- WA government supports struggling lithium miners amid price flop
- Support package includes waiving downstream processing fees
- Port and tenement fees also waived for miners in ramp up phase
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.
The Western Australian state government has thrown a lifeline to the State’s ailing lithium producers in the form of a $150 million support package to protect local jobs and ensure WA remains a battery metals powerhouse.
It comes as lithium spot prices have fallen to around US$800 per tonne, from highs of over US$8000 several years ago.
Roger Cook’s government will provide support to lithium miners in the ramp-up phase of production and downstream processing facilities for up to 24 months, after which lithium prices are expected to recover to an economically sustainable level.
For processors, Government Trading Enterprises (GTEs) including DevelopmentWA, Synergy and the Water Corporation will temporarily waive government fees to support the continuation of downstream processing of lithium, for up to 2 years, to a total value of $90 million.
That comes amid ramp up concerns and blowouts at plants in WA’s south owned by lithium giants like Tianqi, IGO and Albemarle.
For miners in the ramp-up phase, port charges and mining tenement fees will be waived for up to 24 months, to the value of $9.37 million.
Plus, a $50 million loan facility will also be available to help lithium miners access temporary interest-free loans to help sustain their operations, based on demonstrating their current financial position and operational plan.
That interest-free period will cease after average lithium spodumene prices have exceeded US$1100 per tonne for two successive quarters, or by June 30, 2026.
Mine and plant suspensions cost jobs
WA supplies around 45% of the world’s lithium raw materials and in the 2023-24 financial year lithium miners generated $8.4 billion in sales and delivered $710 million in State royalties to help pay for the operation of hospitals and schools, and build and maintain the State’s road networks.
But the unexpected price plunge this year has resulted in mine shuts and job losses.
Since the start of this year we’ve seen Core Lithium (ASX:CXO) close its Finniss mine in the Northern Territory, Pilbara Minerals (ASX:PLS) announcing it would place its secondary Ngungaju plant at Pilgangoora on care and maintenance, Arcadium Lithium (ASX:LTM) planning to close its Mt Cattlin mine in 2025, and Mineral Resources (ASX:MIN) announcing a shut down of its Bald Hill mine, only acquired last year from the administrators of collapsed Alita Resources, placing 300 jobs on the line.
Earlier this month, Greenbushes part-owner Albemarle announced plans to chop 6-7% of its global workforce, which comes after the company suspended work to construct two additional 25,000tpa lithium hydroxide trains at a plant near Bunbury in WA’s South West.
Overall, the sector employed around 11,000 people last financial year.
“This package will provide important temporary and responsible support for WA’s fledgling lithium industry, taking into account the extremely challenging market conditions it is facing,” he said.
“This package is aimed at helping our critical lithium industry and its workforce to the other side of this turbulent period – supporting local jobs and doing what’s right for WA.”
Keeping WA’s skin in the game
The Chamber of Minerals and Energy WA CEO Rebecca Tomkinson welcomed the relief package, stating it was now clear lithium prices were likely to be lower for longer but that the long-term prospects of the commodity remained strong.
“Falling lithium prices have forced a growing number of lithium operations to suspend or cease operations over the past 18 months,” she said.
“However, we know lithium remains a key commodity for the global energy transition and WA is well-placed to play a major role both mining and processing the crucial battery input.
“CME has long advocated for state government assistance to help lithium facilities through this difficult period and ensure they are well placed to quickly ramp up production when commodity prices improve.
“Today’s announcement is welcome recognition of the commercial reality facing key players in WA’s resources sector.”
Tomkinson said lithium was critical to global decarbonisation goals and WA had world-class supply.
“It’s important for governments to act when necessary to support the sector through periods of temporary market weakness and keep WA’s skin in the game for when the market recovers,” she said.
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 |
|---|---|---|---|---|---|---|---|
| XTC | XTC Lithium Limited | 0.2 | 19900% | 19900% | 19900% | 0% | $17,528,272 |
| MHC | Manhattan Corp Ltd | 0.002 | 100% | 0% | 20% | -40% | $8,995,940 |
| TKL | Traka Resources | 0.0015 | 50% | 50% | -25% | -52% | $2,918,488 |
| PTR | Petratherm Ltd | 0.165 | 43% | 200% | 617% | 230% | $47,039,757 |
| HRE | Heavy Rare Earths | 0.041 | 41% | 5% | 17% | -52% | $3,455,281 |
| AQD | Ausquest Limited | 0.011 | 38% | 38% | -13% | 3% | $11,604,282 |
| BYH | Bryah Resources Ltd | 0.004 | 33% | -20% | -50% | -71% | $2,013,147 |
| SRN | Surefire Rescs NL | 0.004 | 33% | -33% | -56% | -58% | $7,945,231 |
| HAS | Hastings Tech Met | 0.33 | 29% | 16% | 32% | -52% | $50,631,318 |
| BC8 | Black Cat Syndicate | 0.72 | 26% | 13% | 125% | 194% | $393,060,542 |
| AKN | Auking Mining Ltd | 0.005 | 25% | 0% | -76% | -92% | $1,956,751 |
| AXN | Alliance Nickel Ltd | 0.046 | 24% | 15% | 5% | -21% | $33,388,622 |
| DEV | Devex Resources Ltd | 0.13 | 24% | -7% | -69% | -50% | $57,419,787 |
| KNI | Kunikolimited | 0.225 | 22% | 41% | 7% | -12% | $19,956,932 |
| SUM | Summitminerals | 0.2 | 21% | 8% | 0% | 74% | $16,833,958 |
| M24 | Mamba Exploration | 0.012 | 20% | -14% | -40% | -63% | $2,256,987 |
| LMG | Latrobe Magnesium | 0.027 | 17% | -4% | -52% | -52% | $63,410,509 |
| RBX | Resource B | 0.042 | 17% | 20% | 40% | -51% | $4,337,948 |
| RGL | Riversgold | 0.0035 | 17% | 0% | -53% | -75% | $5,696,119 |
| ODE | Odessa Minerals Ltd | 0.007 | 17% | 17% | 133% | -22% | $8,877,978 |
| EUR | European Lithium Ltd | 0.03 | 15% | -19% | -40% | -63% | $41,943,679 |
| PGD | Peregrine Gold | 0.15 | 15% | -12% | -48% | -52% | $9,842,371 |
| VUL | Vulcan Energy | 7.16 | 15% | 57% | 49% | 205% | $1,392,595,425 |
| NVA | Nova Minerals Ltd | 0.235 | 15% | -13% | -2% | -6% | $68,682,338 |
| PEK | Peak Rare Earths Ltd | 0.12 | 14% | -33% | -50% | -68% | $36,767,431 |
| PEK | Peak Rare Earths Ltd | 0.12 | 14% | -33% | -50% | -68% | $36,767,431 |
| QEM | QEM Limited | 0.041 | 14% | -27% | -71% | -77% | $7,824,181 |
| KAI | Kairos Minerals Ltd | 0.017 | 13% | 0% | 55% | 10% | $44,725,507 |
| POS | Poseidon Nick Ltd | 0.0045 | 13% | -10% | -18% | -71% | $16,815,502 |
| WMG | Western Mines | 0.195 | 11% | -5% | -55% | -19% | $16,604,460 |
| QXR | Qx Resources Limited | 0.005 | 11% | -17% | -58% | -83% | $5,760,350 |
| ASO | Aston Minerals Ltd | 0.01 | 11% | 0% | -41% | -68% | $12,950,643 |
| CNB | Carnaby Resource Ltd | 0.41 | 11% | -2% | -47% | -33% | $61,897,409 |
| AUZ | Australian Mines Ltd | 0.011 | 10% | -15% | 10% | -21% | $15,383,633 |
| RMX | Red Mount Min Ltd | 0.011 | 10% | 38% | -27% | -64% | $3,873,578 |
| WA1 | Wa1Resourcesltd | 15.92 | 10% | 11% | -22% | 94% | $1,086,838,205 |
| VTM | Victory Metals Ltd | 0.405 | 9% | 13% | 50% | 72% | $43,943,599 |
| IPX | Iperionx Limited | 4.41 | 9% | 37% | 101% | 227% | $1,339,477,089 |
| CAE | Cannindah Resources | 0.048 | 9% | 14% | -11% | -54% | $32,341,678 |
| TLG | Talga Group Ltd | 0.48 | 9% | 20% | -33% | -51% | $206,024,284 |
| ARN | Aldoro Resources | 0.092 | 8% | 12% | 21% | 10% | $10,769,899 |
| GL1 | Globallith | 0.205 | 8% | -11% | -47% | -84% | $52,117,577 |
| BNR | Bulletin Res Ltd | 0.042 | 8% | -7% | -18% | -74% | $12,038,146 |
| TMB | Tambourahmetals | 0.028 | 8% | -20% | -62% | -79% | $3,096,521 |
| FTL | Firetail Resources | 0.081 | 7% | -30% | 74% | -5% | $26,831,086 |
| PSC | Prospect Res Ltd | 0.1 | 6% | 32% | -49% | 1% | $57,172,375 |
| NWM | Norwest Minerals | 0.019 | 6% | -5% | -49% | -39% | $9,217,271 |
| A8G | Australasian Metals | 0.078 | 5% | -29% | -26% | -55% | $4,065,399 |
| CMO | Cosmometalslimited | 0.02 | 5% | 0% | -52% | -56% | $2,619,857 |
| ATM | Aneka Tambang | 0.905 | 5% | 0% | -16% | -23% | $1,121,138 |
| REE | Rarex Limited | 0.0105 | 5% | -13% | -48% | -68% | $8,408,881 |
| RAG | Ragnar Metals Ltd | 0.021 | 5% | -9% | 31% | -9% | $9,953,706 |
| WIN | WIN Metals | 0.021 | 5% | -52% | -42% | -83% | $10,958,307 |
| ANX | Anax Metals Ltd | 0.011 | 5% | -8% | -75% | -61% | $9,585,784 |
| MHK | Metalhawk. | 0.2825 | 5% | 66% | 371% | 49% | $33,014,476 |
| HXG | Hexagon Energy | 0.023 | 5% | 0% | 28% | 156% | $11,797,066 |
| MEK | Meeka Metals Limited | 0.071 | 4% | -11% | 87% | 97% | $161,843,779 |
| MAN | Mandrake Res Ltd | 0.025 | 4% | -4% | -26% | -39% | $15,681,498 |
| ADV | Ardiden Ltd | 0.13 | 4% | -4% | -13% | -41% | $8,127,276 |
| AVL | Aust Vanadium Ltd | 0.014 | 4% | -13% | -13% | -39% | $112,250,555 |
| EV1 | Evolutionenergy | 0.029 | 4% | -26% | -55% | -81% | $10,456,447 |
| EMH | European Metals Hldg | 0.15 | 3% | -19% | -62% | -75% | $31,116,706 |
| SLM | Solismineralsltd | 0.09 | 3% | -7% | -18% | -45% | $7,348,519 |
| EGR | Ecograf Limited | 0.0805 | 3% | 1% | -46% | -53% | $34,968,150 |
| ITM | Itech Minerals Ltd | 0.069 | 3% | -7% | -10% | -51% | $11,780,742 |
| DVP | Develop Global Ltd | 2 | 3% | -18% | -13% | -33% | $533,687,954 |
| DYM | Dynamicmetalslimited | 0.205 | 3% | 5% | 21% | 28% | $7,380,000 |
| AXE | Archer Materials | 0.3175 | 2% | 44% | -27% | -22% | $76,454,104 |
| A11 | Atlantic Lithium | 0.225 | 2% | -12% | -49% | -56% | $151,595,629 |
| ILU | Iluka Resources | 5.61 | 2% | -4% | -23% | -18% | $2,376,783,809 |
| SRL | Sunrise | 0.245 | 2% | -36% | -57% | -59% | $21,654,600 |
| ARR | American Rare Earths | 0.28 | 2% | 4% | 0% | 75% | $140,678,524 |
| LTM | Arcadium Lithium PLC | 8.02 | 2% | -3% | 14% | 0% | $2,355,217,781 |
| MTM | MTM Critical Metals | 0.068 | 1% | -31% | 45% | 162% | $23,660,777 |
| S32 | South32 Limited | 3.75 | 1% | 1% | -3% | 21% | $17,048,052,821 |
| STK | Strickland Metals | 0.081 | 1% | 16% | -26% | -54% | $178,800,594 |
| PAM | Pan Asia Metals | 0.063 | 0% | -2% | -61% | -57% | $12,746,410 |
| LOT | Lotus Resources Ltd | 0.24 | 0% | -9% | -47% | -14% | $495,917,386 |
| RIL | Redivium Limited | 0.004 | 0% | 0% | 33% | -50% | $10,987,419 |
| LPD | Lepidico Ltd | 0.002 | 0% | 0% | -33% | -74% | $12,883,778 |
| MRD | Mount Ridley Mines | 0.001 | 0% | 0% | 0% | -50% | $7,784,883 |
| RLC | Reedy Lagoon Corp. | 0.002 | 0% | -33% | -33% | -71% | $1,523,413 |
| GBR | Greatbould Resources | 0.042 | 0% | -21% | -29% | -25% | $31,873,304 |
| CLA | Celsius Resource Ltd | 0.01 | 0% | -9% | 0% | -17% | $26,995,757 |
| MNS | Magnis Energy Tech | 0.042 | 0% | 0% | 0% | -22% | $50,378,922 |
| ESR | Estrella Res Ltd | 0.016 | 0% | 14% | 256% | 220% | $30,416,617 |
| SBR | Sabre Resources | 0.011 | 0% | -15% | -39% | -71% | $4,322,581 |
| VRC | Volt Resources Ltd | 0.0035 | 0% | -13% | -30% | -42% | $12,476,034 |
| NTU | Northern Min Ltd | 0.02 | 0% | 0% | -44% | -43% | $181,181,852 |
| PGM | Platina Resources | 0.019 | 0% | -24% | -21% | -24% | $11,840,426 |
| SGQ | St George Min Ltd | 0.025 | 0% | 0% | 39% | -24% | $27,213,511 |
| PRL | Province Resources | 0.041 | 0% | 0% | 0% | 0% | $48,441,219 |
| ADD | Adavale Resource Ltd | 0.0025 | 0% | -17% | -50% | -69% | $3,059,413 |
| RXL | Rox Resources | 0.16 | 0% | -16% | -6% | -5% | $69,849,274 |
| ALY | Alchemy Resource Ltd | 0.007 | 0% | -13% | 0% | -30% | $8,246,534 |
| LEL | Lithenergy | 0.37 | 0% | 0% | -9% | -32% | $41,440,581 |
| LML | Lincoln Minerals | 0.006 | 0% | 0% | -25% | -14% | $12,337,557 |
| 1MC | Morella Corporation | 0.029 | 0% | -3% | -42% | -81% | $8,789,569 |
| MRC | Mineral Commodities | 0.026 | 0% | 0% | 0% | -13% | $25,596,288 |
| PUR | Pursuit Minerals | 0.0025 | 0% | -17% | -38% | -74% | $9,088,500 |
| LEG | Legend Mining | 0.011 | 0% | -15% | -31% | -42% | $32,004,249 |
| MOH | Moho Resources | 0.005 | 0% | -17% | 25% | -50% | $3,369,864 |
| AML | Aeon Metals Ltd. | 0.005 | 0% | 0% | -55% | -55% | $5,482,003 |
| WKT | Walkabout Resources | 0.095 | 0% | -2% | -24% | -32% | $63,769,838 |
| AR3 | Austrare | 0.105 | 0% | 5% | -9% | -34% | $15,863,666 |
| VMC | Venus Metals Cor Ltd | 0.07 | 0% | 13% | -26% | -30% | $13,729,008 |
| CNJ | Conico Ltd | 0.001 | 0% | 0% | 0% | -80% | $2,201,528 |
| SLZ | Sultan Resources Ltd | 0.007 | 0% | -42% | -36% | -56% | $1,620,289 |
| MLS | Metals Australia | 0.025 | 0% | 19% | 14% | -29% | $18,180,488 |
| MQR | Marquee Resource Ltd | 0.014 | 0% | -13% | 8% | -53% | $5,412,997 |
| MRR | Minrex Resources Ltd | 0.008 | 0% | 0% | -20% | -58% | $8,678,940 |
| EVR | Ev Resources Ltd | 0.003 | 0% | -18% | -64% | -69% | $4,188,814 |
| DTM | Dart Mining NL | 0.011 | 0% | -15% | -52% | -25% | $5,661,945 |
| LSR | Lodestar Minerals | 0.001 | 0% | 0% | -38% | -69% | $3,372,329 |
| CTN | Catalina Resources | 0.003 | 0% | -14% | 0% | 0% | $3,715,461 |
| EMC | Everest Metals Corp | 0.125 | 0% | -7% | -11% | 34% | $23,285,389 |
| WML | Woomera Mining Ltd | 0.002 | 0% | 0% | -50% | -91% | $4,333,180 |
| KZR | Kalamazoo Resources | 0.085 | 0% | -10% | -19% | -32% | $16,905,549 |
| KOR | Korab Resources | 0.008 | 0% | 0% | 60% | -56% | $2,936,400 |
| OMH | OM Holdings Limited | 0.34 | 0% | -12% | -30% | -27% | $260,527,312 |
| EMN | Euromanganese | 0.048 | 0% | -30% | -38% | -52% | $9,352,288 |
| CRR | Critical Resources | 0.006 | 0% | -25% | -50% | -77% | $14,591,779 |
| ENT | Enterprise Metals | 0.004 | 0% | 0% | -20% | 33% | $4,713,269 |
| EMT | Emetals Limited | 0.005 | 0% | 25% | 0% | -38% | $4,250,000 |
| AVW | Avira Resources Ltd | 0.001 | 0% | 0% | 0% | -33% | $2,938,790 |
| CAI | Calidus Resources | 0.115 | 0% | 0% | -12% | -34% | $93,678,206 |
| SRZ | Stellar Resources | 0.018 | 0% | 0% | -18% | 100% | $39,515,261 |
| THR | Thor Energy PLC | 0.014 | 0% | -7% | -22% | -53% | $3,382,069 |
| AZI | Altamin Limited | 0.028 | 0% | -4% | -21% | -42% | $16,086,081 |
| CLZ | Classic Min Ltd | 0.001 | 0% | 0% | -80% | -98% | $1,544,026 |
| OCN | Oceanalithiumlimited | 0.026 | 0% | -11% | -33% | -78% | $2,144,948 |
| ETM | Energy Transition | 0.024 | 0% | 9% | -27% | -38% | $33,809,008 |
| IDA | Indiana Resources | 0.105 | 0% | 8% | 38% | 76% | $66,766,484 |
| M2R | Miramar | 0.005 | 0% | -29% | -52% | -72% | $1,984,116 |
| WCN | White Cliff Min Ltd | 0.015 | 0% | -32% | -3% | 25% | $30,247,532 |
| TAR | Taruga Minerals | 0.01 | 0% | -17% | 25% | 0% | $7,060,268 |
| AOA | Ausmon Resorces | 0.002 | 0% | 0% | -20% | -33% | $2,117,999 |
| KTA | Krakatoa Resources | 0.01 | 0% | 11% | -41% | -80% | $4,721,072 |
| CDT | Castle Minerals | 0.002 | 0% | -33% | -60% | -80% | $3,345,628 |
| CY5 | Cygnus Metals Ltd | 0.12 | 0% | -17% | 60% | -14% | $57,057,241 |
| LLI | Loyal Lithium Ltd | 0.105 | 0% | -19% | -58% | -72% | $9,736,972 |
| PBL | Parabellumresources | 0.05 | 0% | 0% | 19% | -86% | $3,115,000 |
| OM1 | Omnia Metals Group | 0.078 | 0% | 0% | 0% | 0% | $4,550,568 |
| LLL | Leolithiumlimited | 0.505 | 0% | 0% | 0% | 0% | $605,458,342 |
| WSR | Westar Resources | 0.008 | 0% | 0% | -20% | -69% | $3,189,799 |
| REC | Rechargemetals | 0.026 | 0% | -40% | -33% | -76% | $3,631,939 |
| TMX | Terrain Minerals | 0.003 | 0% | 0% | -14% | -25% | $5,400,086 |
| LM1 | Leeuwin Metals Ltd | 0.073 | 0% | 0% | 4% | -68% | $3,420,172 |
| RON | Roninresourcesltd | 0.16 | 0% | 23% | 33% | -22% | $6,460,002 |
| ASR | Asra Minerals Ltd | 0.003 | 0% | -33% | -57% | -63% | $6,756,339 |
| PFE | Panteraminerals | 0.02 | 0% | -29% | -58% | -65% | $9,475,674 |
| KM1 | Kalimetalslimited | 0.12 | 0% | -27% | -70% | 0% | $8,835,177 |
| BHP | BHP Group Limited | 40.06 | 0% | -5% | -11% | -14% | $201,839,789,259 |
| CHN | Chalice Mining Ltd | 1.3875 | 0% | -28% | -20% | -6% | $540,747,235 |
| VHM | Vhmlimited | 0.385 | -1% | -11% | -17% | -41% | $62,664,909 |
| PLL | Piedmont Lithium Inc | 0.1825 | -1% | -1% | -15% | -57% | $74,263,086 |
| LYC | Lynas Rare Earths | 6.88 | -1% | -8% | 3% | 6% | $6,421,513,931 |
| CTM | Centaurus Metals Ltd | 0.4325 | -2% | -6% | -16% | -14% | $216,065,028 |
| ICL | Iceni Gold | 0.056 | -2% | 19% | -19% | -8% | $15,257,265 |
| BUX | Buxton Resources Ltd | 0.055 | -2% | -29% | -45% | -71% | $12,225,536 |
| IGO | IGO Limited | 4.87 | -2% | -8% | -33% | -42% | $3,687,894,249 |
| NIC | Nickel Industries | 0.8975 | -2% | -7% | -4% | 25% | $3,817,930,793 |
| BMM | Balkanminingandmin | 0.05 | -2% | -7% | -11% | -67% | $4,302,026 |
| INR | Ioneer Ltd | 0.205 | -2% | -25% | -7% | 37% | $494,691,228 |
| ZNC | Zenith Minerals Ltd | 0.041 | -2% | -18% | -41% | -74% | $16,591,209 |
| LIN | Lindian Resources | 0.1 | -2% | 4% | -13% | -41% | $112,986,379 |
| ABX | ABX Group Limited | 0.039 | -3% | -7% | -24% | -45% | $9,751,572 |
| KOB | Kobaresourceslimited | 0.075 | -3% | -35% | -50% | -5% | $11,892,121 |
| LTR | Liontown Resources | 0.7825 | -3% | -12% | -42% | -43% | $1,880,352,255 |
| RNU | Renascor Res Ltd | 0.066 | -3% | -10% | -40% | -51% | $165,218,929 |
| SYR | Syrah Resources | 0.2275 | -3% | -22% | -53% | -63% | $238,025,106 |
| SYR | Syrah Resources | 0.2275 | -3% | -22% | -53% | -63% | $238,025,106 |
| FG1 | Flynngold | 0.03 | -3% | 0% | -9% | -59% | $7,839,494 |
| BM8 | Battery Age Minerals | 0.09 | -3% | -10% | -47% | -60% | $8,447,254 |
| BCA | Black Canyon Limited | 0.058 | -3% | -12% | -52% | -59% | $5,067,445 |
| MIN | Mineral Resources. | 33.495 | -4% | -2% | -55% | -46% | $6,597,129,536 |
| E25 | Element 25 Ltd | 0.275 | -4% | -7% | 4% | -43% | $61,575,472 |
| MLX | Metals X Limited | 0.405 | -4% | -13% | -11% | 50% | $358,654,325 |
| BSX | Blackstone Ltd | 0.027 | -4% | -21% | -51% | -67% | $15,935,787 |
| GED | Golden Deeps | 0.026 | -4% | -16% | -38% | -51% | $3,939,581 |
| DLI | Delta Lithium | 0.1875 | -4% | -22% | -35% | -60% | $132,560,232 |
| ASL | Andean Silver | 0.985 | -4% | -32% | 28% | 338% | $155,206,017 |
| GAL | Galileo Mining Ltd | 0.12 | -4% | -23% | -54% | -59% | $23,714,991 |
| S2R | S2 Resources | 0.07 | -4% | -10% | -44% | -59% | $32,605,775 |
| LKE | Lake Resources | 0.045 | -4% | -32% | -27% | -70% | $78,170,670 |
| CWX | Carawine Resources | 0.11 | -4% | 13% | 10% | 0% | $25,973,799 |
| QPM | QPM Energy Limited | 0.043 | -4% | 8% | 13% | -19% | $108,410,691 |
| GW1 | Greenwing Resources | 0.041 | -5% | -36% | -38% | -64% | $9,866,711 |
| EG1 | Evergreenlithium | 0.081 | -5% | 7% | -10% | -54% | $4,554,630 |
| FBM | Future Battery | 0.02 | -5% | 5% | -51% | -74% | $13,307,119 |
| JMS | Jupiter Mines. | 0.1425 | -5% | -19% | -55% | -16% | $284,273,271 |
| LIT | Livium Ltd | 0.018 | -5% | -10% | -31% | -42% | $23,662,688 |
| PVT | Pivotal Metals Ltd | 0.009 | -5% | 13% | -55% | -55% | $8,165,033 |
| CMX | Chemxmaterials | 0.035 | -5% | -22% | -22% | -51% | $4,644,804 |
| COB | Cobalt Blue Ltd | 0.069 | -5% | -22% | -26% | -79% | $28,728,283 |
| NMT | Neometals Ltd | 0.085 | -6% | -11% | -26% | -62% | $66,939,982 |
| ASN | Anson Resources Ltd | 0.065 | -6% | -8% | -50% | -55% | $90,002,458 |
| PVW | PVW Res Ltd | 0.016 | -6% | -24% | -38% | -67% | $3,182,476 |
| KFM | Kingfisher Mining | 0.048 | -6% | -26% | -28% | -73% | $2,578,320 |
| L1M | Lightning Minerals | 0.077 | -6% | 35% | -6% | -50% | $7,272,391 |
| STM | Sunstone Metals Ltd | 0.007 | -7% | 0% | -46% | -56% | $36,049,325 |
| DRE | Dreadnought Resources Ltd | 0.014 | -7% | -13% | -18% | -56% | $56,291,250 |
| GRL | Godolphin Resources | 0.014 | -7% | -26% | -50% | -63% | $4,426,957 |
| ASM | Ausstratmaterials | 0.47 | -7% | -18% | -53% | -68% | $85,220,229 |
| CXO | Core Lithium | 0.092 | -7% | -16% | -34% | -72% | $197,157,430 |
| PNN | Power Minerals Ltd | 0.092 | -7% | -8% | -34% | -63% | $10,588,503 |
| SRI | Sipa Resources Ltd | 0.013 | -7% | -24% | -19% | -48% | $2,966,056 |
| TVN | Tivan Limited | 0.052 | -7% | 8% | 4% | -33% | $95,247,212 |
| VR8 | Vanadium Resources | 0.026 | -7% | -45% | -51% | -42% | $14,628,255 |
| ENV | Enova Mining Limited | 0.0065 | -7% | -19% | -69% | -28% | $6,402,041 |
| RAS | Ragusa Minerals Ltd | 0.013 | -7% | -13% | -32% | -70% | $1,853,784 |
| NVX | Novonix Limited | 0.715 | -7% | -11% | -9% | 3% | $372,792,059 |
| MEI | Meteoric Resources | 0.0925 | -8% | -12% | -50% | -56% | $211,481,432 |
| KGD | Kula Gold Limited | 0.006 | -8% | -14% | -40% | -82% | $3,859,272 |
| GCM | Green Critical Min | 0.006 | -8% | 140% | 100% | -40% | $11,445,320 |
| BUR | Burleyminerals | 0.06 | -8% | -34% | -57% | -61% | $9,172,628 |
| ARL | Ardea Resources Ltd | 0.35 | -8% | -19% | -43% | -23% | $69,889,020 |
| KNG | Kingsland Minerals | 0.17 | -8% | -6% | -19% | -38% | $12,335,355 |
| 1AE | Auroraenergymetals | 0.056 | -8% | 14% | -33% | -33% | $10,027,569 |
| LRV | Larvottoresources | 0.5 | -8% | -28% | 421% | 417% | $171,035,053 |
| IPT | Impact Minerals | 0.011 | -8% | -15% | -42% | 0% | $33,653,771 |
| JRV | Jervois Global Ltd | 0.011 | -8% | -15% | -31% | -74% | $32,433,165 |
| G88 | Golden Mile Res Ltd | 0.011 | -8% | -35% | -15% | -48% | $4,728,229 |
| BOA | Boadicea Resources | 0.022 | -8% | -8% | -8% | -46% | $2,713,763 |
| SCN | Scorpion Minerals | 0.011 | -8% | -27% | -48% | -77% | $4,504,018 |
| EVG | Evion Group NL | 0.031 | -9% | 11% | 24% | -9% | $10,755,859 |
| FGR | First Graphene Ltd | 0.03 | -9% | -36% | -46% | -56% | $18,759,706 |
| HAW | Hawthorn Resources | 0.048 | -9% | -17% | -31% | -48% | $16,080,749 |
| NWC | New World Resources | 0.019 | -10% | -5% | -53% | -53% | $56,805,634 |
| ARU | Arafura Rare Earths | 0.1175 | -10% | -24% | -41% | -41% | $295,719,443 |
| WR1 | Winsome Resources | 0.46 | -10% | -16% | -63% | -58% | $100,782,133 |
| AZL | Arizona Lithium Ltd | 0.0135 | -10% | -21% | -46% | -68% | $62,633,403 |
| AX8 | Accelerate Resources | 0.009 | -10% | 0% | -82% | -78% | $5,595,785 |
| CRI | Criticalim | 0.009 | -10% | -25% | -65% | -10% | $26,723,155 |
| LU7 | Lithium Universe Ltd | 0.009 | -10% | -43% | -50% | -76% | $6,801,347 |
| WC8 | Wildcat Resources | 0.2425 | -10% | -31% | -49% | -71% | $309,141,075 |
| PAT | Patriot Lithium | 0.044 | -10% | 5% | -47% | -79% | $4,553,140 |
| RVT | Richmond Vanadium | 0.26 | -10% | -17% | 8% | -16% | $22,414,030 |
| PMT | Patriotbatterymetals | 0.245 | -11% | -37% | -72% | -77% | $141,611,681 |
| AGY | Argosy Minerals Ltd | 0.032 | -11% | -14% | -75% | -82% | $46,589,470 |
| CHR | Charger Metals | 0.072 | -11% | -5% | -25% | -73% | $5,574,258 |
| WC1 | Westcobarmetals | 0.016 | -11% | -24% | -72% | -74% | $2,548,265 |
| GT1 | Greentechnology | 0.06 | -12% | -33% | -40% | -84% | $24,491,382 |
| INF | Infinity Lithium | 0.029 | -12% | -31% | -47% | -74% | $13,415,171 |
| GRE | Greentechmetals | 0.085 | -12% | -29% | -63% | -84% | $7,061,798 |
| AAJ | Aruma Resources Ltd | 0.014 | -13% | -18% | -33% | -56% | $3,108,814 |
| SMX | Strata Minerals | 0.021 | -13% | -19% | -5% | -63% | $4,007,119 |
| IMI | Infinitymining | 0.014 | -13% | -50% | -69% | -88% | $4,802,102 |
| FRB | Firebird Metals | 0.105 | -13% | -5% | -48% | -34% | $15,659,754 |
| LPM | Lithium Plus | 0.105 | -13% | -34% | 5% | -77% | $13,948,200 |
| BKT | Black Rock Mining | 0.04 | -13% | -17% | -37% | -60% | $46,325,798 |
| FRS | Forrestaniaresources | 0.013 | -13% | -7% | -32% | -57% | $2,827,818 |
| LNR | Lanthanein Resources | 0.003 | -14% | -25% | -33% | -57% | $7,330,908 |
| DM1 | Desert Metals | 0.024 | -14% | -31% | 4% | -38% | $4,777,662 |
| LNR | Lanthanein Resources | 0.003 | -14% | -25% | -33% | -57% | $7,330,908 |
| PNT | Panthermetalsltd | 0.017 | -15% | -54% | -49% | -57% | $4,236,275 |
| LRS | Latin Resources Ltd | 0.165 | -15% | -11% | -34% | -11% | $462,234,211 |
| VML | Vital Metals Limited | 0.0025 | -17% | 25% | -38% | -75% | $11,790,134 |
| TEM | Tempest Minerals | 0.005 | -17% | -17% | -48% | -35% | $3,136,349 |
| FIN | FIN Resources Ltd | 0.005 | -17% | -29% | -58% | -81% | $3,246,344 |
| PLS | Pilbara Min Ltd | 2.395 | -17% | -13% | -39% | -33% | $7,318,051,760 |
| TOR | Torque Met | 0.043 | -17% | -43% | -80% | -76% | $10,735,549 |
| AS2 | Askarimetalslimited | 0.014 | -18% | -53% | -75% | -93% | $2,149,015 |
| AM7 | Arcadia Minerals | 0.023 | -18% | -41% | -68% | -73% | $2,692,152 |
| SYA | Sayona Mining Ltd | 0.031 | -18% | -6% | -30% | -55% | $369,385,472 |
| EMS | Eastern Metals | 0.013 | -19% | -38% | -65% | -59% | $1,477,791 |
| GLN | Galan Lithium Ltd | 0.12 | -20% | -33% | -45% | -80% | $91,736,751 |
| GSM | Golden State Mining | 0.008 | -20% | -27% | -27% | -53% | $2,234,965 |
| LCY | Legacy Iron Ore | 0.01 | -20% | -20% | -26% | -35% | $97,620,426 |
| IG6 | Internationalgraphit | 0.052 | -21% | -9% | -53% | -71% | $10,065,033 |
| IXR | Ionic Rare Earths | 0.007 | -22% | -22% | -46% | -65% | $29,218,576 |
| EFEDA | Eastern Resources | 0.031 | -23% | -11% | -48% | -69% | $3,974,229 |
| NC1 | Nicoresourceslimited | 0.098 | -25% | -7% | -35% | -67% | $10,726,156 |
| YAR | Yari Minerals Ltd | 0.003 | -25% | 0% | -40% | -81% | $1,447,073 |
| TKM | Trek Metals Ltd | 0.02 | -26% | -31% | -55% | -57% | $10,277,457 |
| RR1 | Reach Resources Ltd | 0.008 | -27% | -27% | -43% | -65% | $6,995,451 |
| RR1 | Reach Resources Ltd | 0.008 | -27% | -27% | -43% | -65% | $6,995,451 |
| OD6 | Od6Metalsltd | 0.032 | -29% | 10% | -49% | -83% | $4,118,086 |
| TON | Triton Min Ltd | 0.007 | -30% | -30% | -42% | -70% | $12,547,110 |
| JLL | Jindalee Lithium Ltd | 0.23 | -31% | -2% | -59% | -75% | $16,926,125 |
| CZN | Corazon Ltd | 0.002 | -50% | -60% | -78% | -90% | $1,535,811 |
Weekly Small Cap Standouts
Hastings Technology Metals (ASX:HAS)
The company has signed a non-binding Memorandum of Understanding with the Ministry of Investment of Saudi Arabia (MISA) to create an integrated rare earths downstream processing supply chain in the country.
Hastings’ is one of nine parties selected for MISA’s Global Supply Chain Resilience Initiative (GSCRI) program totalling US$9 billion/A$14 billion.
The MOU Saudi Arabia has a “Vision 2030” plan to diversify their economy and reduce reliance on oil revenue with a focus on high tech industry, unlocking downstream opportunities, jobs and skill upgrading and research and development.
The company is looking to develop a Stage 2 of its Yangibana rare earths and niobium project in WA which is a hydrometallurgical plant. Stage 1 being the construction of a beneficiation plant in WA, which is now 33% complete.
Hastings is also investigating placing the hydrometallurgical plant in Estonia, having a MOU in place with the Estonian government, too.
MISA is offering to support the company to refresh its Bankable Feasibility Study (BFS) based on the location of the plant in Saudi Arabia, as well as identify suitable local partners for all stages of business establishment – which includes Saudi Industrial Development Fund (SIDF) which can lend up to 75% of the project cost.
The company has raised $1.19m via a placement at 15c to progress its Mulga Tank nickel sulphide play in WA.
Since the company discovered Mulga Tank last year, there have been three rounds of RC drilling and some diamond drilling conducted, with 21,704m sunk into the ground.
According to WMG, it’s looking more like BHP’s Perseverance orebody at Leinster than the bulky, disseminated Mt Keith – the early analogue on the first large, low-grade drill results in 2023 – with higher grades encountered in the central-eastern area of the complex.
Currently the company is targeting areas where it can find higher grade “starter pit” material, but is also looking for a larger sulphide deposit hidden beneath cover or Kambalda style komatiite channels suggested in very narrow drill intercepts.
The post High Voltage: WA state gov throws lithium miners $150m lifeline. Will it do the job? appeared first on Stockhead.
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