West Cobar Metals is leading the gainers today based on\u2026 last week\u2019s REE results, we presume
\nMeanwhile, MetalsGrove has expansion news, making a bold Zimbabwean move for lithium
\nDynamic Metals and Winsome Resources also have strong lithium stories to tell<\/p>\n
Here are some of the biggest resources winners in early trade, Monday December 11.<\/p>\n
\u00a0<\/p>\n
(Up on no news)<\/strong><\/em><\/p>\n There\u2019s no fresh news from WC1 hitting the bourse so far today, but it\u2019s been leading the ressie gains all day so far. It did, however, relay some eye-catching results last week\u2026<\/p>\n The rare earths hunter delivered what it describes as outstanding REE beneficiation results coming from its Salazar project north of Esperance in WA.<\/p>\n It\u2019s effectively a 34X upgrade to 5.08% TREO \u2013 rare earth oxide \u2013 gleaned from extensive testworking.<\/p>\n \u201cHigh grade concentrate (5.08% TREO) was produced from a sample ore grade of 0.148%, representing a 34:1 upgrade,\u201d noted the company last week.<\/p>\n Testwork applying standard beneficiation methods on sample ore from the O’Connor deposit at Salazar has succeeded in producing a high-grade concentrate (5.08% TREO).<\/p>\n https:\/\/t.co\/ulkKzmTDLI<\/a><\/p>\n $WC1 $WC1.ax #rareearths<\/a> #criticalminerals<\/a> #exploration<\/a> #mining<\/a> pic.twitter.com\/OUtIcgTROq<\/a><\/p>\n \u2014 West Cobar Metals Limited (@West_Cobar_Met) December 6, 2023<\/a><\/p>\n\n West Cobar Metals\u2019 MD Matt Szwedzicki\u00a0 said:<\/p>\n \u201cThis is an amazing upgrade result for O\u2019Connor and has the potential to be a game changer. A 5% TREO grade is a great step towards commercialisation.<\/p>\n \u201cCompared to hard rock deposits, our clay deposits should benefit from lower capex and opex \u2013 our ore is free dig and there is no blasting or crushing required.\u201d<\/p>\n Further testwork is planned.<\/p>\n WC1 share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n This diverse metals-hunting minnow, largely focused on lithium, rare earths, copper-gold, manganese and base metal projects in the NT and WA, has just revealed its expanded its lithium search into Zimbabwe.\u00a0<\/span><\/p>\n MGA has nabbed itself six high-grade lithium assets in the African country. The claims are located close to the renowned Arcadia Minerals lithium-producing mine in Zimbabwe. And that\u2019s one of the world\u2019s largest lithium mines, producing 450,000t\/yr of lithium concentrates.<\/span><\/p>\n \u00a0<\/span>In particular, the company notes, recent rock chip samples at the Arcturas project have returned grades up to 2.5% Li2O and at the Beatrice Project 2.1% Li2O from the surface outcrops.\u00a0<\/span><\/p>\n All six claims are located fairly close to Harare, to the east and to the south of the capital, about 35km-55km away.\u00a0<\/span><\/p>\n \u00a0Spod? Yep, it\u2019s established that minerals at the sites consist of <\/span>\u00a0spodumene and lepidolite-bearing pegmatites and are \u201cpopulated by several artisanal workings and pegmatite surface outcrops\u201d \u2013 some exposed, some close to surface.<\/p>\n An exploration campaign is due to begin at the sites in Q1 2024.<\/p>\n $MGA<\/a> Acquires High Grade Lithium Assets In Zimbabwe<\/p>\n Recent rock chip samples at the Arcturas Project have returned grades up to 2.5% Li\u2082O and at the Beatrice Project 2.1% Li\u2082O from the surface outcrops.<\/p>\n Read more: https:\/\/t.co\/BxcenGK5pg<\/a> $MGA.ax<\/a> #lithium<\/a> #ASX<\/a> pic.twitter.com\/tjJhPFBS48<\/a><\/p>\n \u2014 MetalsGrove (@metalsgrove) December 10, 2023<\/a><\/p>\n\n MetalsGrove\u2019s MD Sean Sivasamy and the company\u2019s board believes the acquisitions represent a \u201ctransformational opportunity\u201d for MGA, \u201csupported by a strong lithium market\u201d.<\/p>\n Re that latter part, the price of \u201cspot\u201d lithium might want to arrest its slide\u2026<\/p>\n 2023-12-08#Lithium<\/a> Carbonate 99.5% Min China Spot<\/p>\n Price: $16,554.45 Price: $1,615.00 Sponsored by @SiennaResources<\/a> $SIE<\/a> $SNNAF<\/a>https:\/\/t.co\/5KXnwGSHPt<\/a><\/p>\n \u2014 Lithium Price Bot (@LithiumPriceBot) December 8, 2023<\/a><\/p>\n\n \u2026 But neverthless, it\u2019s an exciting strategic play in a proven lithium district, with the MD adding:<\/p>\n \u201cImportantly, the upfront acquisition terms are modest, allowing the company to set about rapidly advancing these projects through a targeted exploration campaign early next year.\u201d<\/p>\n MGA share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n Critical minerals hunter DYM is making a dynamic case on the bourse at the time of writing today, on the back of some excellent lithium-based assay results at its Spargos East and Franks Far Southeast prospects.<\/p>\n These are located at the larger Widgiemooltha Project in the Goldfields region of WA.<\/p>\n The first round of assays from an 800-strong soil sampling program at the two prospects are showing up to 409 parts per million (ppm) Li2O.<\/p>\n Highly encouraging to say the least. Notably, too, the Spargos East prospect is located only 14km south of Mineral Resources\u2019 (ASX:MIN)<\/strong><\/a> monster Mt Marion lithium mining and processing operations.<\/p>\n Assays from soil sampling at $DYM<\/a>‘s Spargos and FFSE prospects show high levels of #lithium<\/a>, including up to 409ppm Li2O \u2014 Dynamic Metals (ASX:DYM) (@DynamicMet_DYM) December 11, 2023<\/a><\/p>\n\n After successfully completing an IPO in January this year raising $7 million, Dynamic has been aggressively exploiting its flagship Widegiemooltha project for lithium prospectivity.<\/p>\n The company says it\u2019s systematically working through the lithium potential of the sizeable 880km2 tenure.<\/p>\n Read more > here<\/a>.<\/p>\n Dynamic Metals is right in the thick of a burgeoning lithium precinct in WA\u2019s Goldfields\u2019 region. Source: DYM<\/p>\n DYM share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n WR1 may not be knocking it completely out of the park today in terms of share price (yet), but it\u2019s still up about 6% and it has some big news of note, so we\u2019re including it here as well worth a look, too.<\/p>\n As Stockhead<\/em> ressie expert Reubs noted earlier:<\/p>\n \u201cQuiet achiever Winsome Resources (ASX:WR1) has unveiled a long awaited maiden 59Mt @1.12% maiden resource for the Adina lithium project in James Bay, Canada.<\/p>\n Long overshadowed by overachieving neighbours Patriot (ASX:PMT) and Allkem (ASX:AKE), WR1 is now once of the top 5 hard rock lithium players in North America.\u201d<\/p>\n Reuben tuned into a WR1 investors call and has further intel, which you can read about here<\/a>.<\/p>\n Essentially, though, WR1 managing director Chris Evans expects lithium prices to improve next year, Winsome continues to be \u2018bombarded by requests to engage\u2019 with strategic partners, and the company has a resource update due H1 and a project study in H2, 2024.<\/p>\n WR1 share price<\/strong><\/p>\n\n \ufeff<\/span>\ufeff<\/span>\ufeff<\/span><\/span>\u00a0<\/p>\n At Stockhead we tell it like it is. While Dynamic Metals is a Stockhead advertiser at the time of writing, it did not sponsor this article.<\/em><\/p>\n <\/span><\/p>\n The post Resources Top 4: MetalsGrove takes lithium hunt to Zimbabwe; WC1 upgrades its REE find<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"MetalsGrove Mining (ASX:MGA)<\/strong><\/a><\/h2>\n
1 day: $279.40 (-1.66%)
YTD: -77.54%#Spodumene<\/a> Concentrate (6%, CIF China)<\/p>\n
1 day: -25 (-1.52%)
YTD: -72.27%<\/p>\nDynamic Metals (ASX:DYM)<\/strong><\/a><\/h2>\n
Spargos East is 14km from 600ktpa Mt Marion lithium project
After sampling, drill targets will be ID’d@stockheadau<\/a> https:\/\/t.co\/HLY3MeOx9h<\/a><\/p>\nWinsome Resources (ASX:WR1)<\/strong><\/a><\/h2>\n