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Investing Guides
Drilling Commenced At Karibib Copper-Gold Project
August 28, 2022
Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce that it instructed Hammerstein Mining and Drilling to execute a 526m RC drilling program for 9 drill holes at the Karibib Copper-Gold Project in Namibia.
HIGHLIGHTS
- 526m (9-hole) Reverse Circulation (RC) Drilling program commenced
- Drilling targets focussed on lithologies known to contain mineralisation following comprehensive mapping and from previously attained grab sampling data
- Previous sampling reported a 20km x 2km metasedimentary structural feature, with mineralisation grades of:
- Average 4.32% Cu/1.49 g/t Au (Highest 28.4% Cu/7.65 g/t Au) in skarn-type, AND
- Average 1.94% Cu/2.06 g/t Au (Highest 5.69% Cu/26.3 g/t Au) in vein-type
- Aim of drilling program is to intersect significant mineralisation and to obtain a better understanding of the geology
- Geological environment similar to Navachab (5.3MozAu) and Twin Hills (2.1MozAu)1
Philip le Roux, the CEO of Arcadia stated: “Our focus with this drilling program is to test the geological horizons identified from our previously announced grab sampling program and recent comprehensive mapping, which horizons are considered most prospective for mineralisation based on previously received results. Once drilling has been completed, we should know a lot more about the tenor of mineralisation to shallow depths, which may warrant further drilling”.
Drilling Program
The drilling program is expected to consist of 9 drill holes drilled at a 60 degree inclination and at varied azimuths and depths dependent on the inferred geometry and geology of the targeted zone. Dependant on whether visual mineralisation is encountered in drill holes, an additional 3 holes will be drilled. A location map of the planned drill holes is attached hereto as Annexure 2.
On the 7th of September 2021 the Company announced2 results from a grab sampling program over an inferred 20 km x 2 km metasedimentary structural feature (See Figure 1 below). This structure contains similar geology than that encountered at the nearby Navachab Mine (5.3MozAu)3 and by various other explorers for gold mineralisation in the area, such as Osino Resources who developed its Twin Hills prospect4 (located 45km also within the Karibib gold belt) to contain a Mineral Resource of 2.1MozAu.
Results attained from the grab sampling program at Karibib were impressive, and were taken from lithology identified as either Skarn-type or Vein-type mineralisation:
Skarn-type mineralisation returned average copper mineralisation of 4.32 % Cu, with a highest value of 28.40% Cu. Average gold values of 1.49 g/t Au were returned, with a highest value of 7.65 g/t Au. Significant Silver mineralisation was also encountered (av. 50.50 g/t Ag with highest 453 g/t Ag) and up to 1% Tungsten.
Vein-type mineralisation returned average results of 1.94% Cu (highest 5.69% Cu), 2.06 g/t Au (highest 26.30 g/t Au) and 12.68 g/t Ag (highest 30.10 g/t Ag).
Both vein- and skarn-type mineralisation is known to contain economic mineralisation in the area5, and were encountered on or near the contact margins of large diorite intrusions.
Following the receipt of the high-grade sampling results and newly attained knowledge of the geology of the area, the Company conducted follow-up work by identifying locally occurring favourable geological settings which are likely to host diorite-proximal skarn- and vein-type mineralisation suitable for drilling.
Click here for the full ASX Release
This article includes content from Arcadia Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
AM7:AU
23 September 2022
Drilling Completed At Karibib Copper-Gold Project
Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce that its drilling contractor Hammerstein Mining and Drilling completed a 551m RC drilling program for 10 drill holes at the Karibib Copper- Gold Project in Namibia.
HIGHLIGHTS
- 551m (10-hole) Reverse Circulation (RC) Drilling program completed, with visual mineralisation encountered in 8 of the 10 holes
- Drilling only covered a 3km x 1km section of the 20km x 2km metasedimentary structure defined, where previous sampling included mineralisation grades of1:
- Average 4.32% Cu/1.49 g/t Au (Highest 28.4% Cu/7.65 g/t Au) in skarn-type, AND
- Average 1.94% Cu/2.06 g/t Au (Highest 5.69% Cu/26.3 g/t Au) in vein-type
- Visual inspection of RC-chip samples confirmed the interception of lithologies containing known mineralisation
- Mineralisation of sulphides and oxides (Chalcopyrite, Bornite, Pyrrhotite, Malachite and Azurite) were observed in RC-chip samples
- Samples dispatched to Scientific Services in Cape Town, South Africa for assay
- Results expected to be received by end of October 2022
- Electro-magnetic survey underway to delineate detailed structural features associated with mineralisation
The drilling program consisted of 10 drill holes drilled at a -60 and -75 degree inclination and at varied azimuths and depths dependent on the inferred geometry and geology of the targeted zone (refer to table 1 attached hereto as Annexure 1). Visual mineralisation was successfully encountered in drill holes KRC01, KRC02, KRC03, KRC07, KRC09, KRC10, KRC11 and KRC13. As a consequence, an additional hole was drilled to intersect mineralisation at deeper depth. Drilling only covered a 3km x 1km section of the 20km x 2km metasedimentary structure previously defined by a grab sampling program. A location map of the drilled holes is attached hereto as Annexure 2.
240 samples were taken from lithologies that are known to contain mineralisation in the area, and dispatched to Scientific Services in Cape Town, South Africa for assay. Results expected to be received by end of October 2022.
On the 7th of September 2021 the Company announced1 results from a grab sampling program over an inferred 20 km x 2 km metasedimentary structural feature. This structure contains similar geology than that encountered at the nearby Navachab Mine (5.3MozAu)2 and by various other explorers for gold mineralisation in the area, such as Osino Resources who developed its Twin Hills prospect3 (located 45km also within the Karibib gold belt) to contain a Mineral Resource of 2.1MozAu.
Click here for the full ASX Release
This article includes content from Arcadia Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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29 July 2022
Quarterly Activities Report – June Quarter 2022
Arcadia Minerals Limited (ASX:AM7, FRA:8OH) (Arcadia, AM7 or the Company), the diversified exploration company targeting a suite of battery metal projects aimed at Lithium, Tantalum, Nickel, Copper and Gold in Namibia, is pleased to provide its quarterly activities report for the period ending June 2022.
HIGHLIGHTS
- Bitterwasser Lithium Project: Final assay results for remaining 32 of the 64 holes drilled over the Eden Pan on a 500m grid received
- Bitterwasser Lithium Project: Regional investigation into Bitterwasser Lithium-in-clay and Lithium-in-brines minerals system defined extensive tectonic rift-related fault structures in a closed basin (the Kalkrand half-graben), similar to Clayton Valley in Nevada1
- Kum-Kum Nickel Project: Historical core samples obtained during investigation were sampled and returned the first known record of PGE and Au mineralisation in the ultramafic units of the Tantalite Valley Complex. The best results indicated mineralisation of2:
- 0.71% Ni, 0.28% Cu, 0.84 g/t Pd and 0.4 g/t Pt in orthopyroxenite
- 0.58% Ni, 0.30% Cu, 0.69 g/t Pd, 0.31 g/t Pt and 0.26% Au in orthopyroxenite
- Swanson Tantalum Project: Mineral Resource update delivers an estimate for a total indicated and inferred resource of 2.59Mt (an increase of 115%) at an average grade of 486 ppm Ta2O5 (an increase of 17.9%), 73 ppm Nb2O5 and 0.15 % Li2O.3 An Environmental Clearance Certificate and Mining Licence was also issued for the project.
1 Refer to ASX Announcement dated 09 May 2022 titled “Regional study advances work program for district scale Lithium in brines”
2 Refer to ASX Announcement dated 09 May 2022 titled “Kum-kum nickel project mineral systems approach results”
3 Refer to ASX Announcement dated 06 May 2022 titled “JORC Mineral Resource at Swanson Tantalum project doubles in size
SUMMARY OF MINING EXPLORATION FOR THE QUARTER
Bitterwasser Lithium Project
Assay results for the outstanding 32 drill holes from the 64-hole follow-up auger drilling campaign completed on 9 February 20224 over the Eden Pan was received during the quarter. All the drill holes commenced in the mineralised Upper Brown Clay Unit and every hole, except two drill holes where thin clay units were intercepted at the edges of the Eden Pan, were sampled from top to bottom up to a depth of 9.60m. Notably, the entire sequence of the drill holes sampled (i.e. Upper Brown Clay Unit and Middle Green Glay Unit) returned lithium mineralisation5.
The Middle Green Clay Unit, lithologically named the Middle-Unit (MU), comprises the dominant lithological unit from which the maiden Mineral Resource6 was derived. This green clay unit was intersected in 18 of the 32 drill holes from which assay results were received and extended from a depth of 1.4 m below surface to the maximum End-of-Hole (EOH) depth of 9.60m. A total of 43 holes from the 64-hole follow-up auger drilling campaign intersected the Middle Green Clay Unit at similar depths.
Figure1: Stacked cross section of the Eden Pan depicting drill-hole interpretation with reference to the existing Mineral Resource (green layers) and clay units intercepted in the follow-up auger drilling program.
4 Refer to ASX Announcement dated 10 March 2022 titled “Encouraging lithium drilling assay results at Bitterwasser”.
5 Refer to ASX Announcement dated 2 May 2022 titled “Final Lithium Drilling assay results at Bitterwasser”.
6 Refer to ASX Announcement dated 3 November 2021 titled “Arcadia acquires lithium project with JORC Mineral Resources”.
Click here for the full ASX Release
This article includes content from Arcadia Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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09 May 2022
Kum-Kum Nickel Project Mineral Systems Approach Results
Arcadia Minerals Ltd (ASX:AM7, FRA:8OH) (Arcadia or the Company), the diversified exploration company targeting a suite of projects aimed at Tantalum, Lithium, Nickel, Copper and Gold in Namibia, is pleased to announce that the Department of Earth Sciences at the University of Stellenbosch concluded a Minerals Systems Approach investigation over the Kum-Kum Ni-Cu-PGE Project Licenses and delivered a report to the Company styled “Geological overview and sulphide mineralization potential of the Tantalite Valley Complex” by Drs. Martin Klausen and Bjorn von der Heyden & Mr Daniel Ferreira, Department of Earth Sciences, Stellenbosch University, May 2022, and this report will be made available on the Company’s website at www.arcardiaminerals.global.
HIGHLIGHTS
- The Department of Earth Sciences at the University of Stellenbosch concluded a Minerals Systems Approach investigation over the Kum-Kum Ni-Cu-PGE Project Licenses
- During the investigation several historical documents containing exploration results over the Kum-Kum Project were discovered, which reported best historical borehole intersections from three boreholes drilled by Rio Tinto Exploration, Tantalite Valley Minerals and Southern Sphere between 1972 and 1976 as follows:
- 16.00 m @ 0.65% Ni, 0.16% Cu
- 6.00 m @ 0.61% Ni, 0.30% Cu
- 2.44 m @ 0.62% Ni, 0.30% Cu
- Historical core samples obtained were sampled and returned the first known record of PGE and Au mineralisation in the ultramafic units of the Tantalite Valley Complex. The best results indicated mineralisation of:
- 0.71% Ni, 0.28% Cu, 0.84 g/t Pd and 0.4 g/t Pt in orthopyroxenite
- 0.58% Ni, 0.30% Cu, 0.69 g/t Pd, 0.31 g/t Pt and 0.26% Au in orthopyroxenite
- The primary magmatic sulphides comprise of coarse-grained pentlandite, pyrrhotite, and chalcopyrite
- Whole rock geochemistry highlights the geochemical similarities between the TVC and the Kum-Kum complexes. The TVC crystallized as a mafic/ultramafic layered intrusion and likely from a primitive mantle-derived parental magma.
Philip le Roux, the CEO of Arcadia stated:
“Historical drilling results reporting high values of Nickel and Copper mineralisation attracted us to the Kum-Kum Project. From the work done by the team from the University of Stellenbosch it is evident that PGE and Au mineralisation is also present and that we are looking at a geological environment that possibly could contain a stratiform Ni-Cu-PGE disseminated sulphide ‘reef’ horizon. The prospect of possibly discovering a polymetallic (Ni, Cu, Au & PGE’s) deposit has increased the allure of the KumKum Project for us, which we will eagerly follow up with further exploration. The results of the study will assist the Company to focus its exploration efforts in order to define drill targets.”
Mineral Systems Approach Results
The Tantalite Valley Complex (TVC) has been subject to a geological study by a team from Arcadia and the University of Stellenbosch involving two field sampling campaigns (8 days; 94 field samples collected) augmented with detailed consideration of historical drill core segments (57 samples), and supporting data from historical records, hyperspectral mapping, and stream sediment sampling.
Collected field- and core- samples were subjected to a suite of analytical protocols including reflected- and transmitted-light optical petrography, whole-rock major and trace element chemistry, precious metal assays, sulphur isotope analyses, scanning electron microscopy with associated spectrometries and in-situ Laser Ablation Inductively Coupled Plasma Mass Spectrometry (LA-ICP-MS) of individual sulphide grains. Together, these results provide novel insights into the known mineralisation and prospectively of the TVC.
The TVC is a ~7 km long by 3.3 km wide and roughly oval-shaped mafic-ultramafic complex representing a fault-bound block inside a dextral Pofadder Shear Zone (PSZ) that cuts across southern Namibia. Existing geochronology places the TVC as a ~1.2 Ga intrusion and roughly coeval with a Kum Kum Klippe mafic complex that is located roughly 40 km south-east and along the strike of the PSZ.
Whole rock geochemistry highlights the geochemical similarities between the TVC and the Kum Kum suite, but with the former uniquely showing much stronger geochemical evidence for overwhelmingly cumulate rocks. This implies that the TVC crystallized as a significant mafic/ultramafic layered intrusion and likely from a primitive mantle-derived parental magma that originated from a metasomatized mantle.
Click here for the full ASX Release
This article includes content from Arcadia Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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25 October
6 Best-performing Lithium Stocks of 2024
Lithium market surpluses continued to suppress prices and hinder sector growth throughout Q3 2024, broad consolidation early in the quarter signaled a potential bottoming out.
Subsequently analysts forecasted a price recovery as EV sales exceeded expectations in September.
Projected demand growth prompted Sprott Insights to warn of a potential lithium shortage emerging as early as 2025, with demand, especially from China, set to rise 20 percent annually.
Jacob White, an analyst at Sprott Insights, pointed to the future demand trends as a catalyst for lithium market investment.
“The lithium battery industry is projected to create US$400 billion in annual revenue opportunities worldwide,” he wrote. “The lithium production component of the chain has recorded margins as high as 65 percent, potentially making it a highly profitable sector.”
White continued, “Lithium miners, in particular, may be well positioned as they can give leverage to rebounding lithium prices. In contrast, non-vertically integrated lithium processing/refining companies may see their expenses rise.”
The list below was generated using TradingView’s stock screener, and data was gathered on October 18, 2024. While US lithium companies were considered for the list, none were up year-to-date at the time data was gathered. All lithium stocks had market caps above $10 million in their respective currencies when data was gathered.
1. Q2 Metals (TSXV:QTWO)
Year-to-date gain: 408 percent
Market cap: C$174.5 million
Share price: C$1.27
Exploration firm Q2 Metals is exploring its flagship Mia lithium property in the Eeyou Istchee James Bay region of Québec, Canada. The property contains the Mia trend, which spans over 10 kilometers. Also included in Q2 Metals' portfolio is the Stellar lithium property, comprised of 77 claims and located 6 kilometers north of the Mia property.
This year, Q2 Metals has also focused on exploring the Cisco lithium property, which is situated in the same region. On February 29, the company entered into three separate option agreements to gain a 100 percent interest in Cisco, news that caused its share price to skyrocket; it reached a year-to-date high of C$0.54 on March 4. Q2 Metals closed the acquisition of Cisco in June and now wholly owns the project.
In mid-May, Q2 Metals released re-assayed results from 2023 drilling conducted at Cisco by the property's vendors. The company used the analytical method it has applied to its Mia drill cores.
“We are pleased with the positive outcome of the re-analysis of the Cisco drill results,” said Q2 Metals Vice President of Exploration Neil McCallum. “A thorough review of the quality control measures has solidified that the new results are more accurate than the original results previously announced. It’s not an unexpected change as the analytical methods now used are more accurate at higher grades above roughly 1.5 percent Li2O and we have several samples above that range.”
Later that month, the company announced the start of a summer drill program at the Cisco property. It has since released multiple significant updates, including the confirmation of eight new mineralized zones on July 8.
Company shares rose to a year-to-date high of C$1.48 on October 10, shortly after Q2 released drill results and core assays from the Cisco property. As of October 1, 17 holes covering 6,360 meters in total have been drilled.
Additionally, each drill hole encountered pegmatite with visible signs of spodumene mineralization, a key lithium-bearing mineral.
“These assays continue to validate the potential and scale of the Cisco Property as that of a larger mineralized system,” said Neil McCallum, VP exploration. “One important observation of these results is the higher-grade nature of the larger mineralized system as we test and track the system progressing to the south.”
On the corporate side, Q2 announced a C$7.5 million private placement on July 10. The placement, which was divided into two tranches, was successfully closed on August 9, 2024.
2. Volt Lithium (TSXV:VLT)
Year-to-date gain: 78.26 percent
Market cap: C$57.44 million
Share price: C$0.41
Volt Lithium is a lithium development and technology company aiming to become a premier North American lithium producer utilizing its unique technology to extract lithium from oilfield brine.
Shares of Volt reached a year-to-date high of C$0.49 on September 26.
On April 29, Volt announced a strategic investment of US$1.5 million by an unnamed company operating in the Delaware Basin in West Texas. This investment is earmarked for the deployment of a field unit to produce lithium hydroxide monohydrate using Volt's proprietary direct lithium extraction technology.
The company's share price retreated in the second half of Q2, but July 17 news that Volt increased its processing capacity at its operations in Alberta, Canada, by 100 fold to 96,000 liters per day caused its price to shoot up more than C$0.08 during trading that day.
An August announcement from Volt highlighted the deployment and subsequent production scale up of Volt’s DLE technology in the Permian Basin. The field unit has the capacity to process 200,000 liters (1,250 barrels) of oilfield brine per day on location in West Texas.
3. Lithium Chile (TSXV:LITH)
Year-to-date gain: 30.19 percent
Market cap: C$140.03 million
Share price: C$0.69
South America-focused Lithium Chile owns several lithium land packages in Chile and Argentina. Presently, the explorer is working to delineate the deposit at its Salar de Arizaro property in Argentina.
On April 9, Lithium Chile announced a 24 percent increase in the resource estimate for Salar de Arizaro. The new total for the project is 4.12 million metric tons (MT) of lithium carbonate equivalent, categorized as follows: 261,000 MT in the measured category, 2.24 million MT in the indicated category and 1.62 million MT in the inferred category.
Not long after, on April 18, the company reported the creation of two wholly owned Canadian subsidiaries — Lithium Chile 2.0 and Kairos Gold — as part of a spinout to separate its Chilean and Argentinian assets.
Lithium Chile will retain its Argentinian lithium projects, and transfer its 111,978 hectares of Chilean lithium properties to Lithium Chile 2.0 and its portfolio of gold assets in Chile to Kairos Gold.
In a July operational update for the Salar de Arizaro project the company highlighted high grade intercepts from hole ARGENTO-06.
1. Ioneer (ASX:INR)
Year-to-date gain: 73.33 percent
Market cap: AU$572.84 million
Share price: AU$0.26
Australia-listed Ioneer owns the Rhyolite Ridge lithium-boron project in Nevada, US. The project is considered the “sole lithium-boron deposit in North America.”
As part of the permitting process for the Rhyolite Ridge project, Ioneer completed and submitted the administrative draft environmental impact statement (EIS) to the US Bureau of Land Management (BLM) in mid-January. In mid-September, Ioneer announced that the BLM published the final EIS, moving the company closer to building its Rhyolite Ridge lithium-boron project.
According to the company, the milestone now makes Rhyolite Ridge the first lithium project under the Biden Administration to reach the advanced stage of the environmental permitting process.
“Since Ioneer’s work at Rhyolite Ridge began in 2016, we have listened to members of the community and adapted our plans to maximize the project’s many economic benefits while minimizing indirect impacts to the community and environment. Rhyolite Ridge is stronger because of the extensive collaboration and input from all involved stakeholders,” said Bernard Rowe, managing director at Ioneer.
2. Vulcan Energy Resources (ASX:VUL)
Year-to-date gain: 63.45 percent
Market cap: AU$920.24 million
Share price: AU$4.74
Europe-focused Vulcan Energy Resources aims to support a carbon-neutral future by producing lithium and renewable energy from geothermal brine. The company is currently developing the Zero Carbon lithium project in Germany's Upper Rhine Valley. Vulcan is utilising a proprietary alumina-based adsorbent-type direct lithium extraction process to produce lithium with an end goal of supplying sustainable lithium for the European EV market.
On April 11, Vulcan announced the commencement of lithium chloride production at its lithium extraction optimisation plant in Germany. According to the company, the milestone marks the first lithium chemical production in Europe using local supply. The plant consistently exhibited over 90 percent lithium extraction efficiency.
Vulcan will now prepare the 40 million euro facility for commercial production. The company already has binding lithium offtake agreements in place with major automakers and battery manufacturers, and expects to supply enough lithium for 500,000 EVs during the first phase of production.
During the third quarter, Vulcan received its first licenses for lithium and geothermal exploration in Alsace, France. The permits cover 463 square kilometres, expanding Vulcan's total licensed area in the Upper Rhine Valley to 2,234 square kilometres across France and Germany.
In early August, Vulcan began commissioning its downstream lithium hydroxide optimisation plant (CLEOP) near Frankfurt.
“In the coming months, Vulcan will begin to transport the first LiCl parcels from our upstream facility through to CLEOP for production of the first battery-grade lithium hydroxide products in Europe, all from a European lithium resource,” Vulcan CEO and Managing Director Cris Moreno said.
A mid-October release from Vulcan outlined a memorandum of understanding with industrial software designer AVEVA. The partnership will see AVEVA build a digital framework for Vulcan’s Zero Carbon lithium project.
3. Cygnus (ASX:CY5)
Year-to-date gain: 3.7 percent
Market cap: AU$53.17 million
Share price: AU$0.14
Cygnus Metals is an exploration company focused on advancing its Pontax, Auclair and Sakami lithium projects in the Eeyou Istchee James Bay lithium district of Québec, Canada. The company also owns rare earth element, lithium and base metal projects in Western Australia.
In July, Cygnus reported the completion of geophysical survey work at the Auclair lithium project. The resulting data “identified significant potential for growth” in the Pegasus zone.
Most recently, Cygnus entered into an agreement to a merger of equals with Canadian copper company Doré Copper Mining (TSXV:DCMC,OTCQB:DRCMF), which owns several copper assets in Québec. The statement says the merger creates “a Québec-focused critical minerals explorer and developer with high-grade copper and lithium resources."
“By combining the proven exploration and management skills of the Cygnus team with the high-grade copper resources and immense upside potential at the Chibougamau properties, we have the potential to unlock substantial value,” said David Southam, Cygnus’ executive chairman.
FAQs for investing in lithium
How much lithium is on Earth?
While we don't know how much total lithium is on Earth, the US Geological Survey estimates that global reserves of lithium stand at 22 billion metric tons. Of that, 9.2 billion MT are located in Chile, and 5.7 billion MT are in Australia.
Where is lithium mined?
Lithium is mined throughout the world, but the two countries that produce the most are Australia and Chile. Australia's lithium comes from primarily hard-rock deposits, while Chile's comes from lithium brines. Chile is part of the Lithium Triangle alongside Argentina and Bolivia, although those two countries have a lower annual output.
Rounding out the top five lithium-producing countries behind Australia and Chile are China, Argentina and Brazil.
What is lithium used for?
Lithium has many uses, including the lithium-ion batteries that power electric vehicles, smartphones and other tech, as well as pharmaceuticals, ceramics, grease, lubricants and heat-resistant glass. Still, it is largely the electric vehicle industry that is boosting demand.
How to invest in lithium?
Those looking to get into the lithium market have many options when it comes to how to invest in lithium.
Lithium stocks like those mentioned above could be a good option for investors interested in the space. If you’re looking to diversify instead of focusing on one stock, there is the Global X Lithium & Battery Tech ETF (NYSE:LIT), an exchange-traded fund (ETF) focused on the metal. Experienced investors can also look at lithium futures.
Unlike many commodities, investors cannot physically hold lithium due to its dangerous properties.
How to buy lithium stocks?
Through the use of a broker or an investing service such as an app, investors can purchase lithium stocks and ETFs that match their investing outlook.
Before buying a lithium stock, potential investors should take time to research the companies they’re considering; they should also decide how many shares will be purchased, and what price they are willing to pay. With many options on the market, it's critical to complete due diligence before making any investment decisions.
It's also important for investors to keep their goals in mind when choosing their investing method. There are many factors to consider when choosing a broker, as well as when looking at investing apps — a few of these include the broker or app's reputation, their fee structure and investment style.
Don’t forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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25 October
Quarterly Activities Report – to 30 September 2024
Metals Australia Limited (“Metals Australia”, the “Company” or “MLS”) is pleased to report its activities for theQuarter ended 30 September 2024 (“Quarter”):
Corporate
- The Company’s cash balance at the end of the Quarter was $16.02 million (Q4 $17.35 million), following net outflows of $1.33M, which included $1.17M spent on exploration, metallurgical test work and project studies. Staffing, consultant and administration costs, offset by interest on fixed term deposits resulted in net outflow of $159 K for the quarter. Please see details in the Appendix 5b.
Highlights
- Commenced and completed phase 1 of an exploration campaign at the Corvette River Project in the James Bay region of Quebec Canada1. The program was aimed at advancing three highly prospective Gold, Silver and base metals projects – Felicie, West Eade and East Eade. Post quarter end the company announced results from the program, further enhancing the potential of the three project areas at a time when gold prices have reached all-time highs. Further work for a Phase 2 field program is being planned.
- Announced comprehensive exploration plans for three Critical and Precious metals projects in Australia2, representing the beginning of the most significant exploration period in the company’s history. The projects include Warambie in WA’s Pilbara region (prospective for Gold, base metals and Lithium), Big Bell North Gold in WA’s Murchison Region and the Warrego East Copper, Gold and Bismuth project in the NT.
- Launched the Warambie aircore drilling program in the Pilbara in September3, following receipt of approvals from the regulator and land holder and the award of a competitively bid drilling tender.
- Launched Gravity and Soil sampling programs at the Big Bell North Gold project in the Murchison3, which together with an extensive aeromagnetic survey, recently completed, represented the most significant exploration ever undertaken on the tenements. Post quarter end, the company announced significant drill targets had been identified and that a 4500m air core drilling program was contracted to begin.
- Significantly advanced its Lac Carheil Graphite project in Quebec, Canada4 – Provided a comprehensive update on the Metallurgical test work program, the design of the Process Flow Sheet for the Flake graphite concentrates plant and the prefeasibility study during the quarter. Significant time was spent in Canada by the CEO, advancing the project with Government and key stakeholder groups. The Company also added to its project land bank, increasing the claims area held by more than 60%. The additional claims extend ground holdings on identified graphite trends as well as land provisioning for the placement of project infrastructure.
- In addition to the above work, the release of the Canadian Federal Governments Critical Minerals Strategy Annual Report 20245 during the quarter further highlighted the significance of our Lac Carheil Graphite project. The growing urgency to develop domestic supplies of graphite, including 5 graphite mines and CSPG refineries, is directly connected to the over 200 GWH of committed battery manufacturing plants in Canada. Four plants are progressing, including one in Quebec (Northvolt) and three in Ontario.
Exploration & Project Development Review
Canadian Projects:
Lac Carheil Graphite – Critical Minerals Project, Quebec, Canada:
During the Quarter the Company applied significant effort to the advancement of its flagship Critical Minerals project. Significant progress was made in key areas4, including metallurgical test work, design of flake graphite concentrates plant process flow sheet and the prefeasibility study for the project. In parallel, considerable engagement was undertaken with government and key stakeholders in Canada and within Quebec. Engagement with government also resulted in submissions for grant funding – both in Canada and the USA, with further applications under development to support funding for the project. The land holding for the project was also extended by 62%, by pegging additional claims, including extensions of identified graphite trends and provision of land for project infrastructure placement. The company continues to advance consultation in support of its drilling permit application, for which an Impact Exploration Assessment was completed and submitted in alignment with new regulatory requirements in Quebec. Consultation discussions in support of the project, including drilling, continue in an open and productive manner with all stakeholders. Metals Australia is aligned with the Canadian and Quebec governments commitment to ensuring that indigenous communities benefit holistically from critical minerals projects.
Further, the Company notes the release of the Canadian Federal Governments Critical Minerals Strategy Annual Report, 20245 and the significance that report attaches to Critical Mineral projects such as ours. A link to the report is available on our website. Of note is the urgency with which Canada is progressing to secure supply of critical and strategic minerals for a rapidly advancing battery manufacturing base. The report notes the commitments of major battery and car manufacturers to rapidly progress the production of over 200 GWH of battery production capacity, annually. The report outlines the requirement for 5 graphite mines and 5 coated spherical purified graphite plants (CSPG) – all of which are required to help supply the capacity planned, in construction or already in operation. The environment for critical mineral project development in Canada and the USA is rapidly accelerating – which positions the Lac Carheil Graphite project as one of increasing significance, given its potential to be one of the largest, highest grade graphite projects in North America.
Click here for the full ASX Release
This article includes content from Metals Australia Ltd, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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25 October
Lithium Universe Limited (ASX: LU7) – Trading Halt
Description
The securities of Lithium Universe Limited (‘LU7’) will be placed in trading halt at the request of LU7, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Tuesday, 29 October 2024 or when the announcement is released to the market.
ASX Compliance
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This article includes content from Lithium Universe, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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24 October
A$9 Million Equity Placing to Contribute to the Funding of the Ewoyaa Lithium Project
Atlantic Lithium Limited (AIM: ALL, ASX: A11, GSE: ALLGH, OTCQX: ALLIF, “Atlantic Lithium” or the “Company”), the Africa-focused lithium exploration and development company targeting the delivery of Ghana's first lithium mine, is pleased to announce the launch of an institutional placement (“Equity Placing”) of new fully paid ordinary shares of no par value each in the Company (“New Shares”) at an offer price of A$0.23 (equivalent to 11.73 pence) per New Share (“Issue Price”).
Highlights of the Equity Placing
- The Equity Placing will be undertaken by an institutional placement utilising the Company’s existing share authorities, launching today, to raise a minimum of A$9.0 million (£4.6 million/US$6.0 million). As part of the Equity Placing, the Company reserves the ability to accept oversubscriptions for up to A$3.0 million (£1.5 million/US$2.0 million).
- As part of the Equity Placing, the Company has received a signed commitment letter from Assore International Holdings Limited (“Assore”), the Company’s largest shareholder, to invest up to US$5 million (A$7.5 million/£3.9 million) through the purchase of up to 32,608,695 New Shares at the Issue Price (the “Assore Participation”).
- In addition, Executive Chairman Neil Herbert, Chief Executive Officer Keith Muller, and Non-executive Director Edward Koranteng, all Directors of the Company (the “Directors”), have provided an indication to invest up to A$290,000 in aggregate in the Equity Placing (the “Director Participation”). The Assore Participation and Director Participation are conditional on shareholder approval at the Company’s upcoming Annual General Meeting (“AGM”).
- Net proceeds from the Equity Placing will be used to contribute to funding the Company’s flagship Ewoyaa Lithium Project (“Ewoyaa” or the “Project”) in Ghana towards the Project Final Investment Decision (“Project FID”) and working capital requirements.
- The Equity Placing will be undertaken at a fixed issue price of A$0.23 (equivalent to 11.73 pence) per New Share, which represents a 11.5% discount to the last closing price of A$0.26 on 24 October 2024 on the ASX.
- Canaccord Genuity (Australia) Limited has been appointed as Lead Manager (“Lead Manager”) in connection with the Equity Placing. Wilsons Advisory & Stockbroking is acting as Co-Manager (“Co-Manager”).
Proposed Use of Proceeds
- Project Expenditure
- Optimisation and technical refinement of the Ewoyaa Definitive Feasibility Study (“DFS”);
- Expenditure related to advancing the Project through the remaining permitting activities to Project FID;
- Operational activities to achieve shovel readiness, including site preparation, relevant health and safety reports, the establishment of the Community Development Fund and the implementation of measures to manage and monitor Project impacts.
- Exploration
- Exploration of the highly prospective Rubino and Agboville licences in Côte d’Ivoire, as required under the terms of the licences.
- Working capital
- General working capital requirements.
Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said:
“With significant recent progress made at Ewoyaa, despite having been impacted by the delay in the parliamentary ratification of the Mining Lease, this institutional Equity Placing will see the Company funded to advance the Project towards FID and shovel-readiness.
“Funds will be allocated towards the optimisation of the Ewoyaa DFS, the advancement of the Project through the key permitting and operational activities before we can break ground at the Project.
“We warmly welcome Assore’s commitment to participate in the Equity Placing. As a cornerstone investor in Atlantic Lithium since its AIM listing, Assore’s participation further underscores its belief in the Company achieving its goal of delivering spodumene concentrate production at Ewoyaa.
“Alongside CEO Keith Muller and Non-executive Director Edward Koranteng, I am proud to also be participating in the Equity Placing. As Directors, we believe in the importance of putting our money where our mouth is. We have done so on many occasions to date and, at such a pivotal moment for the Project, we are proud to take the opportunity to extend our belief in the Company’s ambitions.
“We look forward to the completion of the Equity Placing, which will facilitate our next steps towards delivering Ghana’s first lithium mine.”
Click here for the full ASX Release
This article includes content from Atlantic Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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24 October
Atlantic Lithium Limited (ASX: A11) – Trading Halt
Description
The securities of Atlantic Lithium Limited (‘A11’) will be placed in trading halt at the request of A11, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 28 October 2024 or when the announcement is released to the market.
Issued by
ASX Compliance
Click here for the full ASX Release
This article includes content from Atlantic Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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24 October
Quarterly Activities and Cash Flow Report for the quarter ended 30 September 2024
Atlantic Lithium secures key permits to advance flagship Ewoyaa Lithium Project towards full permitting
Atlantic Lithium Limited (AIM: ALL, ASX: A11, OTCQX: ALLIF, “Atlantic Lithium” or the “Company”), the African-focused lithium exploration and development company targeting to deliver Ghana’s first lithium mine, is pleased to announce its Quarterly Activities and Cash Flow Report for the period ended 30 September 2024.
Highlights
Project Development:
- Post-period end, significant progress made towards the permitting of the Company’s flagship Ewoyaa Lithium Project (“Ewoyaa” or “the Project”) in Ghana:
- Granted a Mine Operating Permit, representing the final regulatory approval required prior to commencing construction of the Project.
- Issued a Land Use Certificate, detailing the approval of the land within the Project’s Mining Area to be rezoned for mining purposes, as required prior to commencing construction and mining activities.
- Environmental Protection Agency (“EPA”) environmental permit granted in respect of the Project.
- Ewoyaa Mining Lease submitted to parliament to undergo the necessary ratification process.
- Completion of the Front-End Engineering Design (“FEED”) package for the Project, undertaken with DRA Projects.
Exploration:
- Ewoyaa Mineral Resource Estimate increased to 36.8Mt at 1.24% Li2O1, reported in accordance with the JORC Code (2012).
- Completion of baseline soil and stream sediment sampling across the Rubino and Agboville exploration licences in Côte d’Ivoire.
- Completion of soil geochemical sampling across the Senya Beraku prospecting licence area in the eastern portion of the Company’s Cape Coast Lithium Portfolio in Ghana.
Corporate:
- Ongoing delay of parliament’s ratification of the Ewoyaa Mining Lease combined with the subdued lithium market environment continues to impact Final Investment Decision timing, Minerals Income Investment Fund’s (“MIIF”) Project-level investment and the Company’s competitive offtake partnering process to secure funding to sufficiently cover the Company’s allocation of development expenditure for the Project.
- Cash on hand at end of quarter was A$7.5m.
Commenting, Neil Herbert, Executive Chairman of Atlantic Lithium, said:
“Important steps have been made over recent months in line with our efforts to advance Ewoyaa towards full permitting. Signifying the support of the Minerals Commission, the EPA and our local stakeholders, the grant of the EPA permit and Mine Operating Permit, respectively, represent critical approvals in the permitting process and major de- risking milestones for the Project.
“The delay in ratification has impacted the offiake process and MIIF’s investment already and has forced us to make cuts to staff numbers and expenditure across various non-essential departments. Nevertheless, we remain confident in our ability to drive the Project through these headwinds towards construction and operation. We now await the ratification of the Mining Lease by Ghana’s parliament, which will enable us to move the Project towards Project FID.
“The parliamentary process is playing out in the public domain as we speak, and we appreciate shareholders’ patience as these developments unfold. We are prepared for all eventualities and will update shareholders as appropriate. In the meantime, we are continuing activities within our control to advance the Project.
“We are also pleased to have reported an increase to the Ewoyaa Mineral Resource to 36.8Mt at 1.24% Li2O1 during the period. Despite the drilling programme being focused on supporting our mine build activities, we identified the Dog- Leg target, which contributed an additional circa 891,000 tonnes to the enlarged Resource1. We believe that Ewoyaa holds significant potential for further resource increases. Our current focus, however, remains firmly on bringing the Project to production, which we consider to be the greatest driver of value for shareholders.
“With significant milestones in the advancement of the Project ahead, the coming period is set to be hugely important for the Company.
“We look forward to providing further updates in due course.”
Click here for the full ASX Release
This article includes content from Atlantic Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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