High Voltage: ‘Inevitable’ – lithium prices are on the rise again
Pic: iNueng, iStock / Getty Images Plus
- 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.
The inevitable is happening – #lithium prices are rising on the back of demand. Some trades were heard at 500k RMB. Spod con & industrial carb tight, so hydroxide price is closing the gap. New price highs are likely just around the corner. pic.twitter.com/6pEyu55nFp
— Rodney Hooper (@RodneyHooper13) August 15, 2022
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.
Atlantic Resources Charging The Change
“We are set to establish West Africa’s first lithium mine”
US$102m Fully Funded Ewoyaa Project to Production
Ghana, West Africa Ewoyaa Lithium Project – onwards and upwards!#ALL #Lithium #Ghana #Mining pic.twitter.com/Aw8aYuzYPX
— Atlantic Lithium (@AtlanticLithium) November 23, 2021
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 |
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.
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.
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