access.