Lithium

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The best ASX lithium stocks based on year-to-date gains have performed well alongside a strong 2021 for lithium.

Click here to read the previous best ASX lithium stocks article.

Lithium prices jumped in 2021, as the electric vehicle revolution took centre stage around the world.

As a result of surging interest in battery metals, the Australian Securities Exchange (ASX) saw plenty of lithium companies experience increases in their share prices through the year.

Here the Investing News Network takes a look at the five top ASX-listed lithium companies by year-to-date gains. The list below was generated using TradingView’s stock screener on December 30, 2021, and includes companies that had market caps above AU$10 million at that time.


1. Sayona Mining

Year-to-date gain: 1,389.63 percent; current share price: AU$0.13

Sayona Mining (ASX:SYA) is an emerging lithium producer with projects in Western Australia and Canada.

In Quebec, together with strategic partner Piedmont Lithium (ASX:PLL), Sayona has successfully acquired North American Lithium, gaining access to a lithium mine and concentrator that it plans to integrate with its nearby Authier lithium project, as well as its emerging Tansim lithium project.

Sayona has also announced the acquisition of a 60 percent stake in the Moblan lithium project in Northern Quebec, located in the established lithium-mining jurisdiction of Eeyou‐Istchee James Bay.

In Western Australia's Pilbara region, the company holds a large portfolio that is prospective for gold and lithium.

2. Lake Resources

Year-to-date gain: 1,249.32 percent; current share price: AU$0.98

Lake Resources (ASX:LKE) is using clean direct-extraction technology for the development of sustainable, high-purity lithium from its flagship Kachi project, as well as three other lithium brine projects in Argentina.

Lake’s four projects cover 2,200 square kilometres in a prime location within the Lithium Triangle, where 40 percent of the world’s lithium is produced at the lowest cost.

Lake’s technology partner is California-based Lilac Solutions, whose cost-competitive technology has been backed by the Bill Gates-led Breakthrough Energy Fund and the Massachusetts Institute of Technology's Engine Fund.

3. Arizona Lithium

Year-to-date gain: 1,011.11 percent; current share price: AU$0.10

Arizona Lithium (ASX:AZL) is focused on the exploration and development of its 100 percent owned flagship Big Sandy lithium project, located in Arizona in the US Battery Corridor.

A 2019 maiden mineral resource estimate shows total indicated and inferred resources stand at a total of 32.5 million tonnes grading 1,850 parts per million (ppm) lithium, or 320,800 tonnes of lithium carbonate equivalent (LCE), reported above an 800 ppm lithium cut off. The company also holds interest in the Lordsburg project.

4. Galan Lithium

Year-to-date gain: 414.29 percent; current share price: AU$1.98

Galan Lithium (ASX:GLN) is an Australia-based international mining company that is focused on its lithium brine projects located in the Hombre Muerto Basin in Argentina.

The company’s flagship Hombre Muerto West project hosts some of Argentina’s highest-grade and lowest-impurity levels with an inventory of 2.3 million tonnes of LCE. Galan’s secondary project is Candelas, which has the potential to host a substantial volume of brine, with a 2019 maiden resource estimate of 685,000 tonnes of LCE.

In January 2021, Galan acquired 80 percent of the Greenbushes South lithium project from Lithium Australia (ASX:LIT,OTC Pink:LMMFF).

5. Liontown Resources

Year-to-date gain: 386.76 percent; current share price: AU$1.65

Liontown Resources (ASX:LTR) bills itself as a future Australian lithium producer, with two lithium projects in Western Australia, including its flagship Kathleen Valley project.

An updated prefeasibility study confirms the technical and financial viability of a standalone 2 million tonne per year mining and processing operation at Kathleen Valley, based on an updated ore reserve of 71 million tonnes at 1.4 percent lithium oxide and 130 ppm tantalum pentoxide.

The company is now moving onto a definitive feasibility study focused on spodumene concentrate production.

Don’t forget to follow us @INN_Australia for real-time updates!

Securities Disclosure: I, Priscila Barrera, currently hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: Lake Resources, Galan Lithium and Piedmont Lithium are clients of the Investing News Network. This article is not paid-for content.

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