Hi I’m James Preston and thanks for tuning into Kalkine TV.
The electric vehicle market is exhibiting rapid growth, and the trend is anticipated
to continue in the coming years.
The robust EV market has also resulted in strong demand for auto ancillaries required
in their manufacturing.
Batteries, one of the most important parts of EVs, comprises lithium as its prime component.
The demand for lithium is on the rise.
This year so far, lithium prices have almost doubled.
Given the buoyant opportunities, lithium explorers are seeking to boost their position within
the lithium market, and in today’s Hot Performers we will take a look at a number of ASX-listed
rising lithium stars, holding the potential to become significant players soon.
Let’s begin with Marquee Resources.
[g] Marquee Resources is a diversified mineral explorer with significant exposure to gold,
rare-earth elements, and lithium.
[e] The Company operates the Clayton Valley Lithium Project in the US and the Centenario
Lithium Project in Argentina.
The Centenario Lithium project sits within the infamous lithium triangle of Argentina.
Today the company announced that it is set to begin exploration at its Clayton Valley
lithium project after the work was green lit by geology experts Kangari Consulting.
Marquee Resources has plans to start a two-phase exploration program with a detailed geological
mapping program and drilling to follow.
The project is based roughly three and a half hours away from Tesla’s Gigafactory Number
1, which produces large lithium-ion batteries.
[w] Results from the initial drilling assay confirmed the presence of lithium brine and
a lithium hosting horizon further to the west than expected.
[e]
Moving on now to Lodestar Minerals.
[g] Lodestar is a diversified mineral explorer with exposure to commodities including nickel,
zinc, led and lithium.
[e] Last month it identified historical geochemical anomalies at the Coolgardie West tenement
in Western Australia.
As the name suggests, Coolgardie West is located 10 kilometres west of the town of Coolgardie
and includes five kilometres of Coolgardie greenstone.
This comprises interlayered amphibolite, dolerite, carbonaceous shale and ultramafics.
[w] Lodestar Minerals reviewed historical data of exploration that took place over the
82 square kilometre tenement where Anaconda Australia carried out geological mapping,
reconnaissance sampling and drilled four holes up to 1971.
[e] TIME NOW for a very short break before we
continue our explortation of Lithium stocks with huge potential on Kalkine TV!
Thanks for tuning into Kalkine TV, I’m James Preston and its great to have your company
for the Hot Performers.
In this edition were diving into the world of lithium players and that includes Sipa
Resources.
[g] The Perth-based mineral explorer maintains significant exposure in gold and base metals
along with lithium.
[e] At the Warralong Gold Project, the Company is targeting gold and lithium pegmatites.
The Company commenced a drilling campaign on the prospect in August 2021 to drill test
the targets identified through an aeromagnetic survey.
It has secured Western Australian Government Exploration Incentive Scheme funding of up
to $128,750 for drilling at its Skeleton Rocks Project within the Western Australian Goldfields.
The EIS grant will reduce the direct costs to Sipa for the planned drilling scheduled
for the March quarter of 2022, post the local crop harvest.
Drilling will test previously undrilled greenstones adjacent to major structures, identified in
a detailed aeromagnetic survey conducted by Sipa earlier in 2021, [w] with soil sampling
scheduled to occur this quarter to assist in finalising drill hole locations.
[e]
Let’s now turn our focus to Metals Australia!
The ASX-listed mineral explorer has its operations in Canada and Western Australia.
The Company has its gold, lithium, and graphite operations in Canada.
It operates three lithium projects in Quebec, Canada- Lac La Motte, Lac La Corne and Lacouciere-
Darveau projects.
The lithium mineralisation lies in well-understood geology settings and includes spodumene and
beryl occurrences.
Metals Australia recently reported that it has received results from rock chip sampling
across the Manindi project in Western Australia, which it said confirms a new discovery.
The project is in the Youanmi region where lithium bearing pegmatites have been previously
identified with strike lengths over 300 metres.
Metals Australia recently discovered a 500-metre-long pegmatite, named the Foundation Pegmatite,
which it said is the largest to date at the project.
[w] Rock chip samples were taken from the Foundation Pegmatite and have returned up
to 1.25 per cent lithium, 126 parts per million tantalum and 155 parts per million cesium
results.
[e]
And lastly, we have Anson Resources.
[g] Anson Resources is engaged in development of the Paradox lithium-bromine project in
Utah, US.
[e] The Company is undertaking advanced engineering and performance testing of lithium hydroxide
and lithium carbonate in li-battery test cells.
The Company intends to discuss the study results with potential off-takers of lithium from
the project.
Anson Resources recently updated that it has released the results of the long-term cycling
test work carried out by NOVONIX Battery Technology Solutions.
The test work is to produce NMC 622-based lithium-ion battery test cells using samples
of Anson’s high purity lithium products extracted from its Paradox Lithium Bromine
Project in Utah, USA.
The testing took place at 40 degrees celsius over three months as the batteries were cycled
300 times.
Anson’s lithium carbonate showed slightly better performance than the existing commercial
products in the long-term test work.
[e] So there you have a number of key lithium
related stocks to keep a keen eye on that could produce terrific results moving forward.
ALRIGHT well that’s all for now, Stay tuned to Kalkine TV for the latest market updates,
business news and exclusive interviews.
I’m James Preston signing off for now.