Eye on Lithium: Prices dip, but GL1’s world just got 12pc bigger

Estimated read time 10 min read

Where’s lithium at today? We’ll start with the Chinese-flavoured “spot price”.

Lithium Price Bot says… that the lithium carbonate pricing is trending down for the moment, to the tune of about -0.31% and spot further: -0.7%.

Is the lithium sector sentiment down again? Perhaps just a tad, despite positive news stories we’re seeing here and there regarding solid demand for the battery metal. Including German interest in Aussie lithium.

2024-05-09#Lithium Carbonate 99.5% Min China Spot

Price: $15,431.60
1 day: $-48.44 (-0.31%)
YTD: 12.79%#Spodumene Concentrate (6%, CIF China)

Price: $1,134.00
1 day: $-8.0 (-0.7%)
YTD: -13.76%

Sponsored by @portofino_porhttps://t.co/yyJFOyXTrt

— Lithium Price Bot (@LithiumPriceBot) May 9, 2024

And, while we’re seeing more red than green in ASX lithium stocks on the whole today, there are still some positive movers catching the eye…

 

ASX lithium form guide

We’re borrowing one from the legends at Market Index today… intraday gainers at close of play.

CODE Company Price % 24Hr % Week % Month %YTD Market Cap ADV Ardiden Ltd 0.16 0% 3% 0% -2% $10,002,801 AGY Argosy Minerals Ltd 0.12 -4% -4% -8% -2% $175,550,937 1MC Morella Corporation 0.003 0% 0% 0% 0% $18,536,398 AML Aeon Metals Ltd. 0.007 0% 17% 17% 0% $7,674,804 ASN Anson Resources Ltd 0.125 -7% 9% 28% -2% $174,221,308 AVZ AVZ Minerals Ltd 0.78 0% 0% 0% 0% $2,752,409,203 CXO Core Lithium 0.1425 2% -2% -8% -11% $299,170,976 EMH European Metals Hldg 0.42 0% -11% 50% -1% $50,252,564 EUR European Lithium Ltd 0.052 -2% 2% -19% -5% $74,100,500 GLN Galan Lithium Ltd 0.33 12% 20% -15% -36% $121,847,979 INF Infinity Lithium 0.055 -4% -8% -20% -5% $26,367,749 INR Ioneer Ltd 0.22 7% 10% 22% 7% $476,751,015 JLL Jindalee Lithium Ltd 0.58 -3% -8% -17% -46% $36,294,070 LIT Lithium Australia 0.0275 -2% 2% -5% 0% $34,224,167 LKE Lake Resources 0.0605 1% 3% -5% -7% $99,556,103 LPD Lepidico Ltd 0.003 0% -25% -21% 0% $22,914,924 LPI Lithium Pwr Int Ltd 0 0% -100% -100% -55% $361,898,974 LTR Liontown Resources 1.375 3% 12% 16% -28% $3,224,583,036 MIN Mineral Resources. 77.07 0% 7% 9% 707% $15,127,236,166 MLS Metals Australia 0.021 0% -5% -9% -2% $14,854,760 AKE Allkem Limited 0 0% -100% -100% -983% $6,304,350,967 PLL Piedmont Lithium Inc 0.2025 -1% 7% 7% -23% $86,922,112 PLS Pilbara Min Ltd 4.14 -1% 2% 9% 19% $12,580,633,621 QPM Queensland Pacific 0.043 -2% -12% 10% -1% $88,551,774 PSC Prospect Res Ltd 0.15 3% 0% 83% 6% $68,391,468 RLC Reedy Lagoon Corp. 0.004 0% 0% 0% 0% $2,478,163 SYA Sayona Mining Ltd 0.039 5% 22% -5% -3% $380,851,953 TKL Traka Resources 0.0015 0% -25% -25% 0% $2,625,988 TON Triton Min Ltd 0.014 17% 0% 4% -1% $18,736,712 VUL Vulcan Energy 3.94 3% 19% 54% 109% $655,598,160 GL1 Globallith 0.43 12% 8% -11% -78% $100,202,140 BMM Balkanminingandmin 0.059 11% 7% -6% -5% $3,765,147 LEL Lithenergy 0.475 -5% -5% -10% -10% $56,000,785 ARN Aldoro Resources 0.065 0% -7% -8% -6% $8,750,543 NMT Neometals Ltd 0.1 0% -5% -23% -11% $62,281,032 IGO IGO Limited 7.89 0% 1% 8% -116% $5,959,697,688 AAJ Aruma Resources Ltd 0.015 0% -6% -32% -1% $2,953,373 PAM Pan Asia Metals 0.16 0% 0% 0% 4% $26,850,684 AX8 Accelerate Resources 0.043 2% -14% 16% 0% $25,618,795 AM7 Arcadia Minerals 0.065 -11% -11% -33% -1% $7,960,657 AS2 Askarimetalslimited 0.05 -6% 4% 0% -13% $5,177,617 BYH Bryah Resources Ltd 0.008 0% 0% -20% -1% $3,483,628 EMS Eastern Metals 0.03 -9% -12% -9% -1% $2,720,066 FG1 Flynngold 0.028 0% -15% -39% -2% $7,127,252 FRS Forrestaniaresources 0.019 6% 0% 36% -1% $2,912,143 GSM Golden State Mining 0.011 0% -8% -8% 0% $3,073,077 IMI Infinitymining 0.06 0% -20% -12% -8% $7,125,203 LRV Larvottoresources 0.093 -11% 31% -7% 2% $26,279,223 MMC Mitremining 0.665 0% 34% 30% 40% $59,294,668 RAG Ragnar Metals Ltd 0.018 0% 6% -5% -1% $8,531,657 CTN Catalina Resources 0.003 0% 0% 0% 0% $3,715,461 TMB Tambourahmetals 0.066 0% -3% -12% -5% $5,474,063 TEM Tempest Minerals 0.009 0% 0% 0% 0% $4,672,120 EMC Everest Metals Corp 0.093 3% -4% -7% 1% $14,785,480 WCN White Cliff Min Ltd 0.016 0% 14% 7% 1% $25,990,199 WML Woomera Mining Ltd 0.004 0% 0% 0% -3% $4,872,556 AZL Arizona Lithium Ltd 0.021 0% 0% -13% -1% $93,785,747 CRR Critical Resources 0.011 -8% -8% -15% -1% $21,334,203 KGD Kula Gold Limited 0.011 -8% 0% 0% 0% $5,837,543 LRS Latin Resources Ltd 0.255 0% 16% 46% -3% $714,871,963 PNN Power Minerals Ltd 0.1 -9% -13% -35% -11% $10,186,554 WR1 Winsome Resources 1.24 -4% -9% 2% 19% $246,112,716 KZR Kalamazoo Resources 0.095 4% 6% -10% -3% $15,907,122 MTM MTM Critical Metals 0.058 4% 0% 5% -1% $15,741,984 QXR Qx Resources Limited 0.011 -8% 0% -31% -1% $13,320,934 SCN Scorpion Minerals 0.027 8% 17% 4% -1% $10,236,405 AZI Altamin Limited 0.04 -2% -2% -20% -2% $17,992,810 ENT Enterprise Metals 0.003 0% 0% 50% 0% $2,654,163 KAI Kairos Minerals Ltd 0.012 0% 4% 0% 0% $31,450,946 STM Sunstone Metals Ltd 0.0105 -5% -25% -34% 0% $38,507,167 PGD Peregrine Gold 0.22 0% -8% -2% -2% $14,933,253 AVW Avira Resources Ltd 0.001 0% 0% 0% 0% $2,133,790 NVA Nova Minerals Ltd 0.23 -4% -21% -8% -13% $51,113,652 GT1 Greentechnology 0.097 -3% -12% -25% -19% $32,175,210 BNR Bulletin Res Ltd 0.05 -6% 2% -23% -9% $15,561,506 CAI Calidus Resources 0.13 0% 0% -13% -9% $98,973,381 MRR Minrex Resources Ltd 0.012 0% 9% 0% -1% $13,018,410 A8G Australasian Metals 0.08 0% 0% 25% -9% $4,169,640 EFE Eastern Resources 0.007 0% 0% 0% 0% $8,693,625 MQR Marquee Resource Ltd 0.015 15% 0% -6% -1% $5,373,997 SRZ Stellar Resources 0.0175 3% 6% 25% 1% $26,407,825 LSR Lodestar Minerals 0.002 0% 0% 0% 0% $4,046,795 NWM Norwest Minerals 0.036 -8% -16% 24% 1% $15,136,661 AOA Ausmon Resorces 0.002 0% 0% 0% 0% $2,117,999 VKA Viking Mines Ltd 0.012 0% 9% 20% 0% $12,303,101 IPT Impact Minerals 0.022 -8% 16% 47% 1% $68,752,893 SRI Sipa Resources Ltd 0.017 0% -6% -11% -1% $3,878,688 VMC Venus Metals Cor Ltd 0.09 0% 7% -10% -1% $17,075,581 RGL Riversgold 0.006 0% -8% -14% -1% $5,805,969 ZNC Zenith Minerals Ltd 0.075 0% -7% -17% -8% $26,428,566 RAS Ragusa Minerals Ltd 0.019 -5% -5% -21% -2% $2,851,976 G88 Golden Mile Res Ltd 0.012 0% 0% -8% -1% $4,934,674 EPM Eclipse Metals 0.009 0% -18% 80% 0% $20,077,700 EVR Ev Resources Ltd 0.0085 -6% -6% -6% 0% $11,891,443 WC8 Wildcat Resources 0.51 -1% 3% -19% -19% $621,380,613 MNS Magnis Energy Tech 0.042 0% 0% 0% 0% $50,378,922 RIO Rio Tinto Limited 129.95 0% 0% 7% -571% $48,332,351,063 THR Thor Energy PLC 0.017 0% -15% -23% -1% $3,120,416 YAR Yari Minerals Ltd 0.004 0% -20% -33% -1% $1,929,431 MXR Maximus Resources 0.032 -3% -1% 2% 0% $10,591,210 DRE Dreadnought Resources Ltd 0.0175 3% 3% -3% -1% $59,722,240 MM1 Midasmineralsltd 0.067 0% 5% -12% -7% $6,763,535 M2R Miramar 0.009 0% -10% -18% -1% $1,674,782 LLI Loyal Lithium Ltd 0.27 8% 10% -10% -4% $20,846,830 LRD Lordresourceslimited 0.057 4% 10% 14% -1% $2,961,729 WMC Wiluna Mining Corp 0 0% -100% -100% -21% $74,238,031 AUN Aurumin 0.046 18% 7% 2% 2% $17,225,835 ZEO Zeotech Limited 0.036 0% -10% 64% 0% $63,123,230 ALY Alchemy Resource Ltd 0.007 0% 17% -13% 0% $8,246,534 LIS Lisenergylimited 0.145 -3% 0% -3% -4% $96,030,035 GW1 Greenwing Resources 0.081 3% -6% 16% -5% $14,318,867 KTA Krakatoa Resources 0.017 -6% 55% 113% -2% $8,497,930 TYX Tyranna Res Ltd 0.01 -17% 0% 0% -1% $39,455,104 DAF Discovery Alaska Ltd 0.017 0% 6% -6% 0% $3,981,990 FTL Firetail Resources 0.05 -2% 35% 11% -3% $7,594,183 IR1 Irismetals 0.31 -5% -13% -35% -62% $42,098,869 LNR Lanthanein Resources 0.0055 -8% -8% 83% -1% $11,729,453 DAL Dalaroometalsltd 0.027 -4% 50% 69% 1% $2,317,000 TKM Trek Metals Ltd 0.035 -8% -8% -8% -1% $19,511,969 CY5 Cygnus Metals Ltd 0.082 0% 0% 49% -5% $23,907,849 TUL Tulla Resources 0 0% -100% -100% -33% $118,262,971 WES Wesfarmers Limited 68.32 -3% 3% 2% 1128% $79,902,789,094 LLL Leolithiumlimited 0.505 0% 0% 0% 0% $498,553,663 OCN Oceanalithiumlimited 0.046 -8% -18% -12% -7% $2,703,825 A11 Atlantic Lithium 0.395 -2% 0% 7% 0% $263,115,966 CMD Cassius Mining Ltd 0.01 0% -9% 11% -3% $5,420,045 VSR Voltaic Strategic 0.016 -6% -6% 0% 0% $8,212,766 SGQ St George Min Ltd 0.02 0% 11% 8% -1% $19,770,809 LLO Lion One Metals Ltd 0.62 0% 0% 0% -32% $9,669,967 PAT Patriot Lithium 0.076 -16% -11% -16% -10% $6,335,159 PL3 Patagonia Lithium 0.12 0% 4% -8% -1% $5,895,420 BUR Burleyminerals 0.077 -13% 31% 10% -9% $13,232,643 CHR Charger Metals 0.085 5% 13% -19% -8% $6,271,040 RMX Red Mount Min Ltd 0.0015 50% 0% -25% 0% $2,673,576 DLI Delta Lithium 0.3225 -1% 4% 17% -15% $231,857,321 LM1 Leeuwin Metals Ltd 0.063 -6% -16% -10% -8% $3,139,062 ENT Enterprise Metals 0.003 0% 0% 50% 0% $2,654,163 FIN FIN Resources Ltd 0.012 0% -29% -25% -1% $7,791,224 DTM Dart Mining NL 0.026 -4% 0% -30% 1% $6,977,688 NIS Nickelsearch 0.026 0% 0% -13% -5% $5,552,104 EG1 Evergreenlithium 0.092 0% -7% -3% -10% $5,173,160 MAN Mandrake Res Ltd 0.0385 -1% 20% 10% 0% $24,053,637 FBM Future Battery 0.051 -4% 0% -6% -2% $33,848,285 XTC XTC Lithium Limited 0.2 0% 19900% 19900% 20% $17,528,272 LPM Lithium Plus 0.098 -7% -15% -30% -26% $13,895,700 KOB Kobaresourceslimited 0.125 -11% 25% 28% 6% $22,198,626 EMC Everest Metals Corp 0.093 3% -4% -7% 1% $14,785,480 LRD Lordresourceslimited 0.057 4% 10% 14% -1% $2,961,729 IEC Intra Energy Corp 0.0015 0% -25% -25% 0% $2,536,172 REC Rechargemetals 0.032 -3% -3% -27% -6% $4,609,769 SLM Solismineralsltd 0.094 -2% -2% -15% -5% $7,432,968 AZS Azure Minerals 3.69 0% 0% 11% -1% $1,692,527,632 DYM Dynamicmetalslimited 0.16 0% 0% -16% 2% $5,760,000 TOR Torque Met 0.145 4% 7% -6% -8% $25,652,032 SBR Sabre Resources 0.018 0% 13% -5% -2% $6,736,715 ICL Iceni Gold 0.089 0% 218% 271% 4% $21,943,934 TMX Terrain Minerals 0.003 -25% -14% -33% 0% $5,726,683 MHC Manhattan Corp Ltd 0.002 0% 0% -33% 0% $5,873,960 MHK Metalhawk. 0.055 -5% -8% -13% -8% $5,838,860 NKL Nickelxltd 0.02 0% 0% -31% -2% $1,756,303 TMB Tambourahmetals 0.066 0% -3% -12% -5% $5,474,063 ANX Anax Metals Ltd 0.045 7% 67% 80% 2% $24,835,318 PMT Patriotbatterymetals 0.92 -2% 19% 10% -21% $556,909,730 BM8 Battery Age Minerals 0.1 0% -2% 4% -9% $9,176,032 L1M Lightning Minerals 0.091 -1% -4% 26% -5% $4,572,830 ADG Adelong Gold Limited 0.0035 -13% 17% 0% 0% $4,321,956 TOR Torque Met 0.145 4% 7% -6% -8% $25,652,032 AL8 Alderan Resource Ltd 0.005 0% 0% -17% 0% $5,534,307 OZM Ozaurum Resources 0.06 3% 13% 30% -9% $9,207,500 FL1 First Lithium Ltd 0.23 -2% 2% -10% -29% $16,462,142 PLN Pioneer Lithium 0.13 18% -19% -10% -7% $3,126,750 WYX Western Yilgarn NL 0.047 -2% -4% -6% -5% $4,411,560 RDN Raiden Resources Ltd 0.042 -7% 17% 68% 0% $119,546,330 PFE Panteraminerals 0.039 -7% 0% -3% -1% $11,262,996 GRE Greentechmetals 0.18 -5% -10% -31% -28% $15,785,195 OLY Olympio Metals Ltd 0.045 0% 0% -18% -6% $3,161,778 SUM Summitminerals 0.12 -11% -23% 79% 2% $6,433,712 JBY James Bay Minerals 0.17 -1% 6% -15% -15% $5,632,988 SCN Scorpion Minerals 0.027 8% 17% 4% -1% $10,236,405 JNO Juno 0.058 -2% -3% 2% -5% $10,734,770 CC9 Chariot Corporation 0.185 0% -16% -31% -36% $15,130,476 OBM Ora Banda Mining Ltd 0.3125 -2% 1% 1% 7% $593,442,097 RON Roninresourcesltd 0.13 0% 13% 18% -6% $4,787,251 CXB0 ASRA MINERALS LTD. 0.00004 0% 0% 0% 0% $6,655,983 ASR Asra Minerals Ltd 0.007 0% 0% 0% 0% $11,647,970 PFE Panteraminerals 0.039 -7% 0% -3% -1% $11,262,996 TG6 Tgmetalslimited 0.28 -5% 27% 22% -11% $15,955,419 HAW Hawthorn Resources 0.07 0% -7% -13% -2% $23,451,093 KM1 Kalimetalslimited 0.4 -2% -2% -4% 0% $31,300,259 AEV Avenira Limited 0.006 -14% 0% -14% -1% $16,443,238 DVP Develop Global Ltd 2.34 -1% -2% 4% -49% $572,662,451 LTM Arcadium Lithium PLC 7.02 -1% 4% 10% -419% $2,763,849,816 LRD Lordresourceslimited 0.057 4% 10% 14% -1% $2,961,729 ADV Ardiden Ltd 0.16 0% 3% 0% -2% $10,002,801 AGY Argosy Minerals Ltd 0.12 -4% -4% -8% -2% $175,550,937 1MC Morella Corporation 0.003 0% 0% 0% 0% $18,536,398 AML Aeon Metals Ltd. 0.007 0% 17% 17% 0% $7,674,804 ASN Anson Resources Ltd 0.125 -7% 9% 28% -2% $174,221,308 AVZ AVZ Minerals Ltd 0.78 0% 0% 0% 0% $2,752,409,203 CXO Core Lithium 0.1425 2% -2% -8% -11% $299,170,976 EMH European Metals Hldg 0.42 0% -11% 50% -1% $50,252,564 EUR European Lithium Ltd 0.052 -2% 2% -19% -5% $74,100,500 GLN Galan Lithium Ltd 0.33 12% 20% -15% -36% $121,847,979 INF Infinity Lithium 0.055 -4% -8% -20% -5% $26,367,749 INR Ioneer Ltd 0.22 7% 10% 22% 7% $476,751,015 JLL Jindalee Lithium Ltd 0.58 -3% -8% -17% -46% $36,294,070 LIT Lithium Australia 0.0275 -2% 2% -5% 0% $34,224,167 LKE Lake Resources 0.0605 1% 3% -5% -7% $99,556,103 LPD Lepidico Ltd 0.003 0% -25% -21% 0% $22,914,924 LPI Lithium Pwr Int Ltd 0 0% -100% -100% -55% $361,898,974 LTR Liontown Resources 1.375 3% 12% 16% -28% $3,224,583,036 MIN Mineral Resources. 77.07 0% 7% 9% 707% $15,127,236,166 MLS Metals Australia 0.021 0% -5% -9% -2% $14,854,760 AKE Allkem Limited 0 0% -100% -100% -983% $6,304,350,967 PLL Piedmont Lithium Inc 0.2025 -1% 7% 7% -23% $86,922,112 PLS Pilbara Min Ltd 4.14 -1% 2% 9% 19% $12,580,633,621 QPM Queensland Pacific 0.043 -2% -12% 10% -1% $88,551,774 PSC Prospect Res Ltd 0.15 3% 0% 83% 6% $68,391,468 RLC Reedy Lagoon Corp. 0.004 0% 0% 0% 0% $2,478,163 SYA Sayona Mining Ltd 0.039 5% 22% -5% -3% $380,851,953 TKL Traka Resources 0.0015 0% -25% -25% 0% $2,625,988 TON Triton Min Ltd 0.014 17% 0% 4% -1% $18,736,712 VUL Vulcan Energy 3.94 3% 19% 54% 109% $655,598,160 GL1 Globallith 0.43 12% 8% -11% -78% $100,202,140 BMM Balkanminingandmin 0.059 11% 7% -6% -5% $3,765,147 LEL Lithenergy 0.475 -5% -5% -10% -10% $56,000,785 ARN Aldoro Resources 0.065 0% -7% -8% -6% $8,750,543 NMT Neometals Ltd 0.1 0% -5% -23% -11% $62,281,032 IGO IGO Limited 7.89 0% 1% 8% -116% $5,959,697,688 AAJ Aruma Resources Ltd 0.015 0% -6% -32% -1% $2,953,373 PAM Pan Asia Metals 0.16 0% 0% 0% 4% $26,850,684 AX8 Accelerate Resources 0.043 2% -14% 16% 0% $25,618,795 AM7 Arcadia Minerals 0.065 -11% -11% -33% -1% $7,960,657 AS2 Askarimetalslimited 0.05 -6% 4% 0% -13% $5,177,617 BYH Bryah Resources Ltd 0.008 0% 0% -20% -1% $3,483,628 EMS Eastern Metals 0.03 -9% -12% -9% -1% $2,720,066 FG1 Flynngold 0.028 0% -15% -39% -2% $7,127,252 FRS Forrestaniaresources 0.019 6% 0% 36% -1% $2,912,143 GSM Golden State Mining 0.011 0% -8% -8% 0% $3,073,077 IMI Infinitymining 0.06 0% -20% -12% -8% $7,125,203 LRV Larvottoresources 0.093 -11% 31% -7% 2% $26,279,223 MMC Mitremining 0.665 0% 34% 30% 40% $59,294,668 RAG Ragnar Metals Ltd 0.018 0% 6% -5% -1% $8,531,657 CTN Catalina Resources 0.003 0% 0% 0% 0% $3,715,461 TMB Tambourahmetals 0.066 0% -3% -12% -5% $5,474,063 TEM Tempest Minerals 0.009 0% 0% 0% 0% $4,672,120 EMC Everest Metals Corp 0.093 3% -4% -7% 1% $14,785,480 WCN White Cliff Min Ltd 0.016 0% 14% 7% 1% $25,990,199 WML Woomera Mining Ltd 0.004 0% 0% 0% -3% $4,872,556 AZL Arizona Lithium Ltd 0.021 0% 0% -13% -1% $93,785,747 CRR Critical Resources 0.011 -8% -8% -15% -1% $21,334,203 KGD Kula Gold Limited 0.011 -8% 0% 0% 0% $5,837,543 LRS Latin Resources Ltd 0.255 0% 16% 46% -3% $714,871,963 PNN Power Minerals Ltd 0.1 -9% -13% -35% -11% $10,186,554 WR1 Winsome Resources 1.24 -4% -9% 2% 19% $246,112,716 KZR Kalamazoo Resources 0.095 4% 6% -10% -3% $15,907,122 MTM MTM Critical Metals 0.058 4% 0% 5% -1% $15,741,984 QXR Qx Resources Limited 0.011 -8% 0% -31% -1% $13,320,934 SCN Scorpion Minerals 0.027 8% 17% 4% -1% $10,236,405 AZI Altamin Limited 0.04 -2% -2% -20% -2% $17,992,810 ENT Enterprise Metals 0.003 0% 0% 50% 0% $2,654,163 KAI Kairos Minerals Ltd 0.012 0% 4% 0% 0% $31,450,946 STM Sunstone Metals Ltd 0.0105 -5% -25% -34% 0% $38,507,167 PGD Peregrine Gold 0.22 0% -8% -2% -2% $14,933,253 AVW Avira Resources Ltd 0.001 0% 0% 0% 0% $2,133,790 NVA Nova Minerals Ltd 0.23 -4% -21% -8% -13% $51,113,652 GT1 Greentechnology 0.097 -3% -12% -25% -19% $32,175,210 BNR Bulletin Res Ltd 0.05 -6% 2% -23% -9% $15,561,506 CAI Calidus Resources 0.13 0% 0% -13% -9% $98,973,381 MRR Minrex Resources Ltd 0.012 0% 9% 0% -1% $13,018,410 A8G Australasian Metals 0.08 0% 0% 25% -9% $4,169,640 EFE Eastern Resources 0.007 0% 0% 0% 0% $8,693,625 MQR Marquee Resource Ltd 0.015 15% 0% -6% -1% $5,373,997 SRZ Stellar Resources 0.0175 3% 6% 25% 1% $26,407,825 LSR Lodestar Minerals 0.002 0% 0% 0% 0% $4,046,795 NWM Norwest Minerals 0.036 -8% -16% 24% 1% $15,136,661 AOA Ausmon Resorces 0.002 0% 0% 0% 0% $2,117,999 VKA Viking Mines Ltd 0.012 0% 9% 20% 0% $12,303,101 IPT Impact Minerals 0.022 -8% 16% 47% 1% $68,752,893 SRI Sipa Resources Ltd 0.017 0% -6% -11% -1% $3,878,688 VMC Venus Metals Cor Ltd 0.09 0% 7% -10% -1% $17,075,581 RGL Riversgold 0.006 0% -8% -14% -1% $5,805,969 ZNC Zenith Minerals Ltd 0.075 0% -7% -17% -8% $26,428,566 RAS Ragusa Minerals Ltd 0.019 -5% -5% -21% -2% $2,851,976 G88 Golden Mile Res Ltd 0.012 0% 0% -8% -1% $4,934,674 EPM Eclipse Metals 0.009 0% -18% 80% 0% $20,077,700 EVR Ev Resources Ltd 0.0085 -6% -6% -6% 0% $11,891,443 WC8 Wildcat Resources 0.51 -1% 3% -19% -19% $621,380,613 LTM Arcadium Lithium PLC 6.995 -2% 4% 10% -37% $2,771,613,440

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Charging up today

Global Lithium Resources (ASX:GL1) +12%

Along with Galan and a few others (see below) Global Resources is moving and shaking today as the company presents at the RIU Sydney Resources Round-up.

#GL1 Managing Director Ron Mitchell presented at the 2024 @VEvents_RIU Sydney Resources Round-Up yesterday.

The replay from the event is now available to view – watch it here: https://t.co/z0bguOGTAo pic.twitter.com/F10LmF8dac

— Global Lithium Resources (@global_lithium) May 9, 2024

About a week ago, the company restarted drilling at its 100%-owned Manna Lithium Project, which is about 100km east of Kalgoorlie in the Goldfields region of Western Australia.

And that’s a 6000m Reverse Circulation (RC) program targeting pegmatite extensions southwest along strike from the Manna Resource and follows up on the 21m at 0.99% Li2O from 91m intersected in hole MBRC03121.

This comes after a period of data consolidation and interpretation following a successful 2023 drill campaign that saw more than 60,00m drilled.

The Manna lithium project resource currently sits (or stands, maybe both) at 36Mt at 1.13% Li2O. A Mineral Resource Estimate update will be delivered in the current quarter, notes the company.

 

Also making gains

Pioneer Lithium (ASX:PLN) +18%

Triton Minerals (ASX:TON) +17%

Galan Lithium (ASX:GLN) +12%

Sayona Mining (ASX:SYA) +5.4%

ioneer (ASX:INR)  +4.9%

AIC Mines (ASX:A1M)  +3.1%

Liontown Resources (ASX:LTR) +2.8%

 

For further lithium-related news this week…

… read:

• Josh Chiat’s No Country for Aussie Men: Leo Lithium boss says ASX African lithium plays can still succeed

• As well as Josh’s take on this – MinRes still keen on third party lithium processing hub despite breakdown of Lake Johnston plant deal – in Monsters of Rock.

• And catch the latest High Voltage including weekly battery metals winners/losers

The post Eye on Lithium: Prices dip, but GL1’s world just got 12pc bigger appeared first on Stockhead.

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