Eye on Lithium: This lithium junior stole the limelight with a 324pc resources boost
Pic: Getty Images
- ASN shares soar on big increase to JORC resources at Paradox lithium project
- A8G’s soil geo-chem results highlight lithium targets at Mt Peak
- GT1’s latest diamond drilling results increases mineralised volumes and grade at North Aubry
All your ASX lithium news for Monday, August 22.
Junior mineral resources company Anson Resources (ASX:ASN) has fingers in several pies but its core asset is the ‘Paradox’ Lithium Brine project in southern Utah, USA.
The company has today lifted its JORC resource by 324% to 788,300t of lithium carbonate equivalent (LCE), paving the way for development.
Bromine resources have also received a 248% boost to 3.5Mt (1.2Mt in the indicated category).
ASN says this increase is due entirely to the result from one well, the Long Canyon No.2 well which returned stronger than expected lithium grades earlier this month.
The assaying of brines from the Clastic Zones at the Long Canyon No.2 Well returned a 70% increase in grades of up to 191 part per million lithium, 3,862pppm bromine and 1,123ppm boron.
ASN said the results were proof that brine reservoir can flow without the use of pumping while also reducing the cost of extraction while increasing the producible life at Paradox.
Shares have jumped as high as 38% on the news.
Here’s how ASX lithium stocks were tracking today:
| CODE | COMPANY | PRICE | % MONTH | % WEEK | % TODAY | MARKET CAP |
|---|---|---|---|---|---|---|
| ASN | Anson Resources Ltd | 0.1875 | 44% | 25% | 29% | $149,047,288.58 |
| RAS | Ragusa Minerals Ltd | 0.245 | 210% | 75% | 29% | $24,193,605.73 |
| NWM | Norwest Minerals | 0.057 | 84% | 36% | 24% | $8,307,939.80 |
| FTL | Firetail Resources | 0.305 | 45% | 20% | 17% | $16,063,450.00 |
| TSC | Twenty Seven Co. Ltd | 0.0035 | 40% | 17% | 17% | $7,982,441.72 |
| IR1 | Irismetals | 0.89 | 263% | 41% | 15% | $46,399,250.00 |
| GSM | Golden State Mining | 0.063 | 31% | 5% | 15% | $6,435,781.22 |
| FRS | Forrestaniaresources | 0.16 | 7% | -3% | 10% | $4,837,389.08 |
| EPM | Eclipse Metals | 0.022 | 22% | -8% | 10% | $38,422,528.26 |
| TKM | Trek Metals Ltd | 0.076 | 29% | 7% | 7% | $22,053,320.65 |
| QPM | Queensland Pacific | 0.16 | 19% | 10% | 7% | $234,541,969.65 |
| ADV | Ardiden Ltd | 0.0085 | 42% | -6% | 6% | $21,346,682.85 |
| IMI | Infinitymining | 0.17 | 31% | 13% | 6% | $9,200,000.00 |
| NVA | Nova Minerals Ltd | 0.9 | 26% | 8% | 6% | $153,171,942.25 |
| PSC | Prospect Res Ltd | 0.105 | 116% | -13% | 5% | $46,225,946.20 |
| MNS | Magnis Energy Tech | 0.45 | 53% | -2% | 5% | $417,242,537.69 |
| AZI | Altamin Limited | 0.086 | -9% | -3% | 4% | $32,512,490.42 |
| TON | Triton Min Ltd | 0.029 | 66% | 7% | 4% | $35,245,956.96 |
| EMS | Eastern Metals | 0.15 | 15% | -9% | 3% | $5,605,156.25 |
| PLS | Pilbara Min Ltd | 3.15 | 33% | 1% | 3% | $9,079,387,571.20 |
| VMC | Venus Metals Cor Ltd | 0.175 | 9% | 0% | 3% | $27,213,376.11 |
| SYA | Sayona Mining Ltd | 0.2775 | 85% | 1% | 3% | $2,240,671,461.84 |
| TUL | Tulla Resources | 0.5325 | -3% | 0% | 2% | $83,312,773.44 |
| CY5 | Cygnus Gold Limited | 0.23 | 53% | -8% | 2% | $33,116,695.88 |
| RAG | Ragnar Metals Ltd | 0.047 | 31% | -2% | 2% | $17,442,504.89 |
| PAM | Pan Asia Metals | 0.485 | 28% | 4% | 2% | $35,112,114.95 |
| EMH | European Metals Hldg | 0.8 | 1% | -15% | 2% | $93,966,176.76 |
| A8G | Australasian Metals | 0.285 | 30% | 2% | 2% | $11,527,738.32 |
| MIN | Mineral Resources. | 61.77 | 37% | 4% | 1% | $11,534,518,524.90 |
| AAJ | Aruma Resources Ltd | 0.073 | 12% | -8% | 1% | $11,301,228.22 |
| DTM | Dart Mining NL | 0.077 | 24% | -7% | 1% | $10,279,772.16 |
| LKE | Lake Resources | 1.225 | 73% | -11% | 1% | $1,681,710,279.26 |
| AKE | Allkem Limited | 12.49 | 27% | 1% | 1% | $7,868,700,781.24 |
| VUL | Vulcan Energy | 8.15 | 32% | -14% | 1% | $1,155,282,526.06 |
| LTR | Liontown Resources | 1.6925 | 68% | 0% | 1% | $3,689,790,545.28 |
| GT1 | Greentechnology | 0.7 | 22% | -5% | 1% | $128,067,401.89 |
| AVZ | AVZ Minerals Ltd | 0.78 | 0% | 0% | 0% | $2,752,409,203.44 |
| INF | Infinity Lithium | 0.145 | 32% | -6% | 0% | $60,176,894.57 |
| LPD | Lepidico Ltd | 0.029 | -3% | -3% | 0% | $188,708,545.76 |
| MLS | Metals Australia | 0.057 | 24% | -21% | 0% | $32,378,062.89 |
| RLC | Reedy Lagoon Corp. | 0.015 | -21% | -12% | 0% | $8,361,403.68 |
| TKL | Traka Resources | 0.007 | 40% | 0% | 0% | $4,821,421.93 |
| BMM | Balkanminingandmin | 0.19 | 0% | -4% | 0% | $6,222,500.00 |
| AX8 | Accelerate Resources | 0.037 | 28% | 0% | 0% | $10,006,979.26 |
| AM7 | Arcadia Minerals | 0.195 | 34% | 34% | 0% | $9,106,088.94 |
| BYH | Bryah Resources Ltd | 0.028 | 0% | -5% | 0% | $7,819,097.27 |
| FG1 | Flynngold | 0.1 | 0% | 12% | 0% | $6,406,105.00 |
| LRV | Larvottoresources | 0.27 | 38% | 6% | 0% | $11,213,775.00 |
| MMC | Mitremining | 0.115 | -8% | 0% | 0% | $3,114,786.50 |
| SHH | Shree Minerals Ltd | 0.009 | 13% | -10% | 0% | $11,146,382.03 |
| TMB | Tambourahmetals | 0.155 | 3% | -14% | 0% | $6,384,852.69 |
| WCN | White Cliff Min Ltd | 0.012 | -8% | -14% | 0% | $7,843,240.34 |
| WML | Woomera Mining Ltd | 0.015 | 0% | -12% | 0% | $10,302,495.99 |
| KGD | Kula Gold Limited | 0.025 | -15% | -7% | 0% | $5,379,390.80 |
| LRS | Latin Resources Ltd | 0.115 | 62% | 5% | 0% | $224,095,353.87 |
| QXR | Qx Resources Limited | 0.03 | 7% | -23% | 0% | $25,780,869.63 |
| SCN | Scorpion Minerals | 0.078 | 13% | 18% | 0% | $25,882,832.98 |
| ENT | Enterprise Metals | 0.01 | 0% | -9% | 0% | $6,529,806.88 |
| KAI | Kairos Minerals Ltd | 0.029 | 26% | -9% | 0% | $56,958,711.24 |
| AVW | Avira Resources Ltd | 0.004 | 33% | 14% | 0% | $8,475,160.00 |
| MRR | Minrex Resources Ltd | 0.056 | 81% | -11% | 0% | $60,052,423.37 |
| LSR | Lodestar Minerals | 0.007 | 17% | -13% | 0% | $12,169,061.44 |
| VKA | Viking Mines Ltd | 0.008 | 14% | 0% | 0% | $8,202,067.45 |
| RGL | Riversgold | 0.036 | 33% | -8% | 0% | $27,760,891.75 |
| WC8 | Wildcat Resources | 0.029 | 16% | -3% | 0% | $18,712,909.08 |
| THR | Thor Mining PLC | 0.01 | -9% | 5% | 0% | $10,755,643.90 |
| CZL | Cons Zinc Ltd | 0.022 | 10% | -12% | 0% | $8,521,871.89 |
| DRE | Dreadnought Resources Ltd | 0.105 | 119% | 13% | 0% | $319,308,522.86 |
| MM1 | Midasmineralsltd | 0.26 | 44% | 4% | 0% | $14,854,258.64 |
| WMC | Wiluna Mining Corp | 0.205 | 0% | 0% | 0% | $74,238,030.68 |
| AUN | Aurumin | 0.145 | 0% | -12% | 0% | $16,287,689.92 |
| ALY | Alchemy Resource Ltd | 0.019 | 36% | 6% | 0% | $18,108,407.08 |
| LNR | Lanthanein Resources | 0.04 | 186% | 38% | 0% | $38,513,022.80 |
| DAL | Dalaroometalsltd | 0.098 | -2% | -1% | 0% | $2,927,750.00 |
| RIO | Rio Tinto Limited | 98.01 | 2% | 3% | -1% | $36,575,933,565.42 |
| JRL | Jindalee Resources | 2.7 | 8% | -7% | -1% | $156,070,787.52 |
| CAI | Calidus Resources | 0.63 | 3% | -7% | -1% | $277,991,382.68 |
| LPI | Lithium Pwr Int Ltd | 0.58 | 41% | -9% | -1% | $204,249,736.08 |
| LLL | Leolithiumlimited | 0.5 | 18% | -1% | -1% | $498,261,740.56 |
| AZL | Arizona Lithium Ltd | 0.089 | 13% | -15% | -1% | $216,623,300.49 |
| SRI | Sipa Resources Ltd | 0.0445 | 17% | 3% | -1% | $9,226,116.14 |
| TEM | Tempest Minerals | 0.0405 | -10% | -8% | -1% | $20,695,413.22 |
| LIT | Lithium Australia | 0.079 | 14% | -7% | -1% | $82,832,746.00 |
| LRD | Lordresourceslimited | 0.195 | -3% | -15% | -1% | $6,277,462.65 |
| GLN | Galan Lithium Ltd | 1.24 | 25% | -10% | -2% | $383,705,331.66 |
| EFE | Eastern Resources | 0.0305 | 22% | -10% | -2% | $30,947,273.06 |
| WES | Wesfarmers Limited | 48.11 | 4% | 2% | -2% | $55,467,464,638.64 |
| IGO | IGO Limited | 12.135 | 27% | 1% | -2% | $9,344,684,812.42 |
| MXR | Maximus Resources | 0.054 | 16% | -14% | -2% | $17,539,817.24 |
| GW1 | Greenwing Resources | 0.26 | 8% | -10% | -2% | $32,660,547.49 |
| RDT | Red Dirt Metals Ltd | 0.5 | 52% | 11% | -2% | $155,322,757.26 |
| KZR | Kalamazoo Resources | 0.235 | 15% | -13% | -2% | $34,846,649.76 |
| INR | Ioneer Ltd | 0.68 | 46% | -3% | -2% | $1,458,203,182.82 |
| NMT | Neometals Ltd | 1.35 | 41% | -1% | -2% | $762,238,181.04 |
| ESS | Essential Metals Ltd | 0.445 | 22% | -18% | -2% | $112,304,496.85 |
| CXO | Core Lithium | 1.365 | 47% | -7% | -3% | $2,432,073,498.40 |
| AGY | Argosy Minerals Ltd | 0.37 | 12% | -9% | -3% | $518,726,298.28 |
| CHR | Charger Metals | 0.535 | 15% | -1% | -3% | $17,919,569.25 |
| AOU | Auroch Minerals Ltd | 0.071 | 22% | 3% | -3% | $26,988,231.33 |
| EUR | European Lithium Ltd | 0.087 | 23% | -1% | -3% | $126,021,525.75 |
| ZNC | Zenith Minerals Ltd | 0.29 | 9% | -3% | -3% | $103,428,683.70 |
| 1MC | Morella Corporation | 0.026 | 53% | 4% | -4% | $153,257,777.62 |
| ARN | Aldoro Resources | 0.26 | 86% | -5% | -4% | $26,888,575.59 |
| WR1 | Winsome Resources | 0.24 | 33% | -19% | -4% | $33,778,498.50 |
| STM | Sunstone Metals Ltd | 0.043 | -10% | -10% | -4% | $116,840,088.86 |
| ZEO | Zeotech Limited | 0.061 | 24% | 3% | -5% | $97,594,590.08 |
| PNN | Power Minerals Ltd | 0.485 | 15% | -13% | -5% | $31,384,767.60 |
| LIS | Lisenergylimited | 0.6175 | -19% | -15% | -5% | $107,844,221.55 |
| TYX | Tyranna Res Ltd | 0.038 | 81% | 6% | -5% | $93,494,426.68 |
| LEL | Lithenergy | 0.975 | 47% | -13% | -5% | $46,504,500.00 |
| OCN | Oceanalithiumlimited | 0.615 | 24% | 19% | -5% | $21,791,250.00 |
| CRR | Critical Resources | 0.049 | 32% | -16% | -6% | $77,376,792.43 |
| SRZ | Stellar Resources | 0.016 | 0% | -11% | -6% | $14,268,144.64 |
| G88 | Golden Mile Res Ltd | 0.032 | 14% | 7% | -6% | $6,926,908.88 |
| MQR | Marquee Resource Ltd | 0.078 | 20% | -16% | -6% | $26,196,259.14 |
| AML | Aeon Metals Ltd. | 0.031 | 15% | 3% | -6% | $36,083,215.51 |
| KTA | Krakatoa Resources | 0.061 | 22% | -10% | -6% | $22,406,144.61 |
| EVR | Ev Resources Ltd | 0.03 | 7% | -6% | -6% | $29,631,490.27 |
| GL1 | Globallith | 1.775 | 69% | -6% | -7% | $302,320,177.68 |
| BNR | Bulletin Res Ltd | 0.135 | 23% | -16% | -7% | $42,425,709.50 |
| RMX | Red Mount Min Ltd | 0.0065 | -7% | -7% | -7% | $11,496,547.01 |
| AOA | Ausmon Resorces | 0.0065 | 8% | 18% | -7% | $6,001,025.40 |
| M2R | Miramar | 0.12 | 38% | 21% | -8% | $8,344,266.19 |
| PGD | Peregrine Gold | 0.76 | 71% | -16% | -8% | $31,923,849.27 |
| DAF | Discovery Alaska Ltd | 0.072 | 57% | 44% | -9% | $17,714,541.14 |
| PLL | Piedmont Lithium Inc | 0.81 | 64% | 3% | -10% | $474,813,720.00 |
| XTC | Xantippe Res Ltd | 0.009 | 13% | -10% | -10% | $81,257,346.58 |
| MMG | Monger Gold Ltd | 0.385 | 79% | 33% | -10% | $17,217,200.00 |
| IPT | Impact Minerals | 0.008 | 0% | 0% | -11% | $22,332,335.00 |
| AS2 | Askarimetalslimited | 0.335 | 49% | -21% | -12% | $17,126,322.60 |
| MTM | Mtmongerresources | 0.16 | 45% | 33% | -16% | $7,126,906.27 |
A terrible day for lithium companies – 57 ended in the red, 38 fell flat and 36 ended in the green.
Other ASX lithium stocks with news out today
AUSTRALASIAN METALS (ASX:A8G)
Several distinct areas of geochemical anomalism have been identified within soils via the mobile metal ion (MMI) sampling technique using Ionic Leach at the Mt Peake Lithium Project in the Northern Arunta pegmatite province in the Northern Territory.
Ionic Leach is a proprietary partial leach technology that has been developed to extend the reach of geochemical exploration into areas that have been blanketed by post-mineralisation cover.
A8G managing director Dr Qingtao Zeng says outcropping bedrock in the northwest corner of EL32830 is rare due to the dominant alluvial/residual soil cover, which limits access to probe the geology directly.
The MMI geochemical survey has therefore been a ‘great tool to explore under the shallow covers’, he says.
“Soil geochemical contour maps in lithium, tantalum, cesium and rubidium have presented us information of different angles given the geochemical nature of these elements in soil.
“In combination with the high-grade rock chip samples identified at surface, our new data helps us understand the underlying geology better, refining our targeting tools ahead of maiden drilling”.
GREEN TECHNOLOGY METALS (ASX:GT1)
Diamond drilling at GT1’s flagship Seymour Lithium Project in Ontario, Canada have hit up to 17.9 and 7.7m thick pegmatites with intersections including 6m at 1.37% lithium oxide from 218.9m to 225m and 3.6m at 2.08% lithium oxide from 378.3m to 382m.
GT1 CEO Luke Cox says these intersections increase the targeted mineralised volumes with the original interpretations suggesting much narrower thickness.
Drilling at Seymour is now targeting lateral extents of the Aubry Complex as well as numerous pegmatite exposures within the Pye Complex.
In conjunction, drilling at the Root Project is set to begin shortly with additional equipment mobilised to site.
Related Topics
Related Stories
SUBSCRIBE
Get the latest breaking news and stocks straight to your inbox.
It's free. Unsubscribe whenever you want.
By proceeding, you confirm you understand that we handle personal information in accordance with our Privacy Policy.
