Picture: damedeeso (iStock / Getty Images Plus) via Getty Images.
Eye on Lithium: Will these 3 companies listing in May catch a ride on the lithium wave?
Mining
share
- Three companies are listing next month with lithium prospective assets
- FireFinch releases prospectus for Leo Lithium spinout
- Tambourah applies for 34 new tenements prospective for gold and lithium
All your ASX lithium news for Friday, April 29
Three fresh companies are listing on the ASX in May with their eyes on a piece of the lithium pie.
Aurora Energy (ASX:1AE) is listing on the 16th and holds the Aurora Project in Oregon, USA.
The project hosts a defined uranium resource – and it’s prospective for lithium.
The company will conduct exploration and evaluation programs to assess the potential of both these minerals.
TG Metals (ASX:TG6) are also listing on the 16th, with a focus on assets prospective for nickel, lithium and gold in the Goldfields-Esperance region of WA.
Notably, TG6 actually holds the largest land package ever held by one company in the history of exploration within the Lake Johnston Greenstone Belt.
The company reckons the region has been historically overlooked and underexplored, with the Lake Johnston project never the main focus for nickel majors that previously held the ground.
And then there’s Oceana Lithium (ASX:OCN) set to list on the 27th.
The company has two lithium projects – the Solonopole Project in Brazil and the Napperby project in the NT.
Solonopole’s permits cover historic artisanal mining sites previously mined for lithium, Coltan (tantalum and niobium) and tin.
And Napperby is in the Pine Creek Pegmatite province – which hosts Core Lithium’s (ASX:CXO) Finniss project.
Here’s how ASX lithium stocks were tracking today:
Lithium stocks missing from our list? Shoot a friendly mail to [email protected]
| Code | Company | Price | % Month | % Week | % Today | Market Cap |
|---|---|---|---|---|---|---|
| AOA | Ausmon Resorces | 0.011 | 38% | 10% | 22% | $7,715,604.09 |
| LEL | Lithenergy | 1.48 | 69% | 51% | 21% | $54,900,000.00 |
| IPT | Impact Minerals | 0.013 | 12% | -16% | 18% | $24,095,077.45 |
| PNN | PepinNini Minerals | 0.86 | 95% | 2% | 15% | $45,726,719.52 |
| FFX | Firefinch Ltd | 1.1125 | 15% | 4% | 15% | $1,139,899,708.27 |
| FG1 | Flynngold | 0.16 | 14% | 0% | 14% | $8,968,547.00 |
| AAJ | Aruma Resources Ltd | 0.105 | 9% | -13% | 14% | $14,440,458.28 |
| MXR | Maximus Resources | 0.098 | 44% | 20% | 14% | $27,339,896.05 |
| ZNC | Zenith Minerals Ltd | 0.44 | 24% | -2% | 10% | $137,561,662.00 |
| MQR | Marquee Resource Ltd | 0.135 | 29% | -4% | 8% | $34,117,593.25 |
| IMI | Infinitymining | 0.21 | 27% | -5% | 8% | $11,212,500.00 |
| ASN | Anson Resources Ltd | 0.145 | 7% | 4% | 7% | $138,768,165.23 |
| SRZ | Stellar Resources | 0.03 | 11% | 3% | 7% | $23,444,473.53 |
| LSR | Lodestar Minerals | 0.015 | 7% | 0% | 7% | $24,338,122.87 |
| THR | Thor Mining PLC | 0.015 | 7% | -6% | 7% | $14,194,478.63 |
| LPI | Lithium Pwr Int Ltd | 0.795 | 24% | -9% | 6% | $261,858,636.00 |
| AGY | Argosy Minerals Ltd | 0.46 | 15% | -2% | 6% | $589,214,412.15 |
| RMX | Red Mount Min Ltd | 0.0095 | 0% | 0% | 6% | $14,781,274.72 |
| QPM | Queensland Pacific | 0.195 | 8% | 11% | 5% | $285,475,929.24 |
| GL1 | Globallith | 2.05 | -5% | -6% | 5% | $307,731,625.43 |
| PLS | Pilbara Min Ltd | 2.835 | -11% | -1% | 5% | $8,007,683,979.17 |
| NVA | Nova Minerals Ltd | 0.73 | -9% | -8% | 5% | $125,240,588.08 |
| LRV | Larvottoresources | 0.43 | 79% | 23% | 5% | $16,895,075.00 |
| SCN | Scorpion Minerals | 0.088 | 42% | 14% | 5% | $27,873,820.13 |
| QXR | Qx Resources Limited | 0.071 | 25% | -4% | 4% | $57,586,637.83 |
| KGD | Kula Gold Limited | 0.048 | 2% | -6% | 4% | $9,898,079.07 |
| RGL | Riversgold | 0.075 | 48% | 3% | 4% | $37,908,300.46 |
| CZL | Cons Zinc Ltd | 0.027 | -7% | -13% | 4% | $9,135,303.14 |
| AKE | Allkem Limited | 12.2 | 8% | -7% | 4% | $7,505,235,672.22 |
| ARN | Aldoro Resources | 0.285 | -10% | -3% | 4% | $27,283,736.98 |
| RAS | Ragusa Minerals Ltd | 0.089 | 9% | 3% | 3% | $10,806,573.38 |
| MNS | Magnis Energy Tech | 0.455 | -5% | -2% | 3% | $424,945,544.76 |
| A8G | Australasian Metals | 0.495 | 8% | -2% | 3% | $19,281,837.12 |
| INF | Infinity Lithium | 0.17 | 6% | 0% | 3% | $68,446,857.77 |
| FRS | Forrestaniaresources | 0.34 | -3% | -1% | 3% | $9,272,605.32 |
| TMB | Tambourahmetals | 0.255 | 2% | -6% | 3% | $10,195,168.01 |
| LPD | Lepidico Ltd | 0.035 | -5% | -15% | 3% | $215,723,189.80 |
| LTR | Liontown Resources | 1.47 | -20% | -10% | 3% | $3,134,882,033.14 |
| INR | Ioneer Ltd | 0.6625 | 23% | -3% | 3% | $1,348,403,717.36 |
| VMC | Venus Metals Cor Ltd | 0.195 | 8% | -3% | 3% | $28,704,949.77 |
| JRL | Jindalee Resources | 4.36 | 44% | -7% | 3% | $243,860,605.50 |
| CAI | Calidus Resources | 1.005 | 2% | 1% | 3% | $394,251,067.84 |
| DRE | Dreadnought Resources Ltd | 0.043 | 8% | -2% | 2% | $119,224,709.14 |
| CHR | Charger Metals | 0.7 | 1% | -2% | 2% | $22,318,008.98 |
| EFE | Eastern Resources | 0.047 | -4% | -6% | 2% | $45,744,085.03 |
| AX8 | Accelerate Resources | 0.048 | -16% | -4% | 2% | $12,382,568.25 |
| PSC | Prospect Res Ltd | 0.965 | 10% | -1% | 2% | $407,572,524.77 |
| LKE | Lake Resources | 1.98 | 18% | -8% | 2% | $2,492,158,357.40 |
| PLL | Piedmont Lithium Inc | 0.9475 | -4% | -4% | 2% | $490,640,844.00 |
| CXO | Core Lithium | 1.395 | 15% | 1% | 2% | $2,351,991,239.99 |
| EVR | Ev Resources Ltd | 0.057 | 10% | -7% | 2% | $51,855,107.98 |
| GT1 | Greentechnology | 1.16 | 31% | 1% | 2% | $120,840,000.00 |
| KAI | Kairos Minerals Ltd | 0.0295 | 5% | -2% | 2% | $56,900,711.24 |
| AZL | Arizona Lithium Ltd | 0.1775 | 18% | -1% | 1% | $389,255,446.83 |
| 1MC | Morella Corporation | 0.0365 | 4% | 7% | 1% | $186,343,703.50 |
| AUN | Aurumin | 0.2025 | 13% | -1% | 1% | $20,044,650.40 |
| WR1 | Winsome Resources | 0.47 | 1% | -9% | 1% | $62,626,197.21 |
| VUL | Vulcan Energy | 8.42 | -14% | -8% | 1% | $1,097,920,050.60 |
| GLN | Galan Lithium Ltd | 1.74 | 1% | -13% | 1% | $525,068,199.45 |
| NMT | Neometals Ltd | 1.595 | -2% | -10% | 1% | $869,176,587.66 |
| MIN | Mineral Resources. | 58.185 | 18% | -6% | 0% | $11,002,053,676.05 |
| ADV | Ardiden Ltd | 0.014 | 0% | 0% | 0% | $37,356,694.98 |
| ESS | Essential Metals Ltd | 0.66 | 47% | -4% | 0% | $161,266,617.60 |
| SYA | Sayona Mining Ltd | 0.325 | 48% | -7% | 0% | $2,332,397,596.75 |
| TKL | Traka Resources | 0.0105 | 5% | 0% | 0% | $7,232,132.89 |
| DTM | Dart Mining NL | 0.073 | -15% | -6% | 0% | $9,087,837.89 |
| TSC | Twenty Seven Co. Ltd | 0.004 | 0% | 0% | 0% | $10,643,255.62 |
| WCN | White Cliff Min Ltd | 0.028 | 12% | -10% | 0% | $18,300,894.14 |
| MTM | Mtmongerresources | 0.205 | 8% | -7% | 0% | $7,105,306.77 |
| AZI | Altamin Limited | 0.075 | 3% | -14% | 0% | $29,378,756.40 |
| ENT | Enterprise Metals | 0.019 | 46% | -10% | 0% | $12,248,290.25 |
| STM | Sunstone Metals Ltd | 0.067 | -13% | -11% | 0% | $169,846,905.61 |
| PGD | Peregrine Gold | 0.51 | 4% | 0% | 0% | $19,526,201.19 |
| AVW | Avira Resources Ltd | 0.0055 | 0% | -8% | 0% | $11,653,345.00 |
| MRR | Minrex Resources Ltd | 0.069 | 15% | -4% | 0% | $62,144,918.52 |
| VKA | Viking Mines Ltd | 0.011 | 0% | -15% | 0% | $11,277,842.74 |
| SRI | Sipa Resources Ltd | 0.049 | 2% | 0% | 0% | $10,046,215.35 |
| G88 | Golden Mile Res Ltd | 0.063 | 7% | 2% | 0% | $12,646,154.68 |
| WC8 | Wildcat Resources | 0.041 | 21% | 11% | 0% | $26,456,181.81 |
| M2R | Miramar | 0.18 | 13% | -8% | 0% | $8,966,703.60 |
| AOU | Auroch Minerals Ltd | 0.115 | -4% | -15% | 0% | $41,549,706.89 |
| XTC | Xantippe Res Ltd | 0.014 | 100% | 0% | 0% | $107,302,746.59 |
| MMG | Monger Gold Ltd | 0.28 | 6% | 4% | 0% | $7,000,000.00 |
| ZEO | Zeotech Limited | 0.061 | -2% | 2% | 0% | $93,019,843.67 |
| ALY | Alchemy Resource Ltd | 0.038 | 192% | 100% | 0% | $36,189,105.82 |
| RIO | Rio Tinto Limited | 112.64 | -5% | -3% | 0% | $41,873,188,939.20 |
| AVZ | AVZ Minerals Ltd | 0.9875 | -17% | -11% | -1% | $3,511,086,099.26 |
| TEM | Tempest Minerals | 0.099 | 18% | -1% | -1% | $49,850,750.90 |
| IGO | IGO Limited | 13.18 | -5% | -7% | -1% | $10,086,807,269.16 |
| KZR | Kalamazoo Resources | 0.405 | 8% | -9% | -1% | $59,529,693.34 |
| EMH | European Metals Hldg | 1.175 | -6% | -7% | -1% | $167,524,588.35 |
| GSM | Golden State Mining | 0.077 | -6% | -4% | -1% | $8,097,542.86 |
| WMC | Wiluna Mining Corp | 0.73 | -19% | -22% | -1% | $156,373,059.30 |
| EUR | European Lithium Ltd | 0.0965 | -36% | -12% | -2% | $135,525,536.33 |
| BYH | Bryah Resources Ltd | 0.057 | 19% | -2% | -2% | $13,120,016.15 |
| RDT | Red Dirt Metals Ltd | 0.525 | -20% | -11% | -2% | $160,373,098.54 |
| AS2 | Askarimetalslimited | 0.68 | 28% | -3% | -2% | $28,575,469.19 |
| EMS | Eastern Metals | 0.22 | 19% | 10% | -2% | $8,010,000.00 |
| BNR | Bulletin Res Ltd | 0.21 | 2% | -2% | -2% | $62,368,486.56 |
| PAM | Pan Asia Metals | 0.535 | 4% | -6% | -3% | $40,512,254.20 |
| TON | Triton Min Ltd | 0.032 | 10% | -11% | -3% | $41,011,877.84 |
| EPM | Eclipse Metals | 0.032 | 14% | -14% | -3% | $63,397,171.63 |
| RLC | Reedy Lagoon Corp. | 0.03 | 0% | -12% | -3% | $16,999,074.13 |
| MLS | Metals Australia | 0.145 | 45% | -12% | -3% | $57,522,492.30 |
| LRD | Lordresourceslimited | 0.38 | 0% | 81% | -4% | $12,159,925.30 |
| RAG | Ragnar Metals Ltd | 0.049 | 58% | 7% | -4% | $19,006,929.34 |
| BMM | Balkanminingandmin | 0.345 | 6% | -5% | -4% | $11,790,000.00 |
| LIT | Lithium Australia | 0.1 | -9% | -5% | -5% | $108,649,928.52 |
| MMC | Mitremining | 0.175 | -5% | -8% | -5% | $5,010,743.50 |
| AM7 | Arcadia Minerals | 0.285 | 14% | -5% | -7% | $10,672,712.50 |
| LRS | Latin Resources Ltd | 0.135 | 78% | -25% | -7% | $277,111,255.08 |
| SHH | Shree Minerals Ltd | 0.013 | -19% | -19% | -7% | $17,111,316.49 |
| AML | Aeon Metals Ltd. | 0.044 | -25% | -37% | -8% | $41,558,826.62 |
| NWM | Norwest Minerals | 0.055 | -10% | 0% | -8% | $10,836,443.22 |
| CRR | Critical Resources | 0.1 | 32% | 5% | -9% | $163,493,664.84 |
| WML | Woomera Mining Ltd | 0.024 | 33% | -25% | -11% | $18,544,492.78 |
| MM1 | Midasmineralsltd | 0.32 | 94% | -12% | -11% | $19,597,725.00 |
A total of 60 stocks were in the green, with 26 flatlining and 31 in the red.
Who’s got news out today?
The company is demerging its Goulamina lithium project in Mali into a separate ASX entity to be called Leo Lithium – and released the prospectus for Leo today.
Earlier this month FireFinch announced the receipt of US$130m in cash from Ganfeng to formalise a joint venture to develop the project – which is expected to be one of the largest hard rock lithium projects in the world, with Stage 2 expansion expected to take its production profile up to an enormous 880,000tpa.
Notably, Ganfeng is a leading supplier of lithium to top tier battery producers and car makers such as BMW, LG Chem and Tesla.
Former Galaxy Resources managing director Simon Hay has been appointed the new Leo Lithium boss.
Firefinch shareholders will have the opportunity to vote on the demerger at the General Meeting on Tuesday, 31st May 2022, and if successful, will receive shares in Leo via an in-specie distribution with the parent company retaining a 20% stake in the new entity.
The company has pegged 34 prospecting licence applications at Nullagine in WA – where no historic lithium exploration has occurred.
However, historic soil samples have indicated lithium sampling up to 40ppm.
The tenement applications cover 5,788ha and is 5km to the north of the the company’s Russian Jack Project which is prospective for lithium bearing pegmatite intrusions.
Tambourah plans to compile geological data and reprocess available geophysical data to prioritise areas for first pass field prospecting and mapping.
The company released a statement today congratulating its partner Sayona Mining (ASX:SYA) who reported the discovery of a new southern lithium pegmatite zone at its Moblan lithium project in Quebec earlier this week.
Recent drilling returned 5m at 1.85% Li2O from 3.5m and 35m at 1.62% Li2O from 27.6m in hole DDH135, plus 6.6m at 1.69% Li2O from 2.1m and 27.2m at 1.53% Li2O from 22.0m hole DDH136.
Piedmont holds 16.5% in Sayona, and president and CEO Keith Phillips says the grade, thickness and shallow depth of the mineralisation in the first two drill holes are “very impressive.”
“While Piedmont is not directly invested in the Moblan project, we are very pleased with our position as Sayona’s largest shareholder and as Sayona’s partner in the world-class Abitibi Hub lithium projects,” he said.
“Quebec is an ideal location for lithium hydroxide production in the future, given the province’s abundant mineral resources, low-cost hydroelectricity, and supportive provincial government.”
