Aussie Federal Government aiming to fast track critical mineral mining to supply US
Aligning with US could risk our biggest export customer in China
For certain US subsidies Aussie miners need less than 25% Chinese ownership
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.
The Federal Government’s flagship Future Made in Australia Act is an effort to fast-track mining of critical minerals – elements such as cobalt and lithium, essential to the green energy transition.
It’s an A$22.7 billion packaged aimed at making Australia “an indispensable part of the global economy” according to Treasurer Jim Chalmers.
About $7 billion of the Future Made funding will go to downstream refining and processing of the 31 critical minerals we have in deposits worth mining over the medium term.
Essentially, we’ll mine and supply critical minerals for, among other nations, America, which is increasingly integrating us into its plans to reduce reliance on China. The Asian superpower dominates critical minerals such as rare earths and lithium.
But it could get a bit awkward, because we might not be able to export our wealth of critical minerals to China if tensions between the US and China force us to pick a side.
And with around 97% of our lithium exported to China, that could hit hard.
Lithium exports earned A$11.7 billion in the first half of 2023 and has now overtaken liquefied natural gas (LNG) as Australia’s second-biggest export to China by revenue, behind iron ore.
Plus, if we align closely with the US on critical minerals, we don’t just risk losing our biggest customer, we might lose their investment in our mining projects.
To quality for US government green subsidies, Australian mining companies must ensure Chinese companies or funds hold less than 25% ownership.
If you look at world’s largest hard-rock lithium mine, Greenbushes in Western Australia, it’s just over that limit, 26% owned by China’s Tianqi Lithium Energy.
And if mining companies have to reassess their relationship with Chinese companies and entities, Chinese battery giants such as CATL and BYD that have partnerships or supply deals with Australian miners may respond by shifting their sourcing.
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 PTR Petratherm Ltd 0.023 44% 21% -32% -69% $5,205,357 PNT Panthermetalsltd 0.033 43% -27% -45% -57% $2,876,483 M2R Miramar 0.01 43% 6% -54% -73% $1,973,898 FTL Firetail Resources 0.096 37% 11% 34% -4% $17,847,125 ICL Iceni Gold 0.08 36% 1% 23% -27% $21,275,362 TKL Traka Resources 0.002 33% 33% 0% -75% $1,750,659 KGD Kula Gold Limited 0.012 33% -14% -25% -43% $8,036,755 YAR Yari Minerals Ltd 0.004 33% -20% -64% -75% $1,929,431 ODE Odessa Minerals Ltd 0.004 33% 14% -56% -71% $4,173,130 MHC Manhattan Corp Ltd 0.002 33% 33% -50% -78% $5,873,960 HXG Hexagon Energy 0.013 30% -32% 8% 18% $6,667,907 AUZ Australian Mines Ltd 0.009 29% 0% 0% -74% $12,586,609 CRR Critical Resources 0.009 29% -10% -50% -82% $16,023,153 SLM Solismineralsltd 0.11 28% 11% -42% -91% $6,618,050 ALY Alchemy Resource Ltd 0.007 27% 0% -30% -50% $8,246,534 REC Rechargemetals 0.033 27% -8% -65% -91% $4,609,769 VUL Vulcan Energy 4.67 26% -7% 93% 10% $854,376,112 AOA Ausmon Resorces 0.0025 25% -17% -17% -29% $2,647,498 BMM Balkanminingandmin 0.066 25% 18% -34% -71% $4,617,633 PFE Panteraminerals 0.037 23% -26% -26% -57% $14,023,988 RVT Richmond Vanadium 0.295 23% -9% -2% -25% $26,293,381 PVT Pivotal Metals Ltd 0.023 21% 35% 5% 10% $16,194,721 ITM Itech Minerals Ltd 0.076 21% 4% -37% -70% $9,171,267 LEG Legend Mining 0.012 20% -14% -14% -70% $34,895,726 MOH Moho Resources 0.006 20% 50% -40% -50% $3,235,069 ASR Asra Minerals Ltd 0.006 20% 20% -14% -40% $12,216,476 BOA Boadicea Resources 0.025 19% 19% -26% -51% $3,083,821 HAS Hastings Tech Met 0.345 19% 41% -50% -78% $60,576,755 SRI Sipa Resources Ltd 0.019 19% 27% -27% -24% $4,335,005 BC8 Black Cat Syndicate 0.35 17% 13% 49% -3% $132,254,577 SRL Sunrise 0.46 16% -5% 2% -64% $44,437,043 CAE Cannindah Resources 0.067 16% 10% -26% -58% $38,731,357 SGQ St George Min Ltd 0.03 15% 15% -14% -40% $30,644,753 DM1 Desert Metals 0.023 15% 21% -51% -62% $5,839,365 TEM Tempest Minerals 0.008 14% -11% 5% -44% $4,152,995 THR Thor Energy PLC 0.016 14% 0% -45% -64% $3,760,392 SCN Scorpion Minerals 0.017 13% -6% -47% -79% $6,960,755 TKM Trek Metals Ltd 0.034 13% 3% -13% -69% $17,971,550 AS2 Askarimetalslimited 0.044 13% -21% -74% -86% $4,298,399 ABX ABX Group Limited 0.053 13% 2% -25% -47% $13,252,137 POS Poseidon Nick Ltd 0.0045 13% -25% -55% -89% $16,710,906 JRV Jervois Global Ltd 0.019 12% 27% -49% -67% $51,352,512 S2R S2 Resources 0.105 12% -16% -32% -34% $47,550,089 BCA Black Canyon Limited 0.087 12% -17% -38% -47% $6,102,307 EVG Evion Group NL 0.02 11% 0% -35% -43% $6,939,184 REE Rarex Limited 0.015 11% 15% -44% -62% $11,851,973 VTM Victory Metals Ltd 0.355 11% 27% 73% 42% $32,930,969 AR3 Austrare 0.088 10% -16% -39% -73% $13,097,439 EVR Ev Resources Ltd 0.0055 10% -21% -50% -58% $6,606,357 ASO Aston Minerals Ltd 0.011 10% -15% -52% -85% $14,245,707 ARU Arafura Rare Earths 0.1975 10% 10% 27% -42% $462,060,438 DRE Dreadnought Resources Ltd 0.023 10% 15% -15% -58% $80,800,678 ENV Enova Mining Limited 0.012 9% -29% -43% 140% $12,453,082 ANX Anax Metals Ltd 0.025 9% -31% -17% -63% $17,282,927 RON Roninresourcesltd 0.125 9% 0% -31% -22% $4,603,126 ASN Anson Resources Ltd 0.13 8% 13% 13% -19% $161,316,026 JLL Jindalee Lithium Ltd 0.335 8% -29% -65% -82% $20,264,189 RXL Rox Resources 0.14 8% -13% -22% -51% $57,013,913 KTA Krakatoa Resources 0.014 8% -7% -61% -66% $6,609,501 NVA Nova Minerals Ltd 0.215 8% 5% -39% -38% $46,237,229 ASM Ausstratmaterials 0.845 7% -6% -30% -29% $154,869,192 AXE Archer Materials 0.39 7% 4% -3% -30% $98,116,100 NWC New World Resources 0.032 7% -14% -27% 3% $90,739,682 LU7 Lithium Universe Ltd 0.016 7% -6% -50% -47% $9,502,617 MMC Mitremining 0.84 6% 14% 250% 180% $97,956,315 IG6 Internationalgraphit 0.09 6% 0% -38% -49% $18,194,483 EUR European Lithium Ltd 0.057 6% 4% -34% -43% $79,692,990 CXO Core Lithium 0.096 5% -9% -49% -90% $213,693,554 AZL Arizona Lithium Ltd 0.02 5% -9% -33% -44% $85,002,476 MLS Metals Australia 0.02 5% -9% -41% -43% $14,147,390 MTM MTM Critical Metals 0.041 5% -2% -63% -63% $10,682,060 BNR Bulletin Res Ltd 0.044 5% 2% -69% -31% $13,212,600 COB Cobalt Blue Ltd 0.091 5% 8% -59% -71% $38,378,487 KNI Kunikolimited 0.23 5% 5% -25% -57% $19,956,932 WIN WIN Metals 0.024 4% -33% -72% -89% $7,659,745 MIN Mineral Resources. 57.3 4% -17% -15% -15% $11,069,892,963 LYC Lynas Rare Earths 6.42 4% -4% -2% -9% $5,954,154,838 MRC Mineral Commodities 0.025 4% 4% -24% -51% $24,611,815 VHM Vhmlimited 0.5 4% 6% -30% -26% $72,474,131 ADV Ardiden Ltd 0.13 4% -10% -30% -62% $8,439,863 FG1 Flynngold 0.026 4% -7% -44% -43% $5,345,439 PNN Power Minerals Ltd 0.135 4% -7% -34% -64% $13,014,705 FGR First Graphene Ltd 0.055 4% 2% -19% -26% $34,940,341 DLI Delta Lithium 0.275 4% 8% -21% -69% $189,052,893 VR8 Vanadium Resources 0.057 4% -3% 14% -19% $31,507,011 KOB Kobaresourceslimited 0.145 4% -3% 107% -6% $23,784,242 PLL Piedmont Lithium Inc 0.15 3% -19% -60% -83% $64,640,394 LTR Liontown Resources 0.92 3% -21% -40% -66% $2,182,504,392 LLI Loyal Lithium Ltd 0.155 3% -18% -61% -52% $14,517,290 NIC Nickel Industries 0.83 3% -12% 25% -4% $3,471,506,003 QPM Queensland Pacific 0.035 3% 6% -31% -65% $85,708,847 MEK Meeka Metals Limited 0.035 3% 3% -5% -8% $40,745,395 PEK Peak Rare Earths Ltd 0.195 3% -24% -47% -62% $51,858,643 PEK Peak Rare Earths Ltd 0.195 3% -24% -47% -62% $51,858,643 LKE Lake Resources 0.041 3% -27% -66% -86% $66,740,833 MLX Metals X Limited 0.43 2% 0% 56% 41% $394,203,989 CY5 Cygnus Metals Ltd 0.043 2% -14% -66% -85% $12,614,443 CWX Carawine Resources 0.088 2% -16% -16% -36% $20,779,040 CTM Centaurus Metals Ltd 0.46 2% 6% -8% -49% $210,876,785 ZNC Zenith Minerals Ltd 0.049 2% -18% -64% -46% $16,914,282 CNB Carnaby Resource Ltd 0.5 2% -7% -31% -55% $88,547,682 ILU Iluka Resources 6.79 2% -6% 8% -39% $2,832,923,279 LTM Arcadium Lithium PLC 5.03 2% -22% -52% 0% $1,825,862,953 IPX Iperionx Limited 2.21 1% -1% 57% 101% $576,228,260 KZR Kalamazoo Resources 0.078 1% -19% -35% -35% $14,389,346 BHP BHP Group Limited 43.83 1% -2% -10% 1% $220,510,159,923 PVW PVW Res Ltd 0.021 0% -9% -52% -76% $2,129,500 INF Infinity Lithium 0.051 0% -6% -47% -54% $23,592,197 QXR Qx Resources Limited 0.006 0% -33% -73% -76% $6,660,467 RIL Redivium Limited 0.003 0% -25% -50% -75% $8,192,564 LPD Lepidico Ltd 0.002 0% 0% -74% -81% $25,767,358 MRD Mount Ridley Mines 0.001 0% 0% -50% -60% $7,784,883 CZN Corazon Ltd 0.005 0% -38% -69% -67% $3,339,528 DEV Devex Resources Ltd 0.3 0% -20% 7% 11% $134,563,155 INR Ioneer Ltd 0.14 0% -20% 0% -56% $327,239,682 MNS Magnis Energy Tech 0.042 0% 0% 0% -73% $50,378,922 0 0% 0% 0% 0% BKT Black Rock Mining 0.059 0% 0% -27% -46% $72,576,476 ESR Estrella Res Ltd 0.004 0% -20% -33% -50% $7,037,487 GLN Galan Lithium Ltd 0.17 0% -19% -75% -81% $78,200,759 VRC Volt Resources Ltd 0.004 0% 0% -33% -62% $16,634,713 GED Golden Deeps 0.035 0% -29% -22% -68% $4,043,282 PGM Platina Resources 0.028 0% 22% 40% 8% $17,449,049 IXR Ionic Rare Earths 0.011 0% -15% -50% -52% $53,144,312 PAN Panoramic Resources 0.035 0% 0% 0% -64% $103,937,992 PRL Province Resources 0.041 0% 0% 0% 0% $48,441,219 IPT Impact Minerals 0.015 0% -21% 25% 7% $45,891,506 LIT Lithium Australia 0.018 0% -31% -38% -42% $23,223,542 ARN Aldoro Resources 0.072 0% 16% -28% -45% $9,692,909 VML Vital Metals Limited 0.003 0% -14% -50% -71% $17,685,201 RNU Renascor Res Ltd 0.087 0% -13% -24% -55% $223,642,364 0 0% 0% 0% 0% FFX Firefinch Ltd 0.2 0% 0% 0% 0% $236,569,315 EGR Ecograf Limited 0.115 0% -21% -21% -32% $59,024,136 ATM Aneka Tambang 1.07 0% 0% -9% -3% $1,394,904 RMX Red Mount Min Ltd 0.001 0% 0% -62% -71% $3,423,577 AQD Ausquest Limited 0.013 0% -19% 30% -13% $10,726,940 LML Lincoln Minerals 0.006 0% -14% 0% -57% $12,337,129 PUR Pursuit Minerals 0.003 0% -25% -65% -79% $10,906,200 AML Aeon Metals Ltd. 0.006 0% -20% -33% -64% $5,482,003 G88 Golden Mile Res Ltd 0.011 0% -8% -42% -81% $4,523,451 TON Triton Min Ltd 0.011 0% 0% -50% -66% $17,252,276 VMC Venus Metals Cor Ltd 0.07 0% -15% -30% -53% $13,281,008 CNJ Conico Ltd 0.001 0% 0% -78% -86% $2,201,528 MRR Minrex Resources Ltd 0.009 0% -10% -36% -50% $9,763,808 EFE Eastern Resources 0.005 0% -29% -44% -55% $6,209,732 BYH Bryah Resources Ltd 0.005 0% -38% -67% -67% $2,516,434 DTM Dart Mining NL 0.02 0% -13% 25% -48% $5,427,090 EMS Eastern Metals 0.03 0% -19% -17% -52% $2,964,787 GSM Golden State Mining 0.01 0% 11% -23% -76% $2,793,706 CTN Catalina Resources 0.003 0% -14% -25% 0% $3,096,217 EMC Everest Metals Corp 0.14 0% 17% 73% -33% $22,999,635 WML Woomera Mining Ltd 0.003 0% -14% -89% -77% $3,654,417 LMG Latrobe Magnesium 0.046 0% 2% -20% -14% $100,823,855 NC1 Nicoresourceslimited 0.14 0% 8% -55% -72% $15,323,081 S32 South32 Limited 3.71 0% -4% 13% 1% $16,758,256,702 E25 Element 25 Ltd 0.225 0% -13% -44% -60% $48,380,728 ENT Enterprise Metals 0.003 0% 0% -25% -40% $2,654,163 RBX Resource B 0.034 0% -3% -53% -81% $2,811,272 AKN Auking Mining Ltd 0.019 0% -10% -57% -66% $5,041,720 EMT Emetals Limited 0.004 0% -20% -43% -56% $3,400,000 AVW Avira Resources Ltd 0.001 0% 0% -50% -50% $2,938,790 CAI Calidus Resources 0.115 0% -4% -45% -39% $93,678,206 NWM Norwest Minerals 0.032 0% 14% 0% -45% $12,419,824 PGD Peregrine Gold 0.19 0% -24% -34% -40% $13,575,684 RAS Ragusa Minerals Ltd 0.016 0% -11% -50% -76% $2,281,581 LNR Lanthanein Resources 0.004 0% -20% -64% -78% $9,774,545 CLZ Classic Min Ltd 0.001 0% -71% -98% -98% $1,616,730 XTC XTC Lithium Limited 0.2 0% 19900% 19900% -17% $17,528,272 IDA Indiana Resources 0.085 0% 10% 0% 98% $53,921,558 WCN White Cliff Min Ltd 0.015 0% -21% 67% 114% $22,741,424 TAR Taruga Minerals 0.007 0% 17% -42% -42% $4,942,187 LNR Lanthanein Resources 0.004 0% -20% -64% -78% $9,774,545 PBL Parabellumresources 0.039 0% -11% -35% -89% $2,429,700 L1M Lightning Minerals 0.069 0% -22% -45% -59% $6,326,565 OM1 Omnia Metals Group 0.078 0% 0% 0% -66% $4,550,568 LLL Leolithiumlimited 0.505 0% 0% 0% -55% $605,079,142 FIN FIN Resources Ltd 0.007 0% -30% -63% -53% $4,544,881 LM1 Leeuwin Metals Ltd 0.051 0% -15% -64% -88% $2,389,435 HAW Hawthorn Resources 0.06 0% -14% -43% -59% $20,100,937 WA1 Wa1Resourcesltd 19.39 0% 18% 49% 251% $1,245,128,189 A11 Atlantic Lithium 0.37 -1% -16% -6% -28% $246,874,240 IGO IGO Limited 5.78 -1% -16% -32% -62% $4,316,426,534 LOT Lotus Resources Ltd 0.325 -2% -20% 10% 86% $595,145,234 DVP Develop Global Ltd 2.115 -2% -5% -21% -36% $557,395,735 AGY Argosy Minerals Ltd 0.0885 -2% -20% -32% -78% $128,121,042 EMH European Metals Hldg 0.275 -2% -24% -21% -68% $57,047,294 GL1 Globallith 0.265 -2% -21% -72% -84% $68,970,304 OCN Oceanalithiumlimited 0.038 -3% -16% -62% -89% $2,969,928 LEL Lithenergy 0.37 -3% -9% -33% -55% $41,440,581 GT1 Greentechnology 0.074 -3% -3% -72% -89% $23,809,655 NTU Northern Min Ltd 0.034 -3% -28% 13% -3% $200,973,294 PLS Pilbara Min Ltd 2.985 -3% -18% -21% -39% $8,908,774,048 BM8 Battery Age Minerals 0.155 -3% -6% -24% -71% $15,814,104 ARR American Rare Earths 0.29 -3% 16% 93% 87% $143,092,757 DYM Dynamicmetalslimited 0.145 -3% -6% -6% -53% $5,220,000 TOR Torque Met 0.13 -4% -41% -41% -16% $22,008,456 BUX Buxton Resources Ltd 0.075 -4% -1% -55% -53% $16,117,274 GW1 Greenwing Resources 0.048 -4% -23% -63% -80% $8,700,071 MHK Metalhawk. 0.048 -4% -11% -58% -62% $4,832,160 A8G Australasian Metals 0.07 -4% -13% -53% -50% $3,648,435 LRV Larvottoresources 0.115 -4% 35% 67% 5% $28,843,339 TLG Talga Group Ltd 0.57 -4% -2% -19% -59% $212,662,336 WKT Walkabout Resources 0.11 -4% -4% -19% 12% $75,516,913 ETM Energy Transition 0.022 -4% -27% -46% -51% $30,897,396 SYA Sayona Mining Ltd 0.0325 -4% -17% -43% -82% $339,678,768 SRZ Stellar Resources 0.021 -5% 11% 163% 62% $39,805,912 PMT Patriotbatterymetals 0.51 -5% -33% -49% -69% $317,764,598 IMI Infinitymining 0.02 -5% -33% -83% -87% $2,375,068 WR1 Winsome Resources 0.695 -5% -34% -22% -61% $151,433,935 GAL Galileo Mining Ltd 0.195 -5% -26% -24% -70% $39,524,985 VMS Venture Minerals 0.019 -5% -24% 171% 36% $46,344,451 GBR Greatbould Resources 0.055 -5% -8% -18% -30% $33,344,087 AXN Alliance Nickel Ltd 0.036 -5% -5% -16% -64% $26,130,226 RAG Ragnar Metals Ltd 0.018 -5% 6% -22% -28% $8,531,657 KAI Kairos Minerals Ltd 0.009 -5% 0% -36% -71% $23,588,210 FBM Future Battery 0.035 -5% -10% -48% -70% $18,543,726 AZI Altamin Limited 0.035 -5% -5% -40% -54% $15,798,565 NVX Novonix Limited 0.69 -5% -2% 5% -27% $334,967,695 OMH OM Holdings Limited 0.4225 -6% -8% -18% -20% $333,321,708 AVL Aust Vanadium Ltd 0.015 -6% -6% -35% -56% $129,157,547 CMX Chemxmaterials 0.045 -6% -6% -47% -36% $5,716,004 RR1 Reach Resources Ltd 0.015 -6% 25% -18% -67% $13,116,470 RR1 Reach Resources Ltd 0.015 -6% 25% -18% -67% $13,116,470 M24 Mamba Exploration 0.015 -6% -25% -76% -80% $2,761,234 MEI Meteoric Resources 0.15 -6% -19% -48% -39% $308,468,576 KM1 Kalimetalslimited 0.225 -6% -39% -48% 0% $18,703,813 MAN Mandrake Res Ltd 0.028 -7% -10% -28% -35% $17,269,278 EMN Euromanganese 0.07 -7% -11% -23% -67% $15,699,559 CMO Cosmometalslimited 0.041 -7% -11% -31% -45% $5,254,416 NMT Neometals Ltd 0.081 -7% -26% -55% -83% $51,104,977 LCY Legacy Iron Ore 0.013 -7% -13% -24% -35% $100,276,127 WMG Western Mines 0.32 -7% -22% 31% -33% $25,888,345 LRS Latin Resources Ltd 0.1575 -7% -33% -30% -55% $447,907,114 BSX Blackstone Ltd 0.045 -8% -15% -35% -62% $23,639,450 NKL Nickelxltd 0.022 -8% -4% -52% -70% $1,931,934 MQR Marquee Resource Ltd 0.011 -8% -15% -59% -72% $4,547,228 ARL Ardea Resources Ltd 0.455 -9% -21% -4% -27% $93,850,970 WC8 Wildcat Resources 0.285 -10% -21% -58% 84% $349,903,646 GRE Greentechmetals 0.14 -10% -26% -65% -76% $11,631,197 BUR Burleyminerals 0.14 -10% 12% -7% -24% $21,051,932 QEM QEM Limited 0.135 -10% -10% -29% -34% $20,437,881 SYR Syrah Resources 0.315 -10% -28% -43% -64% $331,165,365 STM Sunstone Metals Ltd 0.009 -10% -18% -36% -65% $34,544,405 SYR Syrah Resources 0.315 -10% -28% -43% -64% $331,165,365 WSR Westar Resources 0.009 -10% 0% -47% -80% $2,340,578 1AE Auroraenergymetals 0.061 -10% -21% -47% 5% $11,101,952 PSC Prospect Res Ltd 0.13 -10% -16% 48% -7% $67,015,184 SLZ Sultan Resources Ltd 0.008 -11% -20% -57% -82% $1,580,692 CDT Castle Minerals 0.004 -11% -27% -50% -69% $5,311,305 TMB Tambourahmetals 0.051 -11% -30% -54% -76% $4,229,958 HRE Heavy Rare Earths 0.031 -11% 11% -52% -67% $1,935,614 WC1 Westcobarmetals 0.031 -11% -31% -56% -68% $4,035,911 CHR Charger Metals 0.061 -12% -24% -63% -83% $4,800,056 STK Strickland Metals 0.097 -12% -22% -19% 162% $218,941,474 ADD Adavale Resource Ltd 0.0035 -13% -30% -50% -87% $4,261,061 KOR Korab Resources 0.007 -13% 17% -56% -70% $2,569,350 FRB Firebird Metals 0.14 -13% -13% 4% 56% $19,930,596 JMS Jupiter Mines. 0.2625 -13% -18% 50% 31% $509,601,383 LPM Lithium Plus 0.14 -13% -3% -56% -57% $18,527,600 SRN Surefire Rescs NL 0.007 -13% -13% -22% -50% $15,890,463 TMX Terrain Minerals 0.0035 -13% 17% -13% -46% $5,010,847 LIN Lindian Resources 0.135 -13% 23% -13% -67% $161,409,113 CLA Celsius Resource Ltd 0.013 -13% 18% 8% -46% $33,990,778 KFM Kingfisher Mining 0.057 -14% -16% -62% -80% $3,115,470 PAT Patriot Lithium 0.05 -14% -18% -72% -81% $5,174,023 EG1 Evergreenlithium 0.061 -14% -24% -64% -82% $3,430,030 SUM Summitminerals 0.295 -14% 0% 204% 84% $18,354,292 GRL Godolphin Resources 0.017 -15% -32% -58% -66% $3,850,042 AAJ Aruma Resources Ltd 0.011 -15% -31% -58% -75% $2,165,807 OD6 Od6Metalsltd 0.038 -16% -37% -73% -83% $4,890,227 AM7 Arcadia Minerals 0.035 -17% -36% -49% -73% $4,096,754 RGL Riversgold 0.005 -17% -29% -58% -69% $6,652,673 SBR Sabre Resources 0.014 -18% -18% -53% -67% $6,287,391 EV1 Evolutionenergy 0.028 -18% -32% -78% -84% $8,827,100 CHN Chalice Mining Ltd 1.295 -18% -21% -1% -78% $501,762,662 TVN Tivan Limited 0.06 -18% 0% -5% -18% $108,543,178 1MCDA Morella Corporation 0.05 -20% 0% -60% -75% $10,627,535 GCM Green Critical Min 0.004 -20% 33% -56% -75% $4,546,340 FRS Forrestaniaresources 0.03 -23% -38% 0% -73% $5,177,144 RLC Reedy Lagoon Corp. 0.003 -25% -25% -40% -56% $1,858,622 PAM Pan Asia Metals 0.115 -28% -28% -28% -53% $23,189,793 AX8 Accelerate Resources 0.025 -31% -55% -38% 14% $15,518,848 LSR Lodestar Minerals 0.001 -33% -38% -64% -75% $2,023,397 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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This lithium player has reported outstanding results from the current phase of metallurgical test work (bulk testing) on ore from the Mavis Lake project in Ontario, Canada.
Results have achieved a 30% increase in feed grade, and a 30% increase in lithia grades from 1% Li2O in sorter feed to 1.30% Li2O in sorter product.
Plus, iron was effectively reduced from 7.52% Fe2O3 in sorter feed to 0.49% Fe2O3 in sorter product.
The company says removing iron bearing minerals early in the beneficiation flowsheet, the performance of both dense medium separation (DMS) and flotation processes can be optimised.
This facilitates higher plant throughout rates, increased spodumene recoveries and an improved spodumene concentrate quality.
A first pass geochemical program at the Cinto project in Peru has returned assays of up to 7.14% Cu with mineralisation mapped over a 200m x 100m area in historical workings associated with significant alteration and structural deformation.
I am most excited about the geochemical signature we are seeing which demonstrates that copper mineralisation is present with associated metals in very similar corresponding concentrations to the mineralisation present at the massive Toquepala deposit, potentially indicating that the mineralisation at surface is located in close proximity to a large porphyry system,” executive director Matthew Boyes said.
Drone magnetometer and follow-up geological mapping is now underway to guide drill permitting.
The company has also finalised an access agreement with local Carumbraya community at the Cinto Project and initiated systematic mapping and sampling of outcropping copper mineralisation.
Recharge Metals says a recent technical review by highly regarded geologist Dr Steve Beresford of its Brandy Hill South project in the WA has proposed a new model for copper mineralisation.
Previous exploration which returned results including 33m at 0.97% Cu from 59m, supports evidence of a porphyry copper system at Brandy Hill South, which is well preserved compared to similar deposits in WA.
The company has now engaged a contractor to carry out a small, low-cost orientation IP survey to trial its effectiveness at Brandy Hill South.
“Dr Steve Beresford’s technical review arose from our desire to put new eyes on Brandy Hill South while our recent focus was on critical and strategic minerals in North America,” MD Felicity Repacholi said.
“We are encouraged by Steve’s observations and findings, which has provided a relatively simple low-cost work program to advance the project. Copper is one of the key commodities in the global energy transition yet there are relatively few new projects which have emerged in recent times.
“Should exploration be successful, we anticipate substantial interest in Brandy Hill South going forward.”
Managing director Rob Longley has resigned “to allow new management to take the company forward into its next phase.”
The company’s flagship Mt Stirling gold project in WA hosts +20 gold prospects and also shows significant potential for REE and critical minerals including scandium.
Asra also holds the Kookynie West project, a largely underexplored site showing gold, lithium and REE potential, along with two lithium-focused exploration projects in the southern Yilgarn area of WA at Lake Johnston and Lake Cowan, located in highly prospective ground between operating lithium mines at Earl Grey and Bald Hill.
“Rob is leaving the company in a strong position with a highly prospective exploration gold project, no debt, a well credentialled exploration team, and in a well-funded position,” executive chairman Paul Summers said.
“In addition to a large gold portfolio in the Goldfields, Asra also has the strategically located and valuable Tarmoola pastoral lease ownership at its disposal, to contribute to shareholders value and reduce further dilution.”
Hastings Technology Metals (ASX:HAS)
The company has secured a strategic investor in the world’s leading producer of rare earths permanent magnets, JL Mag Rare-Earth Co via its wholly-owned subsidiary JL Mag Green Tech (Hong Kong).
Hong Kong Stock Exchange listed JL Mag has a market capitalisation of HK$16.4 billion / A$3.1 billion and is the world’s number one producer of high-performance rare earth permanent magnets by volume and is also widely acknowledged as the world leader in the application of Grain Boundary Diffusion technology for magnets.
JL Mag will make a $7 million investment in Hastings (19.6 million shares at $0.36 per share) for a 9.8% stake.
Plus, JL Mag vice president Han Yu will join the board.
Hastings will use the investment proceeds to advance the flagship Yangibana rare earths project in WA towards production, of which 32% of total project cost has been completed.
“JL Mag’s position as the world’s number one producer of high-performance rare earths permanent magnets makes it a highly valued partner for Hastings as we move the Yangibana Rare Earths Project forward into production,” HAS executive chairman Charles Lew said.
“This year has seen significant cost reductions and improved economics at the Yangibana project.
“To be able to attract support from JL Mag is a strong vote of confidence in the management of Hastings and our long-term prospects.
“We will continue to advance the Yangibana Project into beneficiation process plant construction and production and create long-term value for our shareholders.”
At Stockhead we tell it like it is. While Recharge Metals is a Stockhead advertiser, it did not sponsor this article.
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