High Voltage: Get out the long lens – lithium demand will quadruple by 2030, says Benchmark

Estimated read time 12 min read

Big lithium demand is still in play, says Benchmark, if you’re patient
And here’s another factor: lithium produced from sustainable sources is struggling to meet demand
ASX battery metal stocks so far this week led by: AQD, NIC, NKL

 

As the negative lithium and nickel narratives continue into this year, it’s not so easy to get the drill rig into the right spot to mine for positivity.

But there is some there. In fact, we’ve made some visual confirmation and are just rounding up some results from the lab to back it up.

Essentially, what we’re saying, though, is – we’re sighting some good vibes amid downright bad news this week for crucial battery metals. Let’s start with the latter.

Perth-based IGO – the joint venture partner with China’s Tianqi in Australia’s biggest lithium mine (that’d be Greenbushes, of which Albermarle owns 49%) has announced it’s reducing lithium production, and halting one of its nickel operations – Cosmos.

Perth-based IGO has confirmed to the ASX this week that production cuts to its Greenbushes operations have come due to a weak global lithium market and apparent lowered demand for battery-grade lithium chemicals. The mine’s expected output now drops from 1.4 to 1.5 million tonnes, to 1.3 to 1.4 million tonnes, and the company said sales would be 20 per cent lower than production.

Meanwhile the Cosmos production halt has been made amid nickel prices, like global lithium prices, also taking a long walk off a short pier.

Read Josh Chiat’s latest Monsters of Rock for some deeper insight on this, in which he also examines growing concerns at Sayona Mining (ASX:SYA), Canada’s only active lithium producer, and Chinese lithium giant Ganfeng reporting a profit warning indicating its non-recurring profit would be down some 82.96-88.47% for 2023.

 

So how about that good news, then?

It’s better news, anyway, and as usual it requires a bit of a longer lens.

It’s being pushed by Benchmark Mineral Intelligence, which is one of the leading groups of analysts assessing prices, supply chain data and forecasting for the global lithium market. Grain of salt if you like.

The London-based price-reporting agency noted, according to its Lithium ion Battery Database that lithium ion battery demand is forecast to grow almost four-fold between 2023 and 2030 to 3.9 terawatt-hours.

This growth in battery demand, says Benchmark, will result in a corresponding surge in demand for critical raw materials as a whole.

And, according to the agency’s newly released Lithium Forecast for 2024:

“In 2015, batteries accounted for just 34% of lithium demand. In 2024, batteries are expected to account for 88% of the 1.2 million tonne demand.”

 

The sustainability supply-demand spin

Benchmark also throws an interesting metric into on the supply-demand sandwich – sustainability.

“Although a near-term surplus of lithium is forecast until 2029, there is a growing desire from automakers and consumers for lithium sourced sustainably,” notes the firm, adding:

Benchmark’s Lithium Sustainability Index shows there is currently insufficient supply of lithium from companies with good environmental, social and governance (ESG) practices to meet demand now and in the future.”

“The question of provenance becomes the most important question of them all,” Cameron Perks, principal analyst for lithium at Benchmark, said during a Benchmark webinar last week.

Hmm, is this a reach?

Perhaps not when you consider the fact sustainability and ESG is a big, growing factor that’s driving many a commercial-based decision these days.

“The sourcing strategies, particularly for OEMs, is that they’re looking for industry leading, good practice companies to fulfil their lithium requirements in order to fulfil, say, decarbonisation goals, not just for the company, but for the country they’re operating in,” Perks said.

That’s all well and good, but Benchmark reckons the supply of such lithium is limited, noting that by 2026, lithium from recycled sources or mined by companies with industry leading or good ESG practices is set to meet 45% of demand but drop to 35% by 2030.

Lithium, EVs, clean energy, sustainability… guess it all ties in, doesn’t it, giving some validity to this angle.

 

ASX battery metals form guide:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop. (Note: figures accurate per ASX at 4pm Jan 31.) 

Stocks missing from this list? Email [email protected] 

Code Company Price % Week % Month % Year Market Cap PVW PVW Res Ltd 0.046 -8% -4% -62% $4,563,215 A8G Australasian Metals 0.1 -20% -41% -47% $6,515,062 INF Infinity Lithium 0.086 -3% -14% -36% $40,708,104 LPI Lithium Pwr Int Ltd 0.56 1% 2% 29% $355,493,683 PSC Prospect Res Ltd 0.083 1% -7% -28% $37,066,557 PAM Pan Asia Metals 0.16 0% 28% -58% $26,850,684 CXO Core Lithium 0.195 0% -22% -83% $416,702,431 LOT Lotus Resources Ltd 0.365 16% 28% 46% $614,338,468 AGY Argosy Minerals Ltd 0.1 10% -26% -84% $140,440,750 AZS Azure Minerals 3.64 -1% -2% 1038% $1,669,593,653 NWC New World Resources 0.04 3% 3% -30% $83,934,206 QXR Qx Resources Limited 0.017 0% -26% -65% $18,871,324 GSR Greenstone Resources 0.008 0% 14% -72% $10,944,908 CAE Cannindah Resources 0.078 -9% -22% -68% $45,090,236 AZL Arizona Lithium Ltd 0.021 -9% -32% -70% $82,651,159 RIL Redivium Limited 0.006 0% -14% -67% $16,385,129 COB Cobalt Blue Ltd 0.145 -26% -38% -74% $60,129,122 ESS Essential Metals Ltd 0 -100% -100% -100% $135,278,382 LPD Lepidico Ltd 0.006 0% -25% -60% $45,829,848 MRD Mount Ridley Mines 0.002 33% 0% -60% $15,569,766 CZN Corazon Ltd 0.011 -15% -27% -54% $6,771,577 LKE Lake Resources 0.092 -2% -29% -89% $138,117,698 DEV Devex Resources Ltd 0.27 2% 13% -11% $110,297,668 INR Ioneer Ltd 0.12 9% -20% -72% $263,926,518 AVZ AVZ Minerals Ltd 0.78 0% 0% 0% $2,752,409,203 MAN Mandrake Res Ltd 0.04 0% -7% -23% $25,246,157 RLC Reedy Lagoon Corp. 0.005 0% 0% -48% $3,097,704 GBR Greatbould Resources 0.06 7% -8% -31% $35,921,232 FRS Forrestaniaresources 0.026 -13% -7% -84% $4,530,001 STK Strickland Metals 0.097 -8% 2% 162% $161,049,371 MLX Metals X Limited 0.295 4% 2% -28% $267,643,490 CLA Celsius Resource Ltd 0.011 0% -8% -35% $24,706,568 FGR First Graphene Ltd 0.061 3% -14% -39% $39,537,103 HXG Hexagon Energy 0.011 0% -8% -35% $6,667,907 TLG Talga Group Ltd 0.605 6% -23% -65% $229,751,274 MNS Magnis Energy Tech 0.042 0% 0% -90% $50,378,922 OZL OZ Minerals 0 -100% -100% -100% $8,918,404,433 PLL Piedmont Lithium Inc 0.24 -13% -44% -74% $102,265,753 EUR European Lithium Ltd 0.085 -1% -19% 6% $117,116,091 BKT Black Rock Mining 0.062 -9% -26% -60% $70,228,457 QEM QEM Limited 0.185 -3% 3% -8% $28,007,467 LYC Lynas Rare Earths 5.88 -3% -18% -37% $5,477,308,809 ESR Estrella Res Ltd 0.005 0% 0% -69% $8,796,859 ARL Ardea Resources Ltd 0.42 8% -12% -44% $75,851,512 GLN Galan Lithium Ltd 0.435 -18% -37% -63% $190,875,031 JLL Jindalee Lithium Ltd 1 0% -4% -52% $61,699,919 VUL Vulcan Energy 2.14 1% -25% -70% $378,560,618 SBR Sabre Resources 0.026 0% -21% -42% $9,356,548 CHN Chalice Mining Ltd 1.115 3% -34% -83% $429,804,451 VRC Volt Resources Ltd 0.005 -17% -23% -58% $24,780,640 NMT Neometals Ltd 0.145 -6% -31% -82% $93,403,547 AXN Alliance Nickel Ltd 0.039 8% -9% -63% $28,307,745 PNN Power Minerals Ltd 0.15 -12% -29% -71% $14,417,057 IGO IGO Limited 7.56 1% -16% -48% $5,853,680,194 GED Golden Deeps 0.037 -5% -20% -63% $4,274,327 ADV Ardiden Ltd 0.175 9% 0% -49% $10,940,564 SRI Sipa Resources Ltd 0.02 -9% -20% -38% $4,563,163 NTU Northern Min Ltd 0.027 0% -10% -34% $153,685,460 AXE Archer Materials 0.31 -3% -18% -50% $79,002,574 PGM Platina Resources 0.02 5% -5% -13% $12,463,607 AAJ Aruma Resources Ltd 0.021 5% -22% -74% $4,134,722 IXR Ionic Rare Earths 0.02 5% -23% -39% $81,329,682 NIC Nickel Industries 0.795 36% 14% -27% $3,107,212,163 EVG Evion Group NL 0.03 25% -12% -53% $11,070,694 CWX Carawine Resources 0.105 0% -5% -11% $24,793,172 PLS Pilbara Min Ltd 3.55 3% -10% -25% $10,834,084,602 HAS Hastings Tech Met 0.59 -6% -20% -83% $76,973,158 BUX Buxton Resources Ltd 0.145 -3% -15% 26% $24,254,565 ARR American Rare Earths 0.13 -7% -21% -47% $62,499,262 SGQ St George Min Ltd 0.024 -17% -29% -68% $25,702,051 TKL Traka Resources 0.002 0% -33% -68% $3,501,317 PAN Panoramic Resources 0.035 0% 0% -81% $103,937,992 PRL Province Resources 0.041 0% 0% -34% $48,441,219 IPT Impact Minerals 0.012 -8% 9% 20% $34,376,447 LIT Lithium Australia 0.027 -7% -10% -44% $34,221,367 AKE Allkem Limited 0 -100% -100% -100% $6,304,350,967 ARN Aldoro Resources 0.11 20% -12% -56% $12,923,879 JRV Jervois Global Ltd 0.027 -10% -39% -89% $78,373,100 MCR Mincor Resources NL 0 -100% -100% -100% $751,215,521 SYR Syrah Resources 0.42 -3% -35% -81% $310,912,956 FBM Future Battery 0.052 -13% -29% -17% $24,019,019 ADD Adavale Resource Ltd 0.006 -25% -14% -70% $5,272,619 LTR Liontown Resources 1.03 10% -38% -34% $2,482,534,374 CTM Centaurus Metals Ltd 0.29 0% -46% -74% $148,457,290 VML Vital Metals Limited 0.005 0% -23% -81% $29,475,335 BSX Blackstone Ltd 0.0605 -2% -14% -62% $31,994,376 POS Poseidon Nick Ltd 0.008 14% -33% -80% $25,994,743 CHR Charger Metals 0.12 -14% -27% -66% $9,290,430 AVL Aust Vanadium Ltd 0.021 5% 0% -25% $99,372,136 AUZ Australian Mines Ltd 0.009 -25% -10% -83% $9,591,784 TMT Technology Metals 0.26 0% 8% -19% $67,134,856 RXL Rox Resources 0.18 14% -3% -3% $66,483,767 RNU Renascor Res Ltd 0.081 -10% -38% -68% $215,849,637 GL1 Globallith 0.505 -11% -58% -78% $144,447,241 BRB Breaker Res NL 0 -100% -100% -100% $158,126,031 ASN Anson Resources Ltd 0.084 -12% -40% -72% $120,859,482 SYA Sayona Mining Ltd 0.04 -9% -44% -85% $432,318,433 FFX Firefinch Ltd 0.2 0% 0% 0% $236,569,315 EGR Ecograf Limited 0.13 -4% -7% -40% $61,294,296 ATM Aneka Tambang 1.15 -2% -3% 5% $1,531,788 TVN Tivan Limited 0.055 -7% -8% -29% $88,018,517 ALY Alchemy Resource Ltd 0.008 -11% -20% -53% $9,424,610 GAL Galileo Mining Ltd 0.21 -5% -26% -75% $42,489,359 BHP BHP Group Limited 47.27 1% -6% -4% $238,484,206,978 LEL Lithenergy 0.37 -19% -36% -56% $35,538,450 MMC Mitremining 0.22 10% -19% -21% $12,471,278 RMX Red Mount Min Ltd 0.003 0% 0% -50% $8,020,728 GW1 Greenwing Resources 0.09 -8% -33% -70% $15,682,633 AQD Ausquest Limited 0.014 40% 27% -13% $11,552,089 LML Lincoln Minerals 0.006 20% 0% -87% $8,520,226 1MC Morella Corporation 0.005 25% -9% -64% $24,715,198 REE Rarex Limited 0.021 -5% -25% -67% $13,667,731 MRC Mineral Commodities 0.015 -50% -53% -73% $25,596,288 PUR Pursuit Minerals 0.005 -17% -38% -75% $17,663,828 QPM Queensland Pacific 0.037 -3% -33% -66% $80,501,612 EMH European Metals Hldg 0.29 4% -32% -59% $37,870,655 BMM Balkanminingandmin 0.083 -8% -25% -78% $6,393,646 PEK Peak Rare Earths Ltd 0.245 -9% -30% -44% $69,144,858 LEG Legend Mining 0.017 31% 21% -61% $46,471,635 MOH Moho Resources 0.009 -10% -10% -59% $4,823,470 AML Aeon Metals Ltd. 0.009 0% -18% -70% $9,867,606 G88 Golden Mile Res Ltd 0.015 -6% -21% -33% $4,940,843 WKT Walkabout Resources 0.13 13% -7% 37% $83,907,681 TON Triton Min Ltd 0.0175 -3% -24% -54% $29,666,461 AR3 Austrare 0.125 -14% -17% -59% $20,041,575 ARU Arafura Rare Earths 0.13 4% -21% -76% $311,890,796 MIN Mineral Resources. 59.95 8% -14% -33% $11,875,142,280 VMC Venus Metals Cor Ltd 0.1 2% 0% 11% $18,972,868 S2R S2 Resources 0.15 7% -9% -9% $65,664,409 CNJ Conico Ltd 0.004 0% -20% -67% $6,280,380 VR8 Vanadium Resources 0.038 -14% -30% -49% $21,291,408 PVT Pivotal Metals Ltd 0.019 6% -24% -53% $13,378,247 BOA Boadicea Resources 0.03 -3% -17% -70% $3,692,709 IPX Iperionx Limited 1.82 10% 31% 102% $418,314,931 SLZ Sultan Resources Ltd 0.016 7% -30% -79% $2,371,041 NKL Nickelxltd 0.043 34% 16% -43% $3,776,052 NVA Nova Minerals Ltd 0.335 -3% -7% -51% $73,811,486 MLS Metals Australia 0.032 0% -14% -37% $19,345,122 MQR Marquee Resource Ltd 0.022 10% -15% -37% $8,681,072 MRR Minrex Resources Ltd 0.013 0% -24% -65% $14,103,278 EVR Ev Resources Ltd 0.009 -10% -18% -40% $10,995,883 EFE Eastern Resources 0.008 0% 0% -53% $8,693,625 CNB Carnaby Resource Ltd 0.635 -6% -20% -40% $103,407,424 BNR Bulletin Res Ltd 0.083 -7% -41% -17% $25,250,746 AX8 Accelerate Resources 0.027 0% -36% -4% $16,074,849 AM7 Arcadia Minerals 0.065 -7% -11% -72% $7,524,457 AS2 Askarimetalslimited 0.12 -11% -31% -80% $10,133,528 BYH Bryah Resources Ltd 0.012 0% -8% -49% $4,769,680 DTM Dart Mining NL 0.014 0% -18% -74% $3,186,115 EMS Eastern Metals 0.033 -8% -6% -61% $2,390,361 FG1 Flynngold 0.06 -2% 15% -39% $8,743,455 GSM Golden State Mining 0.011 -8% -27% -74% $3,352,448 IMI Infinitymining 0.12 14% -14% -53% $13,062,873 LRV Larvottoresources 0.071 9% 1% -57% $16,547,262 LSR Lodestar Minerals 0.0025 -17% -38% -38% $5,058,493 RAG Ragnar Metals Ltd 0.022 -4% -8% 65% $10,427,581 CTN Catalina Resources 0.004 33% -11% -60% $3,715,461 TMB Tambourahmetals 0.085 -3% -26% -19% $7,298,751 TEM Tempest Minerals 0.0075 0% -6% -71% $3,893,433 EMC Everest Metals Corp 0.076 -1% -5% -21% $12,978,366 WML Woomera Mining Ltd 0.005 -17% -83% -71% $6,090,695 KZR Kalamazoo Resources 0.094 -4% -22% -56% $16,263,675 LMG Latrobe Magnesium 0.058 7% -9% -21% $110,958,195 KOR Korab Resources 0.011 -31% -31% -54% $4,037,550 CMX Chemxmaterials 0.067 -12% -18% -57% $6,253,993 NC1 Nicoresourceslimited 0.235 -2% -32% -63% $26,754,141 GRE Greentechmetals 0.245 0% -47% 104% $19,789,276 CMO Cosmometalslimited 0.062 0% 0% -60% $2,523,193 FRB Firebird Metals 0.12 20% -17% -40% $17,083,368 S32 South32 Limited 3.35 0% 1% -26% $15,127,723,617 OMH OM Holdings Limited 0.46 -5% 3% -42% $367,803,264 JMS Jupiter Mines. 0.185 6% 12% -20% $352,710,957 E25 Element 25 Ltd 0.275 -8% -35% -72% $60,908,494 EMN Euromanganese 0.084 -2% -16% -74% $20,593,297 KGD Kula Gold Limited 0.009 -25% -40% -68% $3,385,695 LRS Latin Resources Ltd 0.17 -3% -40% 55% $475,363,554 CRR Critical Resources 0.014 0% -33% -74% $23,112,054 ENT Enterprise Metals 0.004 0% 0% -60% $3,207,884 SCN Scorpion Minerals 0.025 -11% -24% -71% $11,464,773 GCM Green Critical Min 0.006 -14% -33% -69% $6,819,510 ENV Enova Mining Limited 0.017 -15% 13% 42% $13,459,516 RBX Resource B 0.075 0% 0% -17% $6,201,336 AKN Auking Mining Ltd 0.036 3% -23% -69% $7,601,672 RR1 Reach Resources Ltd 0.003 0% -25% -14% $9,630,891 EMT Emetals Limited 0.007 0% 0% -36% $5,950,000 PNT Panthermetalsltd 0.05 0% -17% -73% $4,358,308 WIN Widgienickellimited 0.075 -6% -19% -80% $25,623,275 WMG Western Mines 0.19 6% -27% 12% $12,837,644 AVW Avira Resources Ltd 0.002 0% 0% -20% $4,267,580 CAI Calidus Resources 0.195 0% -9% -29% $116,375,516 GT1 Greentechnology 0.155 -3% -46% -83% $46,001,554 KAI Kairos Minerals Ltd 0.013 8% -7% -32% $41,934,595 MTM MTM Critical Metals 0.075 -6% 10% -6% $8,700,745 NWM Norwest Minerals 0.024 -4% -11% -62% $6,901,668 PGD Peregrine Gold 0.3 -6% 25% -42% $20,098,944 RAS Ragusa Minerals Ltd 0.031 3% -14% -70% $4,563,161 RGL Riversgold 0.01 0% -17% -68% $9,676,615 SRZ Stellar Resources 0.007 0% 0% -50% $8,043,185 STM Sunstone Metals Ltd 0.01 -17% -33% -74% $31,389,614 ZNC Zenith Minerals Ltd 0.135 -18% -10% -45% $47,571,419 WC8 Wildcat Resources 0.4 -2% -42% 1233% $520,189,584 ASO Aston Minerals Ltd 0.018 -10% -25% -81% $22,016,093 THR Thor Energy PLC 0.033 -3% 10% -45% $6,511,271 YAR Yari Minerals Ltd 0.01 0% -13% -44% $5,305,936 IG6 Internationalgraphit 0.135 -4% -16% -46% $11,568,454 LPM Lithium Plus 0.24 0% -32% -31% $20,637,168 ODE Odessa Minerals Ltd 0.006 -14% -33% -57% $7,302,978 KOB Kobaresourceslimited 0.155 11% 121% -9% $15,812,500 AZI Altamin Limited 0.05 -9% -9% -34% $21,834,219 FTL Firetail Resources 0.059 -2% -23% -59% $8,785,428 LNR Lanthanein Resources 0.006 -14% -48% -71% $8,383,777 CLZ Classic Min Ltd 0.001 0% 0% -88% $12,357,082 NVX Novonix Limited 0.565 1% -23% -69% $283,538,023 OCN Oceanalithiumlimited 0.063 -18% -48% -83% $3,406,820 SUM Summitminerals 0.071 -23% -28% -47% $3,288,342 DVP Develop Global Ltd 2.41 21% -15% -38% $579,942,059 OD6 Od6Metalsltd 0.13 0% -7% -61% $6,876,937 HRE Heavy Rare Earths 0.049 -11% -23% -65% $3,084,884 LIN Lindian Resources 0.135 -10% -7% -40% $155,509,502 PEK Peak Rare Earths Ltd 0.245 -9% -30% -44% $69,144,858 ILU Iluka Resources 7.25 1% 10% -33% $3,097,254,836 ASM Ausstratmaterials 1.045 2% -18% -42% $183,471,180 ETM Energy Transition 0.037 -3% -5% -27% $54,602,332 VMS Venture Minerals 0.01 25% 43% -63% $19,890,117 IDA Indiana Resources 0.083 1% 4% 38% $49,834,202 VTM Victory Metals Ltd 0.215 -7% 2% 8% $17,907,924 M2R Miramar 0.024 0% 14% -70% $3,572,869 WCN White Cliff Min Ltd 0.016 7% 78% 23% $20,037,890 TAR Taruga Minerals 0.008 0% -27% -65% $5,648,214 ABX ABX Group Limited 0.071 -1% -1% -43% $17,502,822 MEK Meeka Metals Limited 0.037 -8% -8% -38% $44,449,522 RR1 Reach Resources Ltd 0.003 0% -25% -14% $9,630,891 DRE Dreadnought Resources Ltd 0.021 -13% -30% -81% $73,060,532 KFM Kingfisher Mining 0.115 -18% -23% -79% $6,177,225 AOA Ausmon Resorces 0.0025 -17% -17% -64% $2,117,999 WC1 Westcobarmetals 0.056 2% -26% -66% $6,764,819 GRL Godolphin Resources 0.043 10% 10% -55% $7,277,407 DM1 Desert Metals 0.032 -14% -37% -84% $7,962,771 PTR Petratherm Ltd 0.024 -20% -31% -69% $5,618,778 ITM Itech Minerals Ltd 0.08 -11% -27% -75% $9,774,685 KTA Krakatoa Resources 0.02 5% -44% -53% $9,442,144 M24 Mamba Exploration 0.059 7% 18% -74% $3,844,937 LNR Lanthanein Resources 0.006 -14% -48% -71% $8,383,777 TKM Trek Metals Ltd 0.037 -8% -8% -53% $19,496,921 BCA Black Canyon Limited 0.105 -5% -25% -59% $7,364,854 CDT Castle Minerals 0.007 0% -26% -68% $8,571,451 DLI Delta Lithium 0.275 -2% -41% -41% $206,427,696 A11 Atlantic Lithium 0.3775 -2% -4% -45% $253,370,931 KNI Kunikolimited 0.25 9% -17% -50% $20,314,403 CY5 Cygnus Metals Ltd 0.069 -12% -49% -86% $19,242,903 WR1 Winsome Resources 0.555 -7% -47% -76% $112,563,180 LLI Loyal Lithium Ltd 0.24 -8% -23% -52% $19,988,957 BC8 Black Cat Syndicate 0.25 6% 0% -33% $74,475,500 BUR Burleyminerals 0.105 -22% -36% -61% $10,846,159 PBL Parabellumresources 0.066 10% -6% -87% $4,111,800 L1M Lightning Minerals 0.09 -5% -36% -55% $3,800,256 WA1 Wa1Resourcesltd 10.16 2% -18% 498% $484,322,127 EV1 Evolutionenergy 0.125 -7% -11% -60% $31,773,214 1AE Auroraenergymetals 0.135 -7% 17% -13% $22,288,970 RVT Richmond Vanadium 0.335 5% 20% -12% $28,879,615 PMT Patriotbatterymetals 0.8 8% -29% -50% $405,720,129 PAT Patriot Lithium 0.125 -11% -31% -66% $8,354,056 BM8 Battery Age Minerals 0.155 -9% -18% -69% $14,681,651 OM1 Omnia Metals Group 0.078 0% 0% -54% $3,786,192 VHM Vhmlimited 0.675 13% -4% -30% $93,888,836 LLL Leolithiumlimited 0.505 0% 0% -17% $498,553,663 SRN Surefire Rescs NL 0.0095 -14% 12% -32% $19,631,578 SRL Sunrise 0.375 0% -18% -79% $32,481,899 SYR Syrah Resources 0.42 -3% -35% -81% $310,912,956 EG1 Evergreenlithium 0.12 4% -37% 0% $6,185,300 WSR Westar Resources 0.018 -10% -5% -62% $3,336,435 LU7 Lithium Universe Ltd 0.023 -4% -32% 15% $8,936,004 MEI Meteoric Resources 0.19 -7% -27% 58% $388,073,370 REC Rechargemetals 0.075 -7% -21% -42% $8,017,342 SLM Solismineralsltd 0.12 -8% -17% 41% $10,192,092 DYM Dynamicmetalslimited 0.15 7% 7% -23% $5,400,000 TOR Torque Met 0.205 8% -7% 17% $31,375,972 ICL Iceni Gold 0.047 0% -10% -57% $11,588,369 TMX Terrain Minerals 0.005 25% 0% -17% $7,158,353 MHC Manhattan Corp Ltd 0.0035 -13% -13% -50% $8,810,939 MHK Metalhawk. 0.1 5% -26% -38% $10,438,517 ANX Anax Metals Ltd 0.021 5% -30% -71% $11,120,906 FIN FIN Resources Ltd 0.018 0% -18% 13% $11,037,568 LM1 Leeuwin Metals Ltd 0.1 -20% -29% 0% $4,685,167 HAW Hawthorn Resources 0.095 -3% 2% -5% $31,826,483 LCY Legacy Iron Ore 0.017 0% 0% 0% $108,916,045 RON Roninresourcesltd 0.14 -10% -24% -13% $5,155,501 ASR Asra Minerals Ltd 0.005 -17% -29% -64% $9,818,974 PFE Panteraminerals 0.058 18% 12% -57% $7,692,108 KM1 Kalimetalslimited 0.46 -12% 0% 0% $38,934,468

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