• Calcium-antimony batteries could be better and cheaper than both lithium-ion and VRFBs for stationary storage
  • There are a few ASX junior stocks dabbling in antimony, including Southern Cross Gold, Red River Resources, Great Northern Minerals, and Nagambie Resources
  • This week’s top battery metal stocks: Lithium Energy, QX Resources and Larvotto 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.

 

To meet electrification targets we need an impossibly large 336 new graphite, lithium, nickel, and cobalt mines by 2035, Benchmark Mineral Intelligence says, and that includes recycling.

A partial solution to this shortfall is substituting some lithium-ion batteries – especially the large ones used for stationary storage – with alternative battery chemistries.

Stationary storage systems are big batteries often designed to store excess power from the grid for use during expensive peak demand periods.

Here, the spotlight ex-lithium is largely on vanadium redox flow (VRFBs) and zinc-bromine batteries, but there’s a new kid on the block that Far East Capital analyst Warwick Grigor is plenty excited about.

 

It’s called a calcium-antimony battery, and even Bill Gates is into it

Grigor says that while lithium-ion is the default at present for stationary storage, and vanadium batteries are gaining more attention, calcium-antimony could be better and cheaper than both.

USA company Ambri has developed a liquid metal battery comprised of a calcium alloy anode, a molten salt electrolyte and a cathode comprised of solid particles of antimony, he says.

Importantly, it does not require in-demand materials like lithium.

“Last year it raised US$144m, with Bill Gates being one of the funders,” he says.

“The antimony-based battery has an expected life span twice that of lithium batteries, experiencing minimal capacity loss over a 20-year life.

“This is a grid-scale storage system for solar and wind energy that, according to Ambri, is “the battery that will change the world”.”

These batteries have progressed past the bench-scale test level and are now going into pilot scale field operations with US company Xcel Energy, which is installing a demonstration battery at the Solar Technology Acceleration Centre in Colorado over the next year.

The Excel facility is one of five similar pilot projects planned for 2023.

 

What is antimony, and how can you invest in it?

Antimony is used for military applications including precision optics, night vision goggles, infrared sensors, military clothing, tanks, and even the manufacture of armour piercing bullets.

Because of its fire-retardant properties, antimony is also widely used in plastics and paints, and its anti-corrosion properties strengthen everything from nuclear energy facilities to batteries and wind turbines.

High-tech devices like smartphones, semiconductors, cars and computers depend on antimony to operate efficiently.

Now you can add batteries to that list.

Like most critical minerals, around 80% of antimony comes from China and Russia.

However there are a few ASX junior stocks dabbling in the space, including Southern Cross Gold (ASX:SXG), Red River Resources (ASX:RVR), Great Northern Minerals (ASX:GNM), and Grigor’s own Nagambie Resources (ASX:NAG).

Grigor, who recently joined the NAG board, says the company is optimistic that typical mine grades at its namesake project in Victoria could be in the range of 5-10% stibnite, “which would make it one of the highest-grade antimony orebodies in the world”.

“As such, it is very well positioned to feed into the strong demand we can see coming from the calcium-antimony battery developments over the next few years,” he says.

READ:  Antimony — One of the most important critical minerals you’ve never heard of

 

Could calcium-antimony be the next big thing?

Tremendous profits have already been made by investors backing battery material companies, Grigor says.

The most obvious ones have been in the lithium space, but one thing is certain; new battery technologies will emerge that provide opportunities for other commodities to outperform.

“Technological development never stops, and the world is always looking for better alternatives,” he says.

“The development of the antimony-based grid storage battery is one such initiative that offers great upside for antimony companies and investors, of which there are very few so far.”

 

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].

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
LEL Lithenergy 78% 3% 9% 103% 1.185 $70,977,000
QXR Qx Resources Limited 67% 165% -4% 486% 0.082 $76,722,022
SHH Shree Minerals Ltd 63% 63% -19% 30% 0.013 $11,146,382
LRV Larvottoresources 56% 18% -4% 0% 0.265 $8,514,163
AAJ Aruma Resources Ltd 39% 12% -52% -6% 0.075 $10,202,498
CZL Cons Zinc Ltd 39% 4% -26% 4% 0.025 $10,184,272
MRR Minrex Resources Ltd 38% 5% -27% 222% 0.058 $61,729,059
RFR Rafaella Resources 37% 37% -2% -49% 0.041 $13,431,283
RGL Riversgold 32% 25% -49% 107% 0.045 $38,038,751
AZS Azure Minerals 31% 10% -32% -26% 0.23 $71,469,216
TNG TNG Limited 31% -15% 7% 18% 0.098 $134,676,568
FRS Forrestaniaresources 30% -14% -37% -33% 0.215 $9,204,430
KGD Kula Gold Limited 29% 79% -24% -21% 0.0375 $12,103,629
AS2 Askarimetalslimited 27% 8% -48% 80% 0.395 $16,827,275
EFE Eastern Resources 27% 36% -28% 3% 0.038 $41,761,018
ESS Essential Metals Ltd 26% 3% 4% 231% 0.53 $133,938,245
BRB Breaker Res NL 21% 11% -2% -11% 0.255 $83,089,437
MRD Mount Ridley Mines 20% 20% -40% -14% 0.006 $41,661,008
NKL Nickelxltd 20% 20% 0% -12% 0.15 $10,246,500
OD6 Od6Metalsltd 20% 11% 0% 0% 0.21 $9,127,992
MRD Mount Ridley Mines 20% 20% -40% -14% 0.006 $41,661,008
OD6 Od6Metalsltd 20% 11% 0% 0% 0.21 $9,127,992
AM7 Arcadia Minerals 19% 16% 23% 64% 0.32 $14,943,325
GRE Greentechmetals 18% -25% -41% 0% 0.165 $5,004,800
BKT Black Rock Mining 17% -8% -36% -6% 0.17 $166,144,258
PLS Pilbara Min Ltd 17% 18% 66% 170% 5.31 $15,550,470,012
CMO Cosmometalslimited 17% -3% -22% 0% 0.14 $3,571,400
RAG Ragnar Metals Ltd 16% -22% -9% -28% 0.029 $10,996,362
QPM Queensland Pacific 15% 0% -21% -40% 0.15 $235,756,970
JRV Jervois Global Ltd 15% 11% -34% 2% 0.5825 $881,455,557
SYR Syrah Resources 15% 1% 14% 77% 1.81 $1,176,851,596
SGQ St George Min Ltd 14% 21% -17% -44% 0.04 $26,600,677
IPT Impact Minerals 14% 14% -37% -48% 0.008 $18,610,279
WCN White Cliff Min Ltd 14% -11% -29% 92% 0.024 $18,690,084
E25 Element 25 Ltd 14% 6% -18% -56% 0.84 $110,715,018
WCN White Cliff Min Ltd 14% -11% -29% 92% 0.024 $18,690,084
PNT Panthermetalsltd 14% 14% -15% 0% 0.205 $6,252,500
NVA Nova Minerals Ltd 14% -20% -26% -36% 0.705 $124,889,667
BEM Blackearth Minerals 14% 6% -23% -13% 0.1 $27,338,476
MTM Mtmongerresources 14% -14% -44% -19% 0.125 $4,876,304
AKE Allkem Limited 13% -6% 14% 80% 14.92 $9,022,861,917
IGO IGO Limited 13% 9% 14% 78% 15.64 $11,616,488,251
GW1 Greenwing Resources 13% 39% -7% 39% 0.39 $46,696,021
PUR Pursuit Minerals 13% -19% -59% -62% 0.013 $12,976,330
DTM Dart Mining NL 13% -20% -4% -41% 0.08 $12,075,192
NWC New World Resources 13% 6% -41% -41% 0.036 $57,253,987
VRC Volt Resources Ltd 13% 4% 35% -7% 0.027 $92,978,586
LKE Lake Resources 12% -22% -46% 84% 1.005 $1,383,023,840
GL1 Globallith 12% 5% -7% 497% 2.3 $352,310,128
M24 Mamba Exploration 12% 26% 16% -31% 0.145 $6,115,375
LRS Latin Resources Ltd 11% -15% -46% 156% 0.1025 $196,750,844
LPI Lithium Pwr Int Ltd 11% -14% -33% 100% 0.56 $222,984,642
MIN Mineral Resources. 11% 2% 19% 68% 73.22 $13,438,343,043
CXO Core Lithium 10% -27% -9% 185% 1.17 $2,091,353,599
RNU Renascor Res Ltd 10% -8% -39% 60% 0.1925 $401,655,239
BOA Boadicea Resources 10% -24% -45% -44% 0.11 $9,712,487
OMH OM Holdings Limited 10% 8% -27% -45% 0.66 $472,718,936
M2R Miramar 10% -17% -44% -50% 0.1 $6,418,666
IXR Ionic Rare Earths 10% 7% -45% 32% 0.045 $178,139,826
KOR Korab Resources 10% 26% -19% 79% 0.034 $12,479,700
MMC Mitremining 9% 6% -19% -24% 0.175 $4,739,893
1VG Victory Goldfields 9% -26% 6% -19% 0.175 $8,237,885
MLX Metals X Limited 9% 7% -56% -14% 0.295 $272,179,820
BNR Bulletin Res Ltd 9% -20% -48% 94% 0.12 $38,036,843
LSR Lodestar Minerals 9% -14% -60% -40% 0.006 $10,430,624
BSX Blackstone Ltd 9% -16% -55% -62% 0.185 $87,546,667
AVL Aust Vanadium Ltd 9% -20% -53% 68% 0.037 $147,382,830
SUM Summitminerals 9% 0% 0% 0% 0.185 $4,327,321
ZNC Zenith Minerals Ltd 9% -2% -23% 41% 0.31 $106,876,306
VMS Venture Minerals 9% -4% -62% -49% 0.025 $41,936,440
CDT Castle Minerals 9% -11% -58% 67% 0.025 $23,987,832
EVR Ev Resources Ltd 8% -10% -57% -19% 0.026 $25,927,554
WMG Western Mines 8% 0% -54% -35% 0.13 $5,128,550
EVR Ev Resources Ltd 8% -10% -57% -19% 0.026 $25,927,554
GLN Galan Lithium Ltd 8% -16% -44% 27% 1.2 $371,575,255
CHR Charger Metals 8% -8% -40% 10% 0.485 $20,712,867
GED Golden Deeps 7% 0% -32% 30% 0.015 $17,328,401
POS Poseidon Nick Ltd 7% -12% -48% -54% 0.046 $140,942,138
VML Vital Metals Limited 7% -22% -50% -44% 0.032 $167,160,657
WML Woomera Mining Ltd 7% 0% -38% -19% 0.016 $15,797,161
VML Vital Metals Limited 7% -22% -50% -44% 0.032 $167,160,657
NIC Nickel Industries 6% -11% -37% -15% 0.7975 $2,103,080,593
IG6 Internationalgraphit 6% 3% -6% 0% 0.34 $26,891,076
CLZ Classic Min Ltd 6% -50% -88% -88% 0.017 $7,611,316
LTR Liontown Resources 6% -14% -11% 8% 1.545 $3,360,546,086
CNB Carnaby Resource Ltd 6% -11% -43% 150% 0.775 $107,697,866
DVP Develop Global Ltd 6% 7% -12% -14% 2.63 $437,147,474
GRL Godolphin Resources 6% 0% -37% -47% 0.088 $10,416,511
HRE Heavy Rare Earths 6% -5% 0% 0% 0.18 $10,707,827
EMH European Metals Hldg 6% -9% -47% -46% 0.73 $79,593,642
PTR Petratherm Ltd 6% 6% 46% 33% 0.073 $16,856,335
MAN Mandrake Res Ltd 6% -14% -37% -38% 0.037 $19,241,997
LYC Lynas Rare Earths 6% -11% -20% 21% 7.895 $6,887,604,084
NC1 Nicoresourceslimited 6% -28% -46% 0% 0.57 $51,875,751
ODE Odessa Minerals Ltd 6% 27% 12% 280% 0.019 $10,205,871
PRL Province Resources 5% -21% -16% -46% 0.079 $95,700,945
LEG Legend Mining 5% 3% -51% -44% 0.04 $104,695,157
CRR Critical Resources 5% 30% -27% 165% 0.061 $90,890,930
EUR European Lithium Ltd 5% -6% -32% -13% 0.082 $109,218,656
ESR Estrella Res Ltd 5% -25% -61% -69% 0.0105 $16,252,119
AOU Auroch Minerals Ltd 5% 2% -55% -62% 0.063 $24,493,379
1MC Morella Corporation 5% -25% -40% -67% 0.021 $121,832,672
AOU Auroch Minerals Ltd 5% 2% -55% -62% 0.063 $24,493,379
MLS Metals Australia 5% -17% -70% 8% 0.043 $26,102,556
GSM Golden State Mining 5% -17% -55% -69% 0.043 $4,680,568
PLL Piedmont Lithium Inc 5% -8% -7% 16% 0.865 $440,521,618
KTA Krakatoa Resources 5% 7% 10% -3% 0.065 $24,129,694
PGM Platina Resources 5% -24% -60% -67% 0.022 $10,279,668
FG1 Flynngold 5% 16% -37% -29% 0.11 $7,046,716
AXE Archer Materials 5% -4% -12% -46% 0.79 $203,743,110
PNN Power Minerals Ltd 5% -30% -34% 18% 0.46 $33,913,806
TON Triton Min Ltd 5% -28% -23% -28% 0.023 $31,804,036
BCA Black Canyon Limited 5% -2% -36% -6% 0.23 $10,313,769
BHP BHP Group Limited 4% 6% -13% 20% 40.32 $202,987,429,679
BUX Buxton Resources Ltd 4% -10% -10% 45% 0.094 $13,124,618
RDT Red Dirt Metals Ltd 4% -13% 5% -23% 0.595 $197,537,515
S32 South32 Limited 4% -13% -26% 4% 3.715 $17,425,206,359
MOH Moho Resources 4% -7% -53% -53% 0.028 $5,606,880
G88 Golden Mile Res Ltd 4% -18% -58% -40% 0.028 $5,728,513
S2R S2 Resources 4% -7% -18% 56% 0.14 $51,674,354
G88 Golden Mile Res Ltd 4% -18% -58% -40% 0.028 $5,728,513
MOH Moho Resources 4% -7% -53% -53% 0.028 $5,606,880
LPM Lithium Plus 3% -15% 0% 0% 0.615 $27,217,102
EGR Ecograf Limited 3% -18% -43% -49% 0.32 $144,106,707
TMB Tambourahmetals 3% 3% -41% -16% 0.16 $6,590,816
WC8 Wildcat Resources 3% -6% -9% -18% 0.032 $20,648,727
ABX ABX Group Limited 3% 0% -13% 57% 0.165 $34,656,576
ILU Iluka Resources 3% -4% -21% 8% 9.59 $3,964,616,969
NVX Novonix Limited 3% -23% -72% -66% 1.785 $883,324,026
AX8 Accelerate Resources 3% 0% -43% -16% 0.036 $9,466,061
GT1 Greentechnology 3% -6% -27% 0% 0.73 $140,192,719
LNR Lanthanein Resources 3% -34% 3% 106% 0.037 $36,587,372
AZL Arizona Lithium Ltd 3% -10% -57% 84% 0.079 $190,384,119
CHN Chalice Mining Ltd 2% -6% -45% -36% 3.81 $1,441,218,253
TMT Technology Metals 2% 16% -13% 13% 0.425 $89,175,437
NTU Northern Min Ltd 2% -2% -27% -4% 0.043 $204,140,635
SLZ Sultan Resources Ltd 2% -10% -45% -54% 0.09 $7,495,595
AKN Auking Mining Ltd 2% 20% -43% -61% 0.091 $9,070,390
ARL Ardea Resources Ltd 2% 0% -44% 127% 0.9275 $160,402,195
WC1 Westcobarmetals 2% -10% 100% 24% 0.28 $8,610,021
ASN Anson Resources Ltd 2% -27% 84% 239% 0.285 $352,244,331
REE Rarex Limited 2% 2% -43% -40% 0.06 $35,342,581
DEV Devex Resources Ltd 2% -24% -44% 14% 0.32 $115,056,517
LMG Latrobe Magnesium 1% -4% -14% 163% 0.079 $128,940,048
AZI Altamin Limited 1% -12% -8% 4% 0.084 $32,904,207
VIA Viagold Rare Earth 0% 0% 0% 178% 2 $166,624,808
INF Infinity Lithium 0% 0% 15% 65% 0.19 $76,962,417
PSC Prospect Res Ltd 0% 8% 124% 411% 0.1 $46,225,946
HNR Hannans Ltd 0% 0% -38% -27% 0.021 $54,731,701
AVZ AVZ Minerals Ltd 0% 0% -30% 156% 0.78 $2,752,409,203
CLA Celsius Resource Ltd 0% 4% -48% -46% 0.014 $22,542,436
FGR First Graphene Ltd 0% -16% -38% -42% 0.105 $63,369,365
SBR Sabre Resources 0% -14% -25% 20% 0.006 $17,489,136
GME GME Resources Ltd 0% -12% -18% 77% 0.115 $69,046,117
ADV Ardiden Ltd 0% -13% -50% -36% 0.007 $18,678,347
CWX Carawine Resources 0% -5% -55% -47% 0.095 $13,094,263
TKL Traka Resources 0% -14% -45% -54% 0.006 $4,132,647
FFX Firefinch Ltd 0% 0% -46% 4% 0.2 $236,248,644
ATM Aneka Tambang 0% 0% 1% 7% 1.15 $1,499,196
ALY Alchemy Resource Ltd 0% 45% 81% 128% 0.029 $31,451,516
RMX Red Mount Min Ltd 0% -29% -50% -44% 0.005 $8,211,819
AQD Ausquest Limited 0% 6% -28% 19% 0.019 $14,852,686
LML Lincoln Minerals 0% 0% 0% 0% 0.008 $4,599,869
MRC Mineral Commodities 0% -6% -38% -48% 0.075 $41,911,452
AML Aeon Metals Ltd. 0% -10% -59% -51% 0.028 $30,616,062
WKT Walkabout Resources 0% 0% -17% 8% 0.173011 $78,248,343
WR1 Winsome Resources 0% 8% -33% 0% 0.35 $47,965,468
BYH Bryah Resources Ltd 0% -7% -55% -53% 0.025 $6,702,083
EMS Eastern Metals 0% 13% -25% 0% 0.135 $5,605,156
TSC Twenty Seven Co. Ltd 0% 0% -29% -43% 0.002 $10,643,256
JMS Jupiter Mines. 0% 3% -25% -13% 0.195 $377,105,774
ENT Enterprise Metals 0% 10% -52% -21% 0.011 $7,182,788
AOA Ausmon Resorces 0% -13% -36% 0% 0.007 $6,001,025
CML Chase Mining Limited 0% -10% -16% -26% 0.012 $5,617,593
FTL Firetail Resources 0% -24% 0% 0% 0.19 $12,974,325
OCN Oceanalithiumlimited 0% -18% 0% 0% 0.52 $17,265,375
MEK Meeka Metals Limited 0% -12% 18% 18% 0.059 $63,506,536
RMX Red Mount Min Ltd 0% -29% -50% -44% 0.005 $8,211,819
GGG Greenland Minerals 0% -25% -36% -58% 0.046 $62,364,225
MEK Meeka Metals Limited 0% -12% 18% 18% 0.059 $63,506,536
AOA Ausmon Resorces 0% -13% -36% 0% 0.007 $6,001,025
OZL OZ Minerals 0% -1% 0% 14% 25.77 $8,602,947,502
JRL Jindalee Resources 0% -13% -46% -1% 2.22 $126,807,515
COB Cobalt Blue Ltd -1% -18% -25% 141% 0.7 $244,647,949
PAM Pan Asia Metals -1% -14% -34% -14% 0.36 $54,336,568
AR3 Austrare -2% -7% -51% -64% 0.325 $32,368,528
TEM Tempest Minerals -2% -16% -72% 52% 0.032 $16,152,518
ARU Arafura Resource Ltd -2% -21% -20% 45% 0.305 $534,617,185
INR Ioneer Ltd -2% -14% -18% 1% 0.595 $1,290,352,457
BMM Balkanminingandmin -2% 7% -22% -58% 0.29 $12,688,173
A8G Australasian Metals -2% 0% -44% -38% 0.28 $11,733,591
EMN Euromanganese -2% -17% -42% -46% 0.26 $67,317,820
RXL Rox Resources -2% -9% -37% -37% 0.24 $40,545,827
WIN Widgienickellimited -2% -26% -52% 7% 0.24 $67,773,464
AGY Argosy Minerals Ltd -2% 0% -5% 150% 0.475 $654,445,663
LOT Lotus Resources Ltd -2% -21% -53% -16% 0.21 $291,726,721
CAE Cannindah Resources -2% -11% -47% 37% 0.205 $109,459,944
ARR American Rare Earths -3% -26% -58% 8% 0.195 $88,876,160
STK Strickland Metals -3% -24% -30% -46% 0.037 $52,533,809
LIT Lithium Australia -3% -12% -51% -53% 0.0535 $64,641,090
MNS Magnis Energy Tech -3% -30% -26% 11% 0.35 $349,319,334
FRB Firebird Metals -3% -5% -52% -65% 0.175 $11,442,866
MNS Magnis Energy Tech -3% -30% -26% 11% 0.35 $349,319,334
ITM Itech Minerals Ltd -3% 8% -27% 0% 0.33 $31,791,667
VUL Vulcan Energy -3% -21% -27% -41% 6.86 $1,003,347,107
GBR Greatbould Resources -3% -3% -22% -41% 0.097 $41,018,601
ADD Adavale Resource Ltd -3% 3% -43% -45% 0.03 $15,251,787
VMC Venus Metals Cor Ltd -3% -12% -19% -21% 0.15 $24,011,802
TAR Taruga Minerals -3% -9% 16% -44% 0.029 $17,341,447
CTM Centaurus Metals Ltd -4% -18% -37% -5% 0.945 $405,750,959
SRL Sunrise -4% -28% -22% 46% 2.32 $215,238,331
KOB Kobaresourceslimited -4% -17% 0% 0% 0.12 $7,800,000
SRI Sipa Resources Ltd -4% 2% -13% -12% 0.046 $9,431,141
VR8 Vanadium Resources -4% 12% -17% 30% 0.091 $43,685,038
QEM QEM Limited -4% -9% -14% 48% 0.215 $26,895,119
SYA Sayona Mining Ltd -4% -34% -32% 39% 0.215 $1,911,415,708
IPX Iperionx Limited -4% -10% -38% -22% 0.85 $143,101,166
HAS Hastings Tech Met -5% -25% -39% -36% 3.32 $401,330,758
LPD Lepidico Ltd -5% -33% -50% -9% 0.02 $123,636,633
MQR Marquee Resource Ltd -5% -25% -50% -8% 0.057 $18,739,437
DRE Dreadnought Resources Ltd -5% -27% 91% 138% 0.088 $279,913,087
CMX Chemxmaterials -6% 0% -33% 0% 0.17 $7,967,241
PGD Peregrine Gold -6% -25% 13% 47% 0.58 $22,652,110
HXG Hexagon Energy -6% 0% -64% -78% 0.016 $8,463,112
EMT Emetals Limited -6% -20% 7% -16% 0.016 $13,600,000
ASO Aston Minerals Ltd -6% -15% -54% -37% 0.079 $91,309,537
KAI Kairos Minerals Ltd -6% 0% -3% -3% 0.03 $58,922,805
XTC Xantippe Res Ltd -6% -17% -46% 200% 0.0075 $65,161,839
PVW PVW Res Ltd -6% -22% -71% -22% 0.145 $13,023,063
RLC Reedy Lagoon Corp. -7% -13% -58% -36% 0.014 $7,803,977
ARN Aldoro Resources -7% -18% -22% -45% 0.21 $21,411,273
SRZ Stellar Resources -7% -7% -50% -52% 0.014 $14,064,833
AUZ Australian Mines Ltd -7% -24% -71% -72% 0.065 $30,466,400
KFM Kingfisher Mining -7% -14% 30% 95% 0.39 $17,698,000
NMT Neometals Ltd -7% -31% -38% 28% 1.05 $591,010,764
SCN Scorpion Minerals -8% -11% 9% 22% 0.073 $23,228,183
ASM Ausstratmaterials -8% -37% -74% -80% 2.04 $295,919,048
RAS Ragusa Minerals Ltd -8% 14% 230% 205% 0.29 $41,268,978
PAN Panoramic Resources -8% -24% -54% -15% 0.17 $369,164,521
MCR Mincor Resources NL -8% -16% -31% 30% 1.68 $820,189,517
RR1 Reach Resources Ltd -8% -21% -31% -39% 0.0055 $9,550,253
IMI Infinitymining -9% 13% 13% 0% 0.215 $14,517,313
STM Sunstone Metals Ltd -9% -31% -56% -31% 0.031 $86,980,955
CZN Corazon Ltd -9% -17% -57% -54% 0.015 $9,765,289
TLG Talga Group Ltd -9% -17% -27% -16% 1.1625 $350,720,697
KZR Kalamazoo Resources -9% -17% -43% -41% 0.195 $29,763,875
IDA Indiana Resources -9% -5% -3% 0% 0.058 $28,060,680
DM1 Desert Metals -9% 13% 13% 54% 0.43 $20,636,482
LIN Lindian Resources -10% -3% 700% 803% 0.28 $251,555,987
THR Thor Mining PLC -10% -25% -47% -47% 0.009 $9,916,186
TKM Trek Metals Ltd -10% -16% -33% -55% 0.054 $17,083,558
PEK Peak Rare Earths Ltd -11% -26% -49% -51% 0.39 $75,682,216
NWM Norwest Minerals -12% -45% -50% -62% 0.03 $9,106,403
GAL Galileo Mining Ltd -12% 14% 464% 396% 1.24 $268,475,234
AVW Avira Resources Ltd -13% -22% -50% -42% 0.0035 $8,475,160
RBX Resource B -13% -18% -53% -52% 0.096 $3,933,744
ENV Enova Mining Limited -18% -7% -36% -30% 0.014 $5,141,011
CAI Calidus Resources -28% -41% -62% -38% 0.365 $207,946,310
GSR Greenstone Resources -52% -57% -19% 21% 0.029 $33,710,518
CNJ Conico Ltd -55% -60% 23% -61% 0.017 $23,279,490
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LITHIUM ENERGY (ASX:LEL)

Drill hole #1 at the flagship Solaroz project hit ~105m of highly conductive brines from 65m depth in sandstones and fine gravels, considered positive due to their porosity and permeability for potential future lithium brine extraction.

Located 10km from Allkem’s (ASX:AKE) Olaroz production field and just 3km from its recently acquired Maria Victoria concession, the diamond drill hole is the first of a high impact 10 hole, 5000m program to convert the massive brine exploration target at Solaroz into resources.

Solaroz has a conceptual exploration target of 1.5 to 8.7 million tonnes of lithium carbonate equivalent based at between ~500mg/L Lithium and 700mg/L Li.

Similar conductive brines are currently being mined by Allkem in adjoining concessions, LEL says, a strong indicator that lithium is also present within the brines in the company’s project.

 

QX RESOURCES (ASX:QXR)

In an exclusive chat with Stockhead, new managing director Steve Promnitz talked about his departure from Lake Resources (ASX:LKE), and what attracted him to start it all again at QXR,  which has projects in the Pilbara region of WA.

“I don’t want to talk about it too much now as I expect some news coming out soon, but the tenements at Turner River are only 15km from Wodgina, one of the largest hard rock lithium projects in the world,” Promnitz says.

“I’m not a nearology guy, but QXR have some pegmatites at surface which look good.

“Results from sampling, followed by geophysics and drilling will show whether we can develop this quickly.

“QXR are reasonably well funded, and relationships with end users can accelerate the timeline for development. One is a shareholder. That may also assist in consolidation if appropriate.”

Promnitz is aiming for QXR to go well for shareholders, he says.

“I can’t promise the x30 uplift like in Lake, but I suspect that even in a tough junior equities market it is going to go well.”

READ: Q+A — An exclusive chat with lithium maestro Steve Promnitz about leaving Lake and his new gig at QX Resources

 

LARVOTTO RESOURCES (ASX:LRV)

LRV has come out of a trading halt after raising $3.4m in a royalty, equity and offtake (REO) deal to expedite lithium exploration at the Eyre project in WA.

The REO was inked with Canadian-based Lithium Royalty Corp (LRC) which will acquire a newly created 1% gross revenue royalty payable if any lithium is extracted or sold by LRV from Eyre.

They will also subscribe for ~11m new shares at an issue price of $0.18 to raise $2m – a small 10% discount to 10-day VWAP — and acquire a 20% life of mine offtake right for lithium from Eyre Project for an extra $700,000.

LRC also holds royalty investments in lithium players like Core Lithium (ASX:CXO – $2.2bn market cap), and Sayona Mining (ASX:SYA – $2.9bn market cap).

The remaining $1.8m of the equity investment is being taken by Waratah Capital, which manages over CAD$4bn in assets and is the founding sponsor of Lithium Royalty Corp.

“Bringing a substantial North American institutional fund onto the register is a huge vote of confidence in our assets and management and will enable the company to accelerate its lithium exploration at the Merivale prospect and other areas within the Eyre Project well beyond what was initially planned on listing,” LRV managing director Ron Heeks says.

“This working capital injection significantly improves our balance sheet and enables Larvotto to confidently progress our various drill programs into 2023.”

The 690sqkm Eyre project is under-explored for lithium and recent work by Liontown Resources (ASX:LTR) in the area has gained significant attention from the investment community, LRV says.

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