• US government considers setting price floors for critical minerals like lithium
  • CME is launching a spodumene futures contract this month
  • Liontown makes price public for Kathleen Valley lithium shipment

 

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

 

Pricing is the word of the week, off the back of a swathe of price-related news for critical minerals.

It’s no secret lithium is prone to wild price fluctuations, hindering prospects of raising capital as lenders lack an effective mechanism to manage price risk.

Following record highs in early 2023, lithium prices have seen the largest contraction amongst battery minerals, falling over 60% year-on-year due to a combination of slowing EV sales growth and surging Chinese-financed supply shifting the market into oversupply.

These falling prices and broader inflationary pressures have stressed project economics, already leading to closures and delays in numerous critical mineral operations in the west.

That’s one of the reasons why the US government is considering more robust measures – like setting price floors for critical minerals in a policy that would see them cover the difference once prices fall below a certain threshold.

However, if the measures were to be enacted, Benchmark Minerals Intelligence analysis indicates that the US could face up to $7.5 billion in potential liabilities for lithium alone between 2025 and 2030. 

 

 

Spodumene futures launch pending

In this pricing environment, CME Group, the world’s leading derivatives marketplace, has announced plans to expand its battery metals suite and launch a Spodumene CIF China (Fastmarkets) Futures contract.

It looks to be a valuable tool for the industry to manage risk associated with the spodumene price, conversion margins, as well as take a view on the lithium conversion spread itself.

“Our suite of cobalt and lithium products serve an important role in the rapidly evolving battery metals space, with industry adoption accelerating,” CME Group global head of markets Jin Hennig said.

“With this launch of spodumene futures, we will expand hedging capabilities, making it easier for the market to manage the price differences across products in the lithium value chain.”

Albemarle’s global product pricing manager Peter Hannah said he welcomes the launch, which complements the lithium market’s evolving risk management needs.

“We recognise that trust in physical prices underpins confidence in futures trading, and are proud that our bidding event price discovery initiative has added valuable transparency to the spot market,” he said.

“The combination of liquid and robust physical and futures pricing mechanisms can help our industry grow.”

The move comes as lithium giant Liontown Resources (ASX:LTR) this week publicly disclosed its spodumene sales price of 6% equivalent or US$802/t for its first 10,000t shipment of 5.2% Li2O concentrate from the +500,000tpa Kathleen Valley project in WA to a Singapore-based trader.

“Developing a liquid and transparent lithium market is essential for all the players in the battery value chain and CME Group continues to work towards this goal,” Liontown chief commercial officer Grant Donald said.

“A forward curve for key materials across the entire supply chain will be essential to effectively manage price risk for the rapidly growing clean energy market.”

The spodumene futures will be launched on October 28, 2024, pending regulatory review.

 

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 >>>

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

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

Australian Rare Earths (ASX:AR3)

A resource expansion at Koppamurra has expanded the resource by 27% up to 236Mt, which includes a 70% upgrade of its higher-grade core, now 68Mt at >1000ppm.

That’s some very decent grades and puts South Australia and Victoria (it cuts through the border) on the radar to contain its very own world-class ionic clay-hosted REE deposit, which AR3 has been proving up for the past few years.

The results further back up the company’s bold theory that Koppamurra is a discovery of “multi-generational significance”.

It’s gearing towards an accelerated timeline for developing the resource and now has a large swathe of tonnes in the higher confidence indicated category that makes up just 2% of its massive 7700km2 landholding in the region.

 

Lithium Universe (ASX:LU7)

Lithium Universe has outlined robust economics in its pre-feasibility study for its planned Bécancour lithium refinery in Quebec, despite the challenging lithium price environment.

The refinery is expected to deliver pre-tax net present value and internal rate of return – both measures of profitability – of US$779m and 23.5% respectively.

This is based on a price forecast of US$1,170/t for 6% Li2O spodumene and US$20,970/t for battery grade lithium carbonate.

Operating costs are estimated at US$3,976/t while payback on the Capex of US$494m is expected to be ~3.5 years.

Annual revenue and EBITDA are expected to be US$383m and US$147m from the refinery, which is designed to produce 18,270t of green, battery-grade lithium carbonate per annum.

 

Pantera Minerals (ASX:PFE)

The company has completed the 3D Static Geological Model, delivered by SLB, that details the subsurface geology and reservoir characteristics of the Smackover lithium brine project in Arkansas, USA.

The development of a 3D Static Geological Model is seen as a critical step in de-risking and optimising the exploration planning, workflow and project development.

PFE says the subsurface model confirms that the project has the potential to host a large and world-class lithium brine resource, analogous to neighbouring Arkansas super majors Exxon Mobil and Equinor/Standard Lithium, both with advanced lithium brine projects.

The plan is now re-enter the first well to test lithium brine grade through independent labs.

 

 

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