Pic: Via Getty
Mining
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, manganese, magnesium, and vanadium.
Here’s a statistic to illustrate just how crazy the lithium boom has been, so far.
In the entire September quarter of 2020, Pilbara Minerals (ASX:PLS) sold 43,630 tonnes (t) of spodumene concentrate (grading 6% lithium, the industry benchmark) for $23m.
Back then, spodumene was selling for between $US380-$US400/t, below the cost of production for many companies.
Yesterday arvo, PLS sold 5,000t of lower grade 5.5% stuff for $US35.5m in one go through its Battery Material Exchange.
That’s a record US$7,100/t, or US$7,830/t on a 6% basis.
It is also comfortably in super profits territory, with PLS recently flagging a $555/t ($US350/t) cost of production (FOB Port Hedland ex royalties) for FY22.
Huge margins. No wonder it has +$850m in the bank, more than its entire market cap in September 2020.
New producer Core Lithium (ASX:CXO) is also taking advantage of spot market desperation, recently selling a cargo of 15,000t spod DSO with an average grade of just 1.4% for US$951/t.
This handy $US14m cash injection will help commission all logistics processes and procedures between the Finniss mine site and Darwin Port, in advance of concentrate production (6%) in H1 2023.
It shows strong demand conditions remain of the EV battery material, which experts have been quick to caution will remain strong even as some analysts muse of a potential supply hike and price collapse in 2023.
There will be a time when lithium prices come down. But there is zero industry evidence to say that day is today or tomorrow.
This is where lithium prices are at the moment “surpassing $74,200/tonne” in China – new all time highs. pic.twitter.com/CLqaZvgVSu
— Simon Moores (@sdmoores) October 13, 2022
But going back to PLS and its insane cash pile for a minute.
With so much free cash flow coming through the doors the $14.29b market cap company, and its growth focused peers, could be running the ruler over the next crop of producers.
“We could see a bit of an M&A frenzy with producers like Pilbara, Allkem (ASX:AKE) [$US664m in the bank] and IGO (ASX:IGO) looking to secure strategic assets of scale and increase their exposure to sustained higher prices,” Luke Laretive, Seneca Financial Solutions’ CEO, says.
“There is a large valuation differential between ASX-listed lithium developers who expect to get into production next year vs those with longer term development time horizons,” he says.
“We see an opportunity these generally higher quality, more strategic and larger scale projects who might not get into production until 2024 or 2025, as the most likely M&A targets.
“Developers that fit this bill include Vulcan Energy Resources (ASX:VUL) ($897m market cap), Piedmont Lithium (ASX:PLL) ($1.5bn) and Liontown Resources (ASX:LTR) ($3.9bn).”
Here’s how a basket of ASX companies 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 | % Week | % Month | % Six Month | % Year | PRICE | MARKET CAP |
|---|---|---|---|---|---|---|---|
| E25 | Element 25 Ltd | 56% | 23% | 23% | -44% | 1.13 | $164,927,199 |
| CZL | Cons Zinc Ltd | 32% | 32% | -3% | -15% | 0.029 | $12,961,801 |
| SGQ | St George Min Ltd | 29% | 53% | 4% | -34% | 0.049 | $34,300,873 |
| PEK | Peak Rare Earths Ltd | 25% | -17% | -38% | -44% | 0.455 | $87,086,386 |
| LPM | Lithium Plus | 25% | -7% | 0% | 0% | 0.76 | $32,571,286 |
| QPM | Queensland Pacific | 22% | 14% | -4% | -30% | 0.1825 | $302,796,622 |
| FRB | Firebird Metals | 17% | 3% | -39% | -60% | 0.205 | $13,404,501 |
| TKL | Traka Resources | 17% | 0% | -30% | -50% | 0.007 | $4,821,422 |
| DTM | Dart Mining NL | 17% | -1% | 11% | -21% | 0.091 | $13,313,674 |
| INF | Infinity Lithium | 16% | 23% | 30% | 43% | 0.215 | $87,506,952 |
| GL1 | Globallith | 16% | -7% | 14% | 562% | 2.58 | $391,984,692 |
| LTR | Liontown Resources | 16% | 8% | 7% | 13% | 1.77 | $3,766,886,625 |
| ADV | Ardiden Ltd | 14% | 14% | -43% | -33% | 0.008 | $21,346,683 |
| ARN | Aldoro Resources | 14% | 2% | -13% | -39% | 0.245 | $24,398,893 |
| POS | Poseidon Nick Ltd | 13% | -4% | -42% | -50% | 0.052 | $153,197,976 |
| XTC | Xantippe Res Ltd | 13% | 0% | -36% | 350% | 0.009 | $73,307,069 |
| CNB | Carnaby Resource Ltd | 11% | 3% | -36% | 186% | 0.83 | $118,539,933 |
| BUX | Buxton Resources Ltd | 11% | -9% | -5% | 49% | 0.1 | $14,582,909 |
| CXO | Core Lithium | 11% | -13% | -8% | 131% | 1.26 | $2,228,942,652 |
| ESR | Estrella Res Ltd | 10% | -27% | -56% | -69% | 0.011 | $15,513,387 |
| SLZ | Sultan Resources Ltd | 10% | -1% | -38% | -45% | 0.099 | $8,245,155 |
| EFE | Eastern Resources | 10% | 42% | -12% | 16% | 0.044 | $45,185,495 |
| LRV | Larvottoresources | 10% | -2% | -17% | 0% | 0.225 | $9,137,150 |
| TKM | Trek Metals Ltd | 9% | -18% | -39% | -56% | 0.06 | $18,636,609 |
| CMX | Chemxmaterials | 9% | -5% | -26% | 0% | 0.185 | $8,201,572 |
| DRE | Dreadnought Resources Ltd | 9% | -13% | 127% | 170% | 0.1 | $304,253,355 |
| GGG | Greenland Minerals | 9% | -25% | -33% | -62% | 0.05 | $67,787,201 |
| DRE | Dreadnought Resources Ltd | 9% | -13% | 127% | 170% | 0.1 | $304,253,355 |
| PRL | Province Resources | 9% | -5% | -5% | -45% | 0.088 | $101,608,410 |
| SUM | Summitminerals | 9% | 6% | 0% | 0% | 0.19 | $4,698,235 |
| EMH | European Metals Hldg | 8% | -15% | -44% | -50% | 0.72 | $87,373,472 |
| DM1 | Desert Metals | 8% | -3% | 39% | 60% | 0.465 | $21,596,318 |
| RNU | Renascor Res Ltd | 8% | -7% | -35% | 60% | 0.2 | $423,870,533 |
| STK | Strickland Metals | 8% | -16% | -36% | -53% | 0.041 | $56,681,215 |
| GT1 | Greentechnology | 7% | -1% | -18% | 0% | 0.79 | $148,775,947 |
| CMO | Cosmometalslimited | 7% | 3% | -21% | 0% | 0.15 | $3,826,500 |
| NC1 | Nicoresourceslimited | 7% | -18% | -47% | 0% | 0.63 | $55,392,751 |
| AGY | Argosy Minerals Ltd | 6% | -9% | 3% | 135% | 0.505 | $676,453,980 |
| CNJ | Conico Ltd | 6% | -56% | 32% | -59% | 0.017 | $23,279,490 |
| 1VG | Victory Goldfields | 6% | -16% | 3% | -20% | 0.18 | $8,951,426 |
| EUR | European Lithium Ltd | 5% | -7% | -25% | -12% | 0.082 | $110,618,895 |
| AKE | Allkem Limited | 5% | -2% | 10% | 71% | 14.83 | $9,182,276,438 |
| 1MC | Morella Corporation | 5% | -21% | -35% | -65% | 0.022 | $121,832,672 |
| LKE | Lake Resources | 5% | 12% | -48% | 78% | 1.04 | $1,396,923,578 |
| AR3 | Austrare | 4% | 0% | -50% | -61% | 0.355 | $32,844,535 |
| AKN | Auking Mining Ltd | 4% | 27% | -40% | -60% | 0.095 | $9,469,088 |
| CDT | Castle Minerals | 4% | -19% | -55% | 67% | 0.025 | $23,987,832 |
| JRL | Jindalee Resources | 4% | -13% | -51% | -5% | 2.3 | $131,971,622 |
| LIT | Lithium Australia | 4% | -7% | -50% | -54% | 0.055 | $65,860,733 |
| VRC | Volt Resources Ltd | 4% | 4% | 21% | -6% | 0.029 | $96,299,250 |
| TAR | Taruga Minerals | 3% | -6% | 35% | -37% | 0.031 | $18,011,830 |
| WC8 | Wildcat Resources | 3% | -18% | -6% | -42% | 0.033 | $21,508,500 |
| AAJ | Aruma Resources Ltd | 3% | 3% | -52% | -19% | 0.067 | $10,516,421 |
| MMC | Mitremining | 3% | -3% | -8% | -22% | 0.175 | $4,739,893 |
| NVA | Nova Minerals Ltd | 3% | -10% | -20% | -59% | 0.7 | $128,562,893 |
| AS2 | Askarimetalslimited | 3% | 6% | -45% | 81% | 0.38 | $16,599,880 |
| LNR | Lanthanein Resources | 3% | -28% | 8% | 117% | 0.039 | $37,550,197 |
| AZL | Arizona Lithium Ltd | 3% | -7% | -52% | 65% | 0.081 | $180,744,417 |
| LRS | Latin Resources Ltd | 3% | -15% | -49% | 144% | 0.1025 | $193,265,142 |
| LOT | Lotus Resources Ltd | 2% | -4% | -43% | -18% | 0.225 | $291,726,721 |
| OZL | OZ Minerals | 2% | 4% | -3% | 4% | 26.14 | $8,619,684,754 |
| MEK | Meeka Metals Limited | 2% | -12% | 27% | 17% | 0.061 | $64,564,978 |
| CRR | Critical Resources | 2% | -19% | -25% | 121% | 0.062 | $89,411,259 |
| ZNC | Zenith Minerals Ltd | 2% | 7% | -21% | 34% | 0.315 | $108,600,118 |
| OMH | OM Holdings Limited | 2% | -1% | -27% | -47% | 0.65 | $465,332,702 |
| IGO | IGO Limited | 1% | 11% | 11% | 71% | 15.54 | $11,412,025,942 |
| KFM | Kingfisher Mining | 1% | -37% | 27% | 98% | 0.405 | $17,919,225 |
| NVX | Novonix Limited | 1% | -13% | -70% | -66% | 1.825 | $871,157,028 |
| LPD | Lepidico Ltd | 0% | -34% | -51% | -27% | 0.019 | $125,061,633 |
| TLG | Talga Group Ltd | 0% | -17% | -27% | -21% | 1.155 | $375,461,069 |
| HAS | Hastings Tech Met | 0% | -19% | -37% | -36% | 3.45 | $431,189,811 |
| CHN | Chalice Mining Ltd | 0% | -4% | -47% | -41% | 3.84 | $1,392,299,618 |
| VIA | Viagold Rare Earth | 0% | 0% | 0% | 0% | 2 | $166,624,808 |
| PVW | PVW Res Ltd | 0% | -26% | -67% | -53% | 0.14 | $13,023,063 |
| NWC | New World Resources | 0% | -3% | -46% | -57% | 0.031 | $55,557,085 |
| HNR | Hannans Ltd | 0% | 0% | -36% | -38% | 0.021 | $54,731,701 |
| AVZ | AVZ Minerals Ltd | 0% | 0% | -34% | 117% | 0.78 | $2,752,409,203 |
| MAN | Mandrake Res Ltd | 0% | -18% | -40% | -49% | 0.036 | $19,241,997 |
| RLC | Reedy Lagoon Corp. | 0% | -7% | -58% | -46% | 0.014 | $7,803,977 |
| CLA | Celsius Resource Ltd | 0% | 4% | -44% | -48% | 0.014 | $21,039,607 |
| FGR | First Graphene Ltd | 0% | -8% | -33% | -48% | 0.11 | $63,369,365 |
| NTU | Northern Min Ltd | 0% | 11% | -25% | -9% | 0.042 | $204,140,635 |
| BEM | Blackearth Minerals | 0% | 2% | -27% | -18% | 0.099 | $26,510,037 |
| JRV | Jervois Global Ltd | 0% | 13% | -40% | 4% | 0.58 | $858,659,293 |
| ADD | Adavale Resource Ltd | 0% | 3% | -39% | -46% | 0.03 | $15,251,787 |
| CTM | Centaurus Metals Ltd | 0% | -15% | -38% | -12% | 0.95 | $399,344,365 |
| AUZ | Australian Mines Ltd | 0% | -19% | -71% | -73% | 0.065 | $30,466,400 |
| FFX | Firefinch Ltd | 0% | 0% | -49% | -8% | 0.2 | $236,248,644 |
| EGR | Ecograf Limited | 0% | -15% | -44% | -50% | 0.32 | $141,855,040 |
| AQD | Ausquest Limited | 0% | 6% | -29% | 6% | 0.018 | $14,852,686 |
| LML | Lincoln Minerals | 0% | 0% | 0% | 0% | 0.008 | $4,599,869 |
| MRC | Mineral Commodities | 0% | -21% | -29% | -50% | 0.075 | $40,234,993 |
| WKT | Walkabout Resources | 0% | 0% | -12% | 10% | 0.173011 | $78,248,343 |
| TON | Triton Min Ltd | 0% | -8% | -28% | -28% | 0.023 | $31,804,036 |
| TEM | Tempest Minerals | 0% | -14% | -68% | 52% | 0.032 | $16,152,518 |
| TSC | Twenty Seven Co. Ltd | 0% | 0% | -29% | -52% | 0.002 | $10,643,256 |
| KOR | Korab Resources | 0% | -8% | -15% | 55% | 0.034 | $12,479,700 |
| KGD | Kula Gold Limited | 0% | 80% | -20% | -26% | 0.036 | $12,103,629 |
| ENV | Enova Mining Limited | 0% | -22% | -30% | -30% | 0.014 | $5,473,011 |
| RR1 | Reach Resources Ltd | 0% | -38% | -38% | -38% | 0.005 | $9,550,253 |
| PGD | Peregrine Gold | 0% | -3% | 22% | 36% | 0.585 | $22,652,110 |
| THR | Thor Mining PLC | 0% | -14% | -44% | -44% | 0.009 | $9,916,186 |
| CLZ | Classic Min Ltd | 0% | -7% | -88% | -88% | 0.017 | $7,640,830 |
| OD6 | Od6Metalsltd | 0% | -8% | 0% | 0% | 0.185 | $9,127,992 |
| PVW | PVW Res Ltd | 0% | -26% | -67% | -53% | 0.14 | $13,023,063 |
| RR1 | Reach Resources Ltd | 0% | -38% | -38% | -38% | 0.005 | $9,550,253 |
| GRL | Godolphin Resources | 0% | 5% | -37% | -41% | 0.088 | $10,416,511 |
| OD6 | Od6Metalsltd | 0% | -8% | 0% | 0% | 0.185 | $9,127,992 |
| ILU | Iluka Resources | 0% | -4% | -24% | 2% | 9.29 | $3,888,129,182 |
| ILU | Iluka Resources | 0% | -4% | -24% | 2% | 9.29 | $3,888,129,182 |
| NMT | Neometals Ltd | 0% | -17% | -39% | 13% | 1.065 | $579,963,833 |
| LYC | Lynas Rare Earths | -1% | -3% | -19% | 9% | 7.57 | $6,688,488,066 |
| S32 | South32 Limited | -1% | -3% | -27% | -2% | 3.76 | $17,333,009,500 |
| PLL | Piedmont Lithium Inc | -1% | -5% | -13% | -2% | 0.83 | $416,780,932 |
| DVP | Develop Global Ltd | -1% | 3% | -20% | -18% | 2.68 | $417,718,698 |
| MIN | Mineral Resources. | -1% | 6% | 13% | 62% | 70.19 | $13,079,658,276 |
| BHP | BHP Group Limited | -1% | 4% | -15% | 15% | 39.71 | $198,022,925,534 |
| M2R | Miramar | -1% | -6% | -46% | -51% | 0.099 | $6,354,480 |
| CHR | Charger Metals | -1% | -22% | -38% | 4% | 0.47 | $20,494,836 |
| GLN | Galan Lithium Ltd | -1% | -12% | -39% | 16% | 1.205 | $360,915,309 |
| LMG | Latrobe Magnesium | -1% | -6% | -12% | 182% | 0.079 | $120,881,295 |
| PAM | Pan Asia Metals | -1% | -19% | -34% | -20% | 0.365 | $53,602,290 |
| ARL | Ardea Resources Ltd | -2% | 5% | -50% | 107% | 0.93 | $157,856,128 |
| ASN | Anson Resources Ltd | -2% | -23% | 103% | 247% | 0.295 | $328,939,493 |
| AML | Aeon Metals Ltd. | -2% | -8% | -61% | -50% | 0.0275 | $30,069,346 |
| NIC | Nickel Industries | -2% | -15% | -40% | -23% | 0.755 | $2,021,142,388 |
| RGL | Riversgold | -2% | 26% | -36% | 104% | 0.048 | $34,933,547 |
| AZS | Azure Minerals | -2% | 7% | -36% | -38% | 0.225 | $69,915,537 |
| QEM | QEM Limited | -2% | -5% | -16% | 24% | 0.21 | $27,807,422 |
| MLS | Metals Australia | -2% | -16% | -76% | 5% | 0.042 | $26,102,556 |
| BSX | Blackstone Ltd | -3% | -10% | -55% | -67% | 0.18 | $85,180,541 |
| AVL | Aust Vanadium Ltd | -3% | -18% | -49% | 44% | 0.036 | $139,605,716 |
| GW1 | Greenwing Resources | -3% | 0% | -16% | 29% | 0.36 | $45,433,967 |
| HRE | Heavy Rare Earths | -3% | -15% | 0% | 0% | 0.175 | $10,410,388 |
| AX8 | Accelerate Resources | -3% | -8% | -48% | -23% | 0.034 | $9,195,603 |
| SCN | Scorpion Minerals | -3% | -15% | -14% | 10% | 0.068 | $22,692,021 |
| IPX | Iperionx Limited | -3% | -10% | -38% | -20% | 0.82 | $132,940,136 |
| IG6 | Internationalgraphit | -3% | -20% | -15% | 0% | 0.32 | $26,076,195 |
| PNN | Power Minerals Ltd | -3% | -33% | -46% | 20% | 0.455 | $32,109,880 |
| KAI | Kairos Minerals Ltd | -3% | -28% | -6% | -9% | 0.029 | $54,994,618 |
| S2R | S2 Resources | -3% | -7% | -18% | 59% | 0.14 | $49,892,480 |
| EMS | Eastern Metals | -3% | 12% | -28% | 0% | 0.14 | $5,411,875 |
| RAG | Ragnar Metals Ltd | -3% | -26% | -40% | -35% | 0.028 | $10,617,177 |
| A8G | Australasian Metals | -4% | -7% | -47% | -57% | 0.275 | $11,321,886 |
| LPI | Lithium Pwr Int Ltd | -4% | -10% | -34% | 45% | 0.55 | $207,336,597 |
| AXE | Archer Materials | -4% | -2% | -13% | -51% | 0.79 | $191,319,749 |
| EMN | Euromanganese | -4% | -15% | -36% | -48% | 0.255 | $69,858,115 |
| BNR | Bulletin Res Ltd | -4% | -7% | -43% | 79% | 0.125 | $36,573,888 |
| JMS | Jupiter Mines. | -4% | -5% | -26% | -23% | 0.185 | $362,413,341 |
| BRB | Breaker Res NL | -4% | 0% | -18% | -20% | 0.245 | $78,201,823 |
| PSC | Prospect Res Ltd | -4% | 4% | 123% | 322% | 0.096 | $44,376,908 |
| MNS | Magnis Energy Tech | -4% | -25% | -26% | 1% | 0.345 | $329,912,704 |
| RXL | Rox Resources | -4% | -13% | -50% | -41% | 0.23 | $38,856,418 |
| BYH | Bryah Resources Ltd | -4% | -21% | -59% | -55% | 0.023 | $6,422,830 |
| MNS | Magnis Energy Tech | -4% | -25% | -26% | 1% | 0.345 | $329,912,704 |
| PLS | Pilbara Min Ltd | -4% | 9% | 69% | 140% | 4.99 | $14,296,881,258 |
| WR1 | Winsome Resources | -4% | 6% | -31% | 0% | 0.34 | $45,938,758 |
| SRI | Sipa Resources Ltd | -4% | -12% | -17% | -23% | 0.044 | $9,021,091 |
| IMI | Infinitymining | -4% | -10% | 19% | 0% | 0.22 | $13,886,125 |
| BCA | Black Canyon Limited | -4% | -15% | -55% | -20% | 0.22 | $9,865,344 |
| FG1 | Flynngold | -5% | 0% | -38% | -30% | 0.105 | $6,726,410 |
| SYR | Syrah Resources | -5% | -11% | 7% | 52% | 1.675 | $1,123,205,939 |
| AZI | Altamin Limited | -5% | -9% | -13% | -3% | 0.08 | $31,337,340 |
| FTL | Firetail Resources | -5% | -23% | -51% | 0% | 0.2 | $12,356,500 |
| ASO | Aston Minerals Ltd | -5% | -11% | -50% | -44% | 0.078 | $86,855,413 |
| CAE | Cannindah Resources | -5% | -14% | -51% | 3% | 0.19 | $103,986,947 |
| MLX | Metals X Limited | -5% | 4% | -59% | -30% | 0.285 | $249,498,168 |
| ARR | American Rare Earths | -5% | -22% | -57% | 9% | 0.19 | $82,210,448 |
| GSM | Golden State Mining | -5% | -21% | -58% | -72% | 0.038 | $4,446,540 |
| KZR | Kalamazoo Resources | -5% | -28% | -55% | -49% | 0.19 | $27,531,584 |
| LEL | Lithenergy | -5% | -10% | 12% | 81% | 1.12 | $67,368,000 |
| MQR | Marquee Resource Ltd | -5% | -20% | -55% | -23% | 0.056 | $17,151,349 |
| GBR | Greatbould Resources | -5% | -8% | -25% | -54% | 0.092 | $38,904,240 |
| PGM | Platina Resources | -5% | -31% | -67% | -75% | 0.018 | $9,738,633 |
| LEG | Legend Mining | -5% | -16% | -54% | -49% | 0.036 | $99,184,886 |
| MRR | Minrex Resources Ltd | -5% | -4% | -27% | 200% | 0.054 | $56,327,229 |
| ODE | Odessa Minerals Ltd | -5% | -22% | -5% | 260% | 0.018 | $9,131,569 |
| MCR | Mincor Resources NL | -5% | -18% | -38% | 14% | 1.59 | $751,840,391 |
| BKT | Black Rock Mining | -6% | -24% | -38% | -24% | 0.16 | $151,484,470 |
| STM | Sunstone Metals Ltd | -6% | -20% | -54% | -46% | 0.032 | $83,086,285 |
| CZN | Corazon Ltd | -6% | -17% | -55% | -61% | 0.015 | $9,154,958 |
| DEV | Devex Resources Ltd | -6% | -17% | -40% | -5% | 0.3 | $107,865,485 |
| VML | Vital Metals Limited | -6% | -21% | -55% | -48% | 0.03 | $156,713,116 |
| RBX | Resource B | -6% | -8% | -63% | -54% | 0.09 | $3,687,885 |
| GRE | Greentechmetals | -6% | -21% | -36% | 0% | 0.15 | $4,692,000 |
| RBX | Resource B | -6% | -8% | -63% | -54% | 0.09 | $3,687,885 |
| EMT | Emetals Limited | -6% | -6% | 7% | -17% | 0.015 | $12,750,000 |
| VML | Vital Metals Limited | -6% | -21% | -55% | -48% | 0.03 | $156,713,116 |
| EMT | Emetals Limited | -6% | -6% | 7% | -17% | 0.015 | $12,750,000 |
| RBX | Resource B | -6% | -8% | -63% | -54% | 0.09 | $3,687,885 |
| ARU | Arafura Resource Ltd | -6% | -21% | -27% | 29% | 0.29 | $482,880,038 |
| ESS | Essential Metals Ltd | -6% | 1% | -8% | 140% | 0.505 | $120,455,901 |
| SYA | Sayona Mining Ltd | -7% | -26% | -37% | 39% | 0.215 | $1,786,758,162 |
| GED | Golden Deeps | -7% | 0% | -22% | 8% | 0.014 | $13,862,721 |
| IPT | Impact Minerals | -7% | -7% | -48% | -52% | 0.007 | $17,369,594 |
| VMC | Venus Metals Cor Ltd | -7% | -20% | -30% | -24% | 0.14 | $22,411,016 |
| PTR | Petratherm Ltd | -7% | 1% | 8% | 25% | 0.07 | $15,732,580 |
| RDT | Red Dirt Metals Ltd | -7% | -25% | -8% | -26% | 0.555 | $180,937,724 |
| OCN | Oceanalithiumlimited | -7% | -27% | 0% | 0% | 0.48 | $15,756,750 |
| G88 | Golden Mile Res Ltd | -7% | -21% | -61% | -46% | 0.026 | $5,319,334 |
| WMG | Western Mines | -7% | -4% | -55% | -33% | 0.13 | $4,762,225 |
| SRZ | Stellar Resources | -7% | -13% | -57% | -61% | 0.013 | $13,060,202 |
| G88 | Golden Mile Res Ltd | -7% | -21% | -61% | -46% | 0.026 | $5,319,334 |
| ITM | Itech Minerals Ltd | -7% | -22% | -36% | 0% | 0.325 | $29,066,667 |
| TNG | TNG Limited | -7% | -28% | 0% | 10% | 0.09 | $124,957,640 |
| RFR | Rafaella Resources | -7% | 0% | -16% | -51% | 0.038 | $13,360,506 |
| MOH | Moho Resources | -7% | -31% | -55% | -59% | 0.025 | $5,191,555 |
| COB | Cobalt Blue Ltd | -7% | -19% | -26% | 76% | 0.685 | $226,464,656 |
| AOU | Auroch Minerals Ltd | -8% | -22% | -53% | -65% | 0.061 | $22,637,820 |
| SBR | Sabre Resources | -8% | 0% | -14% | 9% | 0.006 | $17,489,136 |
| PUR | Pursuit Minerals | -8% | -14% | -59% | -67% | 0.012 | $11,978,150 |
| MTM | Mtmongerresources | -8% | -14% | -37% | -20% | 0.12 | $4,501,204 |
| VMS | Venture Minerals | -8% | -12% | -61% | -55% | 0.023 | $38,581,525 |
| REE | Rarex Limited | -8% | -16% | -47% | -44% | 0.056 | $32,445,648 |
| ASM | Ausstratmaterials | -8% | -29% | -74% | -83% | 1.9 | $264,468,715 |
| ASM | Ausstratmaterials | -8% | -29% | -74% | -83% | 1.9 | $264,468,715 |
| LSR | Lodestar Minerals | -8% | -15% | -66% | -50% | 0.0055 | $9,561,405 |
| CML | Chase Mining Limited | -8% | -15% | -23% | -32% | 0.011 | $5,149,460 |
| CWX | Carawine Resources | -8% | -13% | -59% | -57% | 0.087 | $11,991,588 |
| IXR | Ionic Rare Earths | -9% | -7% | -45% | 14% | 0.042 | $166,522,012 |
| HXG | Hexagon Energy | -9% | -12% | -68% | -82% | 0.015 | $7,693,739 |
| ENT | Enterprise Metals | -9% | -17% | -55% | -23% | 0.01 | $6,529,807 |
| WIN | Widgienickellimited | -9% | -20% | -47% | 17% | 0.245 | $61,498,143 |
| AM7 | Arcadia Minerals | -9% | 4% | 7% | 45% | 0.29 | $13,542,389 |
| TMT | Technology Metals | -9% | 15% | -15% | 4% | 0.385 | $80,782,454 |
| RAS | Ragusa Minerals Ltd | -10% | 12% | 217% | 128% | 0.285 | $36,028,472 |
| ABX | ABX Group Limited | -10% | -10% | -22% | 27% | 0.14 | $32,420,668 |
| VUL | Vulcan Energy | -10% | -21% | -30% | -46% | 6.29 | $901,579,043 |
| IDA | Indiana Resources | -10% | -22% | -24% | -5% | 0.052 | $25,157,851 |
| EVR | Ev Resources Ltd | -11% | -19% | -60% | -24% | 0.025 | $23,149,602 |
| PAN | Panoramic Resources | -11% | -22% | -54% | -30% | 0.16 | $317,891,671 |
| SHH | Shree Minerals Ltd | -11% | -20% | -50% | -27% | 0.008 | $9,907,895 |
| GAL | Galileo Mining Ltd | -12% | -6% | 471% | 380% | 1.2 | $232,941,747 |
| INR | Ioneer Ltd | -12% | -20% | -24% | -15% | 0.5425 | $1,112,011,060 |
| BMM | Balkanminingandmin | -12% | -13% | -30% | -63% | 0.26 | $11,182,797 |
| BOA | Boadicea Resources | -12% | -21% | -45% | -37% | 0.11 | $8,546,988 |
| PNT | Panthermetalsltd | -12% | -5% | -31% | 0% | 0.18 | $5,490,000 |
| GSR | Greenstone Resources | -13% | -58% | -22% | 0% | 0.028 | $28,505,357 |
| TMB | Tambourahmetals | -13% | -18% | -48% | -30% | 0.14 | $5,766,964 |
| AOA | Ausmon Resorces | -13% | -13% | -36% | 0% | 0.007 | $6,001,025 |
| AVW | Avira Resources Ltd | -13% | -22% | -42% | -42% | 0.0035 | $7,415,765 |
| AOA | Ausmon Resorces | -13% | -13% | -36% | 0% | 0.007 | $6,001,025 |
| ATM | Aneka Tambang | -13% | -13% | -16% | -7% | 1 | $1,303,649 |
| SRL | Sunrise | -13% | -28% | -35% | 15% | 2.07 | $186,419,810 |
| FRS | Forrestaniaresources | -14% | -20% | -46% | -54% | 0.185 | $7,920,091 |
| KTA | Krakatoa Resources | -14% | -10% | -50% | -6% | 0.06 | $20,682,595 |
| NKL | Nickelxltd | -15% | 8% | -3% | -3% | 0.14 | $9,936,000 |
| RMX | Red Mount Min Ltd | -17% | -17% | -44% | -50% | 0.005 | $8,211,819 |
| KOB | Kobaresourceslimited | -17% | -33% | 0% | 0% | 0.1 | $6,500,000 |
| RMX | Red Mount Min Ltd | -17% | -17% | -44% | -50% | 0.005 | $8,211,819 |
| M24 | Mamba Exploration | -17% | -27% | -11% | -35% | 0.12 | $5,061,000 |
| GME | GME Resources Ltd | -17% | -22% | -27% | 36% | 0.095 | $60,040,102 |
| VR8 | Vanadium Resources | -17% | -19% | -28% | -5% | 0.076 | $36,087,640 |
| QXR | Qx Resources Limited | -18% | 129% | -8% | 294% | 0.071 | $59,084,776 |
| LIN | Lindian Resources | -21% | -18% | 576% | 619% | 0.23 | $199,509,921 |
| ALY | Alchemy Resource Ltd | -21% | 13% | 44% | 100% | 0.026 | $29,326,906 |
| MRD | Mount Ridley Mines | -21% | -8% | -45% | -21% | 0.0055 | $32,761,149 |
| WC1 | Westcobarmetals | -21% | 0% | 69% | 2% | 0.22 | $6,765,017 |
| CAI | Calidus Resources | -24% | -35% | -65% | -41% | 0.36 | $153,223,597 |
| WCN | White Cliff Min Ltd | -28% | -28% | -45% | 50% | 0.018 | $13,456,861 |
| NWM | Norwest Minerals | -32% | -40% | -53% | -67% | 0.028 | $6,219,007 |
| WML | Woomera Mining Ltd | -39% | -22% | -46% | -29% | 0.014 | $9,615,663 |
On October 11, E25 announced that a feasibility study into the production of high purity battery grade manganese sulphate monohydrate (HPMSM) for battery markets is on schedule for December 2022 delivery.
The manganese miner, which looks to have overcome early problems at the Butcherbird manganese mine in the Pilbara, is shifting its focus to the emerging battery market.
While manganese is mostly used in steel applications, EV batteries are trending toward higher manganese content to make them safer and more cost-effective, the company says.
Using its own tech, E25 wants to build a bunch of HPMSM plants in major locations around the world, such as Malaysia and the US.
The $165m market cap company has also been engaged in “constructive discussions” with several potential offtake partners in relation to the supply of HPMSM, it says.
“Counterparties to these discussions, aimed at securing binding supply agreements with high quality project partners, have included electric vehicle OEMs as well as established cathode and precursor material manufacturers.
“The discussions have also been focussed on combining offtake, pricing, and finance outcomes to bring certainty to project delivery and, in turn, provide supply and pricing certainty to customers.
“These discussions are progressing well and in line with stated project timelines, the company anticipates being in a position to announce binding agreement(s) in the near future.”
There’s lithium in those Mt Alexander nickel tenements in WA, says small cap explorer SGQ, which has picked up rock chips grading up to 2.7% lithium.
These high-grade lithium results occur within several stacked pegmatite dykes in a north-south zone up to 1.7km long and 1.4km wide, named the Jailbreak prospect.
Field mapping is continuing at Jailbreak where multiple pegmatite outcrops with visual lithium-bearing minerals are now identified up to 1km west of current assay results.
Jailbreak is part of a wider 15km north-south LCT corridor within the project area.
Maiden lithium drilling is scheduled to commence in late October/early November, SGQ says.
PEK’s focus is the NdPr-rich Ngualla rare earths project in Tanzania and refinery in the UK.
There is the expectation that demand for magnet rare earths, the main two being neodymium and praseodymium (NdPr), will increase rapidly alongside growth in the EV and wind power sectors.
PEK’s vertically integrated project is currently the subject of a BFS update – the most advanced of all project studies – which should be released imminently, the company says.
“It is expected that the BFS Update will be finalised and announced during the next 6-8 weeks, together with an update on the status of negotiations on a Framework Agreement and potential offtake marketing arrangements,” the company said August 31.
(Do the maths, it’s coming very soon.)
In February, Chinese rare earth company Shenghe Resources acquired a 19.9% interest in PEK at A$0.99 per share: a 24.5% premium to the last closing price.
QPM will ink a long term collab deal with another top carmaker in General Motors, which includes a material $108m investment and long-term offtake agreement.
As part of the initial investment, GM will subscribe for $31m worth of shares in QPM at 18c per share — a premium of 20% to the last closing price.
GM can also purchase all uncommitted nickel and cobalt sulphate produced in the first 15 years of Phase 1 of QPM’s flagship TECH Project in QLD, being 6,000tpa nickel and 800tpa cobalt.
The remainder is already accounted for under deals with POSCO (3,000tpa nickel, 300tpa cobalt) and LGES (7,000tpa nickel, 700tpa cobalt).
GM then has the option to purchase 100% of nickel and cobalt sulphate under a Phase 2 expansion.
“The collaboration with Queensland Pacific Metals will provide GM with a secure, cost-competitive and long-term supply of nickel and cobalt from a free-trade agreement partner to help support our fast-growing EV production needs,” says Jeff Morrison, GM’s vice president of global purchasing and supply chains.
A project Definitive Feasibility Study (DFS) remains on track for completion before the end of the year.
Mining
Mining
Mining
