• Tesla (NASDAQ:TSLA) has announced a 100GWh Gigafactory expansion in Nevada
  • It could need up to 115,000t lithium, 15,000t cobalt, 14,000t manganese, 125,000t nickel and 170,000t graphite anode per year
  • Standout Battery Metals Stocks of the Week: Lincoln Minerals, Anson Resources

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 experts at Benchmark recently estimated that at least 384 new graphite, lithium, nickel, and cobalt mines are needed in the next 12 years to feed a 500% increase in global battery demand.

Last week, Tesla (NASDAQ:TSLA) announced a 100GWh Gigafactory expansion in Nevada, which could see it become the largest Western producer of batteries.

Just look at these outrageous and impossible numbers from Benchmark, which emphasise just how metals-hungry these battery plants really are:

Let’s break those stats down even further (don’t judge the questionable math).

Tesla’s manganese requirements equate to ~14% of annual global production in 2022, or 65% of projected annual volumes from Element 25’s (ASX:E25) Butcherbird project in the NT.

Cobalt consumption – at 11-15,000tpa – represents about four Broken Hill Projects, like that currently being progressed by Cobalt Blue (ASX:COB) in NSW.

COB plans to produce 3500tpa of cobalt over a forecast 17-year life of mine from 2025.

Lithium consumption (100-115,000tpa) is mammoth. That’s equivalent to more than two 50,000tpa Kachi projects, currently being advanced by Lake Resources (ASX:LKE), or one and a half of Liontown Resources’ (ASX:LTR) Kathleen Valley projects, once it hits full production of 700,000tpa spodumene concentrate.

(That assuming there’s ~8 tonnes of spodumene (SC6) per tonne of LiOH produced).

Benchmark is also estimating the enlarged factory will need up to 125,000t of nickel.

That’s one and half times the annual production of BHP’s (ASX:BHP) Nickel West division (80-90,000tpa) or eight Cassini-Northern operations (16,000tpa), currently being ramped up by $800m capped Mincor Resources (ASX:MCR) in WA.

And to meet its graphite anode needs of up to 170,000tpa, Tesla would require almost nine times Talga’s (ASX:TLG) 19,500t of annual production, which is expected from 2024.

‘Impossible!’, you say, and you’d probably be right.

E25, COB, LKE, LTR, MCR, and TLG share price charts

 

Cashed up investors need to get off their backsides

“It seems to be a fairly widely accepted fact that without new production growth in the mining industry there won’t be much of an energy transition at all,” says Charlie Cryer, head of RFC Ambrian London in a recent note.

“Yet, if the message is that the decarbonisation agenda is getting whole-hearted support from wider society and that critical metals demand is indeed coming, it doesn’t seem yet to be translating into shareholder and management support for a strategic growth shift on (in) the ground.”

Many commentators have indicated that an extra US$100bn per annum of capex needs to be invested above the longer term run rate of ~US$80bn per annum, to ensure energy transition demand is fulfilled, Cryer says.

“On current projections that looks woefully over-optimistic.”

 

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].

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
LML Lincoln Minerals 129% 600% 600% 600% 0.048 $34,499,021
ASN Anson Resources Ltd 43% 47% 110% 118% 0.2725 $324,020,104
EV1 Evolutionenergy 36% 36% -26% -24% 0.305 $45,187,500
AKN Auking Mining Ltd 34% 30% 9% -7% 0.125 $11,908,534
RVT Richmond Vanadium 32% 66% 0% 0% 0.39 $31,034,810
ASM Ausstratmaterials 32% 26% -49% -78% 1.815 $317,573,457
PMT Patriotbatterymetals 27% 109% 0% 0% 1.57 $191,552,240
LLI Loyal Lithium Ltd 27% 68% 106% 106% 0.495 $28,607,050
CY5 Cygnus Gold Limited 23% 32% 150% 170% 0.5 $97,453,332
MAN Mandrake Res Ltd 21% 30% 41% 8% 0.052 $27,624,996
WR1 Winsome Resources 20% 94% 1228% 498% 2.39 $343,288,531
RMX Red Mount Min Ltd 20% 20% -8% -33% 0.006 $9,941,744
QEM QEM Limited 19% 19% 2% 19% 0.215 $28,380,149
WA1 Wa1Resourcesltd 18% 24% 1231% 0% 1.73 $63,881,063
CRR Critical Resources 17% 26% 15% -49% 0.054 $92,239,292
DRE Dreadnought Resources Ltd 17% 5% 69% 197% 0.11 $339,870,104
SCN Scorpion Minerals 16% 21% 31% 20% 0.085 $29,385,026
ARR American Rare Earths 16% 34% 0% -36% 0.255 $111,595,200
PGM Platina Resources 15% 21% -28% -56% 0.023 $13,709,967
TKL Traka Resources 14% 0% 14% -53% 0.008 $5,782,196
FRB Firebird Metals 14% 29% 0% -38% 0.2 $13,487,684
RR1 Reach Resources Ltd 14% -20% 33% -43% 0.004 $7,640,203
RR1 Reach Resources Ltd 14% -20% 33% -43% 0.004 $7,640,203
REE Rarex Limited 14% 24% 2% -36% 0.067 $44,033,380
AQD Ausquest Limited 13% 0% -11% 0% 0.017 $13,202,388
NWC New World Resources 13% 59% 59% -14% 0.054 $122,106,068
CZL Cons Zinc Ltd 12% 12% 0% -24% 0.019 $9,647,156
CTN Catalina Resources 11% 0% 11% -17% 0.01 $12,384,869
ENT Enterprise Metals 11% 0% -9% -33% 0.01 $7,050,807
GCM Green Critical Min 11% 18% 76% 50% 0.02 $19,729,573
DM1 Desert Metals 11% 3% -20% -64% 0.2 $14,488,216
PAT Patriot Lithium 11% 32% 0% 0% 0.35 $19,417,438
OD6 Od6Metalsltd 11% -9% 97% 0% 0.305 $16,504,649
ARN Aldoro Resources 11% 59% 28% -24% 0.255 $27,663,518
AZL Arizona Lithium Ltd 11% 18% -5% -46% 0.073 $178,302,839
ITM Itech Minerals Ltd 11% 19% -21% 11% 0.315 $38,588,075
TAR Taruga Minerals 10% -4% -8% -39% 0.023 $15,532,589
M24 Mamba Exploration 10% 59% 156% 10% 0.23 $9,700,251
GL1 Globallith 9% 25% 58% 49% 2.31 $511,615,814
PVW PVW Res Ltd 9% 21% -57% -77% 0.12 $11,162,625
LEL Lithenergy 9% 10% -13% -16% 0.85 $50,826,750
LTR Liontown Resources 9% 21% 21% 14% 1.595 $3,657,064,858
AOU Auroch Minerals Ltd 8% 23% 8% -38% 0.065 $26,526,398
PVT Pivotal Metals Ltd 8% -9% 60% -47% 0.04 $18,611,171
INF Infinity Lithium 8% 17% 0% -18% 0.14 $62,449,933
M2R Miramar 8% 5% -16% -51% 0.084 $5,654,539
HRE Heavy Rare Earths 7% 26% 0% 0% 0.145 $7,733,431
LYC Lynas Rare Earths 7% 20% 8% 6% 9.45 $8,788,256,985
RGL Riversgold 7% 0% 11% 58% 0.03 $27,418,564
IPX Iperionx Limited 7% 28% 26% -1% 0.885 $155,036,804
ALY Alchemy Resource Ltd 6% -26% 31% 31% 0.017 $18,849,220
EFE Eastern Resources 6% -41% -31% -69% 0.017 $19,980,544
BUR Burleyminerals 6% 16% 143% 82% 0.255 $9,095,608
VUL Vulcan Energy 6% 13% -8% -19% 7.18 $1,041,340,285
VR8 Vanadium Resources 6% 32% 1% 1% 0.076 $37,299,753
MRR Minrex Resources Ltd 6% 19% -27% -33% 0.038 $42,309,833
DVP Develop Global Ltd 6% 19% 68% 27% 3.8 $643,228,638
LRV Larvottoresources 5% 22% -3% 11% 0.195 $11,433,303
AXN Alliance Nickel Ltd 5% 15% -9% 50% 0.105 $67,463,160
BOA Boadicea Resources 5% 0% -36% -49% 0.105 $8,158,489
LNR Lanthanein Resources 5% 0% 31% -9% 0.021 $20,613,087
LNR Lanthanein Resources 5% 0% 31% -9% 0.021 $20,613,087
ESS Essential Metals Ltd 5% 63% 8% 7% 0.53 $140,472,514
EVG Evion Group NL 5% -8% -30% -48% 0.065 $18,998,943
MOH Moho Resources 5% 5% -8% -61% 0.022 $4,568,568
ASO Aston Minerals Ltd 4% 18% -3% -48% 0.094 $108,012,501
CXO Core Lithium 4% 13% 0% 58% 1.16 $2,274,717,066
SYA Sayona Mining Ltd 4% 42% 38% 125% 0.27 $2,562,586,852
AX8 Accelerate Resources 4% 22% -20% -28% 0.028 $10,572,849
RAG Ragnar Metals Ltd 4% 17% -67% -65% 0.014 $5,308,588
KGD Kula Gold Limited 4% 12% 5% -23% 0.028 $10,475,146
1MC Morella Corporation 3% 25% -17% -50% 0.015 $97,577,287
AML Aeon Metals Ltd. 3% 11% 7% -30% 0.03 $32,892,019
IDA Indiana Resources 3% 9% 9% 0% 0.06 $30,060,289
DEV Devex Resources Ltd 3% 9% 13% -28% 0.305 $111,233,573
LPD Lepidico Ltd 3% -3% -46% -58% 0.0155 $114,566,576
ILU Iluka Resources 3% 14% 14% 9% 10.89 $4,695,500,269
GW1 Greenwing Resources 3% 16% 28% -25% 0.32 $45,898,248
NWM Norwest Minerals 3% 19% 39% 0% 0.064 $14,436,980
FG1 Flynngold 3% -1% 10% -32% 0.099 $7,832,354
GLN Galan Lithium Ltd 3% 11% 0% -22% 1.185 $377,299,175
EMH European Metals Hldg 3% 6% 4% -53% 0.68 $92,489,838
HNR Hannans Ltd 3% -8% -17% -69% 0.0175 $46,318,282
TLG Talga Group Ltd 3% 28% 30% 19% 1.79 $585,073,510
CNB Carnaby Resource Ltd 2% 12% 5% -27% 1.045 $154,680,157
NTU Northern Min Ltd 2% 0% 5% -16% 0.042 $210,722,305
CDT Castle Minerals 2% 7% -17% -42% 0.0225 $21,988,846
PLL Piedmont Lithium Inc 2% 42% 49% 42% 0.915 $395,935,100
LOT Lotus Resources Ltd 2% 17% -4% -4% 0.24 $331,861,438
LIT Lithium Australia 2% 7% -32% -58% 0.048 $56,174,817
IG6 Internationalgraphit 2% -7% -9% 0% 0.25 $21,557,087
ETM Energy Transition 2% -19% -11% -33% 0.05 $70,498,689
PNN Power Minerals Ltd 2% -3% 4% 12% 0.515 $37,567,308
OMH OM Holdings Limited 2% 13% 23% -9% 0.785 $594,591,786
AVL Aust Vanadium Ltd 2% 18% -33% -18% 0.0295 $126,545,131
BSX Blackstone Ltd 1% 26% -19% -71% 0.17 $82,842,400
NVA Nova Minerals Ltd 1% 0% -23% -24% 0.68 $152,289,245
WIN Widgienickellimited 1% 9% 1% 20% 0.36 $92,874,746
BMM Balkanminingandmin 1% 15% 90% 10% 0.38 $15,670,205
PEK Peak Rare Earths Ltd 1% -6% -7% -43% 0.425 $88,415,908
PEK Peak Rare Earths Ltd 1% -6% -7% -43% 0.425 $88,415,908
JRL Jindalee Resources 1% 11% -14% -18% 2.09 $119,922,039
AKE Allkem Limited 1% 20% 19% 49% 13.45 $8,946,342,947
GT1 Greentechnology 1% 15% 41% 12% 0.9475 $185,969,933
PLS Pilbara Min Ltd 0% 29% 75% 50% 4.845 $14,989,847,450
BHP BHP Group Limited 0% 9% 28% 19% 49.52 $249,390,345,972
VIA Viagold Rare Earth 0% 0% 0% 0% 2 $166,624,808
AZS Azure Minerals 0% 42% 49% -16% 0.32 $105,155,072
MRD Mount Ridley Mines 0% 0% 25% -41% 0.005 $38,924,414
CZN Corazon Ltd 0% 10% 21% -27% 0.023 $14,037,603
LKE Lake Resources 0% 3% 2% -6% 0.825 $1,218,586,728
AVZ AVZ Minerals Ltd 0% 0% 0% 16% 0.78 $2,752,409,203
GBR Greatbould Resources 0% -4% -3% -40% 0.087 $37,102,452
STK Strickland Metals 0% -5% -38% -36% 0.038 $54,604,480
HXG Hexagon Energy 0% 0% 0% -73% 0.017 $8,719,570
MNS Magnis Energy Tech 0% 14% 29% -15% 0.42 $407,539,223
GED Golden Deeps 0% 11% -17% -5% 0.01 $11,552,267
ADV Ardiden Ltd 0% 14% -6% -43% 0.008 $21,506,683
FFX Firefinch Ltd 0% 0% 0% -11% 0.2 $236,248,644
EGR Ecograf Limited 0% -2% -30% -62% 0.215 $96,821,694
ATM Aneka Tambang 0% 17% -9% -5% 1.05 $1,368,831
PUR Pursuit Minerals 0% 31% 24% -13% 0.021 $22,850,997
LEG Legend Mining 0% 10% -16% -35% 0.044 $121,225,972
TON Triton Min Ltd 0% 3% 32% 6% 0.037 $51,163,015
BNR Bulletin Res Ltd 0% 13% -13% 5% 0.105 $29,359,110
EMS Eastern Metals 0% 13% -43% -66% 0.085 $3,320,475
GSM Golden State Mining 0% -2% -7% -53% 0.042 $4,914,597
LSR Lodestar Minerals 0% 0% -23% -50% 0.005 $8,692,187
EMC Everest Metals Corp 0% 27% -5% -29% 0.1 $10,111,145
KZR Kalamazoo Resources 0% 2% -4% -34% 0.215 $31,996,165
JMS Jupiter Mines. 0% 7% 18% 7% 0.235 $440,772,982
RBX Resource B 0% 6% -31% -55% 0.09 $5,136,285
EMT Emetals Limited 0% 10% 0% -39% 0.011 $9,350,000
AVW Avira Resources Ltd 0% 0% 0% -40% 0.003 $6,401,370
SRZ Stellar Resources 0% 0% -19% -41% 0.013 $15,069,464
ZNC Zenith Minerals Ltd 0% -8% -26% -32% 0.245 $86,167,981
CLZ Classic Min Ltd 0% -16% -77% -94% 0.008 $8,410,693
SUM Summitminerals 0% -7% 0% 0% 0.135 $3,461,857
WCN White Cliff Min Ltd 0% -7% 18% -41% 0.013 $9,792,707
KFM Kingfisher Mining 0% 16% 129% 108% 0.55 $28,431,001
WC1 Westcobarmetals 0% -3% 65% 18% 0.165 $13,989,317
KTA Krakatoa Resources 0% -2% -10% -17% 0.043 $14,822,526
TKM Trek Metals Ltd 0% -3% 14% -20% 0.074 $26,204,046
A11 Atlantic Lithium 0% 13% 0% 0% 0.7 $411,904,329
L1M Lightning Minerals 0% 21% 0% 0% 0.2 $6,895,181
OZL OZ Minerals 0% 0% 48% 11% 27.925 $9,343,445,006
ARU Arafura Rare Earths 0% 21% 61% 188% 0.5625 $1,212,469,730
E25 Element 25 Ltd -1% 13% 70% -18% 0.995 $179,896,557
S32 South32 Limited -1% 15% 20% 19% 4.59 $21,351,625,980
EUR European Lithium Ltd -1% 9% 5% -30% 0.081 $120,286,852
MIN Mineral Resources. -1% 17% 68% 68% 90.31 $17,564,166,765
ARL Ardea Resources Ltd -1% 11% -37% 31% 0.79 $133,772,162
PAM Pan Asia Metals -1% -5% 8% -32% 0.39 $54,336,568
AZI Altamin Limited -1% -4% -19% 20% 0.077 $31,337,340
SGQ St George Min Ltd -1% 10% 150% 1% 0.075 $62,601,760
WMG Western Mines -2% 0% -9% -3% 0.16 $6,770,363
FTL Firetail Resources -2% -11% -45% 0% 0.1425 $9,262,500
MMC Mitremining -2% 0% 133% 56% 0.28 $7,719,254
NIC Nickel Industries -2% 13% 1% -24% 1.1 $3,274,462,966
DTM Dart Mining NL -2% 0% -25% -34% 0.055 $8,559,131
VMS Venture Minerals -2% 20% -2% -33% 0.0275 $47,701,105
VML Vital Metals Limited -2% 39% -38% -48% 0.0265 $137,959,894
RNU Renascor Res Ltd -2% 23% 26% 26% 0.265 $647,548,912
IMI Infinitymining -2% -7% 113% 59% 0.255 $19,501,971
CHN Chalice Mining Ltd -2% 2% 33% -15% 6.435 $2,401,733,098
LPM Lithium Plus -2% -5% -18% 0% 0.3525 $17,726,870
IGO IGO Limited -2% 10% 34% 25% 14.83 $11,873,959,308
SYR Syrah Resources -2% 9% 52% 32% 2.24 $1,562,429,754
NVX Novonix Limited -2% 23% -36% -75% 1.805 $941,908,894
A8G Australasian Metals -3% 0% -24% -63% 0.19 $7,822,394
RXL Rox Resources -3% 9% -25% -58% 0.19 $42,353,580
PTR Petratherm Ltd -3% 22% -16% 92% 0.071 $15,507,829
KOB Kobaresourceslimited -3% 25% 17% 0% 0.175 $14,820,000
FRS Forrestaniaresources -3% 18% 10% -56% 0.165 $10,047,065
SRI Sipa Resources Ltd -3% 0% -16% -26% 0.032 $7,757,377
EMN Euromanganese -3% -10% -7% -30% 0.32 $82,262,629
CMX Chemxmaterials -3% -16% 0% -35% 0.155 $7,852,475
BKT Black Rock Mining -3% 11% -12% -27% 0.15 $152,309,825
VMC Venus Metals Cor Ltd -3% 11% -14% -19% 0.15 $25,821,409
1AE Auroraenergymetals -3% 0% -32% 0% 0.15 $20,254,440
WC8 Wildcat Resources -3% 21% 21% -9% 0.029 $19,198,659
MEK Meeka Metals Limited -3% -15% 12% 61% 0.058 $64,056,536
TEM Tempest Minerals -4% 17% -33% 23% 0.027 $13,628,687
MTM Mtmongerresources -4% 1% -24% -38% 0.08 $4,618,962
AGY Argosy Minerals Ltd -4% 12% 60% 94% 0.64 $933,930,986
GAL Galileo Mining Ltd -4% 2% -18% 371% 0.895 $178,850,559
LMG Latrobe Magnesium -4% -5% -16% -30% 0.073 $118,407,007
RDT Red Dirt Metals Ltd -4% 2% 24% -25% 0.485 $224,047,032
NMT Neometals Ltd -4% 6% -24% -38% 0.845 $475,357,411
CAE Cannindah Resources -4% 0% 4% 2% 0.24 $134,316,338
CWX Carawine Resources -4% 20% 9% -27% 0.12 $23,618,096
BYH Bryah Resources Ltd -4% -8% -20% -56% 0.024 $7,031,337
KOR Korab Resources -4% -20% 14% -52% 0.024 $8,075,100
PBL Parabellumresources -4% 41% 140% 140% 0.48 $25,172,350
SBR Sabre Resources -4% 21% 15% -8% 0.046 $13,408,365
AM7 Arcadia Minerals -4% 12% 64% -4% 0.23 $10,507,026
LRS Latin Resources Ltd -4% 17% 47% 259% 0.115 $264,198,590
BC8 Black Cat Syndicate -4% 9% 2% -32% 0.3875 $106,460,781
IPT Impact Minerals -5% 50% 17% -23% 0.0105 $24,813,706
ADD Adavale Resource Ltd -5% 11% -13% -55% 0.021 $10,202,913
RAS Ragusa Minerals Ltd -5% -9% 38% 46% 0.105 $14,259,879
AXE Archer Materials -5% 1% -16% -42% 0.62 $155,604,504
CTM Centaurus Metals Ltd -5% 0% 14% -2% 1.125 $489,036,683
AAJ Aruma Resources Ltd -5% 53% 21% -1% 0.081 $13,027,805
WKT Walkabout Resources -5% -29% -42% -52% 0.1 $61,171,827
INR Ioneer Ltd -5% 15% -22% -34% 0.4375 $975,727,294
COB Cobalt Blue Ltd -5% -3% -31% 16% 0.565 $214,633,367
LIN Lindian Resources -5% 50% 72% 627% 0.2325 $219,996,409
LPI Lithium Pwr Int Ltd -5% 2% -16% -29% 0.45 $295,675,853
WML Woomera Mining Ltd -5% -5% 14% -9% 0.018 $18,167,063
BCA Black Canyon Limited -6% 6% 11% 11% 0.255 $11,210,619
MLX Metals X Limited -6% 9% 33% -16% 0.42 $385,588,078
FGR First Graphene Ltd -6% -12% -27% -40% 0.099 $58,131,639
QXR Qx Resources Limited -6% 17% 63% 26% 0.049 $44,843,116
ESR Estrella Res Ltd -6% 14% 0% -52% 0.016 $23,737,150
CMO Cosmometalslimited -6% 15% 19% -23% 0.155 $3,954,050
PSC Prospect Res Ltd -6% -6% -6% 174% 0.1125 $50,848,541
QPM Queensland Pacific -6% 2% -22% -32% 0.1125 $200,830,011
EVR Ev Resources Ltd -6% 7% -44% -77% 0.015 $14,863,745
NC1 Nicoresourceslimited -6% -2% -29% 45% 0.6 $51,875,751
CHR Charger Metals -6% -19% -27% -54% 0.36 $15,300,029
ODE Odessa Minerals Ltd -7% -7% -7% -18% 0.014 $9,897,371
HAS Hastings Tech Met -7% -1% -15% -32% 3.48 $476,668,717
BRB Breaker Res NL -7% 0% 64% 45% 0.32 $104,530,005
SLZ Sultan Resources Ltd -7% -12% -21% -55% 0.075 $6,246,329
AR3 Austrare -7% -23% -30% -63% 0.31 $29,988,489
PRL Province Resources -8% 0% -40% -54% 0.06 $73,252,575
ENV Enova Mining Limited -8% -20% -25% -40% 0.012 $5,863,940
PNT Panthermetalsltd -8% -10% -22% -29% 0.18 $5,381,250
G88 Golden Mile Res Ltd -8% 10% -12% -57% 0.023 $5,114,744
IXR Ionic Rare Earths -8% 3% -24% -40% 0.034 $134,048,567
AUZ Australian Mines Ltd -8% 4% -23% -70% 0.055 $30,943,444
XTC Xantippe Res Ltd -8% 10% -31% -39% 0.0055 $61,752,208
TMT Technology Metals -9% -9% -19% 0% 0.32 $69,242,104
NKL Nickelxltd -9% -9% -42% -48% 0.073 $6,062,267
RLC Reedy Lagoon Corp. -9% 0% -29% -70% 0.01 $5,667,196
VTM Victory Metals Ltd -9% -9% 8% -2% 0.2 $10,733,739
PAN Panoramic Resources -10% 3% -8% -28% 0.18 $389,673,661
POS Poseidon Nick Ltd -10% 1% -25% -58% 0.0405 $139,565,266
VRC Volt Resources Ltd -11% -17% -31% -38% 0.0125 $50,432,510
PGD Peregrine Gold -11% 35% 25% 5% 0.525 $20,926,020
S2R S2 Resources -11% -6% 10% -11% 0.16 $58,884,351
GRE Greentechmetals -11% -14% -44% -59% 0.12 $3,551,900
TVN Tivan Limited -11% 7% -11% 4% 0.077 $115,238,712
ABX ABX Group Limited -12% 0% -26% 10% 0.115 $27,948,852
MLS Metals Australia -12% 17% -13% 30% 0.052 $33,386,991
MQR Marquee Resource Ltd -12% 0% -48% -70% 0.037 $12,106,678
KNI Kunikolimited -13% 0% -36% -44% 0.51 $28,252,861
MRC Mineral Commodities -13% -12% -31% -58% 0.061 $39,412,989
STM Sunstone Metals Ltd -14% 3% -24% -50% 0.038 $99,576,964
GRL Godolphin Resources -14% 14% 8% -30% 0.095 $11,245,097
OCN Oceanalithiumlimited -14% 7% -20% 0% 0.37 $13,837,320
THR Thor Energy PLC -14% 0% -40% -50% 0.006 $8,731,877
AOA Ausmon Resorces -14% -14% 0% 0% 0.006 $5,143,736
GSR Greenstone Resources -15% -9% -40% -37% 0.029 $33,311,948
AS2 Askarimetalslimited -16% 33% 115% 63% 0.58 $29,631,317
BUX Buxton Resources Ltd -16% -9% 31% 50% 0.105 $18,671,228
KAI Kairos Minerals Ltd -16% -9% -24% -22% 0.021 $45,174,150
MCR Mincor Resources NL -17% 2% -20% -5% 1.54 $867,250,630
JRV Jervois Global Ltd -19% -10% -36% -60% 0.2475 $571,796,765
CLA Celsius Resource Ltd -19% 6% 6% -43% 0.017 $29,598,752
TMB Tambourahmetals -22% 0% -42% -55% 0.105 $4,943,112
CAI Calidus Resources -32% 2% -62% -60% 0.275 $125,179,173
CNJ Conico Ltd -33% 41% -59% -65% 0.012 $18,914,585
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Weekly  Standouts

LINCOLN MINERALS (ASX:LML)

It looks like a bit of value discovery going on over at LML, which is up ~500% since relisting on the ASX earlier this month.

In 2022, LML received an unsolicited takeover offer from fellow South Australian project developer Quantum Graphite (ASX:QGL).

The initial all share offer (1 QGL share for every 40 LML Shares held) was rejected by the board and substantial shareholders in the company, but QGL recently extended its offer again for the third time.

The potential takeover target now has a market cap of $34m — well above QGL’s ~$6m valuation, even taking into account QGL’s substantial share price rise since October last year.

LML’s main game is the advanced Kookaburra Gully project in South Australia, which has a 3.88Mt resource grading 12.6% TGC for 489,360t of contained graphite.

The company is currently defining targets for drilling in 2023.

“The 2023 drilling program will be finalised over the coming weeks and high priority targets will be considered first for drilling, taking into consideration the logistics, planning and permitting lead times,” LML said 16 December.

 

ANSON RESOURCES (ASX:ASN)

The advanced project developer is embarking on a major resource expansion program at its flagship 1Mt Paradox lithium brines project in Utah.

The plan is to convert the existing inferred resource and exploration target in the Western area of the project to indicated and inferred resources.

The exploration target in the Western area is 2.10–2.56Bt of brine grading 108–200ppm lithium and 2,000–3,000ppm bromine.

Drilling is expected to start in the current quarter.

In September, the high-flying lithium project developer released its project definitive feasibility study (DFS).

The headline numbers for Phase 1 development are as follows:

  • Capital expenditure of US$495 million
  • Production of up to 13,074 tonnes per annum
  • Revenues of US$5,080m over 23 years of operations
  • Pre-tax NPV7 of US$1,306 million, pre-tax IRR of 47%
  • Post commissioning payback period of two years
  • First production in 2025

ASN assumed a long-term price assumption of ~US$19,000 per tonne of battery grade lithium carbonate for the DFS.

At current lithium carbonate spot prices of above US$70,000 per tonne, pre-tax NPV and IRR jump to $5,149m and 98%, respectively.

That’s super profits territory.

Read MoreBattery MetalsCobaltElectric VehiclesLithiumManganeseNickel

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