Eye on Lithium: Flynn Gold flies on Mt Dove action; TG Metals likes Mondays

Estimated read time 11 min read

Flynn Gold is amping up its Pilbara white gold hunt
As is Morella Corporation
And TG Metals leads the lithium love on Monday

Lithium roundup, Monday November 20.

What’s surging right now in ASX lithium land? (Circa 3pm-ish of a Monday afternoon…)

 

Charged up

TG Metals (ASX:TG6) +25%

NickelSearch (ASX:NIS) +20% 

Arizona Lithium (ASX:AZL) +15% 

Accelerate Resources (ASX:AX8) +13%

Torque Metals (ASX:TOR) +12% 

 

ASX lithium form guide:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop. (Note: figures accurate per ASX at 3pm.) 

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CODE COMPANY PRICE DAILY RTN % 1 WEEK % 1 MTH % YTD % MARKET CAP ADV Ardiden Ltd 0.005 0% 0% -17% 0% $13,441,677 AGY Argosy Minerals Ltd 0.145 -3% -9% -26% -43% $210,661,125 1MC Morella Corporation 0.0065 8% -7% 8% -1% $36,981,556 AML Aeon Metals Ltd. 0.009 0% 0% -36% -2% $9,867,606 ASN Anson Resources Ltd 0.155 -6% -3% 11% -3% $212,146,963 AVZ AVZ Minerals Ltd 0.78 0% 0% 0% 0% $2,752,409,203 CXO Core Lithium 0.3675 -3% 1% 2% -66% $812,035,507 EMH European Metals Hldg 0.605 1% -3% -2% -4% $76,124,232 ESS Essential Metals Ltd 0 0% -100% -100% -33% $135,278,382 EUR European Lithium Ltd 0.08 0% 11% 16% 1% $111,539,134 GLN Galan Lithium Ltd 0.665 -6% 14% -8% -41% $249,021,707 INF Infinity Lithium 0.115 0% 35% 28% -1% $53,198,091 INR Ioneer Ltd 0.15 -9% -6% -17% -23% $348,383,004 JRL Jindalee Resources 1.07 2% 0% -21% -82% $63,330,873 LIT Lithium Australia 0.033 0% -3% 6% -1% $40,332,325 LKE Lake Resources 0.1625 -2% -4% -12% -64% $234,703,377 LPD Lepidico Ltd 0.009 0% -10% -18% -1% $68,744,772 LPI Lithium Pwr Int Ltd 0.53 -1% 1% 28% 9% $340,272,554 LTR Liontown Resources 1.4675 -1% -2% -47% 15% $3,561,485,039 MIN Mineral Resources. 63.77 0% 9% 0% -1343% $12,386,530,721 MLS Metals Australia 0.039 3% 5% 18% -1% $23,713,375 AKE Allkem Limited 8.91 3% -1% -24% -233% $5,555,702,036 PLL Piedmont Lithium Inc 0.425 1% 1% -21% -22% $154,407,456 PLS Pilbara Min Ltd 3.57 0% 2% -12% -18% $10,713,687,070 QPM Queensland Pacific 0.057 -2% 4% -9% -5% $116,727,338 PSC Prospect Res Ltd 0.1 1% 4% 35% -2% $45,869,864 RLC Reedy Lagoon Corp. 0.006 0% 20% 0% 0% $3,700,102 SYA Sayona Mining Ltd 0.0765 -3% -6% -11% -11% $813,170,385 TKL Traka Resources 0.004 0% 0% -20% 0% $3,501,317 TON Triton Min Ltd 0.025 0% 0% 19% -1% $39,033,990 VUL Vulcan Energy 2.45 -4% 2% -6% -388% $427,571,665 GL1 Globallith 1.24 -2% 1% -13% -61% $328,821,822 BMM Balkanminingandmin 0.175 -3% 25% 25% -16% $12,385,291 LEL Lithenergy 0.57 2% -5% 4% -20% $57,685,600 ARN Aldoro Resources 0.086 0% 4% -4% -7% $11,577,642 NMT Neometals Ltd 0.24 -8% -4% -24% -56% $143,860,064 IGO IGO Limited 8.985 1% 0% -23% -448% $6,739,683,536 AAJ Aruma Resources Ltd 0.037 0% 9% 19% -2% $7,284,986 PAM Pan Asia Metals 0.155 0% 3% -21% -26% $25,888,322 AX8 Accelerate Resources 0.06 13% 22% 88% 4% $25,016,116 AM7 Arcadia Minerals 0.09 0% 1% -14% -12% $9,814,509 AS2 Askarimetalslimited 0.185 0% 6% -3% -25% $14,254,289 BYH Bryah Resources Ltd 0.02 0% -5% 43% -1% $7,172,106 EMS Eastern Metals 0.04 0% 43% 29% -3% $3,297,050 FG1 Flynngold 0.079 10% -11% 32% -2% $9,819,546 FRS Forrestaniaresources 0.028 0% -7% -10% -11% $4,296,671 GSM Golden State Mining 0.022 -8% -12% -41% -2% $4,586,119 IMI Infinitymining 0.14 8% 17% 8% -14% $10,121,763 LRV Larvottoresources 0.11 -8% 5% -12% -5% $8,070,567 MMC Mitremining 0.25 4% 19% 9% -3% $10,884,024 RAG Ragnar Metals Ltd 0.024 0% 4% -4% 1% $11,375,543 CTN Catalina Resources 0.004 0% 14% 33% -1% $4,953,948 TMB Tambourahmetals 0.125 4% -19% -4% 2% $9,952,842 TEM Tempest Minerals 0.009 0% -10% 13% -1% $4,602,451 EMC Everest Metals Corp 0.092 -6% 6% -20% 1% $16,001,745 WCN White Cliff Min Ltd 0.012 0% 4% 9% 0% $15,084,223 WML Woomera Mining Ltd 0.026 -7% 4% 160% 1% $33,423,448 AZL Arizona Lithium Ltd 0.055 15% 53% 293% -1% $159,301,729 CRR Critical Resources 0.028 -3% -18% -15% -2% $51,557,658 KGD Kula Gold Limited 0.029 0% 123% 142% 0% $10,823,146 LRS Latin Resources Ltd 0.2 -7% -17% -25% 10% $596,088,833 PNN Power Minerals Ltd 0.25 -4% 0% 0% -28% $22,403,206 WR1 Winsome Resources 1.155 -3% -7% -5% -8% $211,338,102 KZR Kalamazoo Resources 0.11 -4% 0% 12% -10% $19,707,489 MTM MTM Critical Metals 0.026 -4% 13% -13% -5% $2,682,101 QXR Qx Resources Limited 0.028 0% 0% 17% -1% $30,960,380 SCN Scorpion Minerals 0.053 4% -5% -5% -2% $17,682,016 AZI Altamin Limited 0.055 -4% -8% -11% -2% $22,327,855 ENT Enterprise Metals 0.004 0% 0% 33% -1% $3,197,884 KAI Kairos Minerals Ltd 0.016 -6% 0% -20% 0% $44,555,507 STM Sunstone Metals Ltd 0.016 0% -11% 23% -2% $49,311,758 PGD Peregrine Gold 0.28 0% -7% 19% -11% $15,807,848 AVW Avira Resources Ltd 0.002 0% 0% 33% 0% $4,267,580 NVA Nova Minerals Ltd 0.26 8% -4% -7% -42% $50,613,591 GT1 Greentechnology 0.4 0% -2% -14% -43% $110,458,317 BNR Bulletin Res Ltd 0.16 -6% 0% 45% 7% $49,910,487 CAI Calidus Resources 0.1775 -1% 4% 31% -9% $109,842,661 MRR Minrex Resources Ltd 0.022 -12% 47% 29% -1% $27,121,688 A8G Australasian Metals 0.17 -8% -6% -13% -2% $9,642,291 EFE Eastern Resources 0.011 10% -8% 22% -2% $12,419,465 MQR Marquee Resource Ltd 0.032 -6% 0% 19% -1% $14,055,069 SRZ Stellar Resources 0.009 0% 0% -18% 0% $9,883,678 LSR Lodestar Minerals 0.004 0% -11% -20% 0% $8,093,589 NWM Norwest Minerals 0.033 6% 0% 0% -2% $8,914,655 AOA Ausmon Resorces 0.003 0% 20% 0% 0% $3,020,998 VKA Viking Mines Ltd 0.011 0% 10% 5% 0% $11,277,843 IPT Impact Minerals 0.011 0% -15% 10% 0% $31,511,743 SRI Sipa Resources Ltd 0.021 0% 0% -19% -1% $4,791,321 VMC Venus Metals Cor Ltd 0.105 0% 0% 0% 3% $19,921,512 RGL Riversgold 0.011 -4% 22% -8% -2% $10,939,507 ZNC Zenith Minerals Ltd 0.165 -3% 0% 81% -10% $59,904,750 RAS Ragusa Minerals Ltd 0.054 0% 10% 42% -6% $7,700,334 G88 Golden Mile Res Ltd 0.024 0% -8% 26% 0% $7,905,348 EPM Eclipse Metals 0.008 -11% -20% -33% -1% $18,394,238 EVR Ev Resources Ltd 0.012 0% 20% 0% 0% $11,337,358 WC8 Wildcat Resources 0.83 2% 4% 75% 81% $967,871,398 MNS Magnis Energy Tech 0.058 -3% 18% -22% -31% $71,969,889 RIO Rio Tinto Limited 124.7 -1% 4% 6% 829% $46,632,180,803 THR Thor Energy PLC 0.027 -4% 8% 17% -3% $5,221,784 YAR Yari Minerals Ltd 0.014 -13% -13% 0% 0% $7,717,725 MXR Maximus Resources 0.045 -8% 2% 41% 1% $15,709,683 DRE Dreadnought Resources Ltd 0.032 -3% -9% -27% -7% $114,079,195 MM1 Midasmineralsltd 0.155 3% -3% -11% -5% $13,012,087 M2R Miramar 0.024 0% 9% -45% -5% $3,572,869 LLI Loyal Lithium Ltd 0.435 0% 5% -16% 14% $35,418,186 LRD Lordresourceslimited 0.077 0% 12% 15% -9% $2,859,173 WMC Wiluna Mining Corp 0.205 0% 0% 0% 0% $74,238,031 AUN Aurumin 0.021 0% -9% -19% -4% $6,687,305 ZEO Zeotech Limited 0.042 -11% -19% -16% -1% $81,235,884 ALY Alchemy Resource Ltd 0.01 0% -9% -9% -1% $11,780,763 LIS Lisenergylimited 0.2175 -1% 4% -1% -10% $140,844,051 GW1 Greenwing Resources 0.14 -7% 4% 17% -14% $26,137,722 KTA Krakatoa Resources 0.042 -2% 24% 147% 0% $18,700,610 TYX Tyranna Res Ltd 0.017 0% 6% 6% -1% $55,869,231 DAF Discovery Alaska Ltd 0.016 0% -11% -20% -2% $3,747,755 FTL Firetail Resources 0.098 -1% -1% 4% -6% $14,741,650 IR1 Irismetals 1.47 1% -5% -11% 31% $176,080,724 LNR Lanthanein Resources 0.007 -13% 0% 0% -1% $8,972,605 DAL Dalaroometalsltd 0.032 0% -11% -38% -7% $2,611,200 TKM Trek Metals Ltd 0.046 -8% -6% 44% -3% $24,882,004 CY5 Cygnus Metals Ltd 0.155 -3% 0% 11% -23% $46,406,822 TUL Tulla Resources 0 0% -100% -100% -33% $118,262,971 WES Wesfarmers Limited 53.2 0% 0% 1% 729% $60,111,395,628 LLL Leolithiumlimited 0.505 0% 0% 0% 2% $498,553,663 OCN Oceanalithiumlimited 0.15 -9% 25% -3% -20% $8,757,623 A11 Atlantic Lithium 0.515 -3% 29% 8% -11% $324,488,080 CMD Cassius Mining Ltd 0.035 0% 13% -13% 2% $17,385,487 VSR Voltaic Strategic 0.02 -9% 0% -13% 0% $10,628,286 SGQ St George Min Ltd 0.034 -11% -11% -17% -3% $35,865,849 LLO Lion One Metals Ltd 0.97 -3% -2% -8% -20% $14,688,840 PAT Patriot Lithium 0.215 5% 2% 23% -5% $14,046,012 PL3 Patagonia Lithium 0.14 0% 8% -7% 0% $6,860,490 BUR Burleyminerals 0.175 0% -19% 6% -5% $17,726,932 CHR Charger Metals 0.285 -25% -14% 97% -16% $23,603,460 RMX Red Mount Min Ltd 0.004 0% -20% -11% 0% $10,694,304 DLI Delta Lithium 0.475 -2% -6% -31% 1% $258,875,842 LM1 Leeuwin Metals Ltd 0.21 -5% -21% -30% 0% $9,852,700 ENT Enterprise Metals 0.004 0% 0% 33% -1% $3,197,884 FIN FIN Resources Ltd 0.03 -3% -3% 50% 1% $20,124,230 DTM Dart Mining NL 0.019 0% 0% -12% -4% $3,683,066 NIS Nickelsearch 0.12 20% 30% 126% -4% $17,894,539 EG1 Evergreenlithium 0.185 -5% 0% -27% 0% $10,964,850 MAN Mandrake Res Ltd 0.0385 1% 10% 10% 0% $22,752,877 FBM Future Battery 0.077 7% -9% -14% 2% $36,713,231 XTC Xantippe Res Ltd 0.001 0% 0% 0% 0% $17,528,005 LPM Lithium Plus 0.46 -5% -8% 11% 9% $41,704,277 KOB Kobaresourceslimited 0.08 0% -6% 5% -6% $8,433,333 EMC Everest Metals Corp 0.092 -6% 6% -20% 1% $16,001,745 LRD Lordresourceslimited 0.077 0% 12% 15% -9% $2,859,173 IEC Intra Energy Corp 0.004 0% 0% 0% 0% $6,643,126 REC Rechargemetals 0.12 -8% -11% -24% -2% $14,475,757 SLM Solismineralsltd 0.2 0% -7% -27% 13% $15,569,741 AZS Azure Minerals 4.11 1% 3% 63% 389% $1,857,652,279 DYM Dynamicmetalslimited 0.195 5% -3% 8% 0% $6,475,000 SBR Sabre Resources 0.045 -2% 15% 22% 1% $16,430,683 ICL Iceni Gold 0.058 0% -2% -21% -2% $13,911,714 TMX Terrain Minerals 0.004 -11% 0% -20% 0% $6,090,425 MHC Manhattan Corp Ltd 0.004 0% 0% -33% 0% $11,747,919 MHK Metalhawk. 0.22 -4% 16% 127% 6% $18,221,878 NKL Nickelxltd 0.06 3% -8% 9% -2% $5,093,280 TMB Tambourahmetals 0.125 4% -19% -4% 2% $9,952,842 ANX Anax Metals Ltd 0.029 4% 0% -15% -2% $13,465,694 PMT Patriotbatterymetals 1.025 0% -6% -17% 28% $404,786,189 BM8 Battery Age Minerals 0.23 5% 15% -4% -27% $19,610,115 L1M Lightning Minerals 0.15 0% 11% 0% -2% $6,108,760 ADG Adelong Gold Limited 0.006 0% 0% -14% 0% $3,577,934 TOR Torque Met 0.19 12% -3% -46% 1% $22,257,094 AL8 Alderan Resource Ltd 0.008 0% -38% -33% 0% $8,854,890 OZM Ozaurum Resources 0.1625 -2% 12% 73% 10% $26,193,750 FL1 First Lithium Ltd 0.5 -6% 14% 100% 32% $37,127,384 PLN Pioneer Lithium 0.265 -2% -12% -22% 0% $7,674,750 WYX Western Yilgarn NL 0.12 -8% 9% 30% -1% $6,455,476 RDN Raiden Resources Ltd 0.064 -6% 33% 167% 6% $169,258,291 PFE Panteraminerals 0.063 -6% 0% 2% -5% $7,173,861 GRE Greentechmetals 0.65 -4% -20% 113% 51% $43,722,000 OLY Olympio Metals Ltd 0.14 0% -7% -7% -1% $8,903,930 SUM Summitminerals 0.11 -8% -12% 18% -4% $5,718,855 JBY James Bay Minerals 0.375 -5% 21% 7% 0% $12,815,775 SCN Scorpion Minerals 0.053 4% -5% -5% -2% $17,682,016 JNO Juno 0.085 0% 6% 6% -1% $13,719,255 CC9 Chariot Corporation 0.39 -3% 28% 0% 0% $29,332,627 OBM Ora Banda Mining Ltd 0.2 5% 18% 106% 12% $324,034,525 RON Roninresourcesltd 0.205 -2% 32% 46% 4% $7,181,600 ASR Asra Minerals Ltd 0.0115 -4% 44% 64% -1% $17,474,468 TG6 TG Metals 0.90 25% 1% 818% 757% $36,270,000 PFE Panteraminerals 0.063 -6% 0% 2% -5% $7,173,861

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Making news

Flynn Gold (ASX:FG1)

This promising $10.7m capped junior explorer is hunting for the yellow gold in Tassie and in WA but it’s also one of many digging for lithium up in the Pilbara as well.

On a monthly timeframe, it’s been trending up about 30% on various narratives, including it’s high-grade gold hits on the Apple Isle, but today’s news is Li-based.

Results have come in from FG1’s in-fill soil sampling program at its 100% owned Mt Dove lithium-gold project in the Pilbara, Western Australia.

Highlights include:

• The confirmation of seven high priority lithium anomalies and enhanced byin-fill soil sampling.

• Coherent lithium anomalies extending up to 3,100m in length within predominantly shallow sand-covered eastern part of licence area.

• Outcropping pegmatite samples, with high rubidium (max 0.14%Rb) identified within the highest priority lithium anomaly.

The Mt Dove project is situated near Pilbara Minerals’ (ASX:PLS) Pilgangoora lithium mine, and Mineral Resources’ (ASX:MIN) Wodgina lithium mine, as well as the De Grey Mining (ASX:DEG) Hemi gold deposit.

Not to mention Wildcat Resources’ (ASX:WC8) Tabba Tabba and Morella’s (below) Tabba Tabba East operations.

 

Seven high priority #lithium anomalies have been confirmed by soil sampling at our Mt Dove Project, in the Pilbara region. Planning is underway for design and permitting of a first pass aircore #drilling program.
Read: https://t.co/9EJobNq6u7
$FG1 #pegmatites pic.twitter.com/m0nwNfqYx9

— Flynn Gold (@FlynnGoldLtd) November 19, 2023

 

FG1 share price



Morella (ASX:1MC)

Morella Corporation, a $40m-capped explorer is searching for the white gold (lithium, that is) out near Wildcat Resources’ (ASX:WC8) head-turning, highly prospective, MinRes-attracting Tabba Tabba lithium-tantalum project in the Pilbara, WA.

Morella today announced ‘highly encouraging’ assay results from a soil-sampling program at the Tabba Tabba East prospect some 58km southeast of Port Hedland and 4km south of the WC8 site.

The Tabba Tabba East prospect forms part of a broader WA joint venture portfolio between Morella and lithium producer Sayona Mining (ASX:SYA).

The company highlights there is ‘notable presence of prospective lithium-bearing pegmatite targets, with 974 soil samples taken across the most prospective areas of the tenement package.

Initial drilling program is now planned to further develop established lithium targets, with additional sampling planned.

1MC share price

 

Charger Metals (ASX:CHR)

… and Rio Tinto (ASX:RIO) , TG Metals (ASX:TG6) and Lithium Australia (ASX:LIT)

Rio Tinto is the rare mining giant that loves lithium, but it’s been on the sidelines in the local scene’s major M&A actions so far.

But… as Josh writes in today’s Ground Breakers,  it has piled cash into exploring ground held by juniors. Rio has pegged ground near TG Metals (ASX:TG6) ’ Burmeister discovery and inked a $42.5 million farm-in deal with adjoining junior Charger Metals.

The farm-n deal will fund exploration at the Lake Johnston project, where Charger separately purchased the remaining 30% rights in tenements shared with Lithium Australia (ASX:LIT) in a $2m side deal.

Rio’s exploration arm will pay Charger $500,000 and put another $1.2m into the company before the farm in starts and spend $3m over 12 months.

Read Ground Breakers for full details, full insights.

 

CHR share price

 

TG6 share price

 

  LIT share price

 

And in brief…

First Lithium (ASX:FL1) has expanded its drilling program with the second rig now on site at the Faraba lithium prospect in Mali, Africa.

Torque Metals (ASX:TOR) has found spodumene in RC drill chips at its New Dawn lithium project in WA.

Rock chip assays have returned up to 6.85% Li2O at Fin Resources (ASX:FIN) White Bear prospect at Cancet West in Canada.

Tambourah Metals (ASX:TMB) has recorded the strongest mineralised intercept ever at its namesake gold and lithium project in the Pilbara of 28g/t.

Future Battery Minerals (ASX:FBM) has appointed former Fortescue Metals Group (ASX:FMG) boss Neville Power as non-executive director to drive the company’s lithium development plans in WA and Nevada, USA.

Golden State Mining (ASX:GSM) has returned up to 0.9% lithium from rock chip sampling at Paynes Find in WA.

 

X-factoring

Catching our eye today on the platform formerly known as Twitter…

 

ExxonMobil announced it will drill its first lithium well in Arkansas, targeting production in 2027. It aims to be a key supplier for EV manufacturing.

This comes at a time when automakers are scaling back EV plans amid signs of slower demand, causing lithium prices to drop.⁠ pic.twitter.com/vwsY4unwiM

— Yahoo Finance (@YahooFinance) November 19, 2023

 

#Lithium = a Baby Bull feeding = Growing Fat with #EV milk pic.twitter.com/fDOot5lj5I

— Gassin123Charts (@MrBreakouts) November 19, 2023

 

Following news that Oil Giant Exxon Mobile is entering Lithium space there is a massive growth potential for the Lithium Industry. Optimistic for upside in Junior mining for 2024.https://t.co/Qggel9IYbT pic.twitter.com/BMhPy8ODHE

— Battery Commodity (@ArneLutsch) November 17, 2023

 

$SQM Q3 #lithium prices continue to slide. For #perspective, SQM’s $30/kg Q3 price is > 6X their spot sale price lows from 2020. pic.twitter.com/Aj4vVjueMK

— Joe Lowry (@globallithium) November 17, 2023

 

Nickel, copper, lithium and silver are crucial for the energy transition

Countries are focused on domestic supply

Gold is crucial to preserve a nations sovereignty in its reserves

Countries are stockpiling

The periodic table should be on the desk of every serious investor… pic.twitter.com/gNBAsdwxmC

— Gold Telegraph (@GoldTelegraph_) November 19, 2023

 

 

At Stockhead we tell it like it is. While Charger Metals, Future Battery Minerals, Golden State Mining, Tambourah Metals, First Lithium, Fin Resources and Torque Metals are Stockhead advertisers at the time of writing, they did not sponsor this article. 

The post Eye on Lithium: Flynn Gold flies on Mt Dove action; TG Metals likes Mondays appeared first on Stockhead.

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