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Eye on Lithium: Scientists can trace the origin of lithium batteries and their ESG credentials
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- Researchers say lithium’s atomic signature could be traced for ESG purposes
- Global Lithium Resources flags 24m at 1.03% lithium interval at Manna
- Winsome Resources starts surface stripping and mapping at Canadian Cancet project
All your ASX lithium news for Wednesday, August 10
Researchers have found a way to trace the origins of lithium to make sure producers are only using ethical sources for the metal.
We all know lithium is in high demand but so too is solid ESG credentials from the end consumers who buy electric vehicles.
Lithium has a less problematic supply chain than cobalt for example, but when vast quantities of water are used to extract lithium from ores it can lower groundwater levels and face the ire of indigenous communities – like when major producer Sociedad Química y Minera de Chile SA’s (NYSE:SQM) application to expand its operations was blocked by a Chilean court in 2019 after Indigenous groups protested that the company was overdrawing brine and affecting water reserves.
“It’s important to know the origin of lithium because, depending on where the lithium comes from, its exploitation can generate environmental or societal problems,” French Geological Survey researcher and study author Anne-Marie Desaulty told New Scientist.
“Water scarcity and human rights violations are major issues.”
Tracing lithium’s atomic signature
Lithium has two stable isotopes, and each source of lithium has unique ratios of these isotopes which act like a signature.
Desaulty and her team looked at studies of isotopic ratios of lithium collected from different mines and found that lithium obtained from brine deposits has a different isotopic signature from the lithium sourced from hard rock.
While the researchers couldn’t link the lithium in the batteries to specific locations without the reference samples, they think this could be done in future.
Car manufacturers like BMW, Tesla, and Volvo have already said they plan to increase the transparency of their supply chains for EV batteries.
And Desaulty says paper trails are easy to fake, so a reference database with comprehensive up-to-date data on available [lithium] products must be developed.
“Traded materials can be analysed to provide additional credibility to document-based traceability systems with due-diligence concepts for raw material supply chains,” the researchers said.
“Implementation of a certification system for lithium will boost the development of a responsible, sustainable and stable supply of raw materials for batteries.”
Here’s how ASX lithium stocks were tracking today:
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| Code | Company | Price | % Month | % Week | % Today | Market Cap |
|---|---|---|---|---|---|---|
| LNR | Lanthanein Resources | 0.029 | 81% | 81% | 21% | $20,107,813.68 |
| TYX | Tyranna Res Ltd | 0.0385 | 93% | 28% | 20% | $49,035,541.34 |
| KZR | Kalamazoo Resources | 0.26 | 21% | 18% | 16% | $32,668,734.15 |
| CHR | Charger Metals | 0.585 | 22% | 15% | 13% | $16,942,138.20 |
| WML | Woomera Mining Ltd | 0.018 | 0% | 20% | 13% | $10,989,329.06 |
| IR1 | Irismetals | 0.53 | 96% | 33% | 10% | $28,620,000.00 |
| EFE | Eastern Resources | 0.033 | 10% | 32% | 10% | $29,948,973.93 |
| ARN | Aldoro Resources | 0.29 | 76% | 38% | 9% | $26,390,639.01 |
| DRE | Dreadnought Resources Ltd | 0.087 | 89% | 28% | 9% | $243,282,684.08 |
| AX8 | Accelerate Resources | 0.038 | 27% | 3% | 9% | $9,466,061.47 |
| RLC | Reedy Lagoon Corp. | 0.017 | -15% | 31% | 6% | $8,918,830.59 |
| GL1 | Globallith | 1.805 | 51% | 29% | 6% | $270,580,526.48 |
| MMG | Monger Gold Ltd | 0.275 | 28% | 15% | 6% | $10,410,400.00 |
| SCN | Scorpion Minerals | 0.063 | -11% | -6% | 5% | $19,909,871.52 |
| XTC | Xantippe Res Ltd | 0.0105 | 17% | 31% | 5% | $80,560,902.13 |
| MMC | Mitremining | 0.115 | -4% | 0% | 5% | $2,979,361.00 |
| LKE | Lake Resources | 1.295 | 80% | 61% | 4% | $1,723,272,523.44 |
| LEL | Lithenergy | 1.08 | 44% | 13% | 4% | $46,730,250.00 |
| SYA | Sayona Mining Ltd | 0.27 | 80% | 50% | 4% | $2,157,407,820.10 |
| GW1 | Greenwing Resources | 0.28 | 30% | 27% | 4% | $33,276,784.23 |
| INF | Infinity Lithium | 0.15 | 36% | 11% | 3% | $60,176,894.57 |
| G88 | Golden Mile Res Ltd | 0.03 | 0% | 11% | 3% | $5,908,245.81 |
| RGL | Riversgold | 0.034 | 13% | 26% | 3% | $24,960,407.97 |
| CXO | Core Lithium | 1.44 | 52% | 28% | 3% | $2,426,765,740.00 |
| NMT | Neometals Ltd | 1.37 | 32% | 23% | 3% | $737,382,588.18 |
| EPM | Eclipse Metals | 0.0225 | 13% | 13% | 2% | $42,264,781.09 |
| MM1 | Midasmineralsltd | 0.24 | 23% | 33% | 2% | $13,425,964.54 |
| KTA | Krakatoa Resources | 0.058 | 9% | 18% | 2% | $19,648,465.27 |
| MLS | Metals Australia | 0.063 | 21% | 13% | 2% | $35,218,243.84 |
| AS2 | Askarimetalslimited | 0.405 | 62% | 37% | 1% | $18,027,708.00 |
| MQR | Marquee Resource Ltd | 0.084 | 17% | 24% | 1% | $26,196,259.14 |
| LTR | Liontown Resources | 1.715 | 68% | 29% | 1% | $3,715,821,710.61 |
| FG1 | Flynngold | 0.088 | -32% | -10% | 1% | $5,573,311.35 |
| LLL | Leolithiumlimited | 0.495 | 4% | 9% | 1% | $483,461,886.88 |
| INR | Ioneer Ltd | 0.69 | 50% | 30% | 1% | $1,437,221,842.06 |
| AKE | Allkem Limited | 12.13 | 16% | 9% | 1% | $7,683,779,936.30 |
| RIO | Rio Tinto Limited | 99.42 | 2% | 2% | 0% | $36,895,179,509.46 |
| ADV | Ardiden Ltd | 0.009 | 29% | 13% | 0% | $24,015,018.20 |
| AGY | Argosy Minerals Ltd | 0.405 | 19% | 11% | 0% | $552,853,028.43 |
| AML | Aeon Metals Ltd. | 0.029 | 0% | 4% | 0% | $31,709,492.42 |
| ASN | Anson Resources Ltd | 0.15 | 36% | 25% | 0% | $154,186,850.25 |
| AVZ | AVZ Minerals Ltd | 0.78 | 0% | 0% | 0% | $2,752,409,203.44 |
| EMH | European Metals Hldg | 0.78 | 13% | 12% | 0% | $93,367,666.08 |
| LIT | Lithium Australia | 0.084 | 20% | 18% | 0% | $86,974,383.30 |
| TKL | Traka Resources | 0.007 | 17% | 17% | 0% | $4,821,421.93 |
| BMM | Balkanminingandmin | 0.2 | 14% | -9% | 0% | $6,550,000.00 |
| AM7 | Arcadia Minerals | 0.155 | 3% | 7% | 0% | $7,238,173.26 |
| BYH | Bryah Resources Ltd | 0.029 | -9% | 0% | 0% | $6,560,008.08 |
| EMS | Eastern Metals | 0.15 | 0% | 7% | 0% | $5,798,437.50 |
| IMI | Infinitymining | 0.135 | -4% | 4% | 0% | $7,762,500.00 |
| LRV | Larvottoresources | 0.24 | 7% | 12% | 0% | $9,967,800.00 |
| RAG | Ragnar Metals Ltd | 0.046 | 12% | 10% | 0% | $17,442,504.89 |
| TMB | Tambourahmetals | 0.175 | 25% | 0% | 0% | $7,208,704.65 |
| TEM | Tempest Minerals | 0.047 | -6% | 21% | 0% | $23,724,010.27 |
| TSC | Twenty Seven Co. Ltd | 0.003 | 0% | 0% | 0% | $7,982,441.72 |
| WCN | White Cliff Min Ltd | 0.014 | -7% | 17% | 0% | $9,150,447.07 |
| KAI | Kairos Minerals Ltd | 0.033 | 50% | 22% | 0% | $64,749,085.20 |
| RMX | Red Mount Min Ltd | 0.0065 | 30% | 0% | 0% | $10,675,365.08 |
| CAI | Calidus Resources | 0.765 | 21% | 8% | 0% | $311,990,682.87 |
| LSR | Lodestar Minerals | 0.007 | 0% | 0% | 0% | $12,169,061.44 |
| AOA | Ausmon Resorces | 0.0055 | -8% | 10% | 0% | $4,715,091.39 |
| VKA | Viking Mines Ltd | 0.007 | 0% | 0% | 0% | $7,176,809.02 |
| IPT | Impact Minerals | 0.008 | 0% | 14% | 0% | $19,850,964.45 |
| SRI | Sipa Resources Ltd | 0.044 | 10% | 10% | 0% | $9,021,091.33 |
| VMC | Venus Metals Cor Ltd | 0.175 | 3% | 0% | 0% | $28,013,769.53 |
| RAS | Ragusa Minerals Ltd | 0.091 | 11% | 23% | 0% | $11,441,990.20 |
| EVR | Ev Resources Ltd | 0.032 | 0% | 14% | 0% | $29,631,490.27 |
| WC8 | Wildcat Resources | 0.027 | 8% | 17% | 0% | $17,422,363.63 |
| THR | Thor Mining PLC | 0.0095 | -5% | -5% | 0% | $10,217,861.71 |
| MXR | Maximus Resources | 0.06 | 28% | 18% | 0% | $19,074,346.08 |
| WMC | Wiluna Mining Corp | 0.205 | -7% | 0% | 0% | $74,238,030.68 |
| ALY | Alchemy Resource Ltd | 0.015 | -6% | 7% | 0% | $14,296,110.86 |
| DAF | Discovery Alaska Ltd | 0.042 | -5% | -2% | 0% | $9,417,857.32 |
| TKM | Trek Metals Ltd | 0.065 | 16% | 8% | 0% | $20,189,659.75 |
| CY5 | Cygnus Gold Limited | 0.2 | 25% | -8% | 0% | $29,437,063.00 |
| PLS | Pilbara Min Ltd | 2.99 | 27% | 9% | 0% | $8,930,545,152.00 |
| VUL | Vulcan Energy | 8.8 | 53% | 23% | -1% | $1,268,517,413.85 |
| IGO | IGO Limited | 11.86 | 19% | 10% | -1% | $9,034,205,009.09 |
| WES | Wesfarmers Limited | 47.28 | 6% | -1% | -1% | $53,936,780,311.94 |
| NVA | Nova Minerals Ltd | 0.785 | 6% | -10% | -1% | $142,359,805.15 |
| TUL | Tulla Resources | 0.515 | -6% | -8% | -1% | $83,312,773.44 |
| M2R | Miramar | 0.099 | -1% | -6% | -1% | $6,418,666.30 |
| PAM | Pan Asia Metals | 0.455 | 12% | 28% | -1% | $34,003,311.32 |
| MIN | Mineral Resources. | 59.18 | 26% | 11% | -1% | $11,350,799,592.73 |
| LIS | Lisenergylimited | 0.715 | 30% | 2% | -1% | $120,287,785.58 |
| MRR | Minrex Resources Ltd | 0.056 | 56% | 12% | -2% | $60,428,376.78 |
| LRD | Lordresourceslimited | 0.26 | 18% | 24% | -2% | $8,422,924.57 |
| GSM | Golden State Mining | 0.051 | 24% | -2% | -2% | $6,053,908.59 |
| OCN | Oceanalithiumlimited | 0.5 | 39% | 14% | -2% | $17,097,750.00 |
| FTL | Firetail Resources | 0.245 | 4% | 4% | -2% | $15,445,625.00 |
| PGD | Peregrine Gold | 0.71 | 69% | 69% | -2% | $27,758,064.13 |
| LRS | Latin Resources Ltd | 0.092 | 26% | 30% | -2% | $182,908,405.02 |
| STM | Sunstone Metals Ltd | 0.046 | 0% | 0% | -2% | $122,032,981.69 |
| AZI | Altamin Limited | 0.088 | -7% | -7% | -2% | $35,254,507.68 |
| 1MC | Morella Corporation | 0.0205 | 3% | 21% | -2% | $118,150,493.71 |
| NWM | Norwest Minerals | 0.039 | 26% | -3% | -3% | $7,224,295.48 |
| JRL | Jindalee Resources | 2.67 | -9% | 6% | -3% | $157,218,366.84 |
| PLL | Piedmont Lithium Inc | 0.72 | 31% | 15% | -3% | $390,402,392.00 |
| ESS | Essential Metals Ltd | 0.505 | 33% | 12% | -3% | $128,347,996.40 |
| GLN | Galan Lithium Ltd | 1.33 | 27% | 17% | -3% | $417,203,416.17 |
| AZL | Arizona Lithium Ltd | 0.091 | 1% | 26% | -3% | $226,063,002.73 |
| LPI | Lithium Pwr Int Ltd | 0.605 | 33% | 21% | -3% | $218,215,530.00 |
| AUN | Aurumin | 0.15 | 30% | 7% | -3% | $16,929,604.06 |
| LPD | Lepidico Ltd | 0.029 | 7% | 0% | -3% | $195,215,145.99 |
| QPM | Queensland Pacific | 0.145 | 12% | 0% | -3% | $234,541,969.65 |
| ZNC | Zenith Minerals Ltd | 0.29 | 16% | -12% | -3% | $103,428,683.70 |
| TON | Triton Min Ltd | 0.027 | 59% | 0% | -4% | $35,245,956.96 |
| CRR | Critical Resources | 0.054 | 32% | 20% | -4% | $83,328,853.38 |
| KGD | Kula Gold Limited | 0.027 | -2% | 1% | -4% | $6,024,917.70 |
| CZL | Cons Zinc Ltd | 0.024 | 20% | 14% | -4% | $9,683,945.33 |
| RDT | Red Dirt Metals Ltd | 0.43 | 12% | 6% | -4% | $137,049,491.70 |
| ZEO | Zeotech Limited | 0.06 | 28% | -8% | -5% | $96,069,674.61 |
| AAJ | Aruma Resources Ltd | 0.076 | 17% | 36% | -5% | $12,556,920.24 |
| QXR | Qx Resources Limited | 0.038 | 23% | 36% | -5% | $34,374,492.84 |
| A8G | Australasian Metals | 0.275 | 28% | 15% | -5% | $11,939,443.26 |
| GT1 | Greentechnology | 0.705 | 26% | 16% | -5% | $137,280,884.04 |
| PNN | Power Minerals Ltd | 0.565 | 36% | 26% | -6% | $36,910,119.00 |
| SHH | Shree Minerals Ltd | 0.008 | 0% | -11% | -6% | $10,527,138.58 |
| SRZ | Stellar Resources | 0.016 | -11% | 0% | -6% | $14,268,144.64 |
| MNS | Magnis Energy Tech | 0.3575 | 15% | 13% | -6% | $368,725,963.54 |
| PSC | Prospect Res Ltd | 0.13 | 167% | -4% | -7% | $64,716,324.68 |
| DTM | Dart Mining NL | 0.065 | 0% | -13% | -7% | $9,468,211.20 |
| WR1 | Winsome Resources | 0.26 | 30% | 44% | -7% | $37,831,918.32 |
| BNR | Bulletin Res Ltd | 0.13 | 13% | 24% | -7% | $40,962,754.00 |
| EUR | European Lithium Ltd | 0.087 | 40% | 12% | -8% | $133,022,721.63 |
| DAL | Dalaroometalsltd | 0.099 | -10% | -10% | -10% | $3,286,250.00 |
| FRS | Forrestaniaresources | 0.155 | 3% | -3% | -14% | $5,595,534.72 |
| AOU | Auroch Minerals Ltd | 0.0705 | 2% | 10% | -14% | $30,315,547.52 |
| ENT | Enterprise Metals | 0.012 | 20% | 0% | -14% | $9,141,729.63 |
| AVW | Avira Resources Ltd | 0.003 | 0% | -14% | -14% | $7,415,765.00 |
| MTM | Mtmongerresources | 0.1 | -17% | 0% | -23% | $4,876,304.29 |
Only 36 stocks were in the green, 40 were flat and 55 were red.
Who has news out today?
GLOBAL LITHIUM RESOURCES (ASX:GL1)
The company has flagged the largest single interval to date at its Manna project in WA of 24m at 1.03% lithium – including 11m at 1.37% Li2O from 164m and 6m at 1.27% Li2O from 177m.
The RC drilling also returned results which extend the northern strike by 220m from the existing assay results.
The RC drilling program is currently focused to drill out this extended area so that results can be included in the updated Mineral Resource Estimate (MRE), which the company plans to release in Q4 2022.
An additional Program of Works (POW) has been submitted to the Mines Department to cover off the expanded exploration program.
Breaker Resources (ASX:BRB) also welcomed the results, since Manna sits within their 1.7Moz Lake Roe Gold Project, and the company retains a 20% free-carried interest in the project – with Global Lithium carrying all costs and expenditure to completion of a positive bankable feasibility study (BFS).
At the company’s Cancet project in Canada, surface stripping and mapping of the main pegmatite duke has started, with new drill targets for the upcoming autumn/winter campaign expected to be generated soon.
“Exposing sections of the main pegmatite dyke and carrying out channel sampling will help us build a clearer understanding of the highly prospective area,” MD Chris Evans said.
Plus, Winsome has nabbed a heli-portable reverse circulation (RC) and diamond drill rigs for its autumn exploration programs at Cancet and Adina.
Phase II RC drilling program at the Niobe rubidium-lithium project with multiple 50 meter+ pegmatite intervals intersected.
The target of the drilling is a possible extension of the Breakaway pegmatite towards Niobe flats, as well as infill drilling at the Niobe Main pegmatite to assess the high-level resource potential of the contained lithium and rubidium within the Q1 completed drilling envelope at Niobe.
GL1, WR1 and ARN share prices today:
