Each week our High Voltage column wraps all the news driving ASX battery metals stocks with exposure to lithium, cobalt, graphite, manganese and vanadium.

 

INDUSTRY FOCUS

The fire may be out of battery metals investment (briefly), but electric vehicle markets are just beginning to heat up.

Volkswagen (VW), the biggest legacy carmaker in the world, has indicated that series production of its beachhead EV model – the affordable ID.3 – will start in November.

It’s an important moment for the EV build out.

With the ID.3, VW says it will be launching “the largest electric offensive in the automotive industry worldwide”, which includes 70 EV models in the next decade. That’s a lot of batteries.

And according to the New York Times, VW has implied that economies of scale will push the cost of batteries in the ID.3 below $100 per kilowatt hour – the point at which EVs become more affordable than internal combustion models.

The camouflaged ID.3.

Which means the ID.3 will be a cheap, mass produced EV for the layman – a required ingredient to light a rocket under widespread adoption.

It all begins tomorrow, when the ID.3 (along with a refreshed VW logo) is unveiled at the International Motor Show in Frankfurt.

As Twitter philosophers have pointed out — investment which flocked to the battery metal thematic in 2016/2017(ish) has now left before the warmup, let alone the main event.

 

SMALL CAP SPOTLIGHT

A better week for our basket of battery metals stocks — 63 winners, 36 no change, and just 46 losers.

Galan Lithium (ASX:GLN) +31%

Early success at the Candelas lithium brine project in Argentina lit a fire under the Galan share price – before it promptly fell off a cliff, like every other advanced explorer in the space.

But September has been good to Galan, so far. A maiden drill hole at the Pata Pila project, adjacent to Livents Corporation’s (NYSE:LVHM) tenure, has performed “beyond expectations”.

Galan was targeting an anomaly which was believed to represent the extension of Livent’s brine producing aquifer.

But this drillhole is currently at a depth of 647m and has intercepted three major brine horizons — all containing heavy brines.

“The discovery of heavy brines not only in the Livent production aquifer but also from two new previously unknown aquifers at Pata Pila is beyond our expectations,” Galan managing director Juan Pablo Vargas de la Vega says.

“We are very excited by the potential of Pata Pila to host a significant lithium brine resource, and are confident that Galan has the potential to increase its lithium resource inventory beyond the maiden Candelas resource estimate due this month.”

 

Australian Vanadium (ASX:AVL) +27%

Advanced vanadium play Australian Vanadium announced a couple of potentially big wins this week.

Last week, its project was given Major Project Status by the federal government, which basically means a streamlined and accelerated approvals process.

Australian Vanadium was also testing whether it could upgrade a waste stream product into high-grade iron ore, which could mean significant bonus revenue over the life of the project.

The testwork was successful, improving iron grades from 54 per cent up to an average of 66 per cent, the company says.

As a result of this successful testing, work is now underway to physically separate titanium, “to further upgrade the material and improve its value”.

“With the amount of iron and titanium rich calcine that’s forecast to be generated by The Australian Vanadium project process, there is a big opportunity to unlock the value of this material,” chief operating officer Todd Richardson says.

Also up on no news were US based lithium explorers Hawkstone Mining (ASX:HWK) +23% and  Anson Resources (ASX:ASN) +19%.

Here’s a table of ASX battery metal stocks with exposure to lithium, cobalt, graphite, manganese and vanadium>>>

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

Code Name Price (Intraday Monday 9) Market Cap 1 Year Total Return % 1 Week Total Return %
WCN WHITE CLIFF MINERALS 0.007 $ 3,762,799.00 -65 60
DTM DART MINING 0.006 $ 6,104,257.00 -14 50
PSM PENINSULA MINES 0.003 $ 3,038,616.25 -57 50
RLC REEDY LAGOON 0.004 $ 1,609,086.88 -60 33
AYR ALLOY RESOURCES 0.003 $ 6,773,110.50 -20 33
POS POSEIDON NICKEL 0.058 $ 153,276,704.00 18 32
GLN GALAN LITHIUM 0.21 $ 28,326,866.00 -14 31
AVL AUSTRALIAN VANADIUM 0.0165 $ 27,633,814.00 -69 27
SBR SABRE RESOURCES 0.004 $ 2,376,918.25 -62 25
HWK HAWKSTONE MINING 0.014 $ 11,045,088.00 -45 23
SRN SUREFIRE RESOURCES 0.011 $ 5,534,690.00 10 22
TKL TRAKA RESOURCES 0.012 $ 4,805,555.50 -64 20
TAR TARUGA MINERALS 0.03 $ 4,235,017.00 -68 20
ASN ANSON RESOURCES 0.037 $ 20,348,586.00 -61 19
COB COBALT BLUE 0.195 $ 27,731,966.00 -54 19
AML AEON METALS 0.14 $ 94,369,760.00 -61 17
MTH MITHRIL RESOURCES 0.007 $ 2,956,724.50 -42 17
ADV ARDIDEN 0.0035 $ 5,916,821.00 -56 17
JRV JERVOIS MINING 0.25 $ 160,408,160.00 -17 16
BUX BUXTON RESOURCES 0.105 $ 15,646,375.00 -23 15
BYH BRYAH RESOURCES 0.082 $ 5,230,821.50 -32 14
4CE FORCE COMMODITIES 0.019 $ 8,630,131.00 -53 13
ARL ARDEA RESOURCES 0.65 $ 70,270,280.00 -3 11
CZR COZIRON RESOURCES 0.01 $ 20,830,512.00 -33 11
VML VITAL METALS 0.01 $ 17,426,112.00 43 11
CNJ CONICO 0.01 $ 3,843,982.25 -61 11
IEC INTRA ENERGY 0.01 $ 3,877,240.25 -17 11
BAR BARRA RESOURCES 0.022 $ 11,855,596.00 -33 10
AMD ARROW MINERALS 0.011 $ 9,285,524.00 -45 10
PUR PURSUIT MINERALS 0.012 $ 2,603,885.25 -83 10
PIO PIONEER RESOURCES 0.022 $ 33,192,692.00 16 10
KTA KRAKATOA RESOURCES 0.023 $ 3,105,000.00 -23 10
EUC EUROPEAN COBALT 0.024 $ 18,280,736.00 -59 9
VRC VOLT RESOURCES 0.012 $ 20,870,294.00 -35 8
AXE ARCHER EXPLORATION 0.14 $ 25,621,932.00 73 8
HAV HAVILAH RESOURCES 0.13 $ 29,463,622.00 -25 8
AUZ AUSTRALIAN MINES 0.027 $ 96,452,792.00 -57 8
FEL FE 0.013 $ 6,841,822.50 -36 8
VMC VENUS METALS 0.21 $ 25,634,742.00 25 8
NVA NOVA MINERALS 0.06 $ 55,922,048.00 140 7
CUL CULLEN RESOURCES 0.016 $ 2,711,437.25 -23 7
GME GME RESOURCES 0.065 $ 32,905,790.00 -13 7
GBE GLOBE METALS AND MINING 0.017 $ 7,920,680.50 31 6
SRK STRIKE RESOURCES 0.052 $ 8,690,982.00 -2 6
SYA SAYONA MINING 0.01 $ 16,648,177.00 -69 6
KSN KINGSTON RESOURCES 0.018 $ 31,786,570.00 -17 6
CXO CORE LITHIUM 0.038 $ 29,968,952.00 -5 6
MTC METALSTECH 0.019 $ 2,222,123.75 -77 6
MQR MARQUEE RESOURCES 0.095 $ 6,042,959.50 -53 6
BEM BLACKEARTH MINERALS 0.058 $ 6,705,675.50 -56 5
SVM SOVEREIGN METALS 0.1 $ 35,927,368.00 23 5
MLL MALI LITHIUM 0.11 $ 29,096,112.00 -60 5
IDA INDIANA RESOURCES 0.022 $ 3,404,338.00 -54 5
N27 NORTHERN COBALT 0.046 $ 3,036,451.00 -65 5
NXE NEW ENERGY MINERALS 0.024 $ 3,669,490.50 -76 4
CAZ CAZALY RESOURCES 0.049 $ 15,493,470.00 36 4
LPI LITHIUM POWER INTERNATIONAL 0.37 $ 99,755,280.00 31 4
MIN MINERAL RESOURCES 13.54 $ 2,599,522,304.00 -4 4
MNS MAGNIS ENERGY TECHNOLOGIES 0.165 $ 100,837,440.00 -55 3
INF INFINITY LITHIUM 0.068 $ 14,942,434.00 1 3
NMT NEOMETALS 0.18 $ 97,998,880.00 -30 3
SYR SYRAH RESOURCES 0.705 $ 291,428,960.00 -69 2
LIT LITHIUM AUSTRALIA 0.049 $ 25,645,048.00 -52 2
AVZ AVZ MINERALS 0.048 $ 112,903,272.00 -49 2
SEI SPECIALITY METALS INTERNATIONAL 0.05 $ 49,136,480.00 220 2
CRL COMET RESOURCES 0.025 $ 7,076,250.00 -25 2
VR8 VANADIUM RESOURCES 0.058 $ 20,775,518.00 -55 2
ORE OROCOBRE 2.58 $ 659,428,736.00 -30 1
KDR KIDMAN RESOURCES 1.8975 $ 767,091,072.00 80 0
BDI BLINA MINERALS 0.001 $ 4,593,882.50 0 0
MEI METEORIC RESOURCES 0.048 $ 46,278,072.00 104 0
POW PROTEAN ENERGY 0.008 $ 2,180,060.75 -76 0
LML LINCOLN MINERALS 0.005 $ 2,874,918.50 -77 0
LCD LATITUDE CONSOLIDATED 0.016 $ 4,402,864.00 -27 0
MCT METALICITY 0.006 $ 3,746,534.75 -57 0
MZN MARINDI METALS 0.105 $ 7,994,485.50 -71 0
WML WOOMERA MINING 0.024 $ 3,347,013.50 -67 0
E25 ELEMENT 25 0.185 $ 17,002,846.00 9 0
CGM COUGAR METALS 0.001 $ 1,176,583.25 -67 0
SVD SCANDIVANADIUM 0.01 $ 3,518,661.00 -61 0
MLM METALLICA MINERALS 0.012 $ 4,212,616.50 -55 0
KNL KIBARAN RESOURCES 0.105 $ 29,262,096.00 -44 0
CZN CORAZON MINING 0.003 $ 4,892,066.00 -57 0
HIP HIPO RESOURCES 0.008 $ 3,092,083.75 -43 0
ANW AUS TIN MINING 0.007 $ 15,801,474.00 -56 0
MRR MINREX RESOURCES 0.01 $ 958,777.25 -71 0
PM1 PURE MINERALS 0.017 $ 8,481,752.00 38 0
AZI ALTA ZINC 0.003 $ 4,554,086.00 -61 0
CFE CAPE LAMBERT RESOURCES 0.006 $ 6,180,059.00 -74 0
BSM BASS METALS 0.008 $ 22,478,996.00 -68 0
CHK COHIBA MINERALS 0.013 $ 7,975,371.00 60 0
ARE ARGONAUT RESOURCES 0.005 $ 7,771,903.00 -81 0
TLG TALGA RESOURCES 0.4 $ 89,973,360.00 -19 0
BOA BOADICEA RESOURCES 0.16 $ 8,455,228.00 52 0
ZNC ZENITH MINERALS 0.073 $ 15,557,373.00 -51 0
RNU RENASCOR RESOURCES 0.016 $ 18,454,790.00 -20 0
DHR DARK HORSE RESOURCES 0.004 $ 8,098,486.50 -60 0
RIE RIEDEL RESOURCES 0.012 $ 5,016,836.50 -60 0
SUH SOUTHERN HEMISPHERE MINING 0.025 $ 2,211,736.75 -59 0
JRL JINDALEE RESOURCES 0.32 $ 12,318,161.00 12 0
RMX RED MOUNTAIN MINING 0.005 $ 3,501,165.50 -44 0
TNG TNG 0.085 $ 96,710,880.00 -33 0
BSX BLACKSTONE MINERALS 0.19 $ 26,557,536.00 32 0
BAT BATTERY MINERALS 0.009 $ 11,862,824.00 -68 0
SO4 SALT LAKE POTASH 0.855 $ 215,029,056.00 77 -1
JMS JUPITER MINES 0.39 $ 744,416,576.00 37 -1
GXY GALAXY RESOURCES 1.125 $ 452,474,656.00 -58 -1
NZC NZURI COPPER 0.295 $ 87,292,120.00 23 -2
AGY ARGOSY MINERALS 0.083 $ 81,160,168.00 -64 -2
GPX GRAPHEX MINING 0.185 $ 19,122,590.00 -17 -3
CHN CHALICE GOLD MINES 0.18 $ 50,702,604.00 64 -3
HXG HEXAGON RESOURCES 0.075 $ 21,300,188.00 -44 -3
PGM PLATINA RESOURCES 0.032 $ 9,244,418.00 -63 -3
LI3 LITHIUM CONSOLIDATED 0.045 $ 4,244,495.50 -57 -4
AJM ALTURA MINING 0.068 $ 155,805,984.00 -71 -4
KOR KORAB RESOURCES 0.021 $ 6,661,189.00 -36 -5
DGR DGR GLOBAL 0.083 $ 50,280,912.00 -34 -5
LPD LEPIDICO 0.019 $ 87,973,368.00 -4 -5
FGR FIRST GRAPHENE 0.185 $ 90,196,104.00 23 -5
CLA CELSIUS RESOURCES 0.018 $ 13,629,925.00 -81 -5
MZZ MATADOR MINING 0.27 $ 26,130,104.00 -15 -5
PLS PILBARA MINERALS 0.35 $ 611,150,464.00 -57 -6
BKT BLACK ROCK MINING 0.072 $ 41,088,356.00 100 -6
INR IONEER 0.16 $ 221,247,520.00 -52 -6
HRZ HORIZON MINERALS 0.135 $ 57,776,652.00 -7 -7
TON TRITON MINERALS 0.039 $ 37,085,528.00 -13 -7
CLQ CLEAN TEQ 0.315 $ 246,331,872.00 -34 -7
DEV DEVEX RESOURCES 0.06 $ 11,309,299.00 42 -8
PSC PROSPECT RESOURCES 0.115 $ 28,314,210.00 -54 -8
WKT WALKABOUT RESOURCES 0.225 $ 74,473,576.00 57 -8
THR THOR MINING 0.011 $ 9,038,115.00 -65 -8
LTR LIONTOWN RESOURCES 0.096 $ 144,270,896.00 210 -9
NWC NEW WORLD COBALT 0.021 $ 16,223,179.00 -59 -9
OMH OM HOLDINGS 0.58 $ 421,015,296.00 -54 -9
PAN PANORAMIC RESOURCES 0.31 $ 171,610,560.00 -31 -9
HNR HANNANS 0.011 $ 19,879,546.00 -23 -9
TMT TECHNOLOGY METALS AUSTRALIA 0.175 $ 14,884,208.00 -69 -11
EMH EUROPEAN METALS 0.295 $ 42,980,536.00 -21 -11
GED GOLDEN DEEPS 0.023 $ 5,436,689.00 -45 -12
PLL PIEDMONT LITHIUM 0.105 $ 85,614,936.00 -30 -13
KAI KAIROS MINERALS 0.014 $ 11,931,820.00 -53 -13
AEE AURA ENERGY 0.007 $ 8,843,840.00 -67 -13
BPL BROKEN HILL PROSPECTING 0.025 $ 3,697,085.00 -61 -14
MLS METALS AUSTRALIA 0.002 $ 5,854,395.50 -50 -20
SI6 SIX SIGMA METALS 0.004 $ 2,580,012.50 -50 -20
LKE LAKE RESOURCES 0.042 $ 23,036,530.00 -52 -21
MTB MOUNT BURGESS MINING 0.0015 $ 780,194.06 -75 -25
LRSDA LATIN RESOURCES 0.018 $ 2,802,576.00 -86 -28
PNN PEPINNINI LITHIUM 0.002 $ 2,476,023.50 -79 -33
GPP GREENPOWER ENERGY 0.0015 $ 2,002,245.25 -75 -50