Pic via Getty Images
Mining
Our High Voltage column wraps the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, manganese, magnesium, and vanadium.
From what we’re seeing, there remains plenty to be excited about when it comes to the growing array of lithium stocks on the ASX and beyond.
And the huge, competitive interest in Liontown Resources (ASX:LTR) from big mining cats Albemarle and Hancock is certainly one quick way to give that statement some affirmation. More on that further below.
(Also… READ: Lithium juniors are like Pokemon right now, but can the majors catch them all)
That said, short and perhaps mid-term, the road ahead is hardly without potholes for the growing list of companies involved in the white gold rush of the past couple of years.
A high level of short-term uncertainty is a by-product of the commodity’s recent low pricing. And that’s directly tied to concerns around what is reportedly right now a weakened level of demand for electric vehicles in China – by far the world’s biggest market for such things, and many other things besides.
As noted by Stockhead resources expert Josh Chiat in this week’s Up, Up, Down, Down resources market September performance overview (although not in these specific words), the latest monthly lithium price action right now looks shakier than a newborn foal on a Tasman Sea barge.
Specifically, the monthly average spot price for September was US$27,810/t (-25.6%), while at the time of writing, October is looking more festering than festive at this stage, with a spot level of US$25,100/t.
It’s a far cry, notes Josh, from the record highs of +US$80k/t that were frothed over at the start of 2023.
Bloomberg, too, noted yesterday:
“The slump has hammered lithium producers too, with the Sprott Lithium Miners ETF tumbling to the weakest since its inception in February, and Global X Lithium & Battery Tech ETF plunging to the lowest since 2020.”
The media outlet also posted this stark chart:
Just a week or so ago, Macquarie Research was pondering a potential uptick in Chinese EV sales based around national holidays in the Middle Kingdom.
It wasn’t to be. Q4 is historically the time for EV sales to pick up, but huge, ongoing economic uncertainty in China is still the driving (yeah, not the best choice of words) force for the moment.
Gloomier still, Goldman Sachs analysts see lithium carbonate prices falling even further over the next 12 months:
“For the rest of the year, the fundamental focus appears to be on a seasonal uptick in Chinese EV sales, and we think any disappointment relative to historical norms could put accelerated downward pressure on prices,” they wrote in a recent note.
But wait… bones to be thrown? Silvery linings? There are some here, yes. Chiefly the good old “buying opportunity” lining so favoured by the crypto market.
There’s quite a large degree of hopium attached to the latter, however, while the battery metals market is, of course, based on things that are more recognisably tangible. Such as rocks and minerals. And batteries. And actual real-world cars that you can apparently drive – while hopefully not running over the hard-of-hearing in the process.
Josh reckons that: “Despite a massive 25% drop in lithium chemical pricing in September, M & A activity continues virtually unabated.
“In one sense lower equity valuations for lithium stocks based on the price drop could open the potential for even more takeover action.
“And companies remain less than shy about meeting target aspirations when it comes to price.”
Meanwhile, demand growth over the next decade should support long-term prices, believes Wilsons Advisory, and BloombergNEF says it expects “global demand for lithium to grow nearly five times by the end of the decade”.
But wait, anything else to be slightly concerned about?
It remains to be seen if/or how many, lithium producers making DSO (Direct Shipping Ore) their current MO will pivot away from the model, but it appears Liontown Resources (ASX:LTR) is shelving its DSO plans for now in the face of the lithium spot price slump.
In an ASX announcement on September 29, Liontown, regarding its Kathleen Valley lithium project production, noted:
“With lithium prices softening, the Company is now planning to ore sort the DSO and add it to our stockpile to be processed by our own plant in the future. However, the Company retains the option to sell this DSO material if market conditions improve.”
Throwing some further positive spin on that, the company added:
“The DSO crushing and sorting programme will also assist in the design of a potential large-scale sorting circuit which could support the planned 4 Mtpa process plant expansion.”
Back in August, ahead of the Diggers and Dealers Mining Forum in Kalgoorlie, Global Lithium Resources (ASX:GL1) mentioned that it sees DSO as an attractive opportunity to churn out early cash flow while the market is buoyant, anticipating it can generate value at benchmark prices upwards of US$2500/t 6% Li2O spodumene.
In more conducive economic circumstances, the DSO model is an attractive means for lithium projects to keep cash flow coming and hit shareholder-appeasing scheduling by shipping out unprocessed ore to China, thus taking advantage of the lithium commodity price when it’s high.
Speaking of Liontown, there’s been some more movement at the station on this increasingly complicated mega-merger involving Albemarle and, more recently, Hancock Prospecting.
Playing hardball, Gina Rinehart has bunged another great wad of cash into more LTR shares. A spare $152m she, via Hancock Prospecting, had lying around or in a very large cookie jar, possibly.
What her company has potentially now achieved, then, is a blocking stake in LTR, which could end up roiling the massive $6.6bn Albemarle takeover of Liontown.
Per The Australian:
This brings Hancock’s stake in the takeover target to 14.67 per cent, which it is understood could be enough to stymie US battery chemical giant Albemarle’s $6.6bn bid for Liontown, which would need a 75 per cent acceptance of votes cast in favour.
Albemarle, meanwhile, is nearing the end of its due diligence on Liontown.
Regarding those Liontown production risks, Hancock’s repeatedly pointed references to them comes after a cost update that lifted Liontown’s Kathleen Valley costs by $56m to $951m.
As Josh wrote on Monday:
“Hancock is largely stating the obvious when it comes to its warnings about project execution, and Albemarle is already under the hood.
“What it does show is the majors and established players of the resources market are keeping a keener and closer eye on the formerly niche lithium sector, even if prices are in a spot right now.”
And speaking of established players, The Australian‘s Business Editor Cameron England speculated the following:
“There is also the prospect of Chris Ellison’s Mineral Resources joining the fray, as it did in the takeover battle for Warrego Energy earlier this year, where it eventually tipped a 19.9 per cent blocking stake into Hancock’s offer, getting it over the line.
“MinRes has not made a move as yet, however it would make strategic sense to collaborate.”
Here’s a snapshot of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese, and vanadium are performing lately>>>
Battery metals stocks missing from our list? Shoot a mail to [email protected].
| Code | Company | Price | % Week | % Month | % Year | Market Cap |
|---|---|---|---|---|---|---|
| VIA | Viagold Rare Earth | 0 | -100% | -100% | -100% | $166,624,800 |
| PVW | PVW Res Ltd | 0.069 | 1% | -14% | -55% | $6,597,100 |
| A8G | Australasian Metals | 0.19 | 36% | 19% | -32% | $9,902,900 |
| INF | Infinity Lithium | 0.085 | 0% | -10% | -53% | $38,857,700 |
| LPI | Lithium Pwr Int Ltd | 0.35 | 40% | 43% | -35% | $226,525,500 |
| PSC | Prospect Res Ltd | 0.08 | -1% | -17% | -27% | $35,131,700 |
| PAM | Pan Asia Metals | 0.2 | 5% | -22% | -47% | $31,764,300 |
| CXO | Core Lithium | 0.42 | 22% | 5% | -62% | $918,882,300 |
| LOT | Lotus Resources Ltd | 0.2425 | 1% | 10% | 8% | $365,170,200 |
| AGY | Argosy Minerals Ltd | 0.185 | 6% | -27% | -63% | $273,859,500 |
| AZS | Azure Minerals | 2.75 | 6% | 3% | 1518% | $1,234,707,900 |
| NWC | New World Resources | 0.029 | -6% | -12% | -12% | $67,852,300 |
| QXR | Qx Resources Limited | 0.024 | 0% | -17% | -47% | $21,524,700 |
| GSR | Greenstone Resources | 0.009 | 0% | -25% | -86% | $12,288,700 |
| CAE | Cannindah Resources | 0.115 | -4% | -15% | -48% | $65,375,200 |
| AZL | Arizona Lithium Ltd | 0.0155 | 3% | -14% | -80% | $51,115,000 |
| HNR | Hannans Ltd | 0.008 | 0% | -11% | -62% | $21,796,800 |
| COB | Cobalt Blue Ltd | 0.26 | -4% | -16% | -64% | $99,476,300 |
| ESS | Essential Metals Ltd | 0.48 | 3% | 13% | 4% | $134,430,000 |
| LPD | Lepidico Ltd | 0.0115 | 15% | 15% | -47% | $91,659,700 |
| MRD | Mount Ridley Mines | 0.002 | 0% | 0% | -60% | $15,569,800 |
| CZN | Corazon Ltd | 0.012 | -8% | -14% | -20% | $7,387,200 |
| LKE | Lake Resources | 0.1725 | 5% | -20% | -81% | $256,040,000 |
| DEV | Devex Resources Ltd | 0.355 | 0% | 9% | 15% | $139,042,000 |
| INR | Ioneer Ltd | 0.2225 | -3% | -7% | -65% | $485,247,200 |
| AVZ | AVZ Minerals Ltd | 0.78 | 0% | 0% | 0% | $2,752,409,200 |
| MAN | Mandrake Res Ltd | 0.04 | 5% | 3% | 5% | $23,950,400 |
| RLC | Reedy Lagoon Corp. | 0.007 | 40% | 17% | -48% | $4,316,800 |
| GBR | Greatbould Resources | 0.052 | -15% | -30% | -50% | $27,286,700 |
| FRS | Forrestaniaresources | 0.046 | 0% | -23% | -75% | $4,312,500 |
| STK | Strickland Metals | 0.07 | 30% | 59% | 75% | $112,016,900 |
| MLX | Metals X Limited | 0.2825 | -9% | -4% | 7% | $263,107,200 |
| CLA | Celsius Resource Ltd | 0.0115 | 5% | 5% | -18% | $24,706,600 |
| FGR | First Graphene Ltd | 0.056 | -8% | -21% | -49% | $31,871,100 |
| HXG | Hexagon Energy | 0.009 | 0% | 0% | -47% | $4,616,200 |
| TLG | Talga Group Ltd | 1.245 | 11% | -5% | -2% | $447,335,200 |
| MNS | Magnis Energy Tech | 0.074 | -1% | -18% | -80% | $88,762,900 |
| OZL | OZ Minerals | 0 | -100% | -100% | -100% | $8,918,404,400 |
| PLL | Piedmont Lithium Inc | 0.6075 | -1% | -13% | -28% | $250,768,400 |
| EUR | European Lithium Ltd | 0.074 | 1% | 6% | -4% | $103,173,700 |
| BKT | Black Rock Mining | 0.085 | 1% | -11% | -43% | $93,255,700 |
| QEM | QEM Limited | 0.2 | -5% | -5% | -11% | $28,764,400 |
| LYC | Lynas Rare Earths | 6.595 | -2% | -9% | -13% | $6,331,268,900 |
| ESR | Estrella Res Ltd | 0.008 | 14% | 0% | -33% | $11,868,600 |
| ARL | Ardea Resources Ltd | 0.585 | -2% | -20% | -34% | $114,850,500 |
| GLN | Galan Lithium Ltd | 0.67 | 12% | -9% | -44% | $219,071,300 |
| JRL | Jindalee Resources | 1.73 | 5% | 1% | -26% | $98,978,700 |
| VUL | Vulcan Energy | 2.87 | -7% | -16% | -62% | $488,172,400 |
| SBR | Sabre Resources | 0.038 | -7% | -22% | -37% | $11,076,500 |
| CHN | Chalice Mining Ltd | 2.305 | -5% | -30% | -41% | $894,615,600 |
| VRC | Volt Resources Ltd | 0.008 | 7% | -11% | -67% | $31,515,400 |
| NMT | Neometals Ltd | 0.315 | -13% | -38% | -72% | $199,190,900 |
| AXN | Alliance Nickel Ltd | 0.064 | 5% | -18% | -39% | $47,179,600 |
| PNN | Power Minerals Ltd | 0.24 | -6% | -13% | -51% | $19,530,500 |
| IGO | IGO Limited | 12.4 | 3% | -10% | -9% | $9,640,019,300 |
| GED | Golden Deeps | 0.053 | -2% | -10% | -65% | $6,469,300 |
| ADV | Ardiden Ltd | 0.006 | 20% | 0% | -20% | $16,130,000 |
| SRI | Sipa Resources Ltd | 0.021 | 5% | -5% | -58% | $5,019,500 |
| NTU | Northern Min Ltd | 0.027 | -4% | -13% | -34% | $165,507,400 |
| AXE | Archer Materials | 0.495 | 9% | -5% | -37% | $128,697,700 |
| PGM | Platina Resources | 0.026 | 0% | -10% | 24% | $16,825,900 |
| AAJ | Aruma Resources Ltd | 0.036 | 13% | -12% | -36% | $7,088,100 |
| IXR | Ionic Rare Earths | 0.023 | 0% | 21% | -47% | $94,946,500 |
| NIC | Nickel Industries | 0.74 | -4% | -9% | -6% | $3,235,786,500 |
| EVG | Evion Group NL | 0.037 | 16% | 23% | -55% | $12,800,500 |
| CWX | Carawine Resources | 0.15 | 11% | 11% | 58% | $29,522,600 |
| PLS | Pilbara Min Ltd | 4.115 | -1% | -12% | -10% | $12,660,714,000 |
| HAS | Hastings Tech Met | 0.705 | -5% | -33% | -80% | $93,144,000 |
| BUX | Buxton Resources Ltd | 0.21 | 2% | 27% | 119% | $35,968,500 |
| ARR | American Rare Earths | 0.135 | 8% | 4% | -36% | $60,267,100 |
| SGQ | St George Min Ltd | 0.04 | 3% | -7% | 13% | $32,169,800 |
| TKL | Traka Resources | 0.005 | 0% | -17% | -29% | $4,356,600 |
| PAN | Panoramic Resources | 0.037 | 0% | -23% | -81% | $106,907,600 |
| PRL | Province Resources | 0.041 | 0% | 0% | -49% | $48,441,200 |
| IPT | Impact Minerals | 0.0125 | 4% | 4% | 79% | $35,808,800 |
| LIT | Lithium Australia | 0.034 | -3% | -11% | -39% | $40,332,300 |
| AKE | Allkem Limited | 11.23 | -3% | -20% | -19% | $7,486,452,300 |
| ARN | Aldoro Resources | 0.089 | -11% | -29% | -60% | $12,116,100 |
| JRV | Jervois Global Ltd | 0.0355 | -1% | -28% | -93% | $105,398,300 |
| MCR | Mincor Resources NL | 0 | -100% | -100% | -100% | $751,215,500 |
| SYR | Syrah Resources | 0.515 | 10% | -10% | -69% | $371,743,800 |
| FBM | Future Battery | 0.115 | 0% | 0% | 83% | $58,639,200 |
| ADD | Adavale Resource Ltd | 0.012 | -11% | -20% | -62% | $8,764,400 |
| LTR | Liontown Resources | 2.95 | -2% | 13% | 98% | $6,518,676,500 |
| CTM | Centaurus Metals Ltd | 0.67 | -1% | -12% | -32% | $332,718,600 |
| VML | Vital Metals Limited | 0.01 | 0% | 0% | -70% | $53,061,500 |
| BSX | Blackstone Ltd | 0.125 | 4% | 4% | -29% | $59,211,100 |
| POS | Poseidon Nick Ltd | 0.0195 | 3% | -11% | -57% | $70,455,400 |
| CHR | Charger Metals | 0.135 | 4% | -34% | -72% | $8,385,400 |
| AVL | Aust Vanadium Ltd | 0.028 | 4% | -3% | -18% | $139,121,000 |
| AUZ | Australian Mines Ltd | 0.015 | 7% | -12% | -78% | $9,453,500 |
| TMT | Technology Metals | 0.265 | -10% | -12% | -27% | $69,928,600 |
| RXL | Rox Resources | 0.25 | -4% | 16% | -6% | $82,807,400 |
| RNU | Renascor Res Ltd | 0.125 | 14% | -14% | -32% | $317,425,900 |
| GL1 | Globallith | 1.36 | -5% | -8% | -38% | $363,805,000 |
| BRB | Breaker Res NL | 0 | -100% | -100% | -100% | $158,126,000 |
| ASN | Anson Resources Ltd | 0.145 | -3% | 5% | -51% | $190,601,700 |
| SYA | Sayona Mining Ltd | 0.096 | 3% | -17% | -59% | $1,080,796,100 |
| FFX | Firefinch Ltd | 0.2 | 0% | 0% | 0% | $236,569,300 |
| EGR | Ecograf Limited | 0.13 | 18% | 0% | -59% | $54,311,000 |
| ATM | Aneka Tambang | 1.19 | 3% | 3% | 3% | $1,551,300 |
| TVN | Tivan Limited | 0.079 | 7% | 4% | 0% | $125,662,300 |
| ALY | Alchemy Resource Ltd | 0.011 | 0% | -4% | -59% | $13,547,900 |
| GAL | Galileo Mining Ltd | 0.41 | 37% | 26% | -69% | $81,026,200 |
| BHP | BHP Group Limited | 43.73 | -1% | -2% | 14% | $226,065,794,500 |
| LEL | Lithenergy | 0.57 | -6% | 2% | -19% | $57,685,600 |
| MMC | Mitremining | 0.265 | 0% | 6% | 61% | $12,017,800 |
| RMX | Red Mount Min Ltd | 0.004 | 0% | 0% | -38% | $9,357,500 |
| GW1 | Greenwing Resources | 0.125 | -7% | -22% | -66% | $24,395,200 |
| AQD | Ausquest Limited | 0.013 | -13% | 0% | -24% | $10,726,900 |
| LML | Lincoln Minerals | 0.0055 | 10% | -8% | -20% | $7,813,900 |
| 1MC | Morella Corporation | 0.006 | 0% | -8% | -71% | $42,970,600 |
| REE | Rarex Limited | 0.032 | -11% | -16% | -44% | $23,235,100 |
| MRC | Mineral Commodities | 0.031 | -18% | -40% | -66% | $22,818,000 |
| PUR | Pursuit Minerals | 0.009 | -10% | -10% | -18% | $26,495,700 |
| QPM | Queensland Pacific | 0.067 | 18% | 3% | -46% | $127,034,800 |
| EMH | European Metals Hldg | 0.695 | -3% | -9% | -5% | $83,093,800 |
| BMM | Balkanminingandmin | 0.205 | -2% | 21% | -36% | $14,105,500 |
| PEK | Peak Rare Earths Ltd | 0.375 | -3% | -16% | -14% | $92,624,500 |
| LEG | Legend Mining | 0.023 | -2% | -21% | -41% | $69,707,500 |
| MOH | Moho Resources | 0.008 | -11% | 0% | -70% | $1,904,200 |
| AML | Aeon Metals Ltd. | 0.016 | 7% | 0% | -47% | $17,542,400 |
| G88 | Golden Mile Res Ltd | 0.03 | -6% | -6% | 7% | $9,552,300 |
| WKT | Walkabout Resources | 0.115 | 0% | 0% | -34% | $76,676,800 |
| TON | Triton Min Ltd | 0.022 | 5% | -19% | -4% | $35,911,200 |
| AR3 | Austrare | 0.22 | -6% | -14% | -33% | $35,458,200 |
| ARU | Arafura Rare Earths | 0.26 | 8% | 6% | -20% | $560,041,600 |
| MIN | Mineral Resources. | 64 | -6% | -11% | -3% | $13,177,512,100 |
| VMC | Venus Metals Cor Ltd | 0.125 | -4% | 0% | 43% | $23,716,100 |
| S2R | S2 Resources | 0.165 | -6% | -3% | 22% | $71,766,000 |
| CNJ | Conico Ltd | 0.006 | -14% | 0% | -84% | $9,420,600 |
| VR8 | Vanadium Resources | 0.057 | -5% | -20% | -40% | $31,214,200 |
| PVT | Pivotal Metals Ltd | 0.019 | -5% | 19% | -37% | $10,347,400 |
| BOA | Boadicea Resources | 0.04 | 5% | 25% | -60% | $4,923,600 |
| IPX | Iperionx Limited | 1.455 | 2% | 22% | 63% | $288,184,100 |
| SLZ | Sultan Resources Ltd | 0.019 | -17% | -30% | -78% | $2,963,800 |
| NKL | Nickelxltd | 0.053 | -12% | -24% | -58% | $4,926,800 |
| NVA | Nova Minerals Ltd | 0.22 | -4% | -19% | -66% | $46,395,800 |
| MLS | Metals Australia | 0.034 | 3% | -3% | -21% | $21,841,300 |
| MQR | Marquee Resource Ltd | 0.029 | -17% | -12% | -50% | $9,590,500 |
| MRR | Minrex Resources Ltd | 0.014 | 0% | 0% | -68% | $15,188,100 |
| EVR | Ev Resources Ltd | 0.014 | 8% | -7% | -44% | $12,167,800 |
| EFE | Eastern Resources | 0.01 | 11% | 11% | -68% | $11,177,500 |
| CNB | Carnaby Resource Ltd | 0.86 | 5% | -19% | 15% | $141,676,300 |
| BNR | Bulletin Res Ltd | 0.079 | 7% | 36% | -31% | $23,193,700 |
| AX8 | Accelerate Resources | 0.023 | -4% | 10% | -34% | $9,134,400 |
| AM7 | Arcadia Minerals | 0.105 | 5% | 5% | -61% | $10,473,800 |
| AS2 | Askarimetalslimited | 0.175 | -13% | -34% | -44% | $14,309,000 |
| BYH | Bryah Resources Ltd | 0.013 | -19% | -35% | -47% | $5,379,100 |
| DTM | Dart Mining NL | 0.022 | -12% | -24% | -70% | $3,460,200 |
| EMS | Eastern Metals | 0.033 | 6% | -13% | -76% | $2,195,800 |
| FG1 | Flynngold | 0.058 | 14% | -11% | -45% | $7,910,200 |
| GSM | Golden State Mining | 0.037 | 6% | -12% | -10% | $7,452,400 |
| IMI | Infinitymining | 0.14 | 4% | -3% | -42% | $11,647,700 |
| LRV | Larvottoresources | 0.125 | -4% | -11% | -32% | $8,743,100 |
| LSR | Lodestar Minerals | 0.0055 | -8% | -21% | -8% | $11,128,700 |
| RAG | Ragnar Metals Ltd | 0.024 | 4% | -4% | -10% | $10,901,600 |
| CTN | Catalina Resources | 0.004 | -20% | 33% | -50% | $4,953,900 |
| TMB | Tambourahmetals | 0.175 | -8% | -10% | 9% | $14,929,300 |
| TEM | Tempest Minerals | 0.008 | -16% | -43% | -76% | $4,602,500 |
| EMC | Everest Metals Corp | 0.11 | 0% | -15% | 10% | $14,661,100 |
| WML | Woomera Mining Ltd | 0.0105 | -13% | -13% | -29% | $9,561,900 |
| KZR | Kalamazoo Resources | 0.1 | 0% | 0% | -50% | $17,806,300 |
| LMG | Latrobe Magnesium | 0.0425 | -8% | -13% | -46% | $72,618,300 |
| KOR | Korab Resources | 0.019 | 0% | -5% | -39% | $6,974,000 |
| CMX | Chemxmaterials | 0.086 | -14% | -25% | -49% | $4,776,900 |
| NC1 | Nicoresourceslimited | 0.44 | 4% | -8% | -18% | $36,928,500 |
| GRE | Greentechmetals | 0.4 | -10% | 4% | 186% | $23,204,200 |
| CMO | Cosmometalslimited | 0.053 | -5% | -26% | -63% | $1,838,900 |
| FRB | Firebird Metals | 0.14 | 0% | -3% | -28% | $10,230,500 |
| S32 | South32 Limited | 3.395 | 2% | 0% | -6% | $15,863,493,800 |
| OMH | OM Holdings Limited | 0.48 | -2% | -9% | -21% | $350,846,100 |
| JMS | Jupiter Mines. | 0.1925 | -1% | -6% | -1% | $382,003,300 |
| E25 | Element 25 Ltd | 0.43 | -7% | 2% | -43% | $92,450,400 |
| EMN | Euromanganese | 0.14 | -3% | -26% | -50% | $34,545,400 |
| KGD | Kula Gold Limited | 0.013 | -16% | -24% | -55% | $4,851,800 |
| LRS | Latin Resources Ltd | 0.2725 | 5% | -28% | 184% | $750,157,900 |
| CRR | Critical Resources | 0.038 | 0% | 0% | -41% | $67,539,300 |
| ENT | Enterprise Metals | 0.004 | 0% | 0% | -60% | $3,197,900 |
| SCN | Scorpion Minerals | 0.069 | 15% | 19% | -5% | $20,051,000 |
| GCM | Green Critical Min | 0.007 | 17% | -13% | -42% | $7,956,100 |
| ENV | Enova Mining Limited | 0.007 | 17% | 17% | -59% | $3,420,600 |
| RBX | Resource B | 0.155 | 0% | -3% | 48% | $12,816,100 |
| AKN | Auking Mining Ltd | 0.068 | -1% | 55% | -21% | $13,062,600 |
| RR1 | Reach Resources Ltd | 0.0125 | -17% | -11% | 79% | $44,570,800 |
| EMT | Emetals Limited | 0.008 | -11% | 0% | -50% | $6,800,000 |
| PNT | Panthermetalsltd | 0.08 | 18% | 43% | -52% | $4,892,000 |
| WIN | Widgienickellimited | 0.22 | 10% | 16% | -6% | $67,037,600 |
| WMG | Western Mines | 0.3 | -3% | -12% | 140% | $18,140,300 |
| AVW | Avira Resources Ltd | 0.002 | 33% | 33% | -33% | $4,267,600 |
| CAI | Calidus Resources | 0.145 | -9% | -15% | -73% | $94,221,400 |
| GT1 | Greentechnology | 0.425 | -8% | -16% | -44% | $97,969,700 |
| KAI | Kairos Minerals Ltd | 0.021 | -5% | -16% | -25% | $55,039,200 |
| MTM | MTM Critical Metals | 0.036 | -8% | -25% | -71% | $3,559,700 |
| NWM | Norwest Minerals | 0.03 | 3% | -12% | -17% | $8,627,100 |
| PGD | Peregrine Gold | 0.28 | -5% | -10% | -55% | $15,729,700 |
| RAS | Ragusa Minerals Ltd | 0.038 | 23% | -22% | -89% | $5,418,800 |
| RGL | Riversgold | 0.013 | 8% | 0% | -64% | $12,366,400 |
| SRZ | Stellar Resources | 0.012 | 9% | 9% | -20% | $12,071,600 |
| STM | Sunstone Metals Ltd | 0.015 | -17% | -32% | -58% | $46,229,800 |
| ZNC | Zenith Minerals Ltd | 0.115 | 26% | -4% | -59% | $40,523,800 |
| WC8 | Wildcat Resources | 0.475 | 20% | 19% | 1384% | $326,152,600 |
| ASO | Aston Minerals Ltd | 0.035 | -3% | -24% | -58% | $34,438,000 |
| THR | Thor Energy PLC | 0.037 | -18% | 3% | -61% | $6,700,800 |
| YAR | Yari Minerals Ltd | 0.018 | -5% | -5% | -5% | $8,682,400 |
| IG6 | Internationalgraphit | 0.1825 | 1% | 1% | -48% | $16,462,800 |
| LPM | Lithium Plus | 0.56 | 40% | 133% | -7% | $32,664,200 |
| ODE | Odessa Minerals Ltd | 0.012 | 0% | 50% | -33% | $11,365,300 |
| KOB | Kobaresourceslimited | 0.08 | 0% | -18% | -36% | $8,433,300 |
| AZI | Altamin Limited | 0.06 | -8% | -15% | -28% | $25,461,600 |
| FTL | Firetail Resources | 0.1 | -5% | -13% | -50% | $14,890,600 |
| LNR | Lanthanein Resources | 0.0085 | 6% | -39% | -78% | $8,972,600 |
| CLZ | Classic Min Ltd | 0.001 | 0% | 0% | -94% | $12,046,200 |
| NVX | Novonix Limited | 0.79 | -4% | -15% | -55% | $398,080,200 |
| OCN | Oceanalithiumlimited | 0.22 | 2% | -8% | -58% | $11,676,800 |
| SUM | Summitminerals | 0.115 | -18% | -4% | -38% | $5,480,600 |
| DVP | Develop Global Ltd | 3.22 | 4% | 15% | 29% | $652,678,500 |
| XTC | Xantippe Res Ltd | 0.001 | 0% | 0% | -79% | $17,528,000 |
| OD6 | Od6Metalsltd | 0.17 | 0% | -15% | -3% | $9,077,600 |
| HRE | Heavy Rare Earths | 0.089 | -2% | 37% | -49% | $5,413,400 |
| LIN | Lindian Resources | 0.21 | -14% | -36% | -35% | $230,384,400 |
| PEK | Peak Rare Earths Ltd | 0.375 | -3% | -16% | -14% | $92,624,500 |
| ILU | Iluka Resources | 7.42 | -6% | -12% | -18% | $3,314,531,300 |
| ASM | Ausstratmaterials | 1.46 | -5% | -15% | -38% | $255,166,100 |
| ETM | Energy Transition | 0.038 | 0% | -7% | -24% | $54,229,800 |
| VMS | Venture Minerals | 0.01 | -17% | -23% | -57% | $21,450,100 |
| IDA | Indiana Resources | 0.06 | -5% | 0% | -6% | $33,211,900 |
| VTM | Victory Metals Ltd | 0.205 | 8% | 0% | 17% | $16,179,900 |
| M2R | Miramar | 0.037 | -29% | -14% | -57% | $5,508,200 |
| WCN | White Cliff Min Ltd | 0.012 | -8% | 50% | -40% | $15,084,200 |
| TAR | Taruga Minerals | 0.011 | 10% | 22% | -62% | $7,766,300 |
| ABX | ABX Group Limited | 0.078 | -1% | -20% | -50% | $19,144,900 |
| MEK | Meeka Metals Limited | 0.039 | -19% | -20% | -35% | $41,883,900 |
| RR1 | Reach Resources Ltd | 0.0125 | -17% | -11% | 79% | $44,570,800 |
| DRE | Dreadnought Resources Ltd | 0.048 | -9% | -16% | -51% | $161,247,800 |
| KFM | Kingfisher Mining | 0.185 | 0% | -8% | -58% | $9,668,700 |
| AOA | Ausmon Resorces | 0.003 | -14% | 0% | -60% | $2,907,900 |
| WC1 | Westcobarmetals | 0.086 | 4% | 1% | -68% | $7,342,600 |
| GRL | Godolphin Resources | 0.039 | 8% | 15% | -53% | $6,938,900 |
| DM1 | Desert Metals | 0.045 | 0% | -54% | -91% | $3,264,300 |
| PTR | Petratherm Ltd | 0.064 | 19% | 10% | -12% | $12,361,300 |
| ITM | Itech Minerals Ltd | 0.13 | -4% | -21% | -67% | $15,786,000 |
| KTA | Krakatoa Resources | 0.023 | 10% | -16% | -66% | $10,437,600 |
| M24 | Mamba Exploration | 0.05 | -12% | 0% | -60% | $3,232,100 |
| LNR | Lanthanein Resources | 0.0085 | 6% | -39% | -78% | $8,972,600 |
| TKM | Trek Metals Ltd | 0.053 | -2% | -23% | -16% | $27,670,700 |
| BCA | Black Canyon Limited | 0.12 | 0% | -20% | -45% | $7,877,300 |
| CDT | Castle Minerals | 0.01 | 11% | -9% | -60% | $11,244,900 |
| DLI | Delta Lithium | 0.725 | -6% | -9% | 12% | $412,810,500 |
| A11 | Atlantic Lithium | 0.455 | -2% | 8% | -29% | $284,692,400 |
| KNI | Kunikolimited | 0.3 | -9% | -23% | -58% | $26,630,900 |
| CY5 | Cygnus Metals Ltd | 0.175 | -5% | -17% | -35% | $49,307,200 |
| WR1 | Winsome Resources | 1.42 | -4% | -6% | 274% | $235,327,700 |
| LLI | Loyal Lithium Ltd | 0.605 | -18% | -15% | 32% | $54,959,300 |
| BC8 | Black Cat Syndicate | 0.21 | -18% | -7% | -36% | $62,404,200 |
| BUR | Burleyminerals | 0.155 | -16% | 24% | 11% | $15,701,000 |
| PBL | Parabellumresources | 0.345 | 0% | 0% | 30% | $18,879,300 |
| L1M | Lightning Minerals | 0.125 | -7% | -17% | 0% | $4,718,200 |
| WA1 | Wa1Resourcesltd | 4.92 | -6% | -11% | 3074% | $214,650,500 |
| EV1 | Evolutionenergy | 0.175 | 3% | -10% | -33% | $24,853,100 |
| 1AE | Auroraenergymetals | 0.14 | 4% | 94% | -40% | $24,677,100 |
| RVT | Richmond Vanadium | 0.385 | 1% | -4% | 0% | $33,190,000 |
| PMT | Patriotbatterymetals | 1.205 | -7% | -12% | 0% | $428,906,800 |
| PAT | Patriot Lithium | 0.185 | 0% | -5% | 0% | $11,180,300 |
| BM8 | Battery Age Minerals | 0.265 | 0% | -18% | -47% | $24,888,300 |
| OM1 | Omnia Metals Group | 0.085 | 2% | -37% | -43% | $3,873,500 |
| VHM | Vhmlimited | 0.5 | -6% | 11% | 0% | $76,188,500 |
| LLL | Leolithiumlimited | 0.505 | 0% | -56% | -10% | $498,553,700 |
| SRN | Surefire Rescs NL | 0.0145 | -3% | -6% | 12% | $24,770,500 |
| SRL | Sunrise | 0.765 | -2% | -19% | -68% | $69,475,200 |
| SYR | Syrah Resources | 0.515 | 10% | -10% | -69% | $371,743,800 |
| EG1 | Evergreenlithium | 0.28 | -2% | 2% | 0% | $15,744,400 |
| WSR | Westar Resources | 0.021 | -5% | -9% | -57% | $3,985,200 |
| LU7 | Lithium Universe Ltd | 0.05 | -6% | 2% | -17% | $19,426,100 |
| MEI | Meteoric Resources | 0.215 | -7% | -10% | 1554% | $417,241,300 |
| REC | Rechargemetals | 0.19 | -5% | -10% | 19% | $20,061,100 |
| SLM | Solismineralsltd | 0.25 | -11% | -31% | 233% | $18,986,000 |
| DYM | Dynamicmetalslimited | 0.2 | -7% | -13% | 0% | $7,175,000 |
| TOR | Torque Met | 0.31 | -17% | 148% | 72% | $38,600,000 |
| ICL | Iceni Gold | 0.075 | -11% | -13% | -23% | $18,708,900 |
| TMX | Terrain Minerals | 0.005 | 25% | -17% | -29% | $6,288,200 |
| MHC | Manhattan Corp Ltd | 0.007 | -13% | -22% | -13% | $20,558,900 |
| MHK | Metalhawk. | 0.098 | -15% | -11% | -46% | $7,168,200 |
| ANX | Anax Metals Ltd | 0.0355 | -11% | -33% | -37% | $14,616,700 |
Alderan Resources (ASX:AL8) made an update on the seven lithium exploration projects it’s acquiring in the mineral resource rich state of Minas Gerais, Brazil. It published a due diligence (legal) update on the projects, as well as noting project site visits are underway.
Nimy Resources (ASX:NIM) has noted its intersected 13m of massive sulphide mineralisation in total, containing pyrrhotite, pentlandite, chalcopyrite and pyrite in RC drilling at its Mons nickel project.
Galaxy Resources’ Jiangsu plant designer Hatch will take on the design study of Lithium Universe (ASX:LU7) proposed 16,000tpa lithium carbonate plant in Canada. Read more in our special report.
Pioneer Lithium (ASX:PLN) has begun mapping and sampling work at its Root Lake project in James Bay. Read more in our special report.
Altech Batteries (ASX:ATC) has started the permitting and licensing process for its 100MWh lithium-free, cobalt-free, graphite-free and copper-free CERENERGY battery project in Germany, which is expected to streamline construction and operation process.
Future Battery Minerals (ASX:FBM) has commenced Phase 3 resource drilling at the Nevada lithium project in the US, eyeing a maiden resource for Q1 2024.
Galan Lithium (ASX:GLN) has released the Phase 2 definitive feasibility study for its Hombre Muerto West project in Argentina, which delivers a 286% increase in production to 20,851t LCE, and improves NPV 8 and IRR to US$2bn and 43% for additional Capex of US$278m. (Read more on this in our special report here.)
Dynamic Metals (ASX:DYM) has sold tenement E39/2134 to Western Mines Group (ASX:WMG) which is expanding its Mulga Tank nickel-copper-PGE project next door.
And Patriot Lithium (ASX:PAT) has appointed Hugh Warner as non-executive chairman and Chris Hilbrands as joint company secretary, both of whom were founding directors and/or executives of Prospect Resources (ASX:PSC).
Hold on, before we get out of here and recharge for something else… it’s always well worth paying attention to what our ‘Garimpeiro’ columnist Barry FitzGerald is looking at in this resources sub-sector.
Following on from his recent good call on junior lithium stock Bulletin Resources (ASX:BNR), Barry’s latest profile subject Leeuwin Metals (ASX:LM1) is up 23.5% over the past week, on nothing particularly newsworthy or fresh.
Hell, let’s just put it down to the Fitz factor then, shall we?
The Glencore backed nickel and lithium explorer is among the throng hunting battery metals in Canada – no, not in Quebec’s James Bay, but in the territory of Manitoba.
There, it’s focused on the Cross Lake lithium project, which includes an area that’s been dubbed “Spodumene Island”, along with the William Lake nickel sulphide project.
It’s all pretty chin-stroking stuff. Writes Barry…
“Garimpeiro has continued his relentless search for lithium explorers with tight capital bases. If a nickel project, and exposure to a rare earths hot spot are thrown in as part of the bargain, then all the better.”
And you can continue reading that… here.
At Stockhead we tell it like it is. While Lithium Universe, Pioneer Lithium, Altech Batteries, Future Battery Minerals, Galan Lithium and Patriot Lithium are Stockhead advertisers, they did not sponsor this article.
Mining
Mining
Mining
Mining
Mining
Mining
Get the latest Stockhead news delivered free to your inbox.
