High Voltage: Another junior has gone bust, could this mean lithium has bottomed out?

Stockheads2024-12-06

Lepidico appoints administrators amid lithium price crunch Company failed to find financing for Karibib project in Namibia Comes amid a swathe of mine closures and job losses Our High Voltage column ...

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Previously Platypus Minerals, Lepidico backdoored its way onto the ASX to commercialise the L-Max technology.It was a processing method intended to disrupt the industry by producing low-cost chemicals for EVs from lower grade lithium-bearing micas like lepidolite and zinnwaldite.That would have created a third source of supply along side higher grade Australian spodumene and South American brines.As it happens, those types of lithium deposits have become a major source of market supply but using fast moving Chinese technology both in the Middle Kingdom and in Africa.A DFS ","collect":0,"end_time":0,"defaultTopTitle":"stockhead.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"EM":"怪兽充电","BK4539":"次新股","BK4505":"高瓴资本持仓","BK4076":"电脑与电子产品零售"},"translate_title":"高压：又一家初级公司破产了，这是否意味着锂已经触底？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EM":1},"content_text":"Lepidico appoints administrators amid lithium price crunch\nCompany failed to find financing for Karibib project in Namibia\nComes amid a swathe of mine closures and job losses \nOur High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium.One of the early lithium players Lepidico (ASX:LPD) has called in the administrators, after failed attempts to secure financing for the planned Karibib project in Namibia and a mineral concentrator in Abu Dhabi.The company holds 80% of Karibib, which has a resource of 11.87 million tonnes grading 0.45% Li2O and had planned to build a 5600tpa chemical conversion plant.LPD had been trying to lock in financing and offtake ahead of first production in 2025, but it looks like the company is following in the footsteps of other lithium players who are pulling the plug, closing mines and shedding jobs due to low lithium prices this year.Phase 1 of the project had a base case NPV8% of US$530m and IRR of 42% at a long-term lithium hydroxide price of US$22,840/t.This was based on  – previously – fairly conservative lithium pricing which saw the NPV8% range from a downside scenario of US$452m ($675m) based on a US$16,800/t lithium hydroxide price to an upside figure of US$703m ($1,050m) based on a lithium hydroxide price of US$32,350/t.But prices have fallen sharply since then. They dropped under US$9000/t in October at their nadir.They’ve since staged as baby bounce to US$9500/t according to Fastmarkets, with converters and downstream battery materials players in restocking season ahead of Christmas and Chinese New Year.Hydroxide prices have also trailed carbonate, the other mainstream battery grade lithium chemical.Could this be a sign the market has hit rock (pun intended) bottom? Only time will tell.Ledpidico and subsidiaries Lepidico Holdings, Bright Minz, Li-Technology, Mica Exploration Areas and Silica Technology have now all been appointed administrators Richard Tucker and Paul Pracilio of KordaMentha.The administrators intend to continue the sale and recapitalisation campaign that the companies had begun prior to their appointment.The second lithium bottomLepidico is an interesting tale. Previously Platypus Minerals, Lepidico backdoored its way onto the ASX to commercialise the L-Max technology.It was a processing method intended to disrupt the industry by producing low-cost chemicals for EVs from lower grade lithium-bearing micas like lepidolite and zinnwaldite.That would have created a third source of supply along side higher grade Australian spodumene and South American brines.As it happens, those types of lithium deposits have become a major source of market supply but using fast moving Chinese technology both in the Middle Kingdom and in Africa.A DFS on Karibib initially came in 2020 in the midst of the previous lithium winter, but LPD only ever topped out at 5c in the recovery, eventually falling to 0.2c and taken during its second cold spell.Relatively few operating companies in the lithium space have gone under in this downturn, having banked cash from investors and operations in the last boom, many are trimming the fat.Albemarle is cutting 6-7% of its global workforce amid ongoing losses and has paused construction at two of its three previously approved trains at the Kemerton hydroxide plant in WA.MinRes has put the Bald Hill mine on ice, Pilbara Minerals is halting the smaller Ngungaju plant at its Pilgangoora mine and Arcadium Lithium, soon to be acquired by Rio Tinto, will close the Mt Cattlin mine near Ravensthorpe next year, while Liontown Resources has slowed the pace of expansion at its new Kathleen Valley operation.Battery Metals Winners and LosersHere’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% 0% $17,528,272 MTM MTM Critical Metals 0.15 121% 88% 241% 500% $63,024,360 EUR European Lithium Ltd 0.062 107% 97% 35% -15% $86,683,604 PTR Petratherm Ltd 0.295 90% 467% 1375% 656% $117,494,704 ARN Aldoro Resources 0.135 69% 63% 99% 63% $17,501,087 BM8 Battery Age Minerals 0.125 51% 28% -29% -40% $13,739,509 DM1 Desert Metals 0.025 39% -19% 19% -36% $6,901,068 ESR Estrella Res Ltd 0.022 38% 38% 450% 340% $34,218,694 LPD Lepidico Ltd 0.002 33% 0% -33% -75% $17,178,371 YAR Yari Minerals Ltd 0.004 33% 0% 0% -69% $1,447,073 TVN Tivan Limited 0.07 32% 46% 23% -13% $132,563,841 GED Golden Deeps 0.033 27% 10% -18% -31% $4,697,193 VR8 Vanadium Resources 0.033 27% -18% -49% -27% $19,691,882 MHK Metalhawk. 0.37 26% 106% 598% 139% $41,197,551 CZN Corazon Ltd 0.0025 25% -58% -69% -85% $1,919,764 EGR Ecograf Limited 0.095 23% 14% -39% -41% $36,330,546 PMT Patriotbatterymetals 0.29 21% -23% -66% -73% $177,014,601 MEK Meeka Metals Limited 0.082 21% 17% 122% 86% $188,631,702 ADD Adavale Resource Ltd 0.003 20% 50% -40% -63% $3,087,330 CRI Criticalim 0.012 20% 20% -56% 4% $29,395,470 RXL Rox Resources 0.185 19% 12% 16% -15% $87,537,455 VRC Volt Resources Ltd 0.0035 17% -13% -22% -50% $14,555,373 KGD Kula Gold Limited 0.007 17% 0% -42% -72% $4,502,483 CRR Critical Resources 0.007 17% 0% -36% -71% $17,023,742 RGL Riversgold 0.0035 17% -13% -53% -78% $4,882,388 TMX Terrain Minerals 0.0035 17% 17% 17% -30% $6,300,101 BCA Black Canyon Limited 0.067 16% 16% -46% -44% $5,868,130 KM1 Kalimetalslimited 0.1325 15% -12% -66% 0% $10,179,660 TKM Trek Metals Ltd 0.023 15% -26% -39% -49% $10,922,580 HAS Hastings Tech Met 0.32 14% 10% 49% -51% $56,056,102 GRL Godolphin Resources 0.016 14% -6% -41% -58% $4,743,168 TOR Torque Met 0.049 14% -26% -75% -73% $12,732,860 SYR Syrah Resources 0.26 13% -7% -44% -54% $258,722,942 SYR Syrah Resources 0.26 13% -7% -44% -54% $258,722,942 LRV Larvottoresources 0.565 13% -14% 528% 606% $203,531,713 NC1 Nicoresourceslimited 0.11 12% -4% -27% -63% $10,945,058 PURDD Pursuit Minerals 0.14 12% -7% -44% -65% $7,997,880 ICL Iceni Gold 0.061 11% 33% -15% -2% $16,089,479 FGR First Graphene Ltd 0.031 11% -23% -45% -54% $19,429,696 ASM Ausstratmaterials 0.52 11% -4% -46% -61% $89,753,220 INF Infinity Lithium 0.032 10% 3% -42% -71% $14,340,355 BMM Balkanminingandmin 0.055 10% 8% -17% -59% $4,732,228 TEM Tempest Minerals 0.0055 10% -8% -39% -28% $3,136,349 KTA Krakatoa Resources 0.011 10% 10% -31% -74% $5,193,179 GBR Greatbould Resources 0.046 10% -2% -21% -36% $33,391,080 DVP Develop Global Ltd 2.145 9% -13% -3% -28% $573,087,932 SCN Scorpion Minerals 0.012 9% -25% -37% -70% $4,913,474 CNB Carnaby Resource Ltd 0.39 8% 4% -31% -45% $67,055,526 ETM Energy Transition 0.026 8% 18% -19% -38% $38,035,134 EMC Everest Metals Corp 0.135 8% 0% 8% 55% $24,216,804 A8G Australasian Metals 0.084 8% -11% -3% -51% $4,326,001 FRS Forrestaniaresources 0.014 8% -13% -70% -55% $3,262,867 SRI Sipa Resources Ltd 0.014 8% -18% -7% -39% $3,194,214 MQR Marquee Resource Ltd 0.014 8% -13% 8% -50% $5,829,381 ENV Enova Mining Limited 0.007 8% -7% -65% -22% $6,402,041 STK Strickland Metals 0.087 7% 19% -21% -52% $198,667,327 QPM QPM Energy Limited 0.046 7% 35% 31% -12% $115,974,227 ASL Andean Silver 1.055 7% -19% 62% 277% $166,180,180 RR1 Reach Resources Ltd 0.0085 6% -39% -35% -63% $7,432,666 RR1 Reach Resources Ltd 0.0085 6% -39% -35% -63% $7,432,666 KNG Kingsland Minerals 0.18 6% -14% -10% -29% $13,786,573 NWM Norwest Minerals 0.02 5% 11% -38% -33% $10,672,629 GL1 Globallith 0.21 5% -2% -40% -83% $53,420,517 ZNC Zenith Minerals Ltd 0.043 5% -14% -28% -69% $16,995,873 CLA Celsius Resource Ltd 0.011 5% 5% 10% -15% $28,281,270 ATM Aneka Tambang 0.9 5% -5% -17% -24% $1,173,284 IPT Impact Minerals 0.0115 5% -12% -39% 10% $33,653,771 IPX Iperionx Limited 4.67 4% 39% 92% 231% $1,366,446,426 COB Cobalt Blue Ltd 0.071 4% -24% -17% -74% $29,995,707 OCN Oceanalithiumlimited 0.027 4% -10% -32% -76% $2,144,948 REC Rechargemetals 0.027 4% -4% -29% -74% $3,631,939 LYC Lynas Rare Earths 7.125 4% -10% 6% 11% $6,842,137,114 IGO IGO Limited 5.03 3% -6% -29% -37% $3,816,629,778 WCN White Cliff Min Ltd 0.0165 3% -8% -3% 38% $30,247,532 BC8 Black Cat Syndicate 0.74 3% 32% 147% 151% $409,438,065 BNR Bulletin Res Ltd 0.042 2% -5% -9% -68% $11,157,306 IDA Indiana Resources 0.1075 2% -2% 41% 80% $66,766,484 MIN Mineral Resources. 34.365 2% -6% -51% -43% $6,897,803,000 BHP BHP Group Limited 40.66 2% -5% -8% -14% $208,283,643,767 PBL Parabellumresources 0.051 2% -15% 16% -85% $3,115,000 KOB Kobaresourceslimited 0.076 1% -11% -49% -1% $12,050,683 L1M Lightning Minerals 0.077 1% 20% -13% -49% $7,956,281 MLX Metals X Limited 0.405 1% -16% -10% 53% $363,137,504 NIC Nickel Industries 0.8925 0% -3% -7% 26% $3,860,828,892 PVW PVW Res Ltd 0.016 0% -33% -30% -69% $3,182,476 QXR Qx Resources Limited 0.0045 0% -10% -55% -84% $5,760,350 RIL Redivium Limited 0.0025 0% -20% 0% -33% $6,867,137 MRD Mount Ridley Mines 0.001 0% 0% 0% -50% $7,784,883 LKE Lake Resources 0.045 0% -25% -24% -64% $78,170,670 RLC Reedy Lagoon Corp. 0.002 0% 0% -50% -71% $1,523,413 MNS Magnis Energy Tech 0.042 0% 0% 0% -7% $50,378,922 BKT Black Rock Mining 0.037 0% -31% -37% -54% $42,569,652 SBR Sabre Resources 0.011 0% -8% -39% -69% $4,322,581 PNN Power Minerals Ltd 0.093 0% -7% -23% -58% $10,474,648 ADV Ardiden Ltd 0.13 0% -13% -7% -28% $8,127,276 PGM Platina Resources 0.019 0% -17% -27% -27% $11,840,426 IXR Ionic Rare Earths 0.006 0% -33% -50% -73% $35,833,339 CWX Carawine Resources 0.11 0% 10% 5% 0% $25,973,799 SGQ St George Min Ltd 0.025 0% 0% -4% -31% $27,213,511 TKL Traka Resources 0.0015 0% 0% 0% -52% $2,918,488 PRL Province Resources 0.041 0% 0% 0% 0% $48,441,219 JRV Jervois Global Ltd 0.012 0% 9% -20% -71% $29,730,402 VML Vital Metals Limited 0.002 0% 0% -43% -80% $11,790,134 POS Poseidon Nick Ltd 0.004 0% -20% -38% -74% $16,815,502 AUZ Australian Mines Ltd 0.0105 0% -25% 17% -25% $15,383,633 ALY Alchemy Resource Ltd 0.007 0% 0% 0% -30% $8,246,534 GAL Galileo Mining Ltd 0.12 0% -14% -56% -55% $22,726,867 LEL Lithenergy 0.37 0% 0% -21% -37% $41,440,581 RMX Red Mount Min Ltd 0.01 0% 0% 0% -62% $3,873,578 AQD Ausquest Limited 0.011 0% 38% -19% -13% $12,659,216 LML Lincoln Minerals 0.006 0% -14% -33% 20% $12,337,557 1MC Morella Corporation 0.029 0% 0% -61% -81% $8,789,569 MRC Mineral Commodities 0.026 0% 0% 13% -10% $25,596,288 AML Aeon Metals Ltd. 0.005 0% 0% -38% -55% $5,482,003 WKT Walkabout Resources 0.095 0% 1% -24% -37% $63,769,838 AR3 Austrare 0.1 0% -20% -5% -33% $15,863,666 CNJ Conico Ltd 0.001 0% 0% 0% -80% $2,201,528 PVT Pivotal Metals Ltd 0.009 0% 0% -47% -50% $9,072,259 BOA Boadicea Resources 0.022 0% 0% -4% -39% $2,960,468 SMX Strata Minerals 0.021 0% -13% -25% -65% $4,007,119 NVA Nova Minerals Ltd 0.25 0% 6% 25% -11% $65,935,045 MLS Metals Australia 0.025 0% 4% 14% -31% $17,453,269 MRR Minrex Resources Ltd 0.008 0% 0% -27% -53% $8,678,940 EVR Ev Resources Ltd 0.003 0% -25% -53% -67% $4,188,814 BYH Bryah Resources Ltd 0.004 0% -20% -50% -73% $2,013,147 DTM Dart Mining NL 0.011 0% -15% -40% -25% $5,661,945 GSM Golden State Mining 0.008 0% -24% -20% -58% $2,234,965 IMI Infinitymining 0.014 0% -39% -60% -90% $5,831,124 LSRDA Lodestar Minerals 0.02 0% 0% -38% -69% $3,372,329 RAG Ragnar Metals Ltd 0.021 0% -5% 24% 0% $9,953,706 TMB Tambourahmetals 0.028 0% -3% -63% -82% $2,875,341 WML Woomera Mining Ltd 0.002 0% -20% -33% -92% $4,333,180 KOR Korab Resources 0.008 0% 0% 33% -53% $2,936,400 OMH OM Holdings Limited 0.34 0% -8% -28% -25% $260,527,312 LRS Latin Resources Ltd 0.165 0% -18% -34% -8% $462,234,211 ENT Enterprise Metals 0.004 0% 0% 0% 33% $4,713,269 EMT Emetals Limited 0.005 0% 0% 0% -29% $4,250,000 AVW Avira Resources Ltd 0.001 0% 0% 0% -33% $2,938,790 CAI Calidus Resources 0.115 0% 0% -8% -41% $93,678,206 STM Sunstone Metals Ltd 0.007 0% 0% -36% -56% $41,199,229 AZI Altamin Limited 0.028 0% 12% -21% -42% $16,086,081 LNR Lanthanein Resources 0.003 0% -14% -33% -50% $7,330,908 CLZ Classic Min Ltd 0.001 0% 0% -75% -98% $1,544,026 M2R Miramar 0.005 0% -17% -52% -72% $1,587,293 TAR Taruga Minerals 0.01 0% 0% 25% -9% $7,060,268 ABX ABX Group Limited 0.039 0% -9% -19% -43% $9,751,694 KFM Kingfisher Mining 0.048 0% -24% -32% -72% $2,578,320 AOA Ausmon Resorces 0.002 0% 0% -33% -33% $2,179,455 LNR Lanthanein Resources 0.003 0% -14% -33% -50% $7,330,908 CDT Castle Minerals 0.002 0% -33% -60% -80% $3,345,628 CY5 Cygnus Metals Ltd 0.12 0% -14% 90% -20% $57,057,241 LLI Loyal Lithium Ltd 0.105 0% -9% -48% -67% $9,180,573 1AE Auroraenergymetals 0.056 0% 33% -36% -27% $10,027,569 RVT Richmond Vanadium 0.26 0% -17% -21% -16% $22,414,030 PAT Patriot Lithium 0.043 0% -4% -34% -77% $4,449,660 OM1 Omnia Metals Group 0.078 0% 0% 0% 0% $4,550,568 VHM Vhmlimited 0.38 0% -7% -17% -42% $64,313,985 LLL Leolithiumlimited 0.505 0% 0% 0% 0% $605,458,342 SRN Surefire Rescs NL 0.004 0% -20% -56% -58% $7,945,231 WSR Westar Resources 0.008 0% -11% -20% -66% $2,791,074 LU7 Lithium Universe Ltd 0.009 0% -30% -47% -73% $6,045,642 FIN FIN Resources Ltd 0.005 0% -29% -55% -77% $3,246,344 LCY Legacy Iron Ore 0.01 0% -20% -26% -35% $97,620,426 ASR Asra Minerals Ltd 0.003 0% 0% -57% -57% $6,937,807 PFE Pantera Lithium 0.02 0% -9% -59% -64% $9,475,674 ILU Iluka Resources 5.53 0% -7% -24% -21% $2,415,326,249 MEI Meteoric Resources 0.091 -1% -24% -52% -56% $213,780,143 LTM Arcadium Lithium PLC 7.95 -1% -3% 23% 0% $2,083,665,092 FTL Firetail Resources 0.08 -1% -24% 83% 0% $26,499,838 GT1 Greentechnology 0.062 -2% -23% -23% -80% $24,102,630 QEM QEM Limited 0.04 -2% -31% -70% -77% $7,633,348 EG1 Evergreenlithium 0.079 -2% -4% -8% -61% $4,442,170 CHN Chalice Mining Ltd 1.355 -3% -26% -16% -13% $519,350,762 PLL Piedmont Lithium Inc 0.175 -3% -15% -8% -56% $117,120,240 S32 South32 Limited 3.665 -3% -2% -7% 17% $16,265,984,249 CHR Charger Metals 0.069 -3% -3% -21% -72% $5,341,997 PLS Pilbara Min Ltd 2.36 -3% -20% -37% -33% $7,227,705,442 PSC Prospect Res Ltd 0.097 -3% 20% -45% 9% $56,028,928 RON Roninresourcesltd 0.16 -3% 19% 7% -20% $6,460,002 ASN Anson Resources Ltd 0.063 -3% -10% -55% -57% $87,233,152 SYA Sayona Mining Ltd 0.031 -3% -3% -28% -45% $357,842,176 CXO Core Lithium 0.089 -3% -15% -32% -65% $195,014,415 WR1 Winsome Resources 0.44 -3% -14% -58% -61% $99,674,637 IG6 Internationalgraphit 0.05 -4% -12% -52% -70% $9,484,358 GLN Galan Lithium Ltd 0.12 -4% -27% -44% -79% $91,736,751 PEK Peak Rare Earths Ltd 0.115 -4% -39% -49% -68% $35,235,455 PEK Peak Rare Earths Ltd 0.115 -4% -39% -49% -68% $35,235,455 SRL Sunrise 0.23 -4% -32% -51% -62% $21,654,600 LOT Lotus Resources Ltd 0.225 -4% -8% -49% -27% $474,814,518 AM7 Arcadia Minerals 0.022 -4% -35% -64% -74% $2,575,102 NTU Northern Min Ltd 0.021 -5% 5% -51% -38% $182,571,325 RNU Renascor Res Ltd 0.062 -5% -13% -41% -54% $160,135,269 REE Rarex Limited 0.01 -5% -17% -29% -62% $8,008,458 KZR Kalamazoo Resources 0.08 -5% -12% -13% -38% $15,899,266 RBX Resource B 0.04 -5% 11% 3% -52% $4,607,379 LPM Lithium Plus 0.1 -5% -35% -5% -75% $13,284,000 GW1 Greenwing Resources 0.039 -5% -42% -36% -61% $9,385,408 DYM Dynamicmetalslimited 0.195 -5% -11% 18% 34% $7,020,000 FBM Future Battery 0.019 -5% 0% -55% -74% $12,641,763 CMO Cosmometalslimited 0.019 -5% 6% -56% -66% $2,619,857 TLG Talga Group Ltd 0.455 -5% -26% -24% -52% $197,439,939 LIT Livium Ltd 0.017 -6% -15% -35% -43% $24,000,188 S2R S2 Resources 0.068 -6% -13% -46% -66% $30,341,486 ARL Ardea Resources Ltd 0.33 -6% -18% -45% -24% $66,893,777 WC1 Westcobarmetals 0.015 -6% -32% -67% -74% $2,388,999 PAM Pan Asia Metals 0.059 -6% -8% -63% -61% $11,734,791 A11 Atlantic Lithium 0.215 -7% -9% -52% -57% $141,708,958 AXE Archer Materials 0.28 -7% 8% -33% -28% $73,905,634 EMH European Metals Hldg 0.14 -7% -15% -63% -75% $29,042,259 FG1 Flynngold 0.028 -7% -15% 0% -58% $7,316,861 THR Thor Energy PLC 0.014 -7% -13% -22% -53% $3,107,501 DRE Dreadnought Resources Ltd 0.014 -7% -7% -18% -58% $56,291,250 NMT Neometals Ltd 0.081 -7% -10% -26% -58% $63,092,857 BSX Blackstone Ltd 0.027 -7% -19% -48% -67% $15,463,775 JMS Jupiter Mines. 0.135 -7% -16% -60% -21% $274,470,745 AAJ Aruma Resources Ltd 0.013 -7% -28% -19% -59% $3,108,814 VMC Venus Metals Cor Ltd 0.065 -7% -8% -19% -38% $12,748,364 E25 Element 25 Ltd 0.26 -7% -9% -5% -47% $56,077,662 NVX Novonix Limited 0.7 -7% 4% -1% 0% $391,801,985 AVL Aust Vanadium Ltd 0.012 -8% -25% -29% -48% $103,615,897 EMS Eastern Metals 0.012 -8% -37% -71% -63% $1,364,115 RAS Ragusa Minerals Ltd 0.012 -8% -20% -37% -70% $1,853,784 MAN Mandrake Res Ltd 0.023 -8% -15% -29% -44% $14,426,978 WC8 Wildcat Resources 0.23 -8% -26% -43% -66% $291,767,610 CTM Centaurus Metals Ltd 0.4 -8% -12% -20% -18% $208,614,509 DLI Delta Lithium 0.17 -8% -29% -35% -63% $125,394,814 LIN Lindian Resources 0.09 -8% -4% -22% -45% $107,221,768 GRE Greentechmetals 0.078 -8% -35% -61% -83% $6,794,838 ARU Arafura Rare Earths 0.11 -8% -24% -42% -45% $283,397,799 GCM Green Critical Min 0.0055 -8% -8% 83% -39% $10,491,543 M24 Mamba Exploration 0.011 -8% -8% -42% -63% $2,068,905 HAW Hawthorn Resources 0.044 -8% -25% -37% -45% $14,740,687 SLM Solismineralsltd 0.087 -8% -2% -17% -46% $6,725,347 HXG Hexagon Energy 0.021 -9% -5% 5% 133% $10,771,234 KNI Kunikolimited 0.21 -9% -2% 2% -19% $18,221,546 LEG Legend Mining 0.01 -9% -23% -33% -47% $32,004,249 FRB Firebird Metals 0.1 -9% -13% -39% -35% $14,947,947 ANX Anax Metals Ltd 0.01 -9% -17% -71% -63% $8,714,349 VTM Victory Metals Ltd 0.38 -10% -13% 52% 73% $41,773,545 EVG Evion Group NL 0.028 -10% 4% 12% -20% $9,714,969 BUR Burleyminerals 0.055 -10% -37% -59% -67% $8,270,402 NWC New World Resources 0.018 -10% -5% -51% -55% $51,125,071 MOH Moho Resources 0.0045 -10% -36% 13% -50% $3,032,877 G88 Golden Mile Res Ltd 0.009 -10% -44% -25% -57% $4,255,406 PGD Peregrine Gold 0.13 -10% -19% -53% -52% $8,145,411 SRZ Stellar Resources 0.017 -11% -6% -21% 113% $37,435,510 AZL Arizona Lithium Ltd 0.0125 -11% -22% -46% -69% $58,159,589 ARR American Rare Earths 0.25 -11% -4% -2% 72% $136,194,291 CAE Cannindah Resources 0.041 -11% 3% -29% -55% $31,638,598 JLL Jindalee Lithium Ltd 0.205 -11% -15% -61% -78% $15,086,329 LM1 Leeuwin Metals Ltd 0.065 -11% -11% 8% -68% $3,045,359 LMG Latrobe Magnesium 0.024 -11% -4% -51% -58% $58,713,434 CMX Chemxmaterials 0.032 -11% -14% -32% -57% $4,128,714 PNT Panthermetalsltd 0.016 -11% -38% -49% -58% $3,765,578 EMN Euromanganese 0.039 -11% -34% -49% -68% $8,289,528 ITM Itech Minerals Ltd 0.061 -12% -15% -14% -56% $9,731,917 KAI Kairos Minerals Ltd 0.015 -12% -6% 36% 0% $39,463,683 WA1 Wa1Resourcesltd 14.14 -12% 3% -20% 68% $1,021,831,060 INR Ioneer Ltd 0.185 -12% -26% -5% 28% $435,799,415 AGY Argosy Minerals Ltd 0.028 -13% -26% -77% -83% $42,221,707 TON Triton Min Ltd 0.007 -13% -30% -36% -70% $10,978,721 EFE Eastern Resources 0.028 -13% -20% -65% -69% $3,530,519 WMG Western Mines 0.17 -13% -15% -60% -42% $15,224,068 LTR Liontown Resources 0.665 -14% -17% -48% -51% $1,686,251,377 SLZ Sultan Resources Ltd 0.006 -14% -40% -40% -62% $1,388,819 ODE Odessa Minerals Ltd 0.006 -14% -14% 50% -25% $7,609,695 WIN WIN Metals 0.017 -15% -39% -56% -82% $9,862,476 DEV Devex Resources Ltd 0.11 -15% -12% -71% -58% $46,377,520 OD6 Od6Metalsltd 0.027 -16% -44% -57% -84% $3,474,635 VUL Vulcan Energy 6.2 -16% 27% 27% 166% $1,189,351,769 CTN Catalina Resources 0.0025 -17% -29% -29% -29% $3,731,286 AXN Alliance Nickel Ltd 0.038 -17% 3% -7% -27% $30,485,264 SUM Summitminerals 0.16 -18% 0% -37% 52% $14,244,118 HRE Heavy Rare Earths 0.031 -19% -12% -5% -63% $2,612,530 AKN Auking Mining Ltd 0.004 -20% 0% -81% -92% $1,565,401 ASO Aston Minerals Ltd 0.008 -20% -20% -50% -74% $10,360,514 EV1 Evolutionenergy 0.023 -21% -41% -55% -82% $10,095,880 BUX Buxton Resources Ltd 0.043 -22% -35% -56% -77% $11,114,123 AX8 Accelerate Resources 0.007 -22% -13% -88% -83% $4,352,278 AS2 Askarimetalslimited 0.012 -29% -48% -79% -93% $2,560,254 MHCDA Manhattan Corp Ltd 0.022 -45% -45% -34% -67% $4,497,970 Wordpress Table PluginWeekly Small Cap StandoutsEuropean Lithium (ASX:EUR)European Lithium’s largest asset is its 74.3% majority stake in Critical Metals Corp, the Nasdaq-listed explorer which holds the Wolfsberg lithium project in Austria.Its shares caught a bump after announcing a milestone in the process for bringing Wolfsberg to fruition, saying the Carinthian state government would not require an environmental impact assessment.EUR says the advantage of the project is that it will be developed underground, with no EIA required in law because above-ground activities will take place over less than 10 hectares.“This is an extraordinary achievement for Critical Metals Corp and our Wolfsberg project, as we chart a path forward for the production of critical minerals in Europe,” EUR chairman Tony Sage said.“This decree makes the Wolfsberg Project the first new mining project within the EU that is able to pave the way into the fast-track approval process for new mining projects in the critical minerals sector.“This is a significant milestone towards sustainable production of lithium from Austrian mining extraction in an integrated European supply chain located in the heart of Europe.”Petratherm (ASX:PTR)Drill results confirmed a “highly significant new heavy mineral sands (HMS) discovery” at the company’s Rosewood prospect this week, with intercepts including:\n24RW020 – 22 m at 19.1% heavy minerals from 8m including;\n\n4m at 27.9% HM from 9m and including 1m at 39.7% HM from 11m\n\n\n24RW017 – 17m at 9.7% from 6m including;\n\n4m at 22.2% HM from 8m.\n\n\n24RW015 – 11m at 10.0% HM from 6m including;\n\n6m at 15.4% HM from 7m.\n\n\n“The maiden Petratherm drill results are outstanding and confirm Rosewood is a highly significant new HMS discovery within the company’s broader Muckanippie project,” PTR boss Peter Reid said.“Recent mineral analysis of the HM fraction from historical drill holes 1 kilometre east of today’s drill results indicated favourable concentrations of high value Leucoxene and Rutile. The bonanza HM grades and thicknesses reported are highly significant and a major step towards both confirming the potential scale of mineralisation and de-risking the viability of the project.“Assay results from a further 45 drill holes from Rosewood are expected in the coming weeks along with detailed mineral analysis of the HM assemblage,” Reid said. “We look forward to providing results as they come to hand.”Corazon Mining (ASX:CZN)The company has started an aerial geophysical survey at its MacBride base and precious metals project in Canada, aiming to identify drill targets for early 2025.The survey will focus on areas with potential for copper-zinc-gold-silver deposits, including extensions of known deposits and new unexplored areas with the data expected to help define precise drilling targets and could speed up exploration.The only modern exploration to be undertaken at the MacBride Project is an airborne VTEM geophysical survey back in 2008, which Corazon processed the data from and identified multiple electromagnetic (EM) conductive bodies in October this year.The company says the quantity and distribution of these anomalies suggest the project has the potential to deliver a cluster of zinc-copper-gold-silver volcanogenic massive sulphide (VMS) deposits, individually similar to the drill-defined MacBride deposit.At Stockhead, we tell it like it is. While Petratherm is a Stockhead advertiser, it did not sponsor this article. Explore More   Investor Guide: Battery Metals FY2023","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2489749499"}