• New lithium prices highs “are just around the corner”, expert says
  • AIM-listed project developer Atlantic Lithium to dual list on ASX in $13m IPO
  • Top battery metals stocks last week: Korab Resources, Ragusa Minerals, Morella Corp

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

Battery metals expert Rodney Hooper says new lithium prices highs “are just around the corner” as demand kicks up a gear.

While lithium prices have held up remarkably well over the past few months as other metals prices have tumbled, the next leg up could be just around the corner.

In S&P Platt’s latest market commentary battery grade carbonate was assessed at Yuan 480,500/t ($US70,785/t) on August 12; up Yuan 500/t ($US73/t) for the week.

Some trades were heard at Yuan 500,000/t – or $US73,650/t — Hooper says in a tweet.

 

There’s another big ASX lithium IPO incoming

Gone are the carefree days of 2021 when any dog stock/spinout could list on the ASX and immediately swim in green. 2022 has been a desolate wasteland for IPOs … unless you’re a battery metals stock.

A significant chunk of the 22 stocks currently trading above their IPO price in 2022 are battery or critical minerals explorers, led by Oceana Lithium (ASX:OCN), NiCo (ASX:NC1) and Lithium Plus Minerals (ASX:LPM).

Hoping to join the bourse soon is AIM-listed Atlantic Lithium, which lodged its ASX prospectus earlier this week.

With an existing market cap of around $350m, Atlantic’s main game is the 30Mt Ewoyaa lithium project in Ghana, where it is funded through to production via a co-production agreement with fellow mine developer Piedmont Lithium (ASX:PLL).

Piedmont has the right to earn up to 50% at the project level for 50% SC6 spodumene concentrate offtake at market rates by solely funding US$17m towards studies and exploration and US$70m towards mine capex.

A project pre-feasibility study is due in the third calendar year quarter of 2022.

The company expects to raise ~$13m by selling 22.85m shares at 58c each.

 

 

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
KOR Korab Resources 95% 117% -17% 95% 0.039 $13,580,850.00
RAS Ragusa Minerals Ltd 91% 143% 194% 131% 0.185 $25,147,231.20
1MC Morella Corporation 56% 65% 22% -56% 0.028 $164,610,205.59
IPX Iperionx Limited 44% 39% 7% -14% 0.975 $124,856,756.99
LPM Lithium Plus 44% 70% 0% 0% 0.67 $31,232,740.00
AVW Avira Resources Ltd 43% 67% -17% 25% 0.005 $8,475,160.00
CMX Chemxmaterials 38% 38% -5% 0% 0.2 $8,341,335.18
DEV Devex Resources Ltd 37% 37% 5% 58% 0.41 $128,815,427.29
PLL Piedmont Lithium Inc 36% 93% 36% 7% 0.935 $490,640,844.00
AM7 Arcadia Minerals 33% 13% -22% -8% 0.18 $8,405,620.56
WC8 Wildcat Resources 32% 16% -12% 26% 0.029 $18,067,636.36
LRS Latin Resources Ltd 29% 84% 268% 150% 0.125 $223,770,921.04
OCN Oceanalithiumlimited 29% 85% 0% 0% 0.695 $18,438,750.00
IPT Impact Minerals 29% 29% -29% -29% 0.009 $19,850,964.45
LSR Lodestar Minerals 29% 38% 0% -10% 0.009 $15,645,936.13
RGL Riversgold 27% 41% 100% 8% 0.038 $30,074,299.40
CML Chase Mining Limited 25% 36% 15% -6% 0.015 $7,021,991.42
KZR Kalamazoo Resources 25% 17% -21% -26% 0.275 $40,654,424.72
SHH Shree Minerals Ltd 25% 11% -44% -9% 0.01 $12,384,868.92
LKE Lake Resources 25% 121% 58% 116% 1.34 $2,029,171,080.76
AUZ Australian Mines Ltd 24% 29% -52% -55% 0.089 $45,933,956.42
REE Rarex Limited 23% 27% -34% -24% 0.076 $41,604,637.27
CAE Cannindah Resources 22% 49% -7% 366% 0.275 $134,499,348.25
BUX Buxton Resources Ltd 22% 31% 13% 0% 0.105 $16,041,200.34
LNR Lanthanein Resources 22% 87% -13% 11% 0.028 $26,959,115.96
CZN Corazon Ltd 21% 35% -25% -38% 0.023 $11,596,280.58
MNS Magnis Energy Tech 21% 52% -2% 9% 0.44 $441,500,824.77
SBR Sabre Resources 20% 20% 20% 50% 0.006 $13,948,655.04
WML Woomera Mining Ltd 20% 20% 0% -27% 0.018 $12,019,578.66
GED Golden Deeps 19% 29% 41% 29% 0.0155 $18,483,627.42
KTA Krakatoa Resources 19% 22% 32% 22% 0.062 $22,406,144.61
GSM Golden State Mining 19% 50% -32% -53% 0.063 $6,985,279.14
ALY Alchemy Resource Ltd 19% 19% 58% 39% 0.019 $19,061,481.14
FGR First Graphene Ltd 19% 36% -11% -27% 0.16 $91,891,118.56
GBR Greatbould Resources 18% 36% -19% 25% 0.11 $46,515,939.03
ARN Aldoro Resources 18% 86% -31% -57% 0.26 $24,896,829.25
AAJ Aruma Resources Ltd 18% 29% -27% -8% 0.08 $12,399,958.74
ADD Adavale Resource Ltd 17% 16% -28% -53% 0.027 $10,496,951.95
PAM Pan Asia Metals 17% 26% -11% 162% 0.485 $33,633,710.11
PGD Peregrine Gold 17% 104% 36% 112% 0.91 $35,989,765.90
TSC Twenty Seven Co. Ltd 17% 17% -13% -13% 0.0035 $10,643,255.62
CNJ Conico Ltd 15% 50% 279% -24% 0.045 $55,701,511.20
NWM Norwest Minerals 15% 70% -16% -37% 0.046 $8,669,154.58
TNG TNG Limited 14% 82% 85% 40% 0.12 $152,726,004.42
GAL Galileo Mining Ltd 14% -3% 500% 234% 1.17 $228,993,581.60
LMG Latrobe Magnesium 14% 42% 0% 483% 0.105 $151,397,221.75
NC1 Nicoresourceslimited 14% 10% 51% 0% 0.9 $84,408,001.92
EMH European Metals Hldg 14% 45% -25% -54% 0.95 $111,322,986.48
KGD Kula Gold Limited 13% -2% -28% -48% 0.028 $5,594,566.43
AVL Aust Vanadium Ltd 13% 43% 61% 71% 0.053 $209,077,364.40
ADV Ardiden Ltd 13% 50% -40% -36% 0.009 $24,015,018.20
AR3 Austrare 13% 7% -45% -62% 0.45 $39,984,651.84
ENV Enova Mining Limited 13% 13% -10% -22% 0.018 $6,609,871.12
HXG Hexagon Energy 13% -18% -68% -77% 0.018 $9,232,486.22
PUR Pursuit Minerals 13% 13% -28% -72% 0.018 $17,879,385.49
IG6 Internationalgraphit 12% 31% 0% 0% 0.32 $25,668,754.02
SYA Sayona Mining Ltd 12% 104% 139% 90% 0.275 $2,323,362,267.80
E25 Element 25 Ltd 12% 42% -37% -61% 0.74 $114,532,776.75
PNT Panthermetalsltd 12% 18% -2% 0% 0.235 $6,380,000.00
RAG Ragnar Metals Ltd 12% 21% 42% -2% 0.047 $17,442,504.89
GSR Greenstone Resources 11% 55% 84% 258% 0.068 $74,582,211.92
CRR Critical Resources 11% 51% -41% 127% 0.059 $95,232,975.30
CMO Cosmometalslimited 11% -19% -25% 0% 0.15 $3,826,500.00
THR Thor Mining PLC 11% 11% -29% -33% 0.01 $10,755,643.90
PAN Panoramic Resources 11% 42% -2% 42% 0.255 $492,219,360.96
ASN Anson Resources Ltd 11% 41% 29% 35% 0.155 $164,465,973.60
IMI Infinitymining 11% 15% -21% 0% 0.155 $8,625,000.00
FG1 Flynngold 10% -9% -40% -38% 0.096 $6,085,799.75
ENT Enterprise Metals 10% 10% -27% -8% 0.011 $7,182,787.57
DTM Dart Mining NL 10% 23% -7% -27% 0.08 $10,820,812.80
CXO Core Lithium 10% 66% 99% 314% 1.49 $2,799,447,621.50
AOA Ausmon Resorces 9% 0% -14% 0% 0.006 $4,715,091.39
AOU Auroch Minerals Ltd 9% 14% -42% -64% 0.067 $25,879,125.93
ZNC Zenith Minerals Ltd 9% 24% -10% 50% 0.315 $106,876,306.49
VUL Vulcan Energy 9% 58% 2% -37% 9.13 $1,345,918,476.39
AX8 Accelerate Resources 8% 34% -7% 0% 0.039 $10,006,979.26
CLA Celsius Resource Ltd 8% -13% -54% -52% 0.013 $19,291,357.06
RBX Resource B 8% 4% -30% -28% 0.13 $5,736,709.58
LTR Liontown Resources 8% 83% 25% 105% 1.74 $3,896,664,415.40
EGR Ecograf Limited 8% 98% -18% -51% 0.485 $220,663,394.91
JMS Jupiter Mines. 8% 16% -4% -28% 0.215 $421,183,072.10
PRL Province Resources 7% 75% 16% -17% 0.145 $171,135,255.74
COB Cobalt Blue Ltd 7% 52% 87% 263% 0.945 $282,539,337.33
AML Aeon Metals Ltd. 7% 7% -35% -50% 0.03 $31,709,492.42
TON Triton Min Ltd 7% 100% -6% -23% 0.03 $35,245,956.96
GT1 Greentechnology 7% 28% -1% 0% 0.77 $142,808,973.33
S2R S2 Resources 7% 19% -11% 11% 0.155 $57,019,976.80
PLS Pilbara Min Ltd 7% 33% 6% 36% 3.17 $9,615,220,280.32
ODE Odessa Minerals Ltd 7% 23% 7% 220% 0.016 $9,131,568.84
HAS Hastings Tech Met 7% 19% -14% 7% 4.71 $468,692,647.50
AZS Azure Minerals 6% 31% -35% 9% 0.255 $76,130,251.65
SRZ Stellar Resources 6% 6% -47% -29% 0.017 $14,268,144.64
SUM Summitminerals 6% 0% 0% 0% 0.17 $4,080,045.75
TMB Tambourahmetals 6% 17% -29% -22% 0.175 $7,002,741.66
LEG Legend Mining 6% 4% -24% -35% 0.053 $151,532,464.66
GL1 Globallith 6% 83% 43% 371% 1.885 $309,461,599.20
AXE Archer Materials 6% 61% -7% -60% 0.94 $239,770,854.76
JRV Jervois Global Ltd 5% -1% -23% -3% 0.48 $737,079,216.09
POS Poseidon Nick Ltd 5% 50% -33% -48% 0.06 $174,645,692.98
FRB Firebird Metals 5% 0% -42% -60% 0.21 $11,022,439.68
MQR Marquee Resource Ltd 5% 32% -28% 43% 0.087 $29,352,434.94
AKE Allkem Limited 5% 29% 41% 32% 12.56 $8,174,776,662.52
BRB Breaker Res NL 5% 22% -8% 5% 0.225 $76,572,618.32
MIN Mineral Resources. 5% 40% 25% -2% 60.57 $11,517,472,438.41
MMC Mitremining 5% -8% -39% 0% 0.115 $3,114,786.50
STM Sunstone Metals Ltd 4% 17% -42% 81% 0.049 $129,822,320.95
BSX Blackstone Ltd 4% 43% -48% -45% 0.25 $127,770,810.75
RFR Rafaella Resources 4% -22% -58% -74% 0.025 $7,020,596.23
S32 South32 Limited 4% 20% -8% 36% 4.08 $18,884,000,862.72
IXR Ionic Rare Earths 4% 44% 0% 51% 0.056 $220,738,480.44
NIC Nickel Industries 4% 25% -19% 1% 1.12 $3,099,995,419.10
NTU Northern Min Ltd 4% 9% -15% 9% 0.0425 $194,419,651.96
IGO IGO Limited 4% 33% 3% 25% 12.33 $9,261,385,352.99
GW1 Greenwing Resources 4% 21% -15% 16% 0.29 $35,125,494.47
BHP BHP Group Limited 4% 12% -6% -14% 40.51 $197,025,618,554.80
INF Infinity Lithium 3% 30% -6% 50% 0.15 $64,327,025.23
SGQ St George Min Ltd 3% -12% -36% -54% 0.03 $21,000,534.24
LPD Lepidico Ltd 3% 15% -6% 48% 0.031 $208,230,119.46
EFE Eastern Resources 3% 28% -41% 78% 0.032 $32,943,871.32
OMH OM Holdings Limited 3% -3% -31% -11% 0.65 $494,877,635.79
SCN Scorpion Minerals 3% -1% -6% -7% 0.067 $21,900,858.67
INR Ioneer Ltd 3% 61% 23% 41% 0.7 $1,521,147,205.10
NWC New World Resources 3% 17% -41% -53% 0.035 $68,335,404.41
JRL Jindalee Resources 3% 15% -1% -26% 2.84 $165,825,211.74
LYC Lynas Rare Earths 3% 23% 13% 29% 9.95 $8,924,850,269.06
MCR Mincor Resources NL 2% 26% 16% 62% 2.08 $1,012,378,381.30
CTM Centaurus Metals Ltd 2% 20% -12% 10% 1.055 $457,003,712.11
PEK Peak Rare Earths Ltd 2% 37% -21% -32% 0.635 $133,739,806.37
KFM Kingfisher Mining 2% 0% -8% 29% 0.225 $7,876,350.23
MRC Mineral Commodities 2% 5% -28% -40% 0.09 $48,194,157.06
TLG Talga Group Ltd 2% 20% -3% -6% 1.37 $423,914,581.41
MAN Mandrake Res Ltd 2% 38% -6% -39% 0.047 $25,388,746.20
A8G Australasian Metals 2% 33% -50% 96% 0.265 $11,733,590.79
SYR Syrah Resources 2% 39% 16% 9% 1.59 $1,068,798,030.36
WR1 Winsome Resources 2% 54% -29% 0% 0.27 $40,534,198.20
GLN Galan Lithium Ltd 2% 42% 0% 14% 1.375 $436,997,738.84
PVW PVW Res Ltd 2% 2% -58% 75% 0.28 $25,581,015.63
ILU Iluka Resources 2% 26% -8% 10% 10.14 $4,318,727,030.46
OZL OZ Minerals 2% 62% 1% 13% 26.01 $8,599,600,051.91
VR8 Vanadium Resources 1% -1% -6% 22% 0.073 $35,039,915.68
ASO Aston Minerals Ltd 1% -5% -38% -31% 0.09 $105,785,438.73
NMT Neometals Ltd 1% 48% 13% 75% 1.395 $781,570,308.82
PNN Power Minerals Ltd 1% 46% 48% 62% 0.59 $35,692,480.80
AQD Ausquest Limited 0% -10% 12% -5% 0.019 $15,677,835.24
ATM Aneka Tambang 0% -4% 5% 15% 1.15 $1,499,196.35
AVZ AVZ Minerals Ltd 0% 0% 7% 218% 0.78 $2,752,409,203.44
AZL Arizona Lithium Ltd 0% 18% -23% 117% 0.1 $252,517,183.91
AZL Arizona Lithium Ltd 0% 18% -23% 117% 0.1 $252,517,183.91
BEM Blackearth Minerals 0% 34% -10% -21% 0.099 $27,034,622.20
BMM Balkanminingandmin 0% 5% -38% -71% 0.2 $6,550,000.00
BNR Bulletin Res Ltd 0% 22% 40% 155% 0.14 $45,351,620.50
BOA Boadicea Resources 0% -14% -30% -38% 0.15 $10,877,985.30
CWX Carawine Resources 0% 0% -27% -51% 0.11 $15,161,778.17
ESR Estrella Res Ltd 0% 6% -41% -60% 0.017 $22,566,911.68
EVR Ev Resources Ltd 0% 21% -38% 10% 0.034 $31,483,458.41
FFX Firefinch Ltd 0% 0% -11% 1% 0.2 $236,248,644.20
FRS Forrestaniaresources 0% 14% -54% 0% 0.165 $4,973,808.64
G88 Golden Mile Res Ltd 0% 7% -44% -46% 0.03 $6,111,978.42
GME GME Resources Ltd 0% 35% 52% 79% 0.1 $60,040,101.80
HNR Hannans Ltd 0% 0% -36% 204% 0.021 $54,731,701.00
LML Lincoln Minerals 0% 0% 0% 0% 0.008 $4,599,869.49
MRD Mount Ridley Mines 0% 0% -38% 67% 0.005 $29,320,142.20
MRR Minrex Resources Ltd 0% 90% -2% 228% 0.059 $62,548,670.70
MTM Mtmongerresources 0% 0% -29% -51% 0.12 $5,063,854.46
RR1 Reach Resources Ltd 0% 33% -50% -43% 0.004 $7,640,202.56
SLZ Sultan Resources Ltd 0% 51% -10% -23% 0.14 $12,492,658.35
TEM Tempest Minerals 0% -2% 100% 135% 0.044 $22,714,477.92
TKL Traka Resources 0% 40% -53% -50% 0.007 $4,821,421.93
VIA Viagold Rare Earth 0% 0% 0% 2339% 2 $166,624,808.00
VRC Volt Resources Ltd 0% 25% 0% -38% 0.02 $69,733,939.32
WKT Walkabout Resources 0% 0% -19% -14% 0.215 $97,239,149.08
CNB Carnaby Resource Ltd -1% -17% -31% 197% 0.965 $144,560,894.00
ARU Arafura Resource Ltd -2% -3% 49% 123% 0.29 $517,371,469.50
NVA Nova Minerals Ltd -2% 19% 0% -18% 0.865 $154,973,965.10
LEL Lithenergy -2% 59% 11% 51% 1.07 $48,084,750.00
CHR Charger Metals -2% 20% -25% -23% 0.53 $17,430,853.73
LRV Larvottoresources -2% 38% 2% 0% 0.255 $10,383,125.00
FTL Firetail Resources -2% 25% 0% 0% 0.25 $15,754,537.50
LOT Lotus Resources Ltd -2% 15% -4% 52% 0.235 $235,373,354.40
QEM QEM Limited -2% 27% 38% 27% 0.235 $30,022,458.48
SRI Sipa Resources Ltd -2% 26% -10% -30% 0.044 $8,816,066.53
ARL Ardea Resources Ltd -2% 29% 44% 131% 1.07 $173,132,527.44
VMC Venus Metals Cor Ltd -3% 6% -11% -11% 0.17 $27,213,376.11
PGM Platina Resources -3% 23% -40% -56% 0.032 $14,458,725.50
MLS Metals Australia -3% 35% 55% 55% 0.062 $38,626,460.99
EMS Eastern Metals -3% -7% -38% 0% 0.14 $5,605,156.25
QPM Queensland Pacific -3% 12% -15% -32% 0.14 $218,905,838.34
LIT Lithium Australia -4% 15% -29% -43% 0.082 $91,116,020.60
AGY Argosy Minerals Ltd -4% 23% 18% 155% 0.395 $559,678,374.46
LPI Lithium Pwr Int Ltd -4% 55% 0% 97% 0.62 $226,944,151.20
NKL Nickelxltd -4% -8% -27% -49% 0.12 $8,073,000.00
TMT Technology Metals -5% -12% 3% -18% 0.345 $73,438,594.95
ESS Essential Metals Ltd -6% 42% 29% 130% 0.505 $132,050,342.45
CHN Chalice Mining Ltd -6% 25% -36% -21% 4.78 $1,832,567,334.78
RLC Reedy Lagoon Corp. -6% -16% -43% -27% 0.016 $8,918,830.59
NVX Novonix Limited -6% 45% -49% -29% 2.93 $1,484,373,707.20
ARR American Rare Earths -7% 54% -10% 163% 0.355 $140,475,252.28
DVP Develop Global Ltd -7% 34% -19% -33% 2.5 $394,965,653.95
AZI Altamin Limited -7% -14% 28% 5% 0.083 $34,862,790.93
AZI Altamin Limited -7% -14% 28% 5% 0.083 $34,862,790.93
MOH Moho Resources -7% 29% -52% -56% 0.027 $4,470,504.16
RXL Rox Resources -7% 2% -37% -36% 0.27 $47,303,465.16
STK Strickland Metals -7% -7% -12% 33% 0.053 $70,469,190.06
WIN Widgienickellimited -7% 6% -1% 0% 0.33 $80,064,000.00
AS2 Askarimetalslimited -7% 86% 15% 73% 0.39 $18,478,400.70
RMX Red Mount Min Ltd -7% 8% -35% -28% 0.0065 $10,675,365.08
GRE Greentechmetals -8% 24% 11% 0% 0.305 $9,227,599.71
WCN White Cliff Min Ltd -8% -8% -60% -4% 0.012 $7,843,240.34
AKN Auking Mining Ltd -8% 60% -36% -34% 0.115 $11,960,953.32
CZL Cons Zinc Ltd -8% 22% -15% -24% 0.022 $8,521,871.89
VML Vital Metals Limited -8% 10% -2% -41% 0.044 $229,845,902.92
RNU Renascor Res Ltd -9% 31% -26% 110% 0.21 $464,569,280.68
EMT Emetals Limited -9% -17% -44% -52% 0.01 $7,650,000.00
EUR European Lithium Ltd -9% 31% -15% 19% 0.089 $124,621,286.58
MLX Metals X Limited -9% -5% -49% 7% 0.29 $258,570,829.10
BYH Bryah Resources Ltd -10% 0% -49% -50% 0.028 $6,560,008.08
SRL Sunrise -10% 21% 48% 44% 2.71 $243,156,273.30
EMN Euromanganese -11% 29% -19% -51% 0.375 $97,992,128.47
BKT Black Rock Mining -11% 14% -33% 0% 0.165 $166,144,257.88
CAI Calidus Resources -11% 11% -1% 45% 0.68 $277,393,051.44
KAI Kairos Minerals Ltd -12% 38% 12% 0% 0.029 $56,958,711.24
QXR Qx Resources Limited -12% 33% 0% 200% 0.036 $32,655,768.20
KOB Kobaresourceslimited -15% -10% 0% 0% 0.14 $9,100,000.00
WMG Western Mines -15% 12% -22% -26% 0.14 $5,311,712.50
PSC Prospect Res Ltd -25% 115% 162% 473% 0.105 $48,537,243.51
CLZ Classic Min Ltd -30% -44% -85% -85% 0.023 $5,870,685.06
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WEEKLY SMALL CAP STANDOUTS

KORAB RESOURCES (ASX:KOR) +95%

The explorer may’ve got a boost from our must-read story on magnesium, which could see a doubling of demand in eight years.

In November, KOR pulled the pin on the planned sale of its increasingly valuable Winchester magnesium project in the Northern Territory.

This followed approaches from two separate groups expressing an interest in developing ‘Winchester’, and discussions with magnesium metal users and magnesium buyers, including car makers Fiat and Daimler.

In May 2022, KOR inked a non-binding deal to potentially supply magnesium metal from Winchester to Speira, a leading global manufacturer of advanced rolled aluminium/magnesium products.

The company is currently engaged in a scoping study evaluating the economics “of an environmentally friendly production method to produce sustainable, zero-carbon, green magnesium metal together with several additional sellable bonus products”.

 

RAGUSA MINERALS (ASX:RAS) +91%

This explorer acquired the early stage Northern Territory lithium project back in May.

At the time, RAS chair Jerko Zuvela said the acquisition would see the company create a ‘supergroup’ project area comparable to neighbours Core Lithium (ASX:CXO) and Lithium Plus (ASX:LPM).

Last week, initial desktop review works indicated there was high-grade lithium-gold across the site with rock chip samples returning 5.46% Li20, 2.27g/t gold, and 4.59g/t gold.

RAS has completed planning of an initial drilling program.

 

MORELLA CORP (ASX:1MC) +56%

Last week, the stock formerly known as Altura Mining secured its second Nevada lithium project.

North Big Smoky “straddles structural features that can be traced on the surface and have been assessed to be a potential conduit for lithium mineralisation in sediments and brines”, it says.

Last quarter, the company drilled seven holes into its Mallina hard rock lithium project in the Pilbara. Results are pending.