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Eye on Lithium: Indonesia, Finland Catch the Lithium Wave as PR1 Surfs the Same into Quebec
Indonesia building lithium hydroxide plant Sibanye-Stillwater approves Keliber integrated lithium project Pure Resources picks up lithium ground in Quebec…
- Indonesia building lithium hydroxide plant
- Sibanye-Stillwater approves Keliber integrated lithium project
- Pure Resources picks up lithium ground in Quebec
All your lithium news, Wednesday November 30.
If it wasn’t already clear that lithium is still very much a thriving sector, then perhaps the strong performance of stocks chasing the battery metal on the ASX today amidst ongoing efforts across the globe to ensure supply security might be enough to convince sceptics.
Just to the north, Indonesian Deputy Coordinating Minister for Maritime and Investment Affairs Septian Hario Seto told an industry conference on Tuesday that the country was building a 60,000tpa lithium hydroxide plant in the heart of the nickel industry in Morowali.
And just to reinforce the point – though it isn’t quite lithium, Indonesia will also start in January construction of a 80,000tpa battery anode material plant.
Reuters quoted him as saying that Indonesia was building an ecosystem and not just producing nickel and cobalt based components.
However, he did not elaborate on where the lithium ore for the hydroxide plant would come from as Indonesia does not have its own mine.
Meanwhile, South African diversified miner Sibanye-Stillwater has given the greenlight to the €588m ($909m) Keliber lithium project in Finland.
The company aims to be Europe’s first fully integrated lithium hydroxide producer with capacity of 15,000tpa from resources totalling 17Mt of scalable lithium oxide.
It is worth noting at this stage that these developments represent just a small slice of all the lithium developments that are in progress across the globe as countries and companies attempt to build a supply chain independent of China.
So for lithium companies to perform well despite all this activity is testament to investors ongoing confidence in the sector.
Here’s how ASX lithium stocks are tracking:
| CODE | COMPANY | PRICE | % TODAY | MARKET CAP |
|---|---|---|---|---|
| RAS | Ragusa Minerals Ltd | 0.165 | 32% | $16,539,769 |
| ENT | Enterprise Metals | 0.01 | 11% | $5,876,826 |
| VKA | Viking Mines Ltd | 0.01 | 11% | $9,227,326 |
| TYX | Tyranna Res Ltd | 0.033 | 10% | $72,162,760 |
| LRS | Latin Resources Ltd | 0.13 | 8% | $241,957,890 |
| SRZ | Stellar Resources | 0.014 | 8% | $13,060,202 |
| SYA | Sayona Mining Ltd | 0.22 | 7% | $1,779,406,465 |
| MMC | Mitremining | 0.22 | 7% | $5,552,446 |
| LRD | Lord Resources | 0.24 | 7% | $7,489,040 |
| QPM | Queensland Pacific | 0.1275 | 6% | $209,561,751 |
| PNN | Power Minerals Ltd | 0.6 | 6% | $40,768,981 |
| 1MC | Morella Corporation | 0.018 | 6% | $98,626,448 |
| LRV | Larvotto Resources | 0.18 | 6% | $8,483,935 |
| MQR | Marquee Resource Ltd | 0.055 | 6% | $16,516,114 |
| AS2 | Askari Metals | 0.415 | 5% | $19,488,953 |
| PAM | Pan Asia Metals | 0.43 | 5% | $60,210,792 |
| MIN | Mineral Resources | 87.64 | 5% | $15,897,895,731 |
| ASN | Anson Resources Ltd | 0.23 | 5% | $258,696,680 |
| IGO | IGO Limited | 15.31 | 4% | $11,139,409,529 |
| LPI | Lithium Pwr Int Ltd | 0.515 | 4% | $193,644,557 |
| TON | Triton Min Ltd | 0.026 | 4% | $34,569,604 |
| A11 | Atlantic Lithium | 0.78 | 4% | $454,306,245 |
| LLL | Leo Lithium | 0.535 | 4% | $508,128,310 |
| BYH | Bryah Resources Ltd | 0.027 | 4% | $7,312,590 |
| INR | Ioneer Ltd | 0.57 | 4% | $1,154,086,047 |
| VUL | Vulcan Energy | 7.25 | 4% | $1,003,347,107 |
| KAI | Kairos Minerals Ltd | 0.029 | 4% | $54,994,618 |
| WML | Woomera Mining Ltd | 0.015 | 3% | $13,623,972 |
| KTA | Krakatoa Resources | 0.061 | 3% | $20,337,885 |
| PSC | Prospect Res Ltd | 0.16 | 3% | $71,650,217 |
| KGD | Kula Gold Limited | 0.032 | 3% | $11,197,570 |
| LPD | Lepidico Ltd | 0.0165 | 3% | $122,204,340 |
| RAG | Ragnar Metals Ltd | 0.0175 | 3% | $6,446,143 |
| LNR | Lanthanein Resources | 0.035 | 3% | $32,736,069 |
| CXO | Core Lithium | 1.3475 | 3% | $2,408,198,439 |
| INF | Infinity Lithium | 0.18 | 3% | $79,101,307 |
| TSCDA | Twenty Seven Co. Ltd | 0.073 | 3% | $7,556,711 |
| JRL | Jindalee Resources | 2.2 | 3% | $122,790,987 |
| MNS | Magnis Energy Tech | 0.37 | 3% | $349,319,334 |
| PLS | Pilbara Min Ltd | 4.61 | 3% | $13,445,893,626 |
| LKE | Lake Resources | 0.975 | 3% | $1,321,733,774 |
| MRR | Minrex Resources Ltd | 0.04 | 3% | $42,258,126 |
| DRE | Dreadnought Resources Ltd | 0.1025 | 3% | $307,371,155 |
| RIO | Rio Tinto Limited | 110.44 | 2% | $40,028,244,356 |
| EUR | European Lithium Ltd | 0.085 | 2% | $120,286,852 |
| WR1 | Winsome Resources | 1.08 | 2% | $146,847,582 |
| NMT | Neometals Ltd | 0.9775 | 2% | $527,867,823 |
| AKE | Allkem Limited | 13.5 | 2% | $8,417,086,735 |
| NVA | Nova Minerals Ltd | 0.675 | 2% | $138,376,440 |
| TKM | Trek Metals Ltd | 0.092 | 2% | $32,755,057 |
| GLN | Galan Lithium Ltd | 1.46 | 2% | $435,534,930 |
| AM7 | Arcadia Minerals | 0.265 | 2% | $12,141,452 |
| CHR | Charger Metals | 0.535 | 2% | $22,893,168 |
| PLL | Piedmont Lithium Inc | 0.82 | 2% | $424,694,494 |
| CRR | Critical Resources | 0.057 | 2% | $83,637,213 |
| AGY | Argosy Minerals Ltd | 0.605 | 2% | $835,622,461 |
| ARN | Aldoro Resources | 0.305 | 2% | $33,746,195 |
| SCN | Scorpion Minerals | 0.076 | 1% | $25,027,964 |
| GL1 | Globallith | 2.32 | 1% | $476,774,006 |
| LIS | Li-S Energy | 0.395 | 1% | $64,706,533 |
| WES | Wesfarmers Limited | 48.965 | 1% | $54,832,514,103 |
| ESS | Essential Metals Ltd | 0.41 | 1% | $104,880,391 |
| AZL | Arizona Lithium Ltd | 0.0715 | 1% | $171,104,715 |
| LTR | Liontown Resources | 1.9175 | 1% | $4,184,209,342 |
| LEL | Lithium Energy | 0.9 | 1% | $53,834,250 |
| IR1 | Iris Metals | 1.8 | 1% | $112,286,700 |
| GT1 | Greentechnology | 0.965 | 1% | $183,108,857 |
| AML | Aeon Metals Ltd | 0.03 | 0% | $32,892,019 |
| AVZ | AVZ Minerals Ltd | 0.78 | 0% | $2,752,409,203 |
| LIT | Lithium Australia | 0.05 | 0% | $61,059,584 |
| MLS | Metals Australia | 0.044 | 0% | $26,709,592 |
| RLC | Reedy Lagoon Corp. | 0.011 | 0% | $6,131,696 |
| TKL | Traka Resources | 0.006 | 0% | $4,132,647 |
| EMS | Eastern Metals | 0.096 | 0% | $3,750,184 |
| GSM | Golden State Mining | 0.049 | 0% | $5,733,696 |
| TMB | Tambourah Metals | 0.14 | 0% | $5,766,964 |
| TEM | Tempest Minerals | 0.027 | 0% | $13,628,687 |
| WCN | White Cliff Min Ltd | 0.016 | 0% | $11,961,654 |
| QXR | Qx Resources Limited | 0.056 | 0% | $49,384,290 |
| AZI | Altamin Limited | 0.095 | 0% | $37,213,091 |
| STM | Sunstone Metals Ltd | 0.036 | 0% | $94,336,071 |
| PGD | Peregrine Gold | 0.485 | 0% | $18,794,666 |
| AVW | Avira Resources Ltd | 0.003 | 0% | $6,401,370 |
| BNR | Bulletin Res Ltd | 0.115 | 0% | $33,647,977 |
| RMX | Red Mount Min Ltd | 0.005 | 0% | $8,211,819 |
| RDT | Red Dirt Metals Ltd | 0.565 | 0% | $187,991,973 |
| LSR | Lodestar Minerals | 0.005 | 0% | $8,692,187 |
| AOA | Ausmon Resorces | 0.007 | 0% | $6,001,025 |
| SRI | Sipa Resources Ltd | 0.04 | 0% | $9,079,437 |
| VMC | Venus Metals Cor Ltd | 0.15 | 0% | $26,711,802 |
| RGL | Riversgold | 0.034 | 0% | $32,145,902 |
| EPM | Eclipse Metals | 0.019 | 0% | $38,460,880 |
| EVR | Ev Resources Ltd | 0.019 | 0% | $17,650,697 |
| THR | Thor Mining PLC | 0.008 | 0% | $8,823,068 |
| CZL | Cons Zinc Ltd | 0.02 | 0% | $9,258,429 |
| MXR | Maximus Resources | 0.043 | 0% | $13,712,948 |
| MM1 | Midas Minerals | 0.175 | 0% | $9,998,059 |
| M2R | Miramar | 0.099 | 0% | $6,997,493 |
| WMC | Wiluna Mining Corp | 0.205 | 0% | $74,238,031 |
| ZEO | Zeotech Limited | 0.036 | 0% | $59,065,404 |
| ALY | Alchemy Resource Ltd | 0.027 | 0% | $31,808,059 |
| GW1 | Greenwing Resources | 0.335 | 0% | $42,278,830 |
| DAF | Discovery Alaska Ltd | 0.028 | 0% | $6,278,572 |
| FTL | Firetail Resources | 0.165 | 0% | $10,725,000 |
| DAL | Dalaroometalsltd | 0.11 | 0% | $3,286,250 |
| TUL | Tulla Resources | 0.385 | 0% | $77,228,203 |
| OCN | Oceana Lithium | 0.47 | 0% | $16,179,750 |
| CMD | Cassius Mining Ltd | 0.028 | 0% | $11,304,745 |
| EMH | European Metals | 0.73 | -1% | $87,523,273 |
| CAI | Calidus Resources | 0.345 | -1% | $153,223,597 |
| DTM | Dart Mining NL | 0.068 | -1% | $10,712,951 |
| BMM | Balkan Mining and Minerals | 0.3 | -2% | $13,118,281 |
| NWM | Norwest Minerals | 0.055 | -2% | $12,438,014 |
| CY5 | Cygnus Gold Limited | 0.495 | -2% | $82,114,582 |
| AAJ | Aruma Resources Ltd | 0.076 | -3% | $12,242,997 |
| WC8 | Wildcat Resources | 0.029 | -3% | $19,860,682 |
| G88 | Golden Mile Res Ltd | 0.027 | -4% | $5,728,513 |
| AOU | Auroch Minerals Ltd | 0.053 | -4% | $20,411,149 |
| AUN | Aurumin | 0.076 | -4% | $10,669,514 |
| ZNC | Zenith Minerals Ltd | 0.305 | -5% | $112,420,665 |
| AX8 | Accelerate Resources | 0.03 | -5% | $9,797,374 |
| KZR | Kalamazoo Resources | 0.2 | -5% | $31,252,069 |
| MTM | Mt Monger Resources | 0.1 | -5% | $3,938,553 |
| SHH | Shree Minerals Ltd | 0.0085 | -6% | $11,146,382 |
| FRS | Forrestania Resources | 0.165 | -6% | $8,823,469 |
| A8G | Australasian Metals | 0.235 | -6% | $10,292,624 |
| IMI | Infinitymining | 0.31 | -6% | $20,829,188 |
| XTC | Xantippe Res Ltd | 0.0065 | -7% | $57,016,609 |
| LLI | Loyal Lithium Ltd | 0.49 | -8% | $24,772,200 |
| FG1 | Flynngold | 0.12 | -8% | $8,327,937 |
| ADV | Ardiden Ltd | 0.009 | -10% | $26,683,354 |
| IPT | Impact Minerals | 0.009 | -10% | $24,813,706 |
| EFE | Eastern Resources | 0.032 | -11% | $40,943,612 |
Lithium outperformed today with 67 companies – or half of our watchlist – putting on weight while just 25 companies were in the red.
Who’s got news out?
Shares in the company soared today after it reported that soil sampling had identified five extensive, strong lithium geochemical anomalies at its Central Pilbara gold-lithium project in Western Australia.
While none of these areas have been previously explored, they have each been defined by lithium values in excess of 150 parts per million and supported by all of the key multi-elements, including caesium, tantalum, tin and rubidium.
New Age has initiated a helicopter supported reconnaissance program to assess the priority areas in more detail.
Pure Resources has picked up a 160km2 exploration area that is prospective for lithium about 65km northeast of Patriot Battery Metals’ Corvette discovery in Quebec’s Superior Province.
The new claims cover part of the 70 km long Laforge Greenstone Belt that has structural and lithological analogies to the nearby La Grande Greenstone Belt, which hosts Corvette.
It intends to carry out aerial reconnaissance mapping and sampling in the company weeks.
Voltaic Strategic Resources (ASX:VSR)
The company has identified lookalikes of the third-party Yinnietharra/Malinda lithium discovery using hyperspectral remote sensing (HRS) survey at its Ti Tree project.
Several perceived outcropping pegmatite swarms have been identified from LANSAT satellite imagery within the anomalous HRS target zone.
Voltaic now plans to carry out shallow auger drilling to test the priority targets.
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