{"id":6502,"date":"2024-02-28T18:41:13","date_gmt":"2024-02-28T18:41:13","guid":{"rendered":"https:\/\/economicherald.net\/?p=6502"},"modified":"2024-02-28T18:41:13","modified_gmt":"2024-02-28T18:41:13","slug":"manitoba-is-largely-untapped-for-critical-minerals-but-these-asx-juniors-are-homing-in","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=6502","title":{"rendered":"Manitoba is largely untapped for critical minerals \u2013 but these ASX juniors are homing in"},"content":{"rendered":"<p>Canada\u2019s lithium rush has been on everyone\u2019s radar these past couple of years, especially when WA\u2019s Galaxy Resources (which became Allkem and is now <a href=\"https:\/\/stockhead.com.au\/company\/arcadium-lithium-ltm\/\">Arcadium Lithium (ASX:LTM)<\/a> after merging with US giant Livent Corp) first picked up from the hard rock lithium success of Mt Cattlin to try its luck in Quebec.<\/p>\n<p>That merged entity is now worth US$5.2 billion and has operating mines in Australia, North America and South America. In comparison, that\u2019s the same price as about 82 billion stacked bananas.<\/p>\n<p>Away from Quebec and its prolific James Bay and Abitibi lithium precincts, ASX juniors looking for the next big break have shuffled into neighbouring Ontario.<\/p>\n<p>More hard rock lithium deposits are being discovered and proven up in the province by the likes of <a href=\"https:\/\/stockhead.com.au\/company\/green-technology-metals-gt1\/\"><strong>Green Technology Metals (ASX:GT1)<\/strong><\/a>, <a href=\"https:\/\/stockhead.com.au\/company\/pioneer-lithium-pln\/\"><strong>Pioneer Lithium (ASX:PLN)<\/strong><\/a>, <a href=\"https:\/\/stockhead.com.au\/company\/critical-resources-crr\/\"><strong>Critical Resources (ASX:CRR)<\/strong><\/a> and <a href=\"https:\/\/stockhead.com.au\/company\/patriot-lithium-pat\/\"><strong>Patriot Lithium (ASX:PAT)<\/strong><\/a> \u2013 just to name a few.<\/p>\n<p>Instead of stacked bananas, these explorers are hunting for stacked pegmatites \u2013 geological formations that contain lithium-caesium-tantalum (LCT) mineralisation \u2013 and, if you find enough of them, you\u2019ve likely got yourself a lithium project worthy of development.<\/p>\n<p>Yet it\u2019s the fairly large yet little-known province of <strong>Manitoba<\/strong> that has intrepid explorers pouring in \u2013 as it\u2019s largely underexplored for critical minerals such as lithium.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>The rush on Manitoba<\/strong><\/h2>\n<p>Speaking with Stockhead, <a href=\"https:\/\/stockhead.com.au\/company\/leeuwin-metals-lm1\/\"><strong>Leeuwin Metals (ASX:LM1)<\/strong><\/a> MD Chris Piggott says Manitoba, west of Ontario, has ready-built infrastructure and a long history of mining in the region \u2013 yet is vastly underexplored for lithium deposits.<\/p>\n<p>\u201cBesides the world-class and long-running Tanco LCT mining operation, which is actually heavier on the caesium production side, Manitoba has traditionally been known for gold, copper and especially nickel deposits,\u201d Piggott says.<\/p>\n<p>\u201cThe province is so well-positioned with a mining pedigree and historically well-mapped geological surveying; and because of Tanco \u2013 which has been operating for &gt;50 years \u2013 the University of Manitoba has a long history of research into pegmatites too.<\/p>\n<p>\u201cSo from that point of view you realise that to get a project off the ground there\u2019s already quality infrastructure in place and a skilled labour force at the ready that really know what they\u2019re doing.\u201d<\/p>\n<p>Great reasons, Piggott says, to have obtained its Cross Lake project which presents itself as a large-scale mining opportunity; with mapped and stacked pegmatites discovered across a 4.7km trend at the Spodumene Island and Metis Island prospect areas.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/resources\/leeuwin-cant-wait-to-jump-in-at-cross-lake-with-maiden-drilling-following-4-31-li20-assay\/\">Maiden fieldwork has uncovered up to 4.31% Li2O<\/a> at the targets which bode well for a planned 10,000m drill program due to kick off this year.<\/p>\n<p>\u201cBroadly, Canada as a jurisdiction is improving the regulatory environment and streamlining approvals and Manitoba has all the bases covered to commit to exploration for its untapped critical minerals endowment,\u201d Piggott says.<\/p>\n<p>Here\u2019s another kicker \u2013 Manitoba qualifies as compliant with the United States\u2019 Inflation Reduction Act and Canada\u2019s Critical Minerals Strategy, mechanisms that streamline and subsidise clean energy projects and provide tax incentives for resources projects.<\/p>\n<p>Others such as <a href=\"https:\/\/stockhead.com.au\/company\/burley-minerals-bur\/\"><strong>Burley Minerals (ASX:BUR)<\/strong><\/a> ) will also see a trickle-down effect by finding it easier to get exploration and development measures off the ground for projects \u2013 <a href=\"https:\/\/stockhead.com.au\/resources\/burley-grows-canadian-lithium-exposure-picks-up-1100-km2-across-5-projects\/\">especially since it bought five lithium projects<\/a> in Manitoba from Aurora Lithium late last year and just last month <a href=\"https:\/\/stockhead.com.au\/resources\/burley-minerals-nabs-three-lithium-exploration-licences-in-manitoba\/\">snapped up three more licenses<\/a> to up its landholding in the province to 1,100km2.<\/p>\n<p>A further two licence applications for the Oxford (90km2) and Paul Lake South (340km2) tenements are still progressing.<\/p>\n<p><a href=\"https:\/\/stockhead.com.au\/company\/koba-resources-kob\/\"><strong>Koba Resources (ASX:KOB)<\/strong><\/a> recently <a href=\"https:\/\/stockhead.com.au\/resources\/whole-new-set-of-stacked-lct-pegmatites-unwrapped-at-koba-resources-blue-moon-prospect\/\">unwrapped a set of stacked pegmatites<\/a> at the Blue Moon prospect, part of its Whitlock project \u2013 just 8km from Tanco, while <a href=\"https:\/\/stockhead.com.au\/company\/native-mineral-resources-nmr\/\"><strong>Native Mineral Resources (ASX:NMR)<\/strong><\/a> has a pipeline of activity planned at its McLaughlin Lake lithium project.<\/p>\n<p>\u00a0<\/p>\n<h2>Whoelse is out and aboot?<\/h2>\n<p>Manitba has a long history of nickel production too. In December last year <a href=\"https:\/\/stockhead.com.au\/company\/blackstone-minerals-bsx\/\"><strong>Blackstone Minerals (ASX:BSX)<\/strong><\/a> decided to foray into Manitoba with an option agreement to acquire 100% of the 1.3Mt Wabowdeen nickel project from CaNickel Mining.<\/p>\n<p>Manitoba has a long history of nickel mining and developing Wabowdeen will address a key requirement \u2013 providing feedstock into its Ta Khoa refinery in Vietnam.<\/p>\n<p>It\u2019s not BSX\u2019s first entrance into Manitoba, as it has investments into <a href=\"https:\/\/stockhead.com.au\/company\/corazon-mining-czn\/\"><strong>Corazon Mining\u2019s (ASX:CZN)<\/strong><\/a> Lynn Lake nickel-copper project and Canadian-listed Flying Nickel\u2019s Minago project.<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\"><\/span><\/p>\n<p>\u00a0<\/p>\n<p><em>At Stockhead we tell it like it is. While Leeuwin Metals, Burley Minerals and Koba Resources are a Stockhead advertisers, they did not sponsor this article.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/manitoba-is-largely-untapped-for-critical-minerals-but-these-asx-juniors-are-homing-in\/\">Manitoba is largely untapped for critical minerals \u2013 but these ASX juniors are homing in<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Canada\u2019s lithium rush has been on everyone\u2019s radar these past couple of years, especially when WA\u2019s Galaxy Resources (which became Allkem and is now Arcadium <a href=\"https:\/\/economicherald.net\/?p=6502\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":6503,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Manitoba is largely untapped for critical minerals \u2013 but these ASX juniors are homing in - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=6502\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manitoba is largely untapped for critical minerals \u2013 but these ASX juniors are homing in - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Canada\u2019s lithium rush has been on everyone\u2019s radar these past couple of years, especially when WA\u2019s Galaxy Resources (which became Allkem and is now Arcadium [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=6502\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-28T18:41:13+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=6502#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=6502\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Manitoba is largely untapped for critical minerals \u2013 but these ASX juniors are homing in\",\"datePublished\":\"2024-02-28T18:41:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=6502\"},\"wordCount\":774,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=6502#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/homein-WlJ7aO.gif\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=6502\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=6502\",\"name\":\"Manitoba is largely untapped for critical minerals \u2013 but these ASX juniors are homing in - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=6502#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=6502#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/homein-WlJ7aO.gif\",\"datePublished\":\"2024-02-28T18:41:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=6502#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=6502\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=6502#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/homein-WlJ7aO.gif\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/homein-WlJ7aO.gif\",\"width\":480,\"height\":270},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=6502#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Manitoba is largely untapped for critical minerals \u2013 but these ASX juniors are homing in\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Manitoba is largely untapped for critical minerals \u2013 but these ASX juniors are homing in - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=6502","og_locale":"en_US","og_type":"article","og_title":"Manitoba is largely untapped for critical minerals \u2013 but these ASX juniors are homing in - Economic Herald","og_description":"Canada\u2019s lithium rush has been on everyone\u2019s radar these past couple of years, especially when WA\u2019s Galaxy Resources (which became Allkem and is now Arcadium [more...]","og_url":"https:\/\/economicherald.net\/?p=6502","og_site_name":"Economic Herald","article_published_time":"2024-02-28T18:41:13+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=6502#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=6502"},"author":{"name":"","@id":""},"headline":"Manitoba is largely untapped for critical minerals \u2013 but these ASX juniors are homing in","datePublished":"2024-02-28T18:41:13+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=6502"},"wordCount":774,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=6502#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/02\/homein-WlJ7aO.gif","articleSection":["Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=6502","url":"https:\/\/economicherald.net\/?p=6502","name":"Manitoba is largely untapped for critical minerals \u2013 but these ASX juniors are homing in - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=6502#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=6502#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/02\/homein-WlJ7aO.gif","datePublished":"2024-02-28T18:41:13+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=6502#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=6502"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=6502#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/02\/homein-WlJ7aO.gif","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2024\/02\/homein-WlJ7aO.gif","width":480,"height":270},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=6502#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"Manitoba is largely untapped for critical minerals \u2013 but these ASX juniors are homing in"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/6502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6502"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/6502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/6503"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}