• Morgan Stanley bears warn lower Chinese demand could hit lithium prices in 2023
  • New US plant to double Yank cathode production by 2027 as customer General Motors plots electric makeover
  • Top ASX battery metals stocks this week: NiCo Resources, Mamba Exploration

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

“I’m Morgan Stanley and you may remember me from such lithium price crash predictions as the winter of 2018.”

Being fair to MS, one of the many maligned big investment banks lashed by the industry for contrarian bear takes on lithium pricing, its 2018 prediction did come true with a wave of supply from hard rock mines in Australia forcing some into insolvency as prices cratered.

But lithium is now worth more than ever before, leaving many to wonder just where the top is.

MS’ commodities team think demand will decelerate in China, the crucible of the battery metals and electric vehicle industries, with its EV penetration rate among new car sales already over 20%.

An overproduction of stockpiled batteries may also have chewed up 85,000t of lithium carbonate equivalent demand this year. MS expects the market deficit to slide from 90,000t LCE this year to 15,000t LCE in 2023, with Chinese lithium carbonate prices to fall to US$67,500/t in the first half and US$47,500/t in the second half of 2023.

That’s around a 35% downside on current prices. Longer term, MS sees a 22% shortfall in lithium supply by 2030.

Fastmarkets reported the domestic lithium carbonate price in China overnight down 17,500 Yuan to RMB580,000/t. That’s equivalent to around US$80,700/t, a price point that will hardly have lithium miners shaking in their boots. At the same time Fastmarkets’ China hydroxide assessment lifted 5000 Yuan to RMB590,000/t (~US$82,200/t).

“Trading activity remained slow in the year-end and market participants remained cautious amid recent weakness in domestic Chinese market,” Fastmarkets price assessors said.

READ: Eye on Lithium: Analysts warn slower China EV sales could drain the juice from lithium prices

 

US cathode production to double with new plant

Whether analysts or miners like Ken Brinsden, who told Stockhead the big banks are disconnected from the battery market, are right remains to be seen.

What there is little doubt of is that demand for lithium and electric vehicle components will grow over the coming decades.

One of former Pilbara Minerals (ASX:PLS) MD Brinsden’s big points on the lithium market is there will be strong demand for spodumene produced in jurisdictions like Canada, where he is the non-executive chair of Quebec explorer Patriot Battery Metals (ASX:PMT).

That will come from the growth of a US EV and battery supply chain that remains completely reliant on Asian materials, mostly out of China, to support its growth and meet the Biden Administration’s emissions reduction targets.

A new US$3.2 billion battery cathode facility in Tennessee announced by South Korea’s LG Chem could double North America’s cathode capacity inside five years, bringing 120,000t of capacity to the local Yankee market by 2027.

With construction beginning in only a few months and first production in H2 2025, that’s enough to produce NCMA (nickel, cobalt, manganese and aluminium) cathode for 1.2 million electric vehicles.

The plant will help LG Chem supply US auto giant General Motors, which will take 950,000t of cathode active material from the South Korean supplier by the end of the decade.

GM wants to produce 1 million battery EVs annually by 2025, targeting US$50 billion in EV revenue, and says it has all the materials locked up to do that. It’s got a fair way to go.

Its current all-electric models, the Chevrolet Bolt EV and Bolt EUVs, captured 8% of the US EV market in the third quarter, with production increasing from 44,000 in 2022 to 70,000 units next year.

But it expects to have “multiple entries” in the pickup, SUV and luxury segmenta making up 70% of the EV market by 2025 and plans to enter full production of its BrightDrop EV delivery van next year.

READ: Q+A: Industry legend and ex-Pilbara Minerals boss Ken Brinsden is singing ‘O Canada’ in return to ASX lithium market

 

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 mail to [email protected].

CODE COMPANY PRICE 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % MARKET CAP
VIA Viagold Rare Earth 2 0% 0% 0% 0% $ 166,624,808.00
PVW PVW Res Ltd 0.12 0% -14% -60% -74% $ 10,697,515.63
A8G Australasian Metals 0.25 11% 6% -36% -49% $ 10,292,623.50
INF Infinity Lithium 0.175 -5% -17% 30% 0% $ 81,361,343.88
LPI Lithium Pwr Int Ltd 0.505 -4% -15% -11% 10% $ 199,512,574.26
PSC Prospect Res Ltd 0.155 19% 55% 226% 332% $ 76,272,811.23
PAM Pan Asia Metals 0.42 -2% 5% -12% -12% $ 66,085,015.50
CXO Core Lithium 1.31 -7% -2% 0% 143% $ 2,371,432,050.51
LOT Lotus Resources Ltd 0.19 -16% -17% -27% -38% $ 265,424,651.40
AGY Argosy Minerals Ltd 0.5875 -10% 13% 31% 118% $ 786,468,198.88
AZS Azure Minerals 0.255 -7% 0% -2% -28% $ 84,168,644.67
NWC New World Resources 0.039 18% 15% 0% -43% $ 68,520,404.41
QXR Qx Resources Limited 0.055 -13% -8% -2% 139% $ 47,620,565.33
GSR Greenstone Resources 0.025 0% -7% -49% -14% $ 27,939,053.38
CAE Cannindah Resources 0.245 -4% 23% 0% 17% $ 126,092,889.19
AZL Arizona Lithium Ltd 0.069 -10% -14% -54% -27% $ 175,924,565.95
HNR Hannans Ltd 0.021 0% 0% -9% -40% $ 54,731,701.00
COB Cobalt Blue Ltd 0.635 -5% -3% -23% 67% $ 214,313,699.52
ESS Essential Metals Ltd 0.4 -5% -13% -29% 111% $ 104,880,391.25
LPD Lepidico Ltd 0.016 -11% -16% -45% -63% $ 122,204,339.57
MRD Mount Ridley Mines 0.005 11% 0% -33% -33% $ 34,682,524.26
CZN Corazon Ltd 0.0165 3% -3% -37% -52% $ 10,070,454.19
LKE Lake Resources 0.9375 -10% -5% -34% 12% $ 1,300,864,292.92
DEV Devex Resources Ltd 0.29 12% 5% -24% -55% $ 111,233,572.50
SRL Sunrise 2.09 -9% 2% -30% 14% $ 184,618,651.95
INR Ioneer Ltd 0.5475 4% 1% 2% -16% $ 1,112,119,281.51
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% 27% $ 2,752,409,203.44
MAN Mandrake Res Ltd 0.041 1% 14% -16% -23% $ 22,652,496.72
RLC Reedy Lagoon Corp. 0.011 -15% -15% -58% -73% $ 6,689,122.94
GBR Greatbould Resources 0.084 -8% -7% -13% -35% $ 36,367,006.88
FRS Forrestaniaresources 0.175 -3% -13% -17% -49% $ 8,319,270.30
STK Strickland Metals 0.043 -4% -16% -45% -42% $ 61,786,786.09
MLX Metals X Limited 0.26 -5% 4% -48% -35% $ 226,816,516.75
CLA Celsius Resource Ltd 0.017 6% 31% -15% -35% $ 25,548,093.73
FGR First Graphene Ltd 0.1225 -2% 7% -9% -39% $ 72,664,548.38
HXG Hexagon Energy 0.017 0% 31% -37% -80% $ 8,719,570.32
TLG Talga Group Ltd 1.455 12% 15% 6% -16% $ 481,431,916.80
MNS Magnis Energy Tech 0.365 -4% -1% -11% -31% $ 339,616,019.05
OZL OZ Minerals 27.345 0% 13% 18% 6% $ 9,138,539,564.70
PLL Piedmont Lithium Inc 0.81 -4% -13% -6% 3% $ 427,332,348.00
EUR European Lithium Ltd 0.082 -15% -9% 14% -29% $ 121,736,090.70
BKT Black Rock Mining 0.1575 -2% -5% -21% -21% $ 152,246,882.41
QEM QEM Limited 0.18 0% -8% -23% -5% $ 23,650,124.58
LYC Lynas Rare Earths 8.53 1% 5% -9% 1% $ 7,557,357,963.50
ESR Estrella Res Ltd 0.011 -8% 10% -59% -66% $ 17,729,584.72
ARL Ardea Resources Ltd 0.955 -10% 10% -18% 87% $ 164,645,638.84
GLN Galan Lithium Ltd 1.41 -2% -7% -1% -8% $ 409,646,489.95
JRL Jindalee Resources 2.14 -5% -7% -33% -7% $ 124,512,356.22
VUL Vulcan Energy 6.985 -4% -4% -7% -32% $ 1,010,513,872.05
SBR Sabre Resources 0.004 0% -20% 0% -20% $ 11,659,424.03
CHN Chalice Mining Ltd 5.22 14% 23% -16% -42% $ 1,919,115,689.40
VRC Volt Resources Ltd 0.0155 -9% -33% -18% -45% $ 62,070,782.06
NMT Neometals Ltd 0.96 -8% -10% -26% -9% $ 541,686,352.48
GME GME Resources Ltd 0.09 10% 7% -28% 43% $ 58,468,071.66
PNN Power Minerals Ltd 0.56 6% 17% 13% 10% $ 41,129,768.16
IGO IGO Limited 14.635 -6% -6% 21% 44% $ 10,972,810,610.37
GED Golden Deeps 0.0095 -5% -21% -53% -21% $ 11,552,267.14
ADV Ardiden Ltd 0.01 0% 43% -9% -17% $ 24,015,018.20
SRI Sipa Resources Ltd 0.04 -9% -20% 3% -27% $ 9,079,436.52
NTU Northern Min Ltd 0.04 0% 0% -7% -39% $ 209,417,934.56
AXE Archer Materials 0.67 3% -3% -7% -44% $ 164,318,356.62
PGM Platina Resources 0.02 -5% 5% -51% -68% $ 12,463,606.62
AAJ Aruma Resources Ltd 0.077 1% 10% 15% 10% $ 11,772,112.73
IXR Ionic Rare Earths 0.039 3% -13% -22% -11% $ 147,158,986.96
NIC Nickel Industries 0.9575 2% 37% -22% -31% $ 2,567,397,087.18
BEM Blackearth Minerals 0.088 -1% -5% -12% -23% $ 25,123,159.98
CWX Carawine Resources 0.091 2% 6% -37% -56% $ 17,910,389.59
PLS Pilbara Min Ltd 4.46 -6% -8% 53% 80% $ 13,236,269,448.74
HAS Hastings Tech Met 3.67 4% 3% -24% -25% $ 453,499,593.12
BUX Buxton Resources Ltd 0.098 -11% -7% 8% 11% $ 15,248,169.66
ARR American Rare Earths 0.195 0% 3% -43% 15% $ 88,876,159.80
SGQ St George Min Ltd 0.079 5% 32% 103% 36% $ 53,296,353.41
TKL Traka Resources 0.006 20% 0% -29% -54% $ 4,132,647.37
PAN Panoramic Resources 0.17 -3% 17% -38% -24% $ 348,655,380.68
PRL Province Resources 0.067 -11% -17% -26% -57% $ 77,978,547.44
IPT Impact Minerals 0.01 11% 67% -9% -26% $ 24,813,705.56
LIT Lithium Australia 0.051 -6% 6% -42% -59% $ 61,059,583.60
AKE Allkem Limited 13.06 -9% -7% -7% 37% $ 8,340,567,764.88
ARN Aldoro Resources 0.31 -22% 7% 41% -30% $ 37,120,814.61
JRV Jervois Global Ltd 0.3475 -7% -29% -56% -33% $ 669,749,116.86
MCR Mincor Resources NL 1.51 -1% 12% -38% 22% $ 758,691,921.45
SYR Syrah Resources 2.31 -1% -2% 29% 95% $ 1,522,195,511.70
AOU Auroch Minerals Ltd 0.054 -10% -7% -41% -55% $ 20,782,260.74
ADD Adavale Resource Ltd 0.026 -7% -13% -10% -43% $ 14,284,078.70
LTR Liontown Resources 1.8775 -8% 1% 42% 1% $ 4,063,405,397.50
CTM Centaurus Metals Ltd 1.11 -6% 12% -5% 4% $ 469,816,900.30
VML Vital Metals Limited 0.027 0% -18% -49% -52% $ 143,266,043.28
BSX Blackstone Ltd 0.16 -9% -9% -46% -72% $ 75,716,036.00
POS Poseidon Nick Ltd 0.041 -7% -16% -41% -55% $ 125,622,340.57
CHR Charger Metals 0.53 -9% 18% -4% 28% $ 23,765,289.08
AVL Aust Vanadium Ltd 0.026 -10% -21% -41% -7% $ 105,975,716.21
AUZ Australian Mines Ltd 0.058 -15% -10% -49% -73% $ 29,625,230.46
TMT Technology Metals 0.34 -1% -3% -11% 0% $ 73,963,156.34
RXL Rox Resources 0.17 0% 3% -49% -55% $ 32,162,097.87
RNU Renascor Res Ltd 0.295 -2% 37% 31% 168% $ 679,515,450.13
GL1 Globallith 2.28 -6% -7% 39% 286% $ 480,937,971.36
BRB Breaker Res NL 0.31 2% 11% 29% -10% $ 97,843,350.00
ASN Anson Resources Ltd 0.2225 -5% -27% 71% 78% $ 264,576,150.45
SYA Sayona Mining Ltd 0.2075 -1% -12% -1% 48% $ 1,704,244,006.40
FFX Firefinch Ltd 0.2 0% 0% -46% -11% $ 236,248,644.20
EGR Ecograf Limited 0.295 -6% -14% -30% -62% $ 137,351,705.00
ATM Aneka Tambang 1.05 5% 5% -16% -5% $ 1,368,831.45
TNG TNG Limited 0.096 7% 22% 35% 23% $ 131,899,731.09
ALY Alchemy Resource Ltd 0.026 -4% -21% -4% 100% $ 31,808,058.91
ILU Iluka Resources 9.935 2% 18% -6% 22% $ 4,257,820,153.02
GAL Galileo Mining Ltd 1.05 0% -11% -38% 357% $ 199,601,176.27
BHP BHP Group Limited 44.82 4% 20% 3% 32% $ 222,338,864,202.84
LEL Lithenergy 0.9 -1% -20% -27% 2% $ 54,135,000.00
MMC Mitremining 0.205 21% 17% 41% 0% $ 6,229,573.00
RMX Red Mount Min Ltd 0.005 25% 11% -38% -50% $ 8,211,819.29
GW1 Greenwing Resources 0.34 -4% 5% 11% -26% $ 44,802,939.37
AQD Ausquest Limited 0.015 0% -12% -25% -17% $ 12,377,238.35
LML Lincoln Minerals 0.006854 0% 0% 0% 0% $ 3,941,168.18
1MC Morella Corporation 0.0175 3% -19% -38% -72% $ 98,626,448.36
REE Rarex Limited 0.052 6% -5% -36% -50% $ 28,389,942.22
MRC Mineral Commodities 0.075 4% 0% -32% -32% $ 42,470,270.90
PUR Pursuit Minerals 0.011 0% 0% -50% -68% $ 10,979,971.13
QPM Queensland Pacific 0.12 -31% -25% -31% -38% $ 218,293,490.25
EMH European Metals Hldg 0.73 -6% -4% -23% -49% $ 86,927,876.59
BMM Balkanminingandmin 0.275 -5% 0% 2% -40% $ 12,903,226.80
PEK Peak Rare Earths Ltd 0.475 1% 10% -2% -28% $ 97,453,812.39
LEG Legend Mining 0.035 -3% 0% -51% -33% $ 99,184,885.96
MOH Moho Resources 0.024 0% 4% -37% -60% $ 5,191,555.10
AML Aeon Metals Ltd. 0.03 0% 11% -17% -33% $ 32,892,018.66
G88 Golden Mile Res Ltd 0.027 17% 4% -45% -46% $ 4,705,564.39
WKT Walkabout Resources 0.173011 0% 0% 0% 13% $ 104,357,200.38
TON Triton Min Ltd 0.026 4% 13% -4% -35% $ 38,717,956.96
AR3 Austrare 0.33 -6% -4% -28% -67% $ 30,940,504.40
ARU Arafura Rare Earths 0.415 -7% 41% 9% 113% $ 699,615,220.95
MIN Mineral Resources. 83.75 1% 17% 37% 92% $ 15,531,619,752.00
VMC Venus Metals Cor Ltd 0.15 0% 3% -21% -17% $ 26,711,802.45
S2R S2 Resources 0.155 -9% 15% -11% -28% $ 53,501,228.25
CNJ Conico Ltd 0.009 -10% -40% -74% -75% $ 14,549,681.11
VR8 Vanadium Resources 0.056 -3% -20% -49% -22% $ 27,127,092.94
RBX Resource B 0.088 -2% 2% -47% -55% $ 4,256,545.04
PVT Pivotal Metals Ltd 0.037 -14% -21% -8% -48% $ 13,178,057.05
BOA Boadicea Resources 0.1 5% -9% -44% -50% $ 7,769,989.50
IPX Iperionx Limited 0.75 1% 5% -4% -15% $ 124,994,609.16
SLZ Sultan Resources Ltd 0.08 -16% -20% -48% -47% $ 7,495,595.01
NKL Nickelxltd 0.094 -5% -39% -49% -15% $ 7,437,754.44
NVA Nova Minerals Ltd 0.68 -10% -4% 9% -50% $ 145,563,074.65
MLS Metals Australia 0.045 -12% 13% -47% 13% $ 27,316,628.60
MQR Marquee Resource Ltd 0.056 8% -8% -47% -49% $ 17,468,966.90
MRR Minrex Resources Ltd 0.039 -9% -9% -29% 95% $ 44,425,209.58
EVR Ev Resources Ltd 0.019 -10% -5% -51% -63% $ 18,579,681.42
EFE Eastern Resources 0.036 -18% 3% 3% -50% $ 46,630,224.43
CNB Carnaby Resource Ltd 0.8425 4% -3% -12% 237% $ 122,153,955.43
BNR Bulletin Res Ltd 0.1125 -10% -13% -34% 48% $ 33,647,976.50
WR1 Winsome Resources 1.055 -7% 124% 151% 0% $ 153,111,223.10
AX8 Accelerate Resources 0.0315 17% 5% -19% -17% $ 9,019,804.26
AM7 Arcadia Minerals 0.26 4% -17% 18% 24% $ 12,608,430.84
AS2 Askarimetalslimited 0.395 -12% -8% -19% 98% $ 20,229,040.02
BYH Bryah Resources Ltd 0.026 -4% 18% -45% -49% $ 7,031,336.85
DTM Dart Mining NL 0.069 1% 6% 0% -27% $ 10,868,211.20
EMS Eastern Metals 0.096 -13% -20% -49% -61% $ 3,750,183.65
FG1 Flynngold 0.13 4% 8% -7% -32% $ 8,327,936.50
GSM Golden State Mining 0.049 -2% 36% -25% -49% $ 6,435,781.22
IMI Infinitymining 0.325 8% 38% 117% 0% $ 21,144,781.25
LRV Larvottoresources 0.175 -8% 0% -47% 0% $ 8,483,935.00
LSR Lodestar Minerals 0.0055 10% 10% -39% -39% $ 8,692,186.74
RAG Ragnar Metals Ltd 0.017 6% -23% -65% -55% $ 6,825,328.00
SHH Shree Minerals Ltd 0.009 0% 29% 0% 0% $ 11,765,625.47
TMB Tambourahmetals 0.135 -7% 0% -37% -46% $ 5,766,963.72
TEM Tempest Minerals 0.026 -4% -10% -47% 13% $ 14,133,452.93
TSCDA Twenty Seven Co. Ltd 0.075 0% -25% -29% -46% $ 7,982,441.70
WCN White Cliff Min Ltd 0.017 -3% -15% -23% -6% $ 13,083,058.84
WML Woomera Mining Ltd 0.0145 4% 7% -39% -8% $ 14,093,764.41
KZR Kalamazoo Resources 0.21 -16% 11% -38% -38% $ 32,740,262.28
LMG Latrobe Magnesium 0.078 -1% 4% 4% -15% $ 123,232,084.50
KOR Korab Resources 0.027 -16% -16% -4% -64% $ 9,910,350.00
CMX Chemxmaterials 0.18 9% -6% -20% 0% $ 8,435,902.68
NC1 Nicoresourceslimited 0.775 29% 49% -45% 0% $ 65,504,126.49
GRE Greentechmetals 0.145 -3% -3% -17% 0% $ 4,682,050.00
CMO Cosmometalslimited 0.14 8% -13% 0% 0% $ 3,571,400.00
FRB Firebird Metals 0.1975 1% -4% -40% -52% $ 12,096,744.48
S32 South32 Limited 4.045 5% 12% -14% 14% $ 18,118,930,663.30
OMH OM Holdings Limited 0.715 -2% 9% -17% -26% $ 542,888,152.70
JMS Jupiter Mines. 0.19 0% 0% -10% 0% $ 372,208,296.27
E25 Element 25 Ltd 1.08 -5% 11% 70% -2% $ 200,297,197.44
EMN Euromanganese 0.34 -1% 33% 11% -39% $ 88,670,673.00
KGD Kula Gold Limited 0.033 -3% -8% 8% -28% $ 12,642,417.24
LRS Latin Resources Ltd 0.12 4% 4% 4% 200% $ 240,954,065.52
CRR Critical Resources 0.056 8% -3% -29% 24% $ 85,130,734.22
AZL Arizona Lithium Ltd 0.069 -10% -14% -54% -27% $ 175,924,565.95
ENT Enterprise Metals 0.009 -10% -10% -40% -30% $ 5,876,826.19
SCN Scorpion Minerals 0.075 -7% 7% -23% 7% $ 24,694,258.21
AZI Altamin Limited 0.095 3% 10% -2% 34% $ 37,213,091.44
AOA Ausmon Resorces 0.007 17% 17% -13% -13% $ 6,001,025.40
CML Chase Mining Limited 0.016 7% 33% 20% 20% $ 15,543,658.06
ENV Enova Mining Limited 0.012 0% -8% -33% -48% $ 4,300,222.74
KFM Kingfisher Mining 0.55 8% 4% 104% 197% $ 24,334,750.55
RBX Resource B 0.088 -2% 2% -47% -55% $ 4,256,545.04
AKN Auking Mining Ltd 0.094 -6% -28% -4% -39% $ 10,660,973.43
RR1 Reach Resources Ltd 0.0045 13% -25% -18% -50% $ 8,595,227.88
KTA Krakatoa Resources 0.058 -3% -5% -23% 2% $ 19,303,755.35
EMT Emetals Limited 0.013 -28% 8% 0% -35% $ 11,050,000.00
PNT Panthermetalsltd 0.185 -3% -5% -16% 0% $ 5,642,500.00
WIN Widgienickellimited 0.5 16% 82% 35% 144% $ 125,506,414.00
WMG Western Mines 0.13 0% 8% -26% -28% $ 4,579,062.50
AVW Avira Resources Ltd 0.003 0% 0% -33% -50% $ 6,401,370.00
CAI Calidus Resources 0.3475 -6% -1% -61% -43% $ 153,223,596.75
GT1 Greentechnology 0.9525 -6% 4% 3% 144% $ 176,433,013.53
KAI Kairos Minerals Ltd 0.0285 -5% -5% 10% 2% $ 56,958,711.24
MTM Mtmongerresources 0.11 10% -8% -35% -21% $ 4,126,103.63
NWM Norwest Minerals 0.056 -8% 40% 30% -28% $ 11,549,584.12
PGD Peregrine Gold 0.485 3% 14% -7% 24% $ 18,794,666.17
RAS Ragusa Minerals Ltd 0.125 -4% -43% -34% 47% $ 17,201,359.37
RGL Riversgold 0.035 -3% -19% -15% 93% $ 33,091,369.99
SRZ Stellar Resources 0.013 8% 8% -43% -46% $ 13,060,201.80
STM Sunstone Metals Ltd 0.036 -3% 16% -33% -64% $ 96,956,517.47
ZNC Zenith Minerals Ltd 0.315 5% 11% -17% 31% $ 114,177,237.85
G88 Golden Mile Res Ltd 0.027 17% 4% -45% -46% $ 4,705,564.39
EVR Ev Resources Ltd 0.019 -10% -5% -51% -63% $ 18,579,681.42
WC8 Wildcat Resources 0.03 0% -9% -9% -42% $ 19,198,659.08
MNS Magnis Energy Tech 0.365 -4% -1% -11% -31% $ 339,616,019.05
ASO Aston Minerals Ltd 0.087 24% 16% -36% -24% $ 91,309,536.59
THR Thor Mining PLC 0.0075 -17% 0% -46% -46% $ 9,925,951.43
CZL Cons Zinc Ltd 0.02 -13% -9% -17% -31% $ 9,258,429.00
IG6 Internationalgraphit 0.29 -2% -4% 2% 0% $ 25,956,492.16
LPM Lithium Plus 0.575 -5% 3% 6% 0% $ 25,086,992.00
ODE Odessa Minerals Ltd 0.014 -18% -22% -18% 180% $ 8,172,515.51
KOB Kobaresourceslimited 0.16 -6% -38% -16% 0% $ 10,400,000.00
AZI Altamin Limited 0.095 3% 10% -2% 34% $ 37,213,091.44
FTL Firetail Resources 0.165 0% -11% -50% 0% $ 12,025,000.00
LNR Lanthanein Resources 0.034 3% 13% 42% 42% $ 33,698,894.95
CLZ Classic Min Ltd 0.01 -20% -41% -93% -93% $ 8,836,599.79
NVX Novonix Limited 2.19 -6% -19% -41% -79% $ 1,060,962,190.72
OCN Oceanalithiumlimited 0.47 -17% -2% 0% 0% $ 17,040,375.00
SUM Summitminerals 0.18 3% -5% 0% 0% $ 4,450,959.00
DVP Develop Global Ltd 2.7 -10% 0% 13% -7% $ 449,653,806.25
XTC Xantippe Res Ltd 0.007 17% 0% -36% 75% $ 48,871,379.10
MEK Meeka Metals Limited 0.069 0% 19% 13% 53% $ 72,597,407.38
OD6 Od6Metalsltd 0.59 8% 195% 0% 0% $ 28,864,190.16
HRE Heavy Rare Earths 0.14 -7% -15% 0% 0% $ 8,328,310.20
DRE Dreadnought Resources Ltd 0.1025 7% -11% 133% 138% $ 295,076,308.90
LIN Lindian Resources 0.235 0% 12% 327% 683% $ 217,034,264.88
LOT Lotus Resources Ltd 0.19 -16% -17% -27% -38% $ 265,424,651.40
RMX Red Mount Min Ltd 0.005 25% 11% -38% -50% $ 8,211,819.29
PEK Peak Rare Earths Ltd 0.475 1% 10% -2% -28% $ 97,453,812.39
ILU Iluka Resources 9.935 2% 18% -6% 22% $ 4,257,820,153.02
ASM Ausstratmaterials 1.73 0% -12% -67% -86% $ 270,894,919.02
ETM Energy Transition 0.048 -2% 2% -24% -40% $ 66,431,456.59
VML Vital Metals Limited 0.027 0% -18% -49% -52% $ 143,266,043.28
VMS Venture Minerals 0.024 -4% 14% -44% -50% $ 45,823,897.39
AS2 Askarimetalslimited 0.395 -12% -8% -19% 98% $ 20,229,040.02
IDA Indiana Resources 0.057 0% -7% 0% -12% $ 27,617,472.27
VTM Victory Metals Ltd 0.235 -18% 24% 88% 4% $ 13,185,717.74
M2R Miramar 0.099 3% 9% -21% -51% $ 6,997,492.56
PVW PVW Res Ltd 0.12 0% -14% -60% -74% $ 10,697,515.63
WCN White Cliff Min Ltd 0.017 -3% -15% -23% -6% $ 13,083,058.84
MOH Moho Resources 0.024 0% 4% -37% -60% $ 5,191,555.10
TAR Taruga Minerals 0.04 -2% 25% 82% -9% $ 25,825,669.52
ABX ABX Group Limited 0.135 -7% -7% -18% 29% $ 30,184,759.89
MEK Meeka Metals Limited 0.069 0% 19% 13% 53% $ 72,597,407.38
RR1 Reach Resources Ltd 0.0045 13% -25% -18% -50% $ 8,595,227.88
DRE Dreadnought Resources Ltd 0.1025 7% -11% 133% 138% $ 295,076,308.90
MRD Mount Ridley Mines 0.005 11% 0% -33% -33% $ 34,682,524.26
KFM Kingfisher Mining 0.55 8% 4% 104% 197% $ 24,334,750.55
ODE Odessa Minerals Ltd 0.014 -18% -22% -18% 180% $ 8,172,515.51
EMT Emetals Limited 0.013 -28% 8% 0% -35% $ 11,050,000.00
AOA Ausmon Resorces 0.007 17% 17% -13% -13% $ 6,001,025.40
WC1 Westcobarmetals 0.185 6% 3% 42% 23% $ 15,684,991.72
GRL Godolphin Resources 0.082 3% -8% -29% -43% $ 9,706,294.65
NWM Norwest Minerals 0.056 -8% 40% 30% -28% $ 11,549,584.12
DM1 Desert Metals 0.28 -14% -28% -8% 22% $ 17,175,323.40
PTR Petratherm Ltd 0.06 9% 0% -40% 40% $ 13,485,068.34
ITM Itech Minerals Ltd 0.29 0% 0% -37% 18% $ 30,517,666.86
KTA Krakatoa Resources 0.058 -3% -5% -23% 2% $ 19,303,755.35
RBX Resource B 0.088 -2% 2% -47% -55% $ 4,256,545.04
M24 Mamba Exploration 0.14 27% 12% 41% -33% $ 5,271,875.38
AOU Auroch Minerals Ltd 0.054 -10% -7% -41% -55% $ 20,782,260.74
LNR Lanthanein Resources 0.034 3% 13% 42% 42% $ 33,698,894.95
OD6 Od6Metalsltd 0.59 8% 195% 0% 0% $ 28,864,190.16
TKM Trek Metals Ltd 0.092 -2% 33% 8% -12% $ 30,935,332.06
ASM Ausstratmaterials 1.73 0% -12% -67% -86% $ 270,894,919.02
BCA Black Canyon Limited 0.235 -2% 2% -22% -11% $ 10,537,981.39
CDT Castle Minerals 0.026 18% 13% -28% -10% $ 28,985,296.54
RDT Red Dirt Metals Ltd 0.565 1% 5% -1% -20% $ 183,001,035.80
A11 Atlantic Lithium 0.755 -11% 18% 0% 0% $ 466,421,078.20
KNI Kunikolimited 0.535 -9% -20% -42% -59% $ 26,752,709.24
CY5 Cygnus Gold Limited 0.51 12% 0% 209% 183% $ 79,675,534.68
WR1 Winsome Resources 1.055 -7% 124% 151% 0% $ 153,111,223.10
LLI Loyal Lithium Ltd 0.5 -8% 12% 64% 113% $ 23,370,000.00
BC8 Black Cat Syndicate 0.32 -4% 0% -26% -45% $ 67,486,915.13
BUR Burleyminerals 0.23 -8% 24% 92% 15% $ 8,065,916.52
PBL Parabellumresources 0.45 -16% 6% 125% 125% $ 24,898,737.96
L1M Lightning Minerals 0.195 -3% 0% 0% 0% $ 7,454,249.80
WA1 Wa1Resourcesltd 1.94 -9% 131% 1041% 0% $ 64,414,888.16
VTM Victory Metals Ltd 0.235 -18% 24% 88% 4% $ 13,185,717.74
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WEEKLY SMALL CAP STANDOUTS

 

NICO RESOURCES (ASX:NC1)

Nico hit the bourse back in January this year and is one of the handful of FY22 IPOs trading above its IPO price for 2022.

The company recently completed 10,192m of reverse circulation drilling at the Central Musgrave Project where the Wingellina portion of the program had been focused on improving the definition of the highest-grade nickel and cobalt zones within the entire resource base.

NC1 says drilling these previously defined high-grade pits is expected to provide data for mine scheduling and should enhance the early stage cashflows of the project.

Completing this program represents a key value input driver for the DFS, which will begin in 2023.

Once all data is returned and validated, a resource model update will be completed for the Wingellina deposit.

The lateritic deposit sits next to a remote indigenous community in the Ngaayatjarra Lands and has been known about since the mid-1950s.

But there is some indication the emerging market for nickel as a battery metal will support previously uneconomic nickel and base metals deposits, with BHP (ASX:BHP) target OZ Minerals (ASX:OZL) recently approving, with the blessing of traditional owners, the $1.7 billion construction of the West Musgrave project, also in the Ngaanyatjarra Lands.

 

NiCo Resources (ASX:NC1) share price today:


 

MAMBA EXPLORATION (ASX:M24)

Junior mining investors are going crazy for rare earths right now, the tasty little ingredients that most notably go into permanent magnets for EVs and wind turbines. Think of them as the saffron of the battery metals market.

WA explorer Mamba bolted out the gates Monday after entering an option agreement to purchase REE rights over four exploration licences covering an area of 561km2 surrounding Western Australia’s wheatbelt town of Hyden.

Mamba also applied for an additional five ELs covering a total of 755km2, bringing the total area covered by the Hyden Project to over 1,300km2.

M24 says a zone of very high grade rare earths has already been identified in clays from early sampling.

“Given most clay hosted REO mineralisation tends to be between 800 and 2,000ppm TREO, to have identified a zone of 46,700ppm, or 4.67 per cent TREO in clays from the very limited sampling represents a very compelling target,” M24 managing director Mike Dunbar said.

“The preliminary technical due diligence completed so far has also identified a significant gravity anomaly just to the east of the area of limited REE sampling, which suggests there is significant potential in the area, not just for clay hosted REE deposits but hard rock REE potential as well.”

 

Mamba Exploration (ASX:M24) share price today: