French lithium miner Eramet in production with Direct Lithium Extraction tech by November
Pivotal Metals finds thick copper in Canada
Sipa Resources eyes exploration at WA nickel project
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.
French lithium player Eramet has started commissioning direct lithium extraction at its Centenario brine project in Argentina – and will become the first European company to produce battery-grade lithium carbonate at industrial scale once production kicks off in November.
Ramp up is expected by 2025, with Centenario Phase 1 designed to extract and produce 24,000t a year of battery-grade lithium carbonate at full capacity.
That’s the equivalent to the requirements for 600,000 electric vehicles annually, the company says.
It’s worth noting that while DLE tech has been around in the water industry for decades, its use in lithium has been questioned by some like Benchmark Minerals Intelligence as to whether or not the tech is able to bridge a supply gap.
The tech is already used commercially by a number of lower grade projects in China as well as by Aussie player Arcadium Lithium (ASX:LTM) at its El Fenix operation in Argentina, and it’s popular with regulators in places like Chile who are concerned about the water draw of evaporative brine fields located in arid desert regions.
Last year, Goldman Sachs suggested DLE could pose a technological shift in lithium production akin to the role the innovation of shale oil played in expanding US oil and gas production.
“Direct Lithium Extraction (DLE) has the potential to significantly impact the lithium industry, with implementation on the extraction of lithium brines potentially revolutionary to production/capacity, timing, and environmental impacts/permitting,” its analysts said.
They predict an additional 70,000-140,000tpa could come from next generation DLE from 2028, boosting global lithium supplies by 8%.
Eramet, better known as a nickel and manganese producer, reckons its tech is legit. It’s been tested over five years on site under real-life conditions, achieving a recovery rate of lithium contained in the brine of approximately 90%.
“In comparison, if we were using the traditional natural evaporation process in Centenario, the recovery rate would be 40-50%,” the company said.
The process is also much, much quicker than conventional evaporation, able to reduce the production lead-time to 1 week vs 12-18 months.
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% -17% $17,528,272 MOH Moho Resources 0.006 50% 50% -40% -45% $2,695,891 PVT Pivotal Metals Ltd 0.02 43% 11% -17% -5% $13,378,247 BM8 Battery Age Minerals 0.185 42% 12% -10% -65% $17,209,466 IMI Infinitymining 0.021 40% -53% -85% -83% $2,493,821 LRV Larvottoresources 0.14 40% 47% 94% 18% $33,859,572 RLC Reedy Lagoon Corp. 0.004 33% 0% -20% -31% $2,478,163 TMX Terrain Minerals 0.004 33% 0% -20% -43% $4,295,012 SRI Sipa Resources Ltd 0.017 31% 6% -32% -15% $3,878,688 IG6 Internationalgraphit 0.077 31% -30% -47% -57% $14,903,991 KOR Korab Resources 0.009 29% 50% -50% -59% $3,303,450 EMH European Metals Hldg 0.32 28% -18% -19% -61% $63,270,635 LIN Lindian Resources 0.14 27% 27% -7% -61% $167,173,724 ARR American Rare Earths 0.31 27% 15% 94% 114% $143,092,757 ASN Anson Resources Ltd 0.125 25% -4% -14% -19% $154,863,385 GRE Greentechmetals 0.16 23% -22% -64% -71% $13,708,196 ITM Itech Minerals Ltd 0.064 23% -11% -42% -72% $7,337,014 CAE Cannindah Resources 0.062 22% 5% -33% -59% $33,528,637 DLI Delta Lithium 0.265 20% -2% -44% -68% $189,052,893 WML Woomera Mining Ltd 0.003 20% 0% -90% -77% $4,872,556 COB Cobalt Blue Ltd 0.088 19% -3% -63% -67% $36,691,521 EVG Evion Group NL 0.019 19% -17% -46% -46% $6,919,184 PNN Power Minerals Ltd 0.16 19% 14% -29% -58% $12,038,655 AQD Ausquest Limited 0.013 18% -24% 8% -13% $10,726,940 BUX Buxton Resources Ltd 0.079 18% -21% -56% -52% $15,913,258 ASM Ausstratmaterials 0.895 17% -9% -35% -19% $153,963,524 EMC Everest Metals Corp 0.14 17% 8% 75% -26% $22,999,635 KTA Krakatoa Resources 0.014 17% -13% -58% -42% $6,137,394 EG1 Evergreenlithium 0.071 16% -25% -59% -78% $3,992,330 AGY Argosy Minerals Ltd 0.086 16% -31% -41% -78% $123,753,279 EMN Euromanganese 0.076 15% -5% -24% -54% $16,353,707 IPX Iperionx Limited 2.25 15% -7% 61% 102% $578,800,708 WA1 Wa1Resourcesltd 19.29 15% -9% 51% 233% $1,178,884,916 DTM Dart Mining NL 0.023 15% -8% 35% -43% $5,943,956 MRC Mineral Commodities 0.024 14% -8% -27% -50% $23,627,342 LNR Lanthanein Resources 0.004 14% 0% -64% -73% $9,774,545 LNR Lanthanein Resources 0.004 14% 0% -64% -73% $9,774,545 SRL Sunrise 0.41 14% -19% -10% -61% $32,481,899 AXE Archer Materials 0.37 14% -11% -11% -38% $94,293,395 REC Rechargemetals 0.033 14% -15% -65% -91% $4,609,769 LM1 Leeuwin Metals Ltd 0.051 13% -22% -64% -87% $2,389,435 RXL Rox Resources 0.135 13% -18% -27% -57% $52,918,741 SLZ Sultan Resources Ltd 0.009 13% -18% -60% -80% $1,778,278 GCM Green Critical Min 0.0045 13% 50% -55% -70% $5,114,633 ASR Asra Minerals Ltd 0.0045 13% -36% -36% -36% $9,162,357 VTM Victory Metals Ltd 0.37 12% 37% 85% 48% $32,467,152 NC1 Nicoresourceslimited 0.14 12% -3% -59% -70% $15,323,081 ETM Energy Transition 0.0235 12% -29% -38% -41% $33,004,036 CLA Celsius Resource Ltd 0.0145 12% 45% 16% -42% $33,990,778 FRS Forrestaniaresources 0.039 11% -15% 37% -56% $6,471,430 VHM Vhmlimited 0.465 11% 7% -34% -27% $70,932,128 SRZ Stellar Resources 0.021 11% -5% 163% 62% $38,835,036 GRL Godolphin Resources 0.021 11% -22% -43% -61% $4,063,933 EFE Eastern Resources 0.0055 10% -8% -31% -45% $6,209,732 CAI Calidus Resources 0.115 10% -4% -47% -32% $93,678,206 BKT Black Rock Mining 0.059 9% -5% -30% -46% $73,827,795 WKT Walkabout Resources 0.12 9% 0% -14% 24% $77,195,067 PGM Platina Resources 0.025 9% -4% 14% -4% $18,072,230 VUL Vulcan Energy 4.16 9% -12% 48% -1% $730,171,655 WR1 Winsome Resources 0.775 8% -31% -29% -52% $161,313,145 AAJ Aruma Resources Ltd 0.013 8% -24% -52% -70% $2,559,590 EUR European Lithium Ltd 0.054 8% 13% -51% -46% $78,294,868 SGQ St George Min Ltd 0.027 8% 23% -23% -33% $26,690,592 TMB Tambourahmetals 0.055 8% -19% -54% -39% $4,561,719 QEM QEM Limited 0.14 8% 0% -30% -24% $22,708,757 IDA Indiana Resources 0.085 8% 8% 14% 81% $53,921,558 S2R S2 Resources 0.1 8% -20% -35% -20% $43,927,225 HAS Hastings Tech Met 0.295 7% 34% -59% -77% $52,912,840 AVL Aust Vanadium Ltd 0.015 7% -12% -25% -55% $129,157,547 LU7 Lithium Universe Ltd 0.015 7% -17% -56% -50% $8,908,703 BSX Blackstone Ltd 0.048 7% -14% -31% -58% $25,740,735 AR3 Austrare 0.08 7% -24% -47% -74% $11,694,142 SCN Scorpion Minerals 0.016 7% -16% -50% -82% $6,551,299 BC8 Black Cat Syndicate 0.32 7% -7% 36% -15% $117,139,768 NTU Northern Min Ltd 0.034 6% -6% 10% 3% $195,062,315 1AE Auroraenergymetals 0.068 6% -23% -41% 8% $12,176,334 MLX Metals X Limited 0.43 6% -9% 51% 51% $380,610,748 FBM Future Battery 0.035 6% -13% -50% -71% $22,517,382 LTR Liontown Resources 0.95 6% -27% -44% -66% $2,315,879,660 ASO Aston Minerals Ltd 0.0095 6% -37% -57% -88% $12,950,643 PEK Peak Rare Earths Ltd 0.195 5% -20% -47% -58% $51,858,643 PEK Peak Rare Earths Ltd 0.195 5% -20% -47% -58% $51,858,643 AZL Arizona Lithium Ltd 0.02 5% -13% -33% -38% $80,528,662 DEV Devex Resources Ltd 0.3 5% -27% 7% 2% $127,945,295 IXR Ionic Rare Earths 0.0105 5% -13% -60% -52% $48,313,011 SLM Solismineralsltd 0.084 5% -20% -44% -92% $6,485,697 STK Strickland Metals 0.11 5% -4% 10% 168% $240,835,622 EGR Ecograf Limited 0.115 5% -28% -26% -18% $49,943,500 NKL Nickelxltd 0.024 4% -17% -35% -64% $2,107,564 ANX Anax Metals Ltd 0.024 4% -37% -17% -62% $16,591,610 LYC Lynas Rare Earths 6.32 4% -5% -12% -8% $5,729,822,474 A11 Atlantic Lithium 0.38 4% -12% -7% -30% $254,995,103 PLL Piedmont Lithium Inc 0.145 4% -28% -65% -83% $60,470,046 IPT Impact Minerals 0.0155 3% -23% 29% 11% $48,950,939 LPM Lithium Plus 0.155 3% 58% -55% -43% $20,843,550 EV1 Evolutionenergy 0.034 3% -40% -75% -82% $10,349,014 CHR Charger Metals 0.069 3% -22% -61% -86% $5,341,997 HRE Heavy Rare Earths 0.035 3% -5% -45% -61% $2,117,078 LRS Latin Resources Ltd 0.18 3% -31% -35% -44% $489,898,406 PFE Panteraminerals 0.036 3% -32% -31% -59% $10,864,245 ILU Iluka Resources 6.785 3% -5% 2% -39% $2,824,364,598 JRV Jervois Global Ltd 0.0185 3% 23% -59% -71% $48,649,748 NVA Nova Minerals Ltd 0.195 3% -15% -47% -33% $37,634,954 MTM MTM Critical Metals 0.039 3% -11% -58% -63% $10,119,847 S32 South32 Limited 3.835 3% -3% 14% 2% $16,894,134,459 AM7 Arcadia Minerals 0.042 2% -38% -42% -63% $4,682,004 GW1 Greenwing Resources 0.045 2% -31% -63% -80% $7,975,065 MHK Metalhawk. 0.05 2% -9% -64% -62% $5,033,500 BMM Balkanminingandmin 0.053 2% -12% -56% -74% $3,765,147 HAW Hawthorn Resources 0.063 2% -10% -32% -55% $21,105,984 LOT Lotus Resources Ltd 0.34 1% -27% 13% 84% $595,145,234 SYR Syrah Resources 0.345 1% -24% -48% -61% $346,688,742 SYR Syrah Resources 0.345 1% -24% -48% -61% $346,688,742 ARU Arafura Rare Earths 0.1825 1% -4% 7% -40% $427,405,906 LEL Lithenergy 0.39 1% -5% -32% -55% $42,560,596 BHP BHP Group Limited 43.5 0% -2% -14% -3% $218,887,270,062 PVW PVW Res Ltd 0.021 0% -13% -56% -74% $2,129,500 INF Infinity Lithium 0.052 0% -12% -46% -42% $24,054,789 PAM Pan Asia Metals 0.16 0% 0% 7% -27% $29,682,935 CXO Core Lithium 0.086 0% -34% -68% -90% $183,776,457 NWC New World Resources 0.031 0% -18% -28% -14% $85,068,452 RIL Redivium Limited 0.003 0% -25% -50% -73% $8,192,564 LPD Lepidico Ltd 0.003 0% -25% -55% -71% $25,767,358 MRD Mount Ridley Mines 0.001 0% 0% -50% -50% $7,784,883 CZN Corazon Ltd 0.006 0% -25% -63% -60% $4,007,434 MNS Magnis Energy Tech 0.042 0% 0% 0% -70% $50,378,922 0 0% 0% 0% 0% ESR Estrella Res Ltd 0.004 0% -11% -33% -43% $7,037,487 ARL Ardea Resources Ltd 0.485 0% -20% 0% 37% $94,849,385 VRC Volt Resources Ltd 0.005 0% 0% -17% -50% $18,714,052 IGO IGO Limited 5.74 0% -18% -37% -62% $4,263,417,787 ADV Ardiden Ltd 0.125 0% -14% -29% -58% $7,814,688 PAN Panoramic Resources 0.035 0% 0% 0% -62% $103,937,992 PRL Province Resources 0.041 0% 0% 0% 0% $48,441,219 VML Vital Metals Limited 0.003 0% -14% -57% -67% $11,790,134 AUZ Australian Mines Ltd 0.008 0% -11% -20% -50% $10,488,841 0 0% 0% 0% 0% FFX Firefinch Ltd 0.2 0% 0% 0% 0% $236,569,315 ATM Aneka Tambang 1.07 0% -1% -9% 0% $1,394,904 GAL Galileo Mining Ltd 0.2 0% -18% -30% -64% $40,513,110 RMX Red Mount Min Ltd 0.001 0% 0% -62% -71% $3,423,577 1MC Morella Corporation 0.003 0% 0% -45% -63% $12,357,599 PUR Pursuit Minerals 0.003 0% -25% -63% -79% $10,906,200 QPM Queensland Pacific 0.034 0% -6% -38% -66% $83,187,998 LEG Legend Mining 0.011 0% -21% -31% -73% $29,079,772 AML Aeon Metals Ltd. 0.006 0% -25% -40% -60% $6,578,404 G88 Golden Mile Res Ltd 0.011 0% -21% -45% -79% $4,523,451 VMC Venus Metals Cor Ltd 0.07 0% -20% -30% -37% $13,281,008 CNJ Conico Ltd 0.001 0% 0% -80% -86% $1,805,145 MQR Marquee Resource Ltd 0.011 0% -15% -59% -76% $4,547,228 MRR Minrex Resources Ltd 0.009 0% -14% -44% -36% $9,763,808 FG1 Flynngold 0.024 0% -14% -47% -54% $6,109,073 LSR Lodestar Minerals 0.0015 0% 25% -38% -53% $2,023,397 RAG Ragnar Metals Ltd 0.018 0% 3% -22% -27% $9,005,638 CTN Catalina Resources 0.003 0% 0% -33% 0% $3,715,461 KZR Kalamazoo Resources 0.085 0% -15% -19% -26% $15,288,681 CRR Critical Resources 0.008 0% -27% -60% -80% $14,242,802 RBX Resource B 0.034 0% -8% -55% -82% $2,811,272 EMT Emetals Limited 0.004 0% -20% -50% -56% $3,400,000 AVW Avira Resources Ltd 0.001 0% 0% -50% -60% $2,938,790 GT1 Greentechnology 0.079 0% -9% -72% -89% $24,453,159 THR Thor Energy PLC 0.015 0% -21% -50% -63% $3,525,368 YAR Yari Minerals Ltd 0.003 0% -25% -73% -79% $1,447,073 AZI Altamin Limited 0.038 0% -3% -31% -50% $16,676,263 FTL Firetail Resources 0.076 0% 77% 4% -27% $14,314,882 WCN White Cliff Min Ltd 0.015 0% -12% 67% 114% $24,365,811 TAR Taruga Minerals 0.007 0% -13% -36% -30% $4,942,187 ABX ABX Group Limited 0.047 0% -11% -37% -52% $11,751,895 AOA Ausmon Resorces 0.002 0% -33% -33% -43% $2,117,999 DM1 Desert Metals 0.02 0% -9% -60% -64% $5,308,514 M24 Mamba Exploration 0.016 0% -20% -66% -77% $2,945,316 CDT Castle Minerals 0.004 0% -20% -56% -64% $5,975,218 CY5 Cygnus Metals Ltd 0.045 0% -33% -63% -84% $12,321,084 BUR Burleyminerals 0.15 0% 7% -9% -35% $21,803,787 OM1 Omnia Metals Group 0.078 0% 0% 0% -65% $4,550,568 LLL Leolithiumlimited 0.505 0% 0% 0% -53% $605,079,142 SRN Surefire Rescs NL 0.008 0% -11% -11% -47% $15,890,463 WSR Westar Resources 0.009 0% -10% -52% -82% $2,340,578 MEI Meteoric Resources 0.16 0% -16% -37% -22% $308,468,576 LCY Legacy Iron Ore 0.013 0% 0% -24% -35% $100,276,127 NIC Nickel Industries 0.8125 0% -15% 14% -8% $3,428,647,904 OMH OM Holdings Limited 0.4475 -1% -6% -7% -11% $342,899,918 MIN Mineral Resources. 55.2 -1% -23% -22% -23% $10,545,188,291 DVP Develop Global Ltd 2.2 -1% -4% -21% -36% $554,815,199 GLN Galan Lithium Ltd 0.1675 -1% -26% -77% -81% $78,200,759 KFM Kingfisher Mining 0.06 -2% -19% -64% -80% $3,276,615 LKE Lake Resources 0.041 -2% -32% -70% -86% $61,535,630 LTM Arcadium Lithium PLC 4.89 -2% -26% -55% 0% $1,839,864,002 CHN Chalice Mining Ltd 1.365 -3% -18% -19% -78% $589,279,406 AXN Alliance Nickel Ltd 0.039 -3% -7% -9% -59% $28,307,745 PBL Parabellumresources 0.039 -3% -11% -39% -89% $2,429,700 PMT Patriotbatterymetals 0.545 -3% -37% -52% -68% $333,636,572 ARN Aldoro Resources 0.072 -3% -4% -42% -31% $9,558,286 GED Golden Deeps 0.034 -3% -17% -26% -43% $4,043,282 SYA Sayona Mining Ltd 0.034 -3% -24% -51% -81% $349,972,064 MEK Meeka Metals Limited 0.033 -3% -13% -18% -3% $40,745,395 JLL Jindalee Lithium Ltd 0.31 -3% -43% -68% -82% $18,751,936 EMS Eastern Metals 0.03 -3% -9% -17% -44% $2,964,787 DYM Dynamicmetalslimited 0.15 -3% -9% -9% -53% $5,400,000 CTM Centaurus Metals Ltd 0.44 -3% -15% -17% -51% $225,762,205 MAN Mandrake Res Ltd 0.029 -3% -12% -31% -37% $18,502,798 E25 Element 25 Ltd 0.2175 -3% -19% -48% -63% $50,031,977 INR Ioneer Ltd 0.14 -3% -35% -7% -59% $338,926,814 GBR Greatbould Resources 0.056 -3% -5% -15% -22% $33,950,343 PLS Pilbara Min Ltd 3.04 -3% -20% -24% -38% $8,938,871,257 TOR Torque Met 0.135 -4% -33% -39% -4% $24,759,513 FGR First Graphene Ltd 0.053 -4% -5% -23% -23% $33,621,838 NMT Neometals Ltd 0.0865 -4% -28% -58% -82% $53,561,687 NVX Novonix Limited 0.715 -4% 4% -3% -27% $344,747,774 CMX Chemxmaterials 0.047 -4% 2% -43% -34% $5,970,049 L1M Lightning Minerals 0.069 -4% -22% -43% -57% $6,326,565 RON Roninresourcesltd 0.115 -4% -23% -36% -26% $4,234,876 LMG Latrobe Magnesium 0.044 -4% -10% -30% -17% $96,440,209 DRE Dreadnought Resources Ltd 0.022 -4% 29% -24% -58% $73,774,532 TLG Talga Group Ltd 0.5925 -4% -3% -26% -60% $243,042,670 WC8 Wildcat Resources 0.31 -5% -28% -54% 158% $380,067,754 VMS Venture Minerals 0.02 -5% -23% 186% 43% $47,600,274 LIT Lithium Australia 0.019 -5% -27% -37% -42% $22,612,396 MLS Metals Australia 0.019 -5% -10% -50% -44% $13,440,021 KGD Kula Gold Limited 0.0095 -5% -27% -37% -44% $5,873,013 SBR Sabre Resources 0.017 -6% -6% -45% -35% $6,362,453 GL1 Globallith 0.255 -6% -28% -78% -84% $67,668,978 M2R Miramar 0.008 -6% -23% -60% -76% $1,579,118 RAS Ragusa Minerals Ltd 0.016 -6% -16% -56% -75% $2,281,581 TEM Tempest Minerals 0.0075 -6% -21% -2% -40% $3,633,871 NWM Norwest Minerals 0.03 -6% -12% -6% -38% $11,255,466 ICL Iceni Gold 0.06 -6% -9% 13% -15% $16,365,663 MMC Mitremining 0.82 -6% 16% 215% 173% $85,110,223 OD6 Od6Metalsltd 0.043 -7% -31% -69% -78% $5,533,677 KNI Kunikolimited 0.215 -7% 2% -26% -50% $17,787,700 KOB Kobaresourceslimited 0.14 -7% -7% 100% -10% $22,198,626 PAT Patriot Lithium 0.056 -7% -28% -67% -79% $5,587,945 BCA Black Canyon Limited 0.079 -7% -37% -44% -54% $5,541,175 REE Rarex Limited 0.013 -7% -19% -52% -64% $10,271,710 LML Lincoln Minerals 0.006 -8% -20% 0% -60% $12,337,129 PNT Panthermetalsltd 0.024 -8% -47% -60% -68% $2,004,822 RVT Richmond Vanadium 0.24 -8% -23% -14% -41% $20,689,873 RNU Renascor Res Ltd 0.0865 -8% -21% -31% -54% $223,642,364 BOA Boadicea Resources 0.023 -8% -4% -36% -52% $2,837,115 ALY Alchemy Resource Ltd 0.0055 -8% -21% -48% -66% $6,479,419 EVR Ev Resources Ltd 0.0055 -8% -31% -50% -58% $6,606,357 RGL Riversgold 0.0055 -8% -21% -58% -63% $6,047,884 WC1 Westcobarmetals 0.033 -8% -34% -57% -63% $4,035,911 BNR Bulletin Res Ltd 0.042 -9% -14% -70% -31% $12,038,146 AS2 Askarimetalslimited 0.04 -9% -27% -74% -86% $4,005,327 FRB Firebird Metals 0.15 -9% -14% 3% 65% $21,354,210 TKM Trek Metals Ltd 0.03 -9% -27% -19% -67% $15,404,186 CNB Carnaby Resource Ltd 0.475 -10% -21% -39% -55% $82,529,878 A8G Australasian Metals 0.072 -10% -22% -52% -37% $3,752,676 GSM Golden State Mining 0.009 -10% -10% -40% -80% $3,073,077 KAI Kairos Minerals Ltd 0.009 -10% -18% -38% -48% $23,588,210 OCN Oceanalithiumlimited 0.036 -10% -22% -69% -91% $3,217,422 JMS Jupiter Mines. 0.2875 -10% -14% 74% 47% $558,601,516 STM Sunstone Metals Ltd 0.0085 -11% -29% -39% -67% $34,544,405 ZNC Zenith Minerals Ltd 0.048 -11% -29% -67% -47% $16,914,282 PTR Petratherm Ltd 0.016 -11% -30% -53% -80% $3,621,118 FIN FIN Resources Ltd 0.008 -11% -33% -62% -43% $5,194,150 CWX Carawine Resources 0.083 -12% -21% -25% -20% $20,306,789 TVN Tivan Limited 0.066 -12% 22% 0% -11% $120,154,279 PSC Prospect Res Ltd 0.14 -13% -26% 59% -13% $67,015,184 ENV Enova Mining Limited 0.0105 -13% -50% -38% 110% $10,058,258 WIN Widgienickellimited 0.021 -13% -42% -75% -90% $6,702,277 VR8 Vanadium Resources 0.054 -13% -10% 0% -27% $30,381,761 KM1 Kalimetalslimited 0.235 -13% -41% 0% 0% $17,558,682 LLI Loyal Lithium Ltd 0.16 -14% -30% -56% -50% $14,063,625 AKN Auking Mining Ltd 0.019 -14% -21% -60% -62% $5,041,720 QXR Qx Resources Limited 0.006 -14% -45% -75% -68% $6,660,467 AX8 Accelerate Resources 0.033 -15% -42% -20% 65% $18,001,864 HXG Hexagon Energy 0.01 -17% -47% -23% 0% $5,129,159 PGD Peregrine Gold 0.19 -17% -31% -22% -31% $12,896,900 CMO Cosmometalslimited 0.041 -20% 8% -28% -48% $5,254,416 ADD Adavale Resource Ltd 0.004 -20% -11% -47% -84% $4,261,061 POS Poseidon Nick Ltd 0.004 -20% -43% -67% -89% $14,854,139 RR1 Reach Resources Ltd 0.014 -22% 0% -24% -72% $13,990,902 RR1 Reach Resources Ltd 0.014 -22% 0% -24% -72% $13,990,902 WMG Western Mines 0.28 -24% -33% 12% -40% $22,652,302 ENT Enterprise Metals 0.003 -25% -40% -25% -25% $2,654,163 ODE Odessa Minerals Ltd 0.003 -25% -25% -63% -79% $3,129,848 CLZ Classic Min Ltd 0.0015 -25% -63% -97% -97% $755,548 BYH Bryah Resources Ltd 0.005 -29% -38% -62% -69% $2,177,268 TKL Traka Resources 0.001 -33% 0% -50% -79% $2,625,988 TON Triton Min Ltd 0.008 -33% -27% -67% -76% $14,115,499 MHC Manhattan Corp Ltd 0.001 -33% -50% -75% -88% $4,405,470 SUM Summitminerals 0.305 -35% 33% 218% 110% $16,798,843 VIA Viagold Rare Earth 0 -100% -100% -100% -100% $166,624,808 LPI Lithium Pwr Int Ltd 0 -100% -100% -100% -100% $361,898,974 AZS Azure Minerals 0 -100% -100% -100% -100% $1,692,527,632 GSR Greenstone Resources 0 -100% -100% -100% -100% $15,761,980 ESS Essential Metals Ltd 0 -100% -100% -100% -100% $135,278,382 AVZ AVZ Minerals Ltd 0 -100% -100% -100% -100% $2,752,409,203 AKE Allkem Limited 0 -100% -100% -100% -100% $6,304,350,967 MCR Mincor Resources NL 0 -100% -100% -100% -100% $751,215,521 TMT Technology Metals 0 -100% -100% -100% -100% $67,134,856
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Weekly Small Cap Standouts
The company says assay results from deeper drilling have discovered ‘substantially’ thicker mineralisation at its Horden Lake project in Québec, Canada – including 32.1m at 1.2% CuEq.
As well as demonstrating the continuity of the wide zone of shallow open-pittable copper mineralisation, the company says the results highlight the significant Au, Ag, PGM and Co by-products never previously assayed at the project.
“These results show clearly the tremendous potential for Horden Lake to deliver substantial exploration upside, with hole 98 showing the copper zone expanding at depth with one of the best intersections on the project,” MD Ivan Fairhall said.
“Most excitingly, we couple this with very strong DHEM conductors indicating this mineralisation has continuity along strike and clearly extends at depth.
“It is important to highlight that drilling has defined high grade mineralisation to over 550m in the central zone (and still open), and we now see no reason why the southern zone cannot achieve a similar, or possibly better, result.”
The company has announced plans to kick off aircore drilling later this year at its Skeleton Lakes nickel project in WA after completing a review of historical data from previous explorers.
The data review confirmed the prospectivity of the project for nickel mineralisation, particularly within the Nicoletti Trend – which is a +7.5km long east-west trend of magnetic stratigraphy, interpreted to be ultramafic rocks.
Previous drilling by Sipa at Nicoletti returned 16m at 0.4% Ni, 287ppm Co and 1.7% Cr; and 12m at 0.3% Ni, 200ppm Co and 0.5% Cr.
The planned aircore drilling will test to the east and west of the previous Sipa drilling, with a series of north-south traverses.
Lindian says a pre-feasibility study for Stage 1 of its Kangankunde rare earths project in Malawi has returned economically viable results that show an internal rate of return of a whopping 80%, predicting the project would be one of the cheapest operations in the world.
The PFS shows a maiden ore reserve of 23.7Mt could be used to produce ~15,300tpa of concentrate with a 55% TREO grade, resulting in the sale of ~8,400tpa of rare earths oxides and ~1640tpa of NdPr.
LIN says the project now boasts a net-present value of $831m with development costs coming in at just $60m and average all in sustaining costs over the life of the mine of just US$3.7/kg ($5.5/kg).
The strong economics have also boosted the company’s confidence in a potential Stage 2 expansion that would increase annual production.
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