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High Voltage: WA gov looks downstream in battery minerals strategy; Piedmont Lithium up on sales profits

WA’s government is re-energising its battery and critical minerals strategy, looking for feedback. Piedmont Lithium hits Q3 production profit. … Read…

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  • Western Australia’s government is re-energising its battery and critical minerals strategy and looking for feedback
  • Piedmont Lithium has turned in inaugural revenue and profit on lithium shipments
  • What’s hot, what’s not on the ASX for battery metals players?

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

 

Western Australia is updating its official Battery and Critical Mineral Strategy for 2024-2030 and has released a consultation paper seeking feedback from “stakeholders” – the mining and minerals exploration industry – to help inform the way forward.

These are critical years indeed for the burgeoning battery/critical minerals sector, with the global uptake of electric vehicles (EVs) anticipated to boom – despite slowing demand in the short term.

The state government’s purpose is to, of course, further grow WA’s battery and critical minerals industries, attract investors and maximise value from the sector. And it has a fair idea of how it wants to go about this – but preferably with some solid input from WA’s mining industry experts.

That said, the exploration side of the industry in WA has been doing a pretty good job of attracting investors far and wide on its own already this year.

In the paper, WA Energy Minister Bill Johnston notes: “Western Australia is a globally significant battery and critical minerals processing hub and it is important we do all we can to further capitalise on this incredible opportunity.

“A diversified battery industry is forecast to contribute nearly $17 billion in gross value added and over 61,000 jobs to the national economy by 2030. This is more than twice the value first estimated in 2021.

“Hearing from the industry is critical to ensuring we have the right strategy in place to continue to grow into the future.”

 

Midstream and downstream re-focus

Some of the state gov’s renewed thinking includes placing greater than previous emphasis on the midstream and downstream elements of the battery metals industry in resources-rich WA.

And, for the downstream element at least, this means potentially increasing the level of output when it comes to the processing stage of minerals, such as lithium and nickel, required for batteries.

“Domestic value-adding and manufacturing” is part of the newly energised strat. And “converting exploration activity into producing mines will be integral to WA’s ability to continue moving down the value chain,” reads the paper.

“WA has a long history of upstream activities, such as exploration and mining, with established midstream industries, including lithium hydroxide refining. These successes are creating opportunities to further develop WA’s fledgling downstream industries.”

Upstream and midstream is where most of the action lies in WA, but as AUManufacturing notes, the state has “achieved some success in supporting further minerals processing including of nickel and lithium used in batteries, especially around the Kwinana industrial area south of Perth.”

Per Australia’s broader Critical Minerals Strategy released in June:

“Despite Australia’s credentials, the country has only two operating downstream lithium processing plants:

“Tianqi and IGO’s Kwinana plant in Western Australia, which produced Australia’s first lithium hydroxide in May 2022 with a current production capacity of 24,000 tonnes per annum (tpa); and Albemarle and Mineral Resources’ Kemerton plant, which achieved first production in mid-2022 and which has a current production capacity of 50,000 tpa of lithium hydroxide.

“Comparatively, based on data from Benchmark Mineral Intelligence, China controls around 60% of the world’s lithium processing capacity, and up to 80% of global production of battery grade raw materials – despite hosting only 23% of all battery raw materials.”

 

PLL is producing and profiting

Piedmont Lithium (ASX:PLL) has released its Q3 2023 results, and they’re turning battery metal heads.

The company has hit a significant milestone, becoming a revenue-generating force after overseeing its initial customer shipments under an agreement with North American Lithium (NAL).

According to PLL ASX reporting, in the quarter, the company recorded:

• Revenue of US$47.1 million on sales of 29,011 dry metric tons (dmt) of lithium concentrate.
• Gross profit of US$23.8 million, reflecting a gross profit margin of 50.4%.
• Net income of US$22.9 million and adjusted net income of US$16.9 million.
• Diluted earnings per share of US$1.19 and adjusted diluted earnings per share of US$0.88.
• Adjusted EBITDA of US$16.2 million, reflecting an adjusted EBITDA margin of 34.3%.
• Cash and cash equivalents of US$94.5 million at September 30, 2023.

And it’s reportedly on track to deliver full-year shipment guidance of approximately 56,500 dmt of lithium concentrate.

 

PLL boss Keith Phillips made note of the performance in the face of slumping lithium spot prices, however:

“While we are pleased with Piedmont’s operational and financial performances, our results were materially impacted by the 45% decline in spot lithium prices during the quarter. Virtually all of our offtake tonnage will eventually be sold under longterm contracts announced earlier this year, but initial shipments are being made on the spot market.

“The benchmark spodumene concentrate price fell from more than US$3,500/dmt at the start of the quarter to approximately US$1,900/dmt today, directly impacting our quarterly results as our spot shipments are settled at the spot price around the time of customer receipt.”

With that caveat in mind, along with slowing EV demand recently, here’s Phillips talking with CNBC’s The Exchange about how he’s bullish on lithium, calling it “an unstoppable trend”, and describing the “whole lithium thematic” as being in “the third inning of a nine-inning game”.

In other words, it’s still early-ish days…

Also, we’d like to think lithium’s overall win probability is a bit better than the Aussie ODI team’s about a third of a way into its innings against Afghanistan the other night…

Quick, someone make an EV called the “Maxi”.

 

And as for graphite… 

It seems the rush is on globally to buy more of the commodity from China for the moment, before the superpower brings into place its graphite export restrictions in December.

 

Battery metals form guide

Here’s a snapshot of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese, and vanadium are performing lately>>>

Battery metals stocks missing from our list? Shoot a mail to reuben@stockhead.com.au or rob.badman@stockhead.com.au

Code Company Price % Week % Month % Year % YTD Market Cap
PVW PVW Res Ltd 0.057 0% -19% -56% -4% $5,780,072
A8G Australasian Metals 0.2 0% -13% -13% 1% $8,860,484
INF Infinity Lithium 0.082 -2% -8% -62% -4% $39,320,328
LPI Lithium Pwr Int Ltd 0.525 0% 59% -9% 9% $336,876,329
PSC Prospect Res Ltd 0.09 1% 17% -9% -3% $42,065,611
PAM Pan Asia Metals 0.16 7% -24% -58% -25% $24,218,108
CXO Core Lithium 0.38 6% 9% -74% -65% $779,981,474
LOT Lotus Resources Ltd 0.25 9% 6% 11% 5% $421,628,404
AGY Argosy Minerals Ltd 0.165 3% -3% -71% -41% $238,749,275
AZS Azure Minerals 3.92 12% 63% 1144% 370% $1,773,378,618
NWC New World Resources 0.031 19% 7% -9% 0% $58,805,293
QXR Qx Resources Limited 0.033 38% 43% -55% -1% $28,748,924
GSR Greenstone Resources 0.007 -13% -22% -73% -3% $9,557,914
CAE Cannindah Resources 0.09 1% -10% -66% -15% $54,917,596
AZL Arizona Lithium Ltd 0.0315 97% 110% -61% -3% $76,332,079
HNR Hannans Ltd 0.007 0% -13% -67% -1% $19,115,984
COB Cobalt Blue Ltd 0.26 13% 2% -57% -33% $95,722,433
ESS Essential Metals Ltd 0.5 0% 4% 1% 18% $135,278,382
LPD Lepidico Ltd 0.01 11% -9% -41% -1% $68,744,772
MRD Mount Ridley Mines 0.002 0% 0% -60% 0% $15,569,766
CZN Corazon Ltd 0.015 -17% 50% 0% -1% $8,618,371
LKE Lake Resources 0.175 9% 6% -85% -63% $256,040,047
DEV Devex Resources Ltd 0.28 0% -19% 5% 0% $103,048,537
INR Ioneer Ltd 0.165 18% -13% -72% -22% $358,874,475
AVZ AVZ Minerals Ltd 0.78 0% 0% 0% 0% $2,752,409,203
MAN Mandrake Res Ltd 0.035 0% -17% -15% -1% $21,555,357
RLC Reedy Lagoon Corp. 0.005 25% -29% -48% 0% $2,466,734
GBR Greatbould Resources 0.063 -2% 11% -30% -3% $33,508,974
FRS Forrestaniaresources 0.03 -9% -23% -84% -11% $3,682,858
STK Strickland Metals 0.165 57% 117% 275% 13% $257,159,376
MLX Metals X Limited 0.285 2% 4% 12% -10% $258,570,829
CLA Celsius Resource Ltd 0.011 -8% 0% 10% -1% $22,460,517
FGR First Graphene Ltd 0.079 1% -12% -41% -3% $47,028,917
HXG Hexagon Energy 0.009 29% 0% -40% -1% $4,616,243
TLG Talga Group Ltd 1.05 3% -10% -25% -35% $371,576,797
MNS Magnis Energy Tech 0.081 35% 9% -79% -29% $97,159,350
OZL OZ Minerals 0 -100% -100% -100% -2617% $8,918,404,433
PLL Piedmont Lithium Inc 0.44 0% -20% -53% -21% $158,083,824
EUR European Lithium Ltd 0.08 23% 10% -24% 1% $112,933,373
BKT Black Rock Mining 0.115 0% 35% -34% -2% $126,191,759
QEM QEM Limited 0.2 3% 3% 8% 2% $31,792,260
LYC Lynas Rare Earths 7.02 0% 9% -21% -83% $6,574,060,958
ESR Estrella Res Ltd 0.006 0% -14% -40% -1% $10,554,431
ARL Ardea Resources Ltd 0.55 5% -8% -35% -16% $105,117,434
GLN Galan Lithium Ltd 0.59 -6% 1% -66% -48% $211,933,368
JRL Jindalee Resources 1.12 -12% -33% -53% -77% $72,981,292
VUL Vulcan Energy 2.47 19% -5% -67% -386% $435,988,430
SBR Sabre Resources 0.038 -7% 9% -5% 0% $10,784,989
CHN Chalice Mining Ltd 1.84 3% -14% -57% -446% $702,078,764
VRC Volt Resources Ltd 0.006 -14% -25% -68% -1% $28,507,967
NMT Neometals Ltd 0.245 14% -22% -77% -56% $130,027,365
AXN Alliance Nickel Ltd 0.057 -5% 4% -28% -3% $43,550,377
PNN Power Minerals Ltd 0.24 -8% -4% -56% -29% $21,541,545
IGO IGO Limited 9.36 -2% -15% -39% -410% $7,262,198,327
GED Golden Deeps 0.05 -2% -6% -55% -4% $5,776,117
ADV Ardiden Ltd 0.005 0% -9% -23% 0% $13,441,677
SRI Sipa Resources Ltd 0.021 0% 11% -57% -1% $4,791,321
NTU Northern Min Ltd 0.033 3% 22% -21% -1% $189,151,336
AXE Archer Materials 0.41 -7% -15% -39% -21% $104,487,275
PGM Platina Resources 0.025 -11% 0% 19% 1% $16,825,869
AAJ Aruma Resources Ltd 0.034 0% 0% -54% -2% $6,300,528
IXR Ionic Rare Earths 0.0205 -2% -18% -52% -1% $79,122,098
NIC Nickel Industries 0.81 9% 14% 0% -16% $3,514,364,102
EVG Evion Group NL 0.038 -5% 12% -60% -3% $13,146,449
CWX Carawine Resources 0.105 -11% -18% 24% 1% $20,665,834
PLS Pilbara Min Ltd 3.69 1% -6% -29% -6% $11,014,633,336
HAS Hastings Tech Met 0.795 0% 15% -79% -273% $108,667,988
BUX Buxton Resources Ltd 0.2175 6% 14% 118% 10% $37,681,285
ARR American Rare Earths 0.14 8% 12% -32% -5% $62,499,262
SGQ St George Min Ltd 0.045 0% 22% -40% -2% $38,095,874
TKL Traka Resources 0.005 0% 0% -17% 0% $4,376,646
PAN Panoramic Resources 0.035 0% -8% -79% -14% $97,998,678
PRL Province Resources 0.041 0% 0% -48% -2% $48,441,219
IPT Impact Minerals 0.011 16% -8% 83% 0% $31,511,743
LIT Lithium Australia 0.032 0% 0% -37% -1% $40,332,325
AKE Allkem Limited 9.28 -3% -13% -38% -196% $5,900,935,534
ARN Aldoro Resources 0.086 -4% -4% -76% -7% $11,577,642
JRV Jervois Global Ltd 0.037 19% 16% -92% -23% $97,290,745
MCR Mincor Resources NL 0 -100% -100% -100% -151% $751,215,521
SYR Syrah Resources 0.805 21% 81% -68% -126% $517,061,763
FBM Future Battery 0.085 -6% -26% 63% 3% $47,931,163
ADD Adavale Resource Ltd 0.008 -11% -30% -72% -1% $5,842,954
LTR Liontown Resources 1.57 -2% -47% -18% 25% $3,802,125,920
CTM Centaurus Metals Ltd 0.53 13% -4% -44% -59% $251,387,354
VML Vital Metals Limited 0.01 0% 0% -67% -1% $53,061,498
BSX Blackstone Ltd 0.092 -12% -23% -43% -4% $43,105,691
POS Poseidon Nick Ltd 0.017 6% -6% -63% -2% $63,039,020
CHR Charger Metals 0.3 71% 131% -48% -15% $17,702,595
AVL Aust Vanadium Ltd 0.024 -8% -11% -23% 0% $119,246,563
AUZ Australian Mines Ltd 0.013 0% 0% -80% -4% $9,615,904
TMT Technology Metals 0.225 -2% -13% -36% -13% $57,214,346
RXL Rox Resources 0.215 -12% -4% 13% 4% $80,107,133
RNU Renascor Res Ltd 0.1675 16% 46% -29% -5% $457,093,350
GL1 Global Lithium Resources 1.235 4% 0% -47% -61% $322,323,367
BRB Breaker Res NL 0 -100% -100% -100% -32% $158,126,031
ASN Anson Resources Ltd 0.165 0% 14% -44% -2% $212,146,963
SYA Sayona Mining Ltd 0.087 16% -1% -64% -10% $823,463,681
FFX Firefinch Ltd 0.2 0% 0% 0% 0% $236,569,315
EGR Ecograf Limited 0.195 -15% 56% -37% -3% $88,255,416
ATM Aneka Tambang 1.185 0% 0% 19% 29% $1,544,824
TVN Tivan Limited 0.079 10% 10% -7% 1% $133,516,195
ALY Alchemy Resource Ltd 0.011 10% 10% -74% -1% $12,958,839
GAL Galileo Mining Ltd 0.285 -10% -20% -75% -60% $57,311,229
BHP BHP Group Limited 44.5 0% 1% 10% -113% $230,931,784,696
LEL Lithenergy 0.65 -8% 23% -38% -12% $66,956,500
MMC Mitremining 0.21 -7% -21% 17% -7% $9,523,521
RMX Red Mount Min Ltd 0.004 0% -20% -20% 0% $10,694,304
GW1 Greenwing Resources 0.135 -4% 0% -58% -14% $23,523,950
AQD Ausquest Limited 0.01 -17% -29% -41% -1% $9,076,641
LML Lincoln Minerals 0.007 -13% 0% 2% 0% $11,623,583
1MC Morella Corporation 0.006 20% 0% -68% -1% $30,817,964
REE Rarex Limited 0.03 0% -3% -43% -2% $19,818,211
MRC Mineral Commodities 0.033 0% 12% -50% -3% $28,390,105
PUR Pursuit Minerals 0.01 -9% 11% 0% -1% $26,495,743
QPM Queensland Pacific 0.059 4% -12% -65% -5% $114,712,661
EMH European Metals Hldg 0.62 1% -3% -22% -2% $76,866,490
BMM Balkan Mining and Minerals 0.12 -8% -33% -57% -21% $8,256,861
PEK Peak Rare Earths Ltd 0.39 -5% -6% -8% -6% $100,563,757
LEG Legend Mining 0.022 0% -15% -41% -2% $60,994,021
MOH Moho Resources 0.006 0% 0% -73% -2% $2,380,311
AML Aeon Metals Ltd 0.01 -17% -33% -60% -2% $12,060,407
G88 Golden Mile Res Ltd 0.024 33% 9% 13% 0% $7,575,959
WKT Walkabout Resources 0.1625 35% 48% -6% 2% $103,347,032
TON Triton Min Ltd 0.026 0% 30% -4% -1% $45,279,429
AR3 Austrare 0.2 8% -11% -38% -20% $30,833,192
ARU Arafura Rare Earths 0.2125 15% -11% -38% -25% $422,672,938
MIN Mineral Resources 59.15 2% -3% -22% -1805% $11,722,896,866
VMC Venus Metals Cor Ltd 0.105 0% -19% 17% 3% $20,870,155
S2R S2 Resources 0.175 -10% -8% 25% 1% $75,866,932
CNJ Conico Ltd 0.005 0% 0% -55% 0% $7,850,475
VR8 Vanadium Resources 0.049 7% 0% -25% -1% $24,217,928
PVT Pivotal Metals Ltd 0.02 5% -13% -56% -2% $10,957,366
BOA Boadicea Resources 0.039 0% 3% -59% -6% $4,800,522
IPX Iperionx Limited 1.57 26% 21% 109% 88% $321,854,253
SLZ Sultan Resources Ltd 0.016 -6% -11% -84% -7% $2,371,041
NKL Nickelxltd 0.064 8% 2% -53% -2% $4,917,649
NVA Nova Minerals Ltd 0.26 0% 6% -67% -42% $56,940,289
MLS Metals Australia 0.035 -8% 6% -10% -1% $22,465,303
MQR Marquee Resource Ltd 0.025 0% -7% -56% -1% $11,161,378
MRR Minrex Resources Ltd 0.014 0% -7% -67% -2% $16,273,013
EVR Ev Resources Ltd 0.011 0% -15% -52% 0% $9,447,798
EFE Eastern Resources 0.009 13% 0% -76% -2% $9,935,572
CNB Carnaby Resource Ltd 0.73 15% -19% -18% -21% $123,763,216
BNR Bulletin Res Ltd 0.175 9% 77% 30% 8% $51,378,443
AX8 Accelerate Resources 0.04 8% 54% 33% 2% $19,352,090
AM7 Arcadia Minerals 0.08 -6% -24% -69% -13% $6,979,206
AS2 Askari Metals 0.14 -13% -24% -65% -30% $12,672,035
BYH Bryah Resources Ltd 0.012 -8% -8% -47% -1% $4,303,263
DTM Dart Mining NL 0.018 -5% -17% -73% -4% $3,489,220
EMS Eastern Metals 0.03 -6% -3% -77% -4% $2,472,787
FG1 Flynngold 0.067 14% 22% -39% -3% $9,137,633
GSM Golden State Mining 0.025 39% -36% -38% -2% $3,057,412
IMI Infinity Mining 0.11 -8% -15% -51% -17% $8,564,569
LRV Larvotto Resources 0.125 -22% 0% -29% -4% $9,415,661
LSR Lodestar Minerals 0.004 -20% -33% -20% 0% $10,116,987
RAG Ragnar Metals Ltd 0.025 14% 4% 54% 1% $12,323,505
CTN Catalina Resources 0.0035 -13% -13% -50% -1% $4,953,948
TMB Tambourahmetals 0.155 24% -3% 15% 5% $13,270,456
TEM Tempest Minerals 0.008 14% -11% -71% -2% $3,835,376
EMC Everest Metals Corp 0.088 -10% -30% -12% 1% $11,595,630
WML Woomera Mining Ltd 0.018 100% 80% 33% 0% $11,474,335
KZR Kalamazoo Resources 0.11 22% 10% -45% -10% $19,707,489
LMG Latrobe Magnesium 0.046 -2% 7% -42% -3% $83,913,045
KOR Korab Resources 0.016 -6% -16% -43% -1% $5,505,750
CMX Chemx Materials 0.08 18% -11% -50% -11% $4,152,139
NC1 Nico Resources 0.325 5% -14% -36% -29% $34,080,184
GRE GreenTech Metals 0.85 118% 154% 486% 71% $36,370,488
CMO Cosmo Metals 0.05 0% -6% -66% -9% $1,734,833
FRB Firebird Metals 0.155 7% 11% -24% 0% $13,832,250
S32 South32 Limited 3.11 -6% -8% -21% -89% $14,720,090,346
OMH OM Holdings Limited 0.45 -5% -4% -39% -25% $339,766,735
JMS Jupiter Mines 0.1875 -1% -4% 1% -3% $372,208,296
E25 Element 25 Ltd 0.385 1% 5% -69% -50% $83,749,179
EMN Euro Manganese 0.1 -13% -23% -65% -26% $24,581,548
KGD Kula Gold Limited 0.013 -7% -7% -66% -1% $5,598,179
LRS Latin Resources Ltd 0.26 6% 0% 126% 16% $762,439,205
CRR Critical Resources 0.027 0% -25% -50% -2% $46,224,107
ENT Enterprise Metals 0.003 -25% -25% -67% -1% $2,398,413
SCN Scorpion Minerals 0.051 0% -23% -27% -2% $17,682,016
GCM Green Critical Min 0.008 -11% 33% -50% -1% $7,956,095
ENV Enova Mining Limited 0.006 0% -25% -50% -1% $3,845,576
RBX Resource B 0.13 13% -7% 48% 5% $10,748,983
AKN Auking Mining Ltd 0.04 5% -33% -62% -6% $8,164,148
RR1 Reach Resources Ltd 0.012 0% 0% 140% 1% $38,523,565
EMT Emetals Limited 0.007 0% 0% -61% 0% $5,950,000
PNT Panther Metals 0.07 -5% -11% -63% -12% $4,463,950
WIN Widgie Nickel 0.17 -8% -26% -49% -16% $50,650,659
WMG Western Mines 0.275 -5% -2% 129% 12% $19,011,366
AVW Avira Resources Ltd 0.002 0% 0% -43% 0% $4,267,580
CAI Calidus Resources 0.19 -3% 41% -53% -8% $109,842,661
GT1 Green Technology 0.38 -8% -10% -62% -45% $87,320,784
KAI Kairos Minerals Ltd 0.0175 9% -13% -40% 0% $44,555,507
MTM MTM Critical Metals 0.023 5% -32% -77% -6% $2,284,753
NWM Norwest Minerals 0.032 5% 19% -38% -2% $8,770,870
PGD Peregrine Gold 0.31 15% 7% -30% -8% $16,602,080
RAS Ragusa Minerals Ltd 0.043 13% 19% -80% -7% $6,131,748
RGL Riversgold 0.009 -5% -25% -80% -2% $8,561,353
SRZ Stellar Resources 0.009 6% -25% -31% 0% $10,981,865
STM Sunstone Metals Ltd 0.017 -6% 13% -45% -2% $55,475,728
ZNC Zenith Minerals Ltd 0.125 40% -4% -56% -14% $42,285,706
WC8 Wildcat Resources 0.855 21% 109% 2703% 83% $921,151,812
ASO Aston Minerals Ltd 0.035 17% -5% -51% -5% $46,622,314
THR Thor Energy PLC 0.025 -7% -19% -72% -4% $5,221,784
YAR Yari Minerals Ltd 0.015 -12% -12% -35% 0% $8,200,083
IG6 International Graphite 0.175 3% 0% -44% -10% $16,017,860
LPM Lithium Plus 0.53 10% 6% -22% 16% $34,313,864
ODE Odessa Minerals Ltd 0.01 25% -9% -38% -1% $8,524,006
KOB Koba Resources 0.084 20% 5% -55% -6% $7,062,917
AZI Altamin Limited 0.061 3% -12% -31% -2% $25,461,589
FTL Firetail Resources 0.099 -10% 4% -38% -6% $15,635,083
CLZ Classic Min Ltd 0.001 0% 0% -92% -1% $12,357,082
NVX Novonix Limited 0.7575 12% 9% -71% -71% $371,343,747
OCN Oceana Lithium Limited 0.125 -14% -26% -74% -22% $5,573,033
SUM Summit Minerals 0.1 12% -5% -46% -5% $4,479,770
DVP Develop Global Ltd 3.04 -10% -5% 15% -14% $769,338,965
XTC Xantippe Res Ltd 0.001 0% 0% -76% 0% $17,528,005
OD6 Od6 Metals ltd 0.18 20% 13% -28% -16% $9,902,789
HRE Heavy Rare Earths 0.085 -6% 10% -50% -3% $4,839,034
LIN Lindian Resources 0.18 13% -10% -5% 3% $207,346,002
PEK Peak Rare Earths Ltd 0.39 -5% -6% -8% -6% $100,563,757
ILU Iluka Resources 7.3 1% -1% -20% -223% $3,144,118,389
ASM Ausstrat Materials 1.605 14% 19% -9% 17% $275,179,139
ETM Energy Transition 0.033 -3% -8% -30% -3% $44,739,552
VMS Venture Minerals 0.01 11% -9% -50% -1% $19,500,130
IDA Indiana Resources 0.055 12% -8% 4% 0% $34,296,475
VTM Victory Metals Ltd 0.28 12% 56% 60% 6% $21,842,907
M2R Miramar 0.022 -4% -52% -77% -5% $2,828,521
WCN White Cliff Min Ltd 0.012 20% 0% -37% 0% $12,570,186
TAR Taruga Minerals 0.01 0% 0% -70% -1% $7,060,268
ABX ABX Group Limited 0.071 4% -4% -53% -4% $16,479,175
MEK Meeka Metals Limited 0.035 -13% -5% -41% -3% $45,066,439
RR1 Reach Resources Ltd 0.012 0% 0% 140% 1% $38,523,565
DRE Dreadnought Resources Ltd 0.033 3% -25% -67% -7% $114,079,195
KFM Kingfisher Mining 0.135 -10% -23% -77% -34% $7,520,100
AOA Ausmon Resorces 0.0035 17% 17% -42% 0% $3,020,998
WC1 West Cobar Metals 0.061 -13% -24% -64% -11% $5,633,753
GRL Godolphin Resources 0.035 -3% -5% -61% -5% $6,092,713
DM1 Desert Metals 0.038 -3% -10% -88% -16% $2,756,561
PTR Petratherm Ltd 0.046 0% -25% -16% -1% $10,338,552
ITM Itech Minerals Ltd 0.145 21% 21% -54% -12% $17,716,616
KTA Krakatoa Resources 0.026 8% 30% -57% -2% $12,612,040
M24 Mamba Exploration 0.029 -6% -36% -75% -12% $1,768,517
LNR Lanthanein Resources 0.008 14% 0% -76% -1% $8,972,605
TKM Trek Metals Ltd 0.05 0% 61% -43% -3% $23,389,084
BCA Black Canyon Limited 0.14 -7% 8% -39% -10% $9,899,156
CDT Castle Minerals 0.011 10% 22% -50% -1% $14,516,916
DLI Delta Lithium 0.565 -3% -14% -5% 9% $312,252,304
A11 Atlantic Lithium 0.4 7% -2% -59% -22% $254,080,289
KNI Kunikolimited 0.28 17% -3% -56% -23% $25,771,880
CY5 Cygnus Metals Ltd 0.1675 -12% 8% -70% -21% $49,307,249
WR1 Winsome Resources 1.37 4% 0% 38% 14% $235,313,433
LLI Loyal Lithium Ltd 0.43 4% -21% -39% 14% $36,639,503
BC8 Black Cat Syndicate 0.205 -5% 8% -32% -15% $62,271,895
BUR Burley Minerals 0.215 2% 48% 8% -1% $22,285,286
PBL Parabellum Resources 0.345 0% 0% -37% 1% $18,879,263
L1M Lightning Minerals 0.13 4% 8% 0% -4% $4,887,008
WA1 Wa1 Resources 11 30% 140% 525% 961% $400,157,427
EV1 Evolution Energy 0.14 -13% -15% -41% -9% $25,427,598
1AE Aurora Energy Metals 0.098 4% -27% -54% -5% $15,124,658
RVT Richmond Vanadium 0.36 -5% -8% 0% 13% $32,758,966
PMT Patriot Battery Metals 1.09 -5% 7% 0% 34% $436,225,893
PAT Patriot Lithium 0.21 0% 17% 0% -6% $13,416,375
BM8 Battery Age Minerals 0.2 -5% -17% -60% -30% $17,827,378
OM1 Omnia Metals Group 0.078 0% -1% -46% -8% $3,786,192
VHM VHM limited 0.4775 -1% -5% 0% 0% $71,570,998
LLL Leo Lithium Limited 0.505 0% 0% -23% 2% $498,553,663
SRN Surefire Rescs NL 0.0105 -34% -25% -13% 0% $18,204,284
SRL Sunrise 0.695 -4% -4% -64% -123% $63,159,249
SYR Syrah Resources 0.805 21% 81% -68% -126% $517,061,763
EG1 Evergreen Lithium 0.18 -27% -36% 0% 0% $9,840,250
WSR Westar Resources 0.02 18% 5% -57% -3% $3,336,435
LU7 Lithium Universe Ltd 0.04 8% -17% 0% 1% $15,540,876
MEI Meteoric Resources 0.26 6% 21% 1757% 21% $476,195,996
REC Recharge Metals 0.12 -8% -25% -27% -2% $13,918,997
SLM Solis Minerals ltd 0.23 -4% 2% 271% 16% $20,240,664
DYM Dynamic Metals Ltd 0.205 24% 3% 0% 0% $7,175,000
TOR Torque Met 0.195 0% -30% 8% 2% $23,531,627
ICL Iceni Gold 0.058 -5% -19% -8% -2% $14,151,571
TMX Terrain Minerals 0.005 0% 0% -17% 0% $6,767,139
MHC Manhattan Corp Ltd 0.0045 -10% -31% -25% 0% $14,684,899
MHK Metalhawk. 0.235 114% 140% 27% 7% $16,541,912
ANX Anax Metals Ltd 0.031 -11% -11% -52% -2% $12,467,214
FIN FIN Resources Ltd 0.032 3% 191% 28% 1% $18,631,061
LM1 Leeuwin Metals Ltd 0.265 -4% -24% 0% 0% $12,091,950
HAW Hawthorn Resources 0.1 5% -5% 8% -2% $33,501,561
LCY Legacy Iron Ore 0.017 0% -11% 0% 0% $108,916,045
WordPress Tables Plugin

 

Charged up:

Biggest gainers, past seven days

GreenTech Metals (ASX:GRE) +118%

Metal Hawk (ASX:MHK) +114%

Woomera Mining (ASX:WML) +100%

Arizona Lithium (ASX:AZL) +97%

Charger Metals (ASX:CHR) +71%

Strickland Metals (ASX:STK) +57%

Zenith Minerals (ASX:ZNC) +40%

Golden State Mining (ASX:GSM) +39%

 

Low on juice:

Biggest dippers, past seven days

Surefire Resources (ASX:SRN) -34%

Evergreen Lithium (ASX:EG1) -27%

Enterprise Metals (ASX:ENT) -25%

Larvotto Resources (ASX:LRV) -22%

 

Latest ASX battery metals stocks news

Allkem (ASX:AKE): Allkem chairman Peter Coleman has quietened hopes for dividends from the lithium producer, saying building scale is the top priority. Josh Chiat has the details in Monsters of Rock, here.

Uvre’s (ASX:UVA) East Canyon project in the Uravan mineral belt and Salt Wash ore producing districts of the Colorado Plateau in southeastern Utah is an early-stage exploration project comprising 231 claims (18.7km2) prospective for uranium and vanadium. Uvre has begun mapping and sampling at the Big Sally prospect. More in a special report, here.

Golden State Mining (ASX:GSM) crushed it on the ASX with a 56% gain on Wednesday after announcing it’s identified numerous pegmatite outcrops “within elevated to anomalous lithium-caesium-tantalum (LCT) geochemistry envelope”. Read more here.

New Age Exploration’s (ASX:NAE) completion of a key cultural heritage survey has paved the way for future drilling at the Quartz Hill project in the Pilbara, where NAE has identified pegmatites similar in style to those hosting some of the world’s biggest lithium mines. More, in a special report, here.

James Bay Minerals (ASX:JBY) is pursuing its strategy of expanding its land position at the La Grande greenstone belt in the James Bay region of Quebec, Canada, by acquiring 12,116ha – a 70% increase. More, in a special report, here.

Bubalus Resources (ASX:BUS) has a tight capital structure, more than $3.6m in cash and projects close to significant, third-party projects, such as Delta Lithium’s Malinda lithium prospect. More, in a special report, here.

 

Note: UVA, GSM, NAE, JBY and BUS are all Stockhead advertisers at the time of writing. They sponsored recent special reports, but not this article. 

The post High Voltage: WA gov looks downstream in battery minerals strategy; Piedmont Lithium up on sales profits appeared first on Stockhead.

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