Friday, 10 March 2023

Eye on Lithium: Australia’s pipeline of battery energy storage projects now the largest after China

by Berkeley Lovelace

  • Australia’s battery pipeline is second only to China
  • Piedmont and Atlantic Lithium in trading halt pending a response to an online report by US short seller Blue Orca Capital
  • Lord Resources kicks off 5,000m reverse circulation drilling program at Horse Rocks lithium project

All your lithium news, Thursday March 9.

 

According to research firm BloombergNEF, Australia has at least 250 planned battery developments with a potential capacity of almost 130,000 megawatt hours in a pipeline that’s second only to China, thanks to the closure of major coal fired plants over the next decade.

Eye on Lithium: Australia’s pipeline of battery energy storage projects now the largest after China
Pic: BNEF

Although most projects are at an early planning stage and may not complete either financing or permitting, BNEF says the country is forecast to lift installations this year and in 2024.

“Battery sites are also generating more revenue in Australia and benefited from increased volatility in the nation’s power market in 2022,” the research firm said in a report this month.

 

Here’s how ASX lithium stocks are tracking:

CODE COMPANY PRICE % TODAY MARKET CAP
M2R Miramar 0.06 20% $3,534,087
MM1 Midasmineralsltd 0.175 17% $8,569,765
LRD Lordresourceslimited 0.22 13% $6,491,964
G88 Golden Mile Res Ltd 0.018 13% $3,273,436
SRZ Stellar Resources 0.011 10% $10,046,309
QPM Queensland Pacific 0.12 9% $192,098,271
TKM Trek Metals Ltd 0.078 8% $26,204,046
LPD Lepidico Ltd 0.015 7% $106,928,804
MMC Mitremining 0.265 6% $8,996,275
BMM Balkanminingandmin 0.365 6% $15,446,345
OCN Oceanalithiumlimited 0.365 6% $12,562,830
EUR European Lithium Ltd 0.074 6% $101,446,742
ASN Anson Resources Ltd 0.215 5% $241,764,686
LTR Liontown Resources 1.695 5% $3,561,496,505
DRE Dreadnought Resources Ltd 0.071 4% $223,973,519
VUL Vulcan Energy 6.55 4% $902,208,043
PLS Pilbara Min Ltd 4.26 4% $12,291,855,428
A8G Australasian Metals 0.155 3% $6,175,574
PAT Patriot Lithium 0.315 3% $18,494,438
LKE Lake Resources 0.635 3% $873,265,992
CXO Core Lithium 1 3% $1,799,366,290
JRL Jindalee Resources 2.68 3% $149,185,312
TON Triton Min Ltd 0.035 3% $47,014,662
AZI Altamin Limited 0.07 3% $26,636,739
PAM Pan Asia Metals 0.36 3% $51,399,457
EMS Eastern Metals 0.072 3% $2,734,509
MNS Magnis Energy Tech 0.36 3% $339,616,019
IGO IGO Limited 13.805 3% $10,170,106,729
AKE Allkem Limited 12.435 3% $7,728,416,002
GLN Galan Lithium Ltd 1.19 3% $356,021,870
GSM Golden State Mining 0.04 3% $4,563,554
FG1 Flynngold 0.082 3% $8,229,883
WR1 Winsome Resources 2.07 2% $327,305,684
NMT Neometals Ltd 0.705 2% $381,391,411
SYA Sayona Mining Ltd 0.245 2% $2,086,851,431
MIN Mineral Resources. 88.97 2% $16,809,919,722
ZEO Zeotech Limited 0.062 2% $100,083,046
INR Ioneer Ltd 0.345 1% $713,435,011
SGQ St George Min Ltd 0.07 1% $57,779,603
RDT Red Dirt Metals Ltd 0.4 1% $175,738,459
AGY Argosy Minerals Ltd 0.7075 1% $983,085,249
ESS Essential Metals Ltd 0.49 1% $129,769,847
TMB Tambourahmetals 0.1 1% $4,078,067
LLL Leolithiumlimited 0.54 1% $527,861,448
WES Wesfarmers Limited 50.24 1% $56,631,581,904
ADV Ardiden Ltd 0.007 0% $18,818,347
AVZ AVZ Minerals Ltd 0.78 0% $2,752,409,203
INF Infinity Lithium 0.11 0% $50,885,130
LIT Lithium Australia 0.0385 0% $47,015,879
LPI Lithium Pwr Int Ltd 0.345 0% $217,038,658
MLS Metals Australia 0.043 0% $26,102,556
PLL Piedmont Lithium Inc 0.875 0% $378,681,625
RLC Reedy Lagoon Corp. 0.008 0% $4,533,757
TKL Traka Resources 0.006 0% $4,336,647
ARN Aldoro Resources 0.22 0% $24,840,710
CHR Charger Metals 0.335 0% $14,644,313
AX8 Accelerate Resources 0.026 0% $9,817,646
AM7 Arcadia Minerals 0.225 0% $10,507,026
LRV Larvottoresources 0.17 0% $11,433,303
RAG Ragnar Metals Ltd 0.015 0% $5,687,773
CTN Catalina Resources 0.006 0% $7,430,921
EMC Everest Metals Corp 0.085 0% $9,046,814
WML Woomera Mining Ltd 0.013 0% $12,430,096
AZL Arizona Lithium Ltd 0.058 0% $141,665,269
LRS Latin Resources Ltd 0.115 0% $253,190,316
KZR Kalamazoo Resources 0.17 0% $25,469,294
STM Sunstone Metals Ltd 0.032 0% $83,854,285
PGD Peregrine Gold 0.43 0% $16,672,772
AVW Avira Resources Ltd 0.003 0% $6,401,370
LSR Lodestar Minerals 0.004 0% $6,953,749
AOA Ausmon Resorces 0.006 0% $5,815,736
VKA Viking Mines Ltd 0.0105 0% $10,765,214
IPT Impact Minerals 0.0085 0% $21,091,650
SRI Sipa Resources Ltd 0.025 0% $5,703,953
VMC Venus Metals Cor Ltd 0.145 0% $25,821,409
RGL Riversgold 0.019 0% $17,963,887
ZNC Zenith Minerals Ltd 0.225 0% $79,133,860
EPM Eclipse Metals 0.018 0% $36,505,076
EVR Ev Resources Ltd 0.015 0% $14,039,761
WC8 Wildcat Resources 0.028 0% $18,536,636
AOU Auroch Minerals Ltd 0.051 0% $21,820,102
XTC Xantippe Res Ltd 0.006 0% $63,480,598
WMC Wiluna Mining Corp 0.205 0% $74,238,031
ALY Alchemy Resource Ltd 0.016 0% $18,849,220
DAF Discovery Alaska Ltd 0.03 0% $6,727,041
FTL Firetail Resources 0.135 0% $8,775,000
IR1 Irismetals 1.16 0% $74,506,800
LNR Lanthanein Resources 0.018 0% $20,188,360
DAL Dalaroometalsltd 0.069 0% $2,061,375
A11 Atlantic Lithium 0.65 0% $393,732,079
CMD Cassius Mining Ltd 0.033 0% $13,480,266
VSR Voltaic Strategic 0.019 0% $5,838,704
LLO Lion One Metals Ltd 0.975 0% $11,708,739
GT1 Greentechnology 0.75 -1% $144,007,487
LEL Lithenergy 0.71 -1% $43,007,250
LLI Loyal Lithium Ltd 0.325 -1% $19,482,975
PNN Power Minerals Ltd 0.405 -1% $29,620,796
MRR Minrex Resources Ltd 0.0305 -2% $33,630,893
AS2 Askarimetalslimited 0.57 -2% $28,708,567
GL1 Globallith 1.575 -2% $342,143,076
DTM Dart Mining NL 0.042 -2% $6,691,684
IMI Infinitymining 0.18 -3% $14,148,489
RIO Rio Tinto Limited 121.43 -3% $46,357,480,804
MXR Maximus Resources 0.035 -3% $11,486,008
SCN Scorpion Minerals 0.063 -3% $22,470,902
AAJ Aruma Resources Ltd 0.06 -3% $9,731,613
TUL Tulla Resources 0.21 -3% $46,294,538
LIS Lisenergylimited 0.25 -4% $43,137,689
CRR Critical Resources 0.045 -4% $74,953,479
AML Aeon Metals Ltd. 0.022 -4% $25,217,214
BYH Bryah Resources Ltd 0.022 -4% $6,468,830
CAI Calidus Resources 0.22 -4% $101,096,693
TYX Tyranna Res Ltd 0.022 -4% $55,347,782
TEM Tempest Minerals 0.021 -5% $11,143,063
WCN White Cliff Min Ltd 0.0105 -5% $8,624,599
BNR Bulletin Res Ltd 0.1 -5% $30,827,066
KGD Kula Gold Limited 0.018 -5% $6,863,026
QXR Qx Resources Limited 0.036 -5% $34,080,768
KAI Kairos Minerals Ltd 0.017 -6% $35,353,683
CZL Cons Zinc Ltd 0.017 -6% $8,682,441
KTA Krakatoa Resources 0.033 -6% $12,064,847
RAS Ragusa Minerals Ltd 0.091 -6% $13,832,082
PSC Prospect Res Ltd 0.22 -6% $108,630,974
CY5 Cygnus Metals Ltd 0.34 -7% $67,114,087
MQR Marquee Resource Ltd 0.027 -7% $9,489,018
NVA Nova Minerals Ltd 0.47 -7% $106,499,337
GW1 Greenwing Resources 0.235 -8% $37,806,011
NWM Norwest Minerals 0.034 -8% $8,217,973
THR Thor Energy PLC 0.0055 -8% $8,868,677
MTM Mtmongerresources 0.1 -9% $7,783,627
ENT Enterprise Metals 0.009 -10% $7,050,807
EMH European Metals Hldg 0.62 -10% $86,938,214
RMX Red Mount Min Ltd 0.004 -11% $10,223,330
FRS Forrestaniaresources 0.115 -12% $7,915,869
EFE Eastern Resources 0.015 -12% $21,113,090
1MC Morella Corporation 0.0095 -14% $67,084,385
AUN Aurumin 0.031 -40% $9,295,427

A total of 45 lithium companies finished in the green, 48 fell flat, and another 44 tumbled into the red zone.

 

Who’s got news out?

PIEDMONT LITHIUM (ASX:PLL), ATLANTIC LITHIUM (ASX:A11)

Both Piedmont and Atlantic Lithium are in trading halts pending a response to an online report by US short seller Blue Orca Capital who claims the Ewoyaa lithium project in Ghana, where Piedmont expects to be receiving spodumene concentrate for a Tennessee lithium plant from 2025, is unlikely to ratified.

It claims “tens of millions” of dollars (actually $730,000 plus a future production royalty) were paid to a company owned by the son of a prominent Ghanaian Asiedu Nketiah, known colloquially as General Mosquito, during the acquisition of the mine.

 

LORD RESOURCES (ASX:LRD)

A 5,000m reverse circulation drilling program is underway at Lord Resources’ Horse Rocks Lithium project in Western Australia to test five high priority geochemical anomalies.

The company hopes to determine the orientation of the mapped pegmatites, along with the geometry of potential mineralisation.

 

BATTERY AGE MINERALS (ASX:BM8)

Battery Age Minerals has awarded the drilling contract for its maiden program at the Falcon Lake Lithium project in Manitoba, Canada to Rodren Drilling.

Final planning and mobilisation activities for the maiden drilling program are now well underway, with drilling operations expected to commence in 4-6 weeks.

 

KRAKATOA RESOURCES (ASX:KTA)

Krakatoa has delivered a sizeable maiden resource estimate of 5Mt at 0.14% rubidium and 0.05% lithium at the company’s King Tamba project in Western Australia.

The company says the size of the mineral resource estimate has come in beyond expectations and larger than its exploration target.

“2023 is shaping up to be a busy year at King Tamba and completion of the maiden mineral resource estimate allows the company to commence strategic discussions with end users and industry groups related to potential development, funding, off-take arrangements, and downstream processing opportunities,” KTA CEO Mark Major says.

 

BALKAN MINING AND MINERALS (ASX:BMM)

Balkan Mining and Minerals has entered into a binding purchase and sale agreement to acquire 100% of the Barbara Lithium exploration project located in the Thunder Bay North Mining District of Ontario, Canada.

“With this acquisition, we expand our portfolio footprint in Ontario to 120km further demonstrating our commitment to the region,” BMM managing director Ros Cotton says.


The post Eye on Lithium: Australia’s pipeline of battery energy storage projects now the largest after China appeared first on Stockhead.

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