• Anecdotal evidence suggests EVs more popular as fuel prices soar
  • Weekly ASX battery metal standouts include St George, Riversgold, Ragusa and Moho

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

 

Are sky-high fuel prices pushing up demand for EVs?

It’s all hearsay and conjecture right now but yes, it certainly looks that way.

EVs are more expensive to buy but far less expensive to run.

In New Zealand, car dealership EV City in Christchurch normally sells 60 EVs throughout a month. They recently sold 30 in one weekend, according to Stuff.

And from early March, UK consumers were conducting 27% more advert views for new EVs than they were the previous week, now accounting for 20% of all advert views, according to Auto Trader.

That’s despite the average new EV costing 35% more than an internal combustion engine (ICE) car.

A report from Carbar found 34% of Aussies are considering buying an electric vehicle in the next two years to avoid the petrol station.

Even 2GB – talkback radio of choice for Sydney’s unwashed masses — is coming around.

Tech expert Trevor Long told Ben Fordham to charge an electric vehicle at home every night would cost $10-$12 a week.

“You’re basically topping up every day with your off-peak electricity overnight … it’s probably 20 per cent of the cost of filling up a petrol car.”

So — will high fuel prices or escalating cost of battery raw materials (and hence EVs) worry car buyers more?

Only the hard sales data will tell us for sure. Stay tuned.

 

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 friendly mail to [email protected]

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
SGQ St George Min 40% 3% -19% -32% 0.063 $37,119,029.03
RGL Riversgold 38% 64% 9% -28% 0.036 $15,353,603.45
SBR Sabre Resources 38% 0% 38% 38% 0.0055 $11,191,475.07
MOH Moho Resources 25% 0% -8% -32% 0.055 $7,157,078.17
ADD Adavale Resource 24% 8% -39% -16% 0.042 $15,961,079.12
RAS Ragusa Minerals 21% -9% -24% -16% 0.064 $7,790,785.46
LKE Lake Resources 20% 41% 128% 239% 1.185 $1,585,322,694.17
WMG Western Mines 20% 14% 11% 0% 0.21 $8,059,150.00
SYA Sayona Mining 19% 29% 0% 416% 0.155 $1,206,900,755.70
WIN Widgienickellimited 19% 32% 0% 0% 0.435 $115,000,000.00
SHH Shree Minerals 18% -5% 54% 25% 0.02 $21,264,737.84
CAE Cannindah Resources 17% 28% 306% 1082% 0.39 $216,165,539.97
KAI Kairos Minerals 17% -6% -21% -6% 0.0245 $49,052,337.28
1MC Morella Corporation 16% 2% -60% -60% 0.0255 $139,757,777.62
NWM Norwest Minerals 15% 11% -13% -17% 0.062 $11,017,050.61
FRB Firebird Metals 14% -7% -43% 0% 0.33 $18,370,732.80
ARL Ardea Resources 13% 3% 75% 73% 0.8 $142,411,728.48
AUZ Australian Mines 13% 0% -22% -3% 0.18 $83,919,750.92
FFX Firefinch 11% 19% 19% 251% 0.79 $954,290,322.00
GME GME Resources 11% 19% 29% 25% 0.08 $42,767,334.86
LRV Larvottoresources 11% -18% 0% 0% 0.205 $8,391,162.50
QXR Qx Resources Limited 11% 49% 300% 247% 0.052 $46,528,289.98
AS2 Askarimetalslimited 10% 25% 102% 0% 0.425 $16,967,861.13
GMC Gulf Manganese Corp 10% 10% 10% 10% 0.0055 $27,017,241.66
PLL Piedmont Lithium Inc 9% 27% 15% -6% 0.865 $510,951,963.50
CNJ Conico 9% -8% -81% -60% 0.012 $12,002,578.49
KGD Kula Gold Limited 9% 9% -14% 14% 0.048 $9,467,727.81
RBX Resource B 9% -3% 15% 459% 0.19 $7,989,517.00
CXO Core Lithium 9% 24% 122% 349% 0.9875 $1,782,292,315.87
VRC Volt Resources 8% -35% -61% -13% 0.013 $37,467,880.17
WCN White Cliff Min 8% -16% 86% 53% 0.026 $16,916,286.37
LOT Lotus Resources 8% 35% 15% 144% 0.3175 $326,968,619.89
ESR Estrella Res 7% -9% -40% -54% 0.029 $34,819,764.66
RAG Ragnar Metals 7% -14% -32% -48% 0.03 $11,180,546.67
GBR Greatbould Resources 7% 15% -3% 288% 0.155 $55,371,550.40
SLZ Sultan Resources 6% 6% 3% -8% 0.17 $14,158,346.13
VML Vital Metals Limited 6% 1% -28% -35% 0.0475 $204,108,671.12
MRR Minrex Resources 5% -8% 269% 157% 0.059 $52,954,059.60
LRS Latin Resources 5% 18% -11% -32% 0.04 $60,413,078.56
CAI Calidus Resources 5% 17% 50% 80% 0.83 $344,227,912.04
G88 Golden Mile Res 5% 15% 19% 21% 0.063 $10,900,154.66
NMT Neometals 5% 14% 85% 301% 1.505 $907,562,935.38
CZN Corazon 5% 14% -1% -31% 0.035 $11,402,699.04
QEM QEM Limited 5% 1% 8% 110% 0.1725 $19,849,083.28
NVA Nova Minerals 4% -32% -59% -63% 0.595 $110,824,405.28
BRB Breaker Res NL 4% 0% -11% 17% 0.24 $78,201,822.96
GL1 Globallith 4% 11% 291% 0% 1.565 $231,404,975.80
VUL Vulcan Energy 4% 0% -44% 50% 8.835 $1,208,501,926.20
INF Infinity Lithium 4% -15% 46% -15% 0.145 $60,150,268.95
LPD Lepidico 3% -11% 19% 41% 0.031 $199,914,015.46
LEG Legend Mining 3% -6% -6% -46% 0.068 $192,859,500.47
IMI Infinitymining 3% -8% 0% 0% 0.175 $10,350,000.00
WR1 Winsome Resources 3% -8% 0% 0% 0.355 $47,733,297.87
VMC Venus Metals Cor 3% -8% 6% -3% 0.185 $28,704,949.77
AR3 Austrare 3% -6% -19% 0% 0.77 $59,080,052.57
ARU Arafura Resource 3% -5% 26% 0% 0.195 $317,835,553.06
AGY Argosy Minerals 2% -6% 105% 221% 0.3375 $462,906,193.05
KFM Kingfisher Mining 2% -6% 21% -10% 0.235 $7,876,350.23
JMS Jupiter Mines. 2% 11% 9% -24% 0.245 $460,362,892.76
KZR Kalamazoo Resources 2% -9% -18% -34% 0.295 $43,558,312.20
HNR Hannans 2% -10% 64% 311% 0.0325 $88,613,230.18
TNG TNG Limited 2% 3% -23% -34% 0.065 $87,470,347.99
SRL Sunrise 1% 7% 14% -20% 1.925 $189,121,545.90
PNN PepinNini Minerals 1% -2% 19% 5% 0.4 $25,711,691.88
RXL Rox Resources 1% -8% -2% -27% 0.405 $68,421,083.54
MLS Metals Australia 1% 93% 103% 35% 0.081 $19,906,535.22
NTU Northern Min 1% -1% 20% 26% 0.0505 $247,682,331.25
ESS Essential Metals 1% -13% 61% 193% 0.3375 $87,933,144.96
LEL Lithenergy 1% -14% 52% 0% 0.86 $38,250,000.00
VIA Viagold Rare Earth 0% 0% 1150% 2400% 2 $166,624,808.00
COB Cobalt Blue 0% 19% 95% 79% 0.645 $210,592,548.93
MAN Mandrake Res 0% -8% -20% -69% 0.045 $22,655,789.29
RLC Reedy Lagoon Corp. 0% -17% 4% 4% 0.025 $14,257,287.98
FGR First Graphene 0% -11% -16% -36% 0.16 $88,553,945.92
ADV Ardiden 0% -22% -11% -34% 0.0125 $31,927,708.27
SRI Sipa Resources 0% 2% -15% -4% 0.052 $11,071,339.36
AAJ Aruma Resources 0% -32% -10% 41% 0.082 $12,870,843.25
BEM Blackearth Minerals 0% -8% -21% -21% 0.11 $29,738,084.42
ATM Aneka Tambang 0% 0% 10% 10% 1.1025 $1,437,273.02
RMX Red Mount Min 0% -20% -20% -27% 0.008 $13,960,092.79
AQD Ausquest Limited 0% -6% -6% -15% 0.017 $14,027,536.79
LML Lincoln Minerals 0% 0% 0% 0% 0.008 $4,599,869.49
BMM Balkanminingandmin 0% -26% -66% 0% 0.25 $8,678,750.00
AML Aeon Metals . 0% 2% -14% -52% 0.048 $41,991,731.07
BOA Boadicea Resources 0% -11% -3% -15% 0.195 $15,151,479.53
NKL Nickelx 0% -15% -29% 0% 0.145 $8,302,500.00
BNR Bulletin Res 0% 43% 81% 119% 0.15 $45,689,585.60
AM7 Arcadia Minerals 0% 0% -12% 0% 0.23 $8,048,275.00
BYH Bryah Resources 0% -16% -12% -19% 0.046 $10,405,530.05
GSM Golden State Mining 0% -17% -45% -49% 0.076 $6,314,686.86
KOR Korab Resources 0% -2% 105% 221% 0.045 $17,251,350.00
CMX Chemxmaterials 0% -12% 0% 0% 0.18 $8,341,335.18
EMN Euromanganese 0% -17% -29% -31% 0.395 $102,922,494.80
CML Chase Mining Limited 0% -13% -32% -19% 0.013 $6,085,725.89
RR1 Reach Resources 0% -11% 14% 118% 0.008 $12,752,099.71
AVW Avira Resources 0% -17% 0% -29% 0.005 $11,653,345.00
MTM Mtmongerresources 0% -6% -30% 0% 0.16 $4,993,605.28
SRZ Stellar Resources 0% -23% -25% 0% 0.027 $22,607,170.90
TLG Talga Group 0% -2% -10% 6% 1.375 $428,109,849.20
IXR Ionic Rare Earths -1% -10% 63% 16% 0.0555 $204,653,970.84
EUR European Lithium -1% -18% 13% 38% 0.094 $111,732,786.70
BKT Black Rock Mining -1% -9% 24% 53% 0.2225 $200,564,438.77
BSX Blackstone -1% -25% -19% 0% 0.445 $202,318,904.25
LMG Latrobe Magnesium -1% -14% 244% 310% 0.086 $140,758,336.49
TMT Technology Metals -1% -1% -21% -4% 0.335 $69,244,872.60
AKE Allkem Limited -2% 5% -1% 99% 9.51 $6,496,385,721.34
PAM Pan Asia Metals -2% -9% 0% 257% 0.5 $37,565,908.44
EVR Ev Resources -2% -14% 41% 30% 0.048 $44,447,235.41
EFE Eastern Resources -2% -15% 52% 404% 0.047 $47,433,048.29
PNT Panthermetals -2% -4% 0% 0% 0.235 $6,580,000.00
AX8 Accelerate Resources -2% 7% 5% -21% 0.045 $11,912,568.25
GRE Greentechmetals -2% -18% 0% 0% 0.225 $6,342,249.77
LIT Lithium Australia NL -2% -7% -10% -10% 0.1075 $113,582,765.56
CWX Carawine Resources -2% 24% 5% -40% 0.21 $29,634,384.61
KTA Krakatoa Resources -2% -13% -35% -34% 0.042 $12,377,816.51
PSC Prospect Res -2% 1% 118% 388% 0.83 $368,756,093.84
DTM Dart Mining NL -2% -2% -25% -56% 0.083 $10,332,747.19
TMB Tambourahmetals -2% -16% -13% 0% 0.205 $8,856,408.57
AVL Aust Vanadium -3% 0% 67% 84% 0.035 $115,507,347.03
MMC Mitremining -3% -8% 0% 0% 0.175 $5,146,169.00
S2R S2 Resources -3% -6% 68% -3% 0.165 $60,583,725.35
AZI Altamin Limited -3% 6% -18% -26% 0.066 $26,832,164.69
GLN Galan Lithium -3% -8% 19% 166% 1.29 $417,091,088.40
CMO Cosmometalslimited -3% -32% 0% 0% 0.15 $3,826,500.00
SYR Syrah Resources -3% -7% -4% 11% 1.29 $899,981,897.09
STK Strickland Metals -3% -11% 46% 166% 0.057 $74,230,691.00
PGD Peregrine Gold -3% -14% 26% 0% 0.4925 $18,139,063.93
MNS Magnis Energy Tech -4% -12% 19% 30% 0.41 $410,458,764.83
AZL Arizona Lithium -4% -7% 233% 242% 0.13 $269,698,471.43
RNU Renascor Res -4% -12% 96% 190% 0.255 $504,456,538.44
PGM Platina Resources -4% -4% -32% 9% 0.049 $21,719,117.10
CRR Critical Resources -4% -29% 223% 274% 0.071 $106,371,828.14
JRV Jervois Global -4% 21% 47% 83% 0.7575 $1,147,411,975.56
JRL Jindalee Resources -4% -2% -16% 83% 2.78 $150,950,065.14
AOU Auroch Minerals -4% -4% -43% -43% 0.115 $43,356,215.88
EGR Ecograf Limited -4% -15% -39% -33% 0.5125 $238,676,733.27
GAL Galileo Mining -5% 8% -34% -16% 0.21 $37,050,025.10
CHR Charger Metals -5% -15% 3% 0% 0.615 $20,841,195.52
BUX Buxton Resources -5% -9% 41% 43% 0.1 $15,646,374.68
PUR Pursuit Minerals -5% -23% -61% -67% 0.02 $19,856,533.07
PAN Panoramic Resources -5% 12% 29% 115% 0.29 $635,783,341.24
A8G Australasian Metals -5% -17% 86% 0% 0.455 $19,080,984.65
STM Sunstone Metals -5% -15% 213% 454% 0.072 $163,485,031.47
GW1 Greenwing Resources -5% -29% -26% -24% 0.265 $33,648,754.70
LYC Lynas Rare Earths -5% 6% 24% 49% 9.43 $9,249,718,428.50
PRL Province Resources -5% -30% -47% -30% 0.087 $105,462,035.88
POS Poseidon Nick -5% -10% -25% 43% 0.086 $269,628,438.29
MRD Mount Ridley Mines -6% -6% 113% 113% 0.0085 $51,966,764.30
HXG Hexagon Energy -6% -9% -37% -51% 0.051 $23,213,800.12
WML Woomera Mining -6% -6% -22% -18% 0.017 $12,272,995.19
AKN Auking Mining -6% -15% -18% -59% 0.165 $11,961,294.52
ZNC Zenith Minerals -6% -6% 32% 144% 0.33 $111,768,850.38
MQR Marquee Resource -6% -25% 34% 62% 0.094 $21,207,455.00
LTR Liontown Resources -6% 6% 13% 249% 1.485 $3,463,715,812.84
FG1 Flynngold -6% -9% 3% 0% 0.155 $10,249,768.00
AOA Ausmon Resorces -6% 7% 7% -6% 0.0075 $6,858,314.74
OMH OM Holdings Limited -6% -7% 15% 22% 0.885 $653,681,653.25
CTM Centaurus Metals -6% 4% 15% 56% 1.245 $543,486,622.58
LPI Lithium Pwr Int -7% -8% 90% 111% 0.57 $209,261,908.80
AZS Azure Minerals -7% -13% -1% 11% 0.34 $114,972,216.77
MCR Mincor Resources NL -7% 17% 54% 106% 2.08 $1,036,503,350.40
TON Triton Min -7% -21% -16% -49% 0.026 $37,283,525.31
ENT Enterprise Metals -7% -24% -18% -45% 0.013 $8,644,237.95
AVZ AVZ Minerals -7% 0% 217% 336% 0.8075 $2,968,774,248.80
HAS Hastings Tech Met -7% -9% 24% 24% 0.255 $459,109,933.62
MIN Mineral Resources. -8% -13% -15% 11% 44.4 $8,841,966,879.02
ALY Alchemy Resource -8% 0% -12% 2% 0.012 $11,428,138.68
ILU Iluka Resources -8% -15% -5% 43% 9.93 $4,324,109,888.40
ARR American Rare Earths -8% -15% 115% 286% 0.355 $145,466,915.25
MRC Mineral Commodities -8% -8% -30% -70% 0.115 $65,536,352.67
WKT Walkabout Resources -8% -20% 7% 55% 0.225 $101,761,900.20
IPX Iperionx Limited -8% -5% -25% 5% 0.9 $136,001,278.73
EMH European Metals Hldg -8% -17% -31% -35% 1.1 $156,966,315.98
RFR Rafaella Resources -8% -8% -41% -50% 0.055 $12,676,367.71
LSR Lodestar Minerals -8% 22% 22% 0% 0.011 $19,122,810.83
PLS Pilbara Min -9% -15% 14% 148% 2.575 $8,275,599,056.54
TEM Tempest Minerals -9% -9% -7% -23% 0.021 $8,355,918.86
TKL Traka Resources -9% -17% -29% -44% 0.01 $6,887,745.61
REE Rarex Limited -9% -18% -18% -28% 0.09 $54,019,614.34
VR8 Vanadium Resources -9% -10% 9% 71% 0.07 $35,010,315.68
PEK Peak Rare Earths -9% -24% -24% -36% 0.645 $134,077,738.09
DEV Devex Resources -9% -8% -2% 84% 0.395 $133,528,186.83
IGO IGO Limited -10% -3% 20% 84% 11.755 $9,458,274,984.37
GT1 Greentechnology -10% -13% 0% 0% 0.705 $78,970,000.00
ARN Aldoro Resources -10% -17% -31% 64% 0.32 $29,613,734.37
BHP BHP Group Limited -10% -6% 9% -5% 45.38 $239,751,626,278.40
GED Golden Deeps -10% -18% -18% -10% 0.009 $6,982,662.96
EMS Eastern Metals -10% -18% 0% 0% 0.18 $6,586,000.00
AXE Archer Materials -10% -16% -48% -17% 0.88 $235,188,846.65
QPM Queensland Pacific -10% -21% -42% 38% 0.13 $208,320,272.69
ASN Anson Resources -10% -10% -2% 31% 0.1075 $117,460,917.20
TSC Twenty Seven Co. -11% 14% 0% -38% 0.004 $10,643,255.62
CHN Chalice Mining -11% -18% -5% 61% 6.76 $2,691,077,932.92
CLA Celsius Resource -11% -35% -35% -56% 0.0195 $23,207,849.59
OZL OZ Minerals -12% -5% -2% 7% 24.345 $8,427,018,852.00
INR Ioneer -12% -20% -36% 9% 0.4575 $974,010,489.53
GSR Greenstone Resources -13% -5% 25% 59% 0.035 $32,992,332.80
NWC New World Resources -13% -17% -19% -17% 0.055 $94,084,516.50
PVW PVW Res -13% -21% 206% 259% 0.52 $37,753,171.88
S32 South32 Limited -14% 2% 36% 64% 4.63 $22,585,583,163.24
MLX Metals X Limited -14% -1% 87% 143% 0.57 $580,650,282.88
ENV Enova Mining Limited -15% -15% -32% -37% 0.017 $5,757,200.35
SCN Scorpion Minerals -15% -22% -6% 20% 0.06 $17,517,902.48
EMT Emetals Limited -17% -17% -25% -35% 0.015 $13,600,000.00
NC1 Nicoresourceslimited -17% 4% 0% 0% 0.615 $55,403,751.27
FRS Forrestaniaresources -20% -21% 0% 0% 0.305 $9,834,581.40
IPT Impact Minerals -20% -8% -14% -48% 0.012 $26,309,333.95
E25 Element 25 -21% -35% -62% -63% 0.78 $135,912,228.41
CNB Carnaby Resource -25% -20% 201% 429% 1.19 $186,595,828.90
NIC Nickel Mines Limited -31% -19% 5% -19% 1.145 $3,016,623,965.10

 

Weekly ASX small cap standouts

ST GEORGE MINING (ASX:SGQ)

What a coup.

Julian Hanna, co-founder and managing director of nickel miner Western Areas (ASX:WSA), will join explorer SGQ as general manager for growth and development.

During his 12-year tenure, WSA grew from a $6m IPO to Australia’s No. 1 independent nickel sulphide producer.

In 2013, he joined explorer MOD Resources as managing director. Under his leadership, MOD established a substantial exploration holding in the underexplored Kalahari Copper Belt in Botswana and delivered exploration success through the discovery of the significant T3 and A4 copper deposits.

Sandfire Resources (ASX:SFR) then acquired MOD in 2019 in a $167 million takeover.

Hanna says SGQ has a quality portfolio of projects with similarities to other opportunities he has been involved with.

“The work already completed at the [flagship] Mt Alexander and Paterson Projects underscores their compelling exploration potential,” he says.

“I am excited about returning to a highly promising nickel and base metals exploration story in Western Australia and look forward to contributing to the growth of St George.”

 

RIVERSGOLD (ASX:RGL)

The mini cap gold explorer is pivoting to lithium, like everyone else.

Late last week it announced the proposed acquisition of four lithium-prospective tenements in the Pilbara from private co EV Minerals in an all-share deal.

‘Tambourah’, the project RGL seems most excited about, has multiple outcropping pegmatites containing lepidolite and potentially spodumene, as confirmed by recent reconnaissance mapping.

“The exciting thing about these pegmatites are that they remain untested by drilling as historical exploration focused on gold and copper albeit never followed up,” RGL CEO Julian Ford says.

“We are excited to be the first company to focus on the lithium potential and look forward to getting on the ground to refine the established targets.”

 

RAGUSA MINERALS (ASX:RAS)

Another explorer branches out into lithium.

RAS applied for three tenements prospective for lithium in the Northern Territory, known as the Litchfield and Daly River lithium projects.

Both projects are near Core Lithium’s (ASX:CXO) Finnis project, and Ragusa says Daly River is in the same geological setting.

 

MOHO RESOURCES (ASX:MOH)

Explorer MOH has identified three high-quality nickel targets at the ‘Silver Swan’ project in WA called Omrah, Wise and Dukes.

Diamond drilling has now kicked off at ‘Omrah’, which sits on an untested electromagnetic (EM) conductor ~405m deep.

The results of a shallower 3,000m, 14-hole drilling program at Omrah and Wise completed in January are also pending.