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We Need $3T Spent on the Lithium Battery Supply Chain by 2040

We need to spend up to $3 trillion by 2040 to build solid lithium supply chain: Benchmark Ragusa Minerals picks … Read More
The post Eye on Lithium:…

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  • We need to spend up to $3 trillion by 2040 to build solid lithium supply chain: Benchmark
  • Ragusa Minerals picks up another lithium exploration tenement in the NT
  • Lord Resources has been granted Horse Rocks lithium project near Kalgoorlie

 All your ASX lithium news for Tuesday, September 20.

 

Benchmark Boss Simon Moores loves to tweet some lithium deets, last week flagging that we need close to 400 new lithium, cobalt, nickel and graphite mines to feed a 500% increase in battery demand by 2035.

In the lead up to the Energy Disruptors conference in Calgary, Canada, Moores said today that it will cost $US1-$US3 trillion and take a generation to build a lithium-ion battery supply chain capable of supporting mass market EVs industry and energy storage systems.

Let that sink in for a sec.

 

This includes building critical minerals supply, cathodes and anodes as well as battery cells.

“Our estimates vary from $1Tr to $3Tr depending on scenarios,” Moores said. 

“At the top end – $3Tr – is for a fully sustainable world by >2050.

“We are on a demand path to needing spending $1Tr by 2040.”

 

Here’s how ASX lithium stocks were tracking today:

Code Company Price % Month % Week % Today Market Cap
KGD Kula Gold Limited 0.031 24% 55% 35% $6,186,299.37
RAS Ragusa Minerals Ltd 0.29 53% 16% 18% $31,517,796.66
ENT Enterprise Metals 0.014 40% 40% 17% $7,835,768.26
AX8 Accelerate Resources 0.043 16% 19% 16% $10,006,979.26
IPT Impact Minerals 0.008 -11% 14% 14% $17,369,593.89
VKA Viking Mines Ltd 0.009 13% 13% 13% $8,202,067.45
LRD Lordresourceslimited 0.29 47% 9% 12% $8,654,001.46
EMS Eastern Metals 0.15 3% 15% 11% $5,218,593.75
ALY Alchemy Resource Ltd 0.022 16% 5% 10% $19,061,519.10
PLL Piedmont Lithium Inc 0.95 6% 6% 8% $464,262,304.00
SRZ Stellar Resources 0.014 -18% 0% 8% $12,547,569.14
LRV Larvottoresources 0.225 -17% -4% 7% $8,721,825.00
ZNC Zenith Minerals Ltd 0.315 5% 2% 7% $101,704,872.31
MXR Maximus Resources 0.05 -9% 6% 6% $14,988,571.10
1MC Morella Corporation 0.0255 -6% -12% 6% $138,375,498.86
TYX Tyranna Res Ltd 0.051 28% -9% 6% $113,081,312.02
CY5 Cygnus Gold Limited 0.265 18% -5% 6% $36,796,328.75
MIN Mineral Resources. 71.75 18% -2% 6% $12,879,265,348.00
DAF Discovery Alaska Ltd 0.08 1% 1% 5% $17,041,837.05
IGO IGO Limited 15.02 22% 3% 5% $10,806,211,691.51
BMM Balkanminingandmin 0.355 87% 37% 5% $11,053,125.00
WCN White Cliff Min Ltd 0.024 100% 0% 4% $17,194,877.33
EPM Eclipse Metals 0.024 20% 0% 4% $46,557,907.50
LTR Liontown Resources 1.705 1% -3% 4% $3,591,171,797.25
AKE Allkem Limited 15.9 29% 2% 4% $9,781,675,039.24
MTM Mtmongerresources 0.145 -24% -3% 4% $5,251,404.62
EMH European Metals Hldg 0.875 9% 3% 4% $101,179,010.53
PGD Peregrine Gold 0.62 -25% -11% 3% $23,232,933.60
EFE Eastern Resources 0.032 3% 10% 3% $31,208,651.70
TMB Tambourahmetals 0.17 10% 13% 3% $6,796,778.67
INR Ioneer Ltd 0.685 -1% 5% 3% $1,395,259,160.54
SYA Sayona Mining Ltd 0.2725 1% -23% 3% $2,200,645,909.56
INF Infinity Lithium 0.185 28% -3% 3% $74,882,351.88
GT1 Greentechnology 0.78 12% -6% 3% $144,961,178.68
RGL Riversgold 0.04 11% 11% 3% $30,232,407.50
CRR Critical Resources 0.081 56% 62% 3% $117,553,203.88
LPI Lithium Pwr Int Ltd 0.61 4% -9% 3% $232,764,669.97
OCN Oceanalithiumlimited 0.63 -3% -7% 2% $20,617,875.00
PLS Pilbara Min Ltd 4.86 59% 6% 2% $14,177,491,853.25
DRE Dreadnought Resources Ltd 0.1175 12% -2% 2% $349,891,358.37
MLS Metals Australia 0.049 -14% -4% 2% $29,137,737.17
JRL Jindalee Resources 2.64 -3% 6% 2% $148,611,521.94
RIO Rio Tinto Limited 94.155 -4% -2% 2% $34,296,666,011.46
CAI Calidus Resources 0.565 -11% -7% 2% $242,968,846.28
KTA Krakatoa Resources 0.065 0% 5% 2% $22,061,434.69
VUL Vulcan Energy 7.93 -2% 0% 1% $1,120,882,053.82
LLL Leolithiumlimited 0.745 48% 18% 1% $725,192,830.32
AZL Arizona Lithium Ltd 0.088 -2% 1% 1% $209,663,523.81
GL1 Globallith 2.68 41% 9% 1% $420,550,378.40
WES Wesfarmers Limited 45.93 -6% -4% 1% $51,521,700,596.48
CXO Core Lithium 1.45 4% -9% 1% $2,492,875,335.86
LKE Lake Resources 1.055 -13% -16% 1% $1,452,522,525.91
CHR Charger Metals 0.545 -1% 3% 1% $17,607,258.90
LIT Lithium Australia 0.0595 -26% -2% 1% $71,958,949.39
GLN Galan Lithium Ltd 1.4 11% -2% 1% $423,352,134.59
ADV Ardiden Ltd 0.008 0% 14% 0% $21,346,682.85
AML Aeon Metals Ltd. 0.031 -6% -3% 0% $33,896,353.96
ASN Anson Resources Ltd 0.365 152% -1% 0% $376,133,055.17
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% $2,752,409,203.44
LPD Lepidico Ltd 0.028 -3% -7% 0% $182,201,354.52
QPM Queensland Pacific 0.155 3% 3% 0% $242,360,035.31
RLC Reedy Lagoon Corp. 0.015 -12% -12% 0% $8,361,403.68
TKL Traka Resources 0.007 0% 0% 0% $4,821,421.93
ARN Aldoro Resources 0.22 -19% -14% 0% $21,909,209.74
PAM Pan Asia Metals 0.435 -8% 7% 0% $32,155,305.27
FG1 Flynngold 0.1 0% -5% 0% $6,406,105.00
FRS Forrestaniaresources 0.21 45% -22% 0% $7,005,873.84
RAG Ragnar Metals Ltd 0.037 -20% -5% 0% $14,029,840.89
SHH Shree Minerals Ltd 0.009 0% 6% 0% $11,146,382.03
TEM Tempest Minerals 0.037 -10% -3% 0% $18,676,348.51
TSC Twenty Seven Co. Ltd 0.002 -5% 0% 0% $5,321,627.81
WR1 Winsome Resources 0.325 27% 3% 0% $43,912,048.05
QXR Qx Resources Limited 0.035 17% 17% 0% $30,077,681.24
SCN Scorpion Minerals 0.08 3% -2% 0% $26,546,495.36
AZI Altamin Limited 0.088 6% -2% 0% $34,471,074.18
STM Sunstone Metals Ltd 0.04 -11% -5% 0% $103,857,856.76
RMX Red Mount Min Ltd 0.006 -14% -8% 0% $9,854,183.15
A8G Australasian Metals 0.295 5% -2% 0% $12,145,295.73
MQR Marquee Resource Ltd 0.069 -17% -12% 0% $21,777,613.02
LSR Lodestar Minerals 0.0065 -7% -7% 0% $11,299,842.76
NWM Norwest Minerals 0.045 -2% -20% 0% $9,994,832.42
VMC Venus Metals Cor Ltd 0.17 0% 3% 0% $27,213,376.11
G88 Golden Mile Res Ltd 0.033 -3% -8% 0% $6,751,461.95
WC8 Wildcat Resources 0.036 24% 6% 0% $23,229,818.17
THR Thor Mining PLC 0.011 10% 0% 0% $12,090,796.58
CZL Cons Zinc Ltd 0.022 0% -4% 0% $8,521,871.89
MM1 Midasmineralsltd 0.2 -23% -5% 0% $11,426,352.80
M2R Miramar 0.105 -19% -9% 0% $6,739,599.62
XTC Xantippe Res Ltd 0.01 0% 25% 0% $81,452,298.50
WMC Wiluna Mining Corp 0.205 0% 0% 0% $74,238,030.68
DAL Dalaroometalsltd 0.13 33% 24% 0% $3,883,750.00
TKM Trek Metals Ltd 0.066 -7% -3% 0% $20,500,269.90
MNS Magnis Energy Tech 0.4575 6% -6% -1% $446,352,482.18
MRR Minrex Resources Ltd 0.0525 -6% 1% -1% $57,053,954.26
FTL Firetail Resources 0.26 2% 0% -1% $16,217,906.25
DTM Dart Mining NL 0.09 18% -22% -1% $14,063,137.73
EUR European Lithium Ltd 0.088 -2% 0% -1% $124,621,286.58
NMT Neometals Ltd 1.255 -9% -21% -1% $701,480,065.16
AOU Auroch Minerals Ltd 0.075 3% 21% -1% $28,204,496.72
BNR Bulletin Res Ltd 0.1375 -5% -11% -2% $40,962,754.00
GSM Golden State Mining 0.049 -11% -2% -2% $5,850,710.20
IMI Infinitymining 0.245 53% 20% -2% $14,375,000.00
KZR Kalamazoo Resources 0.245 4% 11% -2% $36,823,593.50
ZEO Zeotech Limited 0.049 -23% 7% -2% $78,095,773.50
ESS Essential Metals Ltd 0.48 5% -6% -2% $121,536,555.63
LRS Latin Resources Ltd 0.1125 -2% -6% -2% $224,825,970.37
AS2 Askarimetalslimited 0.355 -7% -11% -3% $16,450,283.55
MMC Mitremining 0.175 52% 0% -3% $4,875,318.00
RDT Red Dirt Metals Ltd 0.645 26% -8% -3% $202,528,693.29
EVR Ev Resources Ltd 0.029 -9% -3% -3% $27,779,522.13
BYH Bryah Resources Ltd 0.028 0% -3% -3% $8,098,350.75
LEL Lithenergy 1.075 4% -10% -4% $50,342,250.00
NVA Nova Minerals Ltd 0.8 -6% -9% -4% $152,438,858.25
SRI Sipa Resources Ltd 0.05 11% 11% -4% $10,661,289.76
TUL Tulla Resources 0.465 -11% -9% -4% $77,705,182.92
TON Triton Min Ltd 0.023 -18% -26% -4% $33,186,820.25
PSC Prospect Res Ltd 0.088 -12% -10% -4% $42,527,870.50
AGY Argosy Minerals Ltd 0.53 39% 8% -5% $759,435,611.42
AAJ Aruma Resources Ltd 0.063 -13% -7% -5% $10,359,459.20
AUN Aurumin 0.1 -31% -9% -5% $13,157,249.49
LIS Lisenergylimited 0.58 -11% -3% -5% $101,207,654.07
AM7 Arcadia Minerals 0.275 41% 6% -5% $13,542,388.68
WML Woomera Mining Ltd 0.017 13% 6% -6% $12,362,995.19
MMG Monger Gold Ltd 0.51 19% 5% -6% $21,621,600.00
AOA Ausmon Resorces 0.008 14% 0% -6% $7,286,959.42
PNN Power Minerals Ltd 0.58 14% -11% -8% $38,795,468.67
GW1 Greenwing Resources 0.285 8% 4% -8% $38,206,678.19
LNR Lanthanein Resources 0.0485 21% -13% -8% $51,029,755.21
IR1 Irismetals 2 158% 12% -11% $136,348,800.00
AVW Avira Resources Ltd 0.004 0% 0% -11% $9,534,555.00
KAI Kairos Minerals Ltd 0.039 34% 18% -13% $88,384,207.10

 

A total of 55 stocks were in the green, 37 were flat and 39 were red.

 

Who has news out today? 

RAGUSA MINERALS (ASX:RAS)

RAS has nabbed another lithium exploration tenement in the NT.

The wider NT ‘Supergroup’ lithium project area is within the Litchfield Pegmatite Belt – host to Core Lithium’s (ASX:CXO) neighbouring Finnis Project, Lithium Plus (ASX:LPM), Charger Metals (ASX:CHR) and others.

Two more tenement applications are currently being processed by the NT Mineral Titles office.

“This is another very positive milestone that puts Ragusa in a strong position to rapidly accelerate the development of our project within a proven high-quality lithium district,” RAS chair Jerko Zuvela says.

“We have a significant opportunity to utilise our exploration and development experience to rapidly progress our NT Lithium Project and realise the massive upside value potential in a Tier 1 jurisdiction close to major infrastructure at a time of record lithium prices.”

In August, initial desktop review works indicated there was high-grade lithium-gold across the site with rock chip samples returning 5.46% Li20, 2.27g/t gold, and 4.59g/t gold.

 

LORD RESOURCES (ASX:LRD)

The company has been granted the Horse Rocks lithium project near Kalgoorlie, with “high impact exploration imminent”.

The project is around 8km west of Mineral Resources’ (ASX:MIN) Mt Marion Lithium Mine, and while historical drilling has identified elevated nickel and gold anomalism in surface sampling, the company says the lack of any exploration for lithium provides an untested conceptual opportunity.

The field crew is expected to mobilise within the week, to begin exploration, following the 5 days’ notice period required by the Department of Biodiversity, Conservation and Attractions (DBCA). 

 

ODESSA MINERALS (ASX:ODE)

ODE has picked up the Lyndon tenement, a 148 km2 granted Exploration Licence (E08/3217) from Historic Gold Mines Pty Ltd (HGM) in the Gascoyne region of WA.

The expanded Lydon project area holds considerable potential for the discovery of lithium pegmatites, along with rare earth element carbonatites and nickel-copper sulphide mineralisation, the company says. 

 

MORELLA (ASX:1MC)

The company has wrapped up its first on-ground works at the North Big Smoky Lithium Project in Nevada, USA, with the conclusion of a detailed soils program. 

Assay results are expected in one to two months, and in the meantime a magentotelluric (MT) survey is planned to identify sub-surface areas of mineral concentration. 

The survey should be completed by the end Q4 2022. 

 

RAS, LRD, ODE and 1MC share prices today:


 

 

TAMBOURAH METALS (ASX:TMB)

TMB has identified extensive pegmatite swarms in the Geological Survey of WA (GSWA) WAROX data base at the Russian Jack project, which executive chairperson Rita Brooks said “significantly increases the prospectivity of Russian Jack.”

The company is awaiting the delivery of a hyperspectral study being completed by a specialist remote sensing consultant over the project Jack tenure, with detailed rock chip sampling and mapping will follow up on the WAROX results. 

 

ST GEORGE MINING (ASX:SGQ)

Initial rock chip sampling of pegmatite outcrop at the company’s Mt Alexander project in WA has confirmed a geochemistry indicative of lithium, caesium and tantalum (LCT) fertile pegmatites.

Lithium bearing pegmatites have now been identified over a zone 400m x 1700m and more pegmatites have been sampled across a 15km zone in the same corridor as Red Dirt’s (ASX:RDT) Mt Ida lithium province.

The company says, based on visual observation, several samples appear to include lithium minerals in the form of spodumene and lepidolite – with assays expected next week.

 

ACCELERATE RESOURCES (ASX:AX8)

AX8 has flagged new pegmatite targets at its East Pilbara project and is planning a ground based sampling program to target potential lithium, tin, and tantalite mineralisation within pegmatites across the 369 km2 project area in November.

Targets for drill testing will be finalised once results of the field campaign are assessed. The maiden drill program for the lithium targets is scheduled to commence in the first half of 2023. 

 

ZENITH MINERALS (ASX:ZNC)

Drilling at the company’s Split Rocks project has identified widespread, thick lithium pegmatites, including 7m at 1.3% Li2O within a broader interval of 56m at 0.3% Li2O to end of hole.

“The plan is to now accelerate drilling at Rio with a clear runway of greater than 160 permitted holes ahead of us,” MD Michael Clifford said.

“The RC rig will focus on 400m spaced step-out sections, working our way south, whilst a diamond drill rig explores the eastern and depth extents of the system.” 

 

 

 

TMB, SGQ, AX8 and ZNC share prices today:


 

 

At Stockhead we tell it like it is. While St George Minerals is a Stockhead advertiser, it did not sponsor this article.

 

The post Eye on Lithium: We need to spend up to $US3 trillion on the lithium battery supply chain by 2040 appeared first on Stockhead.






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