White Cliff Minerals confirms prospectivity for spodumene at Lake Johnston
NT explorer Evergreen Lithium also climbing up the ASX this afternoon
Lithium roundup, Thursday November 30.
Down, down, lithium prices are down… analysts know this, anyone who can read charts and stats knows this, we know this and producers, explorers and battery makers and EV makers definitely know this.
The latter two are not exactly unhappy about it right now, though, judging by BloombergNEF’s annual lithium-ion battery price survey and analysis. EV car makers are no doubt digging the current lower costs for their side of production.
2023-11-30#Lithium Carbonate 99.5% Min China Spot
Price: $18,353.10
1 day: $140.10 (-0.76%)
YTD: -75.10%#Spodumene Concentrate (6%, CIF China)
Price: $1,789.00
1 day: -11 (-0.61%)
YTD: -69.29%
Sponsored by @SiennaResources $SIE $SNNAFhttps://t.co/UYbxuunUH7
— Lithium Price Bot (@LithiumPriceBot) November 30, 2023
This Li bear market is a brutal one, though, and there’s a pretty damn big set of woods to negotiate yet. But if you want some positivity and realistic long-term hopium, head over to one of our other battery metals columns, such as High Voltage, the latest of which references some highly encouraging analysis and outlooks from a prominent global investment advisor with a zoomed-out lens.
And it includes positive eyes on the Aussie lithium sector, especially in light of frothy mergers and acquisition plays to snap up WA’s bountiful resources.
In the meantime, here are a couple of strong local movers today and this week…
What’s surging right now in ASX lithium land?
(Circa 3pm-ish on a Thursday afternoon…)
Charged up
White Cliff Minerals (ASX:WCN) +18%
This junior explorer has joined the froth circling in and around the fast-emerging Lake Johnston lithium hotspot over in WA.
It has news over the past 24 hours or so regarding its 100% owned Lake Johnston South lithium project. And that news essentially confirms high prospectivity for spodumene-bearing pegmatites for the site.
It’s a licence area of +1,870square km2, west of Norseman in Western Australia, with licences covering a large portion of the Lake Johnston greenstone belt in the new shallow high-grade lithium province.
Notably, the project is adjacent to TG Metals (ASX:TG6) ‘ recent eye-popping spodumene discoveries, and is approximately 20km from the Charger Metals (ASX:CHR) and Rio Tinto (ASX:RIO) exploration joint venture project.
LAKE JOHNSTON SOUTH LITHIUM PROJECT REVIEW CONFIRMS HIGH PROSPECTIVITY
https://t.co/hdFMXJcmmw$WCN $WCN.ax #ASX #Mining #Lithium pic.twitter.com/GtrS40eB6z
— White Cliff Minerals (@CliffMinerals) November 28, 2023
Evergreen Lithium (ASX:EG1) +15%
Meanwhile, NT lithium explorer Evergreen has news from its Bynoe project.
Its first batch of assays from Phase 3 geochemical soil sampling at the site has identified new ‘large and significant’ lithium anomalism.
More details here, in its ASX announcement, earlier today.
Source: ASX announcement
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.)
Stocks missing from this list?
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CODE COMPANY % DAILY % WEEK % MONTH % YTD PRICE MARKET CAP ADVDB Ardiden Ltd 0% -16% -16% -12% 0.18 $11,253,151 AGY Argosy Minerals Ltd -1% 7% 7% -39% 0.1825 $259,815,387 1MC Morella Corporation 0% -14% 9% -1% 0.006 $36,981,556 AML Aeon Metals Ltd. -8% 22% -8% -2% 0.011 $13,156,807 ASN Anson Resources Ltd -3% -7% -13% -5% 0.14 $186,432,180 AVZ AVZ Minerals Ltd 0% 0% 0% 0% 0.78 $2,752,409,203 CXO Core Lithium -7% -24% -24% -76% 0.27 $619,711,308 EMH European Metals Hldg -2% -6% -8% -6% 0.58 $74,855,495 EUR European Lithium Ltd 0% -8% 10% 0% 0.076 $105,962,177 GLN Galan Lithium Ltd -1% -10% -7% -46% 0.61 $217,231,702 INF Infinity Lithium 0% -5% 24% -2% 0.105 $48,572,170 INR Ioneer Ltd -6% 10% 10% -22% 0.16 $358,940,065 JRL Jindalee Resources 0% 0% -26% -88% 1.01 $61,219,844 LIT Lithium Australia -2% -8% -5% -2% 0.0295 $36,665,750 LKE Lake Resources -7% -16% -24% -67% 0.13 $199,142,259 LPD Lepidico Ltd 13% 0% 13% -1% 0.009 $61,106,464 LPI Lithium Pwr Int Ltd -1% 0% 2% 10% 0.54 $347,458,337 LTR Liontown Resources 0% -7% -20% 3% 1.35 $3,249,288,836 MIN Mineral Resources. -1% -6% 0% -1656% 60.64 $11,951,264,986 MLS Metals Australia 0% -3% 12% -1% 0.037 $23,089,339 AKE Allkem Limited 0% -4% -16% -273% 8.51 $5,434,230,991 PLL Piedmont Lithium Inc -1% -8% -12% -25% 0.395 $147,054,720 PLS Pilbara Min Ltd 0% 1% -9% -18% 3.57 $10,713,687,070 QPM Queensland Pacific 0% 0% -8% -6% 0.054 $108,677,177 PSC Prospect Res Ltd -1% -8% -1% -3% 0.088 $41,236,545 RLC Reedy Lagoon Corp. -14% -14% 50% 0% 0.006 $4,316,785 SYA Sayona Mining Ltd -4% -17% -24% -13% 0.0625 $669,064,241 TKL Traka Resources 0% 0% -20% 0% 0.004 $3,501,317 TON Triton Min Ltd 0% -4% -12% -1% 0.023 $35,911,271 VUL Vulcan Energy -4% 8% 16% -376% 2.575 $462,876,392 GL1 Globallith -4% 4% 2% -58% 1.27 $343,257,023 BMM Balkanminingandmin -4% -16% 0% -20% 0.135 $9,633,004 LEL Lithenergy -1% 11% -11% -18% 0.595 $62,063,525 ARN Aldoro Resources 2% 1% -14% -8% 0.085 $11,173,771 NMT Neometals Ltd 1% -17% -34% -58% 0.2025 $121,236,442 IGO IGO Limited -1% -5% -21% -500% 8.465 $6,459,494,445 AAJ Aruma Resources Ltd -6% -6% -9% -2% 0.031 $6,497,420 PAM Pan Asia Metals 0% 0% 3% -26% 0.155 $25,888,322 AX8 Accelerate Resources -2% -14% 20% 3% 0.049 $23,600,110 AM7 Arcadia Minerals 0% -6% -6% -12% 0.085 $9,269,259 AS2 Askarimetalslimited -8% -8% 0% -27% 0.17 $14,309,789 BYH Bryah Resources Ltd 7% -6% 7% -1% 0.015 $6,070,502 EMS Eastern Metals 0% -20% 3% -4% 0.032 $2,637,640 FG1 Flynngold -1% -4% 23% -2% 0.08 $11,046,989 FRS Forrestaniaresources 3% 7% 7% -11% 0.032 $5,015,358 GSM Golden State Mining 6% 12% -5% -2% 0.019 $4,299,485 IMI Infinitymining 0% -13% 8% -15% 0.13 $10,121,763 LRV Larvottoresources -13% -6% -1% -5% 0.087 $6,725,472 MMC Mitremining 0% -16% -11% -8% 0.205 $9,296,771 RAG Ragnar Metals Ltd 0% 0% 0% 1% 0.023 $10,901,562 CTN Catalina Resources 0% 14% 0% -1% 0.004 $4,953,948 TMB Tambourahmetals 10% 22% 38% 6% 0.165 $12,441,053 TEM Tempest Minerals 0% 0% 50% -1% 0.009 $4,602,451 EMC Everest Metals Corp 0% -6% -15% 1% 0.085 $13,879,064 WCN White Cliff Min Ltd 18% 8% 8% 0% 0.013 $14,042,153 WML Woomera Mining Ltd -6% -9% 172% 1% 0.0245 $31,036,058 AZL Arizona Lithium Ltd 3% -15% 160% -2% 0.039 $127,091,547 CRR Critical Resources 4% -7% -11% -2% 0.025 $42,668,407 KGD Kula Gold Limited -9% -27% 122% 1% 0.03 $13,839,070 LRS Latin Resources Ltd -5% -5% -29% 8% 0.18 $526,776,178 PNN Power Minerals Ltd -4% -8% -4% -30% 0.23 $20,962,155 WR1 Winsome Resources -4% -9% -27% -21% 1.02 $189,138,722 KZR Kalamazoo Resources 5% -4% 22% -10% 0.115 $18,850,642 MTM MTM Critical Metals -7% -4% 18% -5% 0.026 $2,781,438 QXR Qx Resources Limited 0% -10% 13% -2% 0.026 $28,748,924 SCN Scorpion Minerals 2% -6% -21% -2% 0.046 $18,301,779 AZI Altamin Limited 0% 10% -9% -3% 0.053 $20,760,988 ENT Enterprise Metals 0% -25% -25% -1% 0.003 $2,398,413 KAI Kairos Minerals Ltd -6% -12% -25% -1% 0.015 $41,934,595 STM Sunstone Metals Ltd -6% 7% 0% -2% 0.016 $52,393,743 PGD Peregrine Gold -3% 2% 9% -9% 0.295 $17,304,299 AVW Avira Resources Ltd 0% -25% 0% 0% 0.0015 $3,200,685 NVA Nova Minerals Ltd 2% 8% 4% -42% 0.265 $54,831,390 GT1 Greentechnology -1% -16% -18% -50% 0.33 $92,508,841 BNR Bulletin Res Ltd 0% 13% 3% 8% 0.175 $51,378,443 CAI Calidus Resources 1% 7% -1% -8% 0.1925 $115,945,031 MRR Minrex Resources Ltd -11% -26% 21% -2% 0.017 $20,612,483 A8G Australasian Metals 0% 9% 6% -2% 0.175 $9,121,086 EFE Eastern Resources 0% 0% 25% -2% 0.01 $12,419,465 MQR Marquee Resource Ltd -7% -7% 4% -1% 0.027 $11,988,147 SRZ Stellar Resources 0% -11% 0% -1% 0.008 $8,785,492 LSR Lodestar Minerals 0% 0% -20% 0% 0.004 $8,093,589 NWM Norwest Minerals 0% -9% -17% -2% 0.03 $8,627,085 AOA Ausmon Resorces 0% 0% -14% 0% 0.003 $3,020,998 VKA Viking Mines Ltd 0% 18% 44% 0% 0.013 $13,328,360 IPT Impact Minerals -5% 0% 11% 0% 0.01 $30,079,391 SRI Sipa Resources Ltd 0% 19% 4% -1% 0.025 $5,703,953 VMC Venus Metals Cor Ltd 0% 10% 10% 3% 0.11 $20,870,155 RGL Riversgold -12% 36% 25% -2% 0.015 $16,171,445 ZNC Zenith Minerals Ltd 0% -21% 46% -14% 0.13 $45,809,515 RAS Ragusa Minerals Ltd 0% -16% 5% -7% 0.042 $5,989,149 G88 Golden Mile Res Ltd -9% 0% 5% 0% 0.021 $7,575,959 EPM Eclipse Metals 0% 0% -10% -1% 0.009 $18,562,988 EVR Ev Resources Ltd 0% -9% -9% 0% 0.01 $9,545,883 WC8 Wildcat Resources -9% -18% -9% 68% 0.705 $926,049,794 MNS Magnis Energy Tech -6% -11% -31% -32% 0.051 $64,772,900 RIO Rio Tinto Limited 1% -2% 6% 886% 125.27 $46,246,115,940 THR Thor Energy PLC 0% -7% 4% -3% 0.028 $5,221,784 YAR Yari Minerals Ltd 0% 0% -18% 0% 0.014 $6,753,009 MXR Maximus Resources 6% 10% 33% 1% 0.053 $16,030,288 DRE Dreadnought Resources Ltd 0% 0% 6% -7% 0.033 $114,079,195 MM1 Midasmineralsltd -4% -7% -10% -7% 0.135 $12,144,614 M2R Miramar 0% -17% -27% -6% 0.019 $2,828,521 LLI Loyal Lithium Ltd -5% -19% -35% 2% 0.315 $26,868,969 LRD Lordresourceslimited 0% 6% 29% -8% 0.084 $3,119,098 WMC Wiluna Mining Corp 0% 0% 0% 0% 0.205 $74,238,031 AUN Aurumin -4% 25% -17% -4% 0.025 $8,279,520 ZEO Zeotech Limited -5% -5% -12% -1% 0.038 $69,336,923 ALY Alchemy Resource Ltd -10% -18% -18% -1% 0.009 $11,780,763 LIS Lisenergylimited 3% -2% -7% -12% 0.205 $128,040,046 GW1 Greenwing Resources -9% -17% -29% -18% 0.1 $19,167,663 KTA Krakatoa Resources 0% 2% 100% 0% 0.044 $19,135,508 TYX Tyranna Res Ltd 0% -8% 3% -1% 0.0165 $54,226,018 DAF Discovery Alaska Ltd 0% 0% -11% -2% 0.016 $3,747,755 FTL Firetail Resources -7% -12% -20% -8% 0.084 $13,401,500 IR1 Irismetals -1% -14% -33% -2% 1.145 $140,864,579 LNR Lanthanein Resources -14% -14% 0% -2% 0.006 $7,851,029 DAL Dalaroometalsltd 4% -3% -3% -7% 0.029 $2,284,800 TKM Trek Metals Ltd 0% -6% -8% -3% 0.046 $22,891,444 CY5 Cygnus Metals Ltd 4% -13% -16% -25% 0.135 $37,863,688 TUL Tulla Resources 0% -100% -100% -33% 0 $118,262,971 WES Wesfarmers Limited -1% -1% 4% 652% 52.425 $59,793,825,991 LLL Leolithiumlimited 0% 0% 0% 2% 0.505 $498,553,663 OCN Oceanalithiumlimited -4% -11% -7% -22% 0.125 $6,899,945 A11 Atlantic Lithium 4% 2% 32% -9% 0.535 $315,304,455 CMD Cassius Mining Ltd -3% -11% -9% 1% 0.031 $15,895,302 VSR Voltaic Strategic 0% -9% -17% 0% 0.02 $9,662,078 SGQ St George Min Ltd -3% -6% -22% -4% 0.032 $32,474,857 LLO Lion One Metals Ltd -1% 6% 6% -13% 1.04 $15,423,282 PAT Patriot Lithium -3% -10% 3% -8% 0.19 $13,360,841 PL3 Patagonia Lithium 4% -4% -4% 0% 0.135 $6,370,455 BUR Burleyminerals -3% 3% -23% -6% 0.165 $17,220,449 CHR Charger Metals 2% -2% 50% -18% 0.27 $16,460,308 RMX Red Mount Min Ltd 0% 0% 0% 0% 0.004 $10,694,304 DLI Delta Lithium 0% -3% -22% 1% 0.47 $293,640,952 LM1 Leeuwin Metals Ltd 0% -19% -36% 0% 0.19 $8,509,150 ENT Enterprise Metals 0% -25% -25% -1% 0.003 $2,398,413 FIN FIN Resources Ltd -4% -11% -4% 1% 0.025 $16,880,986 DTM Dart Mining NL 0% 0% -6% -4% 0.017 $3,868,854 NIS Nickelsearch -8% -15% 117% -4% 0.115 $23,190,296 EG1 Evergreenlithium 15% 3% -15% 0% 0.195 $9,559,100 MAN Mandrake Res Ltd 0% 8% 11% 0% 0.039 $24,014,637 FBM Future Battery 1% -12% -27% 2% 0.073 $38,430,431 XTC Xantippe Res Ltd 0% 0% 0% 0% 0.001 $17,528,005 LPM Lithium Plus 0% -8% -13% 6% 0.425 $36,544,985 KOB Kobaresourceslimited 0% -4% 13% -6% 0.077 $8,117,083 EMC Everest Metals Corp 0% -6% -15% 1% 0.085 $13,879,064 LRD Lordresourceslimited 0% 6% 29% -8% 0.084 $3,119,098 IEC Intra Energy Corp 33% -20% 0% 0% 0.004 $4,982,345 REC Rechargemetals 0% -4% -21% -3% 0.11 $12,248,717 SLM Solismineralsltd -6% -11% -29% 9% 0.16 $13,234,280 AZS Azure Minerals 0% -3% 13% 373% 3.95 $1,811,784,321 DYM Dynamicmetalslimited 0% -13% 6% 0% 0.175 $6,125,000 TOR Torque Met -13% -6% -25% -2% 0.165 $24,875,575 SBR Sabre Resources 3% -20% -23% 0% 0.037 $13,035,195 ICL Iceni Gold 0% 0% 5% -2% 0.061 $14,631,286 TMX Terrain Minerals 13% 13% 13% 0% 0.0045 $5,413,711 MHC Manhattan Corp Ltd 0% 0% -33% 0% 0.004 $11,747,919 MHK Metalhawk. -3% -22% 75% 1% 0.175 $14,440,600 NKL Nickelxltd 0% 3% 3% -2% 0.06 $5,268,910 TMB Tambourahmetals 10% 22% 38% 6% 0.165 $12,441,053 ANX Anax Metals Ltd 4% 0% -20% -3% 0.028 $12,984,776 PMT Patriotbatterymetals -1% -8% -20% 28% 1.03 $408,716,152 BM8 Battery Age Minerals -2% -4% -4% -27% 0.23 $20,947,169 L1M Lightning Minerals 3% 19% 23% -1% 0.16 $6,544,885 ADG Adelong Gold Limited 10% -8% -21% 0% 0.0055 $2,981,611 TOR Torque Met -13% -6% -25% -2% 0.165 $24,875,575 AL8 Alderan Resource Ltd 8% -7% -46% 0% 0.0065 $6,641,168 OZM Ozaurum Resources -4% -39% 28% 4% 0.11 $18,256,250 FL1 First Lithium Ltd -10% 16% 103% 43% 0.61 $47,635,134 PLN Pioneer Lithium 2% 2% -12% 0% 0.265 $7,390,500 WYX Western Yilgarn NL 5% 0% 59% -2% 0.11 $5,214,038 RDN Raiden Resources Ltd -11% -30% 8% 4% 0.042 $124,300,374 PFE Panteraminerals -2% -2% -6% -5% 0.06 $6,531,425 GRE Greentechmetals -2% -23% 28% 37% 0.51 $33,838,133 OLY Olympio Metals Ltd 0% 0% -7% -1% 0.14 $8,903,930 SUM Summitminerals 5% 5% 28% -3% 0.115 $5,242,284 JBY James Bay Minerals -7% -11% 20% 0% 0.355 $12,329,100 SCN Scorpion Minerals 2% -6% -21% -2% 0.046 $18,301,779 JNO Juno 10% 34% 34% 1% 0.11 $16,140,300 CC9 Chariot Corporation -5% -12% 141% 0% 0.615 $47,665,519 OBM Ora Banda Mining Ltd -2% 24% 74% 15% 0.235 $409,582,769 RON Roninresourcesltd 5% 5% 45% 5% 0.21 $6,839,619 ASR Asra Minerals Ltd 0% -20% 33% -1% 0.008 $11,649,645 PFE Panteraminerals -2% -2% -6% -5% 0.06 $6,531,425 TG6 Tgmetalslimited -9% -19% 676% 70% 0.815 $36,627,469 HAW Hawthorn Resources 0% -3% -5% -3% 0.09 $30,151,405 ADVDB Ardiden Ltd 0% -16% -16% -12% 0.18 $11,253,151
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Also making news today
Battery Age Minerals (ASX:BM8) Phase 2 drilling at the Falcon Lake lithium project in Ontario has returned multiple spodumene-bearing pegmatite intersections at the Falcon East Extension.
Mt Malcolm Mines (ASX:M2M) is building its large lithium footprint at the Lake Johnston preojct in WA, by acquiring a 75km2 exploration licence.
Brazil-focused Latin Resources (ASX:LRS) has a resource upgrade in the works for its Salinas lithium project following the receipt of more high-grade assays, including up to 2.03% Li2O at the Colina deposit.
The post Eye on Lithium: White Cliff Minerals aims high at promising Lake Johnston South project appeared first on Stockhead.
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