Eye on Lithium: Super effort, that – AustralianSuper envisions lithium fightback

Estimated read time 8 min read

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Your lithium roundup for Thursday January 18.

 

AustralianSuper still likes lithium

There’s nothing more Australian than Travis Head belting a fighting ton at the Adelaide Oval. But AustralianSuper gives it a go with name, at the very least.

Perhaps taking a punt on lithium stocks has become inherently Aussie, because that’s exactly what the country’s largest pension firm has reaffirmed this week, in an encouraging endorsement for a sector that by and large struggled through 2023.

A Bloomberg report has revealed that the fund, which oversees about $300 billion in pension savings, plans to double its exposure to local lithium stocks over the next five years.

Buying the dip? You bet. The lithium sector’s price capitulation has been galling for many a lithium stock holder (no, not you, WC8 fans), but AustralianSuper clearly sees an opportunity and belief in the long-term EV/clean energy narrative.

Says the super fund’s Luke Smith, a senior portfolio manager, targeting lithium stocks is a strategic play based on belief in a continued global shift towards electric vehicles – demand for which should play out for more than a decade.

“The biggest opportunities for us as investors at AustralianSuper is when the prices are at cycle bottoms,” Smith said, adding that he also sees “lots of opportunities” in nickel, cobalt and graphite as key materials in the energy transition.

The lithium sector and the other critical minerals are likely to be “an attractive place to invest” over the next five years, he said.

And what’s the fund into? For one, Pilbara Minerals (ASX:PLS) – probably as safe a lithium play as you’ll find. AustralianSuper increased its stake in the company to 6.12% earlier this month.

According to Bloomberg, it now holds about $1 billion in Australian producers of the EV material, which Smith expects to increase to between A$2.5 billion and A$3 billion over the five-year period.

“Through 2022 and in early ‘23, we took money off the table in lithium as the price spiked well beyond the cost curve,” added Smith.

“Clearly, we’re seeing now the opportunity become more attractive.”

 

Wednesday: FULLY CHARGED

Woomera Mining (ASX:WML) +29%

Flynn Gold (ASX:FG1) +15%

Sabre Resources (ASX:SBR) +10%

 

Wednesday: RUNNING LOW

Metal Hawk (ASX:MHK) -25%

Morella Mining (ASX:1MC) -20%

Terrain Minerals (ASX:TMX) -17%

 

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] and [email protected]

CODE COMPANY TODAY WEEK 1 MONTH % 12 MONTH % PRICE MARKET CAP ADV Ardiden Ltd 3% 3% 6% -49% 0.175 $10,627,976 AGY Argosy Minerals Ltd -2% -10% -10% -82% 0.1125 $161,506,862 1MC Morella Corporation -20% -20% -33% -75% 0.004 $30,893,997 AML Aeon Metals Ltd. 0% 5% 11% -66% 0.01 $10,964,006 ASN Anson Resources Ltd 0% -4% -18% -39% 0.115 $147,860,004 AVZ AVZ Minerals Ltd 0% 0% 0% 0% 0.78 $2,752,409,203 CXO Core Lithium 2% 11% -31% -79% 0.21 $438,071,787 EMH European Metals Hldg -3% -14% -41% -52% 0.32 $41,657,720 EUR European Lithium Ltd 0% -5% 32% 2% 0.087 $121,298,808 GLN Galan Lithium Ltd -2% -13% 0% -51% 0.5675 $205,013,922 INF Infinity Lithium -6% -7% -10% -26% 0.092 $45,334,025 INR Ioneer Ltd -4% -7% 9% -76% 0.125 $274,483,579 JLL Jindalee Lithium Ltd 8% 25% 40% -39% 1.14 $64,119,524 LIT Lithium Australia 2% -5% -2% -39% 0.0295 $35,443,558 LKE Lake Resources 0% -9% -19% -87% 0.105 $149,356,694 LPD Lepidico Ltd -7% -7% -19% -57% 0.0065 $53,468,156 LPI Lithium Pwr Int Ltd 0% 0% 3% 16% 0.5575 $358,696,328 LTR Liontown Resources -13% -19% -18% -21% 1.185 $3,293,899,267 MIN Mineral Resources. -2% -7% -12% -33% 58.53 ############# MLS Metals Australia 3% 0% 3% -26% 0.035 $21,217,230 AKE Allkem Limited 0% 0% 18% -13% 9.83 $6,304,350,967 PLL Piedmont Lithium Inc -6% -19% -36% -66% 0.2925 $119,631,635 PLS Pilbara Min Ltd -1% -5% -11% -14% 3.495 ############# QPM Queensland Pacific -6% -13% -12% -59% 0.045 $96,601,935 PSC Prospect Res Ltd -4% -4% -1% -34% 0.082 $39,383,217 RLC Reedy Lagoon Corp. 0% 0% 0% -48% 0.005 $3,097,704 SYA Sayona Mining Ltd -5% -19% -32% -80% 0.0445 $483,784,913 TKL Traka Resources 0% 0% -36% -64% 0.002 $1,750,659 TON Triton Min Ltd 2% -2% -2% -42% 0.0215 $32,789,246 VUL Vulcan Energy -3% -9% -17% -70% 2.09 $369,956,967 GL1 Globallith -7% -35% -57% -74% 0.57 $160,063,159 BMM Balkanminingandmin 0% 0% -5% -68% 0.1 $7,104,051 LEL Lithenergy 2% -3% -10% -34% 0.52 $52,535,100 ARN Aldoro Resources -5% -12% 1% -63% 0.084 $11,846,889 NMT Neometals Ltd -6% -21% -8% -81% 0.17 $112,084,257 IGO IGO Limited -4% -8% -20% -51% 7.14 $5,649,217,885 AAJ Aruma Resources Ltd 0% 4% 4% -66% 0.027 $5,316,071 PAM Pan Asia Metals -3% -6% 19% -60% 0.155 $26,850,684 AX8 Accelerate Resources 0% -3% -25% 7% 0.03 $17,193,053 AM7 Arcadia Minerals 0% 1% -10% -68% 0.07 $7,633,507 AS2 Askarimetalslimited 0% 0% -16% -77% 0.16 $12,472,034 BYH Bryah Resources Ltd 0% -14% -4% -53% 0.012 $5,203,287 EMS Eastern Metals 0% 0% 9% -59% 0.036 $2,967,345 FG1 Flynngold 15% 13% 25% -36% 0.06 $7,577,661 FRS Forrestaniaresources -3% 0% -3% -81% 0.03 $5,015,358 GSM Golden State Mining 0% -8% -25% -74% 0.012 $3,352,448 IMI Infinitymining 0% 8% -10% -52% 0.13 $15,437,941 LRV Larvottoresources -3% -7% -16% -58% 0.066 $15,205,592 MMC Mitremining 2% -8% -6% -23% 0.22 $12,187,839 RAG Ragnar Metals Ltd 0% -4% 5% 85% 0.023 $10,901,562 CTN Catalina Resources 0% -13% -30% -59% 0.0035 $4,334,704 TMB Tambourahmetals -10% -14% -27% -14% 0.095 $8,708,737 TEM Tempest Minerals 0% 0% 0% -71% 0.008 $4,152,995 EMC Everest Metals Corp -5% -8% -5% -27% 0.077 $13,225,932 WCN White Cliff Min Ltd 13% 70% 70% 21% 0.017 $19,152,890 WML Woomera Mining Ltd 29% -64% -68% -50% 0.009 $8,526,973 AZL Arizona Lithium Ltd -2% -6% -37% -63% 0.0245 $93,921,772 CRR Critical Resources -6% -16% -20% -63% 0.016 $30,223,455 KGD Kula Gold Limited 8% -19% -19% -52% 0.013 $5,032,389 LRS Latin Resources Ltd -7% -1% -5% 81% 0.2175 $657,120,207 PNN Power Minerals Ltd -3% -5% -16% -66% 0.185 $16,601,459 WR1 Winsome Resources -5% -18% -32% -60% 0.7 $141,180,938 KZR Kalamazoo Resources 0% -35% -5% -52% 0.1 $17,301,782 MTM MTM Critical Metals -1% -37% 248% -10% 0.073 $7,358,344 QXR Qx Resources Limited 0% -5% -16% -57% 0.021 $23,311,635 SCN Scorpion Minerals 3% 0% -18% -57% 0.031 $12,283,686 AZI Altamin Limited 0% 9% 21% -25% 0.063 $26,971,682 ENT Enterprise Metals 0% 0% 0% -60% 0.004 $3,207,884 KAI Kairos Minerals Ltd 0% -7% -13% -40% 0.013 $34,071,858 STM Sunstone Metals Ltd 0% -14% -8% -73% 0.012 $41,852,819 PGD Peregrine Gold 5% 5% 43% -33% 0.33 $21,103,892 AVW Avira Resources Ltd 0% 0% 100% -33% 0.002 $4,267,580 NVA Nova Minerals Ltd 2% -3% -15% -52% 0.33 $68,539,237 GT1 Greentechnology -5% -21% -28% -79% 0.19 $63,450,419 BNR Bulletin Res Ltd -5% -20% -17% -5% 0.1 $30,829,399 CAI Calidus Resources 2% 8% 20% -44% 0.21 $125,525,802 MRR Minrex Resources Ltd 0% 0% -12% -63% 0.015 $16,273,013 A8G Australasian Metals 0% -10% -10% -33% 0.135 $7,036,267 EFE Eastern Resources 6% 6% -6% -53% 0.0085 $9,935,572 MQR Marquee Resource Ltd 0% -11% -14% -45% 0.024 $9,921,225 SRZ Stellar Resources 8% -19% -19% -57% 0.0065 $6,894,159 LSR Lodestar Minerals 0% 17% -13% -30% 0.0035 $7,081,891 NWM Norwest Minerals 0% -19% -4% -61% 0.026 $7,476,807 AOA Ausmon Resorces 0% 0% 0% -50% 0.003 $3,020,998 VKA Viking Mines Ltd -7% 0% 17% 100% 0.014 $15,378,876 IPT Impact Minerals 0% 0% 20% 20% 0.012 $34,376,447 SRI Sipa Resources Ltd -4% 0% -14% -42% 0.025 $5,932,112 VMC Venus Metals Cor Ltd 0% -3% -16% 19% 0.097 $18,403,682 RGL Riversgold 5% -15% -8% -61% 0.011 $10,160,445 ZNC Zenith Minerals Ltd 0% 26% 3% -32% 0.17 $59,904,750 RAS Ragusa Minerals Ltd -3% 19% 3% -68% 0.038 $5,561,353 G88 Golden Mile Res Ltd 0% -6% -6% -27% 0.017 $5,599,622 EPM Eclipse Metals -11% 0% 14% -62% 0.008 $18,562,988 EVR Ev Resources Ltd 0% 8% 44% -13% 0.013 $14,294,648 WC8 Wildcat Resources -10% -23% -37% 1483% 0.475 $633,794,205 MNS Magnis Energy Tech 0% 0% 0% -90% 0.042 $50,378,922 RIO Rio Tinto Limited 0% -2% -4% 5% 126.89 ############# THR Thor Energy PLC 3% 16% 42% -38% 0.037 $6,697,308 YAR Yari Minerals Ltd 0% 22% 22% -35% 0.011 $5,305,936 MXR Maximus Resources 0% 14% 20% -5% 0.042 $13,479,722 DRE Dreadnought Resources Ltd 4% 0% -13% -72% 0.027 $90,455,897 MM1 Midasmineralsltd 0% 0% 4% -28% 0.13 $11,277,142 M2R Miramar 0% 20% 11% -58% 0.03 $4,466,086 LLI Loyal Lithium Ltd -6% -25% -2% -15% 0.305 $27,068,379 LRD Lordresourceslimited 0% 9% -11% -67% 0.062 $2,302,192 WMC Wiluna Mining Corp 0% 0% 0% 0% 0.205 $74,238,031 AUN Aurumin -3% 11% 36% -54% 0.03 $11,111,736 ZEO Zeotech Limited 0% -3% -20% -36% 0.028 $48,535,846 ALY Alchemy Resource Ltd 0% -10% -10% -50% 0.009 $10,602,686 LIS Lisenergylimited -6% -9% -21% -60% 0.15 $102,432,037 GW1 Greenwing Resources -9% -20% 11% -69% 0.1 $19,167,663 KTA Krakatoa Resources -4% -29% -46% -46% 0.022 $10,858,466 TYX Tyranna Res Ltd -3% -6% -3% -30% 0.016 $54,242,518 DAF Discovery Alaska Ltd 0% 0% 59% 4% 0.027 $6,324,337 FTL Firetail Resources 0% -9% -22% -54% 0.064 $9,529,956 IR1 Irismetals -10% -20% -36% -43% 0.665 $95,171,462 LNR Lanthanein Resources 0% -18% -10% -57% 0.009 $11,608,307 DAL Dalaroometalsltd -8% -4% 5% -74% 0.023 $2,068,750 TKM Trek Metals Ltd -2% 3% -9% -45% 0.041 $21,549,228 CY5 Cygnus Metals Ltd 0% -13% -23% -75% 0.1 $29,155,914 TUL Tulla Resources 0% -100% -100% -100% 0 $118,262,971 WES Wesfarmers Limited 0% 0% 3% 16% 56.96 ############# LLL Leolithiumlimited 0% 0% 0% -10% 0.505 $498,553,663 OCN Oceanalithiumlimited -7% -15% -31% -83% 0.079 $4,596,503 A11 Atlantic Lithium -2% -2% -19% -41% 0.395 $255,321,509 CMD Cassius Mining Ltd -3% -3% 3% 75% 0.035 $18,093,980 VSR Voltaic Strategic 0% -16% -24% -36% 0.016 $7,729,662 SGQ St George Min Ltd -3% -6% -9% -56% 0.032 $32,476,246 LLO Lion One Metals Ltd 0% 3% -3% -17% 0.93 $14,252,921 PAT Patriot Lithium -3% -22% -30% -52% 0.14 $9,934,984 PL3 Patagonia Lithium 0% 0% 8% 0% 0.13 $6,386,705 BUR Burleyminerals 8% -7% -21% -43% 0.135 $12,912,095 CHR Charger Metals 0% 10% -3% -60% 0.17 $13,161,443 RMX Red Mount Min Ltd 0% 0% 0% -25% 0.003 $8,020,728 DLI Delta Lithium 0% -16% -43% -36% 0.285 $202,868,598 LM1 Leeuwin Metals Ltd 0% -4% -19% 0% 0.125 $5,856,459 ENT Enterprise Metals 0% 0% 0% -60% 0.004 $3,207,884 FIN FIN Resources Ltd 0% -14% 0% 19% 0.019 $12,336,105 DTM Dart Mining NL 0% 0% 0% -70% 0.016 $3,641,274 NIS Nickelsearch -10% -33% -42% -71% 0.044 $10,463,580 EG1 Evergreenlithium -4% -24% -32% 0% 0.13 $7,591,050 MAN Mandrake Res Ltd 0% 18% 2% 0% 0.045 $27,709,196 FBM Future Battery -7% -11% -4% 13% 0.065 $37,362,919 LPM Lithium Plus -2% -17% -36% -32% 0.25 $21,926,991 KOB Kobaresourceslimited 5% 43% 20% -23% 0.1 $10,014,583 EMC Everest Metals Corp -5% -8% -5% -27% 0.077 $13,225,932 LRD Lordresourceslimited 0% 9% -11% -67% 0.062 $2,302,192 IEC Intra Energy Corp 0% -25% 0% -57% 0.003 $4,982,345 REC Rechargemetals -8% -13% -17% -37% 0.082 $9,910,326 SLM Solismineralsltd 0% -20% -17% 14% 0.12 $9,408,085 AZS Azure Minerals 0% 0% 2% 1052% 3.685 $1,687,940,836 DYM Dynamicmetalslimited 0% -11% 14% -11% 0.16 $5,760,000 TOR Torque Met 0% -16% 2% 31% 0.21 $28,040,057 SBR Sabre Resources 10% 7% 10% -33% 0.032 $10,500,574 ICL Iceni Gold -12% -22% -9% -62% 0.051 $14,172,714 TMX Terrain Minerals -17% 0% 25% -17% 0.005 $8,120,567 MHC Manhattan Corp Ltd 0% 25% 25% -29% 0.005 $14,684,899 MHK Metalhawk. -25% -22% -31% -42% 0.09 $11,929,734 NKL Nickelxltd -14% -33% -23% -61% 0.031 $3,161,346 TMB Tambourahmetals -10% -14% -27% -14% 0.095 $8,708,737 ANX Anax Metals Ltd 9% -11% -25% -61% 0.024 $10,637,388 PMT Patriotbatterymetals -6% -21% -35% -17% 0.77 $413,280,131 BM8 Battery Age Minerals -3% -14% 0% -62% 0.19 $17,381,713 L1M Lightning Minerals 0% 5% -21% -39% 0.115 $4,855,882 ADG Adelong Gold Limited 0% 0% 0% -77% 0.005 $3,498,278 TOR Torque Met 0% -16% 2% 31% 0.21 $28,040,057 AL8 Alderan Resource Ltd 0% 0% -9% -38% 0.005 $5,534,307 OZM Ozaurum Resources 5% -13% -5% 27% 0.105 $15,875,000 FL1 First Lithium Ltd -3% -30% -26% 64% 0.295 $21,365,758 PLN Pioneer Lithium -6% -11% -18% 0% 0.165 $4,974,375 WYX Western Yilgarn NL -1% -3% -3% -16% 0.092 $4,618,148 RDN Raiden Resources Ltd -10% -21% -18% 374% 0.027 $79,696,953 PFE Panteraminerals 0% 12% -7% -62% 0.055 $7,294,240 GRE Greentechmetals -14% -19% -36% 148% 0.31 $29,078,120 OLY Olympio Metals Ltd -11% -19% -23% -43% 0.085 $6,041,952 SUM Summitminerals 5% 10% 5% -21% 0.11 $5,003,998 JBY James Bay Minerals 0% -7% -17% 0% 0.25 $8,111,250 SCN Scorpion Minerals 3% 0% -18% -57% 0.031 $12,283,686 JNO Juno 0% 0% 5% 7% 0.105 $19,104,252 CC9 Chariot Corporation -7% -29% -34% 0% 0.39 $30,799,259 OBM Ora Banda Mining Ltd 1% 1% 8% 142% 0.2325 $392,557,070 RON Roninresourcesltd 0% -6% -28% -6% 0.155 $5,707,877 ASR Asra Minerals Ltd -14% -14% -25% -68% 0.006 $11,455,470 PFE Panteraminerals 0% 12% -7% -62% 0.055 $7,294,240 TG6 Tgmetalslimited -7% -20% -34% 136% 0.26 $15,144,127 HAW Hawthorn Resources 0% -2% -1% -11% 0.098 $32,831,530 KM1 Kalimetalslimited -2% -27% 0% 0% 0.555 $43,133,284 AEV Avenira Limited 0% 0% -8% -40% 0.012 $26,058,859

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