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EU Unveils Critical Raw Materials Act but Experts Warn Urgency is Needed

Battery experts welcome CRMA but warn there is a long way to go to meet demand, Cobalt prices tumble 60% … Read More
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2 months ago

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This article was originally published by Stockhead
  • Speeding up the processing application procedure of EU’s CRMA will help the bloc build its supply chain, experts say
  • Cobalt prices tumble 60% since April 2022
  • Mincor up 30% for the week

Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, manganese, magnesium, and vanadium.

 

The European Commission has proposed the long-awaited Critical Raw Material Act (CRMA) to reduce the bloc’s dependency on imported materials by diversifying import sources and securing a sustainable supply.

As part of its Green Deal Industrial Plan, the EU executives set several voluntary targets for the supply of essential raw materials to be reached by 2030.

These include the following:

  • At least 10% of the EU’s annual consumption for extraction
  • At least 40% of the EU’s annual consumption for processing
  • At least 15% of the EU’s annual consumption for recycling
  • No more than 65% of the EU’s annual consumption of each strategic raw material at any relevant stage of processing should come from a single third country.

As a next step, the proposed regulation will be discussed by the European Parliament and the Council of the EU before its adoption and entry into force.

Battery experts have welcomed the move but warn there is a long way to go to meet anticipated demand.

Fastmarkets head of battery raw materials research says because the EU will have to import most of its raw materials, speeding up the processing application procedure will help it to build its supply chain.

“The EU does not have an abundance of critical minerals,” he says.

“Where it has them, it needs to develop them with a sense of urgency.”

 

And over in the land of cobalt

Cobalt prices edged higher in early March following a year-long decline, but the commodity has since lost its edge with prices tumbling 60% since April 2022 and 34.21% since the beginning of 2023 on the back of a weak battery market.

Benchmark Minerals Intelligence says while the price movements suggest a floor may have been reached, the outlook will depend on China’s battery demand recovering.

The price reporting agency adds the gains witnessed during early March were on the back of positive sentiment driven from the aerospace sector, following a post COVID-19 recovery, as well as from the medical and military sectors.

“Any limited demand that did exist from the EV sector was absorbed by large raw material and sulphate inventories, whilst the market for smartphone and electronic LCO batteries also shows no signs of improvements.”

 

Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese, and vanadium is performing>>>

Battery metals stocks missing from our list? Shoot a mail to [email protected].

CODE COMPANY PRICE 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % MARKET CAP
VIA Viagold Rare Earth 2 0% 0% 0% 0% $166,624,808
PVW PVW Res Ltd 0.075 -16% -29% -61% -86% $7,384,770
A8G Australasian Metals 0.145 -9% -19% -52% -70% $5,969,722
INF Infinity Lithium 0.1 -5% -5% -47% -35% $46,259,209
LPI Lithium Pwr Int Ltd 0.26 -13% -28% -58% -62% $166,710,853
PSC Prospect Res Ltd 0.16 -29% -14% 82% 263% $69,338,919
PAM Pan Asia Metals 0.36 6% -3% -17% -31% $54,286,957
CXO Core Lithium 0.82 -11% -11% -43% -27% $1,502,563,603
LOT Lotus Resources Ltd 0.16 -20% -27% -33% -55% $214,972,841
AGY Argosy Minerals Ltd 0.48 -23% -29% -11% 23% $660,071,524
AZS Azure Minerals 0.285 0% -7% 43% -23% $105,363,739
NWC New World Resources 0.038 -12% -14% 19% -24% $80,008,698
QXR Qx Resources Limited 0.029 -15% -28% -15% -45% $25,112,145
GSR Greenstone Resources 0.022 -8% -12% -68% -41% $25,361,258
CAE Cannindah Resources 0.16 -9% -20% -29% -54% $89,916,792
AZL Arizona Lithium Ltd 0.047 -13% -25% -46% -70% $114,797,718
HNR Hannans Ltd 0.008 -33% -38% -62% -78% $24,521,443
COB Cobalt Blue Ltd 0.34 -6% -26% -58% -50% $123,969,273
ESS Essential Metals Ltd 0.485 2% -3% 0% 11% $129,769,847
LPD Lepidico Ltd 0.01 -29% -33% -63% -70% $84,015,489
MRD Mount Ridley Mines 0.004 0% -20% -27% -56% $31,139,531
CZN Corazon Ltd 0.015 -6% -25% -12% -55% $9,154,958
LKE Lake Resources 0.51 -14% -17% -51% -67% $709,972,352
DEV Devex Resources Ltd 0.24 -9% -8% -29% -44% $88,986,858
INR Ioneer Ltd 0.285 -11% -25% -59% -46% $598,026,406
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% -15% $2,752,409,203
MAN Mandrake Res Ltd 0.039 -13% -26% -7% -13% $23,930,397
RLC Reedy Lagoon Corp. 0.006 0% -25% -60% -78% $3,400,318
GBR Greatbould Resources 0.089 -10% 13% -10% -46% $37,689,782
FRS Forrestaniaresources 0.095 -14% -37% -53% -69% $5,906,456
STK Strickland Metals 0.037 -5% 16% -18% -31% $57,532,364
MLX Metals X Limited 0.26 -5% -21% -4% -60% $231,352,847
CLA Celsius Resource Ltd 0.015 0% -12% 0% -25% $31,572,469
FGR First Graphene Ltd 0.089 -4% -9% -26% -48% $49,600,782
HXG Hexagon Energy 0.011 -15% -35% -35% -78% $5,642,075
TLG Talga Group Ltd 1.53 9% -18% 8% 7% $558,982,967
MNS Magnis Energy Tech 0.31 -7% -23% -33% -35% $295,951,102
OZL OZ Minerals 28 0% 0% 6% 8% $9,387,736,729
PLL Piedmont Lithium Inc 0.78 -6% -16% -17% -18% $337,567,620
EUR European Lithium Ltd 0.065 -6% -4% -27% -41% $99,779,025
BKT Black Rock Mining 0.115 -12% -23% -41% -52% $108,128,756
QEM QEM Limited 0.205 -7% 3% -8% 14% $27,704,432
LYC Lynas Rare Earths 6.41 -7% -23% -21% -36% $5,629,552,878
ESR Estrella Res Ltd 0.0115 -4% -18% -21% -60% $16,319,291
ARL Ardea Resources Ltd 0.45 -7% -29% -50% -56% $81,463,817
GLN Galan Lithium Ltd 1 -12% -11% -29% -33% $305,380,828
JRL Jindalee Resources 2.41 -9% -5% -8% -22% $136,561,939
VUL Vulcan Energy 5.79 -10% -6% -27% -43% $830,490,393
SBR Sabre Resources 0.025 -17% -26% -58% -58% $6,995,668
CHN Chalice Mining Ltd 6.35 1% 4% 59% -11% $2,311,385,771
VRC Volt Resources Ltd 0.01 -13% 0% -64% -17% $47,273,087
NMT Neometals Ltd 0.575 -15% -27% -54% -66% $312,298,764
AXN Alliance Nickel Ltd 0.094 -6% 4% -18% 15% $60,395,591
PNN Power Minerals Ltd 0.315 -26% -31% -44% -28% $23,479,899
IGO IGO Limited 12 -6% -9% -20% 0% $8,913,042,159
GED Golden Deeps 0.008 -11% -20% -38% -11% $9,241,814
ADV Ardiden Ltd 0.007 -13% 0% -13% -46% $16,130,012
SRI Sipa Resources Ltd 0.026 4% -7% -48% -49% $5,932,112
NTU Northern Min Ltd 0.038 -10% -12% 3% -30% $182,795,253
AXE Archer Materials 0.46 -1% -24% -43% -51% $110,790,407
PGM Platina Resources 0.018 0% 0% -28% -64% $10,594,066
AAJ Aruma Resources Ltd 0.055 -4% -19% -13% -35% $8,475,921
IXR Ionic Rare Earths 0.027 -10% -23% -39% -58% $110,490,938
NIC Nickel Industries 0.88 -3% -14% -2% -30% $2,600,861,255
EVG Evion Group NL 0.055 -14% -10% -44% -54% $16,484,377
CWX Carawine Resources 0.098 -1% -2% -2% -54% $19,288,112
PLS Pilbara Min Ltd 3.52 -10% -16% -28% 26% $10,433,087,046
HAS Hastings Tech Met 2.7 -1% -10% -37% -50% $352,657,343
BUX Buxton Resources Ltd 0.17 -13% 0% 55% 48% $28,006,842
ARR American Rare Earths 0.21 2% -14% -11% -52% $91,508,064
SGQ St George Min Ltd 0.056 -13% -30% 56% 6% $48,568,362
TKL Traka Resources 0.006 0% -14% -25% -45% $4,336,647
PAN Panoramic Resources 0.135 8% -10% -36% -55% $256,364,251
PRL Province Resources 0.035 -10% -34% -62% -62% $42,533,753
IPT Impact Minerals 0.01 11% 11% 33% -14% $19,850,964
LIT Lithium Australia 0.033 -13% -23% -44% -69% $41,520,517
AKE Allkem Limited 10.28 -8% -11% -36% 4% $6,433,970,088
ARN Aldoro Resources 0.21 -9% 5% -13% -38% $23,711,587
JRV Jervois Global Ltd 0.12 -25% -40% -77% -86% $270,303,925
MCR Mincor Resources NL 1.48 30% 8% -26% -27% $557,364,714
SYR Syrah Resources 1.56 -11% -16% -18% 11% $1,042,303,545
AOU Auroch Minerals Ltd 0.057 16% -7% -25% -50% $24,387,173
ADD Adavale Resource Ltd 0.012 -31% -40% -60% -70% $6,234,313
LTR Liontown Resources 1.5 0% 16% -11% -10% $3,286,689,676
CTM Centaurus Metals Ltd 0.855 -7% -19% -25% -33% $341,685,018
VML Vital Metals Limited 0.018 -18% -25% -51% -66% $111,429,145
BSX Blackstone Ltd 0.15 -12% 7% -23% -64% $75,741,623
POS Poseidon Nick Ltd 0.035 -3% -5% -34% -62% $119,141,081
CHR Charger Metals 0.25 -15% -31% -55% -64% $10,928,592
AVL Aust Vanadium Ltd 0.031 0% 3% -26% -38% $135,272,382
AUZ Australian Mines Ltd 0.031 -21% -39% -60% -83% $17,164,026
TMT Technology Metals 0.235 -10% -25% -32% -32% $46,161,403
RXL Rox Resources 0.3 15% 94% 3% -26% $63,940,964
RNU Renascor Res Ltd 0.21 -9% -2% -2% -29% $533,275,575
GL1 Globallith 1.14 -20% -32% -57% -43% $250,478,576
BRB Breaker Res NL 0.38 33% 33% 62% 52% $122,565,309
ASN Anson Resources Ltd 0.2 -5% 5% -48% 74% $237,677,132
SYA Sayona Mining Ltd 0.205 -9% 0% -23% 24% $1,818,283,062
FFX Firefinch Ltd 0.2 0% 0% 0% -31% $236,569,315
EGR Ecograf Limited 0.185 -12% -14% -51% -68% $90,066,692
ATM Aneka Tambang 1.1 0% 0% -4% 0% $1,434,014
TVN Tivan Limited 0.076 -7% -8% -39% 10% $106,908,203
ALY Alchemy Resource Ltd 0.014 -7% -10% -33% 8% $17,671,144
GAL Galileo Mining Ltd 0.7 6% -14% -42% 233% $106,717,461
BHP BHP Group Limited 43.53 -5% -10% 11% 6% $217,627,651,086
LEL Lithenergy 0.63 -7% -22% -43% -31% $33,383,250
MMC Mitremining 0.26 8% -12% 49% 44% $8,276,573
RMX Red Mount Min Ltd 0.004 0% -27% -33% -53% $9,087,404
GW1 Greenwing Resources 0.215 -4% -10% -28% -25% $33,466,951
AQD Ausquest Limited 0.016 -6% 0% -6% -20% $13,202,388
LML Lincoln Minerals 0.022 -12% -29% 221% 221% $12,649,641
1MC Morella Corporation 0.007 -22% -42% -72% -76% $48,788,644
REE Rarex Limited 0.047 4% -13% -29% -50% $27,810,556
MRC Mineral Commodities 0.06 -3% -3% -31% -45% $41,487,356
PUR Pursuit Minerals 0.02 -9% -26% 43% 5% $24,932,268
QPM Queensland Pacific 0.11 -4% 18% -29% -24% $192,098,271
EMH European Metals Hldg 0.575 -11% -9% -32% -48% $75,598,447
BMM Balkanminingandmin 0.25 -9% -34% -23% -9% $10,745,283
PEK Peak Rare Earths Ltd 0.4975 3% -17% -1% -23% $98,948,404
LEG Legend Mining 0.04 -5% -20% -5% -46% $107,450,293
MOH Moho Resources 0.016 -16% -16% -56% -72% $3,322,595
AML Aeon Metals Ltd. 0.026 24% 4% -16% -45% $27,410,016
G88 Golden Mile Res Ltd 0.015 -17% -26% -54% -75% $3,068,846
WKT Walkabout Resources 0.11 -8% 0% -36% -45% $69,420,862
TON Triton Min Ltd 0.03 3% -14% 36% 7% $41,483,525
AR3 Austrare 0.23 -4% 2% -36% -69% $19,992,326
ARU Arafura Rare Earths 0.51 -10% -16% 28% 113% $1,067,098,241
MIN Mineral Resources. 77.49 -7% -5% 8% 67% $14,859,533,987
VMC Venus Metals Cor Ltd 0.15 0% -3% -9% -14% $24,931,016
S2R S2 Resources 0.14 4% -3% -3% -20% $59,463,271
CNJ Conico Ltd 0.009 -10% -25% -79% -17% $13,544,717
VR8 Vanadium Resources 0.07 8% -7% -27% -5% $33,908,866
PVT Pivotal Metals Ltd 0.034 -17% -11% -3% -38% $16,132,222
BOA Boadicea Resources 0.079 -9% -21% -47% -59% $6,170,147
IPX Iperionx Limited 0.71 -6% -23% -28% -27% $121,515,996
SLZ Sultan Resources Ltd 0.056 2% 6% -44% -65% $4,747,210
NKL Nickelxltd 0.061 -2% -9% -56% -59% $4,865,767
NVA Nova Minerals Ltd 0.44 -2% -27% -44% -37% $93,845,950
MLS Metals Australia 0.036 -12% -23% -28% -51% $21,853,303
MQR Marquee Resource Ltd 0.02 -17% -38% -71% -81% $6,871,358
MRR Minrex Resources Ltd 0.021 -25% -30% -60% -63% $22,782,218
EVR Ev Resources Ltd 0.014 -7% -13% -50% -73% $12,167,793
EFE Eastern Resources 0.01 -17% -41% -68% -80% $13,661,411
CNB Carnaby Resource Ltd 1.03 -7% -12% 29% -23% $137,460,545
BNR Bulletin Res Ltd 0.088 -7% -16% -37% -39% $27,597,563
AX8 Accelerate Resources 0.022 -15% -21% -46% -57% $8,684,840
AM7 Arcadia Minerals 0.21 -2% -5% -24% -7% $9,806,557
AS2 Askarimetalslimited 0.5 -1% -12% 41% 14% $24,748,765
BYH Bryah Resources Ltd 0.018 -10% -22% -36% -64% $5,062,563
DTM Dart Mining NL 0.038 -12% -16% -58% -53% $5,913,581
EMS Eastern Metals 0.062 0% -13% -56% -67% $2,421,994
FG1 Flynngold 0.078 -1% -10% -22% -42% $8,538,504
GSM Golden State Mining 0.032 -18% -26% -35% -57% $4,095,497
IMI Infinitymining 0.19 6% 0% -22% 9% $13,383,706
LRV Larvottoresources 0.15 -3% -3% -29% -23% $10,088,208
LSR Lodestar Minerals 0.005 25% 25% -23% -55% $8,692,187
RAG Ragnar Metals Ltd 0.014 -7% -13% -62% -55% $5,308,588
CTN Catalina Resources 0.005 0% -38% -44% -75% $6,192,434
TMB Tambourahmetals 0.1 10% -9% -38% -55% $4,119,260
TEM Tempest Minerals 0.022 -4% -8% -41% 0% $11,649,566
EMC Everest Metals Corp 0.075 0% -17% -25% -39% $7,982,483
WML Woomera Mining Ltd 0.012 0% -14% -29% -29% $11,473,935
KZR Kalamazoo Resources 0.1375 -8% -18% -44% -54% $20,225,615
LMG Latrobe Magnesium 0.066 0% -10% -24% -25% $108,760,120
KOR Korab Resources 0.019 -10% -17% -44% -55% $6,973,950
CMX Chemxmaterials 0.105 -13% -25% -46% -49% $6,079,335
NC1 Nicoresourceslimited 0.47 -6% -15% -36% -36% $40,885,126
GRE Greentechmetals 0.13 -13% -13% -28% -41% $4,197,700
CMO Cosmometalslimited 0.125 -4% -24% -14% -7% $3,188,750
FRB Firebird Metals 0.135 -16% -16% -33% -58% $9,499,750
S32 South32 Limited 4.08 -5% -9% 1% -15% $18,373,400,493
OMH OM Holdings Limited 0.72 -1% -8% 11% -17% $535,501,919
JMS Jupiter Mines. 0.22 -2% -8% 13% -14% $421,183,072
E25 Element 25 Ltd 0.595 -15% -24% -35% -32% $112,371,617
EMN Euromanganese 0.25 4% -9% -12% -36% $61,767,539
KGD Kula Gold Limited 0.017 -6% -32% -43% -59% $6,140,603
LRS Latin Resources Ltd 0.115 0% -12% 0% 102% $253,190,316
CRR Critical Resources 0.036 -20% -28% -58% -53% $59,005,930
ENT Enterprise Metals 0.008 0% 0% -33% -43% $5,640,646
SCN Scorpion Minerals 0.055 -20% -24% -33% -19% $20,742,372
GCM Green Critical Min 0.012 -8% -29% -8% 15% $11,837,744
ENV Enova Mining Limited 0.012 0% 0% -33% -29% $4,691,152
RBX Resource B 0.145 16% -3% 48% -28% $7,704,427
AKN Auking Mining Ltd 0.059 -2% -27% -33% -63% $11,980,477
RR1 Reach Resources Ltd 0.003 -25% -50% -63% -63% $7,132,652
EMT Emetals Limited 0.009 -10% -18% -50% -44% $7,650,000
PNT Panthermetalsltd 0.15 20% -21% -25% -36% $4,458,750
WIN Widgienickellimited 0.295 -8% -14% 2% -35% $67,867,964
WMG Western Mines 0.155 -11% -18% 19% -24% $6,360,038
AVW Avira Resources Ltd 0.002 -33% -33% -50% -64% $4,267,580
CAI Calidus Resources 0.235 4% -2% -58% -75% $98,898,939
GT1 Greentechnology 0.6 -17% -12% -23% -22% $114,443,036
KAI Kairos Minerals Ltd 0.021 17% 0% -45% -19% $33,389,589
MTM Mtmongerresources 0.092 -6% 24% -39% -37% $7,005,264
NWM Norwest Minerals 0.031 -3% -53% -28% -50% $7,329,544
PGD Peregrine Gold 0.365 -12% -12% -38% -22% $15,483,810
RAS Ragusa Minerals Ltd 0.074 -20% -38% -73% 4% $10,837,508
RGL Riversgold 0.015 -12% -35% -63% -55% $14,182,016
SRZ Stellar Resources 0.01 -9% -9% -29% -66% $10,046,309
STM Sunstone Metals Ltd 0.03 0% -14% -29% -64% $78,613,393
ZNC Zenith Minerals Ltd 0.19 -12% -16% -37% -42% $66,824,148
WC8 Wildcat Resources 0.03 7% 0% -23% 7% $19,529,670
ASO Aston Minerals Ltd 0.105 5% 19% 27% -30% $122,488,403
THR Thor Energy PLC 0.004 -20% -33% -64% -71% $7,390,564
CZL Cons Zinc Ltd 0.018 0% 0% -18% -36% $8,682,441
IG6 Internationalgraphit 0.18 -16% -31% -54% 0% $16,277,800
LPM Lithium Plus 0.215 -17% -37% -72% 0% $11,704,286
ODE Odessa Minerals Ltd 0.01 -9% -17% -50% -17% $5,655,641
KOB Kobaresourceslimited 0.14 -7% 0% 0% 0% $10,496,250
AZI Altamin Limited 0.076 15% 9% -14% 17% $29,770,473
FTL Firetail Resources 0.096 -20% -31% -62% 0% $6,825,000
LNR Lanthanein Resources 0.015 -6% -25% -67% -42% $17,945,209
CLZ Classic Min Ltd 0.002 0% -50% -88% -99% $3,675,564
NVX Novonix Limited 1.19 -25% -20% -43% -79% $603,652,167
OCN Oceanalithiumlimited 0.32 -9% -2% -48% 0% $12,588,128
SUM Summitminerals 0.13 -4% -13% -31% 0% $3,214,582
DVP Develop Global Ltd 2.76 -10% -21% 5% -16% $476,560,739
XTC Xantippe Res Ltd 0.005 -9% -17% -44% -23% $47,610,449
OD6 Od6Metalsltd 0.2 -9% -31% -5% 0% $12,103,409
HRE Heavy Rare Earths 0.1 -9% -29% -50% 0% $5,591,865
LIN Lindian Resources 0.235 -15% 9% -19% 634% $234,662,836
PEK Peak Rare Earths Ltd 0.4975 3% -17% -1% -23% $98,948,404
ILU Iluka Resources 9.99 -4% -7% 0% -4% $4,216,728,295
ASM Ausstratmaterials 1.265 -5% -32% -52% -84% $214,216,217
ETM Energy Transition 0.044 -4% -6% -25% -28% $59,652,737
VMS Venture Minerals 0.02 -9% -17% -29% -49% $37,100,859
IDA Indiana Resources 0.048 -4% -17% -26% -23% $25,060,241
VTM Victory Metals Ltd 0.175 -17% -13% -20% 3% $9,392,022
M2R Miramar 0.045 -22% -38% -57% -74% $3,180,678
WCN White Cliff Min Ltd 0.01 0% -17% -57% -63% $7,840,544
TAR Taruga Minerals 0.016 -6% 0% -47% -45% $11,296,429
ABX ABX Group Limited 0.12 14% -8% -29% -33% $26,830,898
MEK Meeka Metals Limited 0.043 8% -10% -39% -14% $45,907,184
RR1 Reach Resources Ltd 0.003 -25% -50% -63% -63% $7,132,652
DRE Dreadnought Resources Ltd 0.06 -12% -33% -50% 50% $207,504,878
KFM Kingfisher Mining 0.2 -17% -38% -65% -20% $11,280,150
AOA Ausmon Resorces 0.004 -20% -33% -56% -50% $3,877,157
WC1 Westcobarmetals 0.085 -29% -39% -62% -32% $7,774,537
GRL Godolphin Resources 0.065 18% -25% -24% -54% $6,510,320
DM1 Desert Metals 0.11 -24% -33% -79% -73% $8,342,224
PTR Petratherm Ltd 0.057 4% -10% -34% 27% $12,586,064
ITM Itech Minerals Ltd 0.235 -4% -25% -49% -41% $28,648,723
KTA Krakatoa Resources 0.03 -12% -23% -56% -33% $9,651,878
M24 Mamba Exploration 0.09 -22% -50% -40% -42% $6,098,334
LNR Lanthanein Resources 0.015 -6% -25% -67% -42% $17,945,209
TKM Trek Metals Ltd 0.066 -10% -4% 0% -6% $22,564,595
BCA Black Canyon Limited 0.21 2% -13% -14% -22% $10,089,557
CDT Castle Minerals 0.018 -22% -22% -40% -65% $19,116,381
RDT Red Dirt Metals Ltd 0.325 -14% -24% -49% -43% $146,819,472
A11 Atlantic Lithium 0.475 8% -25% 0% 0% $290,755,997
KNI Kunikolimited 0.4 -13% -11% -43% -64% $20,585,383
CY5 Cygnus Metals Ltd 0.235 -27% -31% -13% 38% $44,129,811
WR1 Winsome Resources 1.405 -27% -26% 319% 231% $223,604,873
LLI Loyal Lithium Ltd 0.245 -18% -31% -52% 11% $13,682,700
BC8 Black Cat Syndicate 0.345 -7% -4% -1% -41% $91,822,424
BUR Burleyminerals 0.215 -7% -32% 65% 72% $11,668,727
PBL Parabellumresources 0.345 0% -13% 3% 97% $18,879,263
L1M Lightning Minerals 0.145 -6% -15% 0% 0% $5,590,687
WA1 Wa1Resourcesltd 1.18 -6% -9% 687% 462% $43,595,712
EV1 Evolutionenergy 0.25 -11% -7% -15% -40% $37,656,250
1AE Auroraenergymetals 0.096 -4% -31% -62% 0% $11,784,401
RVT Richmond Vanadium 0.405 1% 9% 0% 0% $34,914,161
PMT Patriotbatterymetals 1.105 -21% -23% 0% 0% $255,673,675
PAT Patriot Lithium 0.25 -7% -32% 0% 0% $16,372,126
BM8 Battery Age Minerals 0.36 -8% -22% -28% -12% $27,460,720
OM1 Omnia Metals Group 0.245 -8% -2% 63% 53% $5,929,062
VHM Vhmlimited 0.8 9% -18% 0% 0% $119,098,833
LLL Leolithiumlimited 0.45 -7% -17% -40% 0% $443,995,610
SRN Surefire Rescs NL 0.018 0% 29% 20% 38% $25,301,816
SRL Sunrise 1.395 -4% -22% -53% -35% $122,478,715
SYR Syrah Resources 1.56 -11% -16% -18% 11% $1,042,303,545

 

WEEKLY SMALL CAP STANDOUTS

MINCOR (ASX:MCR) +30%

Mining billionaire Andrew Forrest could become the sole owner of one of WA’s biggest nickel miners and revive tensions with the world’s biggest miner BHP (ASX:BHP) after lobbing a bid valued at $760 million to take out Mincor Resources (ASX:MCR).

Twiggy’s private investment vehicle Wyloo Metals has latched onto a 49% fall in the Kambalda nickel producer’s share price over the past 12 months.

Holding almost 20% of the miner, which owns ground from which most of Kambalda’s historic 1.5 million odd tonnes of nickel metal has been produced, Wyloo’s $1.40 per share bid comes in at around a 35% premium to Mincor’s previous trading price of $1.04.

It will begin purchasing shares on market from today ahead of an official offer opening on April 5.

NOW READ: Twiggy tables Mincor bid valued at $760m as big miners go crazy for nickel

 

LODESTAR MINERALS (ASX:LSR) +25%

Lodestar welcomed the intersections of wide, high-grade lithium in RC drilling at the Kangaroo Hills JV project with Auroch, the operators of the project (Auroch 80%, Lodestar 20%).

All four reverse circulation holes in the first batch of assay results it received from the laboratory intersected spodumene-bearing LCT pegmatites with KHRC011 – the easternmost hole in the program – being the standout with a 29m intersection grading 1.36% Li2O from a down-hole depth of 38m.

Where it gets interesting for Auroch is that KHRC011 was a late addition to the drill program after in-field observations led its geology team to believe there was potential for a shallow pegmatite present further east of the planned drill holes.

For this hole to return a mineralised intercept at such a shallow depth is a big point in favour of Kangaroo Hills hosting a large-scale, shallow lithium-rich pegmatite, which currently remains open to the east, north and south.

The company adds that while drill hole data remains limited, the pegmatites are interpreted to be relatively flat lying, which will make predictive targeting that much easier.

 

AEON METALS (ASX:AML) +24%

A 65% increase to Aeon’s Walford Creek copper-cobalt project in northern Queensland was made during the week to 72.6Mt at 1.6% copper equivalent for 1,173kt of copper equivalent metal.

The company says the copper rich resource is now potentially Australia’s highest grade substantial and primary cobalt deposit (33.6Mt at 0.15% cobalt) including the high-grade Amy resource which delivered 8.3Mt at 1.35% copper and 0.22% cobalt (or 2.95% copper) – which is “comfortably the highest grade substantial cobalt resource in Australia.”

Around 61.4% of the mineral resource has been updated in the higher confidence Measured and Indicated category.

“We were able to add 337Kt of contained copper equivalent metal at a discovery cost of US$0.006/lb copper equivalent a tremendous return on exploration investment,” AML MD and CEO Dr Fred Hess said.

“In addition, we have a substantial pipeline of prospective regional targets covering 52km of untested potential strike.”

 

Battery stocks share prices today:


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