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Resources Top … 9: ASX uranium stocks are going berserk

The uranium space is going bonkers. The spark has been the Sprott Physical Uranium Trust (SPUT), which started buying up physical … Read More
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The uranium space is going bonkers.

The spark has been the Sprott Physical Uranium Trust (SPUT), which started buying up physical uranium and taking it out of market circulation in August.

So far, this has pushed spot price to +6-year highs.

SPUT has now massively upsized this buying program by ~$US1bn to $RUS1.3bn, and there could be more tailwinds to come, experts say.

Unsurprisingly, investor sentiment is sky high. Every stock on our list, except one, is making gains in morning trade Monday.

At least 14 of them are in double digits.

CODE COMPANY 1 DAY RETURN % 1 WEEK RETURN % 1 MONTH RETURN % 6 MONTH RETURN % 1 YEAR RETURN % PRICE MARKET CAP
92E 92Energy 20 22 148 0.62 $ 20,285,850.52
DYL Deep Yellow 20 25 71 80 367 1.145 $ 316,350,967.89
PEN Peninsula Energy 18 30 93 168 294 0.26 $ 219,124,000.70
VMY Vimy Resources 18 25 67 82 471 0.2 $ 178,754,772.03
VAL Valor Resources 18 33 122 186 400 0.02 $ 50,130,134.11
EL8 Elevate Uranium 17 50 142 431 741 0.69 $ 134,651,951.14
AGE Alligator Energy 17 56 141 483 1300 0.07 $ 167,014,419.66
BMN Bannerman Energy 14 29 107 132 644 0.29 $ 307,228,533.39
LOT Lotus Resources 13 15 69 116 170 0.27 $ 230,373,315.12
LAM Laramide Res 11 24 42 33 136 0.825 $ 876,415.30
DEV Devex Resources 11 17 50 64 38 0.345 $ 95,428,529.77
TIN TNT Mines 10 59 80 50 54 0.27 $ 29,411,816.11
PDN Paladin Energy 9 20 97 130 559 0.935 $ 2,289,678,157.40
CXU Cauldron Energy 10 22 50 36 41 0.045 $ 20,143,038.83
GLA Gladiator Resources 9 27 170 170 -16 0.0405 $ 16,462,036.45
GTR Gti Resources 9 30 106 94 40 0.035 $ 25,477,909.28
OKR Okapi Resources 9 37 58 330 246 0.71 $ 66,015,121.90
TOE Toro Energy 8 27 87 33 100 0.028 $ 101,330,896.68
BOE Boss Energy 8 27 78 104 265 0.285 $ 603,743,221.09
NXG Nexgenenergycanada 5 7 48 8.02 $ 83,227,536.42
BKY Berkeley Energia 0 -3 -3 -49 -63 0.325 $ 84,169,117.50
DLC Delecta 35 69 125 170 93 0.0135 $ 10,086,212.00
ERA Energy Resources of Australia 26 22 58 105 156 0.42 $ 1,530,000,000.00

 

ENERGY RESOURCES OF AUSTRALIA (ASX:ERA)

(Up on no news)

Rio Tinto’s uranium business is in the twilight of its life, with work now moving to the rehabilitation of Australia’s longest continually operating uranium mine, Ranger.

132,000 tonnes of uranium oxide have been mined from the Northern Territory mine over the past 35 years.

While there are no immediate plans to develop the costly underground resources, ERA has flagged its intention to “preserve optionality over the company’s undeveloped resources; and progress inorganic growth options evaluation”.

ERA also continues to hold substantial inventories of uranium oxide “that it aims to sell down opportunistically”.

The $1.61bn market cap stock is up 36% year-to-date.

 

DELECTA (ASX:DLC)

This $10m market cap minnow chose a good time to resume exploration at the early-stage Rex uranium project in Colorado.

Sampling and mapping programs have, so far, returned high-grade uranium and vanadium results.

Exploration is ongoing, with assays from the current program expected to be returned in the coming weeks.

“Due to renewed optimism surrounding future uranium pricing, the company recently decided to ramp up exploration at its majority owned REX uranium-vanadium project,” DLC boss Malcolm Day says.

“The project’s history of uranium mining, its proximity to operating infrastructure and the prevailing supportive government regime, bodes well for the development of the project.”

 

DEEP YELLOW (ASX:DYL)

(Up on no news)

Deep Yellow has three uranium projects in Namibia – Reptile, Nova and Yellow Dune.

A pre-feasibility study was completed in early 2021 on its 3mlb per annum ‘Tumas’ deposit – within the Reptile tenements — and a definitive feasibility study (DFS) commenced February 2021.

In early September, the company completed a “very successful” Tumas DFS resource upgrade infill drilling program.

“I, along with the team, are very pleased with the results demonstrating the great potential of Tumas to develop into a tier-one uranium deposit,” Deep Yellow managing director John Borshoff says.

“The large amount of Inferred and Indicated Resources that have been identified through the latest program, at a highly-effective overall discovery cost of 9.4c/lb U3O8, provides the team with great confidence that we have identified enough resources to proceed with evaluation of a 20+ year LOM operation in the Tumas DFS.”

“A major risk milestone has been overcome by the emergence of this robust resource base, importantly also showing added potential to increase the resource even further, providing Deep Yellow with exceptional, additional optionality for optimisation of the DFS, expected to be completed in the latter part of CY2022”.

The $390m market cap stock is up 137% year-to-date.

 

A-CAP ENERGY (ASX:ACB)

(Up on no news)

While explorer A-Cap is focussed on the ‘Wilconi’ nickel-cobalt project in WA, it also has sneaky exposure to the burgeoning uranium thematic.

The stock says the currently mothballed ‘Letlhakane’ project in Botswana contains one of the world’s largest undeveloped uranium deposits.

“The Company’s Letlhakane uranium project remains an important project asset within the diversified minerals strategy,” A-Cap said late July.

“While the nuclear industry is confident in the long-term fundamentals of uranium and nuclear power, there is less certainty in the short term with industry expectation that the market will gradually move towards balance from calendar year 2025.”

The $75m market cap stock is up $183% year-to-date.

 

92 ENERGY (ASX:92E)

(Up on no news)

The freshly listed uranium explorer wants to unlock the potential of its tenements in Canada’s ‘Athabasca Basin’, just 11km from Cigar Lake — one of the world’s largest and highest-grade uranium deposits.

A recent survey over its ‘Tower’ and ‘Gemini’ projects identified multiple prospective conductors prospective for high-grade, unconformity-type uranium.

Unconformity-type uranium deposits such as Cigar Lake and McArthur River are some of the largest and richest deposits globally, it says.

In early September 92E hit “a zone of elevated radioactivity” about 190m below surface in inaugural drilling at Gemini.

Assay results are due soon.

The $27m market cap stock is now up 250% on its April IPO price of 20c per share.

 

ENERGY METALS (ASX:EME)

(Up on no news)

This cashed up market cap enigma has eight mothballed exploration projects in the Northern Territory and WA.

Its main game is the ‘Bigrlyi’ uranium-vanadium project, where a prefeasibility study (PFS) was completed in 2011 before the uranium price hit the skids.

Work was suspended in 2012 and not much has been done since, despite a healthy bank balance of $15.7m at the end of the last quarter.

But here’s the kicker — the stock is tightly held, with only ~200m shares on issue. Most of this (66%) is held by a subsidiary of the state-owned China Nuclear Power Group (CGN), one of the largest nuclear power providers in the world.

CGN has five more power plants under construction and an additional two planned.

“The company’s strategy is to maintain tenure over its Western Australian uranium deposits with minimum expenditure until economic conditions improve and WA Government restrictions on uranium mining are lifted,” EME said last week.

“Energy Metals continues to monitor the situation with a view to recommencing exploration and development activities in the future.”

The $88m market cap stock is up 223% year-to-date.

 

VIMY RESOURCES (ASX:VMY)

(Up on no news)

The near term mine developer briefly plunged recently when long standing managing director Mike Young stepped down after 7 years.

Young said it was time to hand over to a transitional management team “to progress the remaining approvals and move towards project financing and development”.

Vimy’s flagship project is Mulga Rock in WA, one of Australia’s largest undeveloped uranium resources.

The $215m market cap stock is up 157% year-to-date.

 

VALOR RESOURCES (ASX:VAL)

(Up on no news)

This Tolga Kumova favourite has uranium projects in Canada’s Athabasca Basin.

Valor dropped some serious rock chip samples from the ‘Hook Lake’ uranium project at the end of August, with uranium oxide grades as high as 59.2% with rare earths, lead and silver potential to boot.

Kumova said the mineralisation combination was unique.

“To have all of those minerals in the same place is incredibly exciting,” he said.

“I’ve been looking to find analogous deposits and I just can’t, I haven’t seen it and I couldn’t find anything like it.”

“When it comes to these types of grades, especially in uranium, normally you’re going for parts per million mineralisation – 59% is enormous.”

The $50m market cap stock is up 100% year-to-date.

 

ALLIGATOR ENERGY (ASX:AGE)

(Up on no news)

In early August AGE raised $10.7m to accelerate its key projects – ‘Samphire’ in South Australia and ‘Alligator Rivers’ in the Northern Territory.

“Alligator can now aim to advance the Samphire Project through scoping and into feasibility work in an improving uranium market,” Alligator chief exec Greg Hall says.

“We believe our planned on-ground work on Samphire and the advanced work on the high-grade U40 Prospect extension will translate through to enhanced value to Alligator Shareholders.”

The $205m market cap stock is up 640% year-to-date.

The post Resources Top … 9: ASX uranium stocks are going berserk appeared first on Stockhead.

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EV metals explorer Eastern Metals just had to shut the door on its IPO offer a week early

Eastern Metals is a step closer towards ASX life after taking IPO applications for more than the maximum subscription of … Read More
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Early-stage mineral exploration company Eastern Metals is another step closer towards listing on the ASX after receiving IPO applications for more than the maximum subscription of $6 million. 

The offer was oversubscribed with more than 30 million shares issued at a price of 20c each.

That saw the company, which will operate under the ticker EMS, and its lead manager Panthea Capital agree to bring forward the closing date of the offer to 5pm AEST on Tuesday, September 21 – more than a week earlier than was anticipated when the prospectus was released in August.

With base metals in high demand by the fast-moving electric vehicle market, EMS has amassed a set of assets positioned to capitalise on the growing thematic. And according to managing director Wayne Rossiter, it will be ready to drill for them as soon as early Q4.

Strong project history

The base and precious metals stock has built its collective experience with the mineral systems of the NT and central Western NSW over more than 50 years.

Eastern Metals has a portfolio of three core projects in the Northern Territory and New South Wales mineral provinces with walk-up drill targets ready for testing.

Pic: Supplied

These include the Arunta Project in the Northern Territory, where its flagship EL 23186 Barrow Creek hosts the Home of Bullion deposit and Prospect D, and the Cobar and Thomson Projects in New South Wales.

Home of Bullion has a total indicated and inferred copper dominated massive sulphide mineral resource estimate of 2.5 million tonnes averaging 1.8% copper, 2% zinc, 36g/t silver, 1.2% lead and 0.14g/t gold.

Eastern Metals plans to spend more than $1.4 million growing this resource with further drilling as well as continue testing other base metals targets along strike from Home of Bullion and at Prospect D.

The company also intends to conduct regional geological reconnaissance mapping and rock chip sampling of pegmatites for lithium.

Locations of the company’s Cobar project tenements Pic: Supplied

 

NSW exploration heating up

EMS’ Cobar Project, within NSW’s Cobar Trough, includes the Brown Reef deposit, which comprises an exploration target between 27 to 37 million tonnes averaging 1.3–1.4% zinc, 0.6–0.7% lead, 9–10 g/t silver and 0.2–0.3% copper.

Targets have been identified both within and outside the exploration target zone at Browns Reef, where an additional two exploration licences have been taken out by EMS.

In addition to EL 6321 Browns Reef, Eastern Metals also holds two other tenements – Tara and Brothrooney – which together with Browns Reef form the Cobar project.

Eastern Metals plans to spend more than $1.3 million over two years on drilling and sampling at the Cobar project as exploration in the region continues to heat up.

Key players include Peel Mining with its Malle Bull, May Day and Wirlong Mines nearby and Aurelia Metals’ Hera and Federation Mines.
 

Early target testing: a key focus

Unlike its other projects, the Thomson Project contains targets in basement rocks beneath younger cover.

Limited drilling has revealed the rocks could be similar to those in the Cobar area. Plans are in place to work up these targets through analysis of high-quality data already available.

Overall, Eastern Metals believes early target testing could enhance its scope for achieving success in preference to greenfield exploration, which can be costly and time consuming.

EMS managing director Wayne Rossiter said it was gratifying to know the investment community found Eastern Metals’ assets and its business plans attractive.

“We are looking forward to commencing the drilling programs at both the Home of Bullion and Browns Reef in early Q4,” he said.

The post EV metals explorer Eastern Metals just had to shut the door on its IPO offer a week early appeared first on Stockhead.

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Energy & Critical Metals

High Voltage: Will the global market follow where Chinese lithium carbonate prices lead?

Technical and battery grade lithium carbonate prices increased by over 20% in the first two weeks of September in the Chinese domestic … Read More
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Technical and battery grade lithium carbonate prices increased by over 20% in the first two weeks of September in the Chinese domestic market.

And they’re now up 188.9% and 215% respectively this year.

Benchmark Mineral Intelligence’s lithium price assessment said this is due to surging demand and raw material supply concerns which have combined to push Chinese domestic prices up to their highest levels since mid-2018.

“Throughout August and early September, the price rally for lithium chemicals and feedstock has been re-ignited on incredibly strong downstream demand, especially within the Chinese domestic market, which acts as a bellwether for the rest of the world’s lithium market,” Benchmark analyst George Miller said.

Carbonate price increases are outpacing lithium hydroxide – and could soon race ahead.

And China EXW lithium hydroxide prices rose 14.2% in the first half of September, up 162.7% year-to-date.

Lithium carbonate prices could soon outpace lithium hydroxide.

But not everything is rosy in lithium land

On September 11 protestors demanded a halt to the development of Rio Tinto’s (ASX:RIO) proposed $2.4 billion Jadar lithium project in Serbia.

It’s the latest in a wave of community protests against battery metal projects in Western jurisdictions.

It’s a bit of a pickle because Europe is poised to become the second-largest consumer of lithium chemicals worldwide within the next decade – and the goal is supply chain accountability and security.

Not to mention Serbia is seeking to join the EU and environmental regulatory improvement has been cited as one key area where the country needs to improve.

Roskill’s Dominic Wells said countries like Serbia need to decide what mineral policy direction best suits their needs.

“They can maintain their reliance on overseas imports and have little direct control regarding the environmental cost of production, though will be insulated from the environmental impacts,” he said.

“Alternatively, they can develop domestic sources of these chemicals, set their own standards of production but bear the environmental cost and attempt to lessen it where possible.
 

Community conflicts inevitable

“Given the growing number of European mining projects looking to capitalise on domestic demand for lithium chemicals, further conflict between communities, miners, and the governments is inevitable,” Wells said.

“Regulation such as the European Union’s proposed Battery Passport scheme and Carbon Border Adjustment Mechanism touch on the issue, attempting to improve the environmental cost of non-EU producers.

“However, they have little to no impact on the conditions of domestic production. Should battery metal projects be developed, policymakers in lithium producing countries will need to self-regulate the conditions of production to appease both local groups and the producers themselves.”

 

Pangang moves into vanadium redox batteries

In other battery metals news, Chinese producer Pangang Group Vanadum and Titanium Resources signed an agreement with Dalian Bolong New Materials (BNM) to develop and promote vanadium redox battery (VRB) technology in China.

Roskill analyst Jack Anderson said the companies will also promote the potential of VRB use within the steel industry to reduce carbon consumption, new energy power generation and peak shaving services.

“Over the past couple of years an increasing number of primary and secondary vanadium producers have incorporated VRBs as an end-use application into their own business models,” he said.

“This represents a new precedent in vanadium market dynamics and has been reinforced by vanadium producers planning to vertically integrate mining and recycling operations downstream to VRBs.”

It’s part of China’s aim to peak carbon emissions by 2030 and reach carbon neutrality by 2060 as part of the Paris Agreement.

“In order to achieve this, and in line with the country’s 14th five-year plan, China intends to massively expand its renewables energy capacity, which will require large scale energy storage,” Anderson said.

“Despite the large potential for Li-ion battery energy storage in China, the country’s significant vanadium production boosts VRB’s domestic potential.”

 

Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, and vanadium are performing>>>

Code Company Price %Mth %SixMth %Wk %Yr MktCap
HNR Hannans Ltd 0.037 429 363 270 429 $ 51,919,498.22
LTR Liontown Resources 1.545 66 243 37 713 $ 2,950,260,451.05
ADD Adavale Resource Ltd 0.073 30 43 35 103 $ 22,748,680.82
ESS Essential Metals Ltd 0.22 22 91 26 134 $ 58,216,893.63
INF Infinity Lithium 0.12 22 -35 25 33 $ 46,335,173.94
CXO Core Lithium 0.425 29 93 25 963 $ 704,299,017.24
EUR European Lithium Ltd 0.099 43 41 24 111 $ 109,844,238.42
SYA Sayona Mining Ltd 0.1825 40 487 18 1987 $ 1,163,414,691.04
PSC Prospect Res Ltd 0.405 27 125 17 161 $ 172,585,590.75
ARR American Rare Earths 0.17 17 79 13 400 $ 67,237,623.57
RLC Reedy Lagoon Corp. 0.026 30 4 13 100 $ 13,500,654.15
SBR Sabre Resources 0.005 25 25 11 -55 $ 8,415,318.25
STK Strickland Metals 0.045 22 119 10 -14 $ 51,870,384.19
MLX Metals X Limited 0.34 26 51 10 336 $ 326,615,784.12
QPM Queensland Pacific 0.24 33 155 9 1100 $ 359,237,479.72
MOH Moho Resources 0.065 5 -23 8 -41 $ 6,712,901.13
DEV Devex Resources Ltd 0.335 52 56 8 31 $ 115,437,737.63
TKL Traka Resources 0.014 0 -18 8 -32 $ 8,709,510.52
AML Aeon Metals Ltd. 0.059 5 -40 7 -59 $ 45,779,978.27
GME GME Resources Ltd 0.063 19 -6 7 47 $ 37,421,418.01
VR8 Vanadium Resources 0.065 18 59 7 150 $ 28,872,643.25
IXR Ionic Rare Earths 0.034 0 -32 6 278 $ 125,518,782.02
SGQ St George Min Ltd 0.071 6 -22 6 -35 $ 45,956,893.09
GL1 Globallith 0.41 17 5 $ 38,259,635.28
HAS Hastings Tech Met 0.22 5 10 5 76 $ 425,921,540.17
AVL Aust Vanadium Ltd 0.023 -18 0 5 35 $ 82,020,637.03
RFR Rafaella Resources 0.092 11 -12 5 16 $ 18,120,529.71
PLS Pilbara Min Ltd 2.14 -3 99 4 529 $ 6,722,157,616.03
LPD Lepidico Ltd 0.025 32 0 4 257 $ 172,258,748.51
LIT Lithium Australia NL 0.125 -7 -7 4 140 $ 133,370,889.26
PUR Pursuit Minerals 0.051 -15 -24 4 265 $ 47,787,709.72
NMT Neometals Ltd 0.825 4 106 4 371 $ 493,538,756.40
NMT Neometals Ltd 0.825 4 106 4 371 $ 493,538,756.40
RNU Renascor Res Ltd 0.14 59 0 4 900 $ 300,934,984.32
AXE Archer Materials 1.825 -13 84 4 238 $ 437,196,568.32
TNG TNG Limited 0.085 -3 -19 4 -8 $ 111,205,236.56
MAN Mandrake Res Ltd 0.057 -5 -58 4 -8 $ 28,169,583.63
MRC Mineral Commodities 0.15 0 -61 3 -54 $ 77,428,641.93
ARN Aldoro Resources 0.495 -19 141 3 395 $ 40,000,683.00
ARN Aldoro Resources 0.495 -19 141 3 395 $ 40,000,683.00
AOU Auroch Minerals Ltd 0.19 9 -12 3 164 $ 56,045,797.39
REE Rarex Limited 0.1025 11 -18 3 39 $ 50,064,468.46
HWK Hawkstone Mng Ltd 0.041 8 14 3 193 $ 70,366,704.98
EMH European Metals Hldg 1.55 -12 -14 2 252 $ 208,147,144.00
AVZ AVZ Minerals Ltd 0.265 8 36 2 321 $ 901,088,350.40
TLG Talga Group Ltd 1.42 7 8 1 125 $ 459,393,307.59
BRB Breaker Res NL 0.25 25 22 0 2 $ 89,606,255.48
CZN Corazon Ltd 0.038 -5 -28 0 -5 $ 7,716,057.47
IPT Impact Minerals 0.013 0 -46 0 -48 $ 26,309,333.95
TON Triton Min Ltd 0.031 -9 -38 0 -42 $ 36,302,978.14
ALY Alchemy Resource Ltd 0.014 0 -7 0 -22 $ 10,083,651.80
ESR Estrella Res Ltd 0.042 8 -34 0 200 $ 49,967,880.82
VML Vital Metals Limited 0.062 -3 -23 0 226 $ 279,087,366.63
VMC Venus Metals Cor Ltd 0.175 -3 -10 0 -34 $ 26,438,769.53
TMT Technology Metals 0.4 0 10 0 63 $ 67,580,125.65
QXR Qx Resources Limited 0.012 9 -25 0 -29 $ 7,996,347.85
ATM Aneka Tambang 1 0 0 0 0 $ 1,303,649.00
AJM Altura Mining Ltd 0.07 0 0 0 0 $ 209,037,029.25
LML Lincoln Minerals 0.008 0 0 0 14 $ 4,599,869.49
GBR Greatbould Resources 0.155 99 297 0 231 $ 60,730,087.53
COB Cobalt Blue Ltd 0.325 25 -20 0 246 $ 104,473,896.45
BOA Boadicea Resources 0.185 -20 -19 0 -6 $ 14,762,980.05
LKE Lake Resources 0.515 -16 45 -1 820 $ 571,265,552.50
ARL Ardea Resources Ltd 0.46 -8 -15 -1 -14 $ 66,256,425.12
SRL Sunrise 1.665 -6 -34 -1 -43 $ 154,449,262.49
PGM Platina Resources 0.066 -6 38 -1 3 $ 31,275,528.62
SRI Sipa Resources Ltd 0.062 -2 3 -2 -25 $ 11,130,380.31
FFX Firefinch Ltd 0.605 8 163 -2 290 $ 595,842,336.05
LPI Lithium Pwr Int Ltd 0.28 0 -2 -2 75 $ 106,374,803.64
AUZ Australian Mines Ltd 0.0235 2 26 -2 50 $ 103,285,418.74
NKL Nickelxltd 0.215 -2 -2 $ 12,037,500.00
NTU Northern Min Ltd 0.041 5 5 -2 32 $ 203,351,944.57
HXG Hexagon Energy 0.078 8 -26 -3 34 $ 37,019,147.64
CWX Carawine Resources 0.195 -11 -30 -3 -25 $ 21,505,755.65
BKT Black Rock Mining 0.18 24 33 -3 233 $ 174,400,185.46
AZS Azure Minerals 0.345 53 3 -3 68 $ 111,324,859.56
AGY Argosy Minerals Ltd 0.17 17 72 -3 209 $ 225,048,906.72
JRV Jervois Global Ltd 0.5 9 9 -3 64 $ 840,887,083.41
CHN Chalice Mining Ltd 6.97 9 48 -3 344 $ 2,661,153,877.20
VRC Volt Resources Ltd 0.033 18 74 -3 120 $ 92,672,200.43
ADV Ardiden Ltd 0.0145 32 -24 -3 -48 $ 32,240,313.24
BEM Blackearth Minerals 0.13 18 0 -4 217 $ 33,696,266.39
ORE Orocobre Limited 8.63 -6 75 -4 220 $ 5,955,522,648.90
PAM Pan Asia Metals 0.465 174 244 -4 $ 33,986,028.78
PAM Pan Asia Metals 0.465 174 244 -4 $ 33,986,028.78
BMM Balkanminingandmin 0.765 25 -4 $ 26,000,000.00
NWC New World Resources 0.064 -12 -10 -4 52 $ 107,958,408.64
INR Ioneer Ltd 0.63 37 48 -5 473 $ 1,256,769,954.66
PEK Peak Resources 0.08 -10 -12 -5 176 $ 156,291,618.67
RXL Rox Resources 0.4 1 -28 -5 -57 $ 65,407,159.81
S2R S2 Resources 0.093 -34 -47 -5 -61 $ 35,281,110.65
CHR Charger Metals 0.55 -10 -5 $ 18,257,689.95
FGR First Graphene Ltd 0.175 -20 -33 -5 40 $ 101,698,382.41
LYC Lynas Rare Earths 6.68 -4 6 -6 175 $ 6,804,183,117.16
SLZ Sultan Resources Ltd 0.16 -9 -14 -6 -24 $ 11,125,502.24
PRL Province Resources 0.155 3 29 -6 485 $ 186,393,868.82
GLN Galan Lithium Ltd 0.985 -15 103 -6 579 $ 284,809,614.60
PNN PepinNini Minerals 0.29 -6 -17 -6 133 $ 14,591,200.64
ARU Arafura Resource Ltd 0.14 12 -24 -7 82 $ 240,241,836.46
BSX Blackstone Ltd 0.48 12 7 -7 9 $ 173,280,738.80
WKT Walkabout Resources 0.205 -13 37 -7 -13 $ 87,208,379.04
IGO IGO Limited 8.92 -6 40 -7 96 $ 7,095,599,407.81
IGO IGO Limited 8.92 -6 40 -7 96 $ 7,095,599,407.81
OZL OZ Minerals 21.83 -1 -6 -7 52 $ 7,774,160,870.90
GAL Galileo Mining Ltd 0.265 -22 23 -7 -9 $ 48,749,349.45
MCR Mincor Resources NL 1.26 1 32 -7 42 $ 623,014,720.90
PLL Piedmont Lithium Inc 0.69 -12 -32 -7 431 $ 409,580,611.00
BUX Buxton Resources Ltd 0.07 -30 -3 -8 -42 $ 9,523,880.24
LEG Legend Mining 0.069 -14 -45 -8 -55 $ 192,859,500.47
NIC Nickel Mines Limited 0.985 -4 -31 -9 42 $ 2,741,381,665.59
VUL Vulcan Energy 14.55 9 129 -8 1553 $ 1,650,364,991.88
PAN Panoramic Resources 0.205 21 58 -9 116 $ 451,201,080.88
AAJ Aruma Resources Ltd 0.088 4 60 -9 -35 $ 11,588,458.28
CNJ Conico Ltd 0.058 -16 76 -9 287 $ 58,741,087.04
BHP BHP Group Limited 37.37 -27 -19 -9 0 $ 115,531,844,589.04
MNS Magnis Energy Tech 0.32 -3 0 -10 60 $ 311,360,572.91
BAR Barra Resources 0.026 37 24 -10 24 $ 22,151,850.36
AQD Ausquest Limited 0.017 -15 -15 -11 -47 $ 15,640,606.79
POS Poseidon Nick Ltd 0.105 -9 69 -13 88 $ 337,035,547.86
G88 Golden Mile Res Ltd 0.048 -16 -8 -13 -23 $ 9,234,989.71
GED Golden Deeps 0.01 -9 0 -13 -41 $ 8,534,365.84
SYR Syrah Resources 1.155 -13 -3 -13 148 $ 603,469,014.83
CTM Centaurus Metals Ltd 0.93 2 14 -14 94 $ 350,603,633.04
EGR Ecograf Limited 0.715 -16 3 -14 430 $ 337,375,094.25
GW1 Greenwing Resources 0.31 22 -11 -15 77 $ 35,803,805.05
MIN Mineral Resources. 45.05 -21 17 -15 81 $ 9,113,911,182.86
CLA Celsius Resource Ltd 0.025 -4 -44 -17 -24 $ 29,322,386.27
ASN Anson Resources Ltd 0.091 0 18 -17 379 $ 85,372,475.99
MLS Metals Australia 0.0015 -25 -25 -25 -50 $ 8,454,376.09
JRL Jindalee Resources 2.31 -33 32 -32 413 $ 142,054,549.56

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop:

 

Only 46 of the 130 ASX battery metals stocks on our list posted gains last week.

Over the past year 55 stocks have posted a gain of 100% or more.

Three of them – Vulcan (ASX:VUL), Sayona Mining (ASX:SYA) and Queensland Pacific Metals (ASX:QPM) – have posted a gain of 1000% or higher, and there are several more knocking at the door.

There were several standouts, including Adavale Resources (ASX:ADD) up 35% after completing three drill holes at its Kabanga Jirani Nickel Project in Tanzania.

Infinity Lithium (ASX:INF) was up 25% off the back of news it had delivered the first battery grade lithium hydroxide monohydrate and lithium carbonate produced at bench-scale from its San José project in Spain.

The company has commenced pilot-scale roasting which is scheduled for completion in early October and is a key step in the feasibility study for the project – which is poised to supply lithium to the European battery industry.

And Sayona was up 18% after a project review showed the potential to increase the lithium resource at its newly acquired North American Lithium (NAL) mine in Québec, Canada.

In 2017, NAL had a total foreign mineral resource estimate of 39.3 million tonnes at 1.04% Li2O and a conversion to Australia’s JORC standard is expected by the end of the year.

 

 

 

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Surge Copper Starts Drill Program At Berg Property

Surge Copper Corp. (TSXV: SURG) announced this morning that it has started drilling at the main Berg deposit area, located
The post Surge Copper Starts…

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Surge Copper Corp. (TSXV: SURG) announced this morning that it has started drilling at the main Berg deposit area, located within the Berg Property in central British Columbia. This follows the successful rehabilitation of the access trail and ongoing progress on camp reconstruction.

The company’s 2021 drill program at Berg covers 4,500 metres comprising 15 drill holes. Around $1.3 million has been budgeted for the program with objectives including modernizing the drill hole database and improving drill hole density.

The mining firm has mobilized one drill to the site and has begun drilling on a collar location in the southwestern quadrant of the deposit area.

Historical assays from the property include a highlight intersect of 0.56% copper, 0.070% molybdenum, and 60.5 g/t silver over 63.0 metres. The company is earning into a 70% interest in the Berg property from Centerra Gold Inc (TSX: CG).

Surge Copper last traded at $0.335 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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