High Voltage: ‘Inevitable’ – lithium prices are on the rise again

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.

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.