• WA hits battery milestone with new cathode precursor production pilot plant
  • The facility could add $1 billion to the economy and support 4,800 jobs by 2030
  • Global battery market to grow 9 or 10 times by 2030 and 40-fold by 2050

 

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

 

Western Australia has hit a major battery milestone with the opening of its first cathode facility by the Future Battery Industries Cooperative Research Centre (FBICRC), where the speciality is not acronyms.

The first of its kind in Australia, the cathode precursor production pilot plant will establish the technology and capabilities for Australia to design and build cathode precursor manufacturing facilities on a commercial and industrial scale.

It’s kind of a big deal, because cathode precursors are precisely engineered materials, the highest cost component of a cell, and a crucial element of the battery value chain.

Mines and Petroleum Minister Bill Johnston said Western Australia isn’t just famous for having all the minerals you need to make a battery, “we also have the capabilities to progress down the value chain and grow our battery manufacturing and downstream processing industries”.

 

Could add $1 billion to the economy

The plant is expected to capitalise on Australia’s strong position in mining and its emerging battery metal refining industry.

Not to mention it could deliver $1 billion to the economy and support 4,800 jobs by 2030, FBICRC says.

“Australia has the potential to develop into a competitive player in the international batteries industry,” FBICRC CEO Shannon O’Rourke said.

“The pilot plant launch is a significant step in developing the on-shore capabilities and industry knowledge to create thousands of jobs and add billions of dollars to our economy.”

 

A slice of the battery pie

The global battery market is expected to grow 9-10 times by 2030 and 40-fold by 2050.

In a net-zero world, between now and 2050 over $23 trillion will be spent on batteries.

The FBICRC says Australia is well positioned to capture more of this value – given we are the only country with leading resources of all raw materials required to make high performance batteries including nickel, cobalt, manganese, graphite and lithium.

 

Next step – the testing phase

Over 18 months, the plant will run a series of test campaigns through four fully integrated and automated P-CAM production units, provided by BASF – the largest chemical producer in the world.

The four units will enable the plant to run different compositions and ratios of chemistries simultaneously, or to run the same chemistries under four different conditions, changing variables such as temperature, pH or stirring rate.

Produced P-CAM is then lithiated, calcined and electrochemically tested at the FBICRC funded Electrochemical Testing Facility at the Queensland University of Technology.

 

Developing a downstream battery manufacturing industry

BHP (ASX:BHP) Nickel West has also provided equipment for the precursor facility, repurposed from their Nickel Sulphate pilot plant.

Nickel West asset president Jessica Farrell said the plant is a vital step towards developing a future growth industry in WA.

“The launch of this plant, made possible through the repurposing of equipment from our Nickel Sulphate Pilot Plant, will allow the FBICRC and the State Government to explore further options for a downstream battery materials manufacturing industry,” she said.

“This is another exciting step for BHP as a major supplier of nickel, a commodity highly sought after by car and battery manufactures across the globe.” 

 

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]

Code Company Price % Year % Six Month % Month % Week Market Cap
PRL Province Resources 0.085 -41% -41% 47% 52% $98,475,424.07
KGD Kula Gold Limited 0.032 -29% -33% 7% 39% $6,240,093.33
KZR Kalamazoo Resources 0.235 -39% -39% -16% 34% $32,668,734.15
FRS Forrestaniaresources 0.16 0% -59% 0% 28% $4,662,945.60
BOA Boadicea Resources 0.175 -20% -27% 9% 25% $13,597,481.63
FG1 Flynngold 0.125 -17% -22% -4% 25% $8,327,936.50
CWX Carawine Resources 0.1 -55% -41% -29% 23% $13,783,434.70
DTM Dart Mining NL 0.065 -52% -27% 0% 23% $8,791,910.40
E25 Element 25 Ltd 0.57 -73% -60% -1% 23% $85,517,806.64
AML Aeon Metals Ltd. 0.028 -63% -22% 4% 22% $28,742,808.37
CHR Charger Metals 0.43 100% -20% -5% 21% $15,638,896.80
NKL Nickelxltd 0.145 -15% 7% 4% 21% $8,073,000.00
TNG TNG Limited 0.066 5% -16% 3% 20% $95,800,857.32
KAI Kairos Minerals Ltd 0.024 -23% -11% 9% 20% $43,166,056.80
CZL Cons Zinc Ltd 0.02 -47% -23% -9% 18% $7,267,156.26
LIT Lithium Australia 0.07 -42% -42% -14% 17% $76,620,290.05
PGD Peregrine Gold 0.42 -9% -34% -5% 17% $16,080,400.98
AUZ Australian Mines Ltd 0.071 -70% -62% -19% 16% $37,497,107.28
AOU Auroch Minerals Ltd 0.065 -68% -38% -24% 16% $26,969,981.33
PEK Peak Rare Earths Ltd 0.34 -64% -59% -19% 15% $76,718,958.69
CMO Cosmometalslimited 0.19 0% 0% 46% 15% $4,846,900.00
NWM Norwest Minerals 0.031 -61% -56% -11% 15% $5,598,829.00
SRI Sipa Resources Ltd 0.04 -26% -15% 3% 14% $8,200,992.12
BUX Buxton Resources Ltd 0.08 -38% 13% -1% 14% $11,666,327.52
ALY Alchemy Resource Ltd 0.016 17% 45% -11% 14% $16,202,258.97
EFE Eastern Resources 0.025 56% -60% -7% 14% $26,849,789.04
PUR Pursuit Minerals 0.017 -74% -37% -11% 13% $15,172,787.10
EMN Euromanganese 0.3 -46% -42% 11% 13% $76,420,890.60
EUR European Lithium Ltd 0.066 20% -49% -1% 12% $88,607,450.43
AVL Aust Vanadium Ltd 0.038 100% 19% 6% 12% $157,634,237.28
ARN Aldoro Resources 0.15 -63% -59% -14% 11% $15,909,970.72
KOR Korab Resources 0.02 54% -60% -17% 11% $7,341,000.00
ASO Aston Minerals Ltd 0.1 -33% -17% -20% 11% $111,353,093.40
THR Thor Mining PLC 0.01 -38% -17% -17% 11% $10,689,009.73
HXG Hexagon Energy 0.022 -70% -69% -19% 10% $11,284,149.82
ASN Anson Resources Ltd 0.11 57% -21% -4% 10% $113,070,356.85
GSR Greenstone Resources 0.046 156% 59% -10% 10% $47,147,869.69
RMX Red Mount Min Ltd 0.006 -37% -40% 0% 9% $9,854,183.15
EMT Emetals Limited 0.012 -40% -33% -8% 9% $9,350,000.00
MMC Mitremining 0.13 0% -33% 0% 8% $3,521,063.00
WCN White Cliff Min Ltd 0.013 0% -32% -28% 8% $9,477,248.75
EVR Ev Resources Ltd 0.027 13% -55% -13% 8% $25,927,553.99
EVR Ev Resources Ltd 0.027 13% -55% -13% 8% $25,927,553.99
RAS Ragusa Minerals Ltd 0.084 6% 9% -5% 8% $10,939,045.57
ODE Odessa Minerals Ltd 0.014 133% 180% 0% 8% $7,520,115.51
BYH Bryah Resources Ltd 0.03 -50% -43% -21% 7% $7,917,251.13
RNU Renascor Res Ltd 0.155 135% -21% -11% 7% $333,934,082.89
SRZ Stellar Resources 0.016 -38% -24% -16% 7% $15,107,447.27
LMG Latrobe Magnesium 0.072 279% -28% 16% 6% $125,627,481.88
GBR Greatbould Resources 0.08 -11% -47% 16% 5% $33,829,773.84
GW1 Greenwing Resources 0.23 -8% -47% -10% 5% $26,498,180.04
QPM Queensland Pacific 0.125 -11% -29% 0% 4% $195,451,641.38
AS2 Askarimetalslimited 0.25 16% 4% -21% 4% $10,398,567.50
RXL Rox Resources 0.26 -38% -24% -12% 4% $44,769,350.96
CNJ Conico Ltd 0.026 1% -29% -13% 4% $39,391,379.88
LPD Lepidico Ltd 0.027 125% -29% -4% 4% $182,200,802.92
TMB Tambourahmetals 0.135 0% -47% -25% 4% $5,766,963.72
WMG Western Mines 0.135 0% -23% -27% 4% $4,579,062.50
ZNC Zenith Minerals Ltd 0.27 0% -7% -26% 4% $82,742,946.96
AR3 Austrare 0.415 -43% -55% 15% 4% $39,508,644.08
BKT Black Rock Mining 0.15 3% -42% -19% 3% $146,588,346.90
PSC Prospect Res Ltd 0.9875 266% 14% 3% 3% $455,325,570.07
CNB Carnaby Resource Ltd 0.95 164% -27% 19% 3% $135,887,240.36
TLG Talga Group Ltd 1.12 -13% -31% -11% 3% $361,394,805.02
QEM QEM Limited 0.195 8% -5% -3% 3% $21,893,429.16
BEM Blackearth Minerals 0.079 -21% -46% -7% 3% $21,087,005.32
RAG Ragnar Metals Ltd 0.04 -43% -2% -11% 3% $15,167,395.56
VML Vital Metals Limited 0.041 -20% -20% -11% 3% $175,160,289.53
MRC Mineral Commodities 0.085 -39% -26% -14% 2% $44,939,213.26
FGR First Graphene Ltd 0.1225 -52% -37% -9% 2% $67,204,053.12
STK Strickland Metals 0.057 27% -21% -15% 2% $76,866,880.02
EMH European Metals Hldg 0.68 -56% -50% -20% 1% $77,910,862.90
INR Ioneer Ltd 0.435 18% -45% -1% 1% $985,654,296.00
ARL Ardea Resources Ltd 0.775 76% 60% -24% 1% $134,092,839.88
MCR Mincor Resources NL 1.6325 58% -9% -22% 0% $799,205,710.05
VIA Viagold Rare Earth 2 2339% 0% 0% 0% $166,624,808.00
PVW PVW Res Ltd 0.275 77% -48% 4% 0% $25,581,015.63
A8G Australasian Metals 0.205 41% -66% -20% 0% $8,439,951.27
HNR Hannans Ltd 0.021 204% -50% 0% 0% $54,731,701.00
AVZ AVZ Minerals Ltd 0.78 311% -11% 0% 0% $2,752,409,203.44
MAN Mandrake Res Ltd 0.035 -75% -30% -22% 0% $17,311,749.11
RLC Reedy Lagoon Corp. 0.017 0% -53% -6% 0% $10,033,684.42
MLX Metals X Limited 0.335 52% -39% -23% 0% $299,397,802.11
GME GME Resources Ltd 0.092 84% 56% -23% 0% $54,647,150.10
GED Golden Deeps 0.013 0% 18% -7% 0% $16,173,174.00
ADV Ardiden Ltd 0.007 -13% -50% -22% 0% $18,678,347.49
SGQ St George Min Ltd 0.033 -54% -57% -23% 0% $23,800,605.47
TKL Traka Resources 0.006 -63% -60% -25% 0% $4,132,647.37
ADD Adavale Resource Ltd 0.023 -73% -58% -30% 0% $9,290,517.26
FFX Firefinch Ltd 0.2 46% -29% -26% 0% $236,248,644.20
ATM Aneka Tambang 1.245 25% 8% 0% 0% $1,623,043.01
AQD Ausquest Limited 0.021 -5% 17% -13% 0% $17,328,133.68
LML Lincoln Minerals 0.008 0% 0% 0% 0% $4,599,869.49
REE Rarex Limited 0.06 -20% -39% -9% 0% $34,765,518.82
LEG Legend Mining 0.05 -49% -24% -15% 0% $140,511,921.77
MOH Moho Resources 0.024 -68% -60% -27% 0% $4,310,843.30
G88 Golden Mile Res Ltd 0.029 -53% -37% -42% 0% $5,908,245.81
WKT Walkabout Resources 0.215 -7% -14% 0% 0% $97,239,149.08
VR8 Vanadium Resources 0.078 34% 7% -10% 0% $36,933,965.17
RFR Rafaella Resources 0.03 -68% -61% -19% 0% $7,043,637.78
SLZ Sultan Resources Ltd 0.098 -47% -46% -22% 0% $7,995,301.34
NVA Nova Minerals Ltd 0.72 -42% -33% 27% 0% $130,646,656.63
MQR Marquee Resource Ltd 0.066 20% -49% -20% 0% $21,777,613.02
BNR Bulletin Res Ltd 0.115 95% 31% -15% 0% $32,185,021.00
AX8 Accelerate Resources 0.03 -6% -19% -9% 0% $7,572,849.17
EMS Eastern Metals 0.15 0% -33% 0% 0% $5,340,000.00
WML Woomera Mining Ltd 0.017 -14% -6% -15% 0% $11,676,162.12
AZI Altamin Limited 0.095 20% 34% 0% 0% $37,604,808.19
AOA Ausmon Resorces 0.006 20% 0% -14% 0% $5,143,736.06
CML Chase Mining Limited 0.012 -29% -14% -14% 0% $5,617,593.13
ENV Enova Mining Limited 0.016 -30% -24% 0% 0% $5,875,440.99
RR1 Reach Resources Ltd 0.0035 -56% -53% -13% 0% $6,685,177.24
MTM Mtmongerresources 0.12 0% -20% -20% 0% $4,501,203.96
RGL Riversgold 0.027 -17% 57% -21% 0% $21,178,527.97
STM Sunstone Metals Ltd 0.043 187% -61% -16% 0% $115,850,088.81
G88 Golden Mile Res Ltd 0.029 -53% -37% -42% 0% $5,908,245.81
AZI Altamin Limited 0.095 20% 34% 0% 0% $37,604,808.19
GT1 Greentechnology 0.6 0% -24% -28% -1% $108,719,089.37
TMT Technology Metals 0.39 22% 22% 4% -1% $84,978,945.59
NTU Northern Min Ltd 0.0385 10% -27% -1% -1% $189,540,440.66
ARU Arafura Resource Ltd 0.285 128% 27% -22% -2% $446,379,064.62
PLS Pilbara Min Ltd 2.215 49% -37% -2% -2% $6,816,982,799.36
MIN Mineral Resources. 45.03 -21% -26% -21% -2% $8,705,150,294.67
NMT Neometals Ltd 0.935 88% -35% -12% -2% $548,376,396.00
LEL Lithenergy 0.66 89% -43% -27% -2% $31,605,000.00
GSM Golden State Mining 0.042 -72% -49% -19% -2% $4,656,852.76
LPM Lithium Plus 0.415 0% 0% 26% -2% $18,293,462.00
WR1 Winsome Resources 0.2 0% -45% -37% -2% $27,022,798.80
AKN Auking Mining Ltd 0.077 -51% -45% -14% -3% $7,575,270.44
JMS Jupiter Mines. 0.185 -39% -16% -16% -3% $362,413,341.11
IGO IGO Limited 9.69 19% -17% -15% -3% $7,300,061,717.32
1MC Morella Corporation 0.0175 -72% -8% -3% -3% $93,171,851.75
BMM Balkanminingandmin 0.175 0% -57% -22% -3% $5,731,250.00
SCN Scorpion Minerals 0.07 0% -4% -11% -3% $23,228,183.44
LRS Latin Resources Ltd 0.068 33% 127% -4% -3% $137,034,525.40
VMC Venus Metals Cor Ltd 0.165 -13% 3% -3% -3% $26,412,982.70
AGY Argosy Minerals Ltd 0.315 200% -21% -18% -3% $454,277,080.65
NIC Nickel Industries 0.93 -12% -36% -20% -3% $2,567,397,087.18
PGM Platina Resources 0.027 -68% -56% -23% -4% $11,728,323.23
AAJ Aruma Resources Ltd 0.0635 -2% -21% -9% -4% $9,731,613.19
PLL Piedmont Lithium Inc 0.505 -45% -28% -32% -4% $279,612,524.00
WC8 Wildcat Resources 0.025 -4% -61% -22% -4% $16,777,090.90
CAI Calidus Resources 0.61 22% -22% -11% -4% $250,127,239.17
CHN Chalice Mining Ltd 3.6 -49% -57% -27% -4% $1,437,455,281.08
SRL Sunrise 2.13 19% 2% -24% -4% $198,127,333.80
ESS Essential Metals Ltd 0.35 233% 19% -19% -4% $87,503,035.88
SYR Syrah Resources 1.19 18% -40% -13% -4% $826,761,869.12
AZS Azure Minerals 0.195 -22% -47% -33% -5% $65,254,501.41
MNS Magnis Energy Tech 0.29 7% -46% -16% -5% $289,945,598.70
AXE Archer Materials 0.58 -41% -46% -20% -5% $147,837,988.17
MNS Magnis Energy Tech 0.29 7% -46% -16% -5% $289,945,598.70
BRB Breaker Res NL 0.19 12% -25% -14% -5% $63,538,981.16
LTR Liontown Resources 0.94 25% -39% -16% -5% $2,170,302,946.02
JRL Jindalee Resources 2.6 9% 3% -15% -5% $161,808,684.12
CZN Corazon Ltd 0.018 -50% -45% -31% -5% $10,375,619.47
NC1 Nicoresourceslimited 0.775 0% 0% -23% -5% $69,363,751.59
TON Triton Min Ltd 0.017 -50% -53% -37% -6% $21,399,331.01
EGR Ecograf Limited 0.25 -59% -64% -37% -6% $121,590,033.93
BHP BHP Group Limited 37.63 -15% -5% -19% -6% $192,368,281,220.00
PAM Pan Asia Metals 0.405 212% -20% -14% -6% $28,459,293.17
IXR Ionic Rare Earths 0.0405 27% -17% -6% -6% $154,904,196.80
MRR Minrex Resources Ltd 0.032 68% -45% -20% -6% $36,044,996.67
FRB Firebird Metals 0.24 -60% -41% -31% -6% $12,334,634.88
KOB Kobaresourceslimited 0.16 0% 0% -11% -6% $10,400,000.00
PNN Power Minerals Ltd 0.395 25% -22% -14% -6% $23,991,577.35
FTL Firetail Resources 0.23 0% 0% -33% -6% $12,665,412.50
CMX Chemxmaterials 0.15 0% 0% -21% -6% $7,877,927.67
AKE Allkem Limited 9.48 44% -13% -13% -6% $6,376,580,860.00
GAL Galileo Mining Ltd 1.24 351% 490% -14% -6% $241,391,151.00
IMI Infinitymining 0.145 0% -24% -6% -6% $8,337,500.00
COB Cobalt Blue Ltd 0.62 118% 27% -13% -7% $209,269,373.95
LPI Lithium Pwr Int Ltd 0.41 95% -29% -5% -7% $148,386,560.40
QXR Qx Resources Limited 0.027 69% -40% -16% -7% $24,921,507.31
S2R S2 Resources 0.135 0% -34% -25% -7% $48,110,605.43
OZL OZ Minerals 16.36 -24% -43% -31% -7% $5,653,843,708.71
S32 South32 Limited 3.595 23% -11% -25% -8% $16,801,206,649.92
PAN Panoramic Resources 0.18 20% -33% -29% -8% $379,419,090.74
CXO Core Lithium 0.8625 283% 24% -31% -8% $1,594,002,778.72
ARR American Rare Earths 0.235 176% 24% -15% -8% $96,947,709.32
AZL Arizona Lithium Ltd 0.081 145% -23% -26% -8% $189,847,244.15
AZL Arizona Lithium Ltd 0.081 145% -23% -26% -8% $189,847,244.15
PNT Panthermetalsltd 0.2025 0% 1% 7% -8% $5,872,500.00
MLS Metals Australia 0.046 15% 15% -19% -8% $27,265,737.17
LKE Lake Resources 0.675 85% -31% -52% -8% $938,054,186.55
GLN Galan Lithium Ltd 0.955 -2% -46% -20% -8% $301,355,368.38
INF Infinity Lithium 0.11 -8% -37% -21% -8% $46,688,969.93
HAS Hastings Tech Met 3.94 16% -27% -14% -8% $410,866,931.25
IPX Iperionx Limited 0.67 -33% -27% -12% -9% $88,381,749.33
KTA Krakatoa Resources 0.051 -11% 4% -20% -9% $17,235,495.85
ENT Enterprise Metals 0.01 -37% -33% -23% -9% $6,446,468.55
CTM Centaurus Metals Ltd 0.865 5% -32% -19% -9% $377,989,051.61
GRE Greentechmetals 0.24 0% -16% 60% -9% $8,132,799.74
GL1 Globallith 1.05 304% -10% -26% -9% $177,742,046.72
ESR Estrella Res Ltd 0.018 -62% -22% -22% -10% $21,612,267.72
OMH OM Holdings Limited 0.67 -22% -26% -18% -10% $520,729,452.59
VUL Vulcan Energy 5.2 -38% -48% -19% -10% $772,577,272.39
VRC Volt Resources Ltd 0.017 -51% -39% -6% -11% $56,451,284.21
JRV Jervois Global Ltd 0.465 -10% -27% -30% -11% $737,079,216.09
SHH Shree Minerals Ltd 0.008 -41% -20% 0% -11% $11,146,382.03
LRV Larvottoresources 0.195 0% 11% -19% -11% $8,098,837.50
AM7 Arcadia Minerals 0.15 -14% -40% -35% -12% $7,004,683.80
CAE Cannindah Resources 0.185 214% -5% -10% -12% $102,219,504.67
LOT Lotus Resources Ltd 0.1975 20% -35% -23% -12% $200,662,304.76
DEV Devex Resources Ltd 0.21 -32% -56% -36% -13% $72,262,312.87
IPT Impact Minerals 0.007 -48% -44% -13% -13% $17,369,593.89
BSX Blackstone Ltd 0.175 -50% -70% -24% -13% $87,217,799.53
ILU Iluka Resources 8.22 -4% -24% -21% -13% $3,627,221,621.85
IG6 Internationalgraphit 0.265 0% 0% -24% -13% $23,631,551.32
SYA Sayona Mining Ltd 0.13 34% 4% -7% -13% $1,154,545,373.80
CRR Critical Resources 0.037 19% -43% -31% -14% $59,520,609.56
WIN Widgienickellimited 0.305 0% 20% 0% -14% $77,562,000.00
LSR Lodestar Minerals 0.006 -45% -33% -14% -14% $10,430,624.09
AVW Avira Resources Ltd 0.003 -40% -40% -25% -14% $6,356,370.00
RBX Resource B 0.11 -45% -39% -15% -15% $4,302,532.19
RBX Resource B 0.11 -45% -39% -15% -15% $4,302,532.19
CLA Celsius Resource Ltd 0.016 -56% -38% -16% -16% $19,543,452.29
LYC Lynas Rare Earths 7.6 24% -31% -11% -16% $7,165,147,738.76
TSC Twenty Seven Co. Ltd 0.0025 -44% -38% -29% -17% $7,982,441.72
LNR Lanthanein Resources 0.015 3% -35% -17% -17% $12,567,383.55
NWC New World Resources 0.028 -66% -59% -30% -18% $47,907,084.66
POS Poseidon Nick Ltd 0.042 -52% -56% -26% -18% $128,686,300.09
SBR Sabre Resources 0.004 0% -11% -20% -20% $11,158,924.03
KFM Kingfisher Mining 0.22 16% 5% -21% -24% $7,533,900.22
MRD Mount Ridley Mines 0.0045 50% -44% -10% -25% $29,295,142.20
TEM Tempest Minerals 0.042 87% 56% -7% -52% $23,219,244.10
CLZDB Classic Min Ltd 0.057 -62% -62% -62% -62% $31,024,896.60
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

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

 

Weekly Small Cap Standouts

BELARAROX (ASX:BRX)

After IPOing in January with $6m at $0.20, BRX’s share price has surged 271.43%, and it’s now trading over $0.50.

This makes it one of the best performing ASX IPOs for 2022.

Yesterday the company confirmed high-grade massive sulphide in its third hole from phase-one reverse circulation drilling at the Belara Mine in the Lachlan Fold Belt of New South Wales.

Hits included 7m at 2.2% zinc, 2.54% copper, 0.63% lead, 36.87g/t silver and 0.67g/t gold from 78m, including 3m at 4.72% zinc, 5.85% copper, 1.30% lead, 82.60g/t silver and 1.5g/t gold.

Importantly, BRX managing director Arvind Misra says the assays have higher grades for all metals than in the historic model.

“We are now fast-tracking work on our maiden resource, which we hope to announce in this current quarter, and significant results like these bode well for it.”

BRX has a market cap of ~$13.6m.


 

TNG (ASX:TNG)

TNG has received $300m in debt funding for its flagship Mount Peak Vanadium Titanium Iron Project in the Northern Territory.

The Mount Peake Project is one of only 15 Australian critical minerals projects identified by the Australian Government in its critical minerals priority road map.

The Australian Government’s Export Credit Agency – Export Finance Australia – issued the conditional and non-binding letter of support, highlighting the broad alignment of Mount Peak with objectives of the Australian Government’s critical minerals strategy.

Its strategy aims to diversify global critical minerals supply and capture more from the critical minerals value chain.

TNG managing director and CEO Paul Burton says the company is “delighted”.

“This non-binding Letter of Support lays a solid foundation for TNG to secure the debt financing package for the development of its Mount Peake Project.”


 

ELEMENT 25 (ASX:E25)

Manganese play E25 has extended mineralisation at its Butcherbird Project after receiving assay results for a 34-hole exploration drilling program for 904m.

E25 says ‘commercially significant’ grades and widths of manganese in multiple holes have been confirmed and point to the potential for future discoveries.

This new information will also be included in the next resource model update for Butcherbird as more drill planning gets underway.

The company says it plans to infill and better define mineralisation extensions as well as evaluate further extensions to mineralisation trends.


 

EASTERN RESOURCES (ASX:EFE)

EFE was once an iron ore junior but is now all-in on lithium and shares in the company were rocketing yesterday on news of some ‘outstanding’ lithium assays at the Trigg Hill Project in WA’s East Pilbara.

The company has been conducting field work at the project since March, which has included mapping, rock chip sampling of outcropping pegmatites and soil sampling.

Assay results from the first 124 rock chip samples have confirmed visual observations of highly anomalous levels of lithium as well as caesium, tantalum, and tin confirming the presence of fractionated LCT pegmatites.

Of the samples collected from the large East Curlew pegmatite swarm, at least 80% were from LCT pegmatites.

We’re talking results of up to 2.28% lithium, 1.23% rubidium, 1,552ppm caesium, 514ppm tantalum and 2,921ppm tin.

Results of 231 soil samples from the Curlew East area are pending analysis, and subject to the results, the soil sampling may be extended to other areas.

The ~$38mn market cap company had $4.85m cash in the bank at the end of the March quarter.

 

 

At Stockhead we tell it like it is. While Belararox is a Stockhead advertiser, it did not sponsor this article.