Eye on Lithium: Are lithium futures on the rise?

Lithium prices ‘decreasing at slower rate’, futures up
PAM, LLI continue to gain on Tuesday’s big announcement
IMI told off by ASX for aspirational presentation

Your lithium roundup for Wednesday January 3.

For the bulls:

2/All price curves are becoming increasingly flatter. Although some #lithium prices continue to fall, they are decreasing at a lower rate. Meanwhile, LC future prices are going up. More reasons to think of a prompt rebound? pic.twitter.com/xZSMsZJjZe

— Juan Carlos Zuleta (@jczuleta) January 2, 2024

And also this. Goldman Sachs says the majority of lithium supply will come from China itself, in particular internal lepidolite and brine. This is unrealistic, says geo Dwayne Sparkes.

No coffee today as I spat it out reading Goldman Sachs’ lithium supply table which popped up in my twitter feed.

What i find most intriguing about this table is that it states the majority of lithium supply will come from China itself, in particular internal lepidolite and… pic.twitter.com/7enKuMvVpJ

— Dwayne Sparkes (@sparkes_dwayne) January 3, 2024

Wednesday: FULLY CHARGED

PAN ASIA METALS (ASX:PAM) +32%

LOYAL LITHIUM (ASX:LLI) +19%

LEPIDICO (ASX:LPD) +14%

Wednesday: RUNNING LOW

ALDERAN RESOURCES (ASX:AL8) -17%

BALKAN MINING AND MINERALS (ASX:BMM) -13%

PATAGONIA LITHIUM (ASX:PL3) -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.)

Stocks missing from this list? Email [email protected]

CODE COMPANY TODAY 1 MONTH % 6 MONTH % 12 MONTH % PRICE MARKET CAP PAM Pan Asia Metals 32% 37% -7% -50% 0.205 $26,011,601 LLI Loyal Lithium Ltd 19% 26% 36% 47% 0.435 $30,399,871 NKL Nickelxltd 19% -27% -34% -45% 0.044 $3,249,161 LPD Lepidico Ltd 14% -6% -27% -50% 0.008 $53,468,156 AS2 Askarimetalslimited 13% 0% -39% -60% 0.175 $12,051,283 1MC Morella Corporation 10% -8% -31% -54% 0.0055 $30,893,997 DAF Discovery Alaska Ltd 9% 56% -11% -22% 0.025 $5,387,398 PGD Peregrine Gold 8% 2% -4% -31% 0.265 $15,328,676 KTA Krakatoa Resources 6% -20% 46% -20% 0.035 $15,579,538 PAT Patriot Lithium 6% -5% -33% -32% 0.18 $11,647,912 ADV Ardiden Ltd 6% 3% -39% -39% 0.185 $10,940,564 TKM Trek Metals Ltd 5% -20% -58% -49% 0.039 $18,983,844 REC Rechargemetals 5% -9% -73% -26% 0.1 $10,578,438 WYX Western Yilgarn NL 5% 5% -19% -19% 0.105 $4,965,750 A11 Atlantic Lithium 5% -20% -21% -31% 0.43 $258,473,626 EUR European Lithium Ltd 5% 58% 15% 55% 0.115 $153,366,309 DAL Dalaroometalsltd 5% -34% -71% -77% 0.023 $1,820,500 INF Infinity Lithium 4% 0% 11% -17% 0.1 $44,408,841 KZR Kalamazoo Resources 4% 4% 9% -40% 0.125 $20,564,337 AUN Aurumin 4% 4% -16% -57% 0.026 $8,961,077 GW1 Greenwing Resources 4% 30% -43% -53% 0.13 $21,781,435 AAJ Aruma Resources Ltd 4% -10% -35% -47% 0.028 $5,316,071 KAI Kairos Minerals Ltd 4% -9% -16% -31% 0.0145 $36,692,771 LIT Lithium Australia 3% 7% -6% -31% 0.031 $36,665,750 SBR Sabre Resources 3% -11% 23% -16% 0.032 $11,224,752 SGQ St George Min Ltd 3% 9% -10% -47% 0.036 $34,444,503 EG1 Evergreenlithium 3% -16% -45% 0% 0.18 $9,840,250 PSC Prospect Res Ltd 3% 4% -43% -25% 0.0905 $40,773,213 IR1 Irismetals 3% -22% -45% -19% 0.94 $118,478,759 PLN Pioneer Lithium 3% -25% 0% 0% 0.2 $5,542,875 BM8 Battery Age Minerals 2% -2% -60% -58% 0.21 $18,273,062 WC8 Wildcat Resources 2% -7% 475% 2775% 0.69 $807,143,482 FBM Future Battery 1% -1% -40% 36% 0.072 $37,896,675 LPI Lithium Pwr Int Ltd 0% 2% 89% 27% 0.5575 $353,852,270 AML Aeon Metals Ltd. 0% -9% -33% -63% 0.01 $10,964,006 AVZ AVZ Minerals Ltd 0% 0% 0% 0% 0.78 $2,752,409,203 CXO Core Lithium 0% 0% -70% -74% 0.27 $576,972,597 AKE Allkem Limited 0% 16% -39% -13% 9.83 $6,304,350,967 RLC Reedy Lagoon Corp. 0% -17% -14% -48% 0.005 $3,097,704 TKL Traka Resources 0% -5% -36% -52% 0.003 $2,625,988 ARN Aldoro Resources 0% 47% 19% -22% 0.125 $16,827,968 AX8 Accelerate Resources 0% -18% 105% 78% 0.041 $23,497,172 AM7 Arcadia Minerals 0% -14% -37% -64% 0.073 $7,960,657 BYH Bryah Resources Ltd 0% -7% -19% -49% 0.013 $5,636,894 EMS Eastern Metals 0% 13% -33% -51% 0.036 $2,967,345 RAG Ragnar Metals Ltd 0% 0% -7% 101% 0.023 $10,901,562 CTN Catalina Resources 0% 13% 50% -55% 0.0045 $5,573,191 TEM Tempest Minerals 0% 0% -38% -65% 0.008 $4,091,068 EMC Everest Metals Corp 0% -2% -58% 1% 0.08 $13,062,649 CRR Critical Resources 0% -13% -50% -53% 0.02 $35,557,006 KGD Kula Gold Limited 0% -50% -12% -40% 0.015 $6,290,487 QXR Qx Resources Limited 0% -20% 26% -43% 0.024 $26,641,868 SCN Scorpion Minerals 0% -27% -64% -54% 0.032 $13,102,598 ENT Enterprise Metals 0% 33% 0% -60% 0.004 $3,207,884 STM Sunstone Metals Ltd 0% -13% -46% -62% 0.014 $48,828,288 AVW Avira Resources Ltd 0% 0% -40% -50% 0.0015 $3,200,685 BNR Bulletin Res Ltd 0% -3% 130% 51% 0.14 $41,105,865 MRR Minrex Resources Ltd 0% 0% 14% -50% 0.016 $17,357,880 A8G Australasian Metals 0% -12% 30% -21% 0.15 $7,818,074 EFE Eastern Resources 0% -20% -20% -72% 0.008 $9,935,572 MQR Marquee Resource Ltd 0% 0% -40% -27% 0.027 $11,161,378 SRZ Stellar Resources 0% 0% -38% -38% 0.008 $9,192,212 LSR Lodestar Minerals 0% -25% -25% -40% 0.003 $6,070,192 NWM Norwest Minerals 0% 0% -33% -41% 0.032 $9,202,224 AOA Ausmon Resorces 0% 0% -14% -57% 0.003 $3,020,998 VKA Viking Mines Ltd 0% 25% 50% 50% 0.015 $15,378,876 SRI Sipa Resources Ltd 0% 19% 25% -22% 0.025 $5,703,953 VMC Venus Metals Cor Ltd 0% -9% -9% 27% 0.1 $18,972,868 ZNC Zenith Minerals Ltd 0% 7% 61% -45% 0.145 $51,095,228 EPM Eclipse Metals 0% -11% -50% -50% 0.008 $16,500,434 EVR Ev Resources Ltd 0% 10% -15% -21% 0.011 $12,095,472 MNS Magnis Energy Tech 0% -13% -70% -89% 0.042 $50,378,922 THR Thor Energy PLC 0% 7% -25% -50% 0.03 $5,581,090 YAR Yari Minerals Ltd 0% -21% -21% -35% 0.011 $5,305,936 MXR Maximus Resources 0% -37% 13% -15% 0.034 $10,900,596 DRE Dreadnought Resources Ltd 0% -9% -44% -72% 0.029 $100,893,116 MM1 Midasmineralsltd 0% 12% -59% -28% 0.145 $12,578,351 M2R Miramar 0% 11% -40% -72% 0.021 $3,126,260 LRD Lordresourceslimited 0% -19% -28% -61% 0.065 $2,413,588 WMC Wiluna Mining Corp 0% 0% 0% 0% 0.205 $74,238,031 ALY Alchemy Resource Ltd 0% 5% -34% -54% 0.0105 $12,369,801 TYX Tyranna Res Ltd 0% -5% -5% -25% 0.018 $59,173,656 FTL Firetail Resources 0% -8% -30% -52% 0.077 $11,465,728 TUL Tulla Resources 0% -100% -100% -100% 0 $118,262,971 LLL Leolithiumlimited 0% 0% -53% 4% 0.505 $498,553,663 OCN Oceanalithiumlimited 0% -4% -71% -67% 0.115 $6,103,798 CMD Cassius Mining Ltd 0% 29% 18% 100% 0.04 $20,104,422 VSR Voltaic Strategic 0% -14% -79% -19% 0.019 $9,178,974 BUR Burleyminerals 0% 6% -28% -25% 0.165 $16,713,965 RMX Red Mount Min Ltd 0% -14% -25% -40% 0.003 $8,020,728 ENT Enterprise Metals 0% 33% 0% -60% 0.004 $3,207,884 FIN FIN Resources Ltd 0% -21% 50% 11% 0.021 $13,634,643 DTM Dart Mining NL 0% 6% -58% -69% 0.017 $3,868,854 XTC XTC Lithium Limited 0% 0% -17% -67% 0.2 $17,528,272 LPM Lithium Plus 0% -17% 28% -7% 0.345 $29,665,929 KOB Kobaresourceslimited 0% -9% -55% -50% 0.07 $7,379,167 EMC Everest Metals Corp 0% -2% -58% 1% 0.08 $13,062,649 LRD Lordresourceslimited 0% -19% -28% -61% 0.065 $2,413,588 IEC Intra Energy Corp 0% -25% -40% -63% 0.003 $4,982,345 SLM Solismineralsltd 0% -19% -86% 100% 0.15 $11,774,506 AZS Azure Minerals 0% -6% 146% 1544% 3.7 $1,697,114,428 DYM Dynamicmetalslimited 0% 0% -48% 0% 0.165 $5,775,000 TMX Terrain Minerals 0% 25% -29% -17% 0.005 $6,767,139 MHC Manhattan Corp Ltd 0% 0% -50% -27% 0.004 $11,747,919 ANX Anax Metals Ltd 0% 4% -54% -45% 0.029 $13,946,611 L1M Lightning Minerals 0% -20% -25% -27% 0.12 $5,067,008 ADG Adelong Gold Limited 0% -17% -38% -29% 0.005 $3,498,278 RDN Raiden Resources Ltd 0% -5% 310% 763% 0.041 $108,846,287 PFE Panteraminerals 0% -13% -40% -53% 0.052 $6,896,373 OLY Olympio Metals Ltd 0% -25% -49% -28% 0.105 $6,677,947 SUM Summitminerals 0% -20% -34% -34% 0.096 $4,575,084 SCN Scorpion Minerals 0% -27% -64% -54% 0.032 $13,102,598 OBM Ora Banda Mining Ltd 0% 2% 96% 192% 0.245 $418,158,618 RON Roninresourcesltd 0% -18% 16% 9% 0.18 $6,628,502 CXB0 ASRA MINERALS LTD. 0% 0% 0% 0% 0.00004 $6,515,983 ASR Asra Minerals Ltd 0% -7% 0% -65% 0.007 $11,402,970 PFE Panteraminerals 0% -13% -40% -53% 0.052 $6,896,373 TG6 Tgmetalslimited 0% -52% 241% 226% 0.375 $20,282,313 HAW Hawthorn Resources 0% 12% -34% -19% 0.093 $31,156,452 LLO Lion One Metals Ltd -1% -1% 25% -15% 0.99 $14,969,500 WES Wesfarmers Limited -1% 9% 16% 24% 57.05 $65,226,535,143 PLS Pilbara Min Ltd -1% 9% -19% 5% 3.945 $11,977,682,421 ICL Iceni Gold -1% -17% -26% -34% 0.0525 $12,950,929 RIO Rio Tinto Limited -1% 8% 18% 16% 135.02 $50,696,998,346 EMH European Metals Hldg -1% -30% -53% -39% 0.39 $49,903,420 NVA Nova Minerals Ltd -1% 31% 24% -47% 0.36 $76,974,836 MIN Mineral Resources. -1% 15% -3% -10% 69.595 $13,784,065,545 INR Ioneer Ltd -2% 2% -57% -61% 0.1475 $316,711,822 FRS Forrestaniaresources -2% -10% -68% -80% 0.028 $4,610,894 AZI Altamin Limited -2% 2% -30% -31% 0.054 $23,546,707 GT1 Greentechnology -2% -14% -63% -67% 0.27 $87,244,327 FL1 First Lithium Ltd -2% -28% 189% 189% 0.52 $37,127,384 IGO IGO Limited -2% 7% -41% -34% 8.925 $6,891,137,098 FG1 Flynngold -2% -32% -15% -49% 0.051 $7,577,661 GRE Greentechmetals -2% -8% -21% 214% 0.44 $29,934,250 TOR Torque Met -2% 19% 54% 19% 0.215 $28,913,298 TOR Torque Met -2% 19% 54% 19% 0.215 $28,913,298 PLL Piedmont Lithium Inc -2% 6% -52% -36% 0.41 $154,407,456 MAN Mandrake Res Ltd -2% 3% -11% 3% 0.041 $25,861,917 LTR Liontown Resources -3% 21% -42% 24% 1.6425 $4,081,044,312 GL1 Globallith -3% -11% -27% -38% 1.14 $304,510,400 MLS Metals Australia -3% 6% 9% -17% 0.037 $23,713,375 DLI Delta Lithium -3% 3% -44% 0% 0.4625 $326,849,945 LRV Larvottoresources -3% -20% -41% -50% 0.07 $15,299,938 RAS Ragusa Minerals Ltd -3% -17% -46% -70% 0.035 $5,133,556 NIS Nickelsearch -3% -34% 17% -56% 0.069 $15,161,514 LIS Lisenergylimited -3% -20% -31% -48% 0.165 $108,834,039 GSM Golden State Mining -3% -19% -68% -66% 0.0145 $4,190,559 AZL Arizona Lithium Ltd -3% -26% -9% -53% 0.029 $110,186,126 AGY Argosy Minerals Ltd -3% -15% -64% -75% 0.14 $203,639,087 ASN Anson Resources Ltd -3% -3% -10% -24% 0.14 $186,432,180 OZM Ozaurum Resources -3% 22% 233% 112% 0.14 $23,018,750 LEL Lithenergy -4% -8% -36% -29% 0.55 $58,715,700 CC9 Chariot Corporation -4% -13% 0% 0% 0.55 $41,798,994 LM1 Leeuwin Metals Ltd -4% -33% -66% 0% 0.135 $6,442,188 QPM Queensland Pacific -4% -5% -47% -52% 0.053 $110,689,717 LRS Latin Resources Ltd -4% 47% -17% 170% 0.265 $768,296,705 NMT Neometals Ltd -4% 4% -59% -75% 0.1975 $127,651,515 LKE Lake Resources -4% 0% -57% -84% 0.13 $192,030,035 MMC Mitremining -4% -4% -17% -11% 0.25 $14,738,783 JLL Jindalee Lithium Ltd -4% -2% -46% -50% 0.94 $59,280,315 TON Triton Min Ltd -4% 10% -32% -36% 0.023 $37,472,631 TMB Tambourahmetals -4% -28% 27% 10% 0.115 $9,952,842 IPT Impact Minerals -4% 5% -18% 64% 0.0115 $34,376,447 CY5 Cygnus Metals Ltd -4% -18% -58% -70% 0.115 $34,987,097 TMB Tambourahmetals -4% -28% 27% 10% 0.115 $9,952,842 LNR Lanthanein Resources -4% 83% -27% -48% 0.011 $14,832,837 JNO Juno -4% -4% 59% 15% 0.11 $20,923,705 CAI Calidus Resources -5% 3% 21% -24% 0.205 $131,531,381 JBY James Bay Minerals -5% -19% 0% 0% 0.3 $10,220,175 GLN Galan Lithium Ltd -5% 13% -20% -35% 0.695 $258,034,764 PMT Patriotbatterymetals -5% 2% -38% 43% 1.075 $516,920,817 WCN White Cliff Min Ltd -5% -14% 36% -32% 0.0095 $12,765,593 G88 Golden Mile Res Ltd -5% -10% -64% -7% 0.019 $6,587,790 CHR Charger Metals -6% -31% -66% -62% 0.17 $13,088,586 SYA Sayona Mining Ltd -6% 6% -62% -65% 0.066 $720,530,721 WR1 Winsome Resources -6% -10% -37% -16% 1.03 $203,489,381 ZEO Zeotech Limited -6% -18% -31% -34% 0.031 $57,202,961 PNN Power Minerals Ltd -7% -13% -45% -60% 0.21 $19,659,623 WML Woomera Mining Ltd -7% 13% 108% 42% 0.027 $34,617,142 IMI Infinitymining -7% 8% 8% -53% 0.13 $16,625,475 MHK Metalhawk. -7% -16% 0% -21% 0.13 $13,918,022 RGL Riversgold -8% -25% -20% -60% 0.012 $12,579,599 VUL Vulcan Energy -9% 5% -39% -60% 2.56 $483,525,152 PL3 Patagonia Lithium -12% -19% -41% 0% 0.11 $6,141,063 BMM Balkanminingandmin -13% -22% -49% -68% 0.105 $8,524,862 AL8 Alderan Resource Ltd -17% -29% -23% -29% 0.005 $6,641,168 MTM MTM Critical Metals -23% 194% -33% -11% 0.0705 $9,148,212

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Today’s Top News

Pan Asia and Loyal Lithium continued to climb on big Tuesday announcements.

PAM inked binding agreements to buy one of the largest lithium brine projects in South America.

The 1200sqkm Tama Atacama project in Chile comes with “extensive” lithium surface anomalies with elevated lithium results up to 2,200ppm lithium and averaging 700ppm Li extending over 160km north to south. That’s high grade.

Meanwhile, LLI has stumbled across a 2.8m long spodumene ‘Mega Crystal’ while channel sampling at its Trieste project in James Bay, Quebec.

These crystals, which usually grade 5-7% lithium, are all over joint at Trieste, which is a stone’s throw from $200m capped Winsome Resources’ (ASX:WR1) Adina-Jamar project.

The ASX has told early stage explorer Infinity Mining (ASX:IMI) to retract an aspirational presentation comparing its trajectory to that of 2023 Pilbara lithium standouts Azure Mining (ASX:AZS) and Wildcat Resources (ASX:WC8).

The company said it was “rapidly evolving into the next major lithium developer in Australia”, despite having no resource or a major discovery of any kind. Points for effort.

The retraction means little, as the December 29 presso is still available and is actually linked in the retraction announcement.

The $16m capped stock was down 7% near Wednesday close.

And DY6 Metals (ASX:DY6) has a 6-month option to buy 80% of the Karonga project, which borders an existing prospecting license application in northern Malawi.

Early-stage rock kicking has identified a number of pegmatites of up to 500m metres in length with the potential to host lithium mineralisation, the company says.

Detailed mapping and sampling will kick off early this year, it says.

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