Each week our High Voltage column wraps all the news driving ASX battery metals stocks with exposure to lithium, cobalt, graphite, manganese and vanadium.

 

INDUSTRY FOCUS

Last week LG Chem — one of the world’s biggest manufacturers of electric vehicle batteries — predicted that global EV sales would grow more than five-fold from 2018 levels to account for about 15 per cent of global vehicle sales in 2024.

It also said battery costs would fall to $100 per kilowatt hour in 2025 on average, from $200 in 2015, according to Reuters. That’s the point at which EVs become more affordable than internal combustion models.

But 15 per cent by 2024 is huge. It will require huge growth in the raw materials supply chain.

 

 

We currently don’t have enough battery metals projects in the pipeline to hit that target.

For instance; in 2023 there will only be enough battery quality lithium available to meet the equivalent of Tesla’s (1.32 million) and VW’s (1.9 million) EV sales targets, according to Rodney Hooper.

 

 

SMALL CAP SPOTLIGHT

Of the companies on our list, 67 lost ground, 43 were ahead and 39 were steady this week. Here’s where all the winners came from:

Australian Mines (ASX:AUZ) +26%

Market Cap: ~$100m

Right now, Australian Mines is finalising a very large, very complex financing package for the Sconi nickel-cobalt development in Queensland.

Last week, it appointed Les Guthrie to the board. Guthrie has more than 40 years’ experience delivering projects across the mining, infrastructure and energy sectors. He is also the boss at Bedford Road Associates, which helps develop and deliver major capital expenditure programs. Like Sconi.

“It is with pleasure that I join the Australian Mines’ board and look forward to helping the company execute its goal of becoming a major producer of cobalt sulphate and nickel sulphate chemicals for the electric vehicle sector,” Guthrie says.

“I hope to support those efforts at the board level by sharing my global industry experience.”

READ: Is it almost time to get excited about cobalt again?

 

Mithril (ASX:MTH) +20%

Market Cap: ~$2.5 million

A maiden drill program at the Limestone Well Project in WA has already defined a major vanadium-titanium target.

Mithril have hit a continuation of Neometals’ (ASX:NML) advanced Barrambie vanadium-titanium deposit (280.1 million tonnes at 0.44 per cent V2O5 and 9.18 per cent TiO2) – which is right next door.

READ: Neometals taps a cashed-up Chinese partner to help develop the Barrambie vanadium-titanium project

 

Jindalee Resources (ASX:JRL) +13.5%

Market Cap: ~$8.5 million

Jindalee might need to upgrade the exploration target at the flagship McDermitt sedimentary lithium project in the US.

That’s because the mineralised area just keeps getting bigger.

“The combination of multiple mineralised intervals, increased real extent, and greater vertical thickness is strongly supportive of a significant upgrade to the current Exploration Target Range of 160-780 million tonnes at 1300-1600 parts per million lithium,” the company says.

“Shallow depths of mineralisation [also] imply low strip ratios in any future potential development scenario.”

 

Comet Resources (ASX:CRL) + 8.3%

Market Cap: ~$7 million

Comet Resources just hit a very thick, very high grade graphite intersection at the Springdale project in WA.

The very first diamond drill hole targeting identified high-grade graphite mineralisation in the Northern Zone intersected up to 57m grading 22.38 per cent Total Graphitic Carbon (TGC), 35.5m from surface.

“What wonderful results from the first diamond drill hole into the Northern Zone, especially considering how high the grade is over such a broad zone!” Comet chief exec Phillippa Leggat says.

“This is an exciting time for Comet, with the balance of our drilling results to come and metallurgical results to follow, investors can expect great news flow over coming weeks and months.”

 

Here’s a table of ASX battery metal stocks with exposure to lithium, cobalt, graphite, manganese and vanadium>>>

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

Ticker Name 1 Week Total Return % 1 Year Total Return % Price [Intraday Monday] Market Cap
N27 NORTHERN COBALT 84.2105 -32.0754 0.07 $ 5,478,814.00
SBR SABRE RESOURCES 33.3333 -63.6364 0.003 $ 1,901,534.75
LCD LATITUDE CONSOLIDATED 28.5714 -5.2632 0.016 $ 4,953,222.00
AUZ AUSTRALIAN MINES 26.087 -25.641 0.028 $ 93,008,048.00
DGR DGR GLOBAL 25.3164 -38.125 0.099 $ 57,025,916.00
AYR ALLOY RESOURCES 25 -37.5 0.0025 $ 3,386,555.25
PLL PIEDMONT LITHIUM 22.2826 -19.6429 0.11 $ 81,538,032.00
PUR PURSUIT MINERALS 22.2222 -77.551 0.011 $ 3,302,197.75
PNN PEPINNINI LITHIUM 20 -55 0.003 $ 3,142,818.50
MTH MITHRIL RESOURCES 20 -27.8688 0.006 $ 2,451,946.00
ARE ARGONAUT RESOURCES 20 -71.4286 0.006 $ 9,326,284.00
POW PROTEAN ENERGY 16.6667 -70.8333 0.007 $ 1,868,623.50
BOA BOADICEA RESOURCES 15.7895 144.4444 0.22 $ 10,563,192.00
JRL JINDALEE RESOURCES 13.6364 -5.6007 0.25 $ 8,468,736.00
HIP HIPO RESOURCES 13.3333 13.3333 0.017 $ 6,570,678.00
E25 ELEMENT 25 12.8205 37.5 0.22 $ 20,679,136.00
EMH EUROPEAN METALS 12.5 -17.1053 0.29 $ 48,258,844.00
SVD SCANDIVANADIUM 12.5 -64.4737 0.009 $ 3,166,795.00
MRR MINREX RESOURCES 11.1111 -66.6667 0.01 $ 958,777.25
CNJ CONICO 11.1111 -60.7454 0.01 $ 4,228,380.50
HRZ HORIZON MINERALS 11.1111 -3.2258 0.14 $ 66,336,156.00
GBE GLOBE METALS AND MINING 10.5263 50 0.021 $ 8,852,525.00
MZN MARINDI METALS 9.589 -73.3333 0.08 $ 6,075,809.00
VRC VOLT RESOURCES 8.3333 -40.9091 0.013 $ 19,264,888.00
CRL COMET RESOURCES 8.3333 -13.3333 0.025 $ 6,937,500.00
GPX GRAPHEX MINING 7.8947 -22.6415 0.205 $ 21,135,494.00
PIO PIONEER RESOURCES 7.1429 -21.0526 0.015 $ 24,140,140.00
FEL FE 6.6667 6.6667 0.016 $ 7,330,524.50
LTR LIONTOWN RESOURCES 6.5217 295.1362 0.1 $ 167,259,040.00
MTC METALSTECH 5.8823 -68.9655 0.018 $ 2,105,170.00
LPI LITHIUM POWER INTERNATIONAL 5.5556 -13.6364 0.28 $ 78,754,168.00
CXO CORE LITHIUM 5.4054 -22 0.039 $ 30,030,054.00
NVA NOVA MINERALS 5.1282 86.3636 0.04 $ 38,213,400.00
GME GME RESOURCES 5 -36.796 0.063 $ 32,399,546.00
NWC NEW WORLD COBALT 5 -51 0.022 $ 20,956,498.00
NMT NEOMETALS 5 -2.3256 0.21 $ 111,609,832.00
SUH SOUTHERN HEMISPHERE MINING 4.7619 -64.5161 0.022 $ 1,946,328.38
VR8 VANADIUM RESOURCES 4.4444 -60.8333 0.047 $ 15,845,735.00
BEM BLACKEARTH MINERALS 4 -56.6667 0.052 $ 5,682,776.00
GED GOLDEN DEEPS 3.8462 -30.7692 0.027 $ 7,498,546.50
CAZ CAZALY RESOURCES 2.2727 66.6667 0.046 $ 16,613,437.00
JRV JERVOIS MINING 2.2727 -10 0.225 $ 141,159,184.00
BKT BLACK ROCK MINING 1.6393 106.6667 0.059 $ 41,088,356.00
MLL MALI LITHIUM 0 -63.6503 0.083 $ 26,339,894.00
SI6 SIX SIGMA METALS 0 -20 0.004 $ 2,580,012.50
BAR BARRA RESOURCES 0 -44.7368 0.021 $ 11,316,706.00
LRS LATIN RESOURCES 0 -91 0.009 $ 1,401,292.13
MCT METALICITY 0 -66.6667 0.006 $ 4,069,397.75
WCN WHITE CLIFF MINERALS 0 -51.0204 0.006 $ 2,822,099.25
AXE ARCHER EXPLORATION 0 86.6667 0.135 $ 29,563,768.00
PAN PANORAMIC RESOURCES 0 -38.5076 0.315 $ 206,084,256.00
RLC REEDY LAGOON 0 -66.6667 0.003 $ 1,206,815.13
VML VITAL METALS 0 71.4286 0.0125 $ 22,653,946.00
AMD ARROW MINERALS 0 -47.0588 0.009 $ 7,539,418.50
BDI BLINA MINERALS 0 0 0.001 $ 5,454,882.50
SVM SOVEREIGN METALS 0 4.6512 0.09 $ 32,334,630.00
LPD LEPIDICO 0 6.8507 0.02 $ 83,574,696.00
NZC NZURI COPPER 0 28.5714 0.315 $ 94,689,760.00
CGM COUGAR METALS 0 -75 0.001 $ 1,176,583.25
INF INFINITY LITHIUM 0 17.2414 0.068 $ 14,388,778.00
PSM PENINSULA MINES 0 -66.6667 0.002 $ 2,033,744.13
EUC EUROPEAN COBALT 0 -35.2941 0.033 $ 25,136,012.00
PSC PROSPECT RESOURCES 0 -46.2963 0.145 $ 35,392,764.00
PM1 PURE MINERALS 0 25.9259 0.017 $ 8,010,544.00
AZI ALTA ZINC 0 31.7073 0.006 $ 9,149,422.00
CHK COHIBA MINERALS 0 133.3333 0.014 $ 9,304,599.00
CFE CAPE LAMBERT RESOURCES 0 -70.5882 0.005 $ 5,412,369.50
BSM BASS METALS 0 -63.6364 0.009 $ 22,478,996.00
MLS METALS AUSTRALIA 0 -50 0.002 $ 5,914,395.50
HWK HAWKSTONE MINING 0 -60.7143 0.012 $ 10,599,134.00
GPP GREENPOWER ENERGY 0 -75 0.001 $ 2,302,245.25
RIE RIEDEL RESOURCES 0 -60 0.012 $ 5,016,836.50
4CE FORCE COMMODITIES 0 -30.7692 0.018 $ 9,137,786.00
DHR DARK HORSE RESOURCES 0 -41.6667 0.0035 $ 8,030,555.00
TON TRITON MINERALS 0 -15.2174 0.039 $ 36,158,388.00
MLM METALLICA MINERALS 0 -63.6364 0.013 $ 3,888,569.00
AVL AUSTRALIAN VANADIUM 0 -72.5 0.0105 $ 28,020,524.00
CLA CELSIUS RESOURCES 0 -86.9565 0.015 $ 11,358,271.00
BAT BATTERY MINERALS 0 -65.3846 0.009 $ 11,862,824.00
HNR HANNANS 0 -9.0909 0.009 $ 17,891,590.00
KOR KORAB RESOURCES 0 -34.4828 0.019 $ 6,026,790.00
RMX RED MOUNTAIN MINING 0 0 0.005 $ 4,235,184.00
SO4 SALT LAKE POTASH -1.1905 53.7037 0.835 $ 217,588,928.00
SEI SPECIALITY METALS INTERNATIONAL -1.7241 343.005 0.057 $ 57,981,048.00
BYH BRYAH RESOURCES -1.7544 -46.6667 0.056 $ 5,438,935.00
OMH OM HOLDINGS -2.381 -75.2544 0.4 $ 302,835,584.00
MIN MINERAL RESOURCES -2.682 -13.2146 12.81 $ 2,394,494,720.00
VMC VENUS METALS -2.7027 -0.8903 0.18 $ 21,461,644.00
INR IONEER -2.8571 -32 0.17 $ 243,784,784.00
GXY GALAXY RESOURCES -3.1915 -61.1111 0.915 $ 378,768,384.00
ORE OROCOBRE -3.2922 -35.0829 2.34 $ 614,943,488.00
CLQ CLEAN TEQ -3.5714 -39.3258 0.25 $ 197,811,952.00
TLG TALGA RESOURCES -3.7037 -1.8868 0.495 $ 122,186,048.00
WKT WALKABOUT RESOURCES -3.7736 131.8182 0.265 $ 77,642,664.00
TAR TARUGA MINERALS -3.8462 -63.7681 0.025 $ 3,529,181.00
BPL BROKEN HILL PROSPECTING -3.8462 -50.9804 0.025 $ 3,992,851.75
MQR MARQUEE RESOURCES -4.2254 -56.129 0.068 $ 4,452,707.00
LIT LITHIUM AUSTRALIA -4.2553 -54.5946 0.046 $ 25,110,776.00
KSN KINGSTON RESOURCES -4.5455 -3.7366 0.021 $ 37,084,332.00
HAV HAVILAH RESOURCES -4.5455 -44.7368 0.11 $ 21,826,334.00
MEI METEORIC RESOURCES -4.6875 281.25 0.063 $ 61,174,152.00
SRK STRIKE RESOURCES -4.7619 -27.2727 0.04 $ 7,019,639.50
PGM PLATINA RESOURCES -4.7619 -68.75 0.02 $ 6,634,824.50
BUX BUXTON RESOURCES -5 -52.5 0.08 $ 9,795,991.00
LKE LAKE RESOURCES -5 -55.814 0.038 $ 20,526,268.00
ARL ARDEA RESOURCES -5.0505 -22.3141 0.48 $ 52,777,172.00
SYR SYRAH RESOURCES -5.3763 -71.7491 0.4125 $ 181,884,736.00
JMS JUPITER MINES -5.4054 20.2186 0.345 $ 666,056,960.00
DEV DEVEX RESOURCES -6.5934 77.0833 0.085 $ 13,770,770.00
RNU RENASCOR RESOURCES -6.6667 -17.6471 0.014 $ 16,147,941.00
AVZ AVZ MINERALS -6.6667 -54.3478 0.041 $ 94,470,088.00
KAI KAIROS MINERALS -7.1429 -60.6061 0.013 $ 11,079,547.00
CUL CULLEN RESOURCES -7.1429 -37.4331 0.013 $ 2,203,042.75
AGY ARGOSY MINERALS -7.1429 -68.9552 0.067 $ 68,038,640.00
COB COBALT BLUE -7.1429 -55.2222 0.14 $ 20,236,840.00
POS POSEIDON NICKEL -7.5472 0 0.049 $ 134,777,792.00
IDA INDIANA RESOURCES -7.6923 -56.3637 0.024 $ 4,587,367.50
TNG TNG -7.7778 -30.4549 0.079 $ 93,337,248.00
AML AEON METALS -8 -64.6154 0.13 $ 80,888,368.00
LI3 LITHIUM CONSOLIDATED -8 -43.9437 0.038 $ 5,706,584.50
PLS PILBARA MINERALS -8.0645 -63.6943 0.2875 $ 601,909,376.00
TKL TRAKA RESOURCES -8.3333 -68.5714 0.011 $ 4,405,092.50
CHN CHALICE GOLD MINES -9.7561 76.1905 0.18 $ 49,332,264.00
GLN GALAN LITHIUM -9.7561 -41.2698 0.175 $ 26,684,610.00
FGR FIRST GRAPHENE -10 33.3333 0.18 $ 85,448,936.00
ZNC ZENITH MINERALS -10 -25 0.063 $ 13,426,226.00
SYA SAYONA MINING -10 -68.9655 0.009 $ 18,497,974.00
NXE NEW ENERGY MINERALS -10.5263 -81.1111 0.018 $ 2,599,222.50
MNS MAGNIS ENERGY TECHNOLOGIES -11.1111 -45.7627 0.16 $ 101,614,352.00
TMT TECHNOLOGY METALS AUSTRALIA -11.4286 -68.0412 0.155 $ 14,008,667.00
AEE AURA ENERGY -12.5 -63.1579 0.007 $ 9,106,334.00
ADV ARDIDEN -12.5 -56.25 0.0035 $ 6,762,081.00
KTA KRAKATOA RESOURCES -12.963 46.875 0.051 $ 7,350,000.00
AJM ALTURA MINING -13.4328 -73.6364 0.056 $ 139,527,744.00
DTM DART MINING -14.2857 -14.2857 0.006 $ 6,422,257.00
IEC INTRA ENERGY -14.2857 -53.8462 0.006 $ 2,326,344.25
LML LINCOLN MINERALS -16.6667 -50 0.006 $ 2,874,918.50
CZN CORAZON MINING -16.6667 -58.3333 0.002 $ 5,095,901.50
KNL KIBARAN RESOURCES -16.8675 -61.6667 0.066 $ 21,768,788.00
BSX BLACKSTONE MINERALS -17.2414 -11.1111 0.12 $ 22,049,118.00
WML WOOMERA MINING -18.1818 -80.6232 0.019 $ 2,417,255.50
ASN ANSON RESOURCES -18.4211 -58.6667 0.031 $ 19,798,738.00
HXG HEXAGON RESOURCES -19.0476 -60.7692 0.052 $ 14,880,953.00
CZR COZIRON RESOURCES -20 -42.8571 0.008 $ 16,664,410.00
SRN SUREFIRE RESOURCES -20 -11.1111 0.008 $ 4,397,075.50
MZZ MATADOR MINING -22 -35 0.195 $ 21,759,938.00
MTB MOUNT BURGESS MINING -25 -50 0.003 $ 2,080,517.63
THR THOR MINING -33.3333 -80.6452 0.006 $ 6,573,175.00
ANW AUS TIN MINING -33.3333 -89.4737 0.0025 $ 5,911,240.50
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