High Voltage: South American lithium investment heats up even as prices fall

News.com.au

22-05-2025

Rio to invest $400m in Chilean lithium project with Codelco
Lithium price hits lowest point since back in Feb 2021
Woodmac predicts oversupply then deficit again in early 2030s
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.
The global lithium market is expected to face a significant supply surplus over the next decade, with deflationary pressures from China's overcapacity in processing and trade tensions with the U.S. threatening to reshape the market's dynamics.
According to Wood Mackenzie, the current oversupply is projected to peak in 2027, followed by a potential shift to deficit by the early 2030s.
But big miners are playing the long game, not at all fazed by this week's spodumene concentrate price drop to US$625/tonne – the lowest level since February 2021.
Case in point, mining giant Rio Tinto (ASX:RIO) just entered a joint venture with the world's largest copper producer, state-owned Codelco (Corporación Nacional Del Cobre de Chile) to develop and operate a high-grade lithium project in the Salar de Maricunga in Chile.
Rio is investing $350m in initial funding and another $500m towards construction costs (if it goes ahead) and another $50m if the project achieves its aim of delivering first lithium by the end of 2030.
It follows the mining mammoth's $10bn takeover of Allkem this year, along with its sanctioning of the US$2.5bn, 60,000tpa Rincon lithium carbonate operation in Argentina.
According to Benchmark Mineral Intelligence, Rio Tinto will be the second largest lithium producer in the world behind the pure play US stock Albemarle by 2035.
Rio is the latest and biggest gun splashing cash around South America, which has emerged as one of the world's preferred lithium hot spots.
According to the International Energy Agency, Latin America (along with Asia) have become new centres for EV growth, with electric car sales across these regions surged by more than 60% last year.
Brazil-liant
No surprise then, that explorers and developers alike are flocking to Argentina, Chile and Brazil to nab a slice of pie as suppliers of materials for the global energy transition.
Just look at Pilbara Minerals (ASX:PLS), which picked up Latin Resources (ASX:LRS) and its Salinas project in Brazil earlier this year.
It's a move CEO Dale Henderson said was because the asset would be cheaper to develop than anything similar in WA.
'It's a fantastic proposition, which is frankly hard to beat globally,' he said at the AFR Mining Summit in Perth this week.
'We considered opportunities in our backyard. Brazil just stacked up on every dimension.'
With Latin off the table, that's a positive outlook for juniors keeping the faith in lithium in the region, who are trading on far lower valuations.
CSE-listed American Salars Lithium is one example. Its Jaguaribe project in the State of Ceará could open up a new pegmatite district with high grade results from rock chip sampling of lithium-caesium-tantalum pegmatites. It also hosts mulitple lithium rock types such as lepidolite, spodumene and amblygonite as well as rare earths, tantalum, niobium and tin.
"These multi-mineral deposits enhance the economic viability of the Jaguaribe Project, with lithium oxide grades reaching up to 3.72%," CEO Nick Horsley told Stockhead.
"Geologically, Ceará's Solonópole region, part of the Borborema Pegmatite Province, benefits from well-exposed, high-grade pegmatite swarms and a favorable structural setting, ideal for cost-effective exploration."
"The Jaguaribe Project distinguishes itself through its large scale, high-grade lithium and multi-mineral potential, historical mining validation, logistical advantages, and strategic exploration approach, positioning it as a leading hardrock lithium project in Ceará compared to smaller or less diversified regional plays."
With prices so low more mine shuts are a distinct possibility, Horsley says a 10-30,000t lithium carbonate surplus globally implies we only need one hard rock mine to shut to bring about a faster than expected surplus, potentially as soon as next year.
That's informed the company's approach to exploring early stage lithium projects that could come to life in the next upturn, with assets across Canada, Brazil, the US and Argentina, where it boasts 13880 hectares of brine-prospective salar tenure at the Pocitos project.
This month, the company appointed veteran hydrogeologist Dr Mark King as its technical advisor to help steer its search for significant lithium salar projects.
King has +30 years international experience in groundwater modelling and geochemistry, and 15 years specialising in exploration and evaluation of lithium brine projects including for Albemarle at Salar Atacama, Silver Peak and Antofalla Salar, Vulcan at its geothermal lithium projects in Germany's Rhine Valley and Lithium Americas and the Cauchari Salar.
That makes his resource and reserve estimation experience among 'arguably the most extensive of any geologist, hydrogeologist, or engineer in the world', American Salars said.
Battery Metals Winners and Losers
Here's how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese and vanadium is performing >>>
Code Company Price % Week % Month % Six Month % Year Market Cap
XTC XTC Lithium Limited 0.2 19900% 19900% 19900% 19900% $17,528,272
PEK Peak Rare Earths Ltd 0.27 157% 92% 180% 31% $93,310,902
OCN Oceanalithiumlimited 0.063 103% 133% 142% 62% $7,424,805
NWC New World Resources 0.047 62% 124% 124% 9% $99,155,888
MRD Mount Ridley Mines 0.003 50% 20% -70% -85% $1,556,978
VML Vital Metals Limited 0.003 50% 0% 50% 0% $17,685,201
FRS Forrestaniaresources 0.069 41% 73% 360% 263% $20,734,491
AZI Altamin Limited 0.03 30% 25% 7% -16% $14,937,075
MTM MTM Critical Metals 0.325 30% 44% 378% 525% $135,309,988
PAT Patriot Resourcesltd 0.064 28% -9% 31% -21% $8,090,750
EGR Ecograf Limited 0.345 28% 25% 354% 146% $168,028,773
BYH Bryah Resources Ltd 0.005 25% 25% 25% -38% $4,349,768
STM Sunstone Metals Ltd 0.016 23% 33% 129% 45% $83,788,251
DYM Dynamicmetalslimited 0.28 22% -18% 40% 51% $14,725,302
MOH Moho Resources 0.006 20% 100% 20% 20% $4,472,484
AKN Auking Mining Ltd 0.006 20% -14% 50% -68% $4,023,451
MRR Minrex Resources Ltd 0.01 18% 33% 25% -9% $11,933,543
ALY Alchemy Resource Ltd 0.007 17% 17% 0% 17% $8,246,534
G88 Golden Mile Res Ltd 0.014 17% 40% 27% 0% $7,619,470
PVT Pivotal Metals Ltd 0.007 17% -13% -22% -65% $6,350,581
KAI Kairos Minerals Ltd 0.028 17% 33% 87% 155% $71,034,629
ASO Aston Minerals Ltd 0.021 17% 11% 133% 31% $25,901,285
TOR Torque Met 0.11 16% 15% 112% -48% $31,011,351
BUR Burleyminerals 0.052 16% 0% -12% -63% $9,420,700
M24 Mamba Exploration 0.015 15% 36% 25% -29% $4,427,484
CDT Castle Minerals 0.093 15% 58% 24% -38% $11,136,919
BUX Buxton Resources Ltd 0.04 14% 33% -26% -60% $11,210,188
AVW Avira Resources Ltd 0.008 14% 14% -60% -60% $1,464,902
NMT Neometals Ltd 0.09 14% 55% -1% -25% $71,556,533
TMB Tambourahmetals 0.025 14% -11% -4% -67% $2,939,751
EVG Evion Group NL 0.018 13% 0% -45% -25% $8,263,479
GSM Golden State Mining 0.009 13% 0% 0% -18% $2,514,336
1AE Auroraenergymetals 0.072 13% 44% 18% -20% $12,355,398
IPX Iperionx Limited 3.61 11% 15% -14% 67% $1,139,404,806
SCN Scorpion Minerals 0.02 11% 5% 82% -5% $10,481,124
RR1 Reach Resources Ltd 0.01 11% 0% 11% -29% $9,618,745
DM1 Desert Metals 0.02 11% 5% -26% -5% $8,403,445
KTA Krakatoa Resources 0.01 11% 11% 0% -44% $6,201,340
EV1 Evolutionenergy 0.01 11% -29% -64% -85% $3,626,505
ODE Odessa Minerals Ltd 0.0055 10% -8% -21% 38% $8,797,429
KOB Kobaresourceslimited 0.044 10% -6% -44% -71% $6,659,588
LU7 Lithium Universe Ltd 0.0055 10% 10% -39% -69% $3,929,898
GAL Galileo Mining Ltd 0.12 9% 4% 0% -56% $23,714,991
LIN Lindian Resources 0.12 9% 0% 14% -8% $141,263,599
ICL Iceni Gold 0.061 9% 2% 7% -15% $19,459,785
VTM Victory Metals Ltd 0.77 8% 81% 108% 185% $112,240,282
SRI Sipa Resources Ltd 0.013 8% -4% -7% -24% $5,413,178
MHK Metalhawk. 0.485 8% 15% 80% 782% $56,563,792
WMG Western Mines 0.215 8% 39% 23% -46% $18,070,669
LYC Lynas Rare Earths 8.025 7% -9% 17% 13% $7,109,396,227
FTL Firetail Resources 0.059 7% 18% -20% 24% $22,421,651
LEG Legend Mining 0.008 7% 0% -30% -52% $23,291,817
FRB Firebird Metals 0.08 7% -6% -33% -62% $11,388,912
HRE Heavy Rare Earths 0.032 7% 39% 19% -9% $6,241,016
GRE Greentechmetals 0.05 6% -15% -47% -77% $5,494,981
WC1 Westcobarmetals 0.017 6% 21% 13% -69% $3,525,451
GED Golden Deeps 0.019 6% 6% -30% -58% $3,188,263
MEK Meeka Metals Limited 0.1425 6% -11% 116% 285% $339,586,448
RXL Rox Resources 0.3 5% -21% 88% 71% $216,086,368
INF Infinity Lithium 0.021 5% 11% -32% -60% $9,451,842
FG1 Flynngold 0.025 4% 4% -19% -26% $9,782,912
SLM Solismineralsltd 0.084 4% 8% -10% -30% $9,994,956
LLI Loyal Lithium Ltd 0.088 4% 19% -16% -65% $8,864,510
S32 South32 Limited 3.095 4% 15% -17% -21% $13,886,137,576
PNN Power Minerals Ltd 0.06 3% -14% -39% -57% $7,641,764
WCN White Cliff Min Ltd 0.03 3% 58% 88% 100% $58,163,122
AXN Alliance Nickel Ltd 0.034 3% 3% -19% -28% $22,501,028
DVP Develop Global Ltd 3.77 3% 43% 88% 55% $1,017,971,849
CTM Centaurus Metals Ltd 0.375 3% -9% -7% -25% $181,295,943
VMC Venus Metals Cor Ltd 0.1025 3% 4% 46% 14% $20,593,512
TVN Tivan Limited 0.1075 2% 2% 95% 115% $217,121,138
WA1 Wa1Resourcesltd 12.81 2% 13% -17% -39% $829,518,256
KM1 Kalimetalslimited 0.09 2% -3% -28% -78% $6,664,659
CHR Charger Metals 0.046 2% 12% -41% -35% $3,561,332
MEI Meteoric Resources 0.098 2% -25% 1% -50% $231,349,415
NIC Nickel Industries 0.6525 2% 27% -28% -39% $2,864,357,678
CHN Chalice Mining Ltd 1.09 2% 3% -20% -35% $435,710,003
RNU Renascor Res Ltd 0.069 1% 3% 5% -43% $170,388,739
NC1 Nicoresourceslimited 0.073 1% -3% -37% -57% $8,008,142
PVW PVW Res Ltd 0.012 0% -14% -25% -52% $2,386,857
PSC Prospect Res Ltd 0.14 0% -7% 44% -7% $91,583,349
QXR Qx Resources Limited 0.004 0% 33% -11% -64% $5,241,315
RIL Redivium Limited 0.004 0% 0% 0% 100% $13,609,422
LPD Lepidico Ltd 0.002 0% 0% 0% -50% $17,178,371
CZN Corazon Ltd 0.002 0% 0% -50% -78% $2,369,145
MAN Mandrake Res Ltd 0.018 0% 0% -25% -49% $11,290,679
STK Strickland Metals 0.12 0% 26% 54% 24% $237,547,779
CLA Celsius Resource Ltd 0.007 0% 0% -30% -30% $21,948,419
MNS Magnis Energy Tech 0.042 0% 0% 0% 0% $50,378,922
QEM QEM Limited 0.054 0% -4% 20% -64% $10,305,019
ESR Estrella Res Ltd 0.036 0% 29% 125% 620% $75,922,404
SBR Sabre Resources 0.008 0% 33% -27% -60% $3,155,695
VRC Volt Resources Ltd 0.005 0% 25% 43% 0% $23,423,890
ADV Ardiden Ltd 0.145 0% 0% 12% -3% $9,065,038
NTU Northern Min Ltd 0.028 0% -30% 40% -20% $225,643,207
AXE Archer Materials 0.26 0% 0% -13% -33% $71,357,164
PGM Platina Resources 0.02 0% 0% -9% -29% $13,086,787
AAJ Aruma Resources Ltd 0.01 0% 0% -33% -47% $3,053,300
HAS Hastings Tech Met 0.32 0% -14% 21% 19% $59,492,832
SGQ St George Min Ltd 0.026 0% 0% 4% 44% $72,031,206
TKL Traka Resources 0.0015 0% 50% 50% -25% $3,188,685
IPT Impact Minerals 0.006 0% 20% -47% -71% $23,731,980
JRV Jervois Global Ltd 0.011 0% 0% 0% -39% $29,730,402
ADD Adavale Resource Ltd 0.002 0% 0% -20% -64% $4,574,558
GL1 Globallith 0.17 0% 3% -8% -56% $44,494,461
ATM Aneka Tambang 0.98 0% 0% 14% -9% $1,277,576
LEL Lithenergy 0.37 0% 0% 0% -12% $41,440,581
RMX Red Mount Min Ltd 0.007 0% -13% -30% -30% $3,254,705
GW1 Greenwing Resources 0.028 0% -22% -36% -65% $7,685,997
1MC Morella Corporation 0.019 0% 0% -34% -75% $6,897,131
MRC Mineral Commodities 0.026 0% 0% 0% 13% $25,596,288
BMM Bayanminingandmin 0.029 0% -19% -43% -52% $2,985,707
WKT Walkabout Resources 0.095 0% 0% 0% -24% $63,769,838
TON Triton Min Ltd 0.006 0% 20% -40% -50% $9,410,332
CNJ Conico Ltd 0.007 0% 0% -30% -53% $1,662,411
BOA BOA Resources Ltd 0.018 0% 0% -18% -22% $2,220,351
SLZ Sultan Resources Ltd 0.006 0% -33% -14% -40% $1,388,819
NVA Nova Minerals Ltd 0.325 0% -2% 51% 35% $104,974,161
MQR Marquee Resource Ltd 0.009 0% -25% -36% -31% $3,883,844
EFE Eastern Resources 0.026 0% 0% -35% -63% $3,404,429
CNB Carnaby Resource Ltd 0.3 0% 13% -19% -65% $63,948,881
AX8 Accelerate Resources 0.008 0% 14% -11% -83% $6,377,510
DTM Dart Mining NL 0.004 0% -11% -64% -85% $4,792,222
EMS Eastern Metals 0.01 0% 0% -38% -75% $1,394,262
IMI Infinitymining 0.009 0% -31% -36% -80% $3,807,142
RAG Ragnar Metals Ltd 0.019 0% -10% -10% -5% $9,005,734
TEM Tempest Minerals 0.004 0% 0% -33% -53% $2,938,119
OB1 Orbminco Limited 0.001 0% 0% -40% -70% $2,397,568
LMG Latrobe Magnesium 0.011 0% 10% -58% -82% $28,892,490
KOR Korab Resources 0.008 0% 0% 0% 33% $2,936,400
CMX Chemxmaterials 0.026 0% 0% -30% -45% $3,354,580
CMO Cosmometalslimited 0.016 0% 0% 7% -49% $5,154,170
KGD Kula Gold Limited 0.008 0% 14% 41% -6% $7,370,029
ENT Enterprise Metals 0.002 0% 0% -50% -50% $2,356,635
ENV Enova Mining Limited 0.008 0% 0% 14% -58% $11,308,006
RBX Resource B 0.028 0% 0% -24% -7% $3,225,166
EMT Emetals Limited 0.003 0% 0% -40% -50% $2,550,000
PNT Panthermetalsltd 0.014 0% 0% -33% -60% $3,911,759
RGL Riversgold 0.004 0% -11% 33% -50% $6,734,850
SRZ Stellar Resources 0.017 0% 6% -8% -19% $35,355,760
YAR Yari Minerals Ltd 0.006 0% 20% 50% 50% $3,328,269
IG6 Internationalgraphit 0.055 0% 17% -5% -54% $11,226,383
CLZ Classic Min Ltd 0.001 0% 0% 0% -83% $1,544,026
SUM Summitminerals 0.037 0% -26% -78% -80% $3,485,120
IDA Indiana Resources 0.08 0% -2% 40% 79% $50,775,864
M2R Miramar 0.003 0% 0% -45% -68% $2,990,470
AOA Ausmon Resorces 0.002 0% 0% 0% -20% $2,622,427
TKM Trek Metals Ltd 0.06 0% -13% 140% 50% $33,443,203
BCA Black Canyon Limited 0.05 0% -17% -9% -58% $6,482,535
KNI Kunikolimited 0.145 0% 0% -24% -34% $11,300,155
BC8 Black Cat Syndicate 0.855 0% -15% 40% 167% $594,184,482
OM1 Omnia Metals Group 0.009 0% 0% -88% -88% $2,170,917
LLL Leolithiumlimited 0.332997 0% 0% 0% 0% $401,204,047
TMX Terrain Minerals 0.003 0% 0% 0% -14% $6,745,670
MHC Manhattan Corp Ltd 0.023 0% 35% 15% -45% $5,637,574
FIN FIN Resources Ltd 0.006 0% 20% 0% -45% $4,169,331
LCY Legacy Iron Ore 0.009 0% -10% -28% -42% $87,858,383
RON Roninresourcesltd 0.2 0% 11% 25% 54% $8,075,002
PFE Pantera Lithium 0.014 0% -7% -33% -72% $6,632,972
ASN Anson Resources Ltd 0.0525 -1% -6% -24% -61% $73,497,037
E25 Element 25 Ltd 0.2275 -1% 6% -17% -16% $51,437,790
ARL Ardea Resources Ltd 0.415 -1% -6% 14% -30% $85,217,231
CY5 Cygnus Metals Ltd 0.075 -1% -22% -38% -9% $59,579,217
A8G Australasian Metals 0.069 -1% -1% -7% -9% $3,994,391
LRV Larvottoresources 0.67 -1% -23% 37% 483% $273,467,373
BHP BHP Group Limited 38.675 -2% 6% -3% -16% $196,187,099,883
VHM Vhmlimited 0.24 -2% -37% -38% -52% $60,515,988
ASL Andean Silver 0.945 -2% -1% -5% 23% $146,865,723
EMH European Metals Hldg 0.21 -2% -2% 45% -52% $43,563,388
GLN Galan Lithium Ltd 0.1025 -2% -2% -27% -56% $94,584,206
JMS Jupiter Mines. 0.185 -3% 32% 28% -42% $362,792,726
DLI Delta Lithium 0.185 -3% 19% -10% -44% $132,560,232
BSX Blackstone Ltd 0.069 -3% 11% 156% 18% $48,726,339
ITM Itech Minerals Ltd 0.034 -3% -28% -48% -55% $5,808,403
GBR Greatbould Resources 0.063 -3% -26% 47% 2% $47,153,038
MLX Metals X Limited 0.5275 -3% 3% 27% 11% $491,947,304
EMC Everest Metals Corp 0.145 -3% -3% 12% 7% $33,619,688
RVT Richmond Vanadium 0.14 -3% -7% -53% -48% $29,573,789
A11 Atlantic Lithium 0.135 -4% -7% -40% -67% $93,574,887
DEV Devex Resources Ltd 0.08 -4% 13% -27% -79% $35,335,254
EUR European Lithium Ltd 0.051 -4% -2% 104% 11% $73,704,255
ASM Ausstratmaterials 0.5 -4% -35% -1% -51% $90,670,341
CWX Carawine Resources 0.096 -4% 0% -17% -4% $22,668,043
KFM Kingfisher Mining 0.048 -4% 0% -6% -28% $2,578,320
PMT Patriotbatterymetals 0.235 -4% -6% -6% -76% $127,464,747
FLG Flagship Min Ltd 0.069 -4% -1% 10% -57% $14,658,783
S2R S2 Resources 0.092 -4% -6% 14% -29% $41,210,077
ARU Arafura Rare Earths 0.1675 -4% -22% 29% -12% $406,614,234
OMH OM Holdings Limited 0.325 -4% -6% -6% -35% $252,864,744
LPM Lithium Plus 0.065 -4% 10% -41% -32% $8,634,600
ILU Iluka Resources 3.92 -5% 4% -27% -50% $1,649,902,284
L1M Lightning Minerals 0.06 -5% 0% -28% -29% $6,199,699
LIT Livium Ltd 0.0095 -5% 6% -47% -65% $15,214,564
PTR Petratherm Ltd 0.285 -5% 27% 58% 1400% $103,684,431
TLG Talga Group Ltd 0.4125 -5% -11% -10% -48% $178,408,813
MLS Metals Australia 0.018 -5% -10% -31% -18% $13,116,951
IGO IGO Limited 4.075 -5% 14% -18% -49% $3,082,079,999
ARR American Rare Earths 0.25 -6% -21% -6% -9% $126,855,825
LKE Lake Resources 0.032 -6% 0% -33% -52% $57,700,793
HAW Hawthorn Resources 0.048 -6% 9% 2% -31% $16,080,749
SYA Sayona Mining Ltd 0.015 -6% -17% -56% -65% $184,692,736
KZR Kalamazoo Resources 0.085 -7% 0% 2% -23% $19,087,236
COB Cobalt Blue Ltd 0.056 -7% -15% -21% -41% $24,466,137
VR8 Vanadium Resources 0.014 -7% -13% -46% -75% $7,900,086
SMX Strata Minerals 0.014 -7% -62% -33% -46% $3,418,079
OD6 Od6Metalsltd 0.028 -7% 12% -30% -58% $4,493,103
LM1 Leeuwin Metals Ltd 0.14 -7% -33% 92% 100% $15,120,958
SRL Sunrise 0.415 -7% -42% 66% -30% $37,444,412
LOT Lotus Resources Ltd 0.1725 -7% 11% -25% -64% $391,004,304
PUR Pursuit Minerals 0.039 -7% -11% -74% -83% $3,989,359
GCM Green Critical Min 0.013 -7% 44% 86% 271% $25,521,318
BKT Black Rock Mining 0.025 -7% 25% -44% -62% $39,674,877
FBM Future Battery 0.0165 -8% -6% -18% -61% $11,035,298
AVL Aust Vanadium Ltd 0.011 -8% 0% -21% -35% $94,981,239
WC8 Wildcat Resources 0.165 -8% -13% -38% -69% $208,408,108
EG1 Evergreenlithium 0.033 -8% -38% -59% -66% $6,421,084
FGR First Graphene Ltd 0.032 -9% -18% -3% -44% $26,208,474
THR Thor Energy PLC 0.01 -9% 0% -23% -38% $7,107,898
WR1 Winsome Resources 0.15 -9% -27% -70% -89% $35,364,550
VUL Vulcan Energy 4.15 -9% -8% -38% -19% $920,341,489
ARN Aldoro Resources 0.29 -9% -44% 241% 277% $56,058,088
ETM Energy Transition 0.047 -10% -38% 96% 47% $76,019,025
MIN Mineral Resources. 23.5 -10% 38% -31% -70% $4,620,152,380
AUZ Australian Mines Ltd 0.009 -10% -18% -14% 0% $13,285,865
LML Lincoln Minerals 0.0045 -10% -10% -25% -44% $10,512,849
GRL Godolphin Resources 0.009 -10% -18% -40% -68% $4,039,860
WSR Westar Resources 0.0045 -10% -25% -44% -55% $1,794,262
CXO Core Lithium 0.089 -10% 31% -7% -41% $192,871,399
BM8 Battery Age Minerals 0.053 -10% -12% -41% -65% $6,216,483
ABX ABX Group Limited 0.043 -10% 8% 8% -22% $11,041,056
AGY Argosy Minerals Ltd 0.017 -11% -8% -51% -87% $26,206,577
AQD Ausquest Limited 0.051 -11% -2% 538% 229% $66,568,370
INR Ioneer Ltd 0.125 -11% -11% -38% -49% $294,459,065
DRE Dreadnought Resources Ltd 0.0125 -11% -4% -11% -26% $66,033,500
KNG Kingsland Minerals 0.098 -11% -22% -47% -52% $7,256,091
JLL Jindalee Lithium Ltd 0.48 -11% 88% 81% -14% $37,600,518
TAR Taruga Minerals 0.008 -11% -11% -27% -11% $5,710,032
ANX Anax Metals Ltd 0.008 -11% 33% -27% -82% $7,062,461
GT1 Greentechnology 0.023 -12% -43% -66% -78% $10,928,911
RAS Ragusa Minerals Ltd 0.015 -12% -12% 7% -21% $2,138,982
REC Rechargemetals 0.015 -12% 7% -46% -58% $3,854,850
CAE Cannindah Resources 0.036 -12% -39% -16% -31% $26,938,958
IXR Ionic Rare Earths 0.007 -13% -22% -22% -46% $41,907,427
CRR Critical Resources 0.0035 -13% -13% -42% -73% $7,842,664
PBL Parabellumresources 0.041 -13% -18% -18% -2% $2,554,300
BNR Bulletin Res Ltd 0.068 -13% 10% 70% 39% $19,965,706
PGD Peregrine Gold 0.135 -13% -21% 4% -51% $11,454,445
SYR Syrah Resources 0.335 -13% 46% 46% -35% $349,152,013
SYR Syrah Resources 0.335 -13% 46% 46% -35% $349,152,013
ZNC Zenith Minerals Ltd 0.04 -13% -20% -7% -45% $16,297,657
PLL Piedmont Lithium Inc 0.094 -15% -10% -41% -60% $59,076,491
NH3 Nh3Cleanenergyltd 0.022 -15% -15% 5% 16% $13,550,515
AR3 Austrare 0.054 -16% -43% -42% -48% $12,083,280
AM7 Arcadia Minerals 0.015 -17% -17% -46% -77% $2,347,669
NWM Norwest Minerals 0.01 -17% -25% -42% -70% $5,336,315
CRI Criticalim 0.015 -17% 0% 67% -32% $45,703,626
LTR Liontown Resources 0.64 -18% 20% -19% -56% $1,589,992,020
NVX Novonix Limited 0.44 -19% 10% -41% -48% $273,516,739
PLS Pilbara Min Ltd 1.3325 -19% -7% -52% -68% $4,392,474,458
EMN Euromanganese 0.185 -20% -34% -23% -55% $8,922,448
AS2 Askarimetalslimited 0.008 -20% -20% -50% -86% $3,233,365
CTN Catalina Resources 0.002 -20% -20% -29% -47% $4,852,038
ASR Asra Minerals Ltd 0.002 -20% 0% -33% -60% $6,916,340
WIN WIN Metals 0.019 -21% -14% -5% -55% $11,001,162
QPM QPM Energy Limited 0.036 -22% -5% -14% -8% $85,859,861
LSR Lodestar Minerals 0.007 -22% -61% -65% -78% $1,910,543
RLC Reedy Lagoon Corp. 0.0015 -25% -25% -25% -50% $1,165,060
EVR Ev Resources Ltd 0.0045 -25% -10% 50% -45% $8,936,265
LNR Lanthanein Resources 0.0015 -25% -25% -50% -70% $3,665,454
LNR Lanthanein Resources 0.0015 -25% -25% -50% -70% $3,665,454
SRN Surefire Rescs NL 0.003 -25% 0% -14% -70% $7,459,336
REE Rarex Limited 0.017 -32% -54% 55% 21% $15,216,071
AZL Arizona Lithium Ltd 0.0065 -35% 8% -54% -72% $34,257,044
PRL Province Resources 0 -100% -100% -100% -100% $0
POS Poseidon Nick Ltd 0 -100% -100% -100% -100% $23,380,727
AML Aeon Metals Ltd. 0 -100% -100% -100% -100% $5,482,003
LRS Latin Resources Ltd 0 -100% -100% -100% -100% $477,661,711
CAI Calidus Resources 0 -100% -100% -100% -100% $93,678,206
LTM Arcadium Lithium PLC 0 -100% -100% -100% -100% $1,994,929,982
Weekly Small Cap Standouts
Oceana Lithium (ASX:OCN)
This week the explorer secured commitments to raise $667,000 towards progressing its Aussie and Brazilian projects, and to identify and assess new complimentary project opportunities.
OCN holds the Napperby project in NT which covers around ~650km2 within within the Northern Arunta pegmatite province.
It also has the Solonópole project in Brazil where an exploration licence extension is pending for the promising Nera prospect.
'Securing additional funds ensures Oceana is well placed to progress the company's existing assets in Brazil and Australia, as well as continue to assess new project opportunities,' non-executive chairman Martin Helean said.
'We look forward to providing updates on exploration activities across our portfolio in the near term.
'We thank our existing shareholders for their ongoing support, and are pleased to welcome new shareholders to the company.'
Arizona Lithium (ASX:AZL)
AZL has secured approval from the Ministry of Energy and Resources in Saskatchewan, Canada for Phase 1 operations at its Prairie project, starting at 150tpa of lithium carbonate equivalent.
Prairie holds a 6.3Mt lithium carbonate equivalent resource over 345,000 acres of mineral rights and hosts an operational Koch Li-Pro direct lithium extraction (DLE) pilot plant – the largest ever deployed by Koch.
This approval represents a full commercial scale Direct Lithium Extraction (DLE) unit that can be replicated to increase production.
In addition to receiving project approvals, an updated well network model has been constructed for the resource, based on information acquired during the 2024 drilling and completion program, increasing the indicated resource that is producible per year by 120% to a new total of 17,000tpa LCE.
Astute Metals (ASX:ASE)
The company says drilling at its Red Mountain project in Nevada has delivered the highest-ever drill intersection to date, extending lithium mineralisation to a strike length of more than 5.6km.
The first of six diamond holes in the program returned an outstanding intersection of 8.6m grading 5060ppm lithium (2.69% lithium carbonate equivalent) from a down-hole depth of 67.7m within a broader 32.4m zone at 3260ppm lithium from 57.2m.
'This provides further indication that Red Mountain is unfolding as a lithium discovery of significance in North America. With mineralisation now defined by drilling over a strike length of almost 6 kilometres, we are looking forward to seeing what the remaining drill-holes will deliver,' chairman Tony Leibowitz said.
'The information obtained from this round of drilling should put us on a clear trajectory to advance Red Mountain towards a maiden JORC mineral resource estimate later this year.'
Delta Lithium (ASX:DLI)
Delta has expanded the footprint of its Yinnetharra lithium and tantalum project in Western Australia by acquiring Minerals 260 (ASX:MI6) adjacent Aston project.
This gives the company a dominant 3100km2 landholding in the Upper Gascoyne lithium province and grants a strong opportunity to undertake regional exploration immediately along strike of its existing deposits.
DLI will now start systematic geochemical sampling and mapping over priority areas as well as geophysical surveys.
The company is also spinning out its 1.1Moz Mt Ida gold project into the Simon Lill chaired Ballard Mining in a $25-30m IPO.