• The US Department of Energy’s loan programs office is open to Aussie producers
  • Energy Secretary Jennifer Granholm wants to reduce reliance on China’s battery metals
  • Rimfire Pacific Mining gains full control of the Broken Hill Cobalt Project

 

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

 

US Energy Secretary Jennifer Granholm has told Aussie developers of battery metals projects they can win support from the US Government for their projects.

It’s all part of America’s plan to counter the dominance of China in refining and producing key materials like lithium, rare earths and cobalt.

Just yesterday, US Treasury Secretary Janet Yellen said the country wants to end its “undue dependence” on rare earths, solar panels and other key goods from China to prevent Beijing from cutting off supplies as it has done to other countries.

And President Joe Biden even invoked the 1950 Defense Production act earlier this year to encourage domestic production.

Granholm says the concern is that critical minerals could be weaponised.

“Our concern is that critical minerals could be vulnerable to manipulation, as we’ve seen in other areas, or weaponisation,” she said in a meeting in Sydney with companies including BHP Group (ASX:BHP), Rio Tinto (ASX:RIO) and Lynas Corp (ASX:LYC).

“We are very serious about establishing strong relationships with Australia, and with you and with your potential customers for offtake.”

Granholm also said that producers in Australia can access support through the Department of Energy’s loan programs office.

And some are already waaaaay ahead of the rest.

Graphite producer Syrah Resources (ASX:SYR) has facilities in Louisiana, and in April won a $107 million commitment from the loan programs office.

Plus, Lynas signed a contract with the US Department of Defense to establish a rare earths plant in Texas just last month.

 

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]

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

Code Company Price % Year % Six Month % Month % Week Market Cap
TSC Twenty Seven Co. Ltd 0.003 -40% -40% 0% 50% $7,982,441.72
RMX Red Mount Min Ltd 0.007 -26% -36% 40% 40% $9,854,183.15
PEK Peak Rare Earths Ltd 0.515 -47% -41% 32% 39% $103,674,268.50
NWC New World Resources 0.039 -47% -49% 22% 30% $55,891,598.77
EMH European Metals Hldg 0.835 -45% -40% 16% 28% $85,701,949.19
GSM Golden State Mining 0.051 -69% -54% 24% 28% $4,889,695.40
DEV Devex Resources Ltd 0.29 4% -41% 16% 26% $89,542,431.17
RBX Resource B 0.125 -31% -34% -14% 19% $5,122,062.13
RBX Resource B 0.125 -31% -34% -14% 19% $5,122,062.13
AKN Auking Mining Ltd 0.089 -47% -34% 17% 17% $7,176,571.99
CML Chase Mining Limited 0.014 -18% -7% -13% 17% $6,553,858.65
ARL Ardea Resources Ltd 0.91 93% 33% 3% 15% $140,033,661.90
E25 Element 25 Ltd 0.645 -70% -55% 22% 15% $85,517,806.64
CNB Carnaby Resource Ltd 1.08 213% -38% 38% 15% $160,462,592.34
VUL Vulcan Energy 6.19 -34% -37% 15% 15% $847,111,628.91
IPT Impact Minerals 0.008 -45% -41% 0% 14% $19,850,964.45
ASN Anson Resources Ltd 0.125 71% -24% 19% 14% $118,209,918.53
EUR European Lithium Ltd 0.072 31% -49% 26% 13% $99,683,381.74
SBR Sabre Resources 0.0045 13% 13% 0% 13% $13,948,655.04
GW1 Greenwing Resources 0.24 -13% -52% 4% 12% $29,579,363.76
ENT Enterprise Metals 0.01 -33% -37% -9% 11% $6,446,468.55
ARU Arafura Resource Ltd 0.315 163% 40% 2% 11% $509,028,757.90
ZNC Zenith Minerals Ltd 0.265 2% -34% -12% 10% $91,362,003.94
PNN Power Minerals Ltd 0.43 30% -25% -5% 10% $25,221,914.65
MRD Mount Ridley Mines 0.0055 38% -27% -8% 10% $29,295,142.20
IPX Iperionx Limited 0.69 -27% -30% -13% 10% $101,007,713.52
KFM Kingfisher Mining 0.24 17% 0% 0% 9% $7,533,900.22
MCR Mincor Resources NL 1.795 50% 3% 3% 9% $833,111,406.84
PNT Panthermetalsltd 0.22 0% -6% 16% 9% $5,945,000.00
BMM Balkanminingandmin 0.19 -49% -66% 0% 9% $6,222,500.00
AOA Ausmon Resorces 0.0065 30% -7% 8% 8% $4,286,446.72
QPM Queensland Pacific 0.135 -10% -36% 29% 8% $203,269,707.03
S2R S2 Resources 0.145 0% -36% 0% 7% $49,892,479.70
TNG TNG Limited 0.074 23% -20% 21% 7% $94,412,439.10
A8G Australasian Metals 0.225 55% -68% 7% 7% $8,851,656.21
CNJ Conico Ltd 0.031 -11% -20% 15% 7% $42,108,026.76
KGD Kula Gold Limited 0.031 -43% -37% 24% 7% $6,455,268.96
RFR Rafaella Resources 0.032 -67% -58% -6% 7% $6,574,061.93
CLA Celsius Resource Ltd 0.017 -48% -37% -6% 6% $18,932,719.40
CTM Centaurus Metals Ltd 0.94 13% -27% -1% 6% $395,073,302.53
PRL Province Resources 0.089 -39% -39% 51% 6% $100,820,077.02
PGD Peregrine Gold 0.445 -6% -36% 25% 6% $17,037,567.71
ESS Essential Metals Ltd 0.375 188% -29% 1% 6% $91,200,347.25
RLC Reedy Lagoon Corp. 0.019 12% -56% 6% 6% $10,591,111.33
SYA Sayona Mining Ltd 0.1475 92% -2% 5% 5% $1,195,779,137.15
CAE Cannindah Resources 0.2 233% -33% 11% 5% $104,909,491.64
NTU Northern Min Ltd 0.041 8% -21% 5% 5% $189,540,440.66
AAJ Aruma Resources Ltd 0.065 7% -34% -3% 5% $9,888,574.69
PLS Pilbara Min Ltd 2.4 51% -38% 14% 5% $7,263,510,056.96
KAI Kairos Minerals Ltd 0.023 -23% -28% 15% 5% $43,166,056.80
STM Sunstone Metals Ltd 0.047 176% -55% 18% 4% $119,436,535.27
LTR Liontown Resources 1.03 43% -42% 0% 4% $2,257,991,953.94
KTA Krakatoa Resources 0.052 0% 0% -4% 4% $17,580,205.77
WMG Western Mines 0.13 0% -28% -13% 4% $4,762,225.00
LPD Lepidico Ltd 0.029 164% -38% 7% 4% $182,200,802.92
AX8 Accelerate Resources 0.029 -17% -31% -6% 4% $7,843,308.07
ODE Odessa Minerals Ltd 0.0145 164% -34% 32% 4% $8,057,266.62
G88 Golden Mile Res Ltd 0.03 -50% -38% -25% 3% $6,111,978.42
G88 Golden Mile Res Ltd 0.03 -50% -38% -25% 3% $6,111,978.42
BKT Black Rock Mining 0.155 11% -35% -3% 3% $141,702,068.67
RNU Renascor Res Ltd 0.16 119% -41% 7% 3% $344,706,150.08
SRL Sunrise 2.27 19% 2% -5% 3% $208,934,279.28
NC1 Nicoresourceslimited 0.82 0% 310% 6% 3% $72,853,751.67
TON Triton Min Ltd 0.0175 -51% -50% -27% 3% $20,140,546.83
MAN Mandrake Res Ltd 0.036 -70% -40% -8% 3% $17,311,749.11
CHN Chalice Mining Ltd 3.915 -45% -54% -5% 2% $1,493,899,860.18
LOT Lotus Resources Ltd 0.21 27% -28% -9% 2% $205,556,507.31
FTL Firetail Resources 0.21 0% 0% -31% 2% $12,974,325.00
MRC Mineral Commodities 0.086 -43% -46% -7% 2% $46,009,194.52
CXO Core Lithium 0.94 318% 2% -19% 2% $1,646,554,930.20
GSR Greenstone Resources 0.047 124% 68% -2% 2% $48,172,823.38
JRV Jervois Global Ltd 0.495 -5% -31% -7% 2% $775,072,990.11
RXL Rox Resources 0.27 -31% -25% -8% 2% $41,390,532.02
LKE Lake Resources 0.6875 79% -28% -56% 2% $868,568,691.25
LYC Lynas Rare Earths 8.07 31% -27% -7% 2% $7,327,581,818.48
SYR Syrah Resources 1.255 8% -39% 3% 2% $803,331,370.80
COB Cobalt Blue Ltd 0.66 132% 13% 6% 2% $215,708,431.61
LRS Latin Resources Ltd 0.072 47% 80% 9% 1% $134,208,434.82
AR3 Austrare 0.42 -40% -63% 8% 1% $39,984,651.84
AZI Altamin Limited 0.096 12% 35% 1% 1% $37,213,091.44
AZI Altamin Limited 0.096 12% 35% 1% 1% $37,213,091.44
ILU Iluka Resources 8.635 -3% -22% -4% 1% $3,644,191,079.73
PSC Prospect Res Ltd 0.9875 235% 15% 2% 0% $457,636,867.38
VIA Viagold Rare Earth 2 2339% 0% 0% 0% $166,624,808.00
INF Infinity Lithium 0.1125 -20% -45% -17% 0% $45,651,437.26
HNR Hannans Ltd 0.021 204% -63% 0% 0% $54,731,701.00
AVZ AVZ Minerals Ltd 0.78 300% -3% 0% 0% $2,752,409,203.44
FRS Forrestaniaresources 0.15 0% -63% -3% 0% $4,662,945.60
FGR First Graphene Ltd 0.12 -50% -45% -4% 0% $61,603,715.36
GLN Galan Lithium Ltd 0.99 -1% -47% -8% 0% $302,877,365.19
VRC Volt Resources Ltd 0.017 -51% -37% -6% 0% $53,130,620.43
NIC Nickel Industries 0.94 -15% -42% -10% 0% $2,499,115,249.76
BUX Buxton Resources Ltd 0.08 -30% -1% 19% 0% $11,666,327.52
PAN Panoramic Resources 0.185 16% -31% -14% 0% $358,909,950.70
BRB Breaker Res NL 0.195 15% -24% -5% 0% $61,909,776.51
FFX Firefinch Ltd 0.2 32% -22% -13% 0% $236,248,644.20
AQD Ausquest Limited 0.021 0% 17% -19% 0% $17,328,133.68
LML Lincoln Minerals 0.008 0% 0% 0% 0% $4,599,869.49
PUR Pursuit Minerals 0.016 -74% -38% -11% 0% $15,892,787.10
WKT Walkabout Resources 0.215 -10% -25% 0% 0% $97,239,149.08
BOA Boadicea Resources 0.175 -17% -26% 30% 0% $13,597,481.63
NKL Nickelxltd 0.13 -30% -13% 8% 0% $8,073,000.00
EVR Ev Resources Ltd 0.028 22% -66% 8% 0% $25,927,553.99
BNR Bulletin Res Ltd 0.11 81% -4% -15% 0% $30,722,065.50
LRV Larvottoresources 0.195 0% -15% -19% 0% $8,098,837.50
LSR Lodestar Minerals 0.006 -40% -50% -14% 0% $12,169,061.44
TMB Tambourahmetals 0.14 0% -51% -7% 0% $5,972,926.71
TEM Tempest Minerals 0.046 134% 53% 24% 0% $23,724,010.27
JMS Jupiter Mines. 0.185 -38% -18% -5% 0% $362,413,341.11
ENV Enova Mining Limited 0.016 -30% -33% 0% 0% $5,875,440.99
AVW Avira Resources Ltd 0.003 -40% -40% -14% 0% $6,356,370.00
NWM Norwest Minerals 0.031 -62% -53% 3% 0% $5,598,829.00
EVR Ev Resources Ltd 0.028 22% -66% 8% 0% $25,927,553.99
CZL Cons Zinc Ltd 0.02 -41% -29% 0% 0% $7,267,156.26
AKE Allkem Limited 9.96 37% -14% 1% 0% $6,459,476,411.18
OZL OZ Minerals 16.82 -22% -41% -17% 0% $5,640,453,907.15
CAI Calidus Resources 0.61 22% -23% -10% -1% $258,782,158.33
TLG Talga Group Ltd 1.175 -15% -32% 7% -1% $349,195,824.26
GT1 Greentechnology 0.585 0% -40% -19% -1% $107,797,741.16
IGO IGO Limited 9.54 11% -26% -10% -1% $7,307,634,395.45
TMT Technology Metals 0.4 29% 5% 29% -1% $83,929,822.80
IXR Ionic Rare Earths 0.0395 20% -38% -6% -1% $151,031,591.88
BEM Blackearth Minerals 0.077 -27% -55% 8% -1% $20,816,659.09
PAM Pan Asia Metals 0.38 192% -47% -22% -1% $28,089,691.96
NVA Nova Minerals Ltd 0.715 -43% -32% 19% -1% $127,943,622.35
QEM QEM Limited 0.1775 4% -15% -9% -1% $21,285,278.35
AGY Argosy Minerals Ltd 0.33 175% -18% -3% -1% $454,277,080.65
REE Rarex Limited 0.06 -26% -43% -2% -2% $35,905,371.89
MNS Magnis Energy Tech 0.295 4% -50% 0% -2% $289,945,598.70
MNS Magnis Energy Tech 0.295 4% -50% 0% -2% $289,945,598.70
AXE Archer Materials 0.585 -56% -53% -8% -2% $145,353,316.10
IG6 Internationalgraphit 0.285 0% 0% -5% -2% $21,186,908.08
MIN Mineral Resources. 45.2 -25% -30% -13% -2% $8,545,771,360.32
RGL Riversgold 0.0275 -20% 52% -5% -2% $21,178,527.97
PVW PVW Res Ltd 0.27 80% -49% 8% -2% $25,115,906.25
NMT Neometals Ltd 0.98 79% -41% 0% -2% $529,183,222.14
MLS Metals Australia 0.047 18% 18% -8% -2% $27,265,737.17
INR Ioneer Ltd 0.46 14% -42% 21% -2% $964,800,759.76
AZS Azure Minerals 0.205 -24% -49% -23% -2% $63,700,822.81
VML Vital Metals Limited 0.041 -20% -29% -5% -2% $175,160,289.53
POS Poseidon Nick Ltd 0.041 -59% -61% -13% -2% $125,622,340.57
CMO Cosmometalslimited 0.185 0% 0% 54% -3% $4,719,350.00
SGQ St George Min Ltd 0.033 -55% -55% 0% -3% $23,800,605.47
HAS Hastings Tech Met 3.93 16% -27% -6% -3% $393,620,665.00
VMC Venus Metals Cor Ltd 0.16 -14% -11% -11% -3% $25,612,589.28
CHR Charger Metals 0.465 116% -49% 26% -3% $15,150,181.28
SLZ Sultan Resources Ltd 0.093 -51% -56% -7% -3% $7,745,448.18
KOB Kobaresourceslimited 0.155 0% 0% 7% -3% $10,075,000.00
AM7 Arcadia Minerals 0.145 -17% -51% -17% -3% $7,471,662.72
EMN Euromanganese 0.29 -54% -46% 23% -3% $75,147,209.09
LNR Lanthanein Resources 0.0145 0% -40% -15% -3% $12,567,383.55
BHP BHP Group Limited 36.69 -21% -12% -14% -3% $187,154,088,334.30
ATM Aneka Tambang 1.2 20% 9% -4% -4% $1,564,378.80
MLX Metals X Limited 0.3175 30% -40% -20% -4% $294,861,471.78
MMC Mitremining 0.125 0% -38% 4% -4% $3,385,637.50
LMG Latrobe Magnesium 0.075 317% -38% 34% -4% $124,016,873.13
WC8 Wildcat Resources 0.025 0% -39% -17% -4% $16,131,818.18
LEG Legend Mining 0.049 -49% -41% -8% -4% $132,246,514.61
ASO Aston Minerals Ltd 0.096 -36% -9% 1% -4% $106,898,969.66
LPI Lithium Pwr Int Ltd 0.4075 73% -51% 6% -4% $143,149,387.68
HXG Hexagon Energy 0.022 -72% -69% 5% -4% $11,284,149.82
KZR Kalamazoo Resources 0.215 -46% -41% -14% -4% $31,216,790.41
DTM Dart Mining NL 0.062 -52% -33% 5% -5% $8,386,129.92
SRI Sipa Resources Ltd 0.038 -42% -28% 9% -5% $7,790,942.51
WR1 Winsome Resources 0.19 0% -60% -14% -5% $23,644,948.95
VR8 Vanadium Resources 0.074 28% -5% -3% -5% $35,986,940.42
GL1 Globallith 1.06 293% -31% -13% -5% $167,426,660.08
LEL Lithenergy 0.6625 68% -45% -18% -5% $30,250,500.00
LIT Lithium Australia 0.07 -39% -48% 0% -5% $72,478,652.75
BSX Blackstone Ltd 0.175 -55% -75% -10% -5% $82,503,323.88
SCN Scorpion Minerals 0.07 -7% -3% -3% -5% $21,900,858.67
1MC Morella Corporation 0.017 -73% -32% 0% -6% $87,995,637.76
PLL Piedmont Lithium Inc 0.5 -45% -32% -29% -6% $266,423,254.00
S32 South32 Limited 3.42 15% -18% -18% -6% $16,106,941,912.32
MQR Marquee Resource Ltd 0.065 25% -52% -3% -6% $20,515,142.70
AZL Arizona Lithium Ltd 0.08 176% -43% -20% -6% $180,913,256.19
CZN Corazon Ltd 0.016 -53% -60% -27% -6% $9,765,288.91
MRR Minrex Resources Ltd 0.032 78% -52% -14% -6% $33,924,702.75
AZL Arizona Lithium Ltd 0.08 176% -43% -20% -6% $180,913,256.19
ARR American Rare Earths 0.23 167% -23% -13% -6% $92,990,659.96
GBR Greatbould Resources 0.075 -19% -57% 6% -6% $33,829,773.84
WIN Widgienickellimited 0.29 0% -9% 9% -6% $73,809,000.00
STK Strickland Metals 0.056 14% -19% -18% -7% $71,742,421.35
QXR Qx Resources Limited 0.027 93% -36% -7% -7% $23,202,782.67
AML Aeon Metals Ltd. 0.027 -63% -45% 17% -7% $27,751,677.04
PGM Platina Resources 0.026 -70% -57% -19% -7% $11,293,940.89
IMI Infinitymining 0.13 0% -35% 0% -7% $7,762,500.00
EGR Ecograf Limited 0.25 -66% -62% -18% -7% $114,835,032.05
EFE Eastern Resources 0.025 47% -66% 9% -7% $24,860,915.78
AVL Aust Vanadium Ltd 0.037 95% -23% 9% -8% $149,752,525.42
RAG Ragnar Metals Ltd 0.037 -46% -24% -10% -8% $13,650,656.00
CRR Critical Resources 0.037 19% -66% -20% -8% $55,056,563.84
GME GME Resources Ltd 0.085 67% 21% -15% -8% $44,549,307.15
ADD Adavale Resource Ltd 0.024 -71% -63% -14% -8% $9,290,517.26
GRE Greentechmetals 0.24 0% -37% -14% -8% $7,819,999.75
CWX Carawine Resources 0.092 -56% -47% -26% -8% $15,161,778.17
EMT Emetals Limited 0.011 -50% -45% 10% -8% $10,200,000.00
MTM Mtmongerresources 0.11 -46% -19% -4% -8% $4,126,103.63
OMH OM Holdings Limited 0.645 -25% -31% -19% -9% $483,798,285.74
AUZ Australian Mines Ltd 0.073 -68% -66% -13% -9% $33,747,396.55
CMX Chemxmaterials 0.155 0% -23% -9% -9% $6,951,112.65
THR Thor Mining PLC 0.01 -41% -29% 11% -9% $10,689,009.73
RAS Ragusa Minerals Ltd 0.079 -7% -11% -17% -9% $9,555,947.86
KOR Korab Resources 0.018 0% -70% -14% -10% $6,606,900.00
AS2 Askarimetalslimited 0.22 2% -37% -15% -10% $9,358,710.75
WCN White Cliff Min Ltd 0.013 0% -52% -32% -10% $8,496,843.71
GED Golden Deeps 0.0125 -4% 14% -11% -11% $14,440,333.93
ESR Estrella Res Ltd 0.016 -66% -50% -24% -11% $21,239,446.29
GAL Galileo Mining Ltd 1.2 300% 422% -29% -11% $239,851,035.90
MOH Moho Resources 0.024 -66% -63% -11% -11% $3,352,878.12
SHH Shree Minerals Ltd 0.008 -47% -47% 0% -11% $11,146,382.03
SRZ Stellar Resources 0.016 -41% -33% -16% -11% $13,848,493.33
ALY Alchemy Resource Ltd 0.015 2% 25% -21% -12% $15,249,184.91
WML Woomera Mining Ltd 0.015 -31% -25% -17% -12% $10,302,495.99
LPM Lithium Plus 0.36 0% 0% -5% -12% $18,739,644.00
ARN Aldoro Resources 0.14 -65% -64% -3% -13% $13,921,224.38
EMS Eastern Metals 0.13 0% -52% 0% -13% $4,628,000.00
ADV Ardiden Ltd 0.006 -33% -67% -25% -14% $17,344,179.81
RR1 Reach Resources Ltd 0.003 -63% -57% -40% -14% $5,730,151.92
JRL Jindalee Resources 2.4 -2% -19% -16% -15% $142,299,835.68
AOU Auroch Minerals Ltd 0.061 -70% -55% -9% -16% $21,812,406.14
TKL Traka Resources 0.005 -64% -71% -38% -17% $3,443,872.81
FRB Firebird Metals 0.195 -68% -50% -30% -17% $10,235,122.56
BYH Bryah Resources Ltd 0.029 -52% -51% -15% -17% $6,786,215.25
FG1 Flynngold 0.105 -36% -42% -19% -19% $6,726,410.25
CLZDB Classic Min Ltd 0.039 -87% -74% -74% -74% $8,480,138.40
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

 

Weekly Small Cap Standouts


RIMFIRE PACIFIC MINING (ASX:RIM)

This ~$23.8m market cap company says it will regain full control of the Broken Hill Cobalt Project following notice from Perilya – wholly owned subsidiary of China’s Zhongjin Lingnan Mining – of its intention to withdraw from the Windy Ridge joint venture.

Perilya’s withdrawal will become effective upon fulfilling its rehabilitation obligations during the September quarter, meaning it will hold 100% of the project.

The Broken Hill Cobalt Project is prospective for the discovery of economic critical minerals such as cobalt with several priority targets already identified including the Railway Extension target, which lies directly along strike from Cobalt Blue Holdings’ (ASX:COB) Railway cobalt deposit.

RIM is currently pursuing regulatory approvals to enable commencement of exploration activities on the project.

 

LUNNON METALS (ASX:LM8)

Nickel explorer LM8 has hit more than 14% nickel in its ‘best hole’ to date at Baker Shoot, part of the Kambalda Nickel Project in Western Australia’s Goldfields region.

Two distinct but immediately adjacent nickel sulphide zones have been intersected with results returning 23m at 6.78% (>1% nickel cut-off) and 14m at 8.13% nickel and 7m at 5.92% nickel (2m <0.50% nickel in between).

Baker was discovered and progressed to a JORC mineral resource totalling 15,800t nickel metal at 2.8% nickel within nine months of discovery and inside 12 months of Lunnon Metals’ listing on the ASX.

LM8 listed on the bourse back in June 2021 after raising $15m at 30c a share to fund a major diamond and RC drilling initiative at its long-shut Foster and Jan nickel mines in Kambalda.

On its first day, the company climbed more than 50% in early trade, before retracting to 42.5 cents at close for a 42% gain.

LM8 managing director Ed Ainscough says this is another standout result for Baker – the run of five consecutive metres over 10% Ni really is the ‘cherry on top’.

“The fact that Baker has the ability to deliver these nickel grades over such impressive widths and all so close to surface, is exciting for the entire Lunnon Metals team and naturally, of course, for our shareholders.”

LM8 is one Argonaut’s mining research analyst George Ross’ top ASX picks.

 

ANSON RESOURCES (ASX:ASN)

Lithium ASX player ASN has delivered additional high lithium and bromine results in drilling at the Paradox Lithium Project in Utah, USA.

These new results are from the Clastic Zones at Long Canyon No 2, where drilling highlights include 97ppm lithium, 882ppm bromine in Clastic Zone 33 and 240ppm lithium plus 4,115ppm bromine in Clastic Zone 31.

The assays from the Clastic Zones are not part of the existing Paradox resource estimate and will be included in the upcoming resource upgrade to be included in the definitive feasibility study (DFS) currently being completed.

 

GOLDEN STATE MINING (ASX:GSM)

Drilling has kicked off across GSM’s Yule Project in the Western Australia’s Pilbara region targeting lithium and gold targets.

The 1,500m 10-hole program will test a shallow sand-covered, complex greenstone-granitoid structural setting and coincident, elevated to anomalous LCT pathfinder and gold air-core (AC) intersections recorded in 2021 reconnaissance drilling.

GSM’s managing director Michael Moore says investors can look forward to targeted field exploration over the second half of 2022 as it progresses activity on a number of self-generated projects.

 

RIM, LM8, ASN and GSM share prices today: