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Ablemarle Says Contracted Lithium Prices to Jump Another 40% in 2023

Kairos Minerals identifies a new lithium anomaly at Roe Hills Riversgold defines a 900m lithium anomaly at Mt Holland Marquee … Read More
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This article was originally published by Stockhead
  • Kairos Minerals identifies a new lithium anomaly at Roe Hills
  • Riversgold defines a 900m lithium anomaly at Mt Holland
  • Marquee Resources sampling results returns 924 ppm lithium at Kibby Basin

All your lithium news, Wednesday January 25.

 

In a blog post on Tuesday, Tesla – the world’s biggest producer of electric vehicles, announced it was investing more than US$3.6bn to continue growing its Nevada assembly plant.

The money would help to develop a 100GWh 4,680 cell factory – with enough capacity to produce batteries for 2 million light duty vehicles annually and a dedicated factory to make its Semi truck.

The major EV manufacturer’s move to produce even more batteries is likely representative of the automotive industries general belief in accelerating EV sales, which will in turn drive lithium demand up.

This also neatly lends credence to Abermarles’ claim that the price it expects to receive for lithium this year will jump 40% over 2022 levels.

According to Abermarles’ head of energy storage division, Eric Norris, lithium pricing needs to remain elevated in order to support the incentives required to take on investment risks.

“”The (lithium) market is tighter than it was last year,” he said in a 2023 strategic update presentation.

“There’s significant supply coming on, but the demand growth is more significant.”

 

 

Here’s how ASX lithium stocks are tracking:

CODE COMPANY PRICE % TODAY MARKET CAP
ASN Anson Resources Ltd 0.2325 22% $223,868,435
SCN Scorpion Minerals 0.089 19% $25,927,964
CHR Charger Metals 0.435 16% $16,392,888
RAG Ragnar Metals Ltd 0.016 14% $5,308,588
NWM Norwest Minerals 0.073 12% $14,436,980
MRR Minrex Resources Ltd 0.038 12% $36,885,495
CZL Cons Zinc Ltd 0.019 12% $8,200,083
LLO Lion One Metals Ltd 1.18 11% $12,261,348
AM7 Arcadia Minerals 0.25 11% $10,507,026
EFE Eastern Resources 0.018 9% $19,392,880
XTC Xantippe Res Ltd 0.006 9% $56,606,191
AZL Arizona Lithium Ltd 0.073 9% $163,647,811
ADV Ardiden Ltd 0.008 7% $20,162,515
PNN Power Minerals Ltd 0.525 6% $35,761,187
NVA Nova Minerals Ltd 0.68 5% $135,484,914
RAS Ragusa Minerals Ltd 0.11 5% $14,972,873
LNR Lanthanein Resources 0.022 5% $20,613,087
LLL Leolithiumlimited 0.6075 5% $572,261,009
MNS Magnis Energy Tech 0.45 5% $417,242,538
QPM Queensland Pacific 0.115 5% $192,098,271
GL1 Globallith 2.275 4% $464,717,698
KAI Kairos Minerals Ltd 0.024 4% $45,174,150
INF Infinity Lithium 0.13 4% $57,824,012
KGD Kula Gold Limited 0.028 4% $9,752,722
RGL Riversgold 0.029 4% $26,473,096
WC8 Wildcat Resources 0.03 3% $19,198,659
PAT Patriot Lithium 0.31 3% $17,388,751
VMC Venus Metals Cor Ltd 0.16 3% $27,602,196
NMT Neometals Ltd 0.9075 3% $486,412,235
SYA Sayona Mining Ltd 0.2775 3% $2,345,418,474
MQR Marquee Resource Ltd 0.04 3% $12,761,093
M2R Miramar 0.08 3% $5,513,176
FG1 Flynngold 0.1025 3% $7,832,354
IMI Infinitymining 0.265 2% $19,884,363
LEL Lithenergy 0.82 2% $48,420,750
CY5 Cygnus Gold Limited 0.4425 2% $79,985,282
GLN Galan Lithium Ltd 1.255 2% $377,299,175
VUL Vulcan Energy 6.94 1% $981,097,459
TKM Trek Metals Ltd 0.072 1% $25,840,101
EUR European Lithium Ltd 0.085 1% $121,736,091
INR Ioneer Ltd 0.475 1% $986,218,985
EMC Everest Metals Corp 0.1 1% $10,536,878
CXO Core Lithium 1.1175 1% $2,051,687,468
PLS Pilbara Min Ltd 5.11 1% $15,229,685,009
JRL Jindalee Resources 2.01 1% $114,757,932
WES Wesfarmers Limited 49.39 0% $55,747,067,810
AKE Allkem Limited 13.845 0% $8,799,681,587
AVZ AVZ Minerals Ltd 0.78 0% $2,752,409,203
EMH European Metals Hldg 0.67 0% $84,310,464
LIT Lithium Australia 0.047 0% $57,396,009
RLC Reedy Lagoon Corp. 0.01 0% $5,667,196
TKL Traka Resources 0.008 0% $5,782,196
IGO IGO Limited 15.84 0% $11,995,122,158
AX8 Accelerate Resources 0.027 0% $10,195,247
AS2 Askarimetalslimited 0.655 0% $32,321,321
BYH Bryah Resources Ltd 0.025 0% $7,031,337
DTM Dart Mining NL 0.055 0% $8,559,131
EMS Eastern Metals 0.085 0% $3,320,475
GSM Golden State Mining 0.043 0% $5,031,611
LRV Larvottoresources 0.185 0% $12,442,124
MMC Mitremining 0.295 0% $7,990,105
CTN Catalina Resources 0.009 0% $11,146,382
TMB Tambourahmetals 0.12 0% $4,943,112
TEM Tempest Minerals 0.027 0% $13,628,687
WCN White Cliff Min Ltd 0.013 0% $9,792,707
LRS Latin Resources Ltd 0.125 0% $275,206,865
QXR Qx Resources Limited 0.05 0% $44,843,116
AZI Altamin Limited 0.08 0% $31,337,340
ENT Enterprise Metals 0.009 0% $6,345,726
AVW Avira Resources Ltd 0.003 0% $6,401,370
BNR Bulletin Res Ltd 0.1 0% $29,359,110
RMX Red Mount Min Ltd 0.005 0% $9,941,744
A8G Australasian Metals 0.195 0% $8,028,246
SRZ Stellar Resources 0.013 0% $13,060,202
LSR Lodestar Minerals 0.005 0% $8,692,187
VKA Viking Mines Ltd 0.008 0% $8,202,067
IPT Impact Minerals 0.011 0% $27,295,076
ZNC Zenith Minerals Ltd 0.25 0% $87,926,511
G88 Golden Mile Res Ltd 0.024 0% $4,910,154
EPM Eclipse Metals 0.023 0% $46,645,375
THR Thor Energy PLC 0.006 0% $8,731,877
MXR Maximus Resources 0.039 0% $12,443,175
AOU Auroch Minerals Ltd 0.061 0% $26,098,553
LRD Lordresourceslimited 0.19 0% $6,325,503
WMC Wiluna Mining Corp 0.205 0% $74,238,031
ALY Alchemy Resource Ltd 0.017 0% $20,027,296
LIS Lisenergylimited 0.375 0% $62,217,820
TYX Tyranna Res Ltd 0.025 0% $60,135,633
IR1 Irismetals 1.16 0% $72,766,800
DAL Dalaroometalsltd 0.085 0% $2,539,375
CMD Cassius Mining Ltd 0.031 0% $12,663,280
LTR Liontown Resources 1.5375 0% $3,382,510,439
LKE Lake Resources 0.8125 0% $1,135,026,495
RIO Rio Tinto Limited 126.75 -1% $47,307,794,312
PLL Piedmont Lithium Inc 0.91 -1% $387,465,900
AGY Argosy Minerals Ltd 0.66 -1% $933,930,986
RDT Red Dirt Metals Ltd 0.535 -1% $239,575,045
ESS Essential Metals Ltd 0.5 -1% $134,868,680
PAM Pan Asia Metals 0.375 -1% $55,805,124
SGQ St George Min Ltd 0.074 -1% $62,601,760
AUN Aurumin 0.064 -2% $11,554,588
PGD Peregrine Gold 0.58 -2% $22,863,615
LPI Lithium Pwr Int Ltd 0.495 -2% $317,694,268
PSC Prospect Res Ltd 0.1125 -2% $53,159,838
KZR Kalamazoo Resources 0.215 -2% $32,740,262
STM Sunstone Metals Ltd 0.042 -2% $112,679,196
ZEO Zeotech Limited 0.041 -2% $68,909,638
MIN Mineral Resources. 93.98 -2% $18,272,047,284
TUL Tulla Resources 0.37 -3% $80,882,411
TON Triton Min Ltd 0.036 -3% $51,163,015
SRI Sipa Resources Ltd 0.034 -3% $7,985,535
DRE Dreadnought Resources Ltd 0.095 -3% $302,793,366
WR1 Winsome Resources 1.845 -3% $268,018,300
GW1 Greenwing Resources 0.305 -3% $46,638,542
AML Aeon Metals Ltd. 0.029 -3% $32,892,019
AAJ Aruma Resources Ltd 0.081 -4% $13,184,766
OCN Oceanalithiumlimited 0.4 -4% $15,111,810
GT1 Greentechnology 0.925 -4% $183,108,857
DAF Discovery Alaska Ltd 0.026 -4% $6,054,337
CAI Calidus Resources 0.375 -4% $171,297,816
CRR Critical Resources 0.049 -4% $81,106,964
A11 Atlantic Lithium 0.67 -4% $424,019,162
MTM Mtmongerresources 0.083 -5% $4,961,107
LLI Loyal Lithium Ltd 0.385 -5% $21,258,450
FRS Forrestaniaresources 0.18 -5% $11,569,348
LPD Lepidico Ltd 0.015 -6% $122,204,348
EVR Ev Resources Ltd 0.015 -6% $14,863,745
1MC Morella Corporation 0.014 -7% $91,478,707
BMM Balkanminingandmin 0.345 -7% $16,565,645
KTA Krakatoa Resources 0.04 -7% $14,822,526
VSR Voltaic Strategic 0.024 -8% $7,967,197
MLS Metals Australia 0.055 -8% $36,422,171
ARN Aldoro Resources 0.21 -9% $25,969,833
WML Woomera Mining Ltd 0.019 -10% $20,079,386
AOA Ausmon Resorces 0.006 -14% $6,001,025
FTL Firetail Resources 0.12 -14% $9,100,000
MM1 Midasmineralsltd 0.165 -15% $11,140,694

A total of 45 lithium stocks finished in the green, 48 fell flat and another 49 tumbled into the red zone.

 

Who’s got news out?

KAIROS MINERALS (ASX:KAI)

A new lithium anomaly called Crystal Palace has been identified 5km along strike of Global Lithium’s Manna Li-Ta deposit.

The anomaly is coincident with newly-identified pegmatites and were identified as part of a 6,000-sample geochemical programme still underway at the northern half of Kairos’ large Roe Hills tenement package.

KAI is hoping the program will provide a reliable foundation dataset for lithium, gold and nickel targeting.

 

RIVERSGOLD (ASX:RGL)

Expanded geochemical sampling on the southern portion of the Mt Holland project tenement has defined a clear 900m long lithium anomaly.

RGL’s CEO Julian Ford says these are the first exploration results generated from the ground immediately to the east of Covalent Lithium’s Mt Holland lithium mine since Kidman in 2016.

The company is now looking at getting on the ground and start drilling this quarter.

 

MARQUEE RESOURCES (ASX:MQR)

MQR’S final samples from the Kibby Basin lithium project have returned mineralised intervals containing up to 924 ppm lithium with greater than 300 ppm lithium over thicknesses in excess of 450m.

Lithium mineralisation is fairly consistent in both thickness and grade in the two boreholes, which are 2000 m apart, suggesting extensive lateral occurrence across the basin.

Marquee has now started planning for a 2023 exploration program at the project.

 

AFRICAN GOLD (ASX:A1G)

Field exploration has discovered outcropping pegmatite intrusions, together with coincident lithium, caesium, tantalum (LCT) and rubidium anomalism in stream sediment samples on A1G’s Agboville project.

Stream sediment results have confirmed LCT anomalism across two zones totalling over 150km2 coincident to the observed pegmatites

GLOBAL LITHIUM RESOURCES (ASX:GL1)

A metallurgical processing program has started at the Manna lithium project with resources engineering firm Wave International appointed to undertake the study in conjunction with GL1.

Wave International is set to define and test the metallurgical upgrade process to produce a spodumene concentrate for Manna.

Outcomes of study will underpin the Manna feasibility study, scheduled to begin sometime this quarter.

 

 

RED DIRT METALS (ASX:RDT)

RDT has pulled up its ‘best intersection to date’ at the Mt Ida lithium project from the Sister Sam pegmatite, which returned 49.5m at 1.45% Li2O from 387.5m.

More than 20 intersections are with the labs undergoing analysis with expected results in the next 6-12 weeks.

The planned drill programs will cover more than 200 holes and 60,000m throughout 2023.

 

LITHIUM POWER INTERNATIONAL (ASX:LPI)

LPI has completed the RC drilling component of its inaugural drilling program at the East Kirup lithium prospect in the Greenbushes region of Western Australia.

Ten holes were drilled for a total of 573m and several 2m zones have indicated the potential for pegmatites, after early drilling intercepted quartz, pink potassic feldspar, biotite and tourmaline.

These samples have now been submitted to the lab for analysis.

Meanwhile, diamond drilling is set to complete this week having drilled four holes for 400m.


The post Eye on Lithium: Contracted lithium prices to jump another 40pc in 2023, Ablemarle says appeared first on Stockhead.





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