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High Voltage: A lithium-ion battery is a terrible thing to waste

Pic: Via Getty Images

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  • Effective battery recycling will be crucial to meeting future metals demand
  • ASX battery recycling stocks include Neometals, Hannans, and Lithium Australia
  • Weekly small cap standouts: Panther Metals, Odessa, Flynn Gold

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

 

Google the phrase ‘battery metals shortage’ and something becomes clear – metals/elements such as lithium, cobalt, rare earths, and nickel are already facing supply chain constraints and the EV sector is barely warming up.

We’re farked, experts say.

EVs require roughly six times more minerals than cars with internal combustion engines, according to S&P Global.

That could see lithium demand increase by more than 40 times in the next two decades.

Meanwhile, graphite, cobalt and nickel demand could climb by 20 to 25 times if the world meets the climate targets set by the Paris Agreement on climate change, according to the International Energy Agency.

There are several potential solutions besides building more mines, quicker (which probs won’t happen), like tech innovation to thrift raw materials, new battery chemistries (like sodium-ion), undersea mining, and recycling.

In an interview with Argus, France’s Veolia head of EV battery recycling, Emeric Malefant, says recycling will be crucial to the EV revolution for three main reasons.

Firstly, batteries are one of the major contributors to the environmental footprint of EVs.

“Recycling is a key benefit to drastically reducing this footprint and reaping the full benefits of decarbonising electric mobility,” Malefant says.

Long-term, resource supply may become an issue in some territories, depending on geopolitical fluctuations.

“Developing recycling programmes can reduce our dependence by increasing self-sufficiency in strategic metals such as lithium, nickel and cobalt,” Malefant says.

And finally, batteries can be a threat to the environment and the people who handle them, as they contain chemicals and are highly flammable.

“Proper management of their recycling is therefore mandatory to avoid accidents and mitigate any form of risk,” Malefant says.

It’s not just Veolia either. All the big boys are into it, and the recycling plants being proposed are only getting bigger and bigger.

 

ASX battery recycling stocks

There are already ASX stocks looking to build battery recycling businesses.

The frontrunner here is Neometals (ASX:NMT) which reinvented itself as a battery recycling stock after selling out of its minority stake in the Mt Marion mine a few years ago.

In March, the company’s battery recycling JV, Primobius, officially opened its 10tpd commercial lithium-ion battery (LIB) recycling plant in Germany. It is expected to commence operation soon.

In May, it executed a cooperation agreement with iconic German carmaker Mercedes-Benz’ recycling subsidiary LICULAR.

Meanwhile, an investment decision for its first 50tpd operation with Stelco in Canada is expected in the September Quarter of 2022.

Other ASX stocks coming at the recycling thematic from different angles include Hannans (ASX:HNR) (part owned by NMT) and Lithium Australia (ASX:LIT).

 

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 reuben@stockhead.com.au. Be nice, he’s fragile.

CODE COMPANY 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
GAL Galileo Mining Ltd 5% -26% 489% 391% 1.325 $236,920,944.50
TEM Tempest Minerals -3% 73% 291% 358% 0.09 $44,419,423.49
ODE Odessa Minerals Ltd 33% 0% 220% 220% 0.016 $6,982,964.40
LRS Latin Resources Ltd 3% -27% 126% 35% 0.07 $135,104,461.66
RGL Riversgold -6% -25% 107% -8% 0.03 $20,422,151.97
LRV Larvottoresources -15% -30% 83% 0% 0.22 $9,137,150.00
ESS Essential Metals Ltd -5% -25% 73% 262% 0.38 $89,967,910.13
ARL Ardea Resources Ltd 0% -36% 70% 56% 0.8 $130,698,084.44
GSR Greenstone Resources 2% -30% 63% 132% 0.044 $43,048,054.94
ARR American Rare Earths 13% -24% 58% 199% 0.26 $100,904,758.68
CXO Core Lithium -8% -22% 50% 286% 0.945 $1,619,991,954.46
GME GME Resources Ltd -11% -35% 49% 64% 0.085 $54,647,150.10
KFM Kingfisher Mining 12% -18% 47% 45% 0.28 $9,931,050.29
BNR Bulletin Res Ltd -4% -32% 46% 78% 0.115 $33,647,976.50
WIN Widgienickellimited -3% 0% 44% 0% 0.36 $88,821,000.00
AZI Altamin Limited 0% 0% 42% 20% 0.095 $37,213,091.44
ALY Alchemy Resource Ltd 7% -38% 36% 18% 0.015 $13,343,036.80
COB Cobalt Blue Ltd 2% -17% 35% 123% 0.67 $213,593,954.14
ARU Arafura Resource Ltd -2% -38% 33% 140% 0.3 $454,210,276.28
TMT Technology Metals -4% -1% 32% 18% 0.395 $82,880,700.02
MLS Metals Australia -4% -32% 28% 70% 0.051 $28,401,809.55
AVL Aust Vanadium Ltd 21% -5% 25% 111% 0.04 $133,989,101.69
SRL Sunrise -3% -27% 24% 23% 2.23 $199,928,491.38
JRL Jindalee Resources -4% -17% 21% 13% 2.79 $157,218,366.84
PSC Prospect Res Ltd -1% 0% 20% 286% 0.965 $428,565,286.21
GED Golden Deeps -7% -28% 18% -13% 0.013 $15,017,947.28
RAG Ragnar Metals Ltd 0% -15% 18% -47% 0.039 $14,788,210.67
AQD Ausquest Limited -9% -25% 17% -22% 0.021 $17,328,133.68
ATM Aneka Tambang 0% 0% 14% 25% 1.245 $1,623,043.01
SBR Sabre Resources -10% -10% 13% 13% 0.0045 $13,948,655.04
CRR Critical Resources -4% -35% 12% 39% 0.046 $63,984,655.28
QXR Qx Resources Limited 7% -34% 12% 81% 0.029 $24,921,507.31
CAE Cannindah Resources -11% -22% 11% 217% 0.2 $112,979,452.53
SYA Sayona Mining Ltd 14% -6% 10% 93% 0.16 $1,237,012,900.50
KTA Krakatoa Resources 17% -31% 10% 0% 0.054 $19,303,755.35
RAS Ragusa Minerals Ltd -4% -32% 10% 29% 0.088 $9,807,420.17
PNT Panthermetalsltd 33% 13% 9% 0% 0.22 $6,380,000.00
VR8 Vanadium Resources -4% -16% 7% 22% 0.079 $36,933,965.17
BHP BHP Group Limited -2% -14% 7% -7% 40.24 $201,986,695,281.00
GL1 Globallith -4% -26% 7% 348% 1.21 $184,089,976.96
AS2 Askarimetalslimited -6% -40% 6% 0% 0.25 $9,982,624.80
PNN Power Minerals Ltd -4% -13% 6% 42% 0.425 $25,837,083.30
WML Woomera Mining Ltd 0% -22% 6% -9% 0.018 $12,362,995.19
ZNC Zenith Minerals Ltd -10% -32% 4% 4% 0.26 $89,638,192.54
FG1 Flynngold 55% 19% 3% 3% 0.155 $6,406,105.00
SCN Scorpion Minerals 1% -22% 1% 19% 0.075 $23,891,845.82
VIA Viagold Rare Earth 0% 0% 0% 2339% 2 $166,624,808.00
AGY Argosy Minerals Ltd -4% -30% 0% 214% 0.33 $440,716,570.78
LML Lincoln Minerals 0% 0% 0% 0% 0.008 $4,599,869.49
NKL Nickelxltd -4% -24% 0% -26% 0.125 $7,762,500.00
SHH Shree Minerals Ltd 29% -5% 0% -31% 0.009 $11,146,382.03
CMX Chemxmaterials 13% -15% 0% 0% 0.17 $7,414,520.16
NC1 Nicoresourceslimited 3% -32% 0% 0% 0.82 $71,545,001.64
CMO Cosmometalslimited 9% 25% 0% 0% 0.175 $4,209,150.00
AOA Ausmon Resorces 20% -25% 0% 20% 0.006 $5,143,736.06
IG6 Internationalgraphit -3% -20% 0% 0% 0.3 $24,853,872.94
LPM Lithium Plus 9% -7% 0% 0% 0.44 $18,962,735.00
KOB Kobaresourceslimited 21% -6% 0% 0% 0.17 $11,050,000.00
FTL Firetail Resources -9% -18% 0% 0% 0.245 $15,136,712.50
CLZ Classic Min Ltd 0% 0% 0% 0% 0.001 $31,024,896.55
CAI Calidus Resources -1% -22% -1% 29% 0.645 $256,136,557.83
QEM QEM Limited -4% -13% -1% 24% 0.1925 $23,109,730.78
GRE Greentechmetals -18% 69% -2% 0% 0.27 $8,289,199.74
VMC Venus Metals Cor Ltd -6% -6% -3% -15% 0.17 $27,213,376.11
S32 South32 Limited -4% -24% -5% 32% 3.885 $18,004,598,861.76
GT1 Greentechnology -6% -38% -7% 0% 0.595 $111,483,134.02
MCR Mincor Resources NL -2% -33% -8% 62% 1.635 $787,096,532.63
LPI Lithium Pwr Int Ltd 9% -13% -8% 112% 0.445 $153,623,733.12
ILU Iluka Resources 2% -14% -9% 12% 9.48 $4,013,276,788.62
BUX Buxton Resources Ltd -8% -20% -10% -54% 0.066 $10,208,036.58
AKE Allkem Limited -8% -16% -11% 51% 9.99 $6,453,099,830.32
AVZ AVZ Minerals Ltd 0% 0% -11% 373% 0.78 $2,752,409,203.44
IMI Infinitymining 10% 0% -11% 0% 0.16 $8,912,500.00
ESR Estrella Res Ltd 22% -12% -12% -56% 0.022 $24,013,630.80
IXR Ionic Rare Earths 10% -16% -12% 48% 0.043 $166,522,011.56
CTM Centaurus Metals Ltd 3% -17% -13% 22% 0.955 $407,886,490.72
JRV Jervois Global Ltd -3% -34% -14% -5% 0.5175 $790,270,499.72
RNU Renascor Res Ltd -3% -33% -14% 118% 0.155 $312,389,948.51
WKT Walkabout Resources 0% 0% -14% 0% 0.215 $97,239,149.08
LNR Lanthanein Resources 13% -14% -14% 33% 0.018 $15,080,860.26
MTM Mtmongerresources -15% -45% -15% 0% 0.115 $4,351,203.96
1MC Morella Corporation -15% -29% -15% -73% 0.017 $90,583,744.76
LEG Legend Mining 6% -27% -15% -51% 0.051 $137,756,786.05
JMS Jupiter Mines. 0% -14% -16% -37% 0.19 $372,208,296.27
IGO IGO Limited -3% -17% -16% 25% 9.99 $7,542,387,417.48
OMH OM Holdings Limited -1% -10% -17% -12% 0.755 $550,274,386.07
VML Vital Metals Limited 5% -13% -17% -13% 0.045 $166,819,323.36
THR Thor Mining PLC 0% -23% -17% -41% 0.01 $9,605,708.76
AAJ Aruma Resources Ltd 13% -10% -18% 6% 0.069 $10,359,459.20
LYC Lynas Rare Earths -2% -6% -18% 60% 9.03 $8,175,848,679.24
AX8 Accelerate Resources 0% -9% -19% -12% 0.03 $7,903,766.97
CML Chase Mining Limited -8% -14% -20% -29% 0.012 $5,617,593.13
ASO Aston Minerals Ltd 8% -26% -20% -44% 0.092 $100,217,784.06
ENT Enterprise Metals 22% -21% -21% -35% 0.011 $7,091,115.41
AZL Arizona Lithium Ltd 0% -31% -22% 221% 0.09 $196,547,735.12
AZL Arizona Lithium Ltd 0% -31% -22% 221% 0.09 $196,547,735.12
PGD Peregrine Gold 0% -23% -22% -10% 0.36 $13,783,200.84
IPX Iperionx Limited -16% -12% -22% -25% 0.735 $103,112,040.89
MIN Mineral Resources. -6% -24% -22% -18% 45.77 $8,695,690,231.32
HAS Hastings Tech Met 5% -13% -22% 17% 4.2 $436,229,087.50
LSR Lodestar Minerals 17% -13% -22% -30% 0.007 $12,169,061.44
KAI Kairos Minerals Ltd 31% -16% -22% -34% 0.021 $39,241,869.82
PAM Pan Asia Metals -15% -22% -23% 219% 0.43 $31,785,704.06
CLA Celsius Resource Ltd 42% -15% -23% -50% 0.017 $23,207,849.59
EMS Eastern Metals 15% -9% -23% 0% 0.15 $5,340,000.00
WCN White Cliff Min Ltd -12% -39% -23% -4% 0.0115 $7,843,240.34
RBX Resource B 8% -13% -24% 282% 0.13 $5,290,687.87
RBX Resource B 8% -13% -24% 282% 0.13 $5,290,687.87
CHR Charger Metals -9% -30% -24% 0% 0.355 $11,566,267.43
S2R S2 Resources -3% -22% -24% 8% 0.14 $51,674,353.98
AM7 Arcadia Minerals -8% -28% -24% -3% 0.17 $7,938,641.64
TSC Twenty Seven Co. Ltd 0% -14% -25% -25% 0.003 $7,982,441.72
STK Strickland Metals -10% -20% -25% 24% 0.056 $71,742,421.35
WMG Western Mines 0% -34% -27% 0% 0.135 $4,762,225.00
CNJ Conico Ltd 18% -30% -27% -9% 0.026 $33,956,721.85
SRI Sipa Resources Ltd 6% -8% -27% -35% 0.035 $7,175,868.11
AVW Avira Resources Ltd 0% -20% -27% -20% 0.004 $8,475,160.00
ASN Anson Resources Ltd 8% -22% -28% 54% 0.105 $102,791,233.50
MRC Mineral Commodities -2% -21% -28% -59% 0.083 $44,404,222.62
LOT Lotus Resources Ltd 0% -19% -28% 21% 0.23 $220,239,114.98
RXL Rox Resources 2% -18% -28% -45% 0.265 $42,235,236.75
NTU Northern Min Ltd 0% -11% -29% 15% 0.039 $189,540,440.66
PLL Piedmont Lithium Inc -12% -35% -29% -49% 0.54 $276,974,670.00
LEL Lithenergy -9% -39% -30% 92% 0.69 $30,476,250.00
CZL Cons Zinc Ltd 19% -21% -30% -50% 0.019 $6,177,082.82
MMC Mitremining 8% -4% -30% 0% 0.13 $3,250,212.00
LKE Lake Resources -12% -47% -30% 120% 0.76 $1,021,436,780.91
SRZ Stellar Resources -6% -24% -30% -36% 0.016 $12,589,539.39
VRC Volt Resources Ltd 18% -5% -31% -43% 0.02 $60,925,661.76
PVW PVW Res Ltd 11% -3% -32% 114% 0.3 $25,581,015.63
BRB Breaker Res NL 5% -9% -32% 18% 0.2 $65,168,185.80
LPD Lepidico Ltd 0% -7% -33% 125% 0.027 $169,186,459.86
MAN Mandrake Res Ltd 0% -27% -33% -79% 0.035 $17,311,749.11
PAN Panoramic Resources -5% -29% -33% 26% 0.195 $399,928,230.78
LMG Latrobe Magnesium 16% -3% -33% 294% 0.067 $109,521,394.46
NIC Nickel Industries -6% -25% -33% -7% 0.975 $2,622,022,557.12
RMX Red Mount Min Ltd 20% -14% -33% -33% 0.006 $9,033,001.22
QPM Queensland Pacific -4% -23% -33% -25% 0.12 $187,633,575.72
ENV Enova Mining Limited 0% -11% -33% -27% 0.016 $5,875,440.99
G88 Golden Mile Res Ltd 3% -39% -35% -48% 0.03 $5,704,513.19
TLG Talga Group Ltd -6% -19% -35% -17% 1.105 $332,422,225.71
PLS Pilbara Min Ltd -2% -7% -36% 56% 2.27 $6,727,677,347.84
TNG TNG Limited 6% -22% -36% -13% 0.054 $76,363,002.21
SYR Syrah Resources -3% -25% -36% 15% 1.24 $833,456,297.21
REE Rarex Limited 3% -19% -37% -16% 0.062 $34,195,592.28
BEM Blackearth Minerals 15% -14% -37% -18% 0.082 $20,816,659.09
MRD Mount Ridley Mines 0% -29% -38% 67% 0.005 $35,142,170.63
ADV Ardiden Ltd 7% -32% -38% -6% 0.0075 $18,678,347.49
AML Aeon Metals Ltd. 19% -22% -38% -67% 0.025 $22,796,020.43
MLX Metals X Limited -12% -28% -38% 49% 0.335 $303,934,132.45
KGD Kula Gold Limited 26% -3% -38% -31% 0.029 $4,949,039.54
NVA Nova Minerals Ltd 26% 8% -39% -42% 0.725 $129,745,645.20
EMT Emetals Limited 10% -15% -39% -50% 0.011 $9,350,000.00
CNB Carnaby Resource Ltd -1% 4% -39% 181% 0.955 $132,996,022.48
BYH Bryah Resources Ltd -15% -39% -39% -53% 0.028 $6,333,800.90
OZL OZ Minerals -5% -29% -39% -21% 17.49 $5,884,817,785.62
INF Infinity Lithium 0% -12% -39% 0% 0.115 $47,726,502.59
SLZ Sultan Resources Ltd 3% -32% -41% -53% 0.098 $8,161,870.12
PUR Pursuit Minerals 14% -20% -41% -77% 0.016 $14,224,487.91
FRB Firebird Metals -17% -33% -41% -64% 0.24 $13,384,391.04
BOA Boadicea Resources 0% -24% -41% -42% 0.13 $10,877,985.30
IPT Impact Minerals 14% -27% -41% -45% 0.008 $19,850,964.45
DTM Dart Mining NL -7% -20% -41% -62% 0.053 $7,168,788.48
BKT Black Rock Mining -3% -25% -41% 0% 0.15 $141,702,068.67
LTR Liontown Resources -7% -21% -42% 27% 1.005 $2,170,302,946.02
NMT Neometals Ltd -3% -25% -43% 95% 0.945 $523,699,458.18
AKN Auking Mining Ltd -9% -24% -44% -59% 0.075 $7,874,294.27
MRR Minrex Resources Ltd -8% -31% -44% 84% 0.035 $36,044,996.67
GLN Galan Lithium Ltd -11% -23% -45% 16% 1.06 $316,575,336.48
FGR First Graphene Ltd 0% -15% -45% -58% 0.115 $67,204,053.12
AZS Azure Minerals 5% -33% -45% -21% 0.205 $63,700,822.81
TMB Tambourahmetals -7% -38% -46% 0% 0.13 $5,355,037.74
MNS Magnis Energy Tech -3% -18% -46% 11% 0.31 $294,778,025.35
CZN Corazon Ltd 3% -24% -46% -50% 0.019 $11,596,280.58
VUL Vulcan Energy -7% -24% -46% -27% 5.81 $831,376,424.69
AOU Auroch Minerals Ltd 0% -28% -47% -66% 0.061 $20,689,300.74
GBR Greatbould Resources 5% -18% -48% -15% 0.073 $32,138,285.15
INR Ioneer Ltd 4% -19% -48% 23% 0.43 $901,768,824.00
LIT Lithium Australia 9% -26% -48% -44% 0.062 $62,124,559.50
WR1 Winsome Resources -7% -47% -49% 0% 0.205 $28,373,938.74
EMN Euromanganese 15% 0% -50% -50% 0.275 $67,505,120.03
HNR Hannans Ltd 0% 0% -50% 166% 0.021 $54,731,701.00
TKL Traka Resources 20% -25% -50% -65% 0.006 $4,132,647.37
AR3 Austrare 14% 2% -50% -45% 0.44 $38,080,620.80
RR1 Reach Resources Ltd -13% -30% -50% -56% 0.0035 $6,685,177.24
AXE Archer Materials -3% -24% -50% -41% 0.6 $151,564,996.27
WC8 Wildcat Resources -4% -32% -51% -11% 0.025 $16,777,090.90
GW1 Greenwing Resources 5% -20% -51% -10% 0.225 $27,114,416.78
TON Triton Min Ltd 3% -35% -51% -50% 0.0175 $22,658,115.19
EMH European Metals Hldg -6% -29% -51% -58% 0.67 $80,308,120.22
SGQ St George Min Ltd 10% -16% -52% -57% 0.032 $23,100,587.66
DEV Devex Resources Ltd 4% -33% -52% -36% 0.235 $73,833,232.72
GSM Golden State Mining -2% -35% -52% -73% 0.04 $4,540,431.44
KZR Kalamazoo Resources 6% -45% -52% -51% 0.19 $25,409,015.45
ADD Adavale Resource Ltd 4% -14% -52% -73% 0.024 $8,218,534.50
EVR Ev Resources Ltd 8% -26% -53% 22% 0.028 $23,149,601.78
RLC Reedy Lagoon Corp. 6% -22% -53% 13% 0.018 $9,476,257.50
MQR Marquee Resource Ltd 9% -32% -53% 29% 0.071 $20,830,760.28
CWX Carawine Resources -4% -46% -54% -69% 0.081 $11,164,582.11
EFE Eastern Resources 0% -17% -55% 50% 0.024 $21,877,605.88
NWC New World Resources 10% -26% -56% -59% 0.032 $54,294,695.95
STM Sunstone Metals Ltd -2% -15% -56% 175% 0.044 $110,701,195.97
EUR European Lithium Ltd 0% -15% -56% 11% 0.061 $81,598,460.07
POS Poseidon Nick Ltd 9% -22% -57% -52% 0.05 $156,261,935.83
RFR Rafaella Resources -6% -25% -57% -67% 0.03 $7,043,637.78
CHN Chalice Mining Ltd -3% -36% -58% -44% 3.79 $1,394,025,528.75
FRS Forrestaniaresources -4% -27% -58% 0% 0.135 $3,660,788.00
E25 Element 25 Ltd 0% -24% -58% -77% 0.5 $71,773,873.43
MOH Moho Resources 4% -24% -59% -63% 0.025 $3,831,860.71
PGM Platina Resources -13% -37% -60% -72% 0.026 $12,162,705.58
PRL Province Resources 5% -29% -60% -60% 0.058 $65,510,282.71
NWM Norwest Minerals -4% -35% -61% -65% 0.027 $4,876,399.45
EGR Ecograf Limited 3% -30% -61% -57% 0.2775 $119,338,366.64
ARN Aldoro Resources 11% -27% -63% -61% 0.15 $13,393,834.52
A8G Australasian Metals 21% -44% -63% 52% 0.205 $8,439,951.27
AUZ Australian Mines Ltd 3% -31% -64% -69% 0.072 $28,591,544.30
BMM Balkanminingandmin -3% -31% -64% 0% 0.18 $5,895,000.00
BSX Blackstone Ltd 0% -23% -65% -45% 0.2 $94,289,513.00
KOR Korab Resources -5% -34% -66% 58% 0.019 $6,606,900.00
PEK Peak Rare Earths Ltd -9% -33% -67% -73% 0.3 $61,167,818.42
HXG Hexagon Energy 2% -22% -73% -71% 0.021 $10,258,318.02
LLL Leo Lithium -16% -8% 0% 0% 0.48 $473,600,000.00

A better week for battery metals stocks on the ASX, with 90  up,  98  down, and 34 unchanged.
 

Weekly Small Cap Standouts

FLYNN GOLD (ASX:FG1)

FG1 hit the boards last year with a focus on  underexplored northeast Tassie, where the company believes there are ‘Fosterville-style’ gold deposits to be found.

In early 2022, it also picked up some gold-lithium project tenements in WA.

The 1232sqkm lithium-gold portfolio is near the world class Pilgangoora, Wodgina, Mt Holland and Mt Cattlin lithium deposits.

‘Mt Dove’ in the Pilbara includes multiple gold-lithium targets located just 11km from the 6.8Moz Hemi gold project and along strike from Kairos’ Kangan gold-lithium target.

On-ground exploration was to commence at Mt Dove in May/June 2022, FG1 says.

FG1 also has plans to further increase the size and quality of its lithium-gold portfolio in 2022.

 

ODESSA MINERALS (ASX:ODE)

In April, this diamond explorer branched out into lithium and rare earths, acquiring the 606sqkm ‘Lyndon’ project near Carnarvon in WA.

The project includes numerous clusters of pegmatites prospective for lithium, and several features similar to those associated with Dreadnought’s (ASX:DRE) nearby rare earth discoveries.

“This Lyndon project acquisition is an excellent opportunity for Odessa to enter the battery metals sector, in a part of the Gascoyne Complex that is host to a number of newly discovered occurrences of lithium, rare earth and nickel-copper,” ODE CEO Alistair Stephens said April.

“We remain resolutely focussed on progressing our cornerstone diamond projects in the Kimberley region, and as work becomes limited during the northern wet season, this acquisition will provide an excellent year-round exploration project for Odessa.”

 

PANTHER METALS (ASX:PNT) 

WA-based PNT, a subsidiary of London-listed Panther Metals PLC, listed in December after a $5m IPO.

Maiden drilling soon kicked off at the ‘Coglia’ nickel-cobalt project, where a JORC exploration target of 30-50 million tonnes at 0.6-0.8% nickel and 400-600 parts per million cobalt was already defined by previous explorers.

It has not only delivered a much bigger-than-expected maiden mineral resource (MRE), but it has done even better than its promised IPO schedule, bringing it in before the “second half of 2022” target laid out in the IPO.

The maiden MRE has come in 40% larger at 70.6Mt at grades of 0.7% nickel and 460 parts per million (ppm) cobalt for 476,000t of nickel and 32,200t of cobalt.

The project is strategically located 70km east by road from Glencore’s hungry nickel and cobalt plant, which provides a potential processing option.

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

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