Lithium

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The best ASX lithium stocks based on year-to-date gains have performed well as strength in the lithium market holds strong.

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

Lithium prices jumped in 2021 and kicked off 2022 on a bright note as the electric vehicle revolution took centre stage around the world.

As a result of a surge in interest in battery metals, plenty of lithium companies listed on the Australian Securities Exchange (ASX) have already seen share price increases in the new year.

Here the Investing News Network takes a look at the top five ASX-listed lithium companies and their year-to-date gains. The list below was generated using TradingView’s stock screener on February 1, 2022, and includes companies that had market caps above AU$10 million at that time.


1. Global Lithium Resources

Year-to-date gain: 68.42 percent; current share price: AU$1.60

Global Lithium Resources (ASX:GL1) is an emerging lithium exploration company with two premier lithium projects in Western Australia — the 100 percent owned Marble Bar lithium project in the Pilbara region and an 80 percent interest in the Manna lithium project in the Goldfields region.

The company’s major shareholders include Yibin Tianyi Lithium, a joint venture between Suzhou TA&A Ultra Clean Technology (SZSE:300309) and CATL (SZSE:300750), the world’s largest electric vehicle battery producer.

2. Lithium Power International

Year-to-date gain: 65.22 percent; current share price: AU$0.76

Lithium Power International (ASX:LPI) is a pure-play lithium company focused on developing high-grade lithium mines in Chile and Australia. It holds a 51 percent stake in the Maricunga joint venture in Chile. A definitive feasibility study done for the project supports lithium carbonate production of 20,000 tonnes per annum over 20 years.

In Australia, Lithium Power International also holds interests in lithium tenements in the southwest and northwest regions of Western Australia.

3. Arizona Lithium

Year-to-date gain: 52.38 percent; current share price: AU$0.16

Arizona Lithium (ASX:AZL) is exploring and developing its 100 percent owned flagship Big Sandy lithium project, located in Arizona in the US Battery Corridor. The company also holds interest in the Lordsburg project.

A 2019 maiden mineral resource estimate for Big Sandy shows the indicated and inferred resources were at a total of 32.5 million tonnes grading 1,850 parts per million (ppm) lithium, or 320,800 tonnes of lithium carbonate equivalent, reported above an 800 ppm lithium cutoff.

4. Core Lithium

Year-to-date gain: 33.05 percent; current share price: AU$0.78

Core Lithium (ASX:CXO) is developing the Finniss lithium project, located near Darwin Port in the Northern Territory of Australia. In 2021, Core kicked off construction at Finniss following a final investment decision in September. Commissioning of the asset's dense media separation plant and the first production of lithium concentrate from the project are scheduled for Q4 2022.

Approximately 80 percent of the Finniss project’s initial output is covered under four year offtake agreements with Ganfeng Lithium (OTC Pink:GNENF,SZSE:002460), one of the world’s largest lithium producers by production capacity, and Yahua, a key lithium supplier to Tesla (NYSE:TSLA).

5. Jindalee Resources

Year-to-date gain: 15.45 percent; current share price: AU$2.54

Jindalee Resources (ASX:JRL) is an exploration company with direct and indirect exposure to lithium, gold, base and strategic metals, iron ore, uranium and magnesite through projects generated by the company’s technical team.

In Australia, Jindalee’s Widgiemooltha project has potential for pegmatite-hosted lithium mineralisation, similar to the nearby Mount Marion and Bald Hill lithium mines. It also owns two lithium sediment projects in the US.

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: Lithium Power International is a client of the Investing News Network. This article is not paid-for content.

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