DLE tech is all the rage right now, but questions remain if it will become a conventional processing method. Pic: Getty Images.
High Voltage: French lithium play eyes production with hot-topic DLE tech by year-end
Mining
share
- French lithium miner Eramet in production with Direct Lithium Extraction tech by November
- Pivotal Metals finds thick copper in Canada
- Sipa Resources eyes exploration at WA nickel project
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.
French lithium player Eramet has started commissioning direct lithium extraction at its Centenario brine project in Argentina – and will become the first European company to produce battery-grade lithium carbonate at industrial scale once production kicks off in November.
Ramp up is expected by 2025, with Centenario Phase 1 designed to extract and produce 24,000t a year of battery-grade lithium carbonate at full capacity.
That’s the equivalent to the requirements for 600,000 electric vehicles annually, the company says.
It’s worth noting that while DLE tech has been around in the water industry for decades, its use in lithium has been questioned by some like Benchmark Minerals Intelligence as to whether or not the tech is able to bridge a supply gap.
The tech is already used commercially by a number of lower grade projects in China as well as by Aussie player Arcadium Lithium (ASX:LTM) at its El Fenix operation in Argentina, and it’s popular with regulators in places like Chile who are concerned about the water draw of evaporative brine fields located in arid desert regions.
Last year, Goldman Sachs suggested DLE could pose a technological shift in lithium production akin to the role the innovation of shale oil played in expanding US oil and gas production.
“Direct Lithium Extraction (DLE) has the potential to significantly impact the lithium industry, with implementation on the extraction of lithium brines potentially revolutionary to production/capacity, timing, and environmental impacts/permitting,” its analysts said.
They predict an additional 70,000-140,000tpa could come from next generation DLE from 2028, boosting global lithium supplies by 8%.
Eramet, better known as a nickel and manganese producer, reckons its tech is legit. It’s been tested over five years on site under real-life conditions, achieving a recovery rate of lithium contained in the brine of approximately 90%.
“In comparison, if we were using the traditional natural evaporation process in Centenario, the recovery rate would be 40-50%,” the company said.
The process is also much, much quicker than conventional evaporation, able to reduce the production lead-time to 1 week vs 12-18 months.
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>>>
| Code | Company | Price | % Week | % Month | % Six Month | % Year | Market Cap |
|---|---|---|---|---|---|---|---|
| XTC | XTC Lithium Limited | 0.2 | 19900% | 19900% | 19900% | -17% | $17,528,272 |
| MOH | Moho Resources | 0.006 | 50% | 50% | -40% | -45% | $2,695,891 |
| PVT | Pivotal Metals Ltd | 0.02 | 43% | 11% | -17% | -5% | $13,378,247 |
| BM8 | Battery Age Minerals | 0.185 | 42% | 12% | -10% | -65% | $17,209,466 |
| IMI | Infinitymining | 0.021 | 40% | -53% | -85% | -83% | $2,493,821 |
| LRV | Larvottoresources | 0.14 | 40% | 47% | 94% | 18% | $33,859,572 |
| RLC | Reedy Lagoon Corp. | 0.004 | 33% | 0% | -20% | -31% | $2,478,163 |
| TMX | Terrain Minerals | 0.004 | 33% | 0% | -20% | -43% | $4,295,012 |
| SRI | Sipa Resources Ltd | 0.017 | 31% | 6% | -32% | -15% | $3,878,688 |
| IG6 | Internationalgraphit | 0.077 | 31% | -30% | -47% | -57% | $14,903,991 |
| KOR | Korab Resources | 0.009 | 29% | 50% | -50% | -59% | $3,303,450 |
| EMH | European Metals Hldg | 0.32 | 28% | -18% | -19% | -61% | $63,270,635 |
| LIN | Lindian Resources | 0.14 | 27% | 27% | -7% | -61% | $167,173,724 |
| ARR | American Rare Earths | 0.31 | 27% | 15% | 94% | 114% | $143,092,757 |
| ASN | Anson Resources Ltd | 0.125 | 25% | -4% | -14% | -19% | $154,863,385 |
| GRE | Greentechmetals | 0.16 | 23% | -22% | -64% | -71% | $13,708,196 |
| ITM | Itech Minerals Ltd | 0.064 | 23% | -11% | -42% | -72% | $7,337,014 |
| CAE | Cannindah Resources | 0.062 | 22% | 5% | -33% | -59% | $33,528,637 |
| DLI | Delta Lithium | 0.265 | 20% | -2% | -44% | -68% | $189,052,893 |
| WML | Woomera Mining Ltd | 0.003 | 20% | 0% | -90% | -77% | $4,872,556 |
| COB | Cobalt Blue Ltd | 0.088 | 19% | -3% | -63% | -67% | $36,691,521 |
| EVG | Evion Group NL | 0.019 | 19% | -17% | -46% | -46% | $6,919,184 |
| PNN | Power Minerals Ltd | 0.16 | 19% | 14% | -29% | -58% | $12,038,655 |
| AQD | Ausquest Limited | 0.013 | 18% | -24% | 8% | -13% | $10,726,940 |
| BUX | Buxton Resources Ltd | 0.079 | 18% | -21% | -56% | -52% | $15,913,258 |
| ASM | Ausstratmaterials | 0.895 | 17% | -9% | -35% | -19% | $153,963,524 |
| EMC | Everest Metals Corp | 0.14 | 17% | 8% | 75% | -26% | $22,999,635 |
| KTA | Krakatoa Resources | 0.014 | 17% | -13% | -58% | -42% | $6,137,394 |
| EG1 | Evergreenlithium | 0.071 | 16% | -25% | -59% | -78% | $3,992,330 |
| AGY | Argosy Minerals Ltd | 0.086 | 16% | -31% | -41% | -78% | $123,753,279 |
| EMN | Euromanganese | 0.076 | 15% | -5% | -24% | -54% | $16,353,707 |
| IPX | Iperionx Limited | 2.25 | 15% | -7% | 61% | 102% | $578,800,708 |
| WA1 | Wa1Resourcesltd | 19.29 | 15% | -9% | 51% | 233% | $1,178,884,916 |
| DTM | Dart Mining NL | 0.023 | 15% | -8% | 35% | -43% | $5,943,956 |
| MRC | Mineral Commodities | 0.024 | 14% | -8% | -27% | -50% | $23,627,342 |
| LNR | Lanthanein Resources | 0.004 | 14% | 0% | -64% | -73% | $9,774,545 |
| LNR | Lanthanein Resources | 0.004 | 14% | 0% | -64% | -73% | $9,774,545 |
| SRL | Sunrise | 0.41 | 14% | -19% | -10% | -61% | $32,481,899 |
| AXE | Archer Materials | 0.37 | 14% | -11% | -11% | -38% | $94,293,395 |
| REC | Rechargemetals | 0.033 | 14% | -15% | -65% | -91% | $4,609,769 |
| LM1 | Leeuwin Metals Ltd | 0.051 | 13% | -22% | -64% | -87% | $2,389,435 |
| RXL | Rox Resources | 0.135 | 13% | -18% | -27% | -57% | $52,918,741 |
| SLZ | Sultan Resources Ltd | 0.009 | 13% | -18% | -60% | -80% | $1,778,278 |
| GCM | Green Critical Min | 0.0045 | 13% | 50% | -55% | -70% | $5,114,633 |
| ASR | Asra Minerals Ltd | 0.0045 | 13% | -36% | -36% | -36% | $9,162,357 |
| VTM | Victory Metals Ltd | 0.37 | 12% | 37% | 85% | 48% | $32,467,152 |
| NC1 | Nicoresourceslimited | 0.14 | 12% | -3% | -59% | -70% | $15,323,081 |
| ETM | Energy Transition | 0.0235 | 12% | -29% | -38% | -41% | $33,004,036 |
| CLA | Celsius Resource Ltd | 0.0145 | 12% | 45% | 16% | -42% | $33,990,778 |
| FRS | Forrestaniaresources | 0.039 | 11% | -15% | 37% | -56% | $6,471,430 |
| VHM | Vhmlimited | 0.465 | 11% | 7% | -34% | -27% | $70,932,128 |
| SRZ | Stellar Resources | 0.021 | 11% | -5% | 163% | 62% | $38,835,036 |
| GRL | Godolphin Resources | 0.021 | 11% | -22% | -43% | -61% | $4,063,933 |
| EFE | Eastern Resources | 0.0055 | 10% | -8% | -31% | -45% | $6,209,732 |
| CAI | Calidus Resources | 0.115 | 10% | -4% | -47% | -32% | $93,678,206 |
| BKT | Black Rock Mining | 0.059 | 9% | -5% | -30% | -46% | $73,827,795 |
| WKT | Walkabout Resources | 0.12 | 9% | 0% | -14% | 24% | $77,195,067 |
| PGM | Platina Resources | 0.025 | 9% | -4% | 14% | -4% | $18,072,230 |
| VUL | Vulcan Energy | 4.16 | 9% | -12% | 48% | -1% | $730,171,655 |
| WR1 | Winsome Resources | 0.775 | 8% | -31% | -29% | -52% | $161,313,145 |
| AAJ | Aruma Resources Ltd | 0.013 | 8% | -24% | -52% | -70% | $2,559,590 |
| EUR | European Lithium Ltd | 0.054 | 8% | 13% | -51% | -46% | $78,294,868 |
| SGQ | St George Min Ltd | 0.027 | 8% | 23% | -23% | -33% | $26,690,592 |
| TMB | Tambourahmetals | 0.055 | 8% | -19% | -54% | -39% | $4,561,719 |
| QEM | QEM Limited | 0.14 | 8% | 0% | -30% | -24% | $22,708,757 |
| IDA | Indiana Resources | 0.085 | 8% | 8% | 14% | 81% | $53,921,558 |
| S2R | S2 Resources | 0.1 | 8% | -20% | -35% | -20% | $43,927,225 |
| HAS | Hastings Tech Met | 0.295 | 7% | 34% | -59% | -77% | $52,912,840 |
| AVL | Aust Vanadium Ltd | 0.015 | 7% | -12% | -25% | -55% | $129,157,547 |
| LU7 | Lithium Universe Ltd | 0.015 | 7% | -17% | -56% | -50% | $8,908,703 |
| BSX | Blackstone Ltd | 0.048 | 7% | -14% | -31% | -58% | $25,740,735 |
| AR3 | Austrare | 0.08 | 7% | -24% | -47% | -74% | $11,694,142 |
| SCN | Scorpion Minerals | 0.016 | 7% | -16% | -50% | -82% | $6,551,299 |
| BC8 | Black Cat Syndicate | 0.32 | 7% | -7% | 36% | -15% | $117,139,768 |
| NTU | Northern Min Ltd | 0.034 | 6% | -6% | 10% | 3% | $195,062,315 |
| 1AE | Auroraenergymetals | 0.068 | 6% | -23% | -41% | 8% | $12,176,334 |
| MLX | Metals X Limited | 0.43 | 6% | -9% | 51% | 51% | $380,610,748 |
| FBM | Future Battery | 0.035 | 6% | -13% | -50% | -71% | $22,517,382 |
| LTR | Liontown Resources | 0.95 | 6% | -27% | -44% | -66% | $2,315,879,660 |
| ASO | Aston Minerals Ltd | 0.0095 | 6% | -37% | -57% | -88% | $12,950,643 |
| PEK | Peak Rare Earths Ltd | 0.195 | 5% | -20% | -47% | -58% | $51,858,643 |
| PEK | Peak Rare Earths Ltd | 0.195 | 5% | -20% | -47% | -58% | $51,858,643 |
| AZL | Arizona Lithium Ltd | 0.02 | 5% | -13% | -33% | -38% | $80,528,662 |
| DEV | Devex Resources Ltd | 0.3 | 5% | -27% | 7% | 2% | $127,945,295 |
| IXR | Ionic Rare Earths | 0.0105 | 5% | -13% | -60% | -52% | $48,313,011 |
| SLM | Solismineralsltd | 0.084 | 5% | -20% | -44% | -92% | $6,485,697 |
| STK | Strickland Metals | 0.11 | 5% | -4% | 10% | 168% | $240,835,622 |
| EGR | Ecograf Limited | 0.115 | 5% | -28% | -26% | -18% | $49,943,500 |
| NKL | Nickelxltd | 0.024 | 4% | -17% | -35% | -64% | $2,107,564 |
| ANX | Anax Metals Ltd | 0.024 | 4% | -37% | -17% | -62% | $16,591,610 |
| LYC | Lynas Rare Earths | 6.32 | 4% | -5% | -12% | -8% | $5,729,822,474 |
| A11 | Atlantic Lithium | 0.38 | 4% | -12% | -7% | -30% | $254,995,103 |
| PLL | Piedmont Lithium Inc | 0.145 | 4% | -28% | -65% | -83% | $60,470,046 |
| IPT | Impact Minerals | 0.0155 | 3% | -23% | 29% | 11% | $48,950,939 |
| LPM | Lithium Plus | 0.155 | 3% | 58% | -55% | -43% | $20,843,550 |
| EV1 | Evolutionenergy | 0.034 | 3% | -40% | -75% | -82% | $10,349,014 |
| CHR | Charger Metals | 0.069 | 3% | -22% | -61% | -86% | $5,341,997 |
| HRE | Heavy Rare Earths | 0.035 | 3% | -5% | -45% | -61% | $2,117,078 |
| LRS | Latin Resources Ltd | 0.18 | 3% | -31% | -35% | -44% | $489,898,406 |
| PFE | Panteraminerals | 0.036 | 3% | -32% | -31% | -59% | $10,864,245 |
| ILU | Iluka Resources | 6.785 | 3% | -5% | 2% | -39% | $2,824,364,598 |
| JRV | Jervois Global Ltd | 0.0185 | 3% | 23% | -59% | -71% | $48,649,748 |
| NVA | Nova Minerals Ltd | 0.195 | 3% | -15% | -47% | -33% | $37,634,954 |
| MTM | MTM Critical Metals | 0.039 | 3% | -11% | -58% | -63% | $10,119,847 |
| S32 | South32 Limited | 3.835 | 3% | -3% | 14% | 2% | $16,894,134,459 |
| AM7 | Arcadia Minerals | 0.042 | 2% | -38% | -42% | -63% | $4,682,004 |
| GW1 | Greenwing Resources | 0.045 | 2% | -31% | -63% | -80% | $7,975,065 |
| MHK | Metalhawk. | 0.05 | 2% | -9% | -64% | -62% | $5,033,500 |
| BMM | Balkanminingandmin | 0.053 | 2% | -12% | -56% | -74% | $3,765,147 |
| HAW | Hawthorn Resources | 0.063 | 2% | -10% | -32% | -55% | $21,105,984 |
| LOT | Lotus Resources Ltd | 0.34 | 1% | -27% | 13% | 84% | $595,145,234 |
| SYR | Syrah Resources | 0.345 | 1% | -24% | -48% | -61% | $346,688,742 |
| SYR | Syrah Resources | 0.345 | 1% | -24% | -48% | -61% | $346,688,742 |
| ARU | Arafura Rare Earths | 0.1825 | 1% | -4% | 7% | -40% | $427,405,906 |
| LEL | Lithenergy | 0.39 | 1% | -5% | -32% | -55% | $42,560,596 |
| BHP | BHP Group Limited | 43.5 | 0% | -2% | -14% | -3% | $218,887,270,062 |
| PVW | PVW Res Ltd | 0.021 | 0% | -13% | -56% | -74% | $2,129,500 |
| INF | Infinity Lithium | 0.052 | 0% | -12% | -46% | -42% | $24,054,789 |
| PAM | Pan Asia Metals | 0.16 | 0% | 0% | 7% | -27% | $29,682,935 |
| CXO | Core Lithium | 0.086 | 0% | -34% | -68% | -90% | $183,776,457 |
| NWC | New World Resources | 0.031 | 0% | -18% | -28% | -14% | $85,068,452 |
| RIL | Redivium Limited | 0.003 | 0% | -25% | -50% | -73% | $8,192,564 |
| LPD | Lepidico Ltd | 0.003 | 0% | -25% | -55% | -71% | $25,767,358 |
| MRD | Mount Ridley Mines | 0.001 | 0% | 0% | -50% | -50% | $7,784,883 |
| CZN | Corazon Ltd | 0.006 | 0% | -25% | -63% | -60% | $4,007,434 |
| MNS | Magnis Energy Tech | 0.042 | 0% | 0% | 0% | -70% | $50,378,922 |
| 0 | 0% | 0% | 0% | 0% | |||
| ESR | Estrella Res Ltd | 0.004 | 0% | -11% | -33% | -43% | $7,037,487 |
| ARL | Ardea Resources Ltd | 0.485 | 0% | -20% | 0% | 37% | $94,849,385 |
| VRC | Volt Resources Ltd | 0.005 | 0% | 0% | -17% | -50% | $18,714,052 |
| IGO | IGO Limited | 5.74 | 0% | -18% | -37% | -62% | $4,263,417,787 |
| ADV | Ardiden Ltd | 0.125 | 0% | -14% | -29% | -58% | $7,814,688 |
| PAN | Panoramic Resources | 0.035 | 0% | 0% | 0% | -62% | $103,937,992 |
| PRL | Province Resources | 0.041 | 0% | 0% | 0% | 0% | $48,441,219 |
| VML | Vital Metals Limited | 0.003 | 0% | -14% | -57% | -67% | $11,790,134 |
| AUZ | Australian Mines Ltd | 0.008 | 0% | -11% | -20% | -50% | $10,488,841 |
| 0 | 0% | 0% | 0% | 0% | |||
| FFX | Firefinch Ltd | 0.2 | 0% | 0% | 0% | 0% | $236,569,315 |
| ATM | Aneka Tambang | 1.07 | 0% | -1% | -9% | 0% | $1,394,904 |
| GAL | Galileo Mining Ltd | 0.2 | 0% | -18% | -30% | -64% | $40,513,110 |
| RMX | Red Mount Min Ltd | 0.001 | 0% | 0% | -62% | -71% | $3,423,577 |
| 1MC | Morella Corporation | 0.003 | 0% | 0% | -45% | -63% | $12,357,599 |
| PUR | Pursuit Minerals | 0.003 | 0% | -25% | -63% | -79% | $10,906,200 |
| QPM | Queensland Pacific | 0.034 | 0% | -6% | -38% | -66% | $83,187,998 |
| LEG | Legend Mining | 0.011 | 0% | -21% | -31% | -73% | $29,079,772 |
| AML | Aeon Metals Ltd. | 0.006 | 0% | -25% | -40% | -60% | $6,578,404 |
| G88 | Golden Mile Res Ltd | 0.011 | 0% | -21% | -45% | -79% | $4,523,451 |
| VMC | Venus Metals Cor Ltd | 0.07 | 0% | -20% | -30% | -37% | $13,281,008 |
| CNJ | Conico Ltd | 0.001 | 0% | 0% | -80% | -86% | $1,805,145 |
| MQR | Marquee Resource Ltd | 0.011 | 0% | -15% | -59% | -76% | $4,547,228 |
| MRR | Minrex Resources Ltd | 0.009 | 0% | -14% | -44% | -36% | $9,763,808 |
| FG1 | Flynngold | 0.024 | 0% | -14% | -47% | -54% | $6,109,073 |
| LSR | Lodestar Minerals | 0.0015 | 0% | 25% | -38% | -53% | $2,023,397 |
| RAG | Ragnar Metals Ltd | 0.018 | 0% | 3% | -22% | -27% | $9,005,638 |
| CTN | Catalina Resources | 0.003 | 0% | 0% | -33% | 0% | $3,715,461 |
| KZR | Kalamazoo Resources | 0.085 | 0% | -15% | -19% | -26% | $15,288,681 |
| CRR | Critical Resources | 0.008 | 0% | -27% | -60% | -80% | $14,242,802 |
| RBX | Resource B | 0.034 | 0% | -8% | -55% | -82% | $2,811,272 |
| EMT | Emetals Limited | 0.004 | 0% | -20% | -50% | -56% | $3,400,000 |
| AVW | Avira Resources Ltd | 0.001 | 0% | 0% | -50% | -60% | $2,938,790 |
| GT1 | Greentechnology | 0.079 | 0% | -9% | -72% | -89% | $24,453,159 |
| THR | Thor Energy PLC | 0.015 | 0% | -21% | -50% | -63% | $3,525,368 |
| YAR | Yari Minerals Ltd | 0.003 | 0% | -25% | -73% | -79% | $1,447,073 |
| AZI | Altamin Limited | 0.038 | 0% | -3% | -31% | -50% | $16,676,263 |
| FTL | Firetail Resources | 0.076 | 0% | 77% | 4% | -27% | $14,314,882 |
| WCN | White Cliff Min Ltd | 0.015 | 0% | -12% | 67% | 114% | $24,365,811 |
| TAR | Taruga Minerals | 0.007 | 0% | -13% | -36% | -30% | $4,942,187 |
| ABX | ABX Group Limited | 0.047 | 0% | -11% | -37% | -52% | $11,751,895 |
| AOA | Ausmon Resorces | 0.002 | 0% | -33% | -33% | -43% | $2,117,999 |
| DM1 | Desert Metals | 0.02 | 0% | -9% | -60% | -64% | $5,308,514 |
| M24 | Mamba Exploration | 0.016 | 0% | -20% | -66% | -77% | $2,945,316 |
| CDT | Castle Minerals | 0.004 | 0% | -20% | -56% | -64% | $5,975,218 |
| CY5 | Cygnus Metals Ltd | 0.045 | 0% | -33% | -63% | -84% | $12,321,084 |
| BUR | Burleyminerals | 0.15 | 0% | 7% | -9% | -35% | $21,803,787 |
| OM1 | Omnia Metals Group | 0.078 | 0% | 0% | 0% | -65% | $4,550,568 |
| LLL | Leolithiumlimited | 0.505 | 0% | 0% | 0% | -53% | $605,079,142 |
| SRN | Surefire Rescs NL | 0.008 | 0% | -11% | -11% | -47% | $15,890,463 |
| WSR | Westar Resources | 0.009 | 0% | -10% | -52% | -82% | $2,340,578 |
| MEI | Meteoric Resources | 0.16 | 0% | -16% | -37% | -22% | $308,468,576 |
| LCY | Legacy Iron Ore | 0.013 | 0% | 0% | -24% | -35% | $100,276,127 |
| NIC | Nickel Industries | 0.8125 | 0% | -15% | 14% | -8% | $3,428,647,904 |
| OMH | OM Holdings Limited | 0.4475 | -1% | -6% | -7% | -11% | $342,899,918 |
| MIN | Mineral Resources. | 55.2 | -1% | -23% | -22% | -23% | $10,545,188,291 |
| DVP | Develop Global Ltd | 2.2 | -1% | -4% | -21% | -36% | $554,815,199 |
| GLN | Galan Lithium Ltd | 0.1675 | -1% | -26% | -77% | -81% | $78,200,759 |
| KFM | Kingfisher Mining | 0.06 | -2% | -19% | -64% | -80% | $3,276,615 |
| LKE | Lake Resources | 0.041 | -2% | -32% | -70% | -86% | $61,535,630 |
| LTM | Arcadium Lithium PLC | 4.89 | -2% | -26% | -55% | 0% | $1,839,864,002 |
| CHN | Chalice Mining Ltd | 1.365 | -3% | -18% | -19% | -78% | $589,279,406 |
| AXN | Alliance Nickel Ltd | 0.039 | -3% | -7% | -9% | -59% | $28,307,745 |
| PBL | Parabellumresources | 0.039 | -3% | -11% | -39% | -89% | $2,429,700 |
| PMT | Patriotbatterymetals | 0.545 | -3% | -37% | -52% | -68% | $333,636,572 |
| ARN | Aldoro Resources | 0.072 | -3% | -4% | -42% | -31% | $9,558,286 |
| GED | Golden Deeps | 0.034 | -3% | -17% | -26% | -43% | $4,043,282 |
| SYA | Sayona Mining Ltd | 0.034 | -3% | -24% | -51% | -81% | $349,972,064 |
| MEK | Meeka Metals Limited | 0.033 | -3% | -13% | -18% | -3% | $40,745,395 |
| JLL | Jindalee Lithium Ltd | 0.31 | -3% | -43% | -68% | -82% | $18,751,936 |
| EMS | Eastern Metals | 0.03 | -3% | -9% | -17% | -44% | $2,964,787 |
| DYM | Dynamicmetalslimited | 0.15 | -3% | -9% | -9% | -53% | $5,400,000 |
| CTM | Centaurus Metals Ltd | 0.44 | -3% | -15% | -17% | -51% | $225,762,205 |
| MAN | Mandrake Res Ltd | 0.029 | -3% | -12% | -31% | -37% | $18,502,798 |
| E25 | Element 25 Ltd | 0.2175 | -3% | -19% | -48% | -63% | $50,031,977 |
| INR | Ioneer Ltd | 0.14 | -3% | -35% | -7% | -59% | $338,926,814 |
| GBR | Greatbould Resources | 0.056 | -3% | -5% | -15% | -22% | $33,950,343 |
| PLS | Pilbara Min Ltd | 3.04 | -3% | -20% | -24% | -38% | $8,938,871,257 |
| TOR | Torque Met | 0.135 | -4% | -33% | -39% | -4% | $24,759,513 |
| FGR | First Graphene Ltd | 0.053 | -4% | -5% | -23% | -23% | $33,621,838 |
| NMT | Neometals Ltd | 0.0865 | -4% | -28% | -58% | -82% | $53,561,687 |
| NVX | Novonix Limited | 0.715 | -4% | 4% | -3% | -27% | $344,747,774 |
| CMX | Chemxmaterials | 0.047 | -4% | 2% | -43% | -34% | $5,970,049 |
| L1M | Lightning Minerals | 0.069 | -4% | -22% | -43% | -57% | $6,326,565 |
| RON | Roninresourcesltd | 0.115 | -4% | -23% | -36% | -26% | $4,234,876 |
| LMG | Latrobe Magnesium | 0.044 | -4% | -10% | -30% | -17% | $96,440,209 |
| DRE | Dreadnought Resources Ltd | 0.022 | -4% | 29% | -24% | -58% | $73,774,532 |
| TLG | Talga Group Ltd | 0.5925 | -4% | -3% | -26% | -60% | $243,042,670 |
| WC8 | Wildcat Resources | 0.31 | -5% | -28% | -54% | 158% | $380,067,754 |
| VMS | Venture Minerals | 0.02 | -5% | -23% | 186% | 43% | $47,600,274 |
| LIT | Lithium Australia | 0.019 | -5% | -27% | -37% | -42% | $22,612,396 |
| MLS | Metals Australia | 0.019 | -5% | -10% | -50% | -44% | $13,440,021 |
| KGD | Kula Gold Limited | 0.0095 | -5% | -27% | -37% | -44% | $5,873,013 |
| SBR | Sabre Resources | 0.017 | -6% | -6% | -45% | -35% | $6,362,453 |
| GL1 | Globallith | 0.255 | -6% | -28% | -78% | -84% | $67,668,978 |
| M2R | Miramar | 0.008 | -6% | -23% | -60% | -76% | $1,579,118 |
| RAS | Ragusa Minerals Ltd | 0.016 | -6% | -16% | -56% | -75% | $2,281,581 |
| TEM | Tempest Minerals | 0.0075 | -6% | -21% | -2% | -40% | $3,633,871 |
| NWM | Norwest Minerals | 0.03 | -6% | -12% | -6% | -38% | $11,255,466 |
| ICL | Iceni Gold | 0.06 | -6% | -9% | 13% | -15% | $16,365,663 |
| MMC | Mitremining | 0.82 | -6% | 16% | 215% | 173% | $85,110,223 |
| OD6 | Od6Metalsltd | 0.043 | -7% | -31% | -69% | -78% | $5,533,677 |
| KNI | Kunikolimited | 0.215 | -7% | 2% | -26% | -50% | $17,787,700 |
| KOB | Kobaresourceslimited | 0.14 | -7% | -7% | 100% | -10% | $22,198,626 |
| PAT | Patriot Lithium | 0.056 | -7% | -28% | -67% | -79% | $5,587,945 |
| BCA | Black Canyon Limited | 0.079 | -7% | -37% | -44% | -54% | $5,541,175 |
| REE | Rarex Limited | 0.013 | -7% | -19% | -52% | -64% | $10,271,710 |
| LML | Lincoln Minerals | 0.006 | -8% | -20% | 0% | -60% | $12,337,129 |
| PNT | Panthermetalsltd | 0.024 | -8% | -47% | -60% | -68% | $2,004,822 |
| RVT | Richmond Vanadium | 0.24 | -8% | -23% | -14% | -41% | $20,689,873 |
| RNU | Renascor Res Ltd | 0.0865 | -8% | -21% | -31% | -54% | $223,642,364 |
| BOA | Boadicea Resources | 0.023 | -8% | -4% | -36% | -52% | $2,837,115 |
| ALY | Alchemy Resource Ltd | 0.0055 | -8% | -21% | -48% | -66% | $6,479,419 |
| EVR | Ev Resources Ltd | 0.0055 | -8% | -31% | -50% | -58% | $6,606,357 |
| RGL | Riversgold | 0.0055 | -8% | -21% | -58% | -63% | $6,047,884 |
| WC1 | Westcobarmetals | 0.033 | -8% | -34% | -57% | -63% | $4,035,911 |
| BNR | Bulletin Res Ltd | 0.042 | -9% | -14% | -70% | -31% | $12,038,146 |
| AS2 | Askarimetalslimited | 0.04 | -9% | -27% | -74% | -86% | $4,005,327 |
| FRB | Firebird Metals | 0.15 | -9% | -14% | 3% | 65% | $21,354,210 |
| TKM | Trek Metals Ltd | 0.03 | -9% | -27% | -19% | -67% | $15,404,186 |
| CNB | Carnaby Resource Ltd | 0.475 | -10% | -21% | -39% | -55% | $82,529,878 |
| A8G | Australasian Metals | 0.072 | -10% | -22% | -52% | -37% | $3,752,676 |
| GSM | Golden State Mining | 0.009 | -10% | -10% | -40% | -80% | $3,073,077 |
| KAI | Kairos Minerals Ltd | 0.009 | -10% | -18% | -38% | -48% | $23,588,210 |
| OCN | Oceanalithiumlimited | 0.036 | -10% | -22% | -69% | -91% | $3,217,422 |
| JMS | Jupiter Mines. | 0.2875 | -10% | -14% | 74% | 47% | $558,601,516 |
| STM | Sunstone Metals Ltd | 0.0085 | -11% | -29% | -39% | -67% | $34,544,405 |
| ZNC | Zenith Minerals Ltd | 0.048 | -11% | -29% | -67% | -47% | $16,914,282 |
| PTR | Petratherm Ltd | 0.016 | -11% | -30% | -53% | -80% | $3,621,118 |
| FIN | FIN Resources Ltd | 0.008 | -11% | -33% | -62% | -43% | $5,194,150 |
| CWX | Carawine Resources | 0.083 | -12% | -21% | -25% | -20% | $20,306,789 |
| TVN | Tivan Limited | 0.066 | -12% | 22% | 0% | -11% | $120,154,279 |
| PSC | Prospect Res Ltd | 0.14 | -13% | -26% | 59% | -13% | $67,015,184 |
| ENV | Enova Mining Limited | 0.0105 | -13% | -50% | -38% | 110% | $10,058,258 |
| WIN | Widgienickellimited | 0.021 | -13% | -42% | -75% | -90% | $6,702,277 |
| VR8 | Vanadium Resources | 0.054 | -13% | -10% | 0% | -27% | $30,381,761 |
| KM1 | Kalimetalslimited | 0.235 | -13% | -41% | 0% | 0% | $17,558,682 |
| LLI | Loyal Lithium Ltd | 0.16 | -14% | -30% | -56% | -50% | $14,063,625 |
| AKN | Auking Mining Ltd | 0.019 | -14% | -21% | -60% | -62% | $5,041,720 |
| QXR | Qx Resources Limited | 0.006 | -14% | -45% | -75% | -68% | $6,660,467 |
| AX8 | Accelerate Resources | 0.033 | -15% | -42% | -20% | 65% | $18,001,864 |
| HXG | Hexagon Energy | 0.01 | -17% | -47% | -23% | 0% | $5,129,159 |
| PGD | Peregrine Gold | 0.19 | -17% | -31% | -22% | -31% | $12,896,900 |
| CMO | Cosmometalslimited | 0.041 | -20% | 8% | -28% | -48% | $5,254,416 |
| ADD | Adavale Resource Ltd | 0.004 | -20% | -11% | -47% | -84% | $4,261,061 |
| POS | Poseidon Nick Ltd | 0.004 | -20% | -43% | -67% | -89% | $14,854,139 |
| RR1 | Reach Resources Ltd | 0.014 | -22% | 0% | -24% | -72% | $13,990,902 |
| RR1 | Reach Resources Ltd | 0.014 | -22% | 0% | -24% | -72% | $13,990,902 |
| WMG | Western Mines | 0.28 | -24% | -33% | 12% | -40% | $22,652,302 |
| ENT | Enterprise Metals | 0.003 | -25% | -40% | -25% | -25% | $2,654,163 |
| ODE | Odessa Minerals Ltd | 0.003 | -25% | -25% | -63% | -79% | $3,129,848 |
| CLZ | Classic Min Ltd | 0.0015 | -25% | -63% | -97% | -97% | $755,548 |
| BYH | Bryah Resources Ltd | 0.005 | -29% | -38% | -62% | -69% | $2,177,268 |
| TKL | Traka Resources | 0.001 | -33% | 0% | -50% | -79% | $2,625,988 |
| TON | Triton Min Ltd | 0.008 | -33% | -27% | -67% | -76% | $14,115,499 |
| MHC | Manhattan Corp Ltd | 0.001 | -33% | -50% | -75% | -88% | $4,405,470 |
| SUM | Summitminerals | 0.305 | -35% | 33% | 218% | 110% | $16,798,843 |
| VIA | Viagold Rare Earth | 0 | -100% | -100% | -100% | -100% | $166,624,808 |
| LPI | Lithium Pwr Int Ltd | 0 | -100% | -100% | -100% | -100% | $361,898,974 |
| AZS | Azure Minerals | 0 | -100% | -100% | -100% | -100% | $1,692,527,632 |
| GSR | Greenstone Resources | 0 | -100% | -100% | -100% | -100% | $15,761,980 |
| ESS | Essential Metals Ltd | 0 | -100% | -100% | -100% | -100% | $135,278,382 |
| AVZ | AVZ Minerals Ltd | 0 | -100% | -100% | -100% | -100% | $2,752,409,203 |
| AKE | Allkem Limited | 0 | -100% | -100% | -100% | -100% | $6,304,350,967 |
| MCR | Mincor Resources NL | 0 | -100% | -100% | -100% | -100% | $751,215,521 |
| TMT | Technology Metals | 0 | -100% | -100% | -100% | -100% | $67,134,856 |
Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:
Weekly Small Cap Standouts
The company says assay results from deeper drilling have discovered ‘substantially’ thicker mineralisation at its Horden Lake project in Québec, Canada – including 32.1m at 1.2% CuEq.
As well as demonstrating the continuity of the wide zone of shallow open-pittable copper mineralisation, the company says the results highlight the significant Au, Ag, PGM and Co by-products never previously assayed at the project.
“These results show clearly the tremendous potential for Horden Lake to deliver substantial exploration upside, with hole 98 showing the copper zone expanding at depth with one of the best intersections on the project,” MD Ivan Fairhall said.
“Most excitingly, we couple this with very strong DHEM conductors indicating this mineralisation has continuity along strike and clearly extends at depth.
“It is important to highlight that drilling has defined high grade mineralisation to over 550m in the central zone (and still open), and we now see no reason why the southern zone cannot achieve a similar, or possibly better, result.”
The company has announced plans to kick off aircore drilling later this year at its Skeleton Lakes nickel project in WA after completing a review of historical data from previous explorers.
The data review confirmed the prospectivity of the project for nickel mineralisation, particularly within the Nicoletti Trend – which is a +7.5km long east-west trend of magnetic stratigraphy, interpreted to be ultramafic rocks.
Previous drilling by Sipa at Nicoletti returned 16m at 0.4% Ni, 287ppm Co and 1.7% Cr; and 12m at 0.3% Ni, 200ppm Co and 0.5% Cr.
The planned aircore drilling will test to the east and west of the previous Sipa drilling, with a series of north-south traverses.
Lindian says a pre-feasibility study for Stage 1 of its Kangankunde rare earths project in Malawi has returned economically viable results that show an internal rate of return of a whopping 80%, predicting the project would be one of the cheapest operations in the world.
The PFS shows a maiden ore reserve of 23.7Mt could be used to produce ~15,300tpa of concentrate with a 55% TREO grade, resulting in the sale of ~8,400tpa of rare earths oxides and ~1640tpa of NdPr.
LIN says the project now boasts a net-present value of $831m with development costs coming in at just $60m and average all in sustaining costs over the life of the mine of just US$3.7/kg ($5.5/kg).
The strong economics have also boosted the company’s confidence in a potential Stage 2 expansion that would increase annual production.
