- Lithium prices faking at a rebound as corporate activity rises
- Sayona-Piedmont the latest scrip M&A deal, while Norm Seckold lists $9.7m Nevada lithium float
- WA1, Nico, Pantera among High Voltage weekly gains
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.
Back from the brink, the bottom of the market is bringing a handful of investment opportunities to bear in sold-off lithium.
The price news remains particularly difficult, with hydroxide chemicals – used in nickel rich EV battery chemistries – fetching just US$8750/t according to Fastmarkets.
Battery-grade carbonate, associated with cheaper but shorter range lithium-iron-phosphate battery chemistry EV batteries, is a little brighter at US$11,110/t across China, Japan and Korea.
But there are a couple bright-ish spots if the price reporting agency’s numbers are to be believed.
Chinese carbonate prices, for instance, recorded a US$1340/t WoW growth to RMB84,700/t or US$11,695/t. 6% Li20 spodumene concentrate meanwhile lifted to US$850/t, above the month average of US$821/t.
That reflected movements in the futures market, according to Fastmarkets, though spot sales were sparse.
But for anyone with a long-term bullish outlook on lithium and battery demand, some corporate machinations suggest there will be ways to play the battered sector.
Down-cycle M&A
Rio Tinto (ASX:RIO) and Pilbara Minerals (ASX:PLS) sounded the alarm that counter-cyclical acquisitions were beginning ahead of the next upturn in the battery materials cycle with their $10bn and $560m moves respectively on Arcadium Lithium (ASX:LTM).
But it’s happening further down the curve as well.
This week saw the marriage of Sayona Mining (ASX:SYA) and Piedmont Lithium (ASX:PLL), bringing the North American Lithium operation in Quebec, Canada, under a single banner.
The companies had previously owned the project in a 75-25 split, with NASDAQ dual-listed Piedmont also boasting an interest in Atlantic Lithium’s (ASX:A11) Ewoyaa project in Ghana and proposed conversion plants in the US.
Outside of NAL, SYA also boasts the Moblan and Authier projects in Quebec, giving it a sizeable resource base of more than 150Mt to tap should lithium markets turn around.
The merger is being supported by Resource Capital Funds, which will tip US$45 million ($69m) into the business subject to Sayona shareholder approval, with both Piedmont and Sayona to also raise US$27m ($40m) each. The merged entity plans to allow non-institutional holders to take part in a $22.5m raise post combination.
NAL produced 52,141t of 5.3% spodumene concentrate in the September quarter, lifting revenue 113% to $52m.
But its operating costs of $1335/dmt (FOB) while down 11% QoQ continue to run above average sale prices of $1067/dmt (US$711/t).
Underlying EBITDA was negative $18m in the three months to September 30.
The return of IPOs
ASX IPOs hit a long-term high in 2021 as over 100 resources companies, many of them chasing lithium, leapt onto the bourse.
These days they’re fewer and farther in between. But today a new lithium explorer hits the bourse in the form of Norm Seckold’s Fulcrum Lithium.
Chaired by Seckold, the chairman of $4bn ASX success story Nickel Industries (ASX:NIC), Sky Metals (ASX:SKY) and Alpha HPA (ASX:A4N), he will hold a post-listing diluted holding in the company of 23.83%.
Loaded up with the ASX code FUL, the $9.7 million, 25c per share float – managed by Bell Potter – will ring the bell at 10.30am AEDT on Friday, seeking to explore for the white stuff in Nevada’s Esmeralda County.
FUL’s Fairway, Alkali Flats and Summit projects surround or abut a number of major US lithium deposits in Nevada, close to major gigafactories like Tesla’s Reno facility.
They include American Lithium’s TLC project, American Battery Technology Co.’s Tonopah Flats, ioneer’s (ASX:INR) Rhyolite Ridge and Albemarle’s Silver Peak.
The largest of FUL’s assets is the flagship Alkali Flats, located to the east of Albemarle’s operating lithium brine Silver Peak, the only major lithium producer in the USA currently, where the junior has set out an exploration target over two areas of 3.42-7.35Bt at 500-700ppm Li for 9.1-27.4Mt of lithium carbonate equivalent.
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 >>>
| Code | Company | Price | % Week | % Month | % Six Month | % Year | Market Cap |
|---|---|---|---|---|---|---|---|
| OD6 | Od6Metalsltd | 0.2 | 19900% | 19900% | 19900% | 0% | $5,791,058 |
| ITM | Itech Minerals Ltd | 0.155 | 244% | 210% | 675% | 252% | $11,439,271 |
| DLI | Delta Lithium | 0.003 | 50% | 0% | -40% | -70% | $139,725,649 |
| RVT | Richmond Vanadium | 0.061 | 42% | 24% | -33% | -29% | $25,000,264 |
| MRD | Mount Ridley Mines | 0.0025 | 25% | -17% | 0% | -71% | $7,784,883 |
| TMX | Terrain Minerals | 0.057 | 24% | 24% | -21% | -2% | $7,200,115 |
| WA1 | Wa1Resourcesltd | 0.084 | 24% | 22% | -2% | -38% | $983,233,068 |
| NC1 | Nicoresourceslimited | 0.037 | 23% | -23% | -21% | -51% | $14,228,575 |
| GW1 | Greenwing Resources | 0.011 | 22% | 22% | 10% | -69% | $10,348,014 |
| GRE | Greentechmetals | 0.12 | 20% | -8% | -25% | -65% | $7,560,278 |
| ADD | Adavale Resource Ltd | 0.021 | 17% | 5% | -50% | -71% | $3,059,413 |
| SRZ | Stellar Resources | 0.0035 | 17% | -13% | -50% | -68% | $38,475,386 |
| FTL | Firetail Resources | 0.028 | 17% | -15% | -23% | -41% | $25,174,846 |
| PFE | Panteraminerals | 0.0035 | 17% | -22% | -42% | -65% | $9,475,674 |
| CNB | Carnaby Resource Ltd | 0.004 | 14% | 0% | -43% | -60% | $63,616,781 |
| S32 | South32 Limited | 0.12 | 14% | 9% | -45% | -31% | $16,731,510,726 |
| MHC | Manhattan Corp Ltd | 0.004 | 14% | 14% | 14% | 0% | $4,497,970 |
| STM | Sunstone Metals Ltd | 0.018 | 13% | -5% | -12% | 100% | $38,616,777 |
| EV1 | Evolutionenergy | 14.94 | 12% | 11% | -32% | 75% | $10,095,880 |
| STK | Strickland Metals | 0.015 | 11% | 7% | -21% | -48% | $176,593,179 |
| AR3 | Austrare | 0.01 | 11% | 0% | -23% | -60% | $16,656,850 |
| PEK | Peak Rare Earths Ltd | 0.105 | 11% | 7% | -22% | -34% | $32,171,502 |
| SGQ | St George Min Ltd | 0.265 | 10% | -9% | 6% | 77% | $27,213,511 |
| FRS | Forrestaniaresources | 0.046 | 10% | -6% | -27% | -21% | $3,262,867 |
| BKT | Black Rock Mining | 0.025 | 9% | -32% | -47% | -67% | $57,594,235 |
| BUR | Burleyminerals | 0.575 | 8% | -3% | 64% | 109% | $9,774,111 |
| LRS | Latin Resources Ltd | 0.0065 | 8% | -19% | -28% | -82% | $546,276,795 |
| AVL | Aust Vanadium Ltd | 0.081 | 8% | 0% | 8% | -71% | $116,567,884 |
| BCA | Black Canyon Limited | 0.028 | 8% | -7% | -30% | -41% | $5,242,185 |
| MLS | Metals Australia | 0.215 | 8% | 10% | -16% | -19% | $18,180,488 |
| SBR | Sabre Resources | 6.55 | 7% | 38% | 36% | 171% | $4,322,581 |
| ZNC | Zenith Minerals Ltd | 0.0075 | 7% | 25% | -32% | -53% | $17,805,200 |
| BMM | Balkanminingandmin | 0.155 | 7% | -26% | -63% | -74% | $4,388,066 |
| IXR | Ionic Rare Earths | 0.016 | 7% | -6% | 0% | -52% | $43,827,864 |
| MTM | MTM Critical Metals | 0.016 | 7% | 7% | 33% | -6% | $23,312,825 |
| BM8 | Battery Age Minerals | 0.049 | 7% | -2% | -40% | -77% | $9,464,995 |
| LSR | Lodestar Minerals | 0.515 | 6% | 23% | 348% | 410% | $3,372,329 |
| OMH | OM Holdings Limited | 3.75 | 6% | 1% | -4% | 18% | $260,527,312 |
| RMX | Red Mount Min Ltd | 1.005 | 6% | -26% | 18% | 310% | $4,260,936 |
| SLZ | Sultan Resources Ltd | 4.11 | 6% | 19% | 96% | 187% | $1,620,289 |
| NIC | Nickel Industries | 0.0095 | 6% | -5% | -27% | -57% | $3,925,176,040 |
| FRB | Firebird Metals | 0.019 | 6% | -30% | -50% | -58% | $17,083,368 |
| PNN | Power Minerals Ltd | 0.041 | 5% | 3% | -18% | -32% | $10,900,399 |
| AXE | Archer Materials | 0.021 | 5% | 5% | -40% | -30% | $77,728,339 |
| FIN | FIN Resources Ltd | 0.0105 | 5% | -22% | -80% | -63% | $3,895,612 |
| EVG | Evion Group NL | 0.9175 | 5% | -1% | -14% | 15% | $11,796,748 |
| AZL | Arizona Lithium Ltd | 0.044 | 5% | -4% | -19% | -51% | $67,107,218 |
| WC8 | Wildcat Resources | 0.044 | 5% | -12% | -37% | -73% | $333,872,360 |
| AGY | Argosy Minerals Ltd | 0.24 | 4% | -17% | -49% | -20% | $52,413,154 |
| IPX | Iperionx Limited | 0.024 | 4% | 14% | 4% | -40% | $1,210,623,588 |
| WR1 | Winsome Resources | 0.12 | 4% | -14% | 43% | -23% | $112,964,588 |
| CNJ | Conico Ltd | 0.073 | 4% | -8% | -42% | -57% | $2,201,528 |
| LLI | Loyal Lithium Ltd | 0.53 | 4% | 5% | -61% | -55% | $9,736,972 |
| ALY | Alchemy Resource Ltd | 0.056 | 4% | 14% | 12% | -23% | $8,246,534 |
| PTR | Petratherm Ltd | 0.028 | 4% | 4% | 17% | -30% | $34,900,465 |
| REE | Rarex Limited | 0.03 | 3% | -6% | -60% | -82% | $8,809,304 |
| RNU | Renascor Res Ltd | 0.16 | 3% | 7% | -9% | -19% | $172,844,418 |
| RR1 | Reach Resources Ltd | 0.067 | 3% | 5% | 81% | 81% | $9,618,745 |
| EMH | European Metals Hldg | 0.042 | 2% | 11% | 5% | -26% | $32,153,929 |
| PAM | Pan Asia Metals | 0.098 | 2% | 20% | -35% | 2% | $12,746,410 |
| OM1 | Omnia Metals Group | 0.099 | 2% | -10% | -29% | -58% | $4,550,568 |
| SUM | Summitminerals | 0.027 | 2% | -13% | -32% | -79% | $14,244,118 |
| VML | Vital Metals Limited | 0.4275 | 2% | -13% | -13% | -14% | $17,685,201 |
| NWC | New World Resources | 0.0355 | 1% | -4% | -72% | -76% | $59,645,916 |
| M2R | Miramar | 0.37 | 1% | 12% | 37% | 45% | $1,984,116 |
| MLX | Metals X Limited | 0.078 | 1% | -1% | -21% | -54% | $376,587,041 |
| LLL | Leolithiumlimited | 0.395 | 1% | -14% | -19% | -29% | $605,458,342 |
| KNI | Kunikolimited | 0.2225 | 1% | -29% | -46% | -57% | $16,052,315 |
| AXN | Alliance Nickel Ltd | 0.09 | 1% | 1% | -14% | -63% | $26,856,066 |
| PVW | PVW Res Ltd | 0 | 0% | 0% | 0% | 0% | $3,381,381 |
| CAE | Cannindah Resources | 0.004 | 0% | -33% | -64% | -86% | $30,935,518 |
| COB | Cobalt Blue Ltd | 0.004 | 0% | 0% | 33% | -50% | $29,995,707 |
| CZN | Corazon Ltd | 0.001 | 0% | 0% | -50% | -50% | $2,671,622 |
| GBR | Greatbould Resources | 0.002 | 0% | 0% | -33% | -67% | $32,632,192 |
| PLL | Piedmont Lithium Inc | 0.042 | 0% | 0% | 0% | -28% | $76,325,950 |
| ARL | Ardea Resources Ltd | 0.016 | 0% | 14% | 220% | 220% | $75,879,508 |
| CHN | Chalice Mining Ltd | 0.011 | 0% | -21% | -48% | -76% | $540,747,235 |
| NMT | Neometals Ltd | 0.003 | 0% | -25% | -33% | -50% | $69,248,258 |
| IGO | IGO Limited | 0.099 | 0% | -1% | -21% | -60% | $3,756,048,352 |
| ADV | Ardiden Ltd | 0.027 | 0% | -10% | -44% | -49% | $7,814,688 |
| PLS | Pilbara Min Ltd | 0.115 | 0% | 19% | 15% | 10% | $8,703,361,969 |
| TKL | Traka Resources | 0.025 | 0% | -4% | 39% | -32% | $1,945,659 |
| IPT | Impact Minerals | 0.041 | 0% | 0% | 0% | 0% | $36,713,205 |
| LIT | Livium Ltd | 0.012 | 0% | 0% | -48% | 9% | $24,977,281 |
| ARN | Aldoro Resources | 0.019 | 0% | -10% | -30% | -42% | $11,443,018 |
| JRV | Jervois Global Ltd | 0.085 | 0% | 5% | 10% | 0% | $32,433,165 |
| BSX | Blackstone Ltd | 0.002 | 0% | 0% | -50% | -80% | $15,386,277 |
| POS | Poseidon Nick Ltd | 0.028 | 0% | -16% | -52% | -67% | $16,815,502 |
| CHR | Charger Metals | 0.005 | 0% | -17% | -9% | -70% | $6,271,040 |
| AUZ | Australian Mines Ltd | 0.014 | 0% | -13% | -13% | -42% | $15,383,633 |
| EGR | Ecograf Limited | 0.034 | 0% | -3% | -31% | -56% | $35,422,282 |
| TVN | Tivan Limited | 0.86 | 0% | -4% | -20% | -27% | $99,344,963 |
| GAL | Galileo Mining Ltd | 0.007 | 0% | -13% | 0% | -22% | $24,703,116 |
| ASL | Andean Silver | 0.37 | 0% | -3% | -10% | -34% | $160,693,099 |
| LML | Lincoln Minerals | 0.008 | 0% | 0% | -41% | -31% | $12,337,557 |
| PUR | Pursuit Minerals | 0.026 | 0% | 0% | 13% | -16% | $10,906,200 |
| LEG | Legend Mining | 0.11 | 0% | -39% | -52% | -71% | $32,004,249 |
| AML | Aeon Metals Ltd. | 0.005 | 0% | -17% | 0% | -38% | $5,482,003 |
| G88 | Golden Mile Res Ltd | 0.005 | 0% | 0% | -17% | -44% | $5,673,874 |
| WKT | Walkabout Resources | 0.012 | 0% | -8% | 0% | -48% | $63,769,838 |
| TON | Triton Min Ltd | 0.095 | 0% | -4% | -21% | -37% | $15,683,887 |
| ARU | Arafura Rare Earths | 0.11 | 0% | -21% | 5% | -42% | $320,362,730 |
| MIN | Mineral Resources. | 0.13 | 0% | -19% | -33% | -32% | $6,821,160,745 |
| VR8 | Vanadium Resources | 0.001 | 0% | 0% | 0% | -75% | $15,753,506 |
| NVA | Nova Minerals Ltd | 0.024 | 0% | -4% | -14% | -60% | $56,196,517 |
| EFE | Eastern Resources | 0.003 | 0% | -18% | -64% | -70% | $4,967,786 |
| BNR | Bulletin Res Ltd | 0.375 | 0% | 1% | -56% | -38% | $11,450,920 |
| AM7 | Arcadia Minerals | 0.01 | 0% | 25% | -79% | -84% | $3,277,403 |
| EMS | Eastern Metals | 0.011 | 0% | -21% | -60% | -37% | $1,818,820 |
| IMI | Infinitymining | 0.01 | 0% | 0% | -9% | -55% | $5,488,117 |
| RAG | Ragnar Metals Ltd | 0.001 | 0% | 0% | -38% | -72% | $9,953,706 |
| TMB | Tambourahmetals | 0.003 | 0% | -14% | 0% | -14% | $2,764,751 |
| EMC | Everest Metals Corp | 0.006 | 0% | -25% | -30% | -30% | $23,285,389 |
| KZR | Kalamazoo Resources | 0.002 | 0% | -33% | -50% | -92% | $17,106,805 |
| CMX | Chemxmaterials | 0.008 | 0% | 0% | 33% | -50% | $4,773,826 |
| ENT | Enterprise Metals | 0.007 | 0% | -13% | -46% | -75% | $4,713,269 |
| AKN | Auking Mining Ltd | 0.036 | 0% | 3% | 20% | -55% | $1,565,401 |
| RR1 | Reach Resources Ltd | 0.004 | 0% | -20% | -79% | -93% | $9,618,745 |
| CAI | Calidus Resources | 0.001 | 0% | 0% | 0% | -50% | $93,678,206 |
| GT1 | Greentechnology | 0.115 | 0% | 0% | -15% | -36% | $26,435,143 |
| PGD | Peregrine Gold | 0.018 | 0% | -5% | -55% | -45% | $8,824,195 |
| YAR | Yari Minerals Ltd | 0.014 | 0% | -13% | -13% | -50% | $1,929,431 |
| IG6 | Internationalgraphit | 0.004 | 0% | 0% | 0% | -71% | $12,774,850 |
| CLZ | Classic Min Ltd | 0.003 | 0% | 0% | -40% | -63% | $1,544,026 |
| NVX | Novonix Limited | 0.001 | 0% | 0% | -83% | -98% | $380,198,524 |
| ILU | Iluka Resources | 0.11 | 0% | -39% | -52% | -71% | $2,351,088,849 |
| CRI | Criticalim | 0.023 | 0% | 0% | -32% | -34% | $26,723,155 |
| VTM | Victory Metals Ltd | 0.105 | 0% | 8% | 35% | 88% | $40,146,004 |
| WCN | White Cliff Min Ltd | 0.006 | 0% | -14% | -42% | -74% | $28,357,061 |
| KFM | Kingfisher Mining | 0.015 | 0% | -17% | -17% | -55% | $2,739,465 |
| AOA | Ausmon Resorces | 0.051 | 0% | -22% | -25% | -73% | $2,117,999 |
| WC1 | Westcobarmetals | 0.002 | 0% | -20% | -33% | -33% | $2,745,006 |
| DM1 | Desert Metals | 0.015 | 0% | 7% | -46% | -58% | $7,431,919 |
| M24 | Mamba Exploration | 0.01 | 0% | 0% | -44% | -76% | $1,880,823 |
| TKM | Trek Metals Ltd | 0.003 | 0% | 0% | -40% | -63% | $14,388,440 |
| BC8 | Black Cat Syndicate | 0.105 | 0% | -19% | -61% | -77% | $311,172,929 |
| VHM | Vhmlimited | 0.078 | 0% | 0% | 0% | 0% | $64,313,985 |
| SRN | Surefire Rescs NL | 0.505 | 0% | 0% | 0% | 0% | $5,958,923 |
| LU7 | Lithium Universe Ltd | 0.008 | 0% | -20% | -11% | -55% | $7,557,052 |
| MEI | Meteoric Resources | 0.01 | 0% | -44% | -44% | -75% | $229,871,121 |
| LM1 | Leeuwin Metals Ltd | 0.006 | 0% | 0% | -54% | -78% | $3,420,172 |
| HAW | Hawthorn Resources | 0.073 | 0% | -15% | -9% | -64% | $17,755,827 |
| RON | Roninresourcesltd | 0.012555 | 0% | 0% | -13% | -19% | $5,892,002 |
| KNG | Kingsland Minerals | 7.97 | -1% | -3% | 11% | 0% | $13,423,769 |
| LEL | Lithenergy | 40.01 | -1% | -5% | -12% | -14% | $41,440,581 |
| ASM | Ausstratmaterials | 5.46 | -1% | -13% | -31% | -25% | $91,566,416 |
| SYA | Sayona Mining Ltd | 0.067 | -1% | -14% | -50% | -58% | $391,145,249 |
| PBL | Parabellumresources | 0.066 | -1% | -6% | -57% | -62% | $3,115,000 |
| EMN | Euromanganese | 0.265 | -2% | -9% | -15% | -38% | $10,202,496 |
| LCY | Legacy Iron Ore | 0.053 | -2% | -9% | -26% | -43% | $122,132,779 |
| VMC | Venus Metals Cor Ltd | 34.3 | -2% | -25% | -57% | -46% | $13,729,008 |
| ANX | Anax Metals Ltd | 0.245 | -2% | 44% | 345% | 11% | $9,150,067 |
| FBM | Future Battery | 0.235 | -2% | -8% | -52% | -64% | $13,972,474 |
| EG1 | Evergreenlithium | 0.235 | -2% | -8% | -52% | -64% | $4,779,550 |
| LMG | Latrobe Magnesium | 0.084 | -2% | -2% | -30% | -24% | $54,016,360 |
| HRE | Heavy Rare Earths | 0.04 | -2% | 14% | -41% | -77% | $2,443,979 |
| TOR | Torque Met | 0.2 | -2% | 0% | 18% | -2% | $12,982,524 |
| ASN | Anson Resources Ltd | 0.19 | -3% | -16% | -51% | -85% | $95,541,071 |
| AVW | Avira Resources Ltd | 0.175 | -3% | -17% | -55% | -29% | $2,938,790 |
| GL1 | Globallith | 0.067 | -3% | -14% | -42% | -54% | $49,511,698 |
| CWX | Carawine Resources | 0.033 | -3% | 3% | 38% | -3% | $27,154,427 |
| DVP | Develop Global Ltd | 0.165 | -3% | -11% | -11% | 50% | $528,162,362 |
| CXO | Core Lithium | 0.063 | -3% | 0% | -61% | -57% | $212,158,539 |
| RIL | Redivium Limited | 0.0145 | -3% | -19% | -37% | -69% | $10,987,419 |
| JLL | Jindalee Lithium Ltd | 0.145 | -3% | 12% | -37% | -78% | $23,907,510 |
| DYM | Dynamicmetalslimited | 0.087 | -3% | -30% | -11% | -55% | $7,200,000 |
| WSR | Westar Resources | 0.085 | -3% | 8% | -6% | -54% | $3,189,799 |
| MAN | Mandrake Res Ltd | 0.2075 | -3% | -20% | -10% | 43% | $15,054,238 |
| ATM | Aneka Tambang | 0.078 | -4% | -5% | -46% | -61% | $1,121,138 |
| MRR | Minrex Resources Ltd | 0.013 | -4% | -13% | 8% | -57% | $8,678,940 |
| PEK | Peak Rare Earths Ltd | 0.051 | -4% | -6% | -11% | -71% | $32,171,502 |
| SYR | Syrah Resources | 0.0115 | -4% | -12% | -32% | -69% | $243,199,565 |
| JMS | Jupiter Mines. | 0.34 | -4% | -13% | -33% | -27% | $294,075,798 |
| KTA | Krakatoa Resources | 0.065 | -4% | -6% | -13% | -61% | $4,721,072 |
| CTN | Catalina Resources | 0.021 | -5% | -16% | 5% | -9% | $3,715,461 |
| PGM | Platina Resources | 0.31 | -5% | 24% | -22% | -22% | $11,840,426 |
| ETM | Energy Transition | 0.515 | -5% | -12% | -50% | -67% | $33,809,008 |
| E25 | Element 25 Ltd | 0.1525 | -5% | -10% | -57% | -13% | $62,675,034 |
| MEK | Meeka Metals Limited | 0.04 | -5% | -7% | -30% | -46% | $161,843,779 |
| CDT | Castle Minerals | 0.06 | -5% | -9% | -50% | -57% | $3,345,628 |
| AX8 | Accelerate Resources | 0.039 | -5% | -15% | -22% | -77% | $6,217,539 |
| AZI | Altamin Limited | 0.078 | -5% | -22% | -40% | -3% | $14,747,386 |
| AAJ | Aruma Resources Ltd | 0.019 | -5% | -10% | -24% | -34% | $3,552,931 |
| INF | Infinity Lithium | 0.074 | -5% | -30% | -3% | -56% | $15,265,539 |
| VRC | Volt Resources Ltd | 1.38 | -5% | -19% | -20% | -10% | $14,555,373 |
| A8G | Australasian Metals | 0.017 | -6% | -11% | -32% | -69% | $3,856,917 |
| WML | Woomera Mining Ltd | 0.125 | -6% | -7% | 0% | 36% | $4,333,180 |
| GED | Golden Deeps | 4.91 | -6% | -8% | -39% | -45% | $4,091,103 |
| LYC | Lynas Rare Earths | 0.048 | -6% | -47% | -68% | -72% | $6,524,332,931 |
| EVR | Ev Resources Ltd | 0.008 | -6% | -6% | -27% | -65% | $4,188,814 |
| GLN | Galan Lithium Ltd | 0.385 | -6% | -13% | -39% | -19% | $109,364,101 |
| QEM | QEM Limited | 0.046 | -6% | -6% | -26% | -56% | $6,870,013 |
| CRR | Critical Resources | 0.1875 | -6% | 1% | -28% | -9% | $15,807,761 |
| OCN | Oceanalithiumlimited | 0.75 | -6% | -4% | -13% | 2% | $2,144,948 |
| PMT | Patriotbatterymetals | 0.29 | -6% | -9% | 21% | -19% | $162,263,384 |
| LOT | Lotus Resources Ltd | 0.098 | -7% | -7% | -37% | -73% | $504,293,460 |
| AS2 | Askarimetalslimited | 0.028 | -7% | -28% | -53% | -69% | $1,748,792 |
| RGL | Riversgold | 0.014 | -7% | -13% | -30% | -74% | $4,882,388 |
| SRI | Sipa Resources Ltd | 0.125 | -7% | -4% | -19% | -52% | $3,194,214 |
| BHP | BHP Group Limited | 0.125 | -7% | -17% | -55% | -55% | $203,361,959,615 |
| KOR | Korab Resources | 0.025 | -7% | -29% | -60% | -62% | $2,936,400 |
| CLA | Celsius Resource Ltd | 0.425 | -8% | -1% | -10% | 47% | $25,710,245 |
| RLC | Reedy Lagoon Corp. | 0.024 | -8% | -8% | -29% | -37% | $1,523,413 |
| MOH | Moho Resources | 0.012 | -8% | 0% | -27% | -45% | $3,369,864 |
| MQR | Marquee Resource Ltd | 0.024 | -8% | 4% | 14% | -33% | $5,829,381 |
| LTM | Arcadium Lithium PLC | 0.12 | -8% | -29% | -71% | 0% | $2,311,277,151 |
| S2R | S2 Resources | 0.07 | -8% | 25% | -14% | -33% | $33,058,633 |
| TLG | Talga Group Ltd | 0.022 | -8% | -12% | 16% | 144% | $188,759,824 |
| GCM | Green Critical Min | 0.011 | -8% | -27% | -48% | -79% | $12,399,096 |
| EMT | Emetals Limited | 0.011 | -8% | 0% | -21% | -60% | $4,250,000 |
| DRE | Dreadnought Resources Ltd | 0.011 | -8% | 0% | -21% | -60% | $56,291,250 |
| TAR | Taruga Minerals | 0.016 | -9% | -30% | 0% | 45% | $7,060,268 |
| SYR | Syrah Resources | 0.265 | -9% | -27% | -55% | -62% | $243,199,565 |
| MRC | Mineral Commodities | 0.0105 | -9% | -25% | -25% | -65% | $25,596,288 |
| KAI | Kairos Minerals Ltd | 0.063 | -9% | -30% | -37% | -84% | $39,463,683 |
| ESR | Estrella Res Ltd | 6.915 | -9% | -10% | -2% | 3% | $30,416,617 |
| QXR | Qx Resources Limited | 0.02 | -9% | -5% | -52% | -43% | $5,120,311 |
| FGR | First Graphene Ltd | 0.01 | -9% | -17% | 0% | -17% | $22,104,278 |
| WIN | WIN Metals | 0.02 | -9% | -35% | -43% | -59% | $9,558,293 |
| WMG | Western Mines | 0.02 | -9% | -57% | -51% | -87% | $14,901,438 |
| IDA | Indiana Resources | 0.01 | -9% | -17% | -57% | 0% | $66,766,484 |
| ABX | ABX Group Limited | 0.01 | -9% | 0% | 11% | 0% | $10,001,613 |
| A11 | Atlantic Lithium | 0.2 | -9% | -17% | -39% | -58% | $145,004,515 |
| DEV | Devex Resources Ltd | 0.047 | -10% | -40% | -30% | -71% | $46,377,520 |
| CTM | Centaurus Metals Ltd | 0.795 | -10% | -4% | -47% | -46% | $218,548,534 |
| PVT | Pivotal Metals Ltd | 0.028 | -10% | -38% | -53% | -33% | $8,307,521 |
| CY5 | Cygnus Metals Ltd | 0.185 | -10% | 16% | -14% | -27% | $57,016,353 |
| THR | Thor Energy PLC | 0.009 | -10% | -18% | -40% | -74% | $3,382,069 |
| SLM | Solismineralsltd | 0.026 | -10% | -32% | -28% | -78% | $6,729,697 |
| BUX | Buxton Resources Ltd | 0.255 | -11% | -14% | -9% | -66% | $11,897,066 |
| HAS | Hastings Tech Met | 2.77 | -11% | 4% | -34% | -22% | $46,110,664 |
| XTC | XTC Lithium Limited | 1.95 | -11% | -24% | -21% | -35% | $17,528,272 |
| FG1 | Flynngold | 0.016 | -11% | -24% | -58% | -60% | $7,839,494 |
| ASR | Asra Minerals Ltd | 0.16 | -11% | 19% | 23% | -22% | $6,756,339 |
| MNS | Magnis Energy Tech | 0.46 | -12% | 15% | -42% | -58% | $50,378,922 |
| PSC | Prospect Res Ltd | 0.03 | -12% | -14% | -49% | -75% | $53,742,033 |
| HXG | Hexagon Energy | 0.033 | -12% | -20% | -44% | -50% | $11,284,150 |
| ICL | Iceni Gold | 0.051 | -12% | -36% | -73% | -72% | $15,812,075 |
| AQD | Ausquest Limited | 0.043 | -12% | -25% | -46% | -70% | $8,439,478 |
| CMO | Cosmometalslimited | 0.092 | -12% | -26% | -60% | -86% | $2,488,865 |
| NTU | Northern Min Ltd | 0.014 | -13% | -18% | -18% | -33% | $160,685,107 |
| RBX | Resource B | 0.007 | -13% | -30% | -63% | -22% | $3,718,241 |
| KOB | Kobaresourceslimited | 0.007 | -13% | 56% | 100% | -22% | $12,209,244 |
| EUR | European Lithium Ltd | 0.17 | -13% | 0% | -28% | -60% | $36,351,189 |
| ARR | American Rare Earths | 0.054 | -13% | -17% | -46% | -72% | $138,166,407 |
| LPD | Lepidico Ltd | 0.071 | -13% | -21% | -24% | -75% | $17,178,371 |
| INR | Ioneer Ltd | 0.1 | -13% | -33% | -74% | -60% | $494,691,228 |
| REC | Rechargemetals | 0.1 | -13% | 3% | -47% | -56% | $3,631,939 |
| RAS | Ragusa Minerals Ltd | 0.13 | -13% | -24% | -55% | -54% | $1,996,383 |
| BOA | Boadicea Resources | 0.0095 | -14% | 6% | -53% | -44% | $2,960,468 |
| NWM | Norwest Minerals | 0.067 | -14% | -21% | 29% | 168% | $8,732,151 |
| 1MC | Morella Corporation | 0.006 | -14% | 0% | -25% | 0% | $8,789,569 |
| ENV | Enova Mining Limited | 0.006 | -14% | 140% | 71% | -25% | $6,894,505 |
| LNR | Lanthanein Resources | 0.076 | -15% | -42% | 60% | -20% | $8,552,726 |
| RXL | Rox Resources | 0.011 | -15% | -21% | 22% | -27% | $66,388,190 |
| LRV | Larvottoresources | 0.016 | -16% | -48% | -65% | -89% | $184,229,256 |
| LPM | Lithium Plus | 0.063 | -16% | 3% | -48% | -67% | $15,940,800 |
| LTR | Liontown Resources | 0.0025 | -17% | -17% | -55% | -69% | $1,953,140,084 |
| GSM | Golden State Mining | 0.03 | -17% | 0% | 11% | -57% | $2,793,706 |
| TEM | Tempest Minerals | 0.025 | -17% | -22% | -67% | -80% | $3,763,619 |
| PNT | Panthermetalsltd | 0.005 | -17% | 25% | -17% | -38% | $4,942,321 |
| LNR | Lanthanein Resources | 0.01 | -17% | -17% | -52% | -71% | $8,552,726 |
| L1M | Lightning Minerals | 0.05 | -17% | 2% | 19% | -86% | $7,846,527 |
| KGD | Kula Gold Limited | 0.048 | -19% | -6% | -41% | -51% | $4,180,877 |
| BYH | Bryah Resources Ltd | 0.017 | -19% | -47% | -68% | -91% | $1,509,861 |
| LIN | Lindian Resources | 0.029 | -19% | -19% | -24% | -68% | $118,174,529 |
| LKE | Lake Resources | 0.004 | -20% | -20% | -60% | -80% | $81,644,922 |
| SCN | Scorpion Minerals | 0.004 | -20% | 0% | 0% | 0% | $4,913,474 |
| 1AE | Auroraenergymetals | 0.028 | -20% | -32% | -57% | -78% | $10,922,888 |
| SMX | Strata Minerals | 0.007 | -22% | 0% | -30% | -56% | $4,579,564 |
| KM1 | Kalimetalslimited | 0.021 | -22% | -22% | -56% | -66% | $9,219,315 |
| GRL | Godolphin Resources | 0.017 | -23% | -25% | -68% | -72% | $4,743,168 |
| DTM | Dart Mining NL | 0.003 | -25% | -40% | -67% | -85% | $5,661,945 |
| VUL | Vulcan Energy | 0.31 | -25% | 29% | -44% | -71% | $1,170,532,912 |
| ASO | Aston Minerals Ltd | 0.275 | -26% | -24% | -50% | -67% | $11,655,578 |
| PAT | Patriot Lithium | 0.26 | -28% | -37% | -74% | -75% | $5,070,543 |
| ODE | Odessa Minerals Ltd | 0.1 | -29% | -38% | 0% | -78% | $7,609,695 |
| SRL | Sunrise | 0.0035 | -30% | -30% | -61% | -61% | $21,654,600 |
| PRL | Province Resources | 0.001 | -33% | 0% | -50% | -68% | $48,441,219 |
| QPM | Queensland Pacific | 0.002 | -33% | -33% | -60% | -80% | $113,453,049 |
| MHK | Metalhawk. | 0.001 | -33% | 0% | -52% | -70% | $27,180,901 |
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Weekly Small Cap Standouts
The explorer has released more results from drilling at the Luni niobium deposit at its West Arunta project in WA, with assays to be added to a resource update next year.
Luni currently hosts an inferred resource estimate of 200 Mt at 1.0% Nb2O5, including a high grade subset of 53 Mt at 2.1% Nb2O5.
These latest results include:
- 19m at 2.4% Nb2O5
- 25m at 4.4% Nb2O5
- 21m at 2.1% Nb2O5
- 2m at 2% Nb2O5; and
- 34m at 1.5% Nb2O5.
MD Paul Savich says the results from the north-east zone of the deposit further demonstrate the significance of one of the key high-grade areas at Luni.
“This zone is currently planned to support our early development ambitions and will be an important part of the updated mineral resource estimate targeted for the first half of 2025,” he said.
“Planning is well-advanced for next year’s field activities which will continue to focus on the collection of data that is critical toward technically de-risking Luni and expediting the permitting process.”
The discovery saw the company awarded the coveted prize of the AMEC Prospector Award at a ceremony in early November.
The company’s Wingellina nickel cobalt project has this week been awarded Major Project Status by the Australian Government.
It’s a move which recognises the national significance of the project and provides access to the Major Projects Facilitation Agency which will assist in the development of Wingellina.
Wingellina hosts one of the world’s largest undeveloped oxide-type nickel-cobalt reserves, containing containing 1.56 million tonnes of nickel metal and 123k tonnes of cobalt metal.
It’s also around 100kms from BHP’s West Musgrave nickel-copper project.
A prefeasibility study completed in 2022 outlined a viable project capable of producing up to 40,000t of nickel and 3,000t of cobalt in a Mixed Hydroxide Precipitate (MHP) for at least 42 years.
The MHP product contains essential critical minerals used in batteries and energy storage systems required for the global energy transition.
The company expects production from the project to meet critical mineral demand for global decarbonization efforts.
“Wingellina is one of the largest undeveloped nickel-cobalt projects globally and one of very few development opportunities for a major new nickel development outside of the Chinese-dominated Indonesian nickel industry,” MD Jonathan Shellabear said.
“The industry has undergone a major structural shift in recent times and experienced significant changes in supply dynamics and pricing.
“Notwithstanding the temporary challenges in the sector, if operating in the current environment, the Wingellina project would have survived the carnage that has enveloped much of the Western world’s nickel supply.
“It is a matter of time before such a substantial deposit like Wingellina provides a long term stable and secure supply of nickel and cobalt.”
The company has abandoned the re-entry program at its southwest Arkansas lithium brine project in the US, after the collection of a brine sample via the re-entering of saltwater disposal well proved to be problematic.
It was a cost-saving measure that didn’t quite work out to plan, so the drilling of the planned standalone well will now be brought forward to early 2025 to collect samples for assaying and direct lithium extraction testing.
The well will then be converted into a future production or disposal well.
PFE says this result in no way diminishes the value of the Pantera lithium brine project and in the meantime will continue to amass land in the Smackover formation, a hot spot for US lithium hunters such as Exxon Mobil (NYSE: XOM), Standard Lithium (NYSE: SLI), Equinor (NYSE: EQNR) Tetra Technologies’ (NYSE: TTI) and Albemarle Corporation (NYSE: ALB) chasing economic brine production from old infrastructure in the area which was historically mined for bromine.
PFE currently holds > 26,000 net acres and 34,900 gross surface acres in the region.
The post High Voltage: Corporate activity revives weak ASX lithium market appeared first on Stockhead.
