• Statevolt plans battery metals plant in US, signs lithium supply deal with Controlled Thermal Resources
  • WA’s Curtin University gets $50m Trailblazer funding for resources technology and critical minerals hub
  • Weekly ASX battery metal standouts include Volt Resources, Larvotto Resources and Impact Minerals

 

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

 

Electric vehicle (EV) batteries and the metals used to make them – like lithium, cobalt, nickel and manganese – could face a worse supply crunch than the semiconductor shortage, according to carmaker Rivian’s CEO RJ Scaringe.

“Semiconductors are a small appetiser to what we are about to feel on battery cells over the next two decades,” Scaringe told The Wall Street Journal.

He says that all the world’s cell production combined represents “well under 10% of what we will need in 10 years”, meaning that 90% to 95% of the supply chain does not exist.

Rivian is now looking to diversify its supply chain and build its capacity to create its own battery cells – but another player is already actively moving to build a battery plant.

Statevolt is a new US company recently launched by Italvolt CEO Lars Carlstrom, and the plan is to build a 54 GWh lithium battery gigafactory in Imperial Valley, California.

“Today, we face a significant shortage in the amount of lithium that is required to meet the demand for electric vehicles,” Carlstrom said.

“We are pioneering a new, hyper-local business model, which prioritises sustainability and resilience in the supply chain to solve this issue.”

At full capacity, the battery output will be capable of powering about 650,000 electric vehicles annually, Statevolt says.

The company has also signed a letter of intent with Controlled Thermal Resources to supply lithium to the proposed plant from its proposed Hell’s Kitchen project near California’s Salton Sea.

 

Curtin nabs Trailblazer funding for critical minerals hub

Curtin University in WA has been named as the first of Australia’s four “Trailblazer” universities, receiving $50 million in federal funding to develop a research commercialisation hubs for resources technology and critical minerals.

Curtin Uni will partner with The University of Queensland and James Cook University, and 33 company partners across Australia involved in value chains requiring lithium, nickel, cobalt, vanadium and hydrogen resources.

“The mission of the collaboration is to conduct and translate the research needed to link the value chains so desperately needed if Australia is to become a genuine international leader in efficient production of critical minerals, precursors and ultimately, metals,” Curtin Deputy Vice-Chancellor Research, Professor Chris Moran said.

“In doing so, Trailblazer will add significant value, resilience, and sovereign capability throughout Australia’s critical minerals and hydrogen energy value chains.

“It will deliver the skills and the future workforce required to realise the potential benefits from our resources.”

 

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 friendly mail to [email protected]

Code Company Price % Year % Six Month % Month % Week Market Cap
NC1 Nicoresourceslimited 1.675 0% 0% 128% 54% $145,707,503.34
VR8 Vanadium Resources 0.14 175% 84% 89% 43% $63,870,170.49
VRC Volt Resources Ltd 0.027 23% -10% 125% 42% $77,270,722.20
LRV Larvottoresources 0.36 0% 0% 85% 41% $14,216,587.50
ESS Essential Metals Ltd 0.685 585% 261% 57% 40% $173,483,785.60
PNN PepinNini Minerals 0.92 202% 127% 111% 33% $58,786,861.44
AAJ Aruma Resources Ltd 0.185 157% 123% 118% 32% $29,037,878.06
BKT Black Rock Mining 0.32 121% 52% 33% 28% $248,601,943.49
RBX Resource B 0.27 694% 42% 35% 26% $9,587,420.40
RBX Resource B 0.27 694% 42% 35% 26% $9,587,420.40
SCN Scorpion Minerals 0.083 60% 22% 22% 24% $22,638,520.13
GT1 Greentechnology 1.15 0% 0% 49% 24% $114,480,000.00
ALY Alchemy Resource Ltd 0.021 43% 62% 62% 24% $21,903,932.47
CRR Critical Resources 0.1 488% 245% 30% 23% $126,336,013.74
IPT Impact Minerals 0.016 -20% 7% 33% 23% $32,856,923.79
KZR Kalamazoo Resources 0.45 0% 27% 50% 22% $66,063,440.17
CXO Core Lithium 1.47 435% 133% 31% 21% $2,575,172,890.50
LKE Lake Resources 2.22 583% 247% 43% 21% $2,937,272,812.07
SYR Syrah Resources 1.83 74% 60% 30% 19% $1,201,091,081.99
GW1 Greenwing Resources 0.44 10% 57% 54% 19% $49,555,438.74
STK Strickland Metals 0.065 195% -20% 20% 18% $85,749,246.50
SYA Sayona Mining Ltd 0.36 780% 132% 118% 18% $2,723,854,533.86
MLS Metals Australia 0.175 338% 338% 136% 17% $63,274,741.53
WR1 Winsome Resources 0.535 0% 0% 26% 16% $67,339,997.00
AVZ AVZ Minerals Ltd 1.19 526% 245% 30% 16% $4,216,832,048.86
ADV Ardiden Ltd 0.015 -12% 25% 15% 15% $37,248,992.98
ARN Aldoro Resources 0.31 -28% -27% -9% 15% $27,904,212.59
LSR Lodestar Minerals 0.016 45% 60% 45% 14% $27,814,997.57
SHH Shree Minerals Ltd 0.016 -6% 45% -20% 14% $18,333,553.38
MQR Marquee Resource Ltd 0.125 79% 42% 19% 14% $35,482,296.98
PLL Piedmont Lithium Inc 0.995 17% 20% 5% 13% $519,657,238.00
TON Triton Min Ltd 0.035 -17% 9% 25% 13% $41,011,877.84
JRV Jervois Global Ltd 0.97 127% 59% 14% 13% $1,534,948,470.61
EMN Euromanganese 0.445 -27% -21% 14% 13% $113,237,624.28
MLX Metals X Limited 0.765 233% 96% 18% 13% $689,522,210.92
TEM Tempest Minerals 0.1125 329% 463% 411% 13% $43,911,909.25
TSC Twenty Seven Co. Ltd 0.0045 -25% -25% 29% 13% $10,643,255.62
SRL Sunrise 3.4 60% 78% 57% 12% $306,196,788.60
BNR Bulletin Res Ltd 0.23 236% 229% 59% 12% $71,071,066.08
BSX Blackstone Ltd 0.415 11% -30% -1% 12% $188,099,026.00
AZL Arizona Lithium Ltd 0.185 330% 256% 19% 12% $433,266,441.47
AZL Arizona Lithium Ltd 0.185 330% 256% 19% 12% $433,266,441.47
RXL Rox Resources 0.42 -26% 12% 4% 12% $71,799,902.48
INF Infinity Lithium 0.1675 -12% -22% 8% 12% $68,446,857.77
VML Vital Metals Limited 0.067 -1% 6% 26% 12% $279,254,866.63
PAM Pan Asia Metals 0.58 274% 5% 12% 12% $43,458,599.96
ARU Arafura Resource Ltd 0.395 103% 88% 65% 11% $627,919,019.46
KFM Kingfisher Mining 0.31 19% 51% 24% 11% $10,273,500.30
GED Golden Deeps 0.021 75% 75% 133% 11% $26,568,664.96
LPI Lithium Pwr Int Ltd 0.86 213% 110% 25% 10% $303,756,017.76
ARL Ardea Resources Ltd 1.97 306% 306% 93% 10% $321,274,077.94
AOA Ausmon Resorces 0.011 0% 57% 38% 10% $9,430,182.77
PRL Province Resources 0.1 -46% -38% 10% 10% $108,867,022.23
PUR Pursuit Minerals 0.034 -56% -3% 79% 10% $29,312,025.01
TLG Talga Group Ltd 1.65 22% 5% 15% 9% $498,191,888.57
RFR Rafaella Resources 0.048 -56% -36% -13% 9% $10,674,835.97
COB Cobalt Blue Ltd 0.935 125% 117% 38% 9% $291,934,741.32
CNJ Conico Ltd 0.013 -54% -65% 18% 8% $14,953,212.37
CMX Chemxmaterials 0.26 0% 0% 27% 8% $11,816,891.51
PNT Panthermetalsltd 0.26 0% 0% 11% 8% $7,280,000.00
PGD Peregrine Gold 0.52 86% 8% 9% 8% $18,377,601.12
ATM Aneka Tambang 1.19 19% 8% 8% 8% $1,551,342.31
AML Aeon Metals Ltd. 0.069 -19% 25% 47% 8% $59,740,813.27
RNU Renascor Res Ltd 0.3125 226% 131% 6% 8% $610,303,749.44
AR3 Austrare 0.72 0% -18% -4% 7% $54,860,048.82
BRB Breaker Res NL 0.29 18% -2% 16% 7% $97,752,278.70
HXG Hexagon Energy 0.045 -55% -49% -8% 7% $20,535,284.72
NMT Neometals Ltd 1.8 279% 91% 7% 7% $1,022,721,978.54
GAL Galileo Mining Ltd 0.225 -26% -13% 7% 7% $35,365,933.05
BOA Boadicea Resources 0.225 -11% 25% 15% 7% $15,928,478.48
STM Sunstone Metals Ltd 0.075 477% 14% -10% 7% $176,922,157.34
AGY Argosy Minerals Ltd 0.4925 430% 101% 26% 7% $690,549,248.34
QXR Qx Resources Limited 0.077 381% 328% 45% 7% $63,145,536.40
RGL Riversgold 0.077 73% 254% 130% 7% $42,120,333.84
AUZ Australian Mines Ltd 0.235 18% -2% 31% 7% $98,982,270.31
MAN Mandrake Res Ltd 0.064 -64% -19% 42% 7% $32,562,512.60
MNS Magnis Energy Tech 0.48 25% 32% 1% 7% $473,234,811.21
CML Chase Mining Limited 0.016 -20% -6% 45% 7% $7,958,256.94
MNS Magnis Energy Tech 0.48 25% 32% 1% 7% $473,234,811.21
HNR Hannans Ltd 0.034 391% -6% -8% 6% $88,613,230.18
RLC Reedy Lagoon Corp. 0.034 55% 26% 26% 6% $19,192,503.05
CAI Calidus Resources 1.03 140% 72% 11% 6% $432,469,283.60
ZNC Zenith Minerals Ltd 0.435 129% 74% 32% 6% $154,756,869.75
POS Poseidon Nick Ltd 0.091 38% -17% -2% 6% $278,820,316.87
HAS Hastings Tech Met 0.275 38% 4% 2% 6% $546,697,642.40
AZI Altamin Limited 0.092 -11% 12% 42% 6% $35,776,219.58
CHN Chalice Mining Ltd 7.38 25% 13% 3% 6% $2,662,676,055.00
LEL Lithenergy 1.015 0% 56% 12% 6% $46,350,000.00
MRR Minrex Resources Ltd 0.074 222% 289% 30% 6% $66,648,173.48
FFX Firefinch Ltd 1.115 266% 66% 34% 6% $1,370,242,136.36
BYH Bryah Resources Ltd 0.057 -19% 4% 14% 6% $13,120,016.15
CMO Cosmometalslimited 0.19 0% 0% 41% 6% $5,038,225.00
AVL Aust Vanadium Ltd 0.079 243% 243% 58% 5% $269,884,403.73
IPX Iperionx Limited 1.36 64% 35% 39% 5% $176,579,441.12
LTR Liontown Resources 1.675 339% 7% 1% 5% $3,704,860,584.62
BUX Buxton Resources Ltd 0.105 48% 44% -9% 5% $14,582,909.40
LEG Legend Mining 0.084 -30% 15% 14% 5% $239,696,807.73
IGO IGO Limited 14.18 103% 46% 18% 5% $10,677,476,163.30
MCR Mincor Resources NL 2.62 162% 89% 28% 5% $1,351,329,134.40
INR Ioneer Ltd 0.7125 101% 2% 36% 5% $1,515,647,589.28
ENV Enova Mining Limited 0.023 -15% 15% 35% 5% $7,111,835.72
OZL OZ Minerals 26.58 7% 2% 2% 4% $9,282,479,931.47
MRC Mineral Commodities 0.12 -45% -20% 9% 4% $64,198,876.08
KTA Krakatoa Resources 0.12 103% 94% 167% 4% $35,365,190.04
GRE Greentechmetals 0.245 0% 0% 11% 4% $6,617,999.76
QEM QEM Limited 0.25 43% 43% 39% 4% $27,221,599.92
CLA Celsius Resource Ltd 0.026 -41% -10% 30% 4% $30,536,644.20
TMB Tambourahmetals 0.26 0% 30% 18% 4% $11,327,964.45
KGD Kula Gold Limited 0.052 21% 4% 21% 4% $11,189,132.86
AM7 Arcadia Minerals 0.265 0% 29% 18% 4% $9,622,937.50
AKE Allkem Limited 13.27 103% 47% 34% 4% $8,608,384,161.00
LPD Lepidico Ltd 0.0405 76% 50% 23% 4% $253,313,997.48
BEM Blackearth Minerals 0.135 -10% 8% 13% 4% $36,496,739.97
MIN Mineral Resources. 61.39 40% 43% 33% 4% $11,666,150,123.22
E25 Element 25 Ltd 0.965 -55% -53% 11% 4% $148,129,057.93
AOU Auroch Minerals Ltd 0.14 -35% -24% 22% 4% $46,969,233.87
SRZ Stellar Resources 0.029 21% -12% 0% 4% $23,444,473.53
TNG TNG Limited 0.088 -11% 4% 28% 4% $123,569,221.76
CZL Cons Zinc Ltd 0.03 -40% -25% 7% 3% $10,189,376.58
TMT Technology Metals 0.46 24% 21% 33% 3% $102,782,404.89
WCN White Cliff Min Ltd 0.031 63% 158% 15% 3% $20,261,704.22
SLZ Sultan Resources Ltd 0.16 -14% -11% 0% 3% $13,325,502.24
VUL Vulcan Energy 9.17 22% -29% -9% 3% $1,199,286,769.90
AZS Azure Minerals 0.355 -3% -11% -4% 3% $114,972,216.77
S32 South32 Limited 5.185 79% 34% 8% 3% $24,340,017,742.96
EMS Eastern Metals 0.195 0% 0% 3% 3% $7,120,000.00
VMC Venus Metals Cor Ltd 0.2 11% 11% 14% 3% $28,704,949.77
DTM Dart Mining NL 0.082 -39% -32% 3% 3% $9,710,292.54
ARR American Rare Earths 0.425 343% 136% -3% 2% $169,576,922.48
CTM Centaurus Metals Ltd 1.5 119% 36% 17% 2% $630,800,843.79
AS2 Askarimetalslimited 0.715 0% 245% 63% 2% $30,082,619.33
A8G Australasian Metals 0.495 0% -36% 2% 2% $20,486,951.94
EFE Eastern Resources 0.05 387% 22% 2% 2% $48,727,394.92
WML Woomera Mining Ltd 0.0255 12% 34% 50% 2% $17,170,826.65
NTU Northern Min Ltd 0.054 23% 6% 0% 2% $267,277,796.45
NIC Nickel Mines Limited 1.2525 -2% 19% -1% 2% $3,318,286,361.61
KAI Kairos Minerals Ltd 0.0295 -5% -2% 13% 2% $58,862,804.73
1MC Morella Corporation 0.0335 -47% -47% 16% 2% $170,815,061.54
BHP BHP Group Limited 52.48 10% 37% 13% 1% $269,163,724,012.30
JRL Jindalee Resources 4.8 58% 93% 55% 1% $275,419,036.80
EMH European Metals Hldg 1.29 -10% -9% 17% 1% $177,378,975.90
CHR Charger Metals 0.735 0% 69% 5% 1% $24,748,919.68
AXE Archer Materials 0.89 -1% -45% -4% 1% $230,237,502.51
GLN Galan Lithium Ltd 1.96 148% 68% 31% 0% $617,906,344.86
VIA Viagold Rare Earth 2 2339% 0% 0% 0% $166,624,808.00
PSC Prospect Res Ltd 0.92 411% 88% 3% 0% $390,320,777.69
MRD Mount Ridley Mines 0.01 43% 11% 11% 0% $57,839,904.13
FRS Forrestaniaresources 0.35 0% -14% 13% 0% $9,834,581.40
EUR European Lithium Ltd 0.11 69% 10% 0% 0% $145,205,931.78
SBR Sabre Resources 0.007 17% 40% 17% 0% $14,243,695.54
CWX Carawine Resources 0.21 -22% 2% -1% 0% $28,945,212.87
LIT Lithium Australia NL 0.105 -19% -16% 0% 0% $113,823,734.64
EGR Ecograf Limited 0.565 -8% -18% -1% 0% $254,438,404.34
AQD Ausquest Limited 0.025 25% 39% 25% 0% $20,628,730.58
LML Lincoln Minerals 0.008 0% 0% 0% 0% $4,599,869.49
REE Rarex Limited 0.105 0% 6% 12% 0% $59,083,953.18
BMM Balkanminingandmin 0.365 0% -46% 33% 0% $11,953,750.00
G88 Golden Mile Res Ltd 0.063 -37% 26% 0% 0% $12,846,887.30
EVR Ev Resources Ltd 0.062 107% 88% 22% 0% $60,188,964.62
IMI Infinitymining 0.19 0% 0% 9% 0% $10,350,000.00
KOR Korab Resources 0.04 233% 74% -5% 0% $14,682,000.00
FRB Firebird Metals 0.35 -43% -33% 9% 0% $16,796,098.56
JMS Jupiter Mines. 0.255 -18% 6% 0% 0% $499,542,713.42
ENT Enterprise Metals 0.021 -15% 41% 50% 0% $12,892,937.10
RR1 Reach Resources Ltd 0.008 118% 0% 0% 0% $13,370,354.47
WIN Widgienickellimited 0.435 0% 89% -4% 0% $116,250,000.00
AVW Avira Resources Ltd 0.006 -14% 0% 9% 0% $12,712,740.00
G88 Golden Mile Res Ltd 0.063 -37% 26% 0% 0% $12,846,887.30
EVR Ev Resources Ltd 0.062 107% 88% 22% 0% $60,188,964.62
WC8 Wildcat Resources 0.035 35% -33% 25% 0% $23,229,818.17
ASO Aston Minerals Ltd 0.155 41% 7% 3% 0% $175,130,466.88
THR Thor Mining PLC 0.016 7% -11% 14% 0% $16,222,261.30
CNB Carnaby Resource Ltd 1.3 442% 341% -3% -1% $187,313,505.17
LRS Latin Resources Ltd 0.1825 272% 324% 220% -1% $328,111,776.14
NWC New World Resources 0.062 -46% -29% 13% -2% $100,604,877.79
OMH OM Holdings Limited 0.885 -2% -29% 2% -2% $653,681,653.25
WMG Western Mines 0.265 0% 43% 29% -2% $10,623,425.00
DEV Devex Resources Ltd 0.5 54% 41% 18% -2% $163,375,663.88
PLS Pilbara Min Ltd 2.84 114% 35% 1% -2% $8,662,587,501.63
SGQ St George Min Ltd 0.047 -49% -37% -11% -2% $31,437,398.48
PAN Panoramic Resources 0.3425 114% 49% 14% -2% $728,074,471.42
IXR Ionic Rare Earths 0.073 38% 97% 12% -3% $259,608,363.06
QPM Queensland Pacific 0.18 71% -32% 24% -3% $293,191,494.89
LYC Lynas Rare Earths 9.41 47% 28% -6% -3% $8,419,499,798.82
FGR First Graphene Ltd 0.165 -33% -30% -3% -3% $92,385,773.04
S2R S2 Resources 0.165 3% 96% -6% -3% $60,583,725.35
PVW PVW Res Ltd 0.4075 191% 31% -23% -3% $35,841,473.07
AKN Auking Mining Ltd 0.15 -63% -35% -6% -3% $11,385,688.80
RAS Ragusa Minerals Ltd 0.09 13% -14% 27% -3% $11,309,204.70
LMG Latrobe Magnesium 0.087 295% 222% -1% -3% $139,521,164.94
GME GME Resources Ltd 0.14 123% 103% 71% -3% $77,218,799.06
ASN Anson Resources Ltd 0.14 82% 63% 22% -3% $148,110,475.48
PGM Platina Resources 0.052 0% -30% 4% -4% $22,153,499.44
WKT Walkabout Resources 0.245 -31% 29% -2% -4% $117,591,529.12
GBR Greatbould Resources 0.12 216% -45% -23% -4% $52,734,021.63
GSR Greenstone Resources 0.0355 78% 22% -4% -4% $32,534,105.96
ADD Adavale Resource Ltd 0.044 -20% -25% 7% -4% $17,025,151.06
ILU Iluka Resources 11.88 61% 23% 12% -4% $5,175,684,653.40
MTM Mtmongerresources 0.195 0% 22% 34% -5% $6,758,706.44
CAE Cannindah Resources 0.37 585% 61% 6% -5% $202,821,988.12
GL1 Globallith 2.21 0% 439% 10% -5% $358,244,076.98
LOT Lotus Resources Ltd 0.365 161% 11% 3% -5% $376,705,354.03
RMX Red Mount Min Ltd 0.009 -10% 0% 6% -5% $14,781,274.72
PEK Peak Rare Earths Ltd 0.72 -26% -10% 11% -5% $153,060,793.40
MOH Moho Resources 0.054 -35% -10% -5% -5% $6,766,692.09
ESR Estrella Res Ltd 0.0235 -51% -35% -19% -6% $27,615,675.42
NVA Nova Minerals Ltd 0.775 -48% -47% 11% -7% $150,468,907.98
NWM Norwest Minerals 0.056 -18% -33% -10% -7% $10,294,621.06
MMC Mitremining 0.2 0% -11% 11% -7% $5,146,169.00
CZN Corazon Ltd 0.0315 -11% -11% -5% -7% $18,920,247.27
FG1 Flynngold 0.1575 0% 2% 13% -7% $10,570,073.25
SRI Sipa Resources Ltd 0.049 -29% -11% -4% -8% $10,046,215.35
TKL Traka Resources 0.01 -44% -29% -9% -9% $6,887,745.61
NKL Nickelxltd 0.14 0% 0% -7% -10% $8,302,500.00
EMT Emetals Limited 0.015 -58% -12% -6% -12% $11,900,000.00
GSM Golden State Mining 0.08 -38% -29% 7% -12% $8,824,245.42
AX8 Accelerate Resources 0.054 17% 26% 6% -18% $15,714,451.74
RAG Ragnar Metals Ltd 0.042 -27% -2% 35% -21% $16,398,135.12
GMC Gulf Manganese Corp 0 -100% -100% -100% -100% $27,017,241.66
GXY Galaxy Resources 0 -100% -100% -100% -100% $2,715,139,305.12

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

Not a bad week for battery metals stocks on the ASX; 143 went up, 48 went down, and 29 didn’t move.

 

WEEKLY TOP 3

VOLT RESOURCES (ASX:VRC)

Graphite producer and battery anode material developer VRC was up 42% this week after  signing a joint development agreement with alkaline battery producer, Urban Electric Power, and Volt’s tech partner in the US, American Energy Technologies Co.

Under the agreement, the two parties will use non-spherical purified graphite for conductivity enhancement and ultra-high purity graphite-based coatings to improve alkaline battery performance.

VRC managing director Trevor Matthews said the agreement provides a clear pathway for the development of commercially based technologies to improve alkaline battery performance and lower costs.

“The collaboration with UEP in alkaline battery technology combined with previously announced programs in lead-acid battery technology with Apollo and two lithium-ion battery anode material developments, including the Energy Supply Developer’s Super Site, positions Volt to become a battery materials manufacturer for the US battery market,” he said.

 

LARVOTTO RESOURCES (ASX:LRV)

Up 41% for the week, the company got a speeding ticket yesterday, which it put down to a recent application for an exploration licence adjoining its Eyre Project in Western Australia, which adjoins other nearby lithium prospects.

Oh, and the announcement that drilling will commence at its Ohakuri gold project, located in the North Island of New Zealand on 10 March 2022.

Plus, an article published by mining journalist Barry Fitzgerald on Livewire on 14 April which “highlighted the company’s portfolio inclusive of copper, gold and lithium, and associated current commodity prices, which may be a factor in the share price and trading performance of the company,” LRV said.

The $19.5m market cap stock is up 108% year-to-date. It had $4.6m in the bank at the end of December.

 

IMPACT MINERALS (ASX:IPT)

The company was up 23% this week, after identifying spodumene and yttrium-bearing apatite in pegmatite veins at its Kalahari prospect of its Hopetoun project in WA.

It’s the first-time lithium has been found at the project, which covers an interpreted extension of the Ravensthorp greenstone belt – host to mines such as Allkem’s (ASX:AKE) Mt Cattlin lithium project.

The spodumene crystals are up to 5cm in dimension and exhibit classic pink fluorescence under ultraviolet light.

Plus, some of the veins contain similar-sized crystals of aquamarine apatite, a phosphate mineral which has measurable levels of yttrium on a handheld XRF instrument and which may be prospective for rare earth elements.

Grab samples of these veins have been submitted for geochemical assay with results expected by mid-May.