Long Shortz: Chariot Corporation
This move marks a strategic pivot driven by strong Chinese demand for African-sourced lithium.
Pathmanathan explained Chariot's focus on three key initiatives: drilling high-potential targets, partnering with artisanal miners for near-term revenue, and securing offtake agreements with Chinese buyers.
With Nigeria's geology likened to Brazil and increasing global interest, the projects offer significant scale and access to the world's dominant lithium market.
This video was developed in collaboration with Chariot Corporation, a Stockhead advertiser at the time of publishing.
This video does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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News.com.au
12 hours ago
- News.com.au
Closing Bell: ASX hits record high as Bitcoin closes in on a personal best
ASX starts Monday on a strong note reaching record high Lithium stocks rocket as Chinese CATL mine shuts BPH soars on valuable metals found in seaweed species The Aussie bourse made a strong start to the week with the S&P/ASX 200 finishing Monday up 37.70 points, or 0.43%, to 8,844.80 today, hitting a fresh 100-day high. Crypto has also joined the party with Bitcoin closing in on its all-time peak. It's currently purring around US$122,300, looking ready to rip higher and smash its record. Meanwhile, the Aussie dollar has dipped slightly in the past 24 hours and is currently trading around 65 US cents. Wall Street's record-breaking run on Friday helped lift the ASX higher. The real fireworks on the ASX today were in materials, which led the bourse higher, closing up 1.58%. Lithium stocks rallied after reports a major Chinese mine was closing down. EV battery giant CATL has reportedly let a key mining permit lapse, which is a blow to one of of the country's biggest lithium sources. The news triggered fears of a supply squeeze, sending traders into a frenzy. Pilbara Minerals (ASX:PLS) jumped ~18% and Liontown Resources (ASX:LTR) leapt ~17% as the market surged on lithium-fuelled momentum. Eight of 11 sectors were in the green today with staples the second strongest sector up 0.95% followed by healthcare rising 0.55%. Discretionary fell 1.62%, along with tech and utilities down 0.73% and 0.19% respectively. RBA tipped to lower rates by 25 bps Tomorrow all eyes will be on the Reserve Bank of Australia, which is widely tipped to announce its third cut in interest rates, after holding steady in July despite easing inflation. A new Finder survey shows 91% of economists expect the RBA to cut the cash rate by 25 basis points from 3.85% to 3.60% after its two-day meeting starting today. ASX leaders Today's best performing stocks (including small caps): Code Name Last % Change Volume Market Cap BP8 BPH Global Ltd 0.002 100% 2,248,187 $1,050,985 ETM Energy Transition 0.1 82% 60,668,491 $85,327,477 PAB Patrys Limited 0.0015 50% 1,126,226 $2,365,810 EPM Eclipse Metals 0.03 36% 55,078,742 $65,981,352 PLC Premier1 Lithium 0.008 33% 16,259,214 $2,208,363 SRJ SRJ Technologies 0.008 33% 1,745,027 $6,242,115 UNT Unith Ltd 0.008 33% 5,806,636 $8,872,713 DAL Dalaroo Metals 0.032 28% 4,559,724 $6,491,298 AGY Argosy Minerals Ltd 0.037 28% 22,791,731 $44,541,707 MQR Marquee Resource Ltd 0.014 27% 5,956,893 $6,453,911 ELT Elementos Limited 0.175 25% 703,203 $41,313,176 BYH Bryah Resources Ltd 0.005 25% 5,675,146 $4,114,130 MRD Mount Ridley Mines 0.0025 25% 795,584 $1,556,978 LKY Locksley Resources 0.23 24% 15,675,809 $33,916,666 I88 Infini Resources Ltd 0.235 24% 968,960 $9,950,304 TM1 Terra Metals Limited 0.085 23% 8,442,443 $32,974,891 DGR DGR Global Ltd 0.0135 23% 763,485 $11,480,656 BCN Beacon Minerals 1.585 22% 400,584 $136,831,237 MPK Many Peaks Minerals 0.88 22% 1,213,271 $88,748,959 OKJ Oakajee Corp Ltd 0.05 22% 131,566 $3,749,287 EDE Eden Inv Ltd 0.046 21% 142,185 $7,808,824 ADY Admiralty Resources. 0.006 20% 295,279 $13,147,397 EMT Emetals Limited 0.006 20% 905,782 $4,250,000 PKO Peako Limited 0.003 20% 33,730,499 $3,719,355 SPQ Superior Resources 0.006 20% 4,794,499 $11,854,914 In the news... Who would have guessed seaweed could hold precious and rare earth minerals? BPH Global (ASX:BP8) is up 100% today after announcing Temasek Innovation Holdings (TPIH) in collaboration with its Singapore-based R&D consultant Gaia Mariculture will undertake additional assays on naturally growing Sesuvium portulacastrum seaweed harvested from polluted waters in Johor, Malaysia. The supplementary testing will examine the mineral content of gold, silver, and rare earths in the harvested biomass, and will be conducted at no cost to BPH Global. The work builds on recent findings that identified Sesuvium portulacastrum as a hyper-accumulator of valuable metals. Dalaroo Metals (ASX:DAL) is up 28% today after completed a ~$900,000 placement of 35.1 million fully paid ordinary shares at 2.5 cents per share, along with issuing 11.7 million free attaching options, exercisable at 3.6 cents and expiring in August 2029. Proceeds of the raise will be used to progress the next phase of Dalaroo's exploration strategy in Cote d'Ivoire and its Greenland and Western Australian projects, for working capital purposes and to identify and assess new complementary projects. ASX laggards Today's worst performing stocks (including small caps): Code Name Last % Change Volume Market Cap SNT Syntara Limited 0.028 -51% 75,888,847 $92,775,383 AOK Australian Oil 0.002 -33% 1,171,757 $3,113,349 MTL Mantle Minerals Ltd 0.001 -33% 2,400,655 $9,671,169 TKL Traka Resources 0.002 -33% 15,027,413 $7,266,417 TMX Terrain Minerals 0.002 -33% 12,543,127 $7,595,443 BUX Buxton Resources Ltd 0.029 -31% 9,746,094 $14,431,448 AQX Alice Queen Ltd 0.003 -25% 2,500 $5,538,785 HPC Thehydration 0.01 -23% 417,422 $5,600,412 OLH Oldfields Holdings 0.02 -23% 914,781 $5,539,537 AYM Australia United Min 0.002 -20% 500 $4,606,444 MSI Multistack Internat. 0.004 -20% 89,033 $681,520 OEL Otto Energy Limited 0.004 -20% 86,472 $23,975,049 RLG Roolife Group Ltd 0.0065 -19% 11,291,967 $12,742,250 PGY Pilot Energy Ltd 0.009 -18% 9,026,279 $23,745,260 NVQ Noviqtech Limited 0.035 -17% 2,982,947 $10,564,535 HTG Harvest Tech Grp Ltd 0.015 -17% 2,192,760 $16,362,330 EM2 Eagle Mountain 0.005 -17% 35,184 $6,810,224 RAN Range International 0.0025 -17% 142,000 $2,817,871 SHP South Harz Potash 0.0025 -17% 200,000 $4,415,170 VAR Variscan Mines Ltd 0.005 -17% 7,622,922 $4,697,146 CLA Celsius Resource Ltd 0.006 -14% 5,694,358 $21,948,419 TON Triton Min Ltd 0.006 -14% 300,000 $10,978,721 TSL Titanium Sands Ltd 0.006 -14% 460,166 $16,413,230 VKA Viking Mines Ltd 0.006 -14% 1,021,785 $9,407,641 PER Percheron 0.0095 -14% 3,267,727 $11,961,814 In the news... Shares in cancer drug developer Syntara (ASX:SNT) lost almost half their value, after what investors viewed as unfavourable advice from the US Food & Drug Administration (FDA). Syntara announced that the FDA had provided guidance that a Phase II trial with a control arm be undertaken to acquire additional safety and efficacy data, focussing on improvements in symptoms and spleen volume reductions in order to optimise the design and efficiency of a subsequent pivotal Phase III trial. "Over the coming period we will use the FDA guidance to refine our clinical development plan for amsulostat and continue discussions with partners based on the FDA recommended path forward," Syntara CEO Gary Phillips said in an announcement. In case you missed it Astral Resources (ASX:AAR) has enhanced plans to mine its Feysville gold project near Kalgoorlie after geotechnical drilling returned high-grade assays of up to 100.7g/t within the optimised pit shell and outside the pre-feasibility study areas. Terra Metals (ASX:TM1) has defined a maiden 148Mt resource at Dante holding 14.8% titanium dioxide and significant levels of vanadium, copper, gold and platinum - confirming the West Australian project as a globally significant discovery with plenty of upside. Vertex Minerals (ASX:VTX) has begun first underground blasting and will soon move to high-grade gold production with the start of underground mining at its super high-grade Reward gold mine in the East Lachlan Fold Belt of NSW. Geopacific Resources (ASX:GPR) trenching work has confirmed more growth potential at its 1.67Moz Woodlark Project with high-grade gold at the Little MacKenzie prospect going up to 16.6g/t as a 30,000m drill campaign gets underway in Papua New Guinea. A Victory Metals (ASX:VTM) resource upgrade at its North Stanmore flagship in WA has revealed ultra-high, heavy rare earth ratio zones of up to 83% with ratios of the prized heavy elements comparing favourably to other projects. Buxton Resources (ASX:BUX) has wrapped up drilling at its Centurion IOCG target in WA and will now turn towards a fully funded maiden copper-gold campaign at a Madman project showing geological similarities to the 5.9Moz Havieron discovery. A cornerstone GTI Energy (ASX:GTR) investor has completed its due diligence and confirmed its participation in a $4.5 million placement to advance GTR's Lo Herma in-situ recovery uranium project in Wyoming. Rumble Resources (ASX:RTR) has delivered a maiden tungsten resource at its Western Queen project it says has highlighted the site's exceptional potential to become a significant West Australian critical minerals and gold operation. The ongoing diamond drilling at Many Peaks Minerals' (ASX:MPK) Ferké gold project in Côte d'Ivoire has delivered hits to the tune of 75m at 6.11g/t gold and a new record share price to match. Pure Hydrogen Corporation (ASX:PH2) has signed a sale agreement with Scott Lovatt Transport for supply of two Taurus Prime Movers and locked in more than $3 million in new orders from commercial transport operators for its leading fleet of hydrogen fuel cell vehicles. Arika Resources (ASX:ARI) 1300 Smiles (ASX:ONT) first results from a 10,000m drill campaign into the Yundamindra project have shown off thick, high-grade gold at the F1 Fault and pointed towards big upside surrounded by hungry mills southeast of Leonora. Trading halts
News.com.au
12 hours ago
- News.com.au
Resources Top 5: Many Peaks charges to record high on broad, high-grade gold in Côte d'Ivoire
Strong gold results to the viability of any potential bulk tonnage operation at Ouarigue prospect ETM has near-term critical minerals production opportunity in Spain Dante polymetallic project confirmed as a globally significant critical minerals discovery Your standout small cap resources stocks for Monday, August 11, 2025 Many Peaks Minerals (ASX:MPK) Broad, high-grade gold hits from the Ferké gold project in Côte d'Ivoire, including 75m at 6.11g/t from 427m, have seen Many Peaks Minerals charge to a new record of 90c, a lift of 25% on the August 8 close, and the market cap has lifted to about $108.47m. Extension and infill drilling at Ferké this year reveals that gold grades increase with depth and this along with potential increases in volume – point to the viability of any future bulk tonnage operation. Many Peaks Minerals (ASX:MPK) has high hopes for the Ouarigue prospect within the larger Ferké project that hosts a >37km corridor of gold anomalism where limited drill testing has occurred to date. The target is hosted in a tonalite intrusive unit, which is a similar host setting to the multi-million-ounce Bankan and Fekola deposits. MPK's diamond drilling program was extended from 6,000m to 15,000m earlier this year, with assays from six diamond holes at Ouarigue returning: 75m at 6.11g/t gold from 427m, including 7.07m at 52.9g/t; 87m at 1.50g/t Au from 340m, including 12m at 6.15g/t; 35.85m at 1.77g/t Au from 378.15m, including 10m at 4.14g/t; and 44m at 1.16g/t Au from 135m including 2m at 5.27g/t from 172m. The program has successfully added material volume to the mineralised intrusion, with gold mineralisation extended down-dip and south along strike. 'High-grade gold intercepts at Ferké, including today's 75m at 6.11g/t, continue to underpin the likelihood of a significant discovery in progress at our flagship project in Côte d'Ivoire,' managing director Travis Schwertfeger said. 'Our team is pleased to see a strong continuity of gold mineralisation in context of a bulk tonnage target at Ouarigue, and we are excited about the significant underground potential the high-grade intercepts represent for continuing exploration upside.' Diamond drilling continues with two drill rigs active on site enabling the company to complete 46 diamond core holes totalling more than 13,200m completed since the program started in April. Assays from 22 of these holes for more than 5700m remain pending. A further 4000m of diamond core drilling is planned as MPK works to define the extent of gold mineralisation. Energy Transition Minerals (ASX:ETM) A successful bid announced on August 7 for the Penouta tin-tantalum-niobium mine in Galicia, Spain, not only presents Energy Transition Minerals (ASX:ETM) with a near-term production opportunity, it has seen the company charge ahead on the ASX. Shares reached a 4-year high of 15c, a 173% increase on the previous close, with more than 116m changing hands valued at more than $13m. The offer of €5.2million (A$9.2 million) was successful for the mine and processing plant and will see ETM transition into a multi-asset, EU-based operator, expanding its strategy beyond a single asset in Greenland, its Tier-1 Kvanefjeld rare earths project. Penouta last operated in 2024 and is the only developed tin-tantalum-niobium project in the European Union. The bid aligns Penouta and ETM with the EU's goal to increase critical mineral production and enhance supply chain security. ETM said it represented a deep value opportunity, with the mine and processing plant acquired for well below the €28m (A$49.8m) cost of historical investment including processing infrastructure. ETM managing director Daniel Mamadou said securing the mine was a huge opportunity for the company as it was the only recent producer of the critical metals in Europe. 'This acquisition represents a compelling entry point into a near-term production opportunity for tin, tantalum and niobium, all of which are critical to Europe's industrial and technological ambitions,' he said. 'Importantly, Penouta also stands as the only current source of tantalum and niobium in the European Union, adding a key ethical dimension to sourcing conflict-free critical minerals. 'The upside for tantalum, particularly as an essential input for the semi-conductor industry, further enhances the strategic value of the acquisition.' Penouta has a Foreign Mineral Resource calculated in 2021 comprising an indicated and measured resource of 76.3Mt grading 149ppm tantalum pentoxide equivalent (443ppm tin and 73ppm tantalum). It also has an inferred 43-101 resource of 57Mt at 129ppm Ta2O5. Terra Metals (ASX:TM1) Terra Metals (ASX:TM1) has confirmed the Dante polymetallic project in WA as a globally significant critical minerals discovery after defining a maiden resource with plenty of upside and shares increased 24.64% to 8.6c, a new 12-month high. The resource of 148Mt grading 14.8% titanium dioxide, 0.54% vanadium pentoxide, 0.18% copper and 0.33% PGE and contains 22Mt TiO2, 800,000t V2O5, 270,000t copper, 400,000oz gold, 880,000oz platinum and 330,000oz palladium. It includes a high-grade indicated resource of 38Mt at 18.4% TiO2, 0.73% V2O5, 0.23% copper and 0.72g/t 3PGE. This resource was defined within 12 months of initial discovery and was made at a low discovery cost of 7c per tonne, highlighting the simple, laterally extensive and near-surface nature of the system. Adding further interest, the resource covers less than 10% of the mapped mineralised trend, which remains open along strike and at depth. Initial metallurgical testwork using flotation and magnetic separation has also confirmed excellent recoveries and concentrate grades across all key metals – titanium, vanadium, copper, gold and platinum – with optimisation work ongoing. Dalaroo Metals (ASX:DAL) Dalaroo Metals (ASX:DAL) has completed a strongly supported placement for $1m with proceeds to progress the next phase of exploration in Cote d'Ivoire as well as its Greenland and WA projects. Funds will also be used to assess new complementary business opportunities. There were 35.1m fully paid ordinary shares issued at 2.5c per share with DAL also issuing 11.7m 1:3 free attaching options, exercisable at $0.036 each, expiring on August 23, 2029. The placement was conducted on an invitation only basis and cornerstoned by existing large shareholders of the company, Dalaroo's in-country partners in Cote d'Ivoire and all three directors. Bids received were significantly in excess of the minimum amount sought. Beacon Minerals (ASX:BCN) After stage 2 grade control drilling at the Lady Ida gold project in WA returned bonanza-grade intersections, Beacon Minerals (ASX:BCN) reached $1.67, a high of almost six years and a lift of 28.96% on the previous close. The 298-hole program for 16,506m, the largest RC drill program ever conducted by BCN, was aimed at increasing geological confidence in the Iguana stage 1 pit and results have been received from the first batch of 2,970 assays from multiple mineralised zones. Significant intersections include: 5m at 39.3g/t Au from 49m, including 1m at 179g/t from 49m; 6m at 46.8g/t Au from 32m, including 2m at 135.5g/t from 32m; 2m at 39.9g/t Au from 41m, including 1m at 75.9g/t from 41m; and 2m at 21.9 g/t Au from 18m. Beacon expects the remaining 13,536 assay results to be received over the next six to eight weeks. This article does not constitute financial product advice. You should consider obtaining independent financial advice before making any financial decisions. While Many Peak Minerals and Terra Metals are Stockhead advertisers, they did not sponsor this article.
News.com.au
12 hours ago
- News.com.au
Suspension of giant Chinese mine another lift for lithium revival
CATL's giant Jianxiawo lepidolite mine suspended for at least three months over permits Lithium prices have gained on supply concerns amidst speculation suspension could last up to 12 months Australian spodumene producers have marked big gains today on the news Lithium tailwinds are looking increasingly stronger with news that China's largest lithium battery producer CATL has been forced by Chinese regulators to suspend operations at the giant Jianxiawo lepidolite mine in Jiangxi province. The suspension – the second time the mine was shut in less than a year – will reportedly last for at least three months and is due to non-compliance with permitting requirements. Interesting that @catl_official is learning they aren’t more powerful than regulators. China will retain controlling influence over #lithium price for at least a few more years but it is clear the Middle Kingdom knows price has to rise. â€' Joe Lowry (@globallithium) August 10, 2025 Shutting Jianxiawo is expected to have a noticeable impact on lithium supplies with sources flagging that it supplies anywhere from 3% to 6% of the world's refined lithium supply while UBS is estimated it provides feedstock for 8% of China's lithium carbonate production. The suspension could also last longer than three months with MST Financial saying that it was due to CATL not renewing its kaolin mining licence following scrutiny over state control of strategic resources under the updated Mineral Resources Law, which is aimed at countering practices that lead to destructive pricing practices. MST believes this could result in the suspension lasting up to 12 months, which reflects the timeline of a review process of CATL's mining licence renewal. Supply and pricing Capital Markets said it had already factored in some closures of higher cost lepidolite operations into its modelling, noting previously that it expects to see lepidolite supply of ~85,000t lithium carbonate equivalent vs reported capacity of between 120,000t and 150,000t LCE but recovering to 120,000t LCE in 2026. However, should the suspension extend through to 2026, it expects its modelled small surplus to be at risk, which will put continued upward pressure on pricing. Any impact on lepidolite supply will be welcomed by Australian spodumene producers as it would mean greater demand for their product. This is particularly true since global demand for battery electric vehicle have grown this year, which has in turn raised demand for lithium. Lithium prices have already moved with lithium carbonate futures on the Guangzhou Futures Exchange rising 8% by mid-day on Monday to 80,560 yuan ($17,196) per tonne. Spodumene supply from Australian producers is also likely to be welcome by Chinese refiners given that they have a well-deserved reputation for reliable supply. This is important as the refiners need feedstock to maintain their production of lithium-ion batteries to meet growing BEV and energy storage demand. Australian lithium plays rising The news is seen as largely positive for the lithium sector in Australia with shares of the major lithium producers all seeing significant gains. Liontown Resources (ASX:LTR) jumped 17.75% on Monday to close at 99.5c despite having just raised $316m through a two-tranche placement last week while Pilbara Minerals (ASX:PLS) took the skies with a 19.17% gain to $2.30. Mineral Resources (ASX:MIN) had a somewhat more subdued rise of 11.68% to $37.95 while IGO (ASX:IGO) lagged behind its peers with a 8.6% rise to $5.43. Meanwhile, Piedmont Lithium (ASX:PLL), which is in the process of acquiring Sayona Mining (ASX:SYA), rose 15.39% to 15c. Advanced explorers such as Lake Resources (ASX:LKE), Core Lithium (ASX:CXO) and Argosy Minerals (ASX:AGY), which have feasibility studies in place or which are progressing towards an investment decision have also seen big gains. AGY soared 31.03% to 3.8c, CXO gained 12.5% to 11.3c and LKE is up 10.26% to 4.3c.
