High Voltage: Lilac's DLE tech lives up to the hype

Lilac is at an inflection point in innovating Direct Lithium Extraction tech
The tech promises to lower cost and is a more sustainable extraction from brines
Lilac’s backed by BMW I Ventures investment

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

Lilac Solutions – known for its ion exchange direct lithium extraction tech – says its not just hype, the technology could close the gap to unlock the commercial viability of lithium brine resources to meet future EV demand.

Evaporation ponds are the simplest way to extract lithium from brine, but they have only been successful on a large scale at two projects in the Atacama Desert, where brine has the world’s highest lithium concentration – around 2000ppm. And even with these high lithium grades, evaporation ponds typically recover only around 50% of the lithium.

DLE tech has been around for years in water treatment, but now lithium brine players are looking to the tech to produce higher quality and more environmentally friendly lithium – essentially because brine is pumped into a tank where ion exchange beads latch onto the lithium and then the remaining water is then released (sans lithium) back into the aquifer, meaning less of an environmental footprint for a project.

Although it’s yet to be proved on a commercial scale for lithium extraction, Lilac president and chief technology officer David Snydacker says the tech promises to “redefine the lithium industry with a new approach to brine production that is low cost, environmentally friendly, and scalable.”

“It’s a pivotal time for the lithium industry,” he said. “As China achieves unparalleled economies of scale across the electric vehicle supply chain, U.S. and European companies are working to adopt new technologies to reduce costs and build diversified supply chains.

“For lithium producers, this means adopting new technology to unlock brine resources with lower costs and at new sites closer to home.

“These [DLE] technologies are designed to harvest lithium from diverse brine resources around the world, including not only traditional salt flats but also lakes, oilfields, and geothermal power plants.

“Unlocking the commercial viability of these brine resources will empower us to meet future EV battery demand with a more affordable and more diversified supply chain.”

Economic lithium extraction on the cards

Lilac is working on its own lithium extraction project on Utah’s Great Salt Lake, and has successfully completed a demonstration plant for Lake Resources (ASX:LKE) Kachi demonstration plant in Argentina.

They even scored an investment from BMW I Ventures – so it’s fair to say there’s some hardcore followers hopeful the tech will lead to the lithium promised land.

Syndacker says Lilac’s Ion Exchange (IX) technology can handle a wide variety of brine chemistries, all while delivering high lithium recoveries at a low cost of production.

“This technology also reduces consumption of fresh water by 10x,” he said.

“This breakthrough enables large-scale lithium production with attractive project economics for brine resources in the U.S. and around the world.”

He’s confident the tech will only get better and better, and that we’re at an inflection point for DLE innovation.

“We are on the verge of transforming lithium production with a technology that promises to deliver faster, cleaner, and cheaper lithium extraction for brine resources globally,” he said.

“With IX technology leading the way, we’re setting a new standard for modern lithium extraction, making it more efficient, sustainable, and scalable to support the electric vehicle revolution.”

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%	0%	19900%	0%	$17,528,272
AR3	Austrare	0.17	127%	162%	70%	-26%	$27,643,655
ODE	Odessa Minerals Ltd	0.004	100%	33%	-33%	-67%	$4,173,130
IMI	Infinitymining	0.035	94%	94%	-49%	-77%	$5,836,998
RIL	Redivium Limited	0.005	67%	25%	25%	-38%	$13,734,274
CTN	Catalina Resources	0.004	60%	100%	0%	0%	$4,953,948
RLC	Reedy Lagoon Corp.	0.003	50%	0%	-25%	-57%	$1,858,622
VML	Vital Metals Limited	0.003	50%	50%	-25%	-70%	$11,790,134
G88	Golden Mile Res Ltd	0.015	50%	67%	25%	-48%	$4,934,674
AS2	Askarimetalslimited	0.03	50%	50%	-42%	-84%	$3,040,175
MHC	Manhattan Corp Ltd	0.0015	50%	50%	-40%	-74%	$4,638,800
LMG	Latrobe Magnesium	0.044	47%	29%	-12%	5%	$100,987,107
LU7	Lithium Universe Ltd	0.014	33%	8%	-26%	-72%	$7,126,963
REC	Rechargemetals	0.032	33%	10%	-36%	-83%	$4,470,079
BUR	Burleyminerals	0.066	32%	-37%	-3%	-57%	$9,924,482
FRS	Forrestaniaresources	0.017	31%	13%	6%	-62%	$2,750,358
PFE	Panteraminerals	0.03	30%	7%	-32%	-47%	$10,612,748
NVX	Novonix Limited	0.7225	30%	21%	-23%	-11%	$382,653,921
LLI	Loyal Lithium Ltd	0.155	29%	19%	-49%	-77%	$14,373,625
GRE	Greentechmetals	0.125	29%	40%	-48%	-70%	$10,384,997
KOB	Kobaresourceslimited	0.135	29%	8%	17%	69%	$21,405,818
BMM	Balkanminingandmin	0.057	27%	6%	-8%	-72%	$4,732,228
MIN	Mineral Resources.	52.17	26%	32%	-27%	-23%	$10,325,087,454
LPM	Lithium Plus	0.12	26%	33%	-20%	-75%	$15,940,800
RGL	Riversgold	0.005	25%	25%	-29%	-62%	$6,637,313
TAR	Taruga Minerals	0.01	25%	43%	67%	-9%	$7,060,268
GL1	Globallith	0.24	23%	-2%	-51%	-83%	$65,146,972
JRV	Jervois Global Ltd	0.0135	23%	35%	-46%	-65%	$35,135,929
COB	Cobalt Blue Ltd	0.087	23%	24%	-40%	-67%	$35,065,404
CXO	Core Lithium	0.1225	23%	33%	-21%	-72%	$267,876,943
PLL	Piedmont Lithium Inc	0.15	20%	15%	-27%	-77%	$53,356,160
ADD	Adavale Resource Ltd	0.003	20%	-14%	-50%	-75%	$3,671,296
AKN	Auking Mining Ltd	0.006	20%	-33%	-73%	-91%	$1,410,281
WR1	Winsome Resources	0.6	19%	17%	-32%	-58%	$134,127,200
HRE	Heavy Rare Earths	0.038	19%	19%	3%	-58%	$2,457,905
SYA	Sayona Mining Ltd	0.033	18%	27%	-13%	-69%	$349,972,064
SYR	Syrah Resources	0.3	18%	36%	-41%	-44%	$346,688,742
SYR	Syrah Resources	0.3	18%	36%	-41%	-44%	$346,688,742
MOH	Moho Resources	0.007	17%	56%	40%	0%	$3,774,247
RR1	Reach Resources Ltd	0.014	17%	0%	-7%	-80%	$12,242,039
RR1	Reach Resources Ltd	0.014	17%	0%	-7%	-80%	$12,242,039
SRN	Surefire Rescs NL	0.007	17%	8%	-22%	-50%	$13,904,155
FIN	FIN Resources Ltd	0.007	17%	17%	-59%	-42%	$3,246,344
EMS	Eastern Metals	0.022	16%	5%	-24%	-33%	$2,273,525
1AE	Auroraenergymetals	0.053	15%	0%	-52%	-66%	$9,490,378
CNB	Carnaby Resource Ltd	0.425	15%	1%	-31%	-51%	$73,933,016
HAS	Hastings Tech Met	0.315	15%	11%	-18%	-54%	$55,151,971
CHN	Chalice Mining Ltd	1.6	14%	55%	44%	-30%	$643,839,334
VRC	Volt Resources Ltd	0.004	14%	0%	-33%	-50%	$12,476,034
POS	Poseidon Nick Ltd	0.004	14%	0%	-27%	-77%	$16,815,502
AXE	Archer Materials	0.21	14%	-13%	-62%	-58%	$54,792,108
AZL	Arizona Lithium Ltd	0.017	13%	13%	-35%	6%	$71,581,032
DRE	Dreadnought Resources Ltd	0.017	13%	0%	-6%	-65%	$67,545,000
CTM	Centaurus Metals Ltd	0.515	13%	39%	72%	-24%	$248,350,607
ASM	Ausstratmaterials	0.57	13%	4%	-61%	-63%	$106,978,585
MEK	Meeka Metals Limited	0.062	13%	0%	77%	63%	$91,424,098
A11	Atlantic Lithium	0.27	13%	15%	-28%	-42%	$165,665,609
KNG	Kingsland Minerals	0.225	13%	36%	-15%	-8%	$14,133,454
LTR	Liontown Resources	0.77	12%	8%	-33%	-74%	$1,952,128,928
NC1	Nicoresourceslimited	0.11	12%	-19%	-21%	-74%	$10,945,058
BCA	Black Canyon Limited	0.065	12%	3%	-41%	-46%	$5,314,105
EVG	Evion Group NL	0.028	12%	17%	33%	-24%	$9,714,969
WC8	Wildcat Resources	0.28	12%	6%	-58%	-43%	$368,719,289
PMT	Patriotbatterymetals	0.43	12%	-2%	-51%	-65%	$274,685,093
VMC	Venus Metals Cor Ltd	0.067	12%	-8%	-28%	-46%	$11,963,850
BC8	Black Cat Syndicate	0.48	12%	35%	100%	129%	$210,695,597
SMX	Strata Minerals	0.029	12%	16%	-3%	-49%	$5,533,640
WCN	White Cliff Min Ltd	0.021	11%	40%	40%	75%	$34,217,136
AQD	Ausquest Limited	0.011	10%	0%	0%	-15%	$9,087,641
TON	Triton Min Ltd	0.011	10%	22%	-21%	-52%	$18,820,665
SRZ	Stellar Resources	0.0165	10%	-3%	27%	38%	$34,315,334
STM	Sunstone Metals Ltd	0.0055	10%	-31%	-66%	-63%	$21,629,518
FTL	Firetail Resources	0.11	10%	67%	189%	16%	$32,131,054
AXN	Alliance Nickel Ltd	0.045	10%	32%	32%	-31%	$32,662,783
GW1	Greenwing Resources	0.046	10%	-21%	-31%	-67%	$10,861,758
IGO	IGO Limited	5.845	9%	8%	-18%	-54%	$4,430,016,706
QPM	Queensland Pacific	0.035	9%	3%	-13%	-45%	$90,762,439
CY5	Cygnus Metals Ltd	0.085	9%	21%	63%	-50%	$31,901,931
WMG	Western Mines	0.25	9%	-4%	52%	-14%	$18,733,237
AGY	Argosy Minerals Ltd	0.039	8%	-13%	-70%	-80%	$53,869,075
HXG	Hexagon Energy	0.026	8%	18%	4%	189%	$12,822,898
ICL	Iceni Gold	0.039	8%	8%	77%	-50%	$10,637,681
S32	South32 Limited	3.715	8%	20%	21%	6%	$16,890,721,550
DYM	Dynamicmetalslimited	0.2	8%	48%	5%	-2%	$7,200,000
IPX	Iperionx Limited	3.42	8%	23%	51%	131%	$896,198,644
ARU	Arafura Rare Earths	0.1725	8%	8%	-16%	-35%	$431,257,521
REE	Rarex Limited	0.014	8%	17%	-18%	-59%	$10,271,710
ARR	American Rare Earths	0.295	7%	13%	31%	119%	$143,382,757
DEV	Devex Resources Ltd	0.155	7%	-21%	-48%	-59%	$68,462,054
NMT	Neometals Ltd	0.1175	7%	40%	-13%	-66%	$75,888,790
LTM	Arcadium Lithium PLC	4.08	7%	5%	-39%	0%	$1,415,662,892
QEM	QEM Limited	0.096	7%	-30%	-35%	-48%	$15,139,171
AVL	Aust Vanadium Ltd	0.016	7%	14%	0%	-43%	$138,120,396
EMH	European Metals Hldg	0.16	7%	-16%	-45%	-76%	$33,191,153
JLL	Jindalee Lithium Ltd	0.245	7%	2%	-66%	-85%	$17,306,182
BHP	BHP Group Limited	45.45	6%	13%	1%	2%	$228,629,987,531
DVP	Develop Global Ltd	2.32	6%	8%	-3%	-30%	$639,456,408
ARN	Aldoro Resources	0.083	6%	-6%	15%	-5%	$11,173,771
IXR	Ionic Rare Earths	0.0085	6%	42%	-53%	-65%	$43,827,864
MQR	Marquee Resource Ltd	0.017	6%	-6%	-11%	-41%	$7,078,534
CHR	Charger Metals	0.09	6%	7%	-14%	-33%	$6,658,142
ITM	Itech Minerals Ltd	0.073	6%	-13%	-6%	-46%	$12,463,683
PLS	Pilbara Min Ltd	3.12	6%	10%	-19%	-26%	$9,968,015,072
GT1	Greentechnology	0.095	6%	3%	-32%	-79%	$33,511,449
NWC	New World Resources	0.02	5%	-5%	-53%	-33%	$56,805,634
LEL	Lithenergy	0.33	5%	2%	-36%	-41%	$34,720,486
ZNC	Zenith Minerals Ltd	0.045	5%	7%	-52%	-61%	$15,857,140
NIC	Nickel Industries	0.91	5%	12%	9%	21%	$3,925,176,040
KM1	Kalimetalslimited	0.12	4%	-25%	-74%	0%	$8,835,177
TLG	Talga Group Ltd	0.38	4%	-19%	-50%	-69%	$162,933,301
LRS	Latin Resources Ltd	0.2125	4%	9%	15%	-25%	$630,319,379
NVA	Nova Minerals Ltd	0.145	4%	-6%	-42%	-34%	$39,430,848
OCN	Oceanalithiumlimited	0.031	3%	3%	-46%	-86%	$2,557,438
RVT	Richmond Vanadium	0.31	3%	0%	11%	-19%	$26,724,420
CWX	Carawine Resources	0.097	3%	7%	-10%	-34%	$22,904,169
IG6	Internationalgraphit	0.073	3%	3%	-57%	-61%	$14,129,758
ILU	Iluka Resources	6.775	3%	12%	-8%	-13%	$2,920,529,016
LKE	Lake Resources	0.039	3%	-5%	-41%	-78%	$65,072,312
NTU	Northern Min Ltd	0.0195	3%	-22%	-41%	-30%	$129,167,304
CMX	Chemxmaterials	0.04	3%	8%	-20%	-56%	$5,160,893
S2R	S2 Resources	0.082	3%	-25%	-39%	-53%	$37,134,355
EG1	Evergreenlithium	0.042	2%	-2%	-60%	-85%	$2,361,660
LIT	Lithium Australia	0.0215	2%	8%	-26%	-35%	$27,326,469
CAE	Cannindah Resources	0.044	2%	-2%	-27%	-62%	$25,435,518
VR8	Vanadium Resources	0.046	2%	21%	2%	-21%	$24,755,509
GLN	Galan Lithium Ltd	0.1175	2%	-7%	-73%	-81%	$74,508,046
DLI	Delta Lithium	0.24	2%	17%	-16%	-68%	$167,650,678
PAM	Pan Asia Metals	0.055	2%	-20%	-66%	-73%	$10,804,533
HAW	Hawthorn Resources	0.058	2%	-6%	-17%	-37%	$19,430,906
VUL	Vulcan Energy	4.21	2%	10%	47%	45%	$812,974,627
OMH	OM Holdings Limited	0.385	1%	1%	-9%	-19%	$295,008,868
LYC	Lynas Rare Earths	7.635	1%	10%	32%	13%	$7,290,801,843
A8G	Australasian Metals	0.11	0%	-19%	83%	-42%	$5,733,254
QXR	Qx Resources Limited	0.006	0%	0%	-65%	-75%	$6,660,467
MRD	Mount Ridley Mines	0.001	0%	0%	-50%	-50%	$7,784,883
CZN	Corazon Ltd	0.005	0%	0%	-50%	-58%	$3,339,528
GBR	Greatbould Resources	0.057	0%	19%	-5%	6%	$34,736,462
MNS	Magnis Energy Tech	0.042	0%	0%	0%	-43%	$50,378,922
PNN	Power Minerals Ltd	0.11	0%	25%	-24%	-55%	$13,212,605
ADV	Ardiden Ltd	0.135	0%	4%	-16%	-37%	$8,439,863
SRI	Sipa Resources Ltd	0.015	0%	0%	-12%	-32%	$3,422,372
PGM	Platina Resources	0.021	0%	5%	11%	-22%	$13,086,787
PRL	Province Resources	0.041	0%	0%	0%	0%	$48,441,219
FBM	Future Battery	0.02	0%	-9%	-65%	-83%	$13,307,119
AUZ	Australian Mines Ltd	0.007	0%	-7%	-36%	-50%	$10,488,841
ALY	Alchemy Resource Ltd	0.007	0%	17%	0%	-36%	$8,246,534
RMXDD	Red Mount Min Ltd	0.01	0%	0%	-24%	-67%	$3,486,220
LML	Lincoln Minerals	0.006	0%	20%	-14%	0%	$12,337,557
MRC	Mineral Commodities	0.026	0%	0%	13%	-12%	$25,596,288
PEK	Peak Rare Earths Ltd	0.19	0%	-8%	-5%	-46%	$50,621,825
AML	Aeon Metals Ltd.	0.005	0%	0%	-29%	-69%	$5,482,003
PVT	Pivotal Metals Ltd	0.011	0%	-8%	-42%	-42%	$8,741,479
SLZ	Sultan Resources Ltd	0.006	0%	0%	-50%	-69%	$1,185,519
MLS	Metals Australia	0.026	0%	24%	18%	-26%	$18,907,708
EVR	Ev Resources Ltd	0.005	0%	11%	-38%	-62%	$6,981,357
EFE	Eastern Resources	0.004	0%	0%	-47%	-56%	$4,967,786
AM7	Arcadia Minerals	0.034	0%	10%	-60%	-66%	$3,979,703
BYH	Bryah Resources Ltd	0.004	0%	-20%	-60%	-73%	$2,013,147
GSM	Golden State Mining	0.01	0%	-17%	-9%	-74%	$2,793,706
LSR	Lodestar Minerals	0.001	0%	0%	-17%	-77%	$3,372,329
TEM	Tempest Minerals	0.01	0%	0%	16%	16%	$6,272,698
EMC	Everest Metals Corp	0.125	0%	9%	49%	14%	$24,216,804
WML	Woomera Mining Ltd	0.002	0%	0%	-60%	-80%	$6,165,223
KOR	Korab Resources	0.008	0%	0%	-20%	-58%	$2,936,400
ENT	Enterprise Metals	0.004	0%	0%	33%	0%	$4,713,269
GCM	Green Critical Min	0.002	0%	-20%	-50%	-71%	$2,937,085
EMT	Emetals Limited	0.004	0%	0%	-20%	-50%	$3,400,000
WIN	WIN Metals	0.042	0%	24%	-16%	-81%	$14,187,403
AVW	Avira Resources Ltd	0.001	0%	0%	0%	-50%	$2,938,790
CAI	Calidus Resources	0.115	0%	0%	-8%	-26%	$93,678,206
PGD	Peregrine Gold	0.19	0%	15%	-16%	-32%	$12,896,900
RAS	Ragusa Minerals Ltd	0.016	0%	0%	-33%	-57%	$2,281,581
LNR	Lanthanein Resources	0.003	0%	0%	20%	-63%	$7,330,908
CLZ	Classic Min Ltd	0.001	0%	0%	-92%	-98%	$1,544,026
OD6	Od6Metalsltd	0.04	0%	-5%	-47%	-76%	$5,147,607
PEK	Peak Rare Earths Ltd	0.19	0%	-8%	-5%	-46%	$50,621,825
CRI	Criticalim	0.012	0%	-8%	-48%	9%	$34,720,409
IDA	Indiana Resources	0.095	0%	1%	25%	54%	$61,534,014
M2R	Miramar	0.007	0%	-50%	-59%	-80%	$2,777,763
KFM	Kingfisher Mining	0.075	0%	23%	-12%	-58%	$4,028,625
AOA	Ausmon Resorces	0.003	0%	50%	50%	0%	$3,176,998
KTA	Krakatoa Resources	0.012	0%	9%	33%	-50%	$5,665,287
M24	Mamba Exploration	0.012	0%	-20%	-52%	-77%	$2,256,987
LNR	Lanthanein Resources	0.003	0%	0%	20%	-63%	$7,330,908
TKM	Trek Metals Ltd	0.031	0%	-23%	-16%	-47%	$15,930,059
CDT	Castle Minerals	0.003	0%	-14%	-50%	-70%	$4,118,442
PBL	Parabellumresources	0.055	0%	45%	-8%	-84%	$3,426,500
L1M	Lightning Minerals	0.07	0%	-5%	-3%	-42%	$6,985,322
BM8	Battery Age Minerals	0.12	0%	9%	20%	-57%	$11,162,897
OM1	Omnia Metals Group	0.078	0%	0%	0%	-8%	$4,550,568
LLL	Leolithiumlimited	0.505	0%	0%	0%	0%	$605,458,342
TMX	Terrain Minerals	0.004	0%	14%	0%	-20%	$7,200,115
LCY	Legacy Iron Ore	0.013	0%	0%	-13%	-19%	$100,276,127
RON	Roninresourcesltd	0.105	0%	-16%	-16%	-25%	$3,866,626
ASR	Asra Minerals Ltd	0.005	0%	-29%	-17%	-41%	$11,157,790
ATM	Aneka Tambang	1.025	0%	0%	-7%	-14%	$1,336,240
WA1	Wa1Resourcesltd	14.8	-1%	-13%	22%	190%	$982,067,849
PSC	Prospect Res Ltd	0.097	-1%	-2%	20%	28%	$53,007,416
STK	Strickland Metals	0.09	-1%	-8%	-10%	29%	$205,289,571
LM1	Leeuwin Metals Ltd	0.084	-1%	4%	22%	-73%	$3,935,540
ARL	Ardea Resources Ltd	0.405	-1%	-8%	-40%	-31%	$80,871,581
LRV	Larvottoresources	0.365	-1%	-9%	400%	219%	$122,448,504
ASL	Andean Silver	1.145	-2%	21%	116%	332%	$161,544,818
BKT	Black Rock Mining	0.052	-2%	-5%	-21%	-39%	$65,106,526
FGR	First Graphene Ltd	0.046	-2%	-4%	-16%	-13%	$31,219,831
MLX	Metals X Limited	0.435	-2%	9%	21%	50%	$390,036,578
MEI	Meteoric Resources	0.1025	-2%	4%	-56%	-52%	$241,049,677
KZR	Kalamazoo Resources	0.077	-3%	-20%	-13%	-27%	$14,400,028
PAT	Patriot Lithium	0.035	-3%	-15%	-59%	-81%	$3,621,816
LOT	Lotus Resources Ltd	0.2575	-3%	12%	-36%	-5%	$476,727,540
EV1	Evolutionenergy	0.034	-3%	26%	-66%	-79%	$12,259,283
JMS	Jupiter Mines.	0.165	-3%	-8%	-23%	-15%	$333,285,904
INF	Infinity Lithium	0.032	-3%	-20%	-52%	-62%	$16,190,723
MHK	Metalhawk.	0.16	-3%	80%	132%	76%	$15,603,850
1MC	Morella Corporation	0.029	-3%	-12%	-61%	-83%	$8,394,003
INR	Ioneer Ltd	0.2075	-3%	30%	30%	-10%	$479,320,457
CMO	Cosmometalslimited	0.027	-4%	-7%	-29%	-45%	$3,536,808
KAI	Kairos Minerals Ltd	0.0125	-4%	25%	-4%	-40%	$32,886,402
EMN	Euromanganese	0.047	-4%	-8%	-46%	-66%	$10,195,104
TVN	Tivan Limited	0.046	-4%	-2%	-13%	-43%	$82,876,648
BNR	Bulletin Res Ltd	0.045	-4%	-6%	-29%	-43%	$13,212,600
NWM	Norwest Minerals	0.021	-5%	-5%	-28%	-30%	$9,702,390
LIN	Lindian Resources	0.1	-5%	-9%	-13%	-50%	$115,292,224
ANX	Anax Metals Ltd	0.02	-5%	0%	-20%	-41%	$13,892,057
RNU	Renascor Res Ltd	0.078	-5%	-20%	-4%	-35%	$203,346,374
FG1	Flynngold	0.0285	-5%	14%	-35%	-44%	$7,265,119
ENV	Enova Mining Limited	0.0095	-5%	19%	-59%	36%	$8,864,364
EUR	European Lithium Ltd	0.037	-5%	0%	-45%	-50%	$51,730,538
ASN	Anson Resources Ltd	0.074	-5%	-24%	-26%	-51%	$101,559,615
EGR	Ecograf Limited	0.091	-5%	-8%	-48%	-24%	$41,316,896
RAG	Ragnar Metals Ltd	0.018	-5%	-5%	-10%	-22%	$8,531,748
WSR	Westar Resources	0.0085	-6%	6%	-18%	-58%	$3,389,161
AAJ	Aruma Resources Ltd	0.016	-6%	-16%	-16%	-56%	$3,552,931
MRR	Minrex Resources Ltd	0.008	-6%	-6%	-38%	-43%	$7,594,073
THR	Thor Energy PLC	0.016	-6%	7%	-30%	-58%	$3,700,372
PTR	Petratherm Ltd	0.048	-6%	140%	100%	-11%	$13,582,313
KNI	Kunikolimited	0.16	-6%	-6%	-38%	-48%	$14,316,929
DTM	Dart Mining NL	0.015	-6%	-18%	-49%	-17%	$5,573,320
AZI	Altamin Limited	0.03	-6%	3%	-40%	-53%	$13,165,471
SBR	Sabre Resources	0.014	-7%	-7%	-26%	-63%	$5,894,429
ABX	ABX Group Limited	0.04	-7%	-5%	-26%	-49%	$9,751,572
MTM	MTM Critical Metals	0.066	-7%	16%	2%	83%	$18,271,945
IPT	Impact Minerals	0.013	-7%	0%	-13%	4%	$39,772,638
FRB	Firebird Metals	0.13	-7%	24%	4%	-7%	$16,371,561
SLM	Solismineralsltd	0.087	-7%	-5%	-13%	-64%	$6,422,731
TOR	Torque Met	0.074	-8%	-33%	-41%	-77%	$16,947,031
CLA	Celsius Resource Ltd	0.012	-8%	-20%	-8%	9%	$30,852,294
RXL	Rox Resources	0.12	-8%	-8%	-36%	-46%	$52,350,899
LEG	Legend Mining	0.012	-8%	-8%	-8%	-50%	$34,913,726
ASO	Aston Minerals Ltd	0.012	-8%	20%	0%	-56%	$15,540,771
GED	Golden Deeps	0.035	-8%	25%	-29%	-38%	$5,303,282
PVW	PVW Res Ltd	0.022	-8%	0%	-19%	-67%	$3,495,905
SGQ	St George Min Ltd	0.033	-8%	10%	74%	-13%	$34,833,294
DM1	Desert Metals	0.022	-8%	0%	-31%	-51%	$5,839,365
BOA	Boadicea Resources	0.021	-9%	5%	-9%	-48%	$2,590,410
PNT	Panthermetalsltd	0.021	-9%	-9%	0%	-63%	$4,942,321
WKT	Walkabout Resources	0.1	-9%	1%	-20%	-13%	$70,482,452
MAN	Mandrake Res Ltd	0.029	-9%	12%	-22%	-28%	$17,269,278
KGD	Kula Gold Limited	0.009	-10%	13%	29%	-31%	$5,788,907
TMB	Tambourahmetals	0.034	-11%	-23%	-54%	-81%	$3,140,543
SCN	Scorpion Minerals	0.017	-11%	6%	-41%	-71%	$6,960,755
BUX	Buxton Resources Ltd	0.057	-11%	-10%	-46%	-72%	$12,230,885
RBX	Resource B	0.03	-12%	-19%	-30%	-81%	$2,480,535
GRL	Godolphin Resources	0.014	-13%	0%	-61%	-66%	$3,208,368
E25	Element 25 Ltd	0.315	-14%	58%	40%	-26%	$70,371,968
ESR	Estrella Res Ltd	0.012	-14%	100%	140%	71%	$23,630,168
YAR	Yari Minerals Ltd	0.003	-14%	-25%	-40%	-83%	$1,447,073
VTM	Victory Metals Ltd	0.385	-14%	6%	54%	93%	$40,665,997
LPD	Lepidico Ltd	0.0025	-17%	25%	-34%	-78%	$25,767,375
BSX	Blackstone Ltd	0.035	-17%	-24%	-42%	-71%	$18,477,792
PUR	Pursuit Minerals	0.0025	-17%	-17%	-38%	-72%	$9,088,500
SRL	Sunrise	0.39	-17%	-26%	-42%	-49%	$35,639,862
WC1	Westcobarmetals	0.024	-17%	-31%	-54%	-72%	$3,660,008
GAL	Galileo Mining Ltd	0.14	-18%	-24%	-47%	-66%	$27,667,490
CRR	Critical Resources	0.009	-18%	-18%	-31%	-76%	$14,242,802
ETM	Energy Transition	0.022	-19%	10%	-44%	-45%	$35,217,717
VHM	Vhmlimited	0.45	-20%	-22%	-13%	-9%	$76,303,860
SUM	Summitminerals	0.215	-23%	2%	207%	87%	$19,395,437
AX8	Accelerate Resources	0.008	-27%	-11%	-80%	-67%	$4,974,031
TKL	Traka Resources	0.001	-33%	0%	-50%	-75%	$1,945,659
CNJ	Conico Ltd	0.001	-50%	-50%	-50%	-83%	$2,201,528
Code	Company	Price	% Week	% Month	% Six Month	% Year	Market Cap

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Weekly Small Cap Standouts

Argosy Minerals (ASX:AGY)

AGY has defined a scheduled pathway to deliver the 12,000tpa Rincon lithium project engineering and definitive feasibility study, targeting a final investment decision during H2 2025.

Feasibility and engineering works are currently progressing in conjunction with international engineering consulting services firms Lycopodium and Saxum.

These works utilise key process and operational parameters, test data and inputs, mechanical design improvements, and learnings from the 2000tpa demonstration facility operations to support an expedited development schedule towards completing the DFS and achieving an FID.

This is scheduled to support commencing early site works, procuring long-lead items, completing front-end engineering design, and commencing construction works by end-2025.

Lithium Universe (ASX:LU7)

LU7 is progressing its DFS for the Bécancour lithium refinery with plans to reach completion next quarter.

Since releasing the PFS in September, the Hatch/LU7 project team has been working at full speed to finalise capital cost estimates for the upcoming DFS.

While the process designs and equipment outlined in the PFS remain unchanged, the next crucial step involves obtaining the remaining fixed-price quotations from vendors.

Design criteria documents for all engineering disciplines have been finalised, and with 80% of supplier interactions now complete, the engineering team is moving toward finalising material take-offs and related deliverables based on the reference plant.

In parallel, the procurement strategy is complete, and efforts are now focused on refining the capital cost estimate to achieve an accuracy of ±20% with minimal reliance on factored estimates.

At Stockhead, we tell it like it is. While Lithium Universe is a Stockhead advertiser, it did not sponsor this article.