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Mining
All your lithium news, Thursday November 24.
Goldman Sachs believes the United States and Europe could both end reliance on Chinese EV batteries by 2030 putting Sayona Mining (ASX:SYA) in a prime position as it closes in on a restart of its North American Lithium (NAL) operation Québec, Canada.
The operation is on track to recommence production in Q1 2023 with both procurement and permitting activities nearing the finish line and construction activities ramping up.
Mining contractors L.Fournier & Fils started operations in October with work underway and necessary equipment and personnel mobilised on site.
Sayona is also targeting an expansion of NAL’s future mine production capacity following the recent acquisition of 48 new claims spanning nearly 2,000ha adjacent to NAL.
“With lithium demand continuing to increase and supply remaining constrained, we are focused on achieving our targets as we build the largest lithium resource base in North America,” SYA managing director Brett Lynch says.
Goldman Sachs says U.S., Europe could end reliance on Chinese EV batteries by 2030 -FT https://t.co/7DS6rXSfDo pic.twitter.com/GSlvXwbnPN
— Reuters (@Reuters) November 22, 2022
| CODE | COMPANY | PRICE | % TODAY | MARKET CAP |
|---|---|---|---|---|
| LSR | Lodestar Minerals | 0.007 | 56% | $7,822,968 |
| AOU | Auroch Minerals Ltd | 0.078 | 50% | $19,297,814 |
| TSC | Twenty Seven Co. Ltd | 0.002 | 33% | $7,982,442 |
| AX8 | Accelerate Resources | 0.035 | 21% | $9,019,804 |
| RAG | Ragnar Metals Ltd | 0.017 | 13% | $5,687,773 |
| ENT | Enterprise Metals | 0.01 | 11% | $5,876,826 |
| PNN | Power Minerals Ltd | 0.675 | 10% | $44,376,575 |
| MM1 | Midasmineralsltd | 0.175 | 9% | $9,141,082 |
| SRZ | Stellar Resources | 0.013 | 8% | $12,055,571 |
| WR1 | Winsome Resources | 1.105 | 8% | $142,671,822 |
| JRL | Jindalee Resources | 2.27 | 7% | $121,643,408 |
| IMI | Infinitymining | 0.385 | 7% | $22,722,750 |
| TYX | Tyranna Res Ltd | 0.031 | 7% | $69,757,334 |
| THR | Thor Mining PLC | 0.009 | 6% | $9,374,510 |
| STM | Sunstone Metals Ltd | 0.038 | 6% | $94,336,071 |
| AUN | Aurumin | 0.077 | 5% | $9,694,921 |
| EVR | Ev Resources Ltd | 0.021 | 5% | $18,519,681 |
| ARN | Aldoro Resources | 0.365 | 4% | $39,370,561 |
| M2R | Miramar | 0.1 | 4% | $6,785,447 |
| ALY | Alchemy Resource Ltd | 0.026 | 4% | $29,451,906 |
| TON | Triton Min Ltd | 0.027 | 4% | $35,952,389 |
| WML | Woomera Mining Ltd | 0.014 | 4% | $12,684,388 |
| TEM | Tempest Minerals | 0.029 | 4% | $14,133,453 |
| RDT | Red Dirt Metals Ltd | 0.58 | 4% | $186,328,327 |
| SYA | Sayona Mining Ltd | 0.2225 | 3% | $1,832,062,307 |
| ZNC | Zenith Minerals Ltd | 0.31 | 3% | $103,653,684 |
| CY5 | Cygnus Gold Limited | 0.485 | 3% | $76,423,472 |
| WC8 | Wildcat Resources | 0.033 | 3% | $20,856,727 |
| LPD | Lepidico Ltd | 0.0175 | 3% | $129,842,111 |
| RGL | Riversgold | 0.036 | 3% | $33,091,370 |
| GW1 | Greenwing Resources | 0.365 | 3% | $44,802,939 |
| LEL | Lithenergy | 0.935 | 3% | $54,736,500 |
| LIS | Lisenergylimited | 0.3925 | 2% | $63,876,962 |
| MQR | Marquee Resource Ltd | 0.053 | 2% | $16,516,114 |
| BMM | Balkanminingandmin | 0.295 | 2% | $12,473,119 |
| LNR | Lanthanein Resources | 0.0335 | 2% | $31,773,244 |
| RIO | Rio Tinto Limited | 107.04 | 1% | $39,163,310,577 |
| LTR | Liontown Resources | 2.095 | 1% | $4,546,621,175 |
| AS2 | Askarimetalslimited | 0.445 | 1% | $21,709,214 |
| NMT | Neometals Ltd | 1.05 | 1% | $574,850,823 |
| GL1 | Globallith | 2.46 | 1% | $508,003,745 |
| LKE | Lake Resources | 1.0525 | 1% | $1,453,907,151 |
| AZL | Arizona Lithium Ltd | 0.0765 | 1% | $183,154,343 |
| GLN | Galan Lithium Ltd | 1.55 | 1% | $469,037,617 |
| IGO | IGO Limited | 15.975 | 0% | $12,078,421,617 |
| ADV | Ardiden Ltd | 0.009 | 0% | $24,015,018 |
| 1MC | Morella Corporation | 0.018 | 0% | $104,428,004 |
| AML | Aeon Metals Ltd. | 0.029 | 0% | $31,795,618 |
| AVZ | AVZ Minerals Ltd | 0.78 | 0% | $2,752,409,203 |
| EMH | European Metals Hldg | 0.745 | 0% | $88,714,066 |
| ESS | Essential Metals Ltd | 0.425 | 0% | $110,059,670 |
| INR | Ioneer Ltd | 0.56 | 0% | $1,175,069,430 |
| LIT | Lithium Australia | 0.05 | 0% | $61,059,584 |
| MLS | Metals Australia | 0.049 | 0% | $29,744,773 |
| PLL | Piedmont Lithium Inc | 0.875 | 0% | $461,624,450 |
| PSC | Prospect Res Ltd | 0.17 | 0% | $78,584,109 |
| RLC | Reedy Lagoon Corp. | 0.012 | 0% | $6,689,123 |
| TKL | Traka Resources | 0.006 | 0% | $4,132,647 |
| CHR | Charger Metals | 0.58 | 0% | $25,291,500 |
| AAJ | Aruma Resources Ltd | 0.079 | 0% | $12,399,959 |
| PAM | Pan Asia Metals | 0.465 | 0% | $68,287,849 |
| AM7 | Arcadia Minerals | 0.255 | 0% | $11,907,962 |
| BYH | Bryah Resources Ltd | 0.026 | 0% | $7,312,590 |
| DTM | Dart Mining NL | 0.07 | 0% | $10,868,211 |
| EMS | Eastern Metals | 0.098 | 0% | $3,828,312 |
| FG1 | Flynngold | 0.12 | 0% | $7,687,326 |
| LRV | Larvottoresources | 0.185 | 0% | $9,232,518 |
| MMC | Mitremining | 0.22 | 0% | $5,958,722 |
| SHH | Shree Minerals Ltd | 0.009 | 0% | $11,146,382 |
| TMB | Tambourahmetals | 0.145 | 0% | $5,972,927 |
| WCN | White Cliff Min Ltd | 0.017 | 0% | $12,709,257 |
| CRR | Critical Resources | 0.055 | 0% | $82,143,691 |
| LRS | Latin Resources Ltd | 0.13 | 0% | $261,033,571 |
| KZR | Kalamazoo Resources | 0.24 | 0% | $35,716,650 |
| KAI | Kairos Minerals Ltd | 0.029 | 0% | $56,958,711 |
| PGD | Peregrine Gold | 0.46 | 0% | $17,825,869 |
| NVA | Nova Minerals Ltd | 0.7 | 0% | $128,562,893 |
| BNR | Bulletin Res Ltd | 0.12 | 0% | $35,110,932 |
| RMX | Red Mount Min Ltd | 0.005 | 0% | $8,211,819 |
| CAI | Calidus Resources | 0.365 | 0% | $159,790,322 |
| MRR | Minrex Resources Ltd | 0.043 | 0% | $46,592,293 |
| EFE | Eastern Resources | 0.041 | 0% | $46,448,184 |
| NWM | Norwest Minerals | 0.057 | 0% | $12,660,121 |
| AOA | Ausmon Resorces | 0.0065 | 0% | $5,572,381 |
| VKA | Viking Mines Ltd | 0.01 | 0% | $10,252,584 |
| SRI | Sipa Resources Ltd | 0.042 | 0% | $9,533,408 |
| G88 | Golden Mile Res Ltd | 0.023 | 0% | $4,705,564 |
| EPM | Eclipse Metals | 0.019 | 0% | $38,460,880 |
| CZL | Cons Zinc Ltd | 0.021 | 0% | $9,721,350 |
| MXR | Maximus Resources | 0.043 | 0% | $13,712,948 |
| XTC | Xantippe Res Ltd | 0.007 | 0% | $57,016,609 |
| LLI | Loyal Lithium Ltd | 0.55 | 0% | $25,707,000 |
| WMC | Wiluna Mining Corp | 0.205 | 0% | $74,238,031 |
| ZEO | Zeotech Limited | 0.036 | 0% | $58,123,183 |
| DAF | Discovery Alaska Ltd | 0.03 | 0% | $6,727,041 |
| FTL | Firetail Resources | 0.17 | 0% | $11,050,000 |
| DAL | Dalaroometalsltd | 0.115 | 0% | $3,435,625 |
| OCN | Oceanalithiumlimited | 0.525 | 0% | $18,073,125 |
| CMD | Cassius Mining Ltd | 0.03 | 0% | $12,112,227 |
| WES | Wesfarmers Limited | 48.915 | 0% | $55,512,818,248 |
| AKE | Allkem Limited | 14.6 | 0% | $9,335,314,379 |
| MIN | Mineral Resources. | 86.66 | 0% | $16,493,805,873 |
| VUL | Vulcan Energy | 7.26 | 0% | $1,044,914,344 |
| IR1 | Irismetals | 1.815 | -1% | $114,482,250 |
| LPI | Lithium Pwr Int Ltd | 0.525 | -1% | $207,336,597 |
| DRE | Dreadnought Resources Ltd | 0.093 | -1% | $288,928,886 |
| PLS | Pilbara Min Ltd | 4.855 | -1% | $14,733,584,997 |
| MNS | Magnis Energy Tech | 0.365 | -1% | $359,022,649 |
| AGY | Argosy Minerals Ltd | 0.62 | -2% | $884,776,724 |
| KTA | Krakatoa Resources | 0.06 | -2% | $21,027,305 |
| A11 | Atlantic Lithium | 0.885 | -2% | $545,167,494 |
| GSM | Golden State Mining | 0.056 | -2% | $6,669,810 |
| MTM | Mtmongerresources | 0.098 | -2% | $3,751,003 |
| CXO | Core Lithium | 1.42 | -2% | $2,665,563,158 |
| TKM | Trek Metals Ltd | 0.087 | -2% | $32,391,112 |
| SCN | Scorpion Minerals | 0.077 | -3% | $26,362,789 |
| TUL | Tulla Resources | 0.385 | -3% | $79,234,130 |
| INF | Infinity Lithium | 0.18 | -3% | $81,821,132 |
| FRS | Forrestaniaresources | 0.175 | -3% | $9,075,568 |
| KGD | Kula Gold Limited | 0.033 | -3% | $12,281,205 |
| ASN | Anson Resources Ltd | 0.2375 | -3% | $288,094,030 |
| LLL | Leolithiumlimited | 0.555 | -3% | $567,327,724 |
| RAS | Ragusa Minerals Ltd | 0.135 | -4% | $18,510,541 |
| GT1 | Greentechnology | 1.055 | -4% | $208,858,540 |
| QPM | Queensland Pacific | 0.1775 | -4% | $323,074,366 |
| IPT | Impact Minerals | 0.009 | -5% | $23,573,020 |
| LRD | Lordresourceslimited | 0.265 | -5% | $9,319,694 |
| EUR | European Lithium Ltd | 0.088 | -5% | $134,779,243 |
| QXR | Qx Resources Limited | 0.0605 | -5% | $56,439,189 |
| AZI | Altamin Limited | 0.094 | -6% | $39,171,675 |
| VMC | Venus Metals Cor Ltd | 0.15 | -6% | $28,492,589 |
| A8G | Australasian Metals | 0.215 | -9% | $9,675,066 |
| AVW | Avira Resources Ltd | 0.003 | -14% | $7,468,265 |
44 lithium companies finished in the green, 59 fell flat and 30 tumbled into the red.
LSR flew out of the gate in early morning trade with shares gaining some 75% after announcing high-grade lithium results at the Nepean Project in WA.
Drilling intersected pegmatite-hosted mineralisation in the northern area of the Nepean JV tenements returning 6m at 1.38% Li2O from 198m, including 2m at 3.26% Li2O from 198m.
In an important breakthrough, LSR says the lithium-bearing mineral is identified as spodumene, differentiating this pegmatite from the nearby Lepidolite Hill deposit and highlighting the potential for spodumene-bearing pegmatites within the wider Coolgardie greenstone terrane.
Geological mapping and sampling to locate surface expressions of the pegmatite will begin and additional RC drilling is planned.
Numerous outcropping pegmatites have been identified at Accelerate’s East Pilbara lithium project.
Four large pegmatite bodies have been discovered within the potential “Goldilocks Zone”, each striking at least 300m and 20m to 40m wide.
Around 14 smaller outcropping pegmatites have also been discovered – small, individual pegmatite veins and pods were also common, AX8 says.
Results (due in January) from the current program will be used to prioritise the targets for follow-up mapping and sampling in early 2023, and to progress to the drilling stage.
WSR has completed negotiations to enter an option agreement over the Mindoolah Lithium-Gold Project around 70km west of Cue in WA – which sent shares in the company surging some 60% this morning.
Westar has also executed an agreement for the sale of the Gidgee South Project, located approximately 60km north of the town of Sandstone with Aurumin (ASX:AUN).
The agreement over the Mindoolah tenure and divestment of Gidgee South are aligned to Westar’s exploration strategy of exploring for company making assets in areas of known mineralisation.
Here, initial exploration work will focus on recently identified mapped outcrops of pegmatites over several kilometres of strike, with no sampling for LCT mineralisation.
“In the background, we will refine the potential priority targets for gold exploration,” WSR managing director Karl Jupp says.
JRL has hit ‘outstanding’ intersections in all six holes at the Mcdermitt Lithium Project with grades up to 23.4m at 176ppm Li from 133.6m, including 6m at 2211ppm Li from 140.2m.
Mineralised intercepts in MDD025 extend from 21.4m to 203.6m with the thickness of mineralised sediments (182.2m at 1197 ppm Li from 21.4m) suggesting excellent potential for substantial tonnage increases on the western side of the deposit.
LRS has recommenced field work at the Catamarca Lithium Project in Argentina to develop further understanding of this fertile pegmatite system.
The company plans to do this through systematic mapping of the spodumene occurrences, coupled with detailed surface sampling to define follow-up drill targets.
In parallel with this work, LRS will also re-establish its link with the wider Catamarca regional community though a program of ongoing and sustained community consultation via a network of local community representatives.
Maiden drilling has wrapped up at the Tambourah South Lithium Project – a total of 21 RC holes were completed for 1,812m.
Over 41 individual pegmatite units containing visual lepidolite and spodumene were logged in 18 of the 21 holes with pegmatite intervals varying from 1m up to 35m.
Drill samples have been sent to a laboratory for analysis.
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