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

 

Only four battery gigafactories — super-sized producers of lithium-ion battery cells — were being planned in 2015.

In July 2021 that number hit 232 when Nissan officially confirmed a second ~$US622m lithium-ion battery plant in Sunderland, UK. The plant will have an initial annual capacity of 9GWh, with potential on-site for up to 35GWh.

Roskill’s Global Li-ion Battery Gigafactory Dataset now shows global Li-ion battery capacity in the development pipeline has exceeded 4,000 GWh.

Mammoth numbers like this need a lot of raw materials, it says.

“The forecast strain on raw materials markets may precipitate supply chain issues if investment in projects and expansions is not incentivised,” Roskill says.

That’s why battery makers are now actively participating in the mining and processing of raw materials “through co-developing and equity investment as well as deepening their existing business relationships with long-term purchase agreements”.

Recent examples of this include Piedmont Lithium’s (ASX:PLL) supply deal with Tesla, and battery maker LGES and steel producer POSCO’s investment in nickel-cobalt play Queensland Pacific Metals (ASX:QPM). There will certainly be many more to come.

Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, and vanadium are performing>>>

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

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
ESS Essential Metals 24 18 41 18 0.13 $ 21,085,816.50
ALY Alchemy Resource 23 14 -11 -22 0.016 $ 9,411,408.34
BAR Barra Resources 21 7 -18 15 0.023 $ 12,196,945.82
AOU Auroch Minerals 19 16 23 322 0.215 $ 56,317,574.20
HWK Hawkstone Mng 18 3 200 106 0.033 $ 54,649,141.83
PSC Prospect Res 16 61 71 233 0.29 $ 100,986,980.85
LIT Lithium Australia NL 16 11 70 166 0.1275 $ 108,789,697.92
SYA Sayona Mining 16 60 606 798 0.096 $ 499,908,451.38
AVZ AVZ Minerals 15 19 -5 258 0.19 $ 549,131,383.25
GLN Galan Lithium 14 42 157 593 1.04 $ 237,309,613.42
SBR Sabre Resources 13 -10 -61 50 0.0045 $ 7,573,786.42
LYC Lynas Rare Earths 12 16 37 217 6.32 $ 5,523,611,689.27
INR Ioneer 11 22 24 189 0.39 $ 704,458,075.65
ARN Aldoro Resources 11 27 147 300 0.42 $ 33,011,643.23
IXR Ionic Rare Earths 10 14 33 276 0.032 $ 103,596,784.45
LKE Lake Resources 10 43 387 900 0.38 $ 386,198,224.36
VUL Vulcan Energy 10 8 117 1536 8.75 $ 905,963,411.29
ASN Anson Resources 9 -1 111 222 0.074 $ 62,598,034.94
AXE Archer Materials 8 51 95 132 1.1 $ 221,818,882.35
S2R S2 Resources 8 -7 -26 8 0.14 $ 42,510,309.17
LPI Lithium Pwr Int 7 18 -17 32 0.225 $ 64,731,670.89
G88 Golden Mile Res 7 2 13 -15 0.062 $ 8,681,136.34
PNN PepinNini Minerals 7 8 -6 140 0.32 $ 14,121,032.31
MIN Mineral Resources. 7 22 46 157 59.19 $ 10,791,923,450.76
CTM Centaurus Metals 6 19 -5 71 0.83 $ 281,857,822.64
ADV Ardiden 6 -15 -60 -55 0.0085 $ 17,194,833.73
CLA Celsius Resource 6 -14 -41 89 0.036 $ 37,700,210.92
PLS Pilbara Min 5 12 40 458 1.5325 $ 4,319,483,418.40
AVL Aust Vanadium 5 -9 11 82 0.02 $ 55,692,017.47
FFX Firefinch 5 6 80 219 0.415 $ 359,273,671.61
BEM Blackearth Minerals 5 -9 128 163 0.105 $ 22,009,264.02
BHP BHP Group Limited 5 5 9 40 50.95 $ 145,760,726,975.12
AGY Argosy Minerals 5 -4 -8 100 0.11 $ 131,278,528.92
INF Infinity Lithium 4 52 -37 47 0.12 $ 48,318,546.72
CHN Chalice Mining 4 -12 60 539 7.385 $ 2,545,933,264.62
GME GME Resources 4 -10 -13 38 0.054 $ 27,843,346.50
NIC Nickel Mines Limited 4 1 -15 86 1.09 $ 2,653,355,648.81
SRI Sipa Resources 4 0 -13 -21 0.056 $ 9,694,202.20
IGO IGO Limited 4 11 14 69 8.26 $ 6,179,305,354.08
GBR Greatbould Resources 3 -5 82 155 0.089 $ 31,766,936.49
RFR Rafaella Resources 3 -2 9 24 0.093 $ 15,981,344.87
TNG TNG Limited 3 -9 -30 -26 0.064 $ 78,718,313.52
MCR Mincor Resources NL 3 2 -13 39 1.04 $ 447,499,941.26
MOH Moho Resources 3 -8 -22 -50 0.07 $ 7,745,655.15
NTU Northern Min 3 3 -5 84 0.035 $ 169,459,953.81
EUR European Lithium 3 -6 5 35 0.0565 $ 51,366,458.22
ORE Orocobre Limited 2 2 36 161 6.785 $ 2,272,747,765.20
NWC New World Resources 2 -11 39 585 0.089 $ 143,915,794.86
GXY Galaxy Resources 2 1 35 370 3.865 $ 1,891,204,408.72
NMT Neometals 2 -4 76 259 0.52 $ 286,309,414.65
VML Vital Metals Limited 2 -4 66 382 0.053 $ 211,865,887.28
HXG Hexagon Energy 1 -18 22 35 0.073 $ 32,559,009.37
REE Rarex Limited 1 -1 -40 -13 0.075 $ 32,650,740.30
OZL OZ Minerals 0 -12 6 84 22.18 $ 7,179,594,170.40
EMH European Metals Hldg 0 6 23 473 1.605 $ 198,676,566.45
AJM Altura Mining 0 0 0 13 0.07 $ 209,037,029.25
AML Aeon Metals . 0 -14 -44 -15 0.075 $ 50,817,729.53
ATM Aneka Tambang 0 0 0 0 1 $ 1,303,649.00
AUZ Australian Mines 0 21 12 161 0.023 $ 95,074,892.40
BSM Bass Metals 0 -17 0 100 0.005 $ 21,923,951.52
GAL Galileo Mining 0 0 10 2 0.27 $ 39,352,831.38
LML Lincoln Minerals 0 0 0 33 0.008 $ 4,599,869.49
LPD Lepidico 0 -8 -33 71 0.012 $ 73,824,989.35
MLS Metals Australia 0 -25 -25 -25 0.0015 $ 8,454,376.09
NKL Nickelx 0 13 0.17 $ 9,095,000.00
QXR Qx Resources Limited 0 7 0 -20 0.016 $ 10,661,797.14
RLC Reedy Lagoon Corp. 0 -11 -6 78 0.016 $ 7,520,418.66
TON Triton Min 0 -8 -33 -39 0.035 $ 38,571,914.28
VMC Venus Metals Cor 0 -5 -9 -30 0.2 $ 28,704,949.77
VRC Volt Resources 0 0 218 75 0.035 $ 85,389,555.48
WKT Walkabout Resources 0 13 65 54 0.215 $ 89,077,652.20
JRL Jindalee Resources 0 -12 219 628 2.47 $ 127,635,478.74
MLX Metals X Limited -1 -11 59 162 0.2225 $ 199,598,534.74
COB Cobalt Blue -2 -18 18 195 0.295 $ 78,203,101.40
SYR Syrah Resources -2 2 -7 234 1.07 $ 510,666,759.83
SRL Sunrise -2 -11 -34 54 1.775 $ 159,907,489.47
ARU Arafura Resource -2 -32 -18 115 0.1225 $ 168,299,734.63
BOA Boadicea Resources -2 -23 0 61 0.22 $ 17,093,976.90
ADD Adavale Resource -2 -9 40 314 0.087 $ 24,379,189.58
ARR American Rare Earths -2 5 4 400 0.085 $ 29,266,207.71
MNS Magnis Energy Tech -3 -4 40 213 0.2725 $ 229,887,327.42
PAN Panoramic Resources -3 -6 -14 111 0.15 $ 307,637,100.60
BKT Black Rock Mining -3 -12 32 184 0.145 $ 127,444,830.45
BSX Blackstone -3 -3 -21 41 0.3525 $ 116,141,266.50
PRL Province Resources -3 0 833 510 0.14 $ 161,263,172.60
GL1 Globallith -4 -5 0.26 $ 23,133,732.96
PAM Pan Asia Metals -4 -13 -4 0.13 $ 6,975,623.72
AZS Azure Minerals -4 -7 -52 100 0.25 $ 77,021,430.25
TLG Talga Group -4 -12 -33 106 1.275 $ 388,134,279.68
CZN Corazon -5 5 -22 -3 0.039 $ 7,919,111.62
JRV Jervois Mining -5 -6 20 242 0.565 $ 453,294,431.95
LTR Liontown Resources -5 39 86 668 0.845 $ 1,537,147,933.95
SGQ St George Min -5 -18 -32 -41 0.071 $ 41,832,556.53
FGR First Graphene -5 8 -21 126 0.26 $ 139,127,271.72
HAS Hastings Tech Met -6 3 -21 48 0.17 $ 295,537,395.22
IPT Impact Minerals -7 -7 -30 -7 0.014 $ 28,333,128.87
STK Strickland Metals -7 20 11 44 0.042 $ 33,098,769.32
EGR Ecograf Limited -7 -6 261 788 0.595 $ 274,398,409.99
PUR Pursuit Minerals -7 -15 100 1081 0.066 $ 60,852,918.46
RNU Renascor Res -7 -15 408 450 0.066 $ 123,994,969.03
TMT Technology Metals -7 0 -15 48 0.31 $ 48,056,978.24
PGM Platina Resources -8 16 73 102 0.085 $ 36,922,499.07
ESR Estrella Res -8 -21 -43 360 0.046 $ 54,616,055.78
CXO Core Lithium -8 -13 0 350 0.225 $ 264,176,382.15
LEG Legend Mining -9 -23 -17 -29 0.096 $ 272,758,436.38
QPM Queensland Pacific -9 -24 254 936 0.145 $ 168,258,660.50
GED Golden Deeps -10 13 13 35 0.0135 $ 10,086,068.72
CNJ Conico -10 -7 -13 225 0.026 $ 23,825,543.07
PLL Piedmont Lithium Inc -10 4 100 993 0.94 $ 543,177,016.00
ARL Ardea Resources -12 -1 -1 83 0.495 $ 66,256,425.12
PEK Peak Resources -12 -22 15 362 0.097 $ 154,779,948.52
SLZ Sultan Resources -12 -30 -18 3 0.185 $ 12,863,861.97
VR8 Vanadium Resources -12 12 63 128 0.057 $ 24,269,758.09
HNR Hannans -13 0 17 8 0.007 $ 16,519,840.34
POS Poseidon Nick -14 18 29 205 0.09 $ 247,228,506.98
RXL Rox Resources -14 -8 -46 -67 0.415 $ 66,195,197.88
CWX Carawine Resources -15 -2 -10 5 0.22 $ 23,955,778.44
MAN Mandrake Res -18 -42 56 250 0.14 $ 59,951,376.24
TKL Traka Resources -18 -13 -39 57 0.014 $ 8,103,441.09
DEV Devex Resources -18 -24 23 142 0.3025 $ 95,428,529.77
AQD Ausquest Limited -19 0 29 38 0.022 $ 18,110,176.28
BUX Buxton Resources -21 10 58 46 0.115 $ 17,687,206.16
MRC Mineral Commodities -29 -40 -65 -43 0.145 $ 67,282,819.94

 

WEEKLY SMALL CAP STANDOUTS

ESSENTIAL METALS (ASX:ESS)

A beneficiary of Barry ‘Garimpeiro’ FitzGerald’s magic touch.

While the explorer’s enterprise value is pretty much covered by two promising gold exploration projects on Kalgoorlie’s doorstep, Garimpeiro reckons Essential’s lithium upside is significant.

“Garimpeiro’s interest is in the about-to-start drilling program at Essential’s Pioneer Dome lithium project, 150km from Kalgoorlie,” he writes.

“It already sports an 11.2 million lithium resource grading a handy 1.21% lithium oxide from limited drilling campaigns in 2019/2020.

“Essential makes the point in a presentation on the ASX platform that its lithium peers command a value of $US291/t for their lithium resources while on an EV basis, its valuation metric sits back at $US75/t.

“The upcoming drilling campaign could close the valuation gap in a hurry, such is the renewed interest in lithium exploration results.”

 

AUROCH MINERALS (ASX:AOU)

An electromagnetic (EM) survey has identified a strongly conductive ‘body’ – typical of well-developed massive to semi-massive sulphide mineralisation — 1.8km south of the historic Nepean nickel mine in WA.

EM surveys map sub-surface changes in electrical conductivity and are useful tools for finding nickel sulphides.

This high-priority drill target – estimated at 60-100m vertical depth with a strike length of 120m — “will be tested immediately” with three drill-holes ranging between 150-250m depth, Auroch says.

 

PROSPECT RESOURCES (ASX:PSC)

One of June’s biggest movers, lithium mine developer Prospect has also started July on a strong note.

Its Arcadia project in Zimbabwe has a high grade JORC mineral resource of 43.2 million tonnes at 1.45% lithium oxide and 119 parts per million tantalum pentoxide for 61.5 million tonnes of lithium oxide and 11.3 million pounds of tantalum pentoxide.

The project’s DFS was updated in 2019, outlining a low-cost project with a pre-tax internal rate of return of 71% and payback within 18 months of first production.

The DFS mapped an estimated 15.5-year initial mine life – a substantial project of note in a country where lithium potential is largely untapped.

The project has offtake partners secured and with its pilot plant up and running looks to be one of the most advanced ASX-listed lithium projects.