• Belgium’s Umicore delays construction of Canadian cathode plant
  • German chemicals maker BASF abandons lithium investment plans
  • World’s biggest battery maker CATL pushes ahead with expansion plans

 

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

Last week it was lithium players looking at reducing output off the back of sluggish prices and this week its battery material producers like Belgium’s Umicore winding back expansion plans, according to Bloomberg Hyperdrive.

Umicore is delaying construction of a C$2.8bn (A$3.08bn) cathode materials plant in Canada which was expected to open by 2026 and supply battery materials for up to 800,000 electric vehicles annually.

The company is now projecting two more years of losses at its battery materials division.

Umicore, which has a joint venture with Volkswagen, is following the likes of automakers like Tesla, General Motors and Porsche in rethinking their EV outlook against a backdrop of slowing demand – even though the long-term EV outlook is fairly positive.

Back in June, Umicore said it was starting to reassess its new projects around the world due to the EV slowdown and manufacturers’ ongoing reviews of investment plans.

“In recent months, short and medium-term growth projections for the electric vehicles market have been scaled back substantially, significantly affecting Umicore’s battery materials business,” Umicore CEO Bart Sap said.

“The large impairment of our Battery Materials assets is painful and reflects the changed situation as we see it today.

“In the coming months, we will continue to thoroughly reassess our battery materials activities, with energy and an open mind, always in close alignment with our customers and partners.”

And they’re not the only battery producer slowing down.

Earlier this month German chemicals maker BASF abandoned plans to invest in lithium mining assets in Chile.

They also scrapped a planned $2.6 billion nickel-cobalt project in Indonesia with France’s Eramet – which last week lowered its planned capital expenditure for an Argentinian lithium project after postponing the start of construction on a second plant until next year.

On the flipside, the world’s biggest battery maker, China’s CATL, is pushing ahead with expansion plans after reporting a rise in second-quarter net income last week.

 

 

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>>>

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop.

Code Company Price % Week % Month % Six Month % Year Market Cap
XTC XTC Lithium Limited 0.2 19900% 19900% 19900% 0% $17,528,272
TKL Traka Resources 0.0015 50% 0% -25% -79% $2,918,488
RMX Red Mount Min Ltd 0.0015 50% 50% -43% -66% $5,135,366
AAJ Aruma Resources Ltd 0.016 45% 33% -24% -62% $2,756,481
ENT Enterprise Metals 0.004 33% 33% 0% 0% $4,373,269
FIN FIN Resources Ltd 0.008 33% 0% -53% -47% $5,194,150
PGD Peregrine Gold 0.19 31% -10% -37% -27% $12,557,508
PEK Peak Rare Earths Ltd 0.22 26% 19% -15% -56% $58,614,745
ESR Estrella Res Ltd 0.005 25% 25% 0% -44% $8,796,859
FTL Firetail Resources 0.075 25% 3% 34% -4% $15,173,536
BUR Burleyminerals 0.135 23% -21% 29% -16% $20,300,077
KTA Krakatoa Resources 0.011 22% -15% -45% -66% $5,193,179
CTN Catalina Resources 0.003 20% 0% 0% -25% $3,715,461
ODE Odessa Minerals Ltd 0.003 20% 0% -57% -67% $3,129,848
PTR Petratherm Ltd 0.02 18% 18% -20% -71% $4,073,757
TMX Terrain Minerals 0.0035 17% -13% -30% -42% $6,181,101
EVG Evion Group NL 0.023 15% 28% -28% -39% $7,980,153
ALY Alchemy Resource Ltd 0.008 14% 33% 0% -47% $9,424,610
SLZ Sultan Resources Ltd 0.008 14% -11% -46% -77% $1,580,692
HRE Heavy Rare Earths 0.035 13% 0% -31% -64% $2,117,078
DLI Delta Lithium 0.24 12% -9% -17% -72% $167,650,678
POS Poseidon Nick Ltd 0.005 11% 25% -29% -80% $18,567,674
STM Sunstone Metals Ltd 0.01 11% 11% 11% -66% $34,667,133
MLS Metals Australia 0.021 11% 11% -32% -34% $15,240,110
MEK Meeka Metals Limited 0.042 11% 25% 17% 11% $53,092,484
ETM Energy Transition 0.022 10% 0% -44% -58% $32,301,823
AQD Ausquest Limited 0.012 9% -8% -14% -20% $9,901,791
DVP Develop Global Ltd 2.04 9% -6% -15% -38% $541,912,520
PGM Platina Resources 0.027 8% -4% 42% -4% $16,825,869
PVW PVW Res Ltd 0.028 8% 33% -38% -67% $2,839,334
KOB Kobaresourceslimited 0.15 7% 7% 0% 7% $23,784,242
VTM Victory Metals Ltd 0.375 7% 15% 70% -5% $33,394,785
GRL Godolphin Resources 0.015 7% -29% -65% -63% $3,208,368
IPT Impact Minerals 0.016 7% 7% 33% 0% $48,950,939
SGQ St George Min Ltd 0.033 6% 29% 27% -20% $32,621,834
A8G Australasian Metals 0.085 6% 18% -29% -43% $4,482,362
E25 Element 25 Ltd 0.255 6% 16% -9% -58% $58,276,786
THR Thor Energy PLC 0.017 6% 21% -51% -62% $3,995,417
VMS Venture Minerals 0.019 6% -14% 111% 36% $46,344,451
NVX Novonix Limited 0.71 5% 0% 22% -24% $354,768,669
CY5 Cygnus Metals Ltd 0.064 5% 52% -3% -80% $23,447,719
CWX Carawine Resources 0.09 5% 5% -14% -30% $21,251,290
MQR Marquee Resource Ltd 0.0115 5% 5% -45% -69% $4,753,920
QEM QEM Limited 0.145 4% 7% -22% -29% $21,951,798
RXL Rox Resources 0.15 3% 15% -16% -37% $61,086,336
IG6 Internationalgraphit 0.09 3% 3% -31% -57% $17,420,250
NTU Northern Min Ltd 0.031 3% -5% 19% -14% $180,284,867
NIC Nickel Industries 0.81 3% 1% 12% 0% $3,450,076,953
GAL Galileo Mining Ltd 0.185 3% -10% -14% -65% $36,560,611
LIT Lithium Australia 0.0215 2% 19% -23% -33% $26,047,175
VUL Vulcan Energy 4.4 2% 17% 100% 0% $796,037,655
1MC Morella Corporation 0.044 2% -41% -56% -78% $10,874,737
BNR Bulletin Res Ltd 0.05 2% 22% -41% -12% $14,680,666
LYC Lynas Rare Earths 6.12 2% 3% 4% -7% $5,692,433,747
L1M Lightning Minerals 0.066 2% -4% -27% -64% $6,051,497
LEL Lithenergy 0.37 1% 0% 7% -47% $40,880,573
S32 South32 Limited 3 1% -18% -10% -22% $13,633,068,290
BHP BHP Group Limited 41.57 0% -3% -12% -9% $210,671,390,138
RIL Redivium Limited 0.002 0% -33% -67% -82% $5,461,710
LPD Lepidico Ltd 0.002 0% -33% -65% -86% $25,767,375
MRD Mount Ridley Mines 0.001 0% 0% -50% -50% $7,784,883
CZN Corazon Ltd 0.005 0% 0% -55% -67% $3,339,528
LKE Lake Resources 0.036 0% -10% -63% -84% $60,066,750
RLC Reedy Lagoon Corp. 0.003 0% 0% -40% -61% $2,168,393
HXG Hexagon Energy 0.013 0% 30% 0% 18% $6,667,907
MNS Magnis Energy Tech 0.042 0% 0% 0% -58% $50,378,922
0 0% 0% 0% 0%
EUR European Lithium Ltd 0.047 0% -15% -44% -44% $62,915,519
JLL Jindalee Lithium Ltd 0.295 0% -3% -70% -83% $16,338,161
SBR Sabre Resources 0.014 0% -18% -44% -62% $5,501,467
AXN Alliance Nickel Ltd 0.038 0% 0% -3% -60% $27,581,905
SRI Sipa Resources Ltd 0.018 0% 38% -10% -31% $4,106,846
AXE Archer Materials 0.31 0% -7% 0% -43% $79,002,574
IXR Ionic Rare Earths 0.01 0% 0% -47% -52% $48,697,626
PAN Panoramic Resources 0.035 0% 0% 0% -33% $103,937,992
PRL Province Resources 0.041 0% 0% 0% 0% $48,441,219
0 0% 0% 0% 0%
AVL Aust Vanadium Ltd 0.016 0% 7% -20% -52% $129,253,474
AUZ Australian Mines Ltd 0.009 0% 29% 0% -61% $11,188,097
RNU Renascor Res Ltd 0.088 0% 0% 4% -51% $221,100,974
0 0% 0% 0% 0%
MRC Mineral Commodities 0.026 0% 18% 0% -46% $25,596,288
PUR Pursuit Minerals 0.003 0% 50% -45% -79% $10,906,200
MOH Moho Resources 0.005 0% 25% -44% -55% $2,695,891
G88 Golden Mile Res Ltd 0.011 0% 0% -27% -74% $4,112,229
WKT Walkabout Resources 0.105 0% -5% -16% -16% $67,126,145
TON Triton Min Ltd 0.01 0% -9% -44% -66% $15,683,887
S2R S2 Resources 0.11 0% 21% -24% -35% $52,078,669
CNJ Conico Ltd 0.001 0% 0% -75% -88% $2,201,528
BOA Boadicea Resources 0.02 0% 11% -33% -46% $2,467,057
MRR Minrex Resources Ltd 0.009 0% 0% -31% -47% $9,763,808
EFE Eastern Resources 0.005 0% 0% -29% -58% $4,967,786
LSR Lodestar Minerals 0.001 0% 0% -38% -84% $2,600,780
TMB Tambourahmetals 0.045 0% -25% -49% -87% $3,732,316
TEM Tempest Minerals 0.009 0% 20% 18% -33% $4,890,387
KOR Korab Resources 0.008 0% 14% -27% -65% $2,936,400
GRE Greentechmetals 0.12 0% -25% -51% -67% $9,969,597
FRB Firebird Metals 0.13 0% -21% 8% 0% $15,659,754
SCN Scorpion Minerals 0.017 0% 13% -39% -75% $6,960,755
RBX Resource B 0.04 0% 18% -47% -75% $3,307,379
AKN Auking Mining Ltd 0.017 0% -11% -48% -72% $5,417,680
PNT Panthermetalsltd 0.036 0% 50% -28% -54% $3,137,982
AVW Avira Resources Ltd 0.001 0% 0% -50% -50% $2,938,790
CAI Calidus Resources 0.115 0% 0% -39% -36% $93,678,206
KAI Kairos Minerals Ltd 0.0085 0% -15% -47% -58% $22,277,754
RAS Ragusa Minerals Ltd 0.016 0% 0% -50% -74% $2,281,581
SRZ Stellar Resources 0.02 0% 0% 186% 82% $38,835,036
ASO Aston Minerals Ltd 0.01 0% 11% -41% -81% $12,950,643
YAR Yari Minerals Ltd 0.003 0% 0% -75% -84% $1,447,073
LPM Lithium Plus 0.11 0% -33% -54% -60% $14,557,400
CLZ Classic Min Ltd 0.001 0% 0% -98% -98% $1,253,842
AOA Ausmon Resorces 0.003 0% 50% 50% -25% $3,176,998
TKM Trek Metals Ltd 0.032 0% 7% -16% -60% $14,890,713
CDT Castle Minerals 0.004 0% 0% -33% -68% $5,311,305
LLI Loyal Lithium Ltd 0.125 0% -24% -48% -61% $11,591,633
PMT Patriotbatterymetals 0.495 0% -12% -39% -69% $305,303,242
OM1 Omnia Metals Group 0.078 0% 0% 0% -57% $4,550,568
LLL Leolithiumlimited 0.505 0% 0% 0% -56% $605,079,142
SRN Surefire Rescs NL 0.007 0% -13% -30% -53% $15,890,463
WSR Westar Resources 0.008 0% -20% -53% -65% $3,189,799
REC Rechargemetals 0.031 0% 19% -57% -88% $4,330,389
DYM Dynamicmetalslimited 0.17 0% 13% 13% -28% $6,120,000
LCY Legacy Iron Ore 0.018 0% 38% 6% -5% $138,843,869
RON Roninresourcesltd 0.12 0% 4% -14% -23% $4,419,001
ASR Asra Minerals Ltd 0.006 0% 50% 0% -33% $12,216,476
WA1 Wa1Resourcesltd 14.94 0% -23% 44% 133% $988,554,426
IPX Iperionx Limited 2.23 0% 9% 20% 101% $574,137,056
OMH OM Holdings Limited 0.43 -1% -3% -10% -24% $329,490,424
PAM Pan Asia Metals 0.08 -1% -50% -50% -64% $14,841,467
BC8 Black Cat Syndicate 0.33 -1% 8% 35% -13% $126,630,269
BKT Black Rock Mining 0.06 -2% 3% -6% -43% $75,112,318
TVN Tivan Limited 0.054 -2% -26% -2% -25% $93,037,009
JMS Jupiter Mines. 0.25 -2% -21% 39% 22% $519,401,410
WMG Western Mines 0.24 -2% -27% 26% -52% $19,416,258
STK Strickland Metals 0.095 -2% -10% -2% 102% $210,183,815
CHN Chalice Mining Ltd 1.06 -2% -25% -4% -82% $410,356,286
NMT Neometals Ltd 0.07 -3% -19% -53% -85% $43,626,200
HAW Hawthorn Resources 0.067 -3% 14% -29% -48% $22,446,046
GED Golden Deeps 0.033 -3% -3% -11% -59% $4,001,988
WC1 Westcobarmetals 0.03 -3% -9% -46% -67% $4,575,010
CHR Charger Metals 0.059 -3% -8% -51% -80% $4,567,795
RVT Richmond Vanadium 0.29 -3% 23% -13% -33% $25,000,264
MAN Mandrake Res Ltd 0.026 -4% -10% -37% -43% $15,418,998
ADV Ardiden Ltd 0.13 -4% 4% -26% -57% $8,127,276
ARN Aldoro Resources 0.078 -4% 11% -19% -51% $10,769,899
ATM Aneka Tambang 1.03 -4% -4% -12% -6% $1,342,758
PLS Pilbara Min Ltd 2.78 -4% -9% -23% -44% $8,398,062,434
ANX Anax Metals Ltd 0.025 -4% 9% 9% -59% $16,627,610
FGR First Graphene Ltd 0.049 -4% -4% -18% -36% $33,621,838
TLG Talga Group Ltd 0.4225 -4% -27% -30% -68% $163,437,484
VR8 Vanadium Resources 0.048 -4% -11% 26% -36% $28,131,260
CTM Centaurus Metals Ltd 0.345 -4% -20% 15% -59% $168,713,328
LRV Larvottoresources 0.115 -4% -4% 55% -7% $36,954,535
WIN WIN Metals 0.023 -4% 0% -72% -89% $7,358,611
ILU Iluka Resources 5.93 -4% -9% -18% -43% $2,533,369,458
LIN Lindian Resources 0.11 -4% 5% -19% -70% $132,586,057
MIN Mineral Resources. 52.02 -4% -4% -14% -28% $10,215,037,036
CMX Chemxmaterials 0.043 -4% -10% -36% -46% $5,716,004
SRL Sunrise 0.41 -5% 24% 14% -67% $36,993,274
CNB Carnaby Resource Ltd 0.505 -5% 5% -20% -53% $86,828,309
KNI Kunikolimited 0.19 -5% -5% -19% -57% $16,486,161
PBL Parabellumresources 0.038 -5% -3% -42% -89% $2,367,400
WR1 Winsome Resources 0.565 -5% -26% -4% -66% $124,392,161
AM7 Arcadia Minerals 0.036 -5% -12% -48% -67% $4,213,804
CAE Cannindah Resources 0.052 -5% -10% -33% -64% $30,060,158
ZNC Zenith Minerals Ltd 0.05 -6% -2% -63% -47% $17,619,044
MLX Metals X Limited 0.415 -6% -1% 41% 28% $380,610,748
VMC Venus Metals Cor Ltd 0.082 -6% 19% -18% -34% $15,747,481
DEV Devex Resources Ltd 0.24 -6% -24% -4% -29% $112,503,621
IDA Indiana Resources 0.08 -6% -2% -1% 18% $48,212,217
IGO IGO Limited 5.295 -6% -6% -32% -63% $4,089,246,190
SYA Sayona Mining Ltd 0.031 -6% -14% -26% -79% $308,798,880
1AE Auroraenergymetals 0.061 -6% -10% -56% 2% $10,743,824
COB Cobalt Blue Ltd 0.076 -6% -7% -53% -79% $32,108,081
ARL Ardea Resources Ltd 0.455 -6% -10% 18% -34% $89,857,312
BUX Buxton Resources Ltd 0.075 -6% 7% -46% -46% $15,626,134
WCN White Cliff Min Ltd 0.015 -6% 0% 0% 50% $24,440,811
EV1 Evolutionenergy 0.029 -6% -15% -79% -84% $9,740,249
DRE Dreadnought Resources Ltd 0.0215 -7% 8% 2% -61% $76,024,000
INF Infinity Lithium 0.0495 -7% -7% -44% -55% $22,898,309
LMG Latrobe Magnesium 0.041 -7% -13% -30% -28% $95,331,407
LTM Arcadium Lithium PLC 4.77 -7% -3% -41% 0% $1,774,012,890
LTR Liontown Resources 0.915 -7% 1% -11% -67% $2,218,879,465
CXO Core Lithium 0.091 -7% -2% -53% -86% $194,461,135
KFM Kingfisher Mining 0.065 -7% -2% -43% -80% $3,491,475
GBR Greatbould Resources 0.05 -7% -17% -17% -34% $30,325,365
SUM Summitminerals 0.185 -8% -46% 168% 32% $13,297,419
KNG Kingsland Minerals 0.185 -8% -8% -29% -38% $11,368,213
LEG Legend Mining 0.012 -8% 9% -25% -68% $34,913,726
BM8 Battery Age Minerals 0.12 -8% -14% -25% -68% $11,162,897
A11 Atlantic Lithium 0.35 -8% -5% -10% -20% $253,370,931
ASN Anson Resources Ltd 0.115 -8% 5% 22% -21% $154,863,385
EMC Everest Metals Corp 0.115 -8% -12% 46% -30% $21,422,558
KZR Kalamazoo Resources 0.067 -8% -19% -29% -50% $12,051,078
LML Lincoln Minerals 0.0055 -8% -8% 10% -21% $11,309,427
GSM Golden State Mining 0.011 -8% 10% -8% -65% $3,073,077
RR1 Reach Resources Ltd 0.011 -8% -35% -20% -76% $8,744,313
RGL Riversgold 0.0055 -8% -8% -45% -61% $7,301,044
AZI Altamin Limited 0.033 -8% -8% -35% -58% $14,482,018
RR1 Reach Resources Ltd 0.011 -8% -35% -20% -76% $8,744,313
ASL Andean Silver 0.695 -9% -12% 216% 148% $80,431,884
QPM Queensland Pacific 0.032 -9% -3% -20% -68% $90,762,439
GL1 Globallith 0.265 -9% -2% -52% -86% $67,747,982
EGR Ecograf Limited 0.105 -9% -13% -22% -34% $45,403,182
EVR Ev Resources Ltd 0.005 -9% 0% -50% -63% $6,856,357
ABX ABX Group Limited 0.05 -9% 6% -29% -49% $12,502,016
ARR American Rare Earths 0.245 -9% -8% 75% 48% $123,605,825
OCN Oceanalithiumlimited 0.039 -9% 15% -38% -86% $3,299,920
BCA Black Canyon Limited 0.075 -10% -4% -29% -50% $5,330,751
GLN Galan Lithium Ltd 0.14 -10% -18% -74% -82% $68,452,159
LU7 Lithium Universe Ltd 0.014 -10% 0% -39% -53% $8,908,703
REE Rarex Limited 0.0135 -10% -4% -39% -67% $10,271,710
RAG Ragnar Metals Ltd 0.018 -10% -5% -18% -18% $8,531,657
DM1 Desert Metals 0.027 -10% 35% -10% -49% $7,166,494
BMM Balkanminingandmin 0.061 -10% 17% -32% -68% $4,333,471
INR Ioneer Ltd 0.13 -10% -13% 4% -56% $303,865,419
FG1 Flynngold 0.026 -10% 0% -50% -46% $6,363,617
AZL Arizona Lithium Ltd 0.017 -11% -6% -23% -39% $76,054,847
ARU Arafura Rare Earths 0.17 -11% -3% 26% -43% $392,751,373
WC8 Wildcat Resources 0.2275 -11% -28% -48% 38% $277,509,789
BYH Bryah Resources Ltd 0.004 -11% -20% -64% -78% $2,516,434
TAR Taruga Minerals 0.008 -11% 14% 0% -27% $5,648,214
ITM Itech Minerals Ltd 0.072 -11% 29% -12% -67% $10,337,032
TOR Torque Met 0.115 -12% -15% -44% -23% $24,432,060
MHK Metalhawk. 0.046 -12% -8% -56% -67% $4,630,820
GT1 Greentechnology 0.061 -12% -21% -58% -90% $19,948,630
HAS Hastings Tech Met 0.3 -12% 7% -47% -74% $55,151,971
PAT Patriot Lithium 0.045 -12% -21% -59% -82% $4,656,621
PSC Prospect Res Ltd 0.11 -12% -29% 38% -8% $52,654,787
FBM Future Battery 0.022 -12% -37% -51% -80% $15,232,346
PLL Piedmont Lithium Inc 0.145 -12% -3% -45% -82% $61,866,435
PNN Power Minerals Ltd 0.092 -12% -29% -44% -76% $10,129,663
QXR Qx Resources Limited 0.007 -13% 17% -59% -75% $7,770,545
NC1 Nicoresourceslimited 0.1225 -13% -9% -50% -73% $14,228,575
EMS Eastern Metals 0.027 -13% -10% -7% -51% $3,069,259
LRS Latin Resources Ltd 0.135 -13% -21% -21% -64% $391,918,725
LM1 Leeuwin Metals Ltd 0.071 -13% 37% -29% -80% $3,326,469
EMH European Metals Hldg 0.225 -13% -13% -25% -76% $50,823,953
NWM Norwest Minerals 0.025 -14% -7% 4% -52% $12,127,988
BSX Blackstone Ltd 0.037 -14% -21% -40% -66% $19,475,423
VML Vital Metals Limited 0.003 -14% 20% -40% -70% $17,685,201
OD6 Od6Metalsltd 0.042 -14% -7% -66% -80% $5,404,987
MEI Meteoric Resources 0.1025 -15% -34% -47% -51% $208,962,584
FRS Forrestaniaresources 0.029 -15% -15% 4% -72% $4,691,787
SLM Solismineralsltd 0.115 -15% 42% -12% -75% $8,849,718
DTM Dart Mining NL 0.017 -15% -15% 21% -56% $4,393,359
AR3 Austrare 0.078 -15% 0% -40% -72% $12,161,907
EG1 Evergreenlithium 0.05 -15% -26% -55% -83% $2,811,500
CLA Celsius Resource Ltd 0.011 -15% -21% 0% -54% $29,134,953
SYR Syrah Resources 0.2525 -16% -29% -44% -64% $269,071,859
SYR Syrah Resources 0.2525 -16% -29% -44% -64% $269,071,859
ASM Ausstratmaterials 0.575 -16% -26% -48% -62% $114,114,142
PFE Panteraminerals 0.026 -16% -21% -55% -65% $9,854,694
EMN Euromanganese 0.056 -16% -20% -36% -71% $12,646,867
GW1 Greenwing Resources 0.04 -17% -11% -56% -81% $7,250,059
AML Aeon Metals Ltd. 0.005 -17% -17% -44% -71% $5,482,003
AX8 Accelerate Resources 0.01 -17% -72% -64% -58% $6,207,539
WML Woomera Mining Ltd 0.0025 -17% -38% -50% -77% $3,045,347
GCM Green Critical Min 0.0025 -17% -50% -58% -83% $3,466,463
ICL Iceni Gold 0.055 -17% -8% 17% -52% $14,729,097
PVT Pivotal Metals Ltd 0.018 -18% -5% -5% -18% $13,378,247
LOT Lotus Resources Ltd 0.235 -19% -31% -34% 12% $476,259,396
NKL Nickelxltd 0.021 -19% -13% -51% -68% $2,147,648
VRC Volt Resources Ltd 0.004 -20% 0% -33% -69% $16,634,713
ENV Enova Mining Limited 0.008 -20% -33% -62% 33% $8,621,364
EMT Emetals Limited 0.004 -20% 0% -43% -56% $3,400,000
AS2 Askarimetalslimited 0.035 -20% -8% -73% -88% $3,432,455
NWC New World Resources 0.023 -21% -26% -38% -23% $70,890,376
JRV Jervois Global Ltd 0.015 -21% -6% -48% -75% $40,541,457
KM1 Kalimetalslimited 0.15 -21% -36% -71% 0% $10,755,867
CRR Critical Resources 0.007 -22% 0% -46% -85% $12,462,452
KGD Kula Gold Limited 0.01 -23% 0% 25% -44% $6,432,119
LNR Lanthanein Resources 0.003 -25% -25% -54% -82% $7,330,908
M24 Mamba Exploration 0.009 -25% -40% -85% -88% $1,656,740
LNR Lanthanein Resources 0.003 -25% -25% -54% -82% $7,330,908
MTM MTM Critical Metals 0.028 -26% -28% -60% -60% $7,870,992
VHM Vhmlimited 0.4225 -27% 1% -31% -31% $67,848,122
CMO Cosmometalslimited 0.042 -28% -5% -26% -54% $6,792,294
MHC Manhattan Corp Ltd 0.001 -33% -33% -67% -88% $4,405,470
NVA Nova Minerals Ltd 0.14 -35% -26% -60% -58% $34,097,963
M2R Miramar 0.007 -36% 0% -69% -83% $2,763,457
ADD Adavale Resource Ltd 0.0025 -38% -38% -62% -85% $4,261,061
IMI Infinitymining 0.01 -38% -33% -91% -93% $1,187,534
AGY Argosy Minerals Ltd 0.041 -49% -55% -59% -87% $59,692,758
VIA Viagold Rare Earth 0 -100% -100% -100% -100% $166,624,808
LPI Lithium Pwr Int Ltd 0 -100% -100% -100% -100% $361,898,974
AZS Azure Minerals 0 -100% -100% -100% -100% $1,692,527,632
GSR Greenstone Resources 0 -100% -100% -100% -100% $15,761,980
ESS Essential Metals Ltd 0 -100% -100% -100% -100% $135,278,382
AVZ AVZ Minerals Ltd 0 -100% -100% -100% -100% $2,752,409,203
AKE Allkem Limited 0 -100% -100% -100% -100% $6,304,350,967
TMT Technology Metals 0 -100% -100% -100% -100% $67,134,856
FFX Firefinch Ltd 0 -100% -100% -100% -100% $236,569,315
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Weekly Small Cap Standouts

Red Mountain Mining (ASX:RMX)

RMX has appointed its exploration team for the maiden exploration program at Flicka Lake, one of its four Fry Lake gold projects in Canada adjacent to the historic Pickle Lake gold Mining district.

A sampling program is scheduled to commence mid-August and is expected to take a month to complete with assay results due in September, with a drilling program is planned in parallel.

The company believes the projects have the potential to host gold lode mineralisation based on targeting and the known deposits in the broader area.

Aruma Resources (ASX:AAJ)

AAJ has turned up with very high grades of copper from historical surface samples taken by international miners Sumitomo and Anglo American at its recently acquired exploration license of the Fiery Creek project in QLD.

Grades of up to 36% copper were found at multiple prospects across the project area, with the company confident there’s high prospectivity for an economic resource within the fertile Mt Isa copper belt.

“The underexplored nature of the project area combined with the positive historic results and favourable geological setting in the prolific Mt Isa minerals district provide an exciting exploration opportunity for Aruma,” MD Glenn Grayson said.

Enterprise Metals (ASX:ENT)

A detailed review of past exploration at the company’s Doolgunna project in WA has flagged several gold mineralised shear zones at the Vulcan and the Goodin Fault prospects.

Geological Consultant Ed Baltis, a specialist in Archaean gold exploration, has reviewed ENT’s previous vertical aircore drilling program which tested the Vulcan gold soil anomaly, and other drill holes which tested the Goodin Fault.

His review and interpretation of the auriferous shear zones, supported by magnetic imagery, suggest that the company’s earlier holes, and Sandfire’s southeasterly angled aircore holes have not adequately tested the gold potential of the region.

Further AC drilling is required to infill the broad 200-800m spaced sections that currently define the Goodin gold trend, semi-continuous over some 10km in a NE-SW orientation.

Fin Resources (ASX:FIN)

The final batch of assays from Fin’s maiden drilling program at the White Bear prospect at the Cancet West project in Canada has returned grades of up to 3.27% Li2O.

Eight diamond drill-holes were completed for a total of 1,009m and the company has confirmed spodumene crystals within an albite-quartz pegmatite zone over a strike of 275m.

Observations are the pegmatites appear to be relatively flat-lying, shallow dipping to the north-west, and open along strike and at depth.

FIN says it’s positive for the prospect, since it would imply a low strip ratio – should an economic deposit be defined in the future.

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