Eye on Lithium: Wildcat launches into Tabba Tabba exploration, Solis goes big in Brazil

Chile’s Cochilco says there will be significant price hikes for lithium from 2031
Wildcat Resources roars ahead with Tabba Tabba

All your lithium news, Wednesday May 30.

The Chilean Copper Commission (Cochilco) has forecast a “strong” lithium shortage and significant price hikes from 2031.

The state-run entity reckons annual global demand — 3.8 million tonnes — will far outstrip predicted supply of 2.46 million tonnes by 2035, according to Reuters.

“Lithium projects could increase production by around 2035, narrowing the gap between supply and demand,” Cochilco research head Victor Garay said in a statement.

Chile, the world’s second largest lithium producer behind Australia, estimates it will produce 336,000t per year by 2035, double the 2021 level, Cochilco data showed.

Here’s how Aussie lithium stocks are tracking:

Code	Company	Price	% Today	Market Cap
GSM	Golden State Mining	0.046	53%	$3,510,426
OCN	Oceanalithiumlimited	0.335	12%	$11,752,950
IPT	Impact Minerals	0.012	9%	$31,291,743
WC8	Wildcat Resources	0.12	9%	$72,822,500
FRS	Forrestaniaresources	0.07	8%	$3,957,935
AM7	Arcadia Minerals	0.15	7%	$6,537,705
PAM	Pan Asia Metals	0.2875	6%	$41,921,902
YAR	Yari Minerals Ltd	0.017	6%	$7,717,725
ALY	Alchemy Resource Ltd	0.017	6%	$18,849,220
KGD	Kula Gold Limited	0.018	6%	$6,344,603
AZI	Altamin Limited	0.073	6%	$27,028,456
BYH	Bryah Resources Ltd	0.019	6%	$5,062,563
EFE	Eastern Resources	0.0105	5%	$12,419,465
MTM	MTM Critical Metals	0.12	4%	$10,161,119
ZNC	Zenith Minerals Ltd	0.14	4%	$47,571,419
PNN	Power Minerals Ltd	0.475	3%	$33,273,770
TON	Triton Min Ltd	0.033	3%	$49,963,379
CAI	Calidus Resources	0.185	3%	$98,886,207
JRL	Jindalee Resources	2.08	2%	$116,479,301
PAT	Patriot Lithium	0.24	2%	$14,426,063
EMS	Eastern Metals	0.049	2%	$1,875,092
EMH	European Metals Hldg	0.6	2%	$74,312,837
QXR	Qx Resources Limited	0.0365	1%	$32,287,044
EG1	Evergreenlithium	0.37	1%	$20,523,950
PLL	Piedmont Lithium Inc	0.8525	1%	$365,698,255
ADV	Ardiden Ltd	0.007	0%	$18,818,347
1MC	Morella Corporation	0.009	0%	$54,887,224
AML	Aeon Metals Ltd.	0.018	0%	$19,735,211
AVZ	AVZ Minerals Ltd	0.78	0%	$2,752,409,203
ESS	Essential Metals Ltd	0.445	0%	$119,067,179
EUR	European Lithium Ltd	0.1	0%	$148,923,918
LKE	Lake Resources	0.525	0%	$746,783,471
MLS	Metals Australia	0.036	0%	$22,465,303
PSC	Prospect Res Ltd	0.13	0%	$60,093,730
RLC	Reedy Lagoon Corp.	0.006	0%	$3,400,318
TKL	Traka Resources	0.005	0%	$4,356,646
GL1	Globallith	1.435	0%	$371,738,950
BMM	Balkanminingandmin	0.225	0%	$10,748,703
AAJ	Aruma Resources Ltd	0.07	0%	$10,987,305
AX8	Accelerate Resources	0.023	0%	$8,684,840
FG1	Flynngold	0.069	0%	$7,098,274
IMI	Infinitymining	0.13	0%	$9,942,181
MMC	Mitremining	0.28	0%	$10,705,828
RAG	Ragnar Metals Ltd	0.019	0%	$7,204,513
TMB	Tambourahmetals	0.115	0%	$4,737,149
TEM	Tempest Minerals	0.014	0%	$7,095,503
EMC	Everest Metals Corp	0.09	0%	$11,648,980
WCN	White Cliff Min Ltd	0.006	0%	$5,754,326
WML	Woomera Mining Ltd	0.013	0%	$12,430,096
CRR	Critical Resources	0.042	0%	$66,979,705
SCN	Scorpion Minerals	0.07	0%	$24,199,433
ENT	Enterprise Metals	0.005	0%	$3,525,403
STM	Sunstone Metals Ltd	0.026	0%	$80,131,607
AVW	Avira Resources Ltd	0.002	0%	$4,267,580
NVA	Nova Minerals Ltd	0.29	0%	$61,158,035
MRR	Minrex Resources Ltd	0.014	0%	$15,188,145
MQR	Marquee Resource Ltd	0.026	0%	$8,507,395
LSR	Lodestar Minerals	0.005	0%	$9,216,987
AOA	Ausmon Resorces	0.004	0%	$3,877,157
VKA	Viking Mines Ltd	0.008	0%	$8,202,067
SRI	Sipa Resources Ltd	0.019	0%	$4,335,005
VMC	Venus Metals Cor Ltd	0.185	0%	$33,527,306
RAS	Ragusa Minerals Ltd	0.08	0%	$11,407,903
G88	Golden Mile Res Ltd	0.021	0%	$5,872,506
EPM	Eclipse Metals	0.013	0%	$26,364,777
EVR	Ev Resources Ltd	0.016	0%	$14,975,745
THR	Thor Energy PLC	0.005	0%	$7,368,064
MXR	Maximus Resources	0.041	0%	$13,081,286
MM1	Midasmineralsltd	0.18	0%	$10,283,718
LLI	Loyal Lithium Ltd	0.32	0%	$19,036,800
LRD	Lordresourceslimited	0.11	0%	$4,084,533
WMC	Wiluna Mining Corp	0.205	0%	$74,238,031
AUN	Aurumin	0.028	0%	$5,781,313
KTA	Krakatoa Resources	0.023	0%	$8,357,661
FTL	Firetail Resources	0.093	0%	$7,161,000
IR1	Irismetals	1.16	0%	$74,506,800
DAL	Dalaroometalsltd	0.062	0%	$1,852,250
TKM	Trek Metals Ltd	0.081	0%	$29,479,552
A11	Atlantic Lithium	0.605	0%	$368,591,204
CMD	Cassius Mining Ltd	0.017	0%	$6,944,379
VSR	Voltaic Strategic	0.072	0%	$26,600,958
LLO	Lion One Metals Ltd	0.78	0%	$9,454,349
PL3	Patagonia Lithium	0.175	0%	$8,575,613
RMX	Red Mount Min Ltd	0.0045	0%	$10,223,330
ENT	Enterprise Metals	0.005	0%	$3,525,403
NIS	Nickelsearch	0.071	0%	$4,295,885
KOB	Kobaresourceslimited	0.18	0%	$18,975,000
EMC	Everest Metals Corp	0.09	0%	$11,648,980
LRD	Lordresourceslimited	0.11	0%	$4,084,533
AKE	Allkem Limited	14.85	0%	$9,501,105,481
GLN	Galan Lithium Ltd	0.96	-1%	$325,123,366
CXO	Core Lithium	1.0025	-1%	$1,877,101,962
AGY	Argosy Minerals Ltd	0.46	-1%	$653,049,487
PLS	Pilbara Min Ltd	4.41	-1%	$13,401,874,421
GT1	Greentechnology	0.68	-1%	$131,609,491
BNR	Bulletin Res Ltd	0.064	-2%	$19,083,422
LM1	Leeuwin Metals Ltd	0.32	-2%	$13,742,625
DLI	Delta Lithium	0.625	-2%	$287,858,723
LTR	Liontown Resources	2.725	-2%	$6,095,330,874
LPM	Lithium Plus	0.295	-2%	$15,266,460
AS2	Askarimetalslimited	0.255	-2%	$17,519,672
IGO	IGO Limited	14.275	-2%	$11,040,964,714
RIO	Rio Tinto Limited	107	-2%	$40,573,932,190
MAN	Mandrake Res Ltd	0.046	-2%	$28,141,716
AZL	Arizona Lithium Ltd	0.044	-2%	$121,093,457
QPM	Queensland Pacific	0.1075	-2%	$192,098,271
MIN	Mineral Resources.	70.68	-2%	$14,037,651,641
CY5	Cygnus Metals Ltd	0.2	-2%	$43,898,846
VUL	Vulcan Energy	3.62	-3%	$613,187,320
WES	Wesfarmers Limited	47.97	-3%	$55,905,826,750
ASN	Anson Resources Ltd	0.18	-3%	$226,355,012
LIT	Lithium Australia	0.036	-3%	$45,184,092
SYA	Sayona Mining Ltd	0.18	-3%	$1,683,269,330
LRV	Larvottoresources	0.175	-3%	$12,105,850
TUL	Tulla Resources	0.325	-3%	$107,804,341
NMT	Neometals Ltd	0.485	-3%	$276,370,588
LPI	Lithium Pwr Int Ltd	0.31	-3%	$201,311,219
ZEO	Zeotech Limited	0.057	-3%	$96,801,635
DRE	Dreadnought Resources Ltd	0.052	-4%	$179,697,324
GW1	Greenwing Resources	0.255	-4%	$39,726,090
LIS	Lisenergylimited	0.25	-4%	$43,137,689
ARN	Aldoro Resources	0.12	-4%	$16,802,968
WR1	Winsome Resources	1.61	-4%	$272,511,989
LEL	Lithenergy	0.89	-4%	$88,359,300
INF	Infinity Lithium	0.11	-4%	$53,198,091
INR	Ioneer Ltd	0.33	-4%	$723,926,702
BUR	Burleyminerals	0.22	-4%	$17,162,555
FBM	Future Battery	0.11	-4%	$49,202,190
TYX	Tyranna Res Ltd	0.02	-5%	$50,534,932
CHR	Charger Metals	0.485	-5%	$22,294,328
KAI	Kairos Minerals Ltd	0.018	-5%	$37,317,776
A8G	Australasian Metals	0.16	-6%	$8,860,484
RGL	Riversgold	0.016	-6%	$16,072,951
LLL	Leolithiumlimited	0.875	-6%	$917,590,928
LNR	Lanthanein Resources	0.015	-6%	$17,945,209
LRS	Latin Resources Ltd	0.1725	-7%	$470,051,993
PGD	Peregrine Gold	0.27	-7%	$16,269,757
SGQ	St George Min Ltd	0.04	-7%	$36,141,954
KZR	Kalamazoo Resources	0.125	-7%	$20,574,857
MNS	Magnis Energy Tech	0.1525	-8%	$179,971,587
LPD	Lepidico Ltd	0.0115	-8%	$95,472,278
SRZ	Stellar Resources	0.01	-9%	$11,050,940
M2R	Miramar	0.045	-10%	$4,019,087
DTM	Dart Mining NL	0.045	-10%	$8,614,361
FIN	FIN Resources Ltd	0.017	-11%	$11,752,172
XTC	Xantippe Res Ltd	0.004	-11%	$51,660,449
CTN	Catalina Resources	0.0035	-13%	$4,953,948
IEC	Intra Energy Corp	0.007	-13%	$5,646,253
NWM	Norwest Minerals	0.027	-13%	$7,668,508
DAF	Discovery Alaska Ltd	0.03	-17%	$8,432,449

25 lithium stocks were green today, 56 landed flat, while 60 dropped into the red.

WHO’S GOT NEWS OUT?

WILDCAT RESOURCES (ASX:WC8)

WC8 announced the start of field work at its highly prospective Tabba Tabba lithium project in the WA Pilbara.

The company has completed drone photography and a digital elevation survey to pinpoint which pegmatites it will drill first.

Tabba Tabba was once owned by Sons of Gwalia in the early 2000’s, who owned significant projects back then including Pilgangoora, Wodgina and Greenbushes.

38 outcropping pegmatites have been mapped across the tenement package and have demonstrated to contain high-grade lithium mineralisation.

WC8 says it will focus on fast-tracking RC drilling of priority targets and a delineation of pegmatite-hosted LCT mineralisation.

WC8’s Tabba Tabba project is right next door to where FMG drilled out a lithium orebody and since reportedly put in for a mining lease.

The company is looking at a $7m capital raise to further prove up resources at the project.

DYNAMIC METALS (ASX:DYM)

DYM increased its Widgiemooltha project by 220km2 in a region richly-endowed with numerous nickel, gold and lithium operations.

The Widgiemooltha project area is really starting to emerge as a significant lithium belt, and it’s also surrounded by the Mt Marion, Bald Hill and Buldania projects – all within 25km of Dynamic Metals’ (ASX:DYM) tenements.

$11.2m capped DYM is fully funded for exploration activities with $5.62m cash in the bank.

The company is in advanced preparations for a mid-June AC drilling program at its Mandilla, Higginsville and Sunday Soak prospects.

Elsewhere, a follow up drill program at Widgiemooltha’s Dordie Far West prospect is complete with two holes drilled for a total of 300m.

Maiden drilling at the prospect had returned thick, high-grade intercepts such as 16m @ 1.96% nickel from a down-hole depth of 27m, including 5m at 2.84% Ni and multiple intersections such as 15m at 1.56% Ni from 48m including 3m at 2.06% Ni and 6m at 1.6% Ni from 29m in hole WDR003.

Assays have been submitted to the lab and results are expected within eight weeks.

SOLIS MINERALS (ASX:SLM)

SLM is buying the Jaguar lithium project in Brazil, where surface rock chip sampling has returned grades up to 4.95% Li2O.

The company says there’s an extensive spodumene-rich pegmatite body mapped over 1km of strike with wides of more than 50m.

“Brazil is fast becoming a significant player in the hard rock lithium space,” former Delta Lithium (ASX:DLI) boss and current SLM exec director Matt Boyes says.

“Solis’s primary objective is to quickly position itself by acquiring highly prospective underexplored projects in the northeast of Brazil.

“The Jaguar pegmatite hosts confirm LCT-bearing pegmatites with some of the coarsest and most abundant spodumene occurrences I have seen.

“These tenements in what may be a new lithium province are a fantastic addition to our already large tenement position in the northeast of Brazil, and with drilling to commence immediately.”

Alchemy Resources (ASX: ALY)

ALY is about to spin the drills at its Karonie gold-lithium project east of Kalgoorlie, WA.

It will embark on a whopping 5,000m, 42-hole program designed to test high priority gravity anomalies at the Cherry, Hickory, Mesquite and Pecan (did someone say BBQ?) prospects across the identified strike length.

Assays returned from rock chip and soil sampling confirmed near-surface lithium mineralisation, so it’s no wonder ALY is getting out the tools for this.

Additionally, holes have been designed to test the Taupo North target which is 3km west of Hickory and has pegmatites logged in historic holes that have never been assayed for lithium.

“We are really excited to get back on the ground to test these targets following the extensive geochemical and geophysical analysis,” ALY CEO James Wilson said.

We now have seven highly prospective targets, heritage clearance, a drilling contractor and ideal weather conditions ready for the drill campaign at our 100% owned project.”

At Stockhead, we tell it like it is. While Dynamic Metals is a Stockhead advertiser, it did not sponsor this article.