• EV buyers will get discounts on purchase price thanks to new legislation set to pass Federal parliament
  • Countries with EV incentives have higher uptake, like Norway (84% of all sales in 2022)
  • Top ASX battery metals stocks this week: Victory Goldfields, Winsome 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.

 

Electric cars will be up to $2000 cheaper for Aussies – and up to $9000 cheaper for companies that run fleets – under new legislation set to pass Federal parliament.

Once enacted, the Treasury Laws Amendment (Electric Car Discount) Bill 2022 will remove fringe benefits tax (FBT) to make electric cars cheaper, with a preference for full EVs.

Plug-in hybrids will be phased out of the program by April 2025.

It will cost an estimated $4.5bn of budget cash out to 2033.

The policy means Australia joins several other countries in enacting new incentives to help speed up the uptake of EVs, says Cameron Gleeson, senior investment strategist at BetaShares.

“The data shows that countries which have been more supportive of electric vehicles, like Norway and China, have also seen far greater adoption of electric vehicles,” he says.

“While recent data showed electric vehicles represented 3.39% of all car sales in Australia this year, in contrast, global leader Norway stands at around 84% and China sits at around 24%.”

 

The accelerated trend towards EVs will create winners and losers. How can investors take advantage?

This trend will create winners and losers, both within the vehicle manufacturers themselves and amongst the different component makers within the automotive industry supply chains, Gleeson says.

“For Australian investors the growth potential and shifts within the industry represent a compelling long-term investment opportunity,” he says.

“While it’s good news for Tesla and other well-known manufacturers in the short-term, the trend towards vehicles of this type will play out over the decades to come.

“Over the longer-term period, it’s difficult to pick individual winners, so investors should strongly consider ways to reduce company specific risk and look to invest in a portfolio of manufacturers that are at the forefront of the move towards electric vehicles.”

According to Bloomberg data, there are 65 ETFs in the electric and autonomous vehicle category globally holding nearly US$6.8 billion in funds under management.

Some of the top holdings in BetaShares’ Electric Vehicles and Future Mobility ETF (ASX:DRIV) include electric vehicle manufacturers Tesla, BYD and Volkswagen, as well as Aptiv and Infineon who make the technology, electronics and components required for electric and autonomous vehicles.

 

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
1VG Victory Goldfields 58% 68% 111% 50% 0.285 $14,173,092
CLA Celsius Resource Ltd 41% 19% -23% -47% 0.0155 $24,045,265
TKL Traka Resources 40% 17% -13% -50% 0.007 $3,443,873
WR1 Winsome Resources 34% 196% 156% 0% 1.125 $157,286,984
PSC Prospect Res Ltd 33% 26% 182% 358% 0.1325 $60,093,730
MLS Metals Australia 28% 22% -52% -17% 0.05 $30,958,846
IPT Impact Minerals 27% 36% -5% -35% 0.0095 $22,332,335
STM Sunstone Metals Ltd 23% 23% -34% -65% 0.037 $96,956,517
ARU Arafura Rare Earths 22% 44% 12% 92% 0.4325 $768,713,021
OD6 Od6Metalsltd 20% 197% 0% 0% 0.565 $26,890,570
AXE Archer Materials 18% 3% 7% -50% 0.78 $161,828,685
LRS Latin Resources Ltd 18% 30% -7% 202% 0.13 $230,914,313
ITM Itech Minerals Ltd 18% 8% -37% 20% 0.33 $30,517,667
TAR Taruga Minerals 18% 21% 67% -9% 0.04 $28,617,634
PAM Pan Asia Metals 18% 23% -4% -6% 0.47 $63,147,904
WMG Western Mines 17% 4% -39% -25% 0.135 $4,762,225
RNU Renascor Res Ltd 17% 43% 32% 169% 0.3225 $657,176,021
LIN Lindian Resources 17% 7% 627% 650% 0.24 $212,512,718
AVW Avira Resources Ltd 17% 17% -13% -50% 0.0035 $7,468,265
CML Chase Mining Limited 17% 27% 23% -5% 0.014 $14,572,179
WA1 Wa1Resourcesltd 16% 1426% 956% 0% 2.06 $65,153,156
SCN Scorpion Minerals 16% 16% -19% 25% 0.081 $27,030,202
IMI Infinitymining 13% 38% 94% 0% 0.31 $18,935,625
SRL Sunrise 12% 5% -28% 20% 2.2 $207,133,122
AZI Altamin Limited 11% 18% 4% 30% 0.1 $36,037,941
ENT Enterprise Metals 11% 11% -33% -37% 0.01 $6,529,807
RMX Red Mount Min Ltd 11% -17% -38% -62% 0.005 $6,569,455
WC8 Wildcat Resources 11% -6% -12% -42% 0.03 $19,553,182
PEK Peak Rare Earths Ltd 11% 3% 2% -32% 0.47 $97,453,812
PGM Platina Resources 11% 11% -43% -68% 0.021 $13,086,787
WIN Widgienickellimited 10% 65% 14% 100% 0.43 $107,935,516
ESR Estrella Res Ltd 10% 5% -61% -68% 0.011 $17,729,585
S2R S2 Resources 10% 18% -11% -13% 0.165 $60,634,725
ARL Ardea Resources Ltd 10% 10% -12% 111% 1.035 $179,922,038
DVP Develop Global Ltd 10% 12% 17% -2% 2.88 $490,531,425
FG1 Flynngold 9% 9% -17% -38% 0.12 $7,687,326
RLC Reedy Lagoon Corp. 9% -8% -56% -72% 0.012 $7,246,550
BUR Burleyminerals 8% 53% 136% 18% 0.26 $8,580,762
QXR Qx Resources Limited 8% 0% 38% 144% 0.066 $55,557,326
LIT Lithium Australia 8% 4% -38% -59% 0.053 $65,944,350
VMS Venture Minerals 8% 10% -41% -45% 0.027 $44,061,440
TEM Tempest Minerals 8% -10% -56% 0% 0.028 $13,628,687
TON Triton Min Ltd 8% 8% 4% -32% 0.028 $34,569,604
COB Cobalt Blue Ltd 7% 1% -23% 79% 0.67 $224,438,756
ASO Aston Minerals Ltd 7% -4% -48% -38% 0.075 $77,947,165
AOU Auroch Minerals Ltd 7% -2% -33% -59% 0.06 $21,895,596
ZNC Zenith Minerals Ltd 7% 0% -15% 24% 0.305 $103,653,684
BRB Breaker Res NL 7% 31% 37% -22% 0.315 $99,381,483
GSM Golden State Mining 7% 26% -30% -51% 0.049 $5,850,710
BSX Blackstone Ltd 6% -3% -44% -70% 0.17 $82,814,414
ODE Odessa Minerals Ltd 6% -6% 0% 240% 0.017 $9,923,769
HXG Hexagon Energy 6% 20% -38% -80% 0.018 $8,719,570
JMS Jupiter Mines. 6% 3% -12% -10% 0.19 $372,208,296
NC1 Nicoresourceslimited 5% 2% -48% 0% 0.6 $52,755,001
GME GME Resources Ltd 5% -5% -29% 28% 0.082 $52,685,515
AKN Auking Mining Ltd 5% -9% -5% -41% 0.105 $11,341,461
CZL Cons Zinc Ltd 5% -21% -4% -35% 0.022 $10,647,193
MOH Moho Resources 4% 0% -31% -60% 0.024 $4,983,893
KTA Krakatoa Resources 4% -2% -19% 4% 0.0615 $20,682,595
BYH Bryah Resources Ltd 4% 4% -42% -54% 0.026 $7,593,844
EMN Euromanganese 4% 28% 8% -39% 0.345 $87,403,949
VMC Venus Metals Cor Ltd 4% 0% -20% -28% 0.14 $26,711,802
CWX Carawine Resources 3% 3% -36% -60% 0.089 $17,516,755
OZL OZ Minerals 3% 8% 20% 5% 27.43 $9,178,708,969
AML Aeon Metals Ltd. 3% 27% -8% -30% 0.033 $32,892,019
RXL Rox Resources 3% -3% -46% -53% 0.18 $32,162,098
IPX Iperionx Limited 3% 3% -16% -23% 0.74 $127,562,992
AAJ Aruma Resources Ltd 3% 8% -2% -2% 0.079 $11,929,074
CDT Castle Minerals 2% -10% -45% -17% 0.0225 $21,988,846
POS Poseidon Nick Ltd 2% -13% -36% -52% 0.045 $134,814,219
MIN Mineral Resources. 2% 16% 44% 108% 86.18 $15,747,969,294
CTM Centaurus Metals Ltd 2% 23% 2% 10% 1.185 $503,985,402
ETM Energy Transition 2% 0% -25% -36% 0.049 $66,431,457
CAE Cannindah Resources 2% 32% -4% 6% 0.25 $139,798,638
AZS Azure Minerals 2% -2% -5% -26% 0.275 $85,727,323
PTR Petratherm Ltd 2% -19% -49% 17% 0.056 $12,361,313
ADD Adavale Resource Ltd 2% -5% -8% -39% 0.0285 $14,284,079
NIC Nickel Industries 2% 35% -26% -20% 0.955 $2,567,397,087
MEK Meeka Metals Limited 1% 16% 26% 24% 0.072 $73,665,016
QPM Queensland Pacific 1% 11% 7% -9% 0.1825 $302,796,622
TNG TNG Limited 1% 20% 29% 17% 0.089 $124,957,640
EUR European Lithium Ltd 1% 7% 20% -29% 0.096 $140,576,200
MTM Mtmongerresources 1% -21% -36% -34% 0.099 $3,751,003
GT1 Greentechnology 1% 33% 30% 180% 1.1075 $192,645,777
GL1 Globallith 0% -9% 38% 310% 2.42 $505,921,762
ABX ABX Group Limited 0% 0% -12% 38% 0.145 $32,420,668
ARN Aldoro Resources 0% 50% 70% -19% 0.375 $44,432,490
ATM Aneka Tambang 0% 0% -20% -3% 1 $1,303,649
AS2 Askarimetalslimited 0% -4% -15% 96% 0.45 $22,202,605
AOA Ausmon Resorces 0% -25% -25% -14% 0.006 $5,143,736
AVZ AVZ Minerals Ltd 0% 0% 0% 30% 0.78 $2,752,409,203
CLZ Classic Min Ltd 0% -33% -92% -92% 0.012 $9,204,791
CNJ Conico Ltd 0% -36% -69% -76% 0.009 $14,549,681
CZN Corazon Ltd 0% 13% -43% -49% 0.017 $9,765,289
ENV Enova Mining Limited 0% -21% -39% -48% 0.011 $4,691,152
EVR Ev Resources Ltd 0% -16% -53% -61% 0.021 $19,445,665
FFX Firefinch Ltd 0% 0% -38% -19% 0.2 $236,248,644
FGR First Graphene Ltd 0% 14% -19% -40% 0.125 $72,010,642
GED Golden Deeps 0% -29% -47% -17% 0.01 $11,552,267
GSR Greenstone Resources 0% -4% -47% -11% 0.024 $26,864,474
HNR Hannans Ltd 0% 0% -19% -52% 0.021 $54,731,701
IDA Indiana Resources 0% 4% 4% -9% 0.058 $27,861,875
L1M Lightning Minerals 0% 0% 0% 0% 0.24 $7,454,250
LML Lincoln Minerals 0% 0% 0% 0% 0.008 $4,599,869
LSR Lodestar Minerals 0% -9% -50% -50% 0.005 $8,692,187
MRD Mount Ridley Mines 0% 0% -38% -38% 0.005 $34,012,884
PGD Peregrine Gold 0% -22% -6% 16% 0.46 $18,213,388
PUR Pursuit Minerals 0% 9% -45% -66% 0.012 $10,979,971
RFR Rafaella Resources 0% -7% -2% -44% 0.04 $15,118,468
RBX Resource B 0% 11% -53% -55% 0.09 $4,353,285
SHH Shree Minerals Ltd 0% 20% -14% -10% 0.009 $11,146,382
SLZ Sultan Resources Ltd 0% -2% -39% -39% 0.095 $7,912,017
TSC Twenty Seven Co. Ltd 0% 0% -29% -43% 0.002 $10,643,256
VIA Viagold Rare Earth 0% 0% 0% 0% 2 $166,624,808
WKT Walkabout Resources 0% 0% 0% 10% 0.173011 $104,357,200
WML Woomera Mining Ltd 0% 1% -33% -25% 0.014 $10,961,817
XTC Xantippe Res Ltd 0% -13% -36% 40% 0.007 $48,871,379
ILU Iluka Resources 0% 7% -3% 18% 9.93 $4,138,839,151
OMH OM Holdings Limited -1% 12% -14% -25% 0.73 $539,195,036
BHP BHP Group Limited -1% 15% 4% 35% 43.66 $217,576,992,880
MRC Mineral Commodities -1% -4% -40% -37% 0.072 $40,234,993
TMT Technology Metals -1% -9% -4% 0% 0.35 $72,389,472
BMM Balkanminingandmin -2% 16% 9% -45% 0.295 $12,473,119
DEV Devex Resources Ltd -2% -7% -27% -50% 0.275 $93,483,420
A11 Atlantic Lithium -2% 43% 0% 0% 0.8825 $514,880,411
KZR Kalamazoo Resources -2% 32% -29% -35% 0.25 $37,204,844
SRI Sipa Resources Ltd -2% -17% 10% -17% 0.044 $9,987,380
EFE Eastern Resources -2% 8% 8% -43% 0.042 $49,846,832
ARR American Rare Earths -2% 8% -43% 11% 0.2 $86,654,256
NTU Northern Min Ltd -3% -7% -7% -45% 0.039 $199,445,652
TLG Talga Group Ltd -3% 14% -1% -24% 1.355 $434,626,036
AGY Argosy Minerals Ltd -3% 23% 62% 139% 0.6575 $912,864,874
SGQ St George Min Ltd -3% 79% 92% 19% 0.075 $52,595,086
HAS Hastings Tech Met -3% 2% -30% -30% 3.62 $447,165,800
LRV Larvottoresources -3% -12% -43% 0% 0.18 $9,482,045
1MC Morella Corporation -3% -20% -38% -72% 0.0175 $98,626,448
WCN White Cliff Min Ltd -3% -8% -17% 46% 0.0175 $13,083,059
AUZ Australian Mines Ltd -3% 5% -49% -70% 0.069 $32,344,015
FTL Firetail Resources -3% -13% -48% 0% 0.17 $10,725,000
NWC New World Resources -3% 6% -23% -50% 0.033 $61,112,793
BKT Black Rock Mining -3% -3% -20% -26% 0.16 $157,158,072
M2R Miramar -3% -9% -23% -52% 0.096 $6,785,447
IGO IGO Limited -3% 1% 37% 58% 16.03 $11,745,223,780
AVL Aust Vanadium Ltd -3% -17% -42% 16% 0.029 $117,615,302
LMG Latrobe Magnesium -4% 8% 13% -26% 0.081 $128,096,509
CHN Chalice Mining Ltd -4% 7% -31% -52% 4.67 $1,723,441,149
SRZ Stellar Resources -4% -11% -50% -50% 0.012 $12,055,571
KNI Kunikolimited -4% -13% -38% -62% 0.58 $29,252,962
G88 Golden Mile Res Ltd -4% -15% -58% -52% 0.023 $4,705,564
DRE Dreadnought Resources Ltd -5% -5% 139% 103% 0.0955 $295,076,309
BOA Boadicea Resources -5% 0% -43% -52% 0.1 $7,381,490
NMT Neometals Ltd -5% 0% -20% -4% 1.05 $574,850,823
FRB Firebird Metals -5% -10% -45% -56% 0.19 $12,750,623
LEG Legend Mining -5% 0% -50% -28% 0.036 $101,940,022
AZL Arizona Lithium Ltd -5% -2% -50% -30% 0.0775 $185,564,268
MMC Mitremining -6% 0% 17% -17% 0.17 $4,604,467
LTR Liontown Resources -6% 12% 59% 22% 2.075 $4,458,763,761
BCA Black Canyon Limited -6% 9% -21% -4% 0.24 $10,762,194
IXR Ionic Rare Earths -6% -6% -27% -23% 0.0395 $147,158,987
A8G Australasian Metals -6% -10% -38% -63% 0.225 $9,469,214
DM1 Desert Metals -6% -28% 0% 13% 0.3 $15,597,341
KAI Kairos Minerals Ltd -6% 7% 11% 3% 0.03 $58,922,805
MRR Minrex Resources Ltd -6% -2% -20% 110% 0.044 $46,592,293
STK Strickland Metals -6% -19% -45% -41% 0.044 $64,660,590
KFM Kingfisher Mining -7% 10% 100% 150% 0.5 $22,564,951
LYC Lynas Rare Earths -7% 15% -11% 3% 8.545 $7,620,713,060
GW1 Greenwing Resources -7% 0% 6% -29% 0.35 $44,802,939
VML Vital Metals Limited -7% -20% -43% -53% 0.028 $143,266,043
PLS Pilbara Min Ltd -7% -3% 73% 109% 4.935 $14,284,390,333
SYR Syrah Resources -7% 8% 28% 104% 2.375 $1,569,135,461
AM7 Arcadia Minerals -7% -13% 15% 26% 0.27 $11,674,473
NWM Norwest Minerals -7% 96% 15% -33% 0.053 $13,548,551
AR3 Austrare -7% 4% -19% -65% 0.36 $33,796,551
CMO Cosmometalslimited -7% -9% -4% 0% 0.13 $3,316,300
GRE Greentechmetals -7% -19% -24% 0% 0.13 $4,843,500
MQR Marquee Resource Ltd -7% -17% -50% -60% 0.052 $16,516,114
PNT Panthermetalsltd -8% 3% -21% 0% 0.185 $5,795,000
ASN Anson Resources Ltd -8% -16% 113% 63% 0.245 $276,335,090
LPM Lithium Plus -8% 11% -3% 0% 0.61 $27,102,911
NKL Nickelxltd -8% -35% -46% -22% 0.097 $7,750,923
GLN Galan Lithium Ltd -8% 20% 6% 2% 1.525 $440,103,478
LPD Lepidico Ltd -8% -20% -39% -63% 0.0175 $137,479,882
QEM QEM Limited -8% -17% -11% -20% 0.175 $23,834,933
JRV Jervois Global Ltd -8% -30% -57% -31% 0.3775 $727,988,171
S32 South32 Limited -8% 7% -16% 14% 3.985 $17,660,223,558
PVW PVW Res Ltd -8% -18% -65% -76% 0.115 $11,162,625
DTM Dart Mining NL -8% -18% -7% -30% 0.068 $10,557,691
PAN Panoramic Resources -8% 13% -37% -29% 0.17 $358,909,951
CMX Chemxmaterials -8% -20% -27% 0% 0.165 $7,732,911
JRL Jindalee Resources -8% 3% -39% -13% 2.19 $129,102,674
VUL Vulcan Energy -8% 20% -3% -29% 7.22 $1,037,747,579
ESS Essential Metals Ltd -8% -15% -21% 107% 0.435 $107,374,539
CAI Calidus Resources -9% 7% -57% -43% 0.375 $161,979,231
KOR Korab Resources -9% -3% 7% -52% 0.032 $12,112,650
ALY Alchemy Resource Ltd -9% 2% -5% 104% 0.0265 $31,673,059
CRR Critical Resources -9% -28% -38% 13% 0.053 $77,663,126
EMT Emetals Limited -9% 29% 24% -23% 0.0155 $15,300,000
LOT Lotus Resources Ltd -9% -3% -21% -33% 0.2175 $298,602,733
LPI Lithium Pwr Int Ltd -9% -8% -9% 13% 0.53 $205,380,591
BC8 Black Cat Syndicate -10% 0% -27% -49% 0.32 $71,771,799
AKE Allkem Limited -10% 0% 12% 61% 14.635 $9,105,757,468
ADV Ardiden Ltd -10% 20% -25% -25% 0.009 $24,015,018
GRL Godolphin Resources -10% 0% -33% -42% 0.081 $9,469,556
RR1 Reach Resources Ltd -10% -10% -25% -55% 0.0045 $7,640,203
THR Thor Mining PLC -10% 0% -31% -40% 0.009 $9,925,951
BEM Blackearth Minerals -10% -6% -15% -23% 0.089 $24,844,014
PNN Power Minerals Ltd -10% 9% -7% -15% 0.53 $38,243,227
PBL Parabellumresources -10% 20% 123% 0% 0.48 $29,276,538
AX8 Accelerate Resources -10% -21% -30% -40% 0.026 $7,572,849
LKE Lake Resources -10% 0% -30% 23% 1.0525 $1,446,950,657
LNR Lanthanein Resources -11% -8% 21% 21% 0.034 $31,773,244
VRC Volt Resources Ltd -11% -41% -19% -37% 0.017 $57,525,761
BNR Bulletin Res Ltd -11% 4% -36% 40% 0.125 $36,573,888
IG6 Internationalgraphit -11% -3% -2% 0% 0.29 $25,956,492
VR8 Vanadium Resources -11% -28% -42% -27% 0.058 $28,095,918
ASM Ausstratmaterials -11% -7% -68% -86% 1.725 $273,264,262
SBR Sabre Resources -11% -33% -20% -33% 0.004 $11,659,424
REE Rarex Limited -11% -16% -41% -51% 0.047 $28,389,942
AQD Ausquest Limited -12% -12% -25% -12% 0.015 $12,377,238
MCR Mincor Resources NL -12% 0% -39% 23% 1.5175 $747,647,565
M24 Mamba Exploration -12% -19% 0% -49% 0.11 $4,639,250
NVX Novonix Limited -12% 7% -42% -76% 2.37 $1,138,830,975
CNB Carnaby Resource Ltd -12% -9% -26% 189% 0.78 $117,094,324
GBR Greatbould Resources -12% -6% -15% -39% 0.085 $38,481,368
PRL Province Resources -13% -20% -20% -59% 0.069 $88,611,986
MLX Metals X Limited -13% 2% -46% -32% 0.27 $249,498,168
TKM Trek Metals Ltd -13% 45% 19% -24% 0.087 $34,210,838
PLL Piedmont Lithium Inc -13% 2% 1% 9% 0.865 $443,159,472
MNS Magnis Energy Tech -13% 4% -10% -17% 0.365 $368,725,964
CHR Charger Metals -13% 20% 2% 33% 0.58 $25,509,530
EGR Ecograf Limited -14% -6% -22% -53% 0.32 $141,855,040
OCN Oceanalithiumlimited -14% 11% 0% 0% 0.54 $18,941,625
INR Ioneer Ltd -14% 4% 0% -20% 0.5425 $1,101,627,590
KGD Kula Gold Limited -14% -10% 18% -21% 0.037 $12,281,205
RGL Riversgold -15% -20% -29% 93% 0.035 $34,036,838
LLI Loyal Lithium Ltd -15% 21% 90% 147% 0.58 $25,473,300
RDT Red Dirt Metals Ltd -15% 7% -2% -13% 0.545 $186,328,327
MAN Mandrake Res Ltd -15% 14% -22% -31% 0.04 $21,379,997
FRS Forrestaniaresources -15% -6% -26% -53% 0.17 $9,075,568
KOB Kobaresourceslimited -15% 70% -8% 0% 0.17 $11,050,000
GAL Galileo Mining Ltd -15% -9% -11% 302% 1.025 $208,265,714
EMS Eastern Metals -15% -8% -49% -56% 0.11 $4,297,085
NVA Nova Minerals Ltd -16% 15% 16% -52% 0.75 $138,664,263
BUX Buxton Resources Ltd -16% 7% 14% 0% 0.105 $17,115,292
INF Infinity Lithium -16% -16% 33% -14% 0.18 $81,821,132
SYA Sayona Mining Ltd -16% -3% -22% 40% 0.2175 $1,784,673,332
CY5 Cygnus Gold Limited -17% 9% 213% 170% 0.5 $70,036,018
HRE Heavy Rare Earths -17% -19% 0% 0% 0.15 $8,923,190
LEL Lithenergy -19% -25% -27% 1% 0.9 $54,435,750
SUM Summitminerals -19% -3% 0% 0% 0.175 $4,327,321
RAG Ragnar Metals Ltd -20% -36% -63% -64% 0.016 $6,066,958
EMH European Metals Hldg -22% -7% -24% -47% 0.745 $92,286,444
CXO Core Lithium -23% 5% 7% 153% 1.4425 $2,582,838,784
WC1 Westcobarmetals -24% -17% 35% 3% 0.175 $12,206,263
TMB Tambourahmetals -28% 4% -34% -49% 0.145 $5,972,927
E25 Element 25 Ltd -28% -5% 47% -12% 1.03 $173,666,769
RAS Ragusa Minerals Ltd -39% -54% 59% 45% 0.1275 $17,188,359
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Weekly Small Cap Standouts

VICTORY GOLDFIELDS (ASX:1VG)

The recent rare earths standout is embarking on drilling an alkaline igneous intrusion at North Stanmore – referred by industry experts as “engine rooms for rare earth elements and critical metals”.

This hard rock target is separate, but potentially related to the high grade clay-hosted discovery 1km away announced earlier last week.

“Victory’s technical team believe that the company’s ionic clay rare earth discovery to the south is likely to be related to the alkaline intrusion as geochemical data from the initial diamond hole has confirmed similar ratios of HREE/TREE,” it says.

This three-hole drilling program will kick off immediately, 1VG says.

Meanwhile, an ongoing 10,000m drilling program is going well, with initial XRF testing indicating “potential for a large ionic clay REE footprint around the North Stanmore alkaline intrusion”.

 

WINSOME RESOURCES (ASX:WR1)

WR1 has been a red-hot standout over the past month, up almost 200% on a steady flow of good news out of its suite of Canadian lithium projects.

Last week it made plans to raise $6.8m at $1.67 a share – an unprecedented 98% premium to the last closing price.

It will be raised using so-called ‘flow-through shares’ provisions under Canadian tax law. The shares will be immediately on-sold through a block trade agreement “to select high-quality domestic and offshore institutional investors”.

WR1 says flow-through provisions enables it to significantly minimise dilution while ramping up exploration programs at its Cancet and Adina projects.

“It allows us to raise capital at a premium price without the level of dilution that would occur via a standard, share placement offer,” managing director Chris Evans says.

“It also allows Winsome to facilitate the introduction of select high-quality institutional investors to the company’s share register.

“The funds raised will enable us to continue the exploration work at Cancet and Adina without delay, strengthen cash reserves and work towards our intention to announce maiden resources next year.”

WR1 caught a rocket after announcing a “significant pegmatite intercept” late October at the Adina lithium project in Canada.

All up, 160m of pegmatite was intercepted in drilling below the recently discovered, well mineralised Jamar outcrop, it said late October.

A 12,000m drilling program currently underway will culminate in a maiden resource at the Adina and Cancet projects in 2023.

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