• Big Chinese vanadium battery developments could have tangible impact on V2O5 demand
  • Growth in cobalt demand is ‘poised to accelerate’: Jervois Mining
  • This week’s biggest movers: WA1 Resources, Norwest Minerals, Koba Resources

Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, manganese, magnesium, and vanadium.

 

92% of vanadium consumption is used to strengthen steel. Of the remainder, most is used in aerospace alloys and chemical catalysts, and ~1-2% goes into vanadium redox flow batteries (VRFBs).

Unlike lithium-ion, VRFBs – a perfect fit for large stationary storage — are yet to have their ‘big battery’ moment.

If they do, vanadium demand could go parabolic.

While we need to take anything China state-affiliated media says with a handful of salt there has been rumblings of some big developments in China in 2022.

This, announced yesterday, looks promising.

 

Cobalt demand to kick up a gear in 2023, Jervois says

While cobalt crashed back to earth in 2022, Jervois Global (ASX:JRV) — which recently opened the USA’s only cobalt mine — says the market has now stabilised and will accelerate in 2023.

“The outlook remains positive for 2023 and beyond,” JRV says in its latest quarterly report.

“The growth in battery sector demand is poised to accelerate, the consumer electronics sector is expected to recover, while demand in traditional industrial uses is expected to grow broadly in line with global GDP.

“Looking to 2023, Jervois’s customers will carry inventory across the remainder of 2022 and into early 2023, and cobalt sales are expected to begin accelerating across next year as the situation both improves, and electric vehicle penetration rates continue to rise.

“Jervois’s commercial team are in active negotiations with major European, U.S. and Japanese battery plants regarding a significant uptick in cobalt demand that is steadily projected across 2023, and then aggressively from early 2024.”

 

Battery Metals Winners and Losers

Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese, and vanadium is performing>>>

Battery metals stocks missing from our list? Shoot a mail to [email protected].

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
WA1 WA1 Resources 784% 1070% 804% 696% 1.99 $57,780,001
KOB Kobaresourceslimited 110% 68% 0% 0% 0.21 $11,050,000
NWM Norwest Minerals 58% 44% -5% -33% 0.052 $9,550,618
SGQ St George Min Ltd 51% 117% 73% 15% 0.077 $49,701,264
WR1 Winsome Resources 35% 37% 11% 0% 0.52 $62,828,007
ALY Alchemy Resource Ltd 31% 26% -11% 162% 0.034 $38,711,516
VMC Venus Metals Cor Ltd 25% 0% -21% -21% 0.15 $24,011,802
BRB Breaker Res NL 24% 36% 10% -21% 0.285 $91,235,460
NVA Nova Minerals Ltd 20% 26% 6% -46% 0.81 $127,644,586
A11 Atlantic Lithium 18% 10% 0% 0% 0.705 $430,076,579
IPT Impact Minerals 17% 0% -42% -48% 0.007 $17,369,594
STM Sunstone Metals Ltd 17% -3% -48% -48% 0.035 $83,086,285
BMM Balkanminingandmin 16% 0% -4% -44% 0.32 $12,473,119
CMO Cosmometalslimited 14% 10% -6% 0% 0.16 $4,081,600
CZN Corazon Ltd 13% 13% -47% -53% 0.017 $10,375,619
CAI Calidus Resources 11% -28% -61% -36% 0.39 $151,034,688
IMI Infinitymining 11% 2% 23% 0% 0.245 $14,201,719
EUR European Lithium Ltd 11% 30% 4% -26% 0.1 $131,425,765
OD6 Od6Metalsltd 11% 20% 0% 0% 0.21 $9,868,099
KAI Kairos Minerals Ltd 10% 3% 10% 7% 0.032 $60,886,898
LYC Lynas Rare Earths 10% 14% -6% 18% 8.64 $7,539,256,507
ARN Aldoro Resources 10% 27% 4% -46% 0.285 $33,176,195
VUL Vulcan Energy 9% 0% -12% -40% 7.5 $1,092,214,994
FGR First Graphene Ltd 9% 9% -25% -37% 0.12 $66,249,791
CML Chase Mining Limited 9% 0% -10% -21% 0.012 $6,345,892
1VG Victory Goldfields 9% 3% 13% -8% 0.18 $9,448,728
MAN Mandrake Res Ltd 9% -3% -40% -38% 0.037 $18,707,497
RBX Resource B 9% -16% -62% -58% 0.088 $3,523,979
GRL Godolphin Resources 8% 8% -36% -38% 0.09 $10,653,250
BNR Bulletin Res Ltd 8% 13% -35% 73% 0.13 $38,036,843
GSM Golden State Mining 8% -5% -49% -65% 0.039 $4,212,511
NIC Nickel Industries 8% -1% -40% -25% 0.785 $1,993,829,653
CAE Cannindah Resources 8% -9% -37% -29% 0.2 $106,723,445
GSR Greenstone Resources 8% -58% -14% 8% 0.027 $27,939,053
EMH European Metals Hldg 7% 10% -31% -40% 0.8 $93,357,956
IDA Indiana Resources 7% -5% -6% 5% 0.061 $29,512,094
NKL Nickelxltd 7% 24% -9% 19% 0.155 $12,135,284
NWC New World Resources 6% 0% -34% -51% 0.033 $59,260,890
PAN Panoramic Resources 6% -13% -51% -31% 0.165 $297,382,531
BEM Blackearth Minerals 6% 28% -13% -13% 0.105 $27,495,903
RFR Rafaella Resources 6% 50% -2% -40% 0.045 $15,821,652
TLG Talga Group Ltd 6% 0% -16% -15% 1.27 $416,238,011
SUM Summitminerals 6% 0% 0% 0% 0.185 $4,450,959
EMN Euromanganese 6% -1% -30% -50% 0.28 $68,587,967
OCN Oceanalithiumlimited 6% -10% 0% 0% 0.475 $15,589,125
KZR Kalamazoo Resources 5% -3% -52% -45% 0.195 $28,275,681
PLL Piedmont Lithium Inc 5% 18% 6% 16% 0.995 $506,467,968
RXL Rox Resources 5% -25% -49% -49% 0.2 $33,788,189
ASN Anson Resources Ltd 5% 7% 117% 215% 0.315 $364,183,010
JRL Jindalee Resources 5% 1% -46% -9% 2.35 $134,840,570
LRS Latin Resources Ltd 5% 20% -15% 161% 0.115 $229,641,140
DRE Dreadnought Resources Ltd 5% 19% 161% 203% 0.115 $349,891,358
LOT Lotus Resources Ltd 4% 4% -32% -25% 0.235 $304,987,027
IPX Iperionx Limited 4% -18% -37% -27% 0.73 $121,570,099
GLN Galan Lithium Ltd 4% 30% -10% 23% 1.55 $462,946,219
CNB Carnaby Resource Ltd 4% 21% -29% 203% 0.91 $127,936,391
GT1 Greentechnology 4% 25% -17% 0% 0.94 $178,340,397
M24 Mamba Exploration 4% 8% -4% -33% 0.135 $5,271,875
TMB Tambourahmetals 4% -13% -44% -36% 0.14 $5,355,038
ABX ABX Group Limited 3% -3% -14% 43% 0.15 $33,538,622
SYR Syrah Resources 3% 53% 27% 103% 2.51 $1,602,663,997
IG6 Internationalgraphit 3% -9% -17% 0% 0.32 $26,836,373
CY5 Cygnus Gold Limited 3% 78% 210% 191% 0.48 $72,109,898
QPM Queensland Pacific 3% 36% -13% -24% 0.17 $285,493,958
LTR Liontown Resources 3% 30% 32% 2% 1.935 $4,140,280,635
CXO Core Lithium 3% 30% 3% 153% 1.44 $2,540,811,171
LEG Legend Mining 3% -8% -58% -47% 0.036 $93,674,615
MMC Mitremining 3% 18% 11% -9% 0.195 $4,875,318
JMS Jupiter Mines. 3% 0% -20% -17% 0.195 $382,003,251
PNT Panthermetalsltd 3% 11% -17% 0% 0.195 $5,947,500
ARR American Rare Earths 3% -5% -51% 8% 0.2 $86,654,256
NTU Northern Min Ltd 2% 2% -16% -21% 0.042 $214,376,126
S32 South32 Limited 2% 2% -22% 4% 3.72 $16,595,434,627
SRI Sipa Resources Ltd 2% 8% 10% -7% 0.054 $10,456,265
KTA Krakatoa Resources 2% -7% -45% 0% 0.063 $22,061,435
PNN Power Minerals Ltd 1% 0% -44% -4% 0.485 $34,635,376
AKE Allkem Limited 1% 9% 23% 69% 15.04 $9,207,782,762
OMH OM Holdings Limited 1% 8% -25% -39% 0.66 $465,332,702
VIA Viagold Rare Earth 0% 0% 0% 0% 2 $166,624,808
HNR Hannans Ltd 0% 0% -34% -42% 0.021 $54,731,701
LPD Lepidico Ltd 0% -9% -41% -35% 0.02 $125,062,108
MRD Mount Ridley Mines 0% 0% -44% -38% 0.005 $33,186,115
AVZ AVZ Minerals Ltd 0% 0% -21% 120% 0.78 $2,752,409,203
HXG Hexagon Energy 0% -18% -63% -84% 0.014 $6,924,365
MNS Magnis Energy Tech 0% 1% -17% -18% 0.375 $363,874,306
QEM QEM Limited 0% -11% -20% 18% 0.2 $26,483,259
ESR Estrella Res Ltd 0% -8% -48% -68% 0.011 $15,513,387
ADV Ardiden Ltd 0% -7% -53% -36% 0.007 $18,678,347
CWX Carawine Resources 0% -9% -59% -58% 0.086 $11,853,754
BUX Buxton Resources Ltd 0% 9% 13% 12% 0.105 $15,559,357
TKL Traka Resources 0% -14% -40% -57% 0.006 $4,132,647
ADD Adavale Resource Ltd 0% -6% -22% -43% 0.03 $15,304,370
SYA Sayona Mining Ltd 0% 0% -27% 47% 0.235 $1,953,816,471
FFX Firefinch Ltd 0% 0% -49% -4% 0.2 $236,248,644
ATM Aneka Tambang 0% -13% -20% -9% 1 $1,303,649
RMX Red Mount Min Ltd 0% -8% -37% -40% 0.006 $8,211,819
LML Lincoln Minerals 0% 0% 0% 0% 0.008 $4,599,869
PUR Pursuit Minerals 0% 0% -59% -68% 0.011 $10,979,971
WKT Walkabout Resources 0% 0% -10% 8% 0.173011 $78,248,343
TON Triton Min Ltd 0% 9% -22% -26% 0.025 $31,804,036
S2R S2 Resources 0% 4% -10% -18% 0.14 $48,151,105
LSR Lodestar Minerals 0% -17% -64% -44% 0.005 $8,692,187
TSC Twenty Seven Co. Ltd 0% 0% -29% -43% 0.002 $10,643,256
WML Woomera Mining Ltd 0% -12% -47% -34% 0.013 $10,570,323
ENT Enterprise Metals 0% -10% -50% -40% 0.009 $5,876,826
AZI Altamin Limited 0% 2% 13% 4% 0.085 $33,295,924
AKN Auking Mining Ltd 0% 40% -11% -50% 0.12 $13,609,753
RR1 Reach Resources Ltd 0% -29% -38% -38% 0.005 $9,550,253
EMT Emetals Limited 0% -25% -8% -20% 0.012 $10,200,000
AVW Avira Resources Ltd 0% 0% -40% -50% 0.003 $6,401,370
RGL Riversgold 0% 19% -43% 116% 0.043 $31,052,042
MNS Magnis Energy Tech 0% 1% -17% -18% 0.375 $363,874,306
ODE Odessa Minerals Ltd 0% -6% -23% 240% 0.017 $10,417,520
AZI Altamin Limited 0% 2% 13% 4% 0.085 $33,295,924
RMX Red Mount Min Ltd 0% -8% -37% -40% 0.006 $8,211,819
GGG Greenland Minerals 0% -4% -31% -60% 0.048 $67,787,201
RR1 Reach Resources Ltd 0% -29% -38% -38% 0.005 $9,550,253
MRD Mount Ridley Mines 0% 0% -44% -38% 0.005 $33,186,115
ODE Odessa Minerals Ltd 0% -6% -23% 240% 0.017 $10,417,520
EMT Emetals Limited 0% -25% -8% -20% 0.012 $10,200,000
TKM Trek Metals Ltd 0% -5% -32% -43% 0.06 $19,568,439
DVP Develop Global Ltd -1% 6% -16% -16% 2.66 $425,814,021
RDT Red Dirt Metals Ltd -1% -18% 3% -23% 0.53 $179,673,744
HAS Hastings Tech Met -1% 6% -33% -31% 3.67 $449,699,317
PLS Pilbara Min Ltd -1% 16% 86% 141% 5.31 $15,205,560,015
TMT Technology Metals -1% 0% -27% -3% 0.365 $73,438,595
AUZ Australian Mines Ltd -1% -4% -66% -72% 0.066 $29,997,686
BHP BHP Group Limited -2% 0% -10% 18% 38.42 $189,259,055,972
WIN Widgienickellimited -2% 17% -43% 20% 0.275 $71,538,656
LKE Lake Resources -2% 18% -46% 13% 1.06 $1,474,352,632
CTM Centaurus Metals Ltd -2% -3% -31% -10% 0.96 $401,479,897
SLZ Sultan Resources Ltd -2% 8% -37% -47% 0.095 $7,912,017
MMG Monger Gold Ltd -2% 2% 68% 77% 0.47 $17,817,800
GBR Greatbould Resources -2% -14% -6% -40% 0.09 $37,635,623
IXR Ionic Rare Earths -2% 2% -38% 13% 0.044 $170,394,616
KNI Kunikolimited -2% -8% -43% -65% 0.66 $33,503,393
AZL Arizona Lithium Ltd -2% 1% -55% -11% 0.079 $190,384,119
TNG TNG Limited -2% 0% 3% -39% 0.079 $111,073,458
AZL Arizona Lithium Ltd -2% 1% -55% -11% 0.079 $190,384,119
LPM Lithium Plus -3% -5% -41% 0% 0.575 $24,986,192
INR Ioneer Ltd -3% -10% -16% -17% 0.57 $1,164,464,412
FTL Firetail Resources -3% -10% -56% 0% 0.18 $9,885,200
MIN Mineral Resources. -3% 12% 26% 91% 73.71 $13,878,633,339
WC8 Wildcat Resources -3% -3% -23% -38% 0.031 $18,901,409
OZL OZ Minerals -3% -6% -3% -3% 24.31 $8,090,787,593
ASM Ausstratmaterials -3% -16% -69% -81% 1.975 $282,338,222
ASM Ausstratmaterials -3% -16% -69% -81% 1.975 $282,338,222
ARU Arafura Rare Earths -3% -8% -24% 36% 0.3 $509,596,272
TEM Tempest Minerals -3% -12% -71% 38% 0.029 $14,638,219
ZNC Zenith Minerals Ltd -3% 2% -34% 21% 0.285 $96,533,438
NMT Neometals Ltd -3% 0% -30% 8% 1.12 $610,342,891
GAL Galileo Mining Ltd -4% -13% 423% 400% 1.15 $230,967,664
BCA Black Canyon Limited -4% 9% -37% -9% 0.24 $10,762,194
A8G Australasian Metals -4% -16% -51% -64% 0.235 $9,675,066
AAJ Aruma Resources Ltd -4% 25% -33% -21% 0.07 $10,987,305
MOH Moho Resources -4% -15% -56% -62% 0.023 $4,776,231
CDT Castle Minerals -4% -8% -56% 28% 0.023 $22,988,339
AR3 Austrare -4% 0% -52% -62% 0.33 $30,940,504
BOA Boadicea Resources -5% 0% -48% -43% 0.105 $8,158,489
FG1 Flynngold -5% -5% -34% -32% 0.105 $6,726,410
AXE Archer Materials -5% -8% -16% -50% 0.725 $173,927,045
IGO IGO Limited -5% 12% 16% 59% 15.34 $11,578,624,861
FRB Firebird Metals -5% 3% -31% -60% 0.2 $14,058,379
DM1 Desert Metals -5% -18% 5% 52% 0.395 $19,676,645
AZS Azure Minerals -5% 74% -11% -29% 0.295 $69,915,537
ITM Itech Minerals Ltd -5% -24% -56% 7% 0.295 $27,250,000
E25 Element 25 Ltd -5% 42% 28% -36% 1.075 $161,978,991
PAM Pan Asia Metals -5% 0% -31% -26% 0.375 $55,805,124
LMG Latrobe Magnesium -5% -5% -10% 17% 0.074 $120,881,295
CHN Chalice Mining Ltd -5% 8% -39% -33% 4.25 $1,606,789,018
BSX Blackstone Ltd -6% -3% -53% -76% 0.17 $75,716,036
QXR Qx Resources Limited -6% 44% -7% 160% 0.065 $53,793,602
LEL Lithenergy -6% 60% -22% 54% 1.125 $66,766,500
AQD Ausquest Limited -6% -6% -24% -6% 0.016 $13,202,388
FRS Forrestaniaresources -6% 7% -45% -46% 0.1975 $9,831,865
LIT Lithium Australia -6% -16% -53% -62% 0.047 $57,395,539
CHR Charger Metals -6% -5% -34% 6% 0.455 $19,731,731
GRE Greentechmetals -6% 7% -38% 0% 0.15 $4,843,500
AM7 Arcadia Minerals -6% 9% 4% 48% 0.295 $13,308,899
NVX Novonix Limited -6% 57% -47% -63% 2.76 $1,304,302,143
TAR Taruga Minerals -6% 0% 53% -42% 0.029 $18,592,857
MRR Minrex Resources Ltd -7% -7% -40% 105% 0.041 $44,411,854
PRL Province Resources -7% 0% -15% -48% 0.08 $94,519,451
ILU Iluka Resources -7% -3% -21% -5% 8.78 $3,675,663,106
AML Aeon Metals Ltd. -7% -17% -44% -52% 0.025 $28,429,200
MQR Marquee Resource Ltd -8% 6% -53% -23% 0.061 $19,057,055
RLC Reedy Lagoon Corp. -8% -14% -59% -59% 0.012 $6,689,123
CLA Celsius Resource Ltd -8% -14% -48% -56% 0.012 $19,536,778
ENV Enova Mining Limited -8% -29% -37% -43% 0.012 $5,082,081
WMG Western Mines -8% -4% -64% -41% 0.12 $4,212,738
COB Cobalt Blue Ltd -8% -9% -24% 49% 0.65 $211,587,416
EMS Eastern Metals -8% -18% -45% -50% 0.115 $4,638,750
GL1 Globallith -8% 9% 19% 395% 2.4 $387,223,745
HRE Heavy Rare Earths -8% -3% 0% 0% 0.17 $9,815,508
MEK Meeka Metals Limited -8% -7% 22% 24% 0.056 $61,389,651
VMS Venture Minerals -8% -4% -61% -51% 0.022 $35,226,609
AS2 Askarimetalslimited -9% 39% -37% 115% 0.43 $21,215,822
GW1 Greenwing Resources -9% -12% -28% -4% 0.32 $41,647,803
REE Rarex Limited -9% -7% -47% -45% 0.053 $31,286,875
INF Infinity Lithium -9% 17% 20% 8% 0.21 $89,590,451
ASO Aston Minerals Ltd -9% -14% -52% -40% 0.072 $82,401,289
MLX Metals X Limited -9% -6% -66% -31% 0.25 $231,352,847
1MC Morella Corporation -9% -5% -46% -68% 0.02 $116,031,116
AX8 Accelerate Resources -9% -14% -40% -35% 0.03 $8,113,767
SCN Scorpion Minerals -9% -4% -20% 8% 0.07 $23,359,433
LIN Lindian Resources -9% -38% 545% 590% 0.2 $182,161,232
ARL Ardea Resources Ltd -9% -2% -47% 95% 0.875 $149,369,239
EGR Ecograf Limited -9% 6% -31% -44% 0.34 $155,365,043
SRL Sunrise -10% -17% -40% 4% 1.99 $181,016,337
MLS Metals Australia -10% -14% -74% -8% 0.037 $23,674,411
PGM Platina Resources -10% -14% -65% -75% 0.018 $10,279,668
POS Poseidon Nick Ltd -10% 0% -46% -52% 0.045 $134,814,219
WCN White Cliff Min Ltd -10% -10% -36% 29% 0.018 $14,204,464
CMX Chemxmaterials -10% 6% -27% 0% 0.18 $8,435,903
WCN White Cliff Min Ltd -10% -10% -36% 29% 0.018 $14,204,464
GME GME Resources Ltd -10% -24% -45% 14% 0.08 $50,757,996
DEV Devex Resources Ltd -10% -15% -40% -15% 0.265 $97,078,936
PSC Prospect Res Ltd -10% -15% 96% 352% 0.094 $43,914,649
EFE Eastern Resources -11% 10% -26% -37% 0.034 $36,971,252
MRC Mineral Commodities -11% -23% -43% -49% 0.071 $41,352,632
KFM Kingfisher Mining -11% 6% 88% 135% 0.47 $23,449,851
BKT Black Rock Mining -11% 3% -46% -26% 0.155 $156,371,066
AVL Aust Vanadium Ltd -11% -9% -55% 29% 0.031 $128,333,497
AGY Argosy Minerals Ltd -12% -1% 10% 72% 0.5 $720,945,408
AOU Auroch Minerals Ltd -12% -16% -52% -70% 0.053 $20,411,149
VML Vital Metals Limited -12% -9% -51% -44% 0.03 $169,796,792
WC1 Westcobarmetals -12% -32% 28% -8% 0.185 $12,555,014
BYH Bryah Resources Ltd -12% -12% -61% -58% 0.022 $6,143,576
RNU Renascor Res Ltd -12% 16% -22% 72% 0.215 $468,112,018
XTC Xantippe Res Ltd -13% -13% -50% 40% 0.007 $57,016,609
PVW PVW Res Ltd -13% -16% -66% -71% 0.13 $12,092,844
M2R Miramar -13% 0% -49% -49% 0.091 $6,714,766
PVW PVW Res Ltd -13% -16% -66% -71% 0.13 $12,092,844
AOA Ausmon Resorces -14% -20% -45% 0% 0.006 $5,143,736
CZL Cons Zinc Ltd -14% 26% -11% -38% 0.024 $11,573,036
AOA Ausmon Resorces -14% -20% -45% 0% 0.006 $5,143,736
MCR Mincor Resources NL -14% -25% -45% -1% 1.365 $654,198,782
JRV Jervois Global Ltd -15% -5% -46% -14% 0.49 $745,076,831
VR8 Vanadium Resources -15% -29% -54% -15% 0.067 $30,864,429
G88 Golden Mile Res Ltd -15% -24% -66% -55% 0.022 $5,114,744
EVR Ev Resources Ltd -15% -12% -60% -44% 0.022 $20,371,650
SRZ Stellar Resources -15% -27% -62% -66% 0.011 $12,055,571
G88 Golden Mile Res Ltd -15% -24% -66% -55% 0.022 $5,114,744
EVR Ev Resources Ltd -15% -12% -60% -44% 0.022 $20,371,650
PEK Peak Rare Earths Ltd -16% -1% -39% -39% 0.43 $89,159,871
STK Strickland Metals -16% 20% -30% -42% 0.048 $68,056,198
LPI Lithium Pwr Int Ltd -16% -6% -36% 17% 0.505 $221,028,636
MTM Mtmongerresources -17% -23% -52% -44% 0.096 $4,501,204
CNJ Conico Ltd -17% -67% 4% -68% 0.0125 $18,914,585
SHH Shree Minerals Ltd -17% -6% -42% -25% 0.0075 $8,669,408
THR Thor Mining PLC -17% -21% -50% -56% 0.0075 $7,712,589
LNR Lanthanein Resources -17% -21% -12% 58% 0.03 $27,921,942
PTR Petratherm Ltd -17% -27% -56% 10% 0.053 $13,485,068
KOR Korab Resources -18% -10% -24% -56% 0.028 $10,277,400
CLZ Classic Min Ltd -18% -18% -90% -90% 0.014 $7,191,369
CRR Critical Resources -18% -14% -45% 34% 0.055 $81,960,321
DTM Dart Mining NL -18% -8% -7% -35% 0.068 $10,557,691
SBR Sabre Resources -18% -25% -25% -10% 0.0045 $14,574,280
LRV Larvottoresources -19% -8% -61% 0% 0.17 $8,234,408
RAS Ragusa Minerals Ltd -20% -35% 153% 114% 0.225 $28,822,778
NC1 Nicoresourceslimited -20% -6% -66% 0% 0.505 $41,324,751
RAG Ragnar Metals Ltd -21% -32% -61% -55% 0.019 $6,446,143
GED Golden Deeps -21% -27% -42% -8% 0.011 $12,707,494
ESS Essential Metals Ltd -22% 0% -30% 136% 0.46 $115,815,869
PGD Peregrine Gold -24% -29% -12% 7% 0.45 $16,843,877
KGD Kula Gold Limited -24% 7% -32% -39% 0.031 $10,758,781
VRC Volt Resources Ltd -27% -8% 5% -27% 0.022 $69,733,939
WordPress Tables Plugin

 

Weekly Small Cap Standouts

WA1 RESOURCES (ASX:WA1)

The former $3m market cap minnow grabbed all the headlines after hitting niobium-rare earths paydirt in its first hole at the P2 target, part of the West Arunta project in remote WA.

All up, the WA1 share price is up an astounding 1,321% since this announcement was released Wednesday last week.

It is currently in trading halt to answer a price and volume query from the ASX.

READ: Has WA1’s niobium-rare earths discovery unlocked a new mineral province? These ASX explorers are about to find out

 

NORWEST MINERALS (ASX:NWM)

Feeling the nearology love last week was $10m market cap explorer NWM, which has a rare earths-lithium-IOCG project ~90km away from WA1 called Arunta West.

In the June quarter the company completed a program of field mapping, rock chip collection, and infill soil sampling.

A staged drilling program across some REE, lithium, and IOCG target anomalies is planned to commence after the wet season earlier next year.

In a phone call with Stockhead, NWM boss Charles Schaus said the explorer had already defined a large 3km by 2km rare earth anomaly “that we want to drill as soon as we can get up there”.

It is also examining some WA1 discovery lookalikes on its own tenure for priority testing.

 

KOBA RESOURCES (ASX:KOB)

A weird but ultimately decent week for the explorer after it staked a project right next door to Canada’s only operating lithium mine, Tanco, which has reserves of 7.Mt at 2.76%.

That’s high grade.

KOB’s 145km2 Whitlock project in Manitoba lies within the Bird River Greenstone belt which hosts several other significant lithium deposits, it says.

Extensive pegmatites have already been mapped at Whitlock, with an initial field program to commence in the coming days.

After gaining 136% in early trade Thursday the $17m market cap company went into a trading halt pending a “clarifying announcement”.

The subsequent explanation from the company emphasised that, nearology notwithstanding, no economic mineralisation had been found on the property in the past.

“… the company has reviewed all the relevant reports associated with the 81 holes drilled within the project area during previous exploration for gold, copper, nickel, PGE’s, chrome, uranium and lithium, and that there are no material results from the 81 holes, other than the intersection of several pegmatites during exploration for uranium (that were not assayed for lithium), as noted in the announcement.”

Still up +100% for the week.

Read MoreCobaltLithiumRare EarthsVanadium

Featured Companies

You might be interested in