• Battery producers look to increase energy density and drive down raw material costs
  • CATL’s Qilin battery is 13% more powerful than the one planned by Tesla
  • Stellantis adds 5 years to lithium offtake agreement with Vulcan Energy

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

 
Some of the world’s leading battery cell producers are targeting mass production of larger cells to increase energy density and cut down on raw material needs.

This week, the world’s biggest EV battery maker, CATL, released a new electric car battery with a range of more than 1,000km on a single charge that’s 13% more powerful than one planned by Tesla.

CATL said it plans to begin manufacturing the Qilin battery next year.

Earlier this month, Tesla received the first 4680 format cell samples from Panasonic and is expecting to integrate them into its Model Y production lines in Austin, Texas, by 2023.

The carmaker says the cells could deliver six times the power and five times the energy density while reducing the cost of raw materials, including cobalt, lithium, nickel and manganese, in the overall battery pack.

In the UK last week, gigafactory Britishvolt said it plans to develop 4690 cells that are 46mm in diameter and 90mm in height – compared to the usual, smaller 2170 format.

“This improves efficiency, reduces waste, lowers costs and makes us leaner and more agile. We can also tailor the length of the cell to suit specific applications,” founder and chief executive Orral Nadjari said.

The larger size of the cells helps with power density and is expected to be used in vehicles that need longer distances between charges and higher power output.

And South Korea’s Samsung SDI is also testing 4680 battery cell technology, which it may offer to customers such as Stellantis, BMW and Volvo.

 

OEMs move upstream

Original equipment manufacturers (OEMs) and end-users are increasingly moving upstream in the supply chain to secure critical battery minerals like lithium, cobalt, nickel, and graphite.

A smart move when you see lithium demand numbers floating around the 2.75m tonnes mark by 2030.

 


In April, we saw Elon Musk post to Twitter that Tesla “might have to get into lithium mining and refining” because of sky high prices and a long lead time to production – he then struck a deal with Brazilian mining giant, Vale, to purchase nickel not long after.

And German auto maker Volkswagen recently said it needs to be  “actively involved in the raw material business” and move further down the supply chain when sourcing batteries.

Last week carmaker Stellantis added five years on to 2035 a lithium hydroxide offtake agreement with Vulcan Energy Resources (ASX:VUL) for supply from its Zero Carbon Lithium project in Germany, as well as making a $76mn equity investment in the firm to become its second-largest shareholder.

In an interview with Stockhead, Vulcan managing director Francis Wedin says that while the move marks the first time an automaker has invested upstream in a listed lithium company, there will be many more to come in the industry.

Stellantis has 16 brands — including Fiat, Peugeot, Citroen, Jeep and Chrysler — has one of the largest electric vehicle (EV) and decarbonisation plans of any automaker, aiming for 100pc EV sales in Europe by 2030.

 

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 % Year % Six Month % Month % Week Market Cap
TEM Tempest Minerals 0.0875 450% 298% 79% 143% $46,943,254.37
TMT Technology Metals 0.455 42% 49% 20% 44% $86,028,068.37
GRE Greentechmetals 0.325 0% 0% 86% 38% $10,322,399.67
MTM Mtmongerresources 0.135 0% 0% -21% 29% $4,895,104.46
CNB Carnaby Resource Ltd 0.92 156% 25% -4% 28% $139,501,262.71
ODE Odessa Minerals Ltd 0.014 250% 180% -18% 27% $6,445,813.30
QXR Qx Resources Limited 0.03 88% 43% -46% 25% $23,202,782.67
SYA Sayona Mining Ltd 0.16 147% 28% -24% 23% $1,153,947,221.84
WIN Widgienickellimited 0.325 0% 48% -12% 23% $92,574,000.00
AX8 Accelerate Resources 0.034 3% -8% -13% 21% $7,903,766.97
CMO Cosmometalslimited 0.17 0% 0% 21% 21% $4,081,600.00
A8G Australasian Metals 0.24 78% -50% -38% 20% $6,998,983.98
ARR American Rare Earths 0.275 253% 67% -19% 20% $91,012,135.28
NC1 Nicoresourceslimited 0.83 0% 0% -41% 18% $69,800,001.60
QPM Queensland Pacific 0.1175 -19% -31% -33% 18% $195,451,641.38
NKL Nickelxltd 0.135 -10% 17% -27% 17% $8,073,000.00
PLS Pilbara Min Ltd 2.385 61% -19% -18% 17% $6,906,288,250.88
SYR Syrah Resources 1.31 29% -18% -27% 16% $856,886,795.52
AVW Avira Resources Ltd 0.004 -20% -27% -11% 14% $8,475,160.00
INR Ioneer Ltd 0.4225 19% -43% -21% 14% $867,889,259.30
LMG Latrobe Magnesium 0.06 253% -35% -20% 13% $93,014,109.96
STM Sunstone Metals Ltd 0.043 187% -53% -20% 13% $115,850,088.81
ESS Essential Metals Ltd 0.39 319% 117% -31% 13% $98,594,970.00
LRV Larvottoresources 0.26 0% 117% -21% 13% $11,629,100.00
PNN Power Minerals Ltd 0.45 73% 13% -9% 13% $27,374,960.43
1MC Morella Corporation 0.018 -72% 64% -36% 13% $103,524,279.72
NVA Nova Minerals Ltd 0.64 -51% -44% 2% 12% $103,616,313.88
VR8 Vanadium Resources 0.083 20% 28% -25% 12% $38,828,014.67
LOT Lotus Resources Ltd 0.235 34% -23% -10% 12% $225,133,317.53
LYC Lynas Rare Earths 9.33 67% -4% -1% 11% $8,311,210,412.34
CAE Cannindah Resources 0.2 233% 18% -18% 11% $120,091,966.65
EUR European Lithium Ltd 0.06 7% -48% -17% 11% $84,357,731.80
JRV Jervois Global Ltd 0.55 6% -4% -32% 11% $813,066,764.14
RGL Riversgold 0.03 -15% 95% -27% 11% $24,204,031.97
MLS Metals Australia 0.051 70% 28% -40% 11% $30,105,918.12
LPI Lithium Pwr Int Ltd 0.415 124% 0% -27% 11% $143,149,387.68
PVW PVW Res Ltd 0.26 79% -30% -13% 11% $25,115,906.25
AKE Allkem Limited 10.75 70% 9% -23% 10% $6,893,083,909.66
ILU Iluka Resources 9.54 16% -2% -12% 9% $3,924,187,134.75
LPM Lithium Plus 0.415 0% 0% -23% 9% $18,070,371.00
MRR Minrex Resources Ltd 0.036 80% 0% -35% 9% $40,285,584.52
MCR Mincor Resources NL 1.7375 59% 3% -28% 9% $808,893,051.99
VUL Vulcan Energy 5.87 -26% -43% -22% 9% $826,731,165.20
NTU Northern Min Ltd 0.04 21% -23% -7% 8% $189,532,835.66
GL1 Globallith 1.28 433% 60% -22% 8% $200,753,293.84
LPD Lepidico Ltd 0.027 125% -25% -7% 8% $175,693,631.39
NIC Nickel Industries 1.0675 7% -26% -13% 7% $2,826,868,069.40
BUX Buxton Resources Ltd 0.074 -8% -6% -19% 7% $10,499,694.77
ADV Ardiden Ltd 0.0075 -17% -32% -32% 7% $18,678,347.49
BKT Black Rock Mining 0.16 10% -27% -20% 7% $151,474,625.13
LRS Latin Resources Ltd 0.064 28% 129% -44% 7% $131,244,334.18
IG6 Internationalgraphit 0.32 0% 0% 12% 7% $25,261,313.48
COB Cobalt Blue Ltd 0.6325 130% 52% -23% 6% $211,987,984.56
VRC Volt Resources Ltd 0.017 -51% -35% -11% 6% $54,512,434.21
GLN Galan Lithium Ltd 1.135 38% -41% -20% 6% $362,235,240.78
BHP BHP Group Limited 42.69 0% 16% -2% 6% $208,567,715,428.00
PRL Province Resources 0.056 -57% -63% -38% 6% $64,340,456.24
AR3 Austrare 0.395 0% -55% -14% 5% $36,652,597.52
EMH European Metals Hldg 0.7 -54% -48% -26% 5% $99,951,645.15
AKN Auking Mining Ltd 0.081 -42% -37% -17% 5% $8,173,318.10
MNS Magnis Energy Tech 0.315 21% -31% -23% 5% $309,275,305.28
MNS Magnis Energy Tech 0.315 21% -31% -23% 5% $309,275,305.28
CZL Cons Zinc Ltd 0.021 -45% -30% -13% 5% $5,813,725.01
MQR Marquee Resource Ltd 0.064 25% -42% -39% 5% $20,276,651.53
AGY Argosy Minerals Ltd 0.33 244% 20% -27% 5% $467,837,590.52
AML Aeon Metals Ltd. 0.022 -71% -42% -39% 5% $20,813,757.78
RAS Ragusa Minerals Ltd 0.09 34% 27% -53% 5% $11,567,726.35
POS Poseidon Nick Ltd 0.046 -41% -54% -33% 5% $140,942,138.20
EMN Euromanganese 0.24 -53% -45% -21% 4% $60,224,093.20
CHN Chalice Mining Ltd 3.86 -45% -56% -38% 4% $1,457,221,352.72
EMS Eastern Metals 0.13 0% -30% -32% 4% $4,628,000.00
LTR Liontown Resources 1.055 46% -31% -20% 4% $2,378,564,339.83
FRS Forrestaniaresources 0.135 0% -53% -36% 4% $4,100,082.56
EVR Ev Resources Ltd 0.027 29% -48% -31% 4% $24,075,585.85
EVR Ev Resources Ltd 0.027 29% -48% -31% 4% $24,075,585.85
S2R S2 Resources 0.14 17% -24% -20% 4% $51,674,353.98
S32 South32 Limited 4.21 44% 5% -11% 4% $18,729,655,857.20
GED Golden Deeps 0.0145 12% 21% -28% 4% $16,173,174.00
RBX Resource B 0.15 341% -19% -9% 3% $4,883,711.88
RBX Resource B 0.15 341% -19% -9% 3% $4,883,711.88
RNU Renascor Res Ltd 0.155 125% 29% -31% 3% $344,677,364.96
PAM Pan Asia Metals 0.47 236% -1% -1% 3% $37,197,615.22
MIN Mineral Resources. 49.88 -2% -9% -19% 3% $9,215,993,715.57
CTM Centaurus Metals Ltd 0.965 32% -16% -18% 3% $397,208,833.89
BEM Blackearth Minerals 0.07 -30% -39% -30% 3% $19,194,581.76
BSX Blackstone Ltd 0.195 -43% -65% -34% 3% $94,289,513.00
QEM QEM Limited 0.2 25% 8% -15% 3% $24,326,032.40
PAN Panoramic Resources 0.21 50% -21% -24% 2% $420,437,370.82
VML Vital Metals Limited 0.042 -9% -14% -21% 2% $179,330,772.61
WR1 Winsome Resources 0.21 0% -38% -50% 2% $29,725,078.68
CRR Critical Resources 0.046 64% 28% -42% 2% $71,424,731.47
LEL Lithenergy 0.735 93% -16% -41% 2% $34,314,000.00
RXL Rox Resources 0.26 -44% -25% -22% 2% $43,924,646.22
REE Rarex Limited 0.058 -24% -42% -28% 2% $33,762,258.96
ARU Arafura Resource Ltd 0.3 114% 50% -21% 2% $474,010,361.26
MLX Metals X Limited 0.38 62% -17% -24% 1% $344,761,105.46
IXR Ionic Rare Earths 0.0395 65% -8% -21% 1% $151,031,591.88
NMT Neometals Ltd 0.925 103% -16% -29% 1% $531,925,104.12
JRL Jindalee Resources 2.88 20% 41% -10% 1% $166,399,001.40
AZI Altamin Limited 0.096 39% 47% -1% 1% $37,604,808.19
AZI Altamin Limited 0.096 39% 47% -1% 1% $37,604,808.19
IGO IGO Limited 10.425 38% -8% -14% 1% $7,837,721,864.55
VIA Viagold Rare Earth 2 2339% 0% 0% 0% $166,624,808.00
PSC Prospect Res Ltd 0.97 397% 28% 1% 0% $435,590,475.45
HNR Hannans Ltd 0.021 204% -34% -9% 0% $54,731,701.00
MRD Mount Ridley Mines 0.005 67% -38% -33% 0% $29,285,142.20
AVZ AVZ Minerals Ltd 0.78 373% 11% 0% 0% $2,752,409,203.44
RLC Reedy Lagoon Corp. 0.017 6% -45% -35% 0% $9,476,257.50
EGR Ecograf Limited 0.275 -52% -59% -35% 0% $121,590,033.93
MMC Mitremining 0.12 0% -37% -17% 0% $3,250,212.00
RMX Red Mount Min Ltd 0.005 -50% -44% -38% 0% $9,854,183.15
LML Lincoln Minerals 0.008 0% 0% 0% 0% $4,599,869.49
WKT Walkabout Resources 0.215 0% 5% 0% 0% $97,239,149.08
VMC Venus Metals Cor Ltd 0.16 -14% -6% -16% 0% $27,194,162.94
EFE Eastern Resources 0.023 64% -57% -34% 0% $23,866,479.14
BNR Bulletin Res Ltd 0.12 88% 74% -29% 0% $35,110,932.00
AS2 Askarimetalslimited 0.265 0% 36% -45% 0% $11,022,481.55
IMI Infinitymining 0.14 0% -15% -7% 0% $8,337,500.00
RAG Ragnar Metals Ltd 0.04 -47% 38% -18% 0% $14,788,210.67
TMB Tambourahmetals 0.14 0% -39% -35% 0% $5,766,963.72
JMS Jupiter Mines. 0.19 -36% -16% -10% 0% $372,208,296.27
E25 Element 25 Ltd 0.5 -78% -60% -21% 0% $76,355,184.50
ENV Enova Mining Limited 0.016 -24% -33% -11% 0% $5,875,440.99
RR1 Reach Resources Ltd 0.004 -50% -50% -27% 0% $7,640,202.56
ZNC Zenith Minerals Ltd 0.27 2% 20% -29% 0% $99,981,060.91
THR Thor Mining PLC 0.009 -44% -25% -36% 0% $10,673,009.73
CLZ Classic Min Ltd 0.001 0% 0% 0% 0% $31,024,646.55
ATM Aneka Tambang 1.245 25% 14% 0% 0% $1,623,043.01
TLG Talga Group Ltd 1.115 -22% -28% -19% -1% $359,869,932.42
MRC Mineral Commodities 0.085 -58% -14% -23% -1% $45,474,203.89
DTM Dart Mining NL 0.057 -61% -29% -17% -2% $7,709,829.12
FTL Firetail Resources 0.27 0% 0% -18% -2% $16,681,275.00
ASN Anson Resources Ltd 0.098 56% -11% -25% -2% $99,707,496.50
LEG Legend Mining 0.049 -53% -16% -32% -2% $132,246,514.61
GW1 Greenwing Resources 0.225 -10% -44% -26% -2% $26,498,180.04
CHR Charger Metals 0.38 0% 0% -31% -3% $12,706,603.65
AM7 Arcadia Minerals 0.185 -8% -12% -16% -3% $8,639,110.02
SRI Sipa Resources Ltd 0.035 -35% -19% -10% -3% $6,765,818.50
SCN Scorpion Minerals 0.07 15% -9% -28% -3% $24,555,508.21
PNT Panthermetalsltd 0.175 0% -3% -20% -3% $4,785,000.00
HASDA Hastings Tech Met 4.08 20% -15% -15% -3% $404,774,579.37
LNR Lanthanein Resources 0.0165 22% -25% -31% -3% $13,405,209.12
SGQ St George Min Ltd 0.032 -56% -48% -18% -3% $20,300,516.43
IPX Iperionx Limited 0.79 -10% -13% 1% -3% $123,453,872.08
AXE Archer Materials 0.59 -30% -48% -18% -3% $154,049,668.34
NWM Norwest Minerals 0.028 -66% -57% -35% -3% $5,057,006.84
ASO Aston Minerals Ltd 0.08 -53% -18% -41% -4% $94,650,129.39
CAI Calidus Resources 0.605 30% 1% -32% -4% $262,095,377.70
SLZ Sultan Resources Ltd 0.096 -52% -42% -38% -4% $7,912,016.96
GME GME Resources Ltd 0.095 94% 36% -24% -4% $56,429,122.39
CXO Core Lithium 1.03 338% 91% -21% -4% $1,775,927,008.90
AZL Arizona Lithium Ltd 0.089 287% -1% -41% -4% $200,944,729.08
AZL Arizona Lithium Ltd 0.089 287% -1% -41% -4% $200,944,729.08
BRB Breaker Res NL 0.185 12% -36% -23% -5% $61,909,776.51
ESR Estrella Res Ltd 0.018 -64% -18% -33% -5% $21,612,267.72
BMM Balkanminingandmin 0.18 0% -50% -33% -5% $6,058,750.00
WML Woomera Mining Ltd 0.018 -4% 6% -25% -5% $12,362,995.19
BYH Bryah Resources Ltd 0.033 -48% -31% -30% -6% $7,464,836.78
AVL Aust Vanadium Ltd 0.032 68% 14% -27% -6% $130,048,245.76
SRZ Stellar Resources 0.016 -33% -27% -30% -6% $14,268,144.64
SRL Sunrise 2.3 19% 28% -23% -6% $207,133,121.70
OMH OM Holdings Limited 0.76 -22% -10% -12% -6% $565,046,852.81
NWC New World Resources 0.03 -61% -55% -23% -6% $46,310,181.84
STK Strickland Metals 0.06 28% -13% -23% -6% $79,429,109.35
PGM Platina Resources 0.029 -63% -54% -29% -6% $13,031,470.26
ARL Ardea Resources Ltd 0.795 62% 62% -31% -6% $135,790,217.60
OZL OZ Minerals 18.5 -19% -34% -20% -7% $6,179,393,419.94
KOB Kobaresourceslimited 0.14 0% 0% -26% -7% $9,100,000.00
GBR Greatbould Resources 0.067 -20% -50% -30% -7% $29,389,616.02
WC8 Wildcat Resources 0.026 0% -51% -21% -7% $16,777,090.90
CLA Celsius Resource Ltd 0.012 -63% -37% -40% -8% $14,657,589.22
GT1 Greentechnology 0.64 0% 45% -31% -8% $113,373,000.09
INF Infinity Lithium 0.115 40% -30% -15% -8% $47,726,502.59
DEV Devex Resources Ltd 0.23 -39% -52% -39% -8% $70,691,393.03
FGR First Graphene Ltd 0.115 -52% -44% -15% -8% $64,403,884.24
KGD Kula Gold Limited 0.023 -39% -44% -28% -8% $4,949,039.54
MAN Mandrake Res Ltd 0.034 -77% -31% -31% -8% $17,311,749.11
PGD Peregrine Gold 0.355 -1% -19% -32% -9% $13,783,200.84
EMT Emetals Limited 0.01 -52% -44% -23% -9% $8,500,000.00
KAI Kairos Minerals Ltd 0.018 -44% -31% -31% -10% $31,393,495.86
GSM Golden State Mining 0.04 -74% -51% -38% -10% $4,773,274.08
ARN Aldoro Resources 0.13 -57% -65% -41% -10% $13,393,834.52
PLL Piedmont Lithium Inc 0.6225 -34% -16% -28% -10% $324,456,042.00
WMG Western Mines 0.125 0% -22% -29% -11% $4,945,387.50
FFX Firefinch Ltd 0.2 -56% -73% -81% -11% $236,248,644.20
RFR Rafaella Resources 0.032 -65% -51% -20% -11% $7,513,213.63
KTA Krakatoa Resources 0.047 -4% 0% -37% -11% $15,856,656.18
AQD Ausquest Limited 0.023 15% 35% 15% -12% $18,978,432.13
FRB Firebird Metals 0.265 -54% -32% -20% -12% $14,959,025.28
KFM Kingfisher Mining 0.25 28% 32% -7% -12% $8,561,250.25
IPT Impact Minerals 0.007 -44% -48% -36% -13% $17,369,593.89
SHH Shree Minerals Ltd 0.007 -42% -22% -22% -13% $8,669,408.24
HXG Hexagon Energy 0.02 -73% -73% -26% -13% $10,514,775.97
ALY Alchemy Resource Ltd 0.013 -5% 18% -52% -13% $13,343,036.80
GAL Galileo Mining Ltd 1.32 380% 529% -22% -14% $226,192,448.90
MOH Moho Resources 0.024 -66% -63% -37% -14% $3,831,860.71
LSR Lodestar Minerals 0.006 -40% -33% -33% -14% $10,430,624.09
AAJ Aruma Resources Ltd 0.059 -6% -14% -12% -14% $9,574,651.68
CMX Chemxmaterials 0.14 0% 0% -38% -15% $6,951,112.65
TNG TNG Limited 0.05 -22% -36% -30% -15% $70,809,329.32
AOU Auroch Minerals Ltd 0.056 -66% -51% -39% -16% $22,536,559.74
FG1 Flynngold 0.1 -38% -38% -29% -17% $6,406,105.00
TSC Twenty Seven Co. Ltd 0.0025 -38% -38% -17% -17% $6,652,034.76
KOR Korab Resources 0.02 43% -58% -29% -17% $7,341,000.00
AOA Ausmon Resorces 0.005 0% -17% -38% -17% $4,715,091.39
CZN Corazon Ltd 0.019 -40% -45% -27% -17% $11,291,115.30
PEK Peak Rare Earths Ltd 0.32 -70% -60% -34% -18% $68,425,017.21
GSR Greenstone Resources 0.041 128% 46% -16% -18% $44,073,008.63
TON Triton Min Ltd 0.018 -50% -47% -33% -18% $21,399,331.01
ADD Adavale Resource Ltd 0.022 -77% -48% -27% -19% $8,218,534.50
WCN White Cliff Min Ltd 0.013 0% -19% -41% -19% $8,496,843.71
SBR Sabre Resources 0.004 0% -20% 0% -20% $12,553,789.54
BOA Boadicea Resources 0.12 -44% -43% -33% -20% $10,100,986.35
PUR Pursuit Minerals 0.0135 -80% -48% -39% -21% $13,276,188.72
AUZ Australian Mines Ltd 0.065 -70% -64% -43% -21% $32,809,968.87
LIT Lithium Australia 0.055 -45% -52% -38% -21% $59,018,100.45
AZS Azure Minerals 0.2 -20% -43% -23% -23% $60,593,465.60
G88 Golden Mile Res Ltd 0.029 -48% -41% -41% -24% $6,111,978.42
G88 Golden Mile Res Ltd 0.029 -48% -41% -41% -24% $6,111,978.42
KZR Kalamazoo Resources 0.175 -53% -52% -49% -24% $26,134,987.32
TKL Traka Resources 0.006 -65% -54% -29% -25% $3,443,872.81
ENT Enterprise Metals 0.008 -46% -46% -47% -27% $5,801,821.70
CNJ Conico Ltd 0.021 -15% -39% -40% -28% $29,881,915.23
CML Chase Mining Limited 0.013 -24% -10% -7% -28% $6,085,725.89
CWX Carawine Resources 0.085 -62% -51% -41% -32% $11,578,085.15
LKE Lake Resources 0.835 142% -12% -41% -38% $1,202,084,363.69
GMC Gulf Manganese Corp 0 -100% -100% -100% -100% $27,017,241.66
GXY Galaxy Resources 0 -100% -100% -100% -100% $2,715,139,305.12

 

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

 

WEEKLY TOP 3

TEMPEST MINERALS (ASX:TEM)

(Up on no news)

In May the company flagged multiple geochemical anomalies including trace elements consistent with rocks known to host lithium pegmatites at its Rocky Hill project in WA.

But notably, in March TEM spiked hard on a potentially very large copper discovery.

The first 709m-long hole of a two-hole diamond drilling program at ‘Orion’, part of the flagship ‘Meleya’ project in WA, pulled up three mineralised copper sections.

The second, 1,021m-long hole hit more of the same, and assays are pending.

Meleya is part of TEM’s 900sqkm ‘Yalgoo’ tenements, where the company has + 50km strike length of a previously unexplored segment of a mineral-rich greenstone belt.

The belt hosts several world class mines, including one of Australia’s most successful high-grade copper-zinc and precious metal operations, ‘Golden Grove’.

The $22m market cap stock has softened over the past few months but remains +145% year-to-date.

It had $8.1m in the bank following a recent raise.

 

TECHNOLOGY METALS AUSTRALIA (ASX:TMT)

(Up on no news)

The company’s primary exploration focus has been on the Murchison Technology Metals Project, around 40km southeast of Meekatharra in WA’s mid-west region with the aim to potentially supply high-quality V2O5 flake product to both the steel market and the emerging VRFB market.

A key differentiation between Gabanintha and a number of other vanadium deposits is the consistent presence of the high-grade massive vanadium – titanium – magnetite basal unit, which results in an overall higher grade for the Gabanintha Vanadium Project.

However, during the March quarter, TMT advanced work on the Integration Study designed to combine the Yarrabubba Project (Yarrabubba) with the Gabanintha Project, which will be named the Murchison Technology Metals Project (MTMP).

TMT said Yarrabubba’s higher vanadium grades in concentrate (than Gabanintha), combined with the ability to produce a highly sought-after ilmenite by-product from Yarrabubba, indicate the potential to enhance the economic metrics in the early years of the project, lowering the risk of the full MTMP development.

The company also extended and expanded the scope of the MoU with leading Japanese VRFB development company, LE System, for the development of a fully integrated downstream vanadium electrolyte industry in Australia.

 

GREENTECH METALS (ASX:GRE)

(Up on no news)

GRE is basking in the glow of a bunch of new drilling results – including a highlight 32m @ 2.43% copper — which could substantially increase the size of the ‘Whundo’ copper-zinc project in the Pilbara region of WA.

The results announced last week confirm that the high-grade copper and zinc at Whundo persists at depth and beyond the current resource envelope, GRE says.

Then there’s the bonus gold grades of up to 3.34g/t, which accompany the higher-grade copper zones and “further enhances the potential economics of the project”.

Whundo is at the core of a much broader copper and zinc system, GRE exec director Thomas Reddicliffe says.

“Drilling has demonstrated that the mineralisation at Whundo remains open at depth and with grades persisting,” he says.

“This and the identification of two additional mineralised horizons provides further impetus for the company to build upon the known resource.”

Assay results for three additional holes drilled at Whundo, and seven holes drilled at the nearby ‘Ayshia’ deposit are expected in the coming weeks.

Once all assays are received, GRE will look to update the existing resource at Whundo/Ayshia of 3.6 Mt @ 1.2% copper and 1.4% zinc.

The $10.6m market cap Artemis Resources (ASX:ARV) spinout is up 70% on its December IPO price of 20c per share.

It had $4m in the bank at the end of March.

 

TEM, TMT and GRE share prices today: