Western Australia’s government is re-energising its battery and critical minerals strategy and looking for feedback
Piedmont Lithium has turned in inaugural revenue and profit on lithium shipments
What’s hot, what’s not on the ASX for battery metals players?
Our High Voltage column wraps the news driving ASX stocks with exposure to lithium, graphite, cobalt, nickel, rare earths, manganese, magnesium, and vanadium.
Western Australia is updating its official Battery and Critical Mineral Strategy for 2024-2030 and has released a consultation paper seeking feedback from “stakeholders” – the mining and minerals exploration industry – to help inform the way forward.
These are critical years indeed for the burgeoning battery/critical minerals sector, with the global uptake of electric vehicles (EVs) anticipated to boom – despite slowing demand in the short term.
The state government’s purpose is to, of course, further grow WA’s battery and critical minerals industries, attract investors and maximise value from the sector. And it has a fair idea of how it wants to go about this – but preferably with some solid input from WA’s mining industry experts.
That said, the exploration side of the industry in WA has been doing a pretty good job of attracting investors far and wide on its own already this year.
In the paper, WA Energy Minister Bill Johnston notes: “Western Australia is a globally significant battery and critical minerals processing hub and it is important we do all we can to further capitalise on this incredible opportunity.
“A diversified battery industry is forecast to contribute nearly $17 billion in gross value added and over 61,000 jobs to the national economy by 2030. This is more than twice the value first estimated in 2021.
“Hearing from the industry is critical to ensuring we have the right strategy in place to continue to grow into the future.”
Midstream and downstream re-focus
Some of the state gov’s renewed thinking includes placing greater than previous emphasis on the midstream and downstream elements of the battery metals industry in resources-rich WA.
And, for the downstream element at least, this means potentially increasing the level of output when it comes to the processing stage of minerals, such as lithium and nickel, required for batteries.
“Domestic value-adding and manufacturing” is part of the newly energised strat. And “converting exploration activity into producing mines will be integral to WA’s ability to continue moving down the value chain,” reads the paper.
“WA has a long history of upstream activities, such as exploration and mining, with established midstream industries, including lithium hydroxide refining. These successes are creating opportunities to further develop WA’s fledgling downstream industries.”
Upstream and midstream is where most of the action lies in WA, but as AUManufacturing notes, the state has “achieved some success in supporting further minerals processing including of nickel and lithium used in batteries, especially around the Kwinana industrial area south of Perth.”
Per Australia’s broader Critical Minerals Strategy released in June:
“Despite Australia’s credentials, the country has only two operating downstream lithium processing plants:
“Tianqi and IGO’s Kwinana plant in Western Australia, which produced Australia’s first lithium hydroxide in May 2022 with a current production capacity of 24,000 tonnes per annum (tpa); and Albemarle and Mineral Resources’ Kemerton plant, which achieved first production in mid-2022 and which has a current production capacity of 50,000 tpa of lithium hydroxide.
“Comparatively, based on data from Benchmark Mineral Intelligence, China controls around 60% of the world’s lithium processing capacity, and up to 80% of global production of battery grade raw materials – despite hosting only 23% of all battery raw materials.”
PLL is producing and profiting
Piedmont Lithium (ASX:PLL) has released its Q3 2023 results, and they’re turning battery metal heads.
The company has hit a significant milestone, becoming a revenue-generating force after overseeing its initial customer shipments under an agreement with North American Lithium (NAL).
According to PLL ASX reporting, in the quarter, the company recorded:
• Revenue of US$47.1 million on sales of 29,011 dry metric tons (dmt) of lithium concentrate.
• Gross profit of US$23.8 million, reflecting a gross profit margin of 50.4%.
• Net income of US$22.9 million and adjusted net income of US$16.9 million.
• Diluted earnings per share of US$1.19 and adjusted diluted earnings per share of US$0.88.
• Adjusted EBITDA of US$16.2 million, reflecting an adjusted EBITDA margin of 34.3%.
• Cash and cash equivalents of US$94.5 million at September 30, 2023.
And it’s reportedly on track to deliver full-year shipment guidance of approximately 56,500 dmt of lithium concentrate.
Congrats @PiedmontLithium. Quebec produced #lithium bound for 中国. Let’s hope North America conversion plants become the destination soon. $PLL One question: why is this material selling at a substantial discount to the average WA producer? https://t.co/Enb2jVTaab
— Joe Lowry (@globallithium) November 7, 2023
PLL boss Keith Phillips made note of the performance in the face of slumping lithium spot prices, however:
“While we are pleased with Piedmont’s operational and financial performances, our results were materially impacted by the 45% decline in spot lithium prices during the quarter. Virtually all of our offtake tonnage will eventually be sold under longterm contracts announced earlier this year, but initial shipments are being made on the spot market.
“The benchmark spodumene concentrate price fell from more than US$3,500/dmt at the start of the quarter to approximately US$1,900/dmt today, directly impacting our quarterly results as our spot shipments are settled at the spot price around the time of customer receipt.”
With that caveat in mind, along with slowing EV demand recently, here’s Phillips talking with CNBC’s The Exchange about how he’s bullish on lithium, calling it “an unstoppable trend”, and describing the “whole lithium thematic” as being in “the third inning of a nine-inning game”.
In other words, it’s still early-ish days…
Lithium producer @PiedmontLithium became a revenue-generating company in Q3, despite lithium prices dropping 43% in the quarter.
CEO Keith Phillips says he is bullish on the metal despite slowing EV demand, calling adoption an “unstoppable trend.” pic.twitter.com/MBOw7kNeBs
— The Exchange (@CNBCTheExchange) November 7, 2023
Also, we’d like to think lithium’s overall win probability is a bit better than the Aussie ODI team’s about a third of a way into its innings against Afghanistan the other night…
hmmm…that AUS vs AFG win probability looks like the #lithium chart pic.twitter.com/GDtMFJ8uxv
— Carl Capolingua (@CarlCapolingua) November 7, 2023
Quick, someone make an EV called the “Maxi”.
And as for graphite…
It seems the rush is on globally to buy more of the commodity from China for the moment, before the superpower brings into place its graphite export restrictions in December.
Most likely #graphite has bottomed already pic.twitter.com/tHZUyqbVdJ
— Samson Li (@SamsonLi7) November 5, 2023
Battery metals form guide
Here’s a snapshot of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese, and vanadium are performing lately>>>
Battery metals stocks missing from our list? Shoot a mail to [email protected] or [email protected]
Code Company Price % Week % Month % Year % YTD Market Cap PVW PVW Res Ltd 0.057 0% -19% -56% -4% $5,780,072 A8G Australasian Metals 0.2 0% -13% -13% 1% $8,860,484 INF Infinity Lithium 0.082 -2% -8% -62% -4% $39,320,328 LPI Lithium Pwr Int Ltd 0.525 0% 59% -9% 9% $336,876,329 PSC Prospect Res Ltd 0.09 1% 17% -9% -3% $42,065,611 PAM Pan Asia Metals 0.16 7% -24% -58% -25% $24,218,108 CXO Core Lithium 0.38 6% 9% -74% -65% $779,981,474 LOT Lotus Resources Ltd 0.25 9% 6% 11% 5% $421,628,404 AGY Argosy Minerals Ltd 0.165 3% -3% -71% -41% $238,749,275 AZS Azure Minerals 3.92 12% 63% 1144% 370% $1,773,378,618 NWC New World Resources 0.031 19% 7% -9% 0% $58,805,293 QXR Qx Resources Limited 0.033 38% 43% -55% -1% $28,748,924 GSR Greenstone Resources 0.007 -13% -22% -73% -3% $9,557,914 CAE Cannindah Resources 0.09 1% -10% -66% -15% $54,917,596 AZL Arizona Lithium Ltd 0.0315 97% 110% -61% -3% $76,332,079 HNR Hannans Ltd 0.007 0% -13% -67% -1% $19,115,984 COB Cobalt Blue Ltd 0.26 13% 2% -57% -33% $95,722,433 ESS Essential Metals Ltd 0.5 0% 4% 1% 18% $135,278,382 LPD Lepidico Ltd 0.01 11% -9% -41% -1% $68,744,772 MRD Mount Ridley Mines 0.002 0% 0% -60% 0% $15,569,766 CZN Corazon Ltd 0.015 -17% 50% 0% -1% $8,618,371 LKE Lake Resources 0.175 9% 6% -85% -63% $256,040,047 DEV Devex Resources Ltd 0.28 0% -19% 5% 0% $103,048,537 INR Ioneer Ltd 0.165 18% -13% -72% -22% $358,874,475 AVZ AVZ Minerals Ltd 0.78 0% 0% 0% 0% $2,752,409,203 MAN Mandrake Res Ltd 0.035 0% -17% -15% -1% $21,555,357 RLC Reedy Lagoon Corp. 0.005 25% -29% -48% 0% $2,466,734 GBR Greatbould Resources 0.063 -2% 11% -30% -3% $33,508,974 FRS Forrestaniaresources 0.03 -9% -23% -84% -11% $3,682,858 STK Strickland Metals 0.165 57% 117% 275% 13% $257,159,376 MLX Metals X Limited 0.285 2% 4% 12% -10% $258,570,829 CLA Celsius Resource Ltd 0.011 -8% 0% 10% -1% $22,460,517 FGR First Graphene Ltd 0.079 1% -12% -41% -3% $47,028,917 HXG Hexagon Energy 0.009 29% 0% -40% -1% $4,616,243 TLG Talga Group Ltd 1.05 3% -10% -25% -35% $371,576,797 MNS Magnis Energy Tech 0.081 35% 9% -79% -29% $97,159,350 OZL OZ Minerals 0 -100% -100% -100% -2617% $8,918,404,433 PLL Piedmont Lithium Inc 0.44 0% -20% -53% -21% $158,083,824 EUR European Lithium Ltd 0.08 23% 10% -24% 1% $112,933,373 BKT Black Rock Mining 0.115 0% 35% -34% -2% $126,191,759 QEM QEM Limited 0.2 3% 3% 8% 2% $31,792,260 LYC Lynas Rare Earths 7.02 0% 9% -21% -83% $6,574,060,958 ESR Estrella Res Ltd 0.006 0% -14% -40% -1% $10,554,431 ARL Ardea Resources Ltd 0.55 5% -8% -35% -16% $105,117,434 GLN Galan Lithium Ltd 0.59 -6% 1% -66% -48% $211,933,368 JRL Jindalee Resources 1.12 -12% -33% -53% -77% $72,981,292 VUL Vulcan Energy 2.47 19% -5% -67% -386% $435,988,430 SBR Sabre Resources 0.038 -7% 9% -5% 0% $10,784,989 CHN Chalice Mining Ltd 1.84 3% -14% -57% -446% $702,078,764 VRC Volt Resources Ltd 0.006 -14% -25% -68% -1% $28,507,967 NMT Neometals Ltd 0.245 14% -22% -77% -56% $130,027,365 AXN Alliance Nickel Ltd 0.057 -5% 4% -28% -3% $43,550,377 PNN Power Minerals Ltd 0.24 -8% -4% -56% -29% $21,541,545 IGO IGO Limited 9.36 -2% -15% -39% -410% $7,262,198,327 GED Golden Deeps 0.05 -2% -6% -55% -4% $5,776,117 ADV Ardiden Ltd 0.005 0% -9% -23% 0% $13,441,677 SRI Sipa Resources Ltd 0.021 0% 11% -57% -1% $4,791,321 NTU Northern Min Ltd 0.033 3% 22% -21% -1% $189,151,336 AXE Archer Materials 0.41 -7% -15% -39% -21% $104,487,275 PGM Platina Resources 0.025 -11% 0% 19% 1% $16,825,869 AAJ Aruma Resources Ltd 0.034 0% 0% -54% -2% $6,300,528 IXR Ionic Rare Earths 0.0205 -2% -18% -52% -1% $79,122,098 NIC Nickel Industries 0.81 9% 14% 0% -16% $3,514,364,102 EVG Evion Group NL 0.038 -5% 12% -60% -3% $13,146,449 CWX Carawine Resources 0.105 -11% -18% 24% 1% $20,665,834 PLS Pilbara Min Ltd 3.69 1% -6% -29% -6% $11,014,633,336 HAS Hastings Tech Met 0.795 0% 15% -79% -273% $108,667,988 BUX Buxton Resources Ltd 0.2175 6% 14% 118% 10% $37,681,285 ARR American Rare Earths 0.14 8% 12% -32% -5% $62,499,262 SGQ St George Min Ltd 0.045 0% 22% -40% -2% $38,095,874 TKL Traka Resources 0.005 0% 0% -17% 0% $4,376,646 PAN Panoramic Resources 0.035 0% -8% -79% -14% $97,998,678 PRL Province Resources 0.041 0% 0% -48% -2% $48,441,219 IPT Impact Minerals 0.011 16% -8% 83% 0% $31,511,743 LIT Lithium Australia 0.032 0% 0% -37% -1% $40,332,325 AKE Allkem Limited 9.28 -3% -13% -38% -196% $5,900,935,534 ARN Aldoro Resources 0.086 -4% -4% -76% -7% $11,577,642 JRV Jervois Global Ltd 0.037 19% 16% -92% -23% $97,290,745 MCR Mincor Resources NL 0 -100% -100% -100% -151% $751,215,521 SYR Syrah Resources 0.805 21% 81% -68% -126% $517,061,763 FBM Future Battery 0.085 -6% -26% 63% 3% $47,931,163 ADD Adavale Resource Ltd 0.008 -11% -30% -72% -1% $5,842,954 LTR Liontown Resources 1.57 -2% -47% -18% 25% $3,802,125,920 CTM Centaurus Metals Ltd 0.53 13% -4% -44% -59% $251,387,354 VML Vital Metals Limited 0.01 0% 0% -67% -1% $53,061,498 BSX Blackstone Ltd 0.092 -12% -23% -43% -4% $43,105,691 POS Poseidon Nick Ltd 0.017 6% -6% -63% -2% $63,039,020 CHR Charger Metals 0.3 71% 131% -48% -15% $17,702,595 AVL Aust Vanadium Ltd 0.024 -8% -11% -23% 0% $119,246,563 AUZ Australian Mines Ltd 0.013 0% 0% -80% -4% $9,615,904 TMT Technology Metals 0.225 -2% -13% -36% -13% $57,214,346 RXL Rox Resources 0.215 -12% -4% 13% 4% $80,107,133 RNU Renascor Res Ltd 0.1675 16% 46% -29% -5% $457,093,350 GL1 Globallith 1.235 4% 0% -47% -61% $322,323,367 BRB Breaker Res NL 0 -100% -100% -100% -32% $158,126,031 ASN Anson Resources Ltd 0.165 0% 14% -44% -2% $212,146,963 SYA Sayona Mining Ltd 0.087 16% -1% -64% -10% $823,463,681 FFX Firefinch Ltd 0.2 0% 0% 0% 0% $236,569,315 EGR Ecograf Limited 0.195 -15% 56% -37% -3% $88,255,416 ATM Aneka Tambang 1.185 0% 0% 19% 29% $1,544,824 TVN Tivan Limited 0.079 10% 10% -7% 1% $133,516,195 ALY Alchemy Resource Ltd 0.011 10% 10% -74% -1% $12,958,839 GAL Galileo Mining Ltd 0.285 -10% -20% -75% -60% $57,311,229 BHP BHP Group Limited 44.5 0% 1% 10% -113% $230,931,784,696 LEL Lithenergy 0.65 -8% 23% -38% -12% $66,956,500 MMC Mitremining 0.21 -7% -21% 17% -7% $9,523,521 RMX Red Mount Min Ltd 0.004 0% -20% -20% 0% $10,694,304 GW1 Greenwing Resources 0.135 -4% 0% -58% -14% $23,523,950 AQD Ausquest Limited 0.01 -17% -29% -41% -1% $9,076,641 LML Lincoln Minerals 0.007 -13% 0% 2% 0% $11,623,583 1MC Morella Corporation 0.006 20% 0% -68% -1% $30,817,964 REE Rarex Limited 0.03 0% -3% -43% -2% $19,818,211 MRC Mineral Commodities 0.033 0% 12% -50% -3% $28,390,105 PUR Pursuit Minerals 0.01 -9% 11% 0% -1% $26,495,743 QPM Queensland Pacific 0.059 4% -12% -65% -5% $114,712,661 EMH European Metals Hldg 0.62 1% -3% -22% -2% $76,866,490 BMM Balkanminingandmin 0.12 -8% -33% -57% -21% $8,256,861 PEK Peak Rare Earths Ltd 0.39 -5% -6% -8% -6% $100,563,757 LEG Legend Mining 0.022 0% -15% -41% -2% $60,994,021 MOH Moho Resources 0.006 0% 0% -73% -2% $2,380,311 AML Aeon Metals Ltd. 0.01 -17% -33% -60% -2% $12,060,407 G88 Golden Mile Res Ltd 0.024 33% 9% 13% 0% $7,575,959 WKT Walkabout Resources 0.1625 35% 48% -6% 2% $103,347,032 TON Triton Min Ltd 0.026 0% 30% -4% -1% $45,279,429 AR3 Austrare 0.2 8% -11% -38% -20% $30,833,192 ARU Arafura Rare Earths 0.2125 15% -11% -38% -25% $422,672,938 MIN Mineral Resources. 59.15 2% -3% -22% -1805% $11,722,896,866 VMC Venus Metals Cor Ltd 0.105 0% -19% 17% 3% $20,870,155 S2R S2 Resources 0.175 -10% -8% 25% 1% $75,866,932 CNJ Conico Ltd 0.005 0% 0% -55% 0% $7,850,475 VR8 Vanadium Resources 0.049 7% 0% -25% -1% $24,217,928 PVT Pivotal Metals Ltd 0.02 5% -13% -56% -2% $10,957,366 BOA Boadicea Resources 0.039 0% 3% -59% -6% $4,800,522 IPX Iperionx Limited 1.57 26% 21% 109% 88% $321,854,253 SLZ Sultan Resources Ltd 0.016 -6% -11% -84% -7% $2,371,041 NKL Nickelxltd 0.064 8% 2% -53% -2% $4,917,649 NVA Nova Minerals Ltd 0.26 0% 6% -67% -42% $56,940,289 MLS Metals Australia 0.035 -8% 6% -10% -1% $22,465,303 MQR Marquee Resource Ltd 0.025 0% -7% -56% -1% $11,161,378 MRR Minrex Resources Ltd 0.014 0% -7% -67% -2% $16,273,013 EVR Ev Resources Ltd 0.011 0% -15% -52% 0% $9,447,798 EFE Eastern Resources 0.009 13% 0% -76% -2% $9,935,572 CNB Carnaby Resource Ltd 0.73 15% -19% -18% -21% $123,763,216 BNR Bulletin Res Ltd 0.175 9% 77% 30% 8% $51,378,443 AX8 Accelerate Resources 0.04 8% 54% 33% 2% $19,352,090 AM7 Arcadia Minerals 0.08 -6% -24% -69% -13% $6,979,206 AS2 Askarimetalslimited 0.14 -13% -24% -65% -30% $12,672,035 BYH Bryah Resources Ltd 0.012 -8% -8% -47% -1% $4,303,263 DTM Dart Mining NL 0.018 -5% -17% -73% -4% $3,489,220 EMS Eastern Metals 0.03 -6% -3% -77% -4% $2,472,787 FG1 Flynngold 0.067 14% 22% -39% -3% $9,137,633 GSM Golden State Mining 0.025 39% -36% -38% -2% $3,057,412 IMI Infinitymining 0.11 -8% -15% -51% -17% $8,564,569 LRV Larvottoresources 0.125 -22% 0% -29% -4% $9,415,661 LSR Lodestar Minerals 0.004 -20% -33% -20% 0% $10,116,987 RAG Ragnar Metals Ltd 0.025 14% 4% 54% 1% $12,323,505 CTN Catalina Resources 0.0035 -13% -13% -50% -1% $4,953,948 TMB Tambourahmetals 0.155 24% -3% 15% 5% $13,270,456 TEM Tempest Minerals 0.008 14% -11% -71% -2% $3,835,376 EMC Everest Metals Corp 0.088 -10% -30% -12% 1% $11,595,630 WML Woomera Mining Ltd 0.018 100% 80% 33% 0% $11,474,335 KZR Kalamazoo Resources 0.11 22% 10% -45% -10% $19,707,489 LMG Latrobe Magnesium 0.046 -2% 7% -42% -3% $83,913,045 KOR Korab Resources 0.016 -6% -16% -43% -1% $5,505,750 CMX Chemxmaterials 0.08 18% -11% -50% -11% $4,152,139 NC1 Nicoresourceslimited 0.325 5% -14% -36% -29% $34,080,184 GRE Greentechmetals 0.85 118% 154% 486% 71% $36,370,488 CMO Cosmometalslimited 0.05 0% -6% -66% -9% $1,734,833 FRB Firebird Metals 0.155 7% 11% -24% 0% $13,832,250 S32 South32 Limited 3.11 -6% -8% -21% -89% $14,720,090,346 OMH OM Holdings Limited 0.45 -5% -4% -39% -25% $339,766,735 JMS Jupiter Mines. 0.1875 -1% -4% 1% -3% $372,208,296 E25 Element 25 Ltd 0.385 1% 5% -69% -50% $83,749,179 EMN Euromanganese 0.1 -13% -23% -65% -26% $24,581,548 KGD Kula Gold Limited 0.013 -7% -7% -66% -1% $5,598,179 LRS Latin Resources Ltd 0.26 6% 0% 126% 16% $762,439,205 CRR Critical Resources 0.027 0% -25% -50% -2% $46,224,107 ENT Enterprise Metals 0.003 -25% -25% -67% -1% $2,398,413 SCN Scorpion Minerals 0.051 0% -23% -27% -2% $17,682,016 GCM Green Critical Min 0.008 -11% 33% -50% -1% $7,956,095 ENV Enova Mining Limited 0.006 0% -25% -50% -1% $3,845,576 RBX Resource B 0.13 13% -7% 48% 5% $10,748,983 AKN Auking Mining Ltd 0.04 5% -33% -62% -6% $8,164,148 RR1 Reach Resources Ltd 0.012 0% 0% 140% 1% $38,523,565 EMT Emetals Limited 0.007 0% 0% -61% 0% $5,950,000 PNT Panthermetalsltd 0.07 -5% -11% -63% -12% $4,463,950 WIN Widgienickellimited 0.17 -8% -26% -49% -16% $50,650,659 WMG Western Mines 0.275 -5% -2% 129% 12% $19,011,366 AVW Avira Resources Ltd 0.002 0% 0% -43% 0% $4,267,580 CAI Calidus Resources 0.19 -3% 41% -53% -8% $109,842,661 GT1 Greentechnology 0.38 -8% -10% -62% -45% $87,320,784 KAI Kairos Minerals Ltd 0.0175 9% -13% -40% 0% $44,555,507 MTM MTM Critical Metals 0.023 5% -32% -77% -6% $2,284,753 NWM Norwest Minerals 0.032 5% 19% -38% -2% $8,770,870 PGD Peregrine Gold 0.31 15% 7% -30% -8% $16,602,080 RAS Ragusa Minerals Ltd 0.043 13% 19% -80% -7% $6,131,748 RGL Riversgold 0.009 -5% -25% -80% -2% $8,561,353 SRZ Stellar Resources 0.009 6% -25% -31% 0% $10,981,865 STM Sunstone Metals Ltd 0.017 -6% 13% -45% -2% $55,475,728 ZNC Zenith Minerals Ltd 0.125 40% -4% -56% -14% $42,285,706 WC8 Wildcat Resources 0.855 21% 109% 2703% 83% $921,151,812 ASO Aston Minerals Ltd 0.035 17% -5% -51% -5% $46,622,314 THR Thor Energy PLC 0.025 -7% -19% -72% -4% $5,221,784 YAR Yari Minerals Ltd 0.015 -12% -12% -35% 0% $8,200,083 IG6 Internationalgraphit 0.175 3% 0% -44% -10% $16,017,860 LPM Lithium Plus 0.53 10% 6% -22% 16% $34,313,864 ODE Odessa Minerals Ltd 0.01 25% -9% -38% -1% $8,524,006 KOB Kobaresourceslimited 0.084 20% 5% -55% -6% $7,062,917 AZI Altamin Limited 0.061 3% -12% -31% -2% $25,461,589 FTL Firetail Resources 0.099 -10% 4% -38% -6% $15,635,083 LNR Lanthanein Resources 0.008 14% 0% -76% -1% $8,972,605 CLZ Classic Min Ltd 0.001 0% 0% -92% -1% $12,357,082 NVX Novonix Limited 0.7575 12% 9% -71% -71% $371,343,747 OCN Oceanalithiumlimited 0.125 -14% -26% -74% -22% $5,573,033 SUM Summitminerals 0.1 12% -5% -46% -5% $4,479,770 DVP Develop Global Ltd 3.04 -10% -5% 15% -14% $769,338,965 XTC Xantippe Res Ltd 0.001 0% 0% -76% 0% $17,528,005 OD6 Od6Metalsltd 0.18 20% 13% -28% -16% $9,902,789 HRE Heavy Rare Earths 0.085 -6% 10% -50% -3% $4,839,034 LIN Lindian Resources 0.18 13% -10% -5% 3% $207,346,002 PEK Peak Rare Earths Ltd 0.39 -5% -6% -8% -6% $100,563,757 ILU Iluka Resources 7.3 1% -1% -20% -223% $3,144,118,389 ASM Ausstratmaterials 1.605 14% 19% -9% 17% $275,179,139 ETM Energy Transition 0.033 -3% -8% -30% -3% $44,739,552 VMS Venture Minerals 0.01 11% -9% -50% -1% $19,500,130 IDA Indiana Resources 0.055 12% -8% 4% 0% $34,296,475 VTM Victory Metals Ltd 0.28 12% 56% 60% 6% $21,842,907 M2R Miramar 0.022 -4% -52% -77% -5% $2,828,521 WCN White Cliff Min Ltd 0.012 20% 0% -37% 0% $12,570,186 TAR Taruga Minerals 0.01 0% 0% -70% -1% $7,060,268 ABX ABX Group Limited 0.071 4% -4% -53% -4% $16,479,175 MEK Meeka Metals Limited 0.035 -13% -5% -41% -3% $45,066,439 RR1 Reach Resources Ltd 0.012 0% 0% 140% 1% $38,523,565 DRE Dreadnought Resources Ltd 0.033 3% -25% -67% -7% $114,079,195 KFM Kingfisher Mining 0.135 -10% -23% -77% -34% $7,520,100 AOA Ausmon Resorces 0.0035 17% 17% -42% 0% $3,020,998 WC1 Westcobarmetals 0.061 -13% -24% -64% -11% $5,633,753 GRL Godolphin Resources 0.035 -3% -5% -61% -5% $6,092,713 DM1 Desert Metals 0.038 -3% -10% -88% -16% $2,756,561 PTR Petratherm Ltd 0.046 0% -25% -16% -1% $10,338,552 ITM Itech Minerals Ltd 0.145 21% 21% -54% -12% $17,716,616 KTA Krakatoa Resources 0.026 8% 30% -57% -2% $12,612,040 M24 Mamba Exploration 0.029 -6% -36% -75% -12% $1,768,517 LNR Lanthanein Resources 0.008 14% 0% -76% -1% $8,972,605 TKM Trek Metals Ltd 0.05 0% 61% -43% -3% $23,389,084 BCA Black Canyon Limited 0.14 -7% 8% -39% -10% $9,899,156 CDT Castle Minerals 0.011 10% 22% -50% -1% $14,516,916 DLI Delta Lithium 0.565 -3% -14% -5% 9% $312,252,304 A11 Atlantic Lithium 0.4 7% -2% -59% -22% $254,080,289 KNI Kunikolimited 0.28 17% -3% -56% -23% $25,771,880 CY5 Cygnus Metals Ltd 0.1675 -12% 8% -70% -21% $49,307,249 WR1 Winsome Resources 1.37 4% 0% 38% 14% $235,313,433 LLI Loyal Lithium Ltd 0.43 4% -21% -39% 14% $36,639,503 BC8 Black Cat Syndicate 0.205 -5% 8% -32% -15% $62,271,895 BUR Burleyminerals 0.215 2% 48% 8% -1% $22,285,286 PBL Parabellumresources 0.345 0% 0% -37% 1% $18,879,263 L1M Lightning Minerals 0.13 4% 8% 0% -4% $4,887,008 WA1 Wa1Resourcesltd 11 30% 140% 525% 961% $400,157,427 EV1 Evolutionenergy 0.14 -13% -15% -41% -9% $25,427,598 1AE Auroraenergymetals 0.098 4% -27% -54% -5% $15,124,658 RVT Richmond Vanadium 0.36 -5% -8% 0% 13% $32,758,966 PMT Patriotbatterymetals 1.09 -5% 7% 0% 34% $436,225,893 PAT Patriot Lithium 0.21 0% 17% 0% -6% $13,416,375 BM8 Battery Age Minerals 0.2 -5% -17% -60% -30% $17,827,378 OM1 Omnia Metals Group 0.078 0% -1% -46% -8% $3,786,192 VHM Vhmlimited 0.4775 -1% -5% 0% 0% $71,570,998 LLL Leolithiumlimited 0.505 0% 0% -23% 2% $498,553,663 SRN Surefire Rescs NL 0.0105 -34% -25% -13% 0% $18,204,284 SRL Sunrise 0.695 -4% -4% -64% -123% $63,159,249 SYR Syrah Resources 0.805 21% 81% -68% -126% $517,061,763 EG1 Evergreenlithium 0.18 -27% -36% 0% 0% $9,840,250 WSR Westar Resources 0.02 18% 5% -57% -3% $3,336,435 LU7 Lithium Universe Ltd 0.04 8% -17% 0% 1% $15,540,876 MEI Meteoric Resources 0.26 6% 21% 1757% 21% $476,195,996 REC Rechargemetals 0.12 -8% -25% -27% -2% $13,918,997 SLM Solismineralsltd 0.23 -4% 2% 271% 16% $20,240,664 DYM Dynamicmetalslimited 0.205 24% 3% 0% 0% $7,175,000 TOR Torque Met 0.195 0% -30% 8% 2% $23,531,627 ICL Iceni Gold 0.058 -5% -19% -8% -2% $14,151,571 TMX Terrain Minerals 0.005 0% 0% -17% 0% $6,767,139 MHC Manhattan Corp Ltd 0.0045 -10% -31% -25% 0% $14,684,899 MHK Metalhawk. 0.235 114% 140% 27% 7% $16,541,912 ANX Anax Metals Ltd 0.031 -11% -11% -52% -2% $12,467,214 FIN FIN Resources Ltd 0.032 3% 191% 28% 1% $18,631,061 LM1 Leeuwin Metals Ltd 0.265 -4% -24% 0% 0% $12,091,950 HAW Hawthorn Resources 0.1 5% -5% 8% -2% $33,501,561 LCY Legacy Iron Ore 0.017 0% -11% 0% 0% $108,916,045
WordPress Tables Plugin
Charged up:
Biggest gainers, past seven days
GreenTech Metals (ASX:GRE) +118%
Metal Hawk (ASX:MHK) +114%
Woomera Mining (ASX:WML) +100%
Arizona Lithium (ASX:AZL) +97%
Charger Metals (ASX:CHR) +71%
Strickland Metals (ASX:STK) +57%
Zenith Minerals (ASX:ZNC) +40%
Golden State Mining (ASX:GSM) +39%
Low on juice:
Biggest dippers, past seven days
Surefire Resources (ASX:SRN) -34%
Evergreen Lithium (ASX:EG1) -27%
Enterprise Metals (ASX:ENT) -25%
Larvotto Resources (ASX:LRV) -22%
Latest ASX battery metals stocks news
Allkem (ASX:AKE): Allkem chairman Peter Coleman has quietened hopes for dividends from the lithium producer, saying building scale is the top priority. Josh Chiat has the details in Monsters of Rock, here.
Uvre’s (ASX:UVA) East Canyon project in the Uravan mineral belt and Salt Wash ore producing districts of the Colorado Plateau in southeastern Utah is an early-stage exploration project comprising 231 claims (18.7km2) prospective for uranium and vanadium. Uvre has begun mapping and sampling at the Big Sally prospect. More in a special report, here.
Golden State Mining (ASX:GSM) crushed it on the ASX with a 56% gain on Wednesday after announcing it’s identified numerous pegmatite outcrops “within elevated to anomalous lithium-caesium-tantalum (LCT) geochemistry envelope”. Read more here.
New Age Exploration’s (ASX:NAE) completion of a key cultural heritage survey has paved the way for future drilling at the Quartz Hill project in the Pilbara, where NAE has identified pegmatites similar in style to those hosting some of the world’s biggest lithium mines. More, in a special report, here.
James Bay Minerals (ASX:JBY) is pursuing its strategy of expanding its land position at the La Grande greenstone belt in the James Bay region of Quebec, Canada, by acquiring 12,116ha – a 70% increase. More, in a special report, here.
Bubalus Resources (ASX:BUS) has a tight capital structure, more than $3.6m in cash and projects close to significant, third-party projects, such as Delta Lithium’s Malinda lithium prospect. More, in a special report, here.
Note: UVA, GSM, NAE, JBY and BUS are all Stockhead advertisers at the time of writing. They sponsored recent special reports, but not this article.
The post High Voltage: WA gov looks downstream in battery minerals strategy; Piedmont Lithium up on sales profits appeared first on Stockhead.
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