• Ford slashes 3,000 jobs as shift to EVs gathers pace
  • At least 2 significant producers in Sichuan have suspended lithium production, while another has halved output due to the heatwave-driven powercrunch: Fastmarkets
  • Last week’s top ASX performers: Lanthenein Resources (rare earths), Conico (nickel, copper)

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

 

Ford slashes 3,000 jobs as shift to EVs gathers pace

“We have skills that don’t work anymore, and we have jobs that need to change. We are literally virtually reshaping our company, like every part of our company.”

Ford CEO Jim Farley said that in July, but the quote could be attributed to any legacy automotive company right now.

Amid the costly EV production ramp-up, car makers are trying to cut costs wherever possible.

Ford has now laid off 3,000 staff as part of a US$3bn cost cutting and restructuring program launched earlier this year.

In March, Ford split its EV and internal combustion engine (ICE) vehicles into two units.

Ford Model e is dedicated to EVs, software and connected vehicle tech and Ford Blue continues to build out internal combustion vehicles.

Ford Model e will focus on rapid growth over profit. Ford Blue, meanwhile, will be the profit centre.

The company’s recently announced second quarter results beat Wall Steet estimates, with adjusted operating income more than tripling to US$3.7 billion.

Which sounds good, until you realise Ford plans to spend US$50bn on the EV rollout by 2026.

Mike Ramsey, a Gartner analyst, told the New York Times it was likely that other automakers would also have to shed jobs to adapt to the electric future.

“With EVs you don’t need engineers who build engines and transmissions and exhaust systems,” he says.

“Many of the people and skills they need for EVs are not the one they have now. So, I’m sure most car companies are facing vast pressures to realign their work forces.”

 

That Chinese power squeeze is pushing lithium chemical prices to near record highs

Lithium producers in the Sichuan province — home to factories of some of the world’s biggest companies and the producer of about half the country’s lithium — have either suspended production or lowered their operating rates in response to the power crunch, sources told Fastmarkets.

“Fastmarkets editorial reports that at least two significant producers in Sichuan have suspended lithium production, while another has halved output due to the heatwave-driven powercrunch,” Fastmarkets analyst Peter Hannah says.

“The province accounts for ~30% of China’s lithium supply & relies on hydro for ~70% of its power.

“Consumers are recently actively restocking… for production in Q4 and are worried that supply may further tighten if power rationing lasts longer.

“Some sellers are holding on to whatever units they have in hand in expectation of a stronger price rally.”

The power restriction policies were due to be reconsidered after August 20 but hard to see much changing, Hannah says.

“Chongqing registered a record 45C yesterday!” he said August 19.

“I guess in the climate change era we’ll get used to the weather becoming the most important news segment…”

READ: Chinese power outage could sting lithium buyers, push prices 10pc higher

 

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]. Be nice, he’s fragile.

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
CNJ Conico 41% 93% 433% -16% 0.058 $94,401,023.86
LNR Lanthanein Resources 36% 153% 46% 106% 0.038 $37,550,197.23
KFM Kingfisher Mining 27% 19% 27% 68% 0.285 $9,931,050.29
AVW Avira Resources 25% 43% -17% 25% 0.005 $8,475,160.00
SCN Scorpion Minerals 23% 19% 19% 25% 0.081 $25,882,832.98
RAS Ragusa Minerals 23% 236% 308% 222% 0.245 $36,290,408.60
SBR Sabre Resources 20% 20% 33% 50% 0.006 $16,738,386.05
CMX Chemxmaterials 19% 30% 10% 0% 0.215 $9,963,261.47
OCN Oceana Lithium 19% 39% 0% 0% 0.655 $19,947,375.00
MAN Mandrake Res 18% 56% 22% -2% 0.056 $28,862,995.68
IMI Infinity Mining 17% 35% 0% 0% 0.175 $9,775,000.00
ADD Adavale Resource 13% 16% -18% -48% 0.027 $12,246,443.94
RFR Rafaella Resources 12% -7% -52% -64% 0.028 $7,863,067.77
FTL Firetail Resources 12% 21% 0% 0% 0.285 $18,225,837.50
EMT Emetals Limited 11% -9% -41% -47% 0.01 $8,500,000.00
MMC Mitremining 11% 2% -29% 0% 0.1275 $3,114,786.50
QPM Queensland Pacific 11% 11% 19% -11% 0.155 $250,178,100.96
IPX Iperionx Limited 10% 36% 13% -23% 0.98 $132,164,461.54
NWM Norwest Minerals 10% 35% -10% -33% 0.046 $8,307,939.80
ASN Anson Resources 9% 35% 67% 111% 0.175 $205,582,467.00
AOA Ausmon Resorces 9% 0% -8% 0% 0.006 $5,143,736.06
CZL Cons Zinc 9% 26% -11% -14% 0.024 $8,521,871.89
AM7 Arcadia Minerals 8% 22% -11% 5% 0.195 $9,106,088.94
CLA Celsius Resource 8% -22% -42% -44% 0.014 $19,426,784.56
MTM Mtmongerresources 7% 32% -9% -31% 0.145 $6,189,155.45
AML Aeon Metals . 7% 3% -34% -46% 0.031 $33,896,353.96
PNT Panthermetals 7% 4% 7% 0% 0.235 $6,815,000.00
G88 Golden Mile Res 7% 14% -40% -37% 0.032 $6,519,443.65
BHP BHP Group Limited 7% 13% -3% 5% 41.46 $209,471,679,990.60
IPT Impact Minerals 6% 6% -27% -33% 0.0085 $22,332,335.00
A8G Australasian Metals 5% 30% -37% 107% 0.3 $12,557,000.67
CZN Corazon 5% 25% -33% -42% 0.02 $13,427,272.25
FG1 Flynngold 5% 0% -39% -38% 0.1 $7,046,715.50
GME GME Resources 5% 17% 62% 98% 0.105 $69,046,117.07
GSM Golden State Mining 5% 26% -26% -48% 0.063 $7,254,880.65
SRI Sipa Resources 5% 18% -8% -27% 0.045 $9,226,116.14
TON Triton Min 4% 26% 4% -12% 0.029 $36,504,741.13
BOA Boadicea Resources 4% -9% -33% -26% 0.145 $11,266,484.78
WC8 Wildcat Resources 4% 21% -6% 32% 0.029 $18,712,909.08
KOB Kobaresourceslimited 4% -3% 0% 0% 0.145 $9,100,000.00
IG6 Internationalgraphit 3% 16% 0% 0% 0.335 $29,743,159.42
ESR Estrella Res 3% 3% -35% -54% 0.0175 $22,566,911.68
VMC Venus Metals Cor 3% 3% -5% 0% 0.175 $28,013,769.53
GSR Greenstone Resources 3% 52% 103% 265% 0.073 $78,784,026.68
AKE Allkem Limited 3% 29% 50% 52% 13.16 $7,970,726,075.00
NTU Northern Min 3% 3% -20% 11% 0.041 $204,140,634.56
CAE Cannindah Resources 2% 9% -24% 311% 0.255 $133,518,663.81
PVW PVW Res 2% -2% -55% 75% 0.28 $24,185,687.50
MIN Mineral Resources. 2% 32% 35% 21% 61.75 $11,659,523,159.16
PLS Pilbara Min 1% 30% 17% 62% 3.27 $9,436,609,377.28
S32 South32 Limited 1% 17% -7% 48% 4.12 $19,346,844,021.12
VIA Viagold Rare Earth 0% 0% 0% 2464% 2 $166,624,808.00
NWC New World Resources 0% -8% -38% -41% 0.037 $68,335,404.41
HNR Hannans 0% 0% -32% 204% 0.021 $54,731,701.00
MRD Mount Ridley Mines 0% 0% -38% 25% 0.005 $29,362,642.20
AVZ AVZ Minerals 0% 0% 8% 255% 0.78 $2,752,409,203.44
QEM QEM Limited 0% 33% 50% 55% 0.24 $30,022,458.48
GED Golden Deeps 0% 23% 60% 45% 0.016 $18,483,627.42
CWX Carawine Resources 0% 15% -49% -46% 0.11 $14,472,606.44
POS Poseidon Nick 0% 21% -34% -46% 0.057 $180,773,612.03
FFX Firefinch 0% 0% -6% 9% 0.2 $236,248,644.20
ATM Aneka Tambang 0% -4% 0% 15% 1.15 $1,499,196.35
TNG TNG Limited 0% 22% 77% 33% 0.11 $159,668,095.53
RMX Red Mount Min 0% 0% -22% -22% 0.007 $11,496,547.01
LML Lincoln Minerals 0% 0% 0% 0% 0.008 $4,599,869.49
MRC Mineral Commodities 0% 8% -28% -40% 0.09 $47,658,666.43
WKT Walkabout Resources 0% 0% -10% -7% 0.215 $97,239,149.08
ARU Arafura Resource 0% -13% 58% 150% 0.3 $491,502,896.03
NKL Nickelx 0% 0% -10% -42% 0.13 $8,383,500.00
NVA Nova Minerals 0% 14% -1% -22% 0.86 $158,578,010.80
CMO Cosmometalslimited 0% -12% -23% 0% 0.15 $3,826,500.00
FRB Firebird Metals 0% 5% -36% -50% 0.21 $12,072,195.84
ENV Enova Mining Limited 0% 13% -10% -22% 0.018 $6,609,871.12
RR1 Reach Resources 0% 14% -50% -50% 0.004 $7,640,202.56
SUM Summitminerals 0% 0% 0% 0% 0.165 $4,450,959.00
OZL OZ Minerals -1% 45% 3% 22% 25.55 $8,606,294,952.69
CTM Centaurus Metals -1% 13% -8% 22% 1.06 $452,732,649.38
PAM Pan Asia Metals -1% 24% -6% 224% 0.47 $35,851,317.37
ASO Aston Minerals -1% -15% -35% -18% 0.094 $100,217,784.06
MNS Magnis Energy Tech -1% 36% 10% 41% 0.45 $436,649,167.35
EUR European Lithium -1% 16% 4% 26% 0.088 $121,820,808.23
IGO IGO Limited -1% 22% 9% 37% 12.08 $9,178,085,893.56
VR8 Vanadium Resources -1% -5% -1% 33% 0.073 $34,566,403.30
AOU Auroch Minerals -1% 10% -34% -58% 0.069 $26,348,937.73
MLX Metals X Limited -2% -10% -49% 8% 0.28 $240,425,507.76
SYA Sayona Mining -2% 53% 150% 120% 0.275 $2,282,165,377.80
DVP Develop Global -2% 18% -26% -23% 2.4 $386,905,130.40
RAG Ragnar Metals -2% 18% 41% 10% 0.045 $17,821,689.78
MCR Mincor Resources NL -2% 11% 7% 65% 2.04 $983,314,887.10
AX8 Accelerate Resources -3% 9% -16% -10% 0.036 $10,277,438.16
ODE Odessa Minerals -3% 18% 10% 230% 0.0165 $8,862,993.28
SRL Sunrise -3% 9% 41% 65% 2.61 $231,448,749.03
EMS Eastern Metals -3% 4% -33% 0% 0.14 $5,991,718.75
KAI Kairos Minerals -3% 17% 22% 4% 0.028 $56,958,711.24
BYH Bryah Resources -4% -16% -45% -48% 0.027 $8,098,350.75
ARN Aldoro Resources -4% 66% -39% -48% 0.24 $25,394,765.84
LRV Larvottoresources -4% 17% 14% 0% 0.24 $10,798,450.00
WCN White Cliff Min -4% -15% -52% -4% 0.0115 $7,843,240.34
LMG Latrobe Magnesium -4% 17% 1% 362% 0.09 $148,176,004.26
LRS Latin Resources -4% 34% 206% 168% 0.11 $233,838,630.12
AZI Altamin Limited -4% -11% 16% 10% 0.085 $34,862,790.93
GBR Greatbould Resources -5% 31% -28% 36% 0.105 $44,401,578.17
KTA Krakatoa Resources -5% 5% 50% 26% 0.063 $21,027,304.94
CHR Charger Metals -5% 8% -17% 6% 0.52 $17,593,758.90
JMS Jupiter Mines -5% 8% -2% -20% 0.205 $411,388,116.93
SYR Syrah Resources -5% 14% 13% 30% 1.52 $1,021,891,533.73
PSC Prospect Resources -5% 100% 139% 541% 0.1 $48,537,243.51
ZNC Zenith Minerals -5% -6% -8% 48% 0.295 $106,876,306.49
HAS Hastings Tech Met -5% 12% -19% 13% 4.39 $446,373,950.00
ALY Alchemy Resource -5% 12% 58% 39% 0.019 $18,108,407.08
DTM Dart Mining NL -5% 23% -20% -31% 0.076 $10,415,032.32
JRV Jervois Global -5% 11% -34% 5% 0.46 $691,486,687.26
AQD Ausquest Limited -5% -10% 0% -10% 0.018 $14,852,686.01
HXG Hexagon Energy -6% -29% -65% -76% 0.017 $8,719,570.32
JRL Jindalee Resources -6% 5% 0% -18% 2.72 $154,923,208.20
OMH OM Holdings Limited -6% 2% -30% -14% 0.63 $465,332,702.31
NMT Neometals -6% 27% 8% 74% 1.33 $737,382,588.18
RLC Reedy Lagoon Corp. -6% -21% -42% -12% 0.015 $8,361,403.68
FRS Forrestaniaresources -6% 0% -46% 0% 0.15 $5,004,195.60
PAN Panoramic Resources -6% 25% -10% 29% 0.225 $492,219,360.96
WIN Widgienickellimited -6% -9% -5% 0% 0.3 $77,562,000.00
BRB Breaker Res NL -6% 10% -8% 13% 0.22 $73,314,209.03
TLG Talga Group -6% 2% 2% 4% 1.3 $402,566,365.08
CML Chase Mining Limited -7% 0% 8% -13% 0.014 $6,553,858.65
LTR Liontown Resources -7% 38% 25% 122% 1.655 $3,689,790,545.28
MRR Minrex Resources -7% 57% -4% 224% 0.055 $60,052,423.37
VML Vital Metals Limited -7% -7% -9% -33% 0.041 $214,174,591.36
SLZ Sultan Resources -7% 42% -10% -23% 0.135 $11,243,392.52
WMG Western Mines -7% -18% -23% -21% 0.135 $4,945,387.50
NIC Nickel Industries -7% 6% -21% 9% 1.055 $2,895,149,906.82
MOH Moho Resources -7% 8% -49% -57% 0.026 $4,151,182.44
AR3 Austrare -7% -9% -52% -60% 0.39 $38,556,628.56
ILU Iluka Resources -7% -2% -13% 8% 9.45 $4,076,912,255.67
BMM Balkanminingandmin -8% -8% -43% -65% 0.185 $6,058,750.00
BEM Blackearth Minerals -8% 11% -8% -23% 0.092 $27,034,622.20
CNB Carnaby Resource -8% -24% -29% 192% 0.92 $131,550,413.54
GRE Greentechmetals -8% 20% 15% 0% 0.27 $7,819,999.75
EVR Ev Resources -9% 7% -37% 15% 0.031 $27,779,522.13
TMB Tambourahmetals -9% 7% -34% -16% 0.155 $6,384,852.69
CAI Calidus Resources -9% -1% -10% 32% 0.62 $273,613,565.63
EVR Ev Resources -9% 7% -37% 15% 0.031 $27,779,522.13
RXL Rox Resources -9% -4% -39% -33% 0.255 $42,235,236.75
LIT Lithium Australia -9% 11% -30% -33% 0.08 $81,797,336.68
EFE Eastern Resources -9% 11% -39% 131% 0.03 $30,947,273.06
EMN Euromanganese -9% 18% -24% -48% 0.35 $95,446,878.38
ENT Enterprise Metals -9% -9% -33% -23% 0.01 $6,529,806.88
RNU Renascor Res -9% 3% -20% 129% 0.195 $443,051,314.63
LPD Lepidico -9% -6% 4% 53% 0.029 $188,708,545.76
S2R S2 Resources -9% -3% -17% 4% 0.145 $55,238,102.53
VRC Volt Resources -10% 12% 12% -30% 0.019 $59,771,947.99
INF Infinity Lithium -10% 4% -3% 56% 0.14 $60,176,894.57
AGY Argosy Minerals -10% -1% 25% 147% 0.37 $505,112,748.30
LEL Lithenergy -10% 15% 12% 64% 0.96 $44,021,250.00
SHH Shree Minerals -10% 0% -47% -10% 0.009 $11,146,382.03
E25 Element 25 -10% 7% -39% -60% 0.675 $106,133,706.46
THR Thor Mining PLC -10% 0% -25% -36% 0.009 $9,680,079.51
RGL Riversgold -10% 25% 55% 10% 0.035 $28,532,027.63
LYC Lynas Rare Earths -10% 7% 2% 40% 8.87 $8,293,162,181.26
GT1 Greentechnology -10% 1% -1% 0% 0.695 $127,146,053.67
INR Ioneer -10% 25% 21% 46% 0.65 $1,426,731,171.68
STK Strickland Metals -11% -21% -18% 29% 0.049 $67,898,350.05
BUX Buxton Resources -11% 21% 13% 5% 0.098 $15,312,054.87
COB Cobalt Blue -11% 2% 72% 230% 0.775 $268,691,752.58
ADV Ardiden -11% 0% -33% -33% 0.008 $22,680,850.53
TEM Tempest Minerals -11% -13% 74% 151% 0.04 $20,695,413.22
TMT Technology Metals -11% -21% 0% -22% 0.31 $67,143,858.24
GL1 Globallith -12% 51% 26% 423% 1.725 $283,276,386.96
KGD Kula Gold Limited -12% -20% -41% -50% 0.023 $5,164,215.17
PGD Peregrine Gold -12% 89% 47% 95% 0.83 $31,923,849.27
ARL Ardea Resources -12% -17% 28% 102% 0.9 $157,856,127.96
PLL Piedmont Lithium Inc -12% 50% 28% 20% 0.82 $427,332,348.00
AUZ Australian Mines -12% 21% -49% -62% 0.086 $40,778,104.17
GW1 Greenwing Resources -12% 11% -14% -9% 0.25 $32,044,310.74
LOT Lotus Resources -13% -7% -7% 50% 0.21 $259,735,322.19
PGM Platina Resources -13% 8% -50% -57% 0.028 $15,362,395.85
LSR Lodestar Minerals -13% 8% -22% -22% 0.007 $12,169,061.44
GAL Galileo Mining -13% -14% 405% 296% 1.01 $205,304,590.40
NC1 Nicoresourceslimited -13% 2% 50% 0% 0.835 $78,253,251.78
LPI Lithium Pwr Int -13% 20% 5% 95% 0.565 $200,758,287.60
CHN Chalice Mining -13% -5% -37% -29% 4.23 $1,606,789,018.38
AVL Aust Vanadium -13% 12% 48% 59% 0.046 $190,207,484.74
SGQ St George Min -13% -21% -42% -61% 0.026 $18,200,463.01
1MC Morella Corporation -14% 47% 32% -60% 0.025 $147,581,563.64
TKL Traka Resources -14% 9% -40% -57% 0.006 $4,821,421.93
RBX Resource B -14% 0% -37% -25% 0.12 $4,917,179.64
WML Woomera Mining -14% 0% -6% -31% 0.015 $10,302,495.99
RBX Resource B -14% 0% -37% -25% 0.12 $4,917,179.64
LPM Lithium Plus -14% 32% 0% 0% 0.6 $26,994,011.00
DEV Devex Resources -15% 19% 0% 59% 0.35 $115,133,398.69
EMH European Metals Hldg -15% 8% -30% -49% 0.81 $90,375,112.68
AXE Archer Materials -16% 1% -19% -51% 0.815 $207,470,117.85
STM Sunstone Metals -16% -16% -47% 62% 0.042 $114,243,642.44
CXO Core Lithium -16% 28% 79% 344% 1.355 $2,388,643,614.50
BNR Bulletin Res -16% 8% 4% 141% 0.13 $39,499,798.50
AZS Azure Minerals -16% -7% -45% 0% 0.205 $66,808,180.02
AAJ Aruma Resources -16% -1% -23% -1% 0.066 $10,987,305.21
VUL Vulcan Energy -17% 9% -5% -35% 7.83 $1,171,049,409.17
PUR Pursuit Minerals -17% -12% -29% -75% 0.015 $15,892,787.10
AKN Auking Mining -17% -17% -54% -39% 0.1 $10,964,207.21
GLN Galan Lithium -17% 8% -11% 20% 1.195 $373,046,850.23
AS2 Askarimetalslimited -17% 39% -1% 66% 0.34 $15,323,551.80
PNN Power Minerals -17% 3% 17% 71% 0.48 $29,538,604.80
IXR Ionic Rare Earths -18% 9% -8% 57% 0.047 $185,885,036.16
SRZ Stellar Resources -18% -13% -44% -39% 0.014 $12,589,539.39
AZL Arizona Lithium -18% 5% -25% 132% 0.086 $211,809,449.37
AZL Arizona Lithium -18% 5% -25% 132% 0.086 $211,809,449.37
FGR First Graphene -19% -7% -21% -35% 0.13 $80,404,728.74
KOR Korab Resources -19% 50% -32% 76% 0.03 $11,745,600.00
REE Rarex Limited -19% -12% -44% -31% 0.059 $35,905,371.89
MQR Marquee Resource -19% 6% -29% 34% 0.075 $24,302,553.66
LKE Lake Resources -20% 68% 30% 122% 1.175 $1,681,710,279.26
KZR Kalamazoo Resources -20% 2% -25% -38% 0.225 $34,120,677.89
NVX Novonix Limited -20% -5% -52% -34% 2.43 $1,226,433,358.08
BSX Blackstone -20% 13% -50% -45% 0.215 $101,743,423.38
ESS Essential Metals -21% 1% 31% 158% 0.425 $107,368,035.45
BKT Black Rock Mining -21% -16% -45% -10% 0.135 $146,597,874.60
QXR Qx Resources Limited -21% 0% -12% 150% 0.03 $26,640,231.95
EGR Ecograf Limited -21% 35% -31% -52% 0.385 $182,385,050.90
MLS Metals Australia -22% -2% 26% 33% 0.053 $33,386,990.51
CLZ Classic Min -22% -48% -86% -86% 0.021 $4,783,521.16
WR1 Winsome Resources -23% 21% -35% 0% 0.23 $32,427,358.56
PRL Province Resources -24% 10% -8% -21% 0.11 $159,332,824.31
TSC Twenty Seven Co. -25% 0% -25% 0% 0.003 $7,982,441.72
PEK Peak Rare Earths -26% 3% -38% -41% 0.48 $103,674,268.50
CRR Critical Resources -28% 7% -39% 100% 0.046 $72,912,746.71
ARR American Rare Earths -28% 0% -22% 113% 0.255 $108,928,857.40
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Small cap standouts

CONICO (ASX:CNJ)

Last week, Conico reported thick zones of sulphides in the first hole of a campaign at the Mt Thirsty JV project, just south of Galileo Mining’s recent Callisto discovery.

Partners Conico and Greenstone Resources (ASX:GSR) are in the first phase of a program targeting extensions to a recent palladium-platinum-gold-copper-nickel (PGE) discovery by Galileo (ASX:GAL) – just 200m from the Mt Thirsty boundary.

The pair, who each hold a 50% stake in Mt Thirsty, yesterday revealed the first hole completed had intercepted 65m of disseminated sulphides.

This included 43m of disseminated sulphides in ultramafic rocks from 190m; 3m of heavily disseminated sulphides in sediments from 233m, and 19m of heavily disseminated sulphides in fluid altered ultramafics from 236m.

The results are significant, as they are interpreted to intercept the same geological horizon as GAL’s Castillo discovery just over the tenement boundary.

 

LANTHANEIN RESOURCES (ASX:LNR)

Last year, the explorer formerly known as Frontier Resources secured a couple of WA rare earths and high purity alumina projects to complement the recent acquisition of the ‘Murraydium’ ionic clay (IAC) hosted rare earths project in South Australia.

The Lyons rare earths project adjoins the Hastings Technology Metals (ASX:HAS) world-class ‘Yangibana’ deposit, which is set to be the next REE producer outside of China by 2023.

The company is now prepping for a maiden drill program at Lyons, which is set to kick off early September.

The drill program will hit high priority targets located within the Gifford Creek Carbonatite Complex, host to Yangibana and Dreadnought Resources’ (ASX:DRE) multiple discoveries.