Connect with us

Eye on Lithium: PMT begins monster drilling campaign in James Bay

  • PMT flies the  flag today in Canada’s James Bay, kicking off a monster drill campaign
  • Fin Resources, Torque Metals and TG Metals, among others, also have news
  • Cabbage is a potent natural source of lithium, because there’s meant to be three bullet points here.

Your lithium roundup for Wednesday January 17.

 

Leading the biggish-gun lithium news today, Patriot Battery Metals (ASX:PMT) has announced the largest lithium drill campaign in Quebec – Canada’s hottest “white gold” province – is now underway.

The 2024 drill campaign at the $420m company’s Corvette property is targeting a minimum of 45,000m over the January to April period – the winter program.

At least 10 drill rigs are lined up for spinning for the four months, which defines it as a large-scale undertaking.

How’s this work in the depths of a finger-freezing, organ-shrivelling Canadian winter? PMT reports the winter access road is fully operable at this stage, reducing the dependency on choppers, so the expectation is the per-metre cost shouldn’t be overly high.

Core assay results remain to be reported for more than 125 drill holes, including ~1.5 km of prospective pegmatite trend across the CV5 and CV13 pegmatites.

An updated mineral resource estimate won’t be coming from PMT until later in the year, third quarter.

Situated in the Eeyou Istchee James Bay region of Quebec, PMT’s Corvette Property is Patriot Battery Metals flagship project.

Its CV5 Spodumene Pegmatite, has an impressive MRE – 109.2 Mt at 1.42% Li2O and 160 ppm Ta2O5 (tantalum pentoxide) inferred.

 

Also making news

Fin Resources (ASX:FIN)

FIN has identified multiple pegmatite trends across new claims at its Cancet West project in James Bay, Canada. Trends appear associated with Lac Guyer greenstone belt, which hosts the Cancet and Corvette deposits.

Also, the company notes that approvals for its initial highly anticipated drilling of its White Bear site are expected soon.

Read more > here.

 

Torque Metals (ASX:TOR)

Torque Metals Limited has completed its 100% acquisition of an extensive package of tenements that make up what it’s dubbed the Penzance Exploration Camp.

The company hasn’t wasted a single second (well, maybe one or two), immediately putting an RC drill campaign in place at the New Dawn lithium project – “to extend the scale of spodumene lithium bodies”.

New Dawm is strategically located just 600m west of the active Bald Hill lithium mine in WA, which belongs to Aussie mining giant Mineral Resources (ASX:MIN).

Read more > here.

 

TG Metals (ASX:TG6)

The last four of holes from TG Metals’ 2023 drilling campaign at the highly prospective Burmeister lithium deposit at Lake Johnston have uncovered a new best intersection of 17.1m @ 1.66% Li2O.

And now the company has just kicked off a new 6,000m RC drill campaign at the location.

As Stockhead has previously reported, when TG Metals unearthed a core sample of up to 2.28% Li2O from the first hole at Burmeister, it sparked a pegging rush.

The emerging Lake Johnston lithium province, in WA’s Goldfields-Esperence region, now has an impressive list of explorers proving up the region’s potential.

These include: Rio Tinto (ASX:RIO) , which has engaged in a farm-in to Charger Metals’ (ASX:CHR) own Lake Johnston project, as well Mt Malcolm Mines (ASX:M2M) and Kingsland Minerals (ASX:KNG).

 

Wednesday: FULLY CHARGED ????

Anson Resources (ASX:ASN) +21%

Intra Energy (ASX:IEC) +20%

Fin Resources (ASX:FIN) +19%

 

Wednesday: RUNNING LOW ????

Woomera Mining (ASX:WML) -14%

Red Mountain Mining (ASX:RMX) -14%

Iceni Gold (ASX:ICL) -13%

 

ASX lithium form guide:

Scroll or swipe to reveal table. Click headings to sort. Best viewed on a laptop. (Note: figures accurate per ASX at 3pm.) 

Stocks missing from this list? Email [email protected] and [email protected]

CODE COMPANY TODAY WEEK 1 MONTH % 12 MONTH % PRICE MARKET CAP
ADV Ardiden Ltd 0% -6% 3% -51% 0.17 $10,627,976
AGY Argosy Minerals Ltd 5% -8% -8% -82% 0.115 $154,484,825
1MC Morella Corporation 13% -18% -25% -68% 0.0045 $24,715,198
AML Aeon Metals Ltd. 0% 11% 11% -63% 0.01 $10,964,006
ASN Anson Resources Ltd 21% 4% -14% -40% 0.12 $127,288,178
AVZ AVZ Minerals Ltd 0% 0% 0% 0% 0.78 $2,752,409,203
CXO Core Lithium -5% 3% -34% -81% 0.2 $448,756,464
EMH European Metals Hldg 0% -13% -39% -50% 0.33 $41,657,720
EUR European Lithium Ltd -4% 3% 35% 3% 0.089 $129,664,243
GLN Galan Lithium Ltd -2% -13% 2% -51% 0.58 $208,548,645
INF Infinity Lithium 2% 2% -4% -22% 0.098 $44,408,841
INR Ioneer Ltd -9% -6% 7% -78% 0.1225 $285,040,640
JLL Jindalee Lithium Ltd 2% 13% 33% -42% 1.08 $63,817,073
LIT Lithium Australia 0% 3% 0% -39% 0.03 $36,665,750
LKE Lake Resources -5% -13% -19% -87% 0.105 $156,468,918
LPD Lepidico Ltd -6% -6% -6% -56% 0.0075 $61,106,464
LPI Lithium Pwr Int Ltd 0% 0% 3% 16% 0.5575 $355,493,683
LTR Liontown Resources -3% -12% -7% -10% 1.345 $3,342,338,962
MIN Mineral Resources. 0% -11% -10% -32% 59.975 $11,679,955,852
MLS Metals Australia 0% 3% 3% -27% 0.035 $21,841,267
AKE Allkem Limited 0% 0% 18% -13% 9.83 $6,304,350,967
PLL Piedmont Lithium Inc -7% -18% -32% -64% 0.31 $129,279,348
PLS Pilbara Min Ltd -3% -9% -11% -13% 3.495 $10,834,084,602
QPM Queensland Pacific -3% -5% -5% -58% 0.0485 $100,627,016
PSC Prospect Res Ltd 0% -2% 2% -32% 0.085 $39,383,217
RLC Reedy Lagoon Corp. 0% 0% 0% -53% 0.005 $3,097,704
SYA Sayona Mining Ltd -6% -18% -29% -80% 0.046 $504,371,505
TKL Traka Resources 0% 0% -36% -64% 0.002 $1,750,659
TON Triton Min Ltd 0% -13% -5% -43% 0.021 $32,789,246
VUL Vulcan Energy -1% -11% -17% -70% 2.11 $368,236,237
GL1 Globallith -8% -33% -53% -72% 0.615 $173,076,424
BMM Balkanminingandmin 0% 0% -5% -69% 0.1 $7,104,051
LEL Lithenergy 0% -5% -10% -34% 0.52 $53,565,200
ARN Aldoro Resources -2% -9% 6% -63% 0.088 $12,116,137
NMT Neometals Ltd -1% 4% -1% -80% 0.1825 $115,197,708
IGO IGO Limited -1% -13% -17% -50% 7.38 $5,641,645,207
AAJ Aruma Resources Ltd 0% 4% 4% -67% 0.027 $5,316,071
PAM Pan Asia Metals -6% 0% 23% -59% 0.16 $28,528,852
AX8 Accelerate Resources -3% -11% -23% 19% 0.031 $18,339,256
AM7 Arcadia Minerals 0% 1% -10% -68% 0.07 $7,633,507
AS2 Askarimetalslimited -12% -12% -21% -77% 0.15 $13,251,536
BYH Bryah Resources Ltd 0% -7% 4% -47% 0.013 $5,636,894
EMS Eastern Metals 0% 0% 9% -54% 0.036 $2,967,345
FG1 Flynngold -4% 4% 15% -43% 0.055 $8,306,282
FRS Forrestaniaresources -3% 17% 13% -79% 0.035 $5,824,287
GSM Golden State Mining 0% -8% -25% -77% 0.012 $3,352,448
IMI Infinitymining 0% 8% -10% -51% 0.13 $15,437,941
LRV Larvottoresources 3% 1% -13% -54% 0.069 $14,981,980
MMC Mitremining -5% -13% -11% -26% 0.21 $12,471,278
RAG Ragnar Metals Ltd 0% -8% 5% 72% 0.023 $10,901,562
CTN Catalina Resources 0% -13% -30% -61% 0.0035 $4,334,704
TMB Tambourahmetals 0% -4% -15% 0% 0.11 $9,123,439
TEM Tempest Minerals 0% 0% 0% -70% 0.008 $4,152,995
EMC Everest Metals Corp 3% -4% 1% -25% 0.082 $13,062,649
WCN White Cliff Min Ltd -11% 60% 60% 7% 0.016 $22,983,468
WML Woomera Mining Ltd -14% -25% -36% -5% 0.018 $25,580,919
AZL Arizona Lithium Ltd 0% -7% -33% -61% 0.026 $97,678,643
CRR Critical Resources -6% -15% -15% -61% 0.017 $32,001,305
KGD Kula Gold Limited 0% -19% -19% -52% 0.013 $5,451,755
LRS Latin Resources Ltd 2% -2% 2% 96% 0.235 $642,575,426
PNN Power Minerals Ltd -3% -7% -14% -66% 0.19 $17,038,340
WR1 Winsome Resources 1% -16% -30% -60% 0.725 $136,411,311
KZR Kalamazoo Resources 0% -25% 0% -50% 0.105 $18,166,872
MTM MTM Critical Metals 7% -30% 281% 1% 0.08 $7,457,781
QXR Qx Resources Limited 0% -9% -16% -59% 0.021 $23,311,635
SCN Scorpion Minerals 0% -3% -21% -57% 0.03 $12,283,686
AZI Altamin Limited 13% 9% 21% -20% 0.063 $23,974,829
ENT Enterprise Metals 0% 0% 0% -56% 0.004 $3,207,884
KAI Kairos Minerals Ltd -7% -7% -13% -40% 0.013 $36,692,771
STM Sunstone Metals Ltd -4% -12% -12% -73% 0.0115 $41,852,819
PGD Peregrine Gold 0% -8% 28% -41% 0.295 $19,763,962
AVW Avira Resources Ltd 0% 0% 100% -33% 0.002 $4,267,580
NVA Nova Minerals Ltd 0% -4% -17% -52% 0.325 $68,539,237
GT1 Greentechnology -3% -22% -26% -79% 0.195 $63,450,419
BNR Bulletin Res Ltd 10% -21% -8% 5% 0.11 $29,361,332
CAI Calidus Resources -6% 4% 19% -47% 0.2075 $134,710,617
MRR Minrex Resources Ltd 7% 0% -12% -61% 0.015 $15,188,145
A8G Australasian Metals -4% -10% -10% -34% 0.135 $7,296,869
EFE Eastern Resources 0% 0% -11% -56% 0.008 $9,935,572
MQR Marquee Resource Ltd 0% -8% -14% -48% 0.024 $9,921,225
SRZ Stellar Resources 8% -19% -19% -54% 0.0065 $6,894,159
LSR Lodestar Minerals 0% 17% -13% -30% 0.0035 $7,081,891
NWM Norwest Minerals -4% -24% -4% -61% 0.026 $7,764,377
AOA Ausmon Resorces 0% 0% 0% -50% 0.003 $3,020,998
VKA Viking Mines Ltd 0% 0% 25% 88% 0.015 $15,378,876
IPT Impact Minerals -4% -8% 20% 50% 0.012 $35,808,799
SRI Sipa Resources Ltd -7% 4% -10% -40% 0.026 $6,388,428
VMC Venus Metals Cor Ltd 0% -5% -13% 23% 0.1 $18,972,868
RGL Riversgold 5% -13% -13% -63% 0.0105 $9,676,615
ZNC Zenith Minerals Ltd -3% 36% 3% -32% 0.17 $61,666,655
RAS Ragusa Minerals Ltd -5% 19% 3% -68% 0.038 $5,703,951
G88 Golden Mile Res Ltd -6% -11% -6% -20% 0.017 $5,929,011
EPM Eclipse Metals 0% 29% 29% -57% 0.009 $18,562,988
EVR Ev Resources Ltd 8% 0% 44% -13% 0.013 $13,195,060
WC8 Wildcat Resources 0% -19% -28% 1588% 0.54 $645,752,586
MNS Magnis Energy Tech 0% 0% 0% -90% 0.042 $50,378,922
RIO Rio Tinto Limited 0% -4% -5% 4% 126.54 $47,018,245,665
THR Thor Energy PLC -3% 34% 50% -35% 0.039 $7,441,453
YAR Yari Minerals Ltd 0% 0% 22% -39% 0.011 $5,305,936
MXR Maximus Resources 8% 24% 20% -2% 0.042 $12,516,885
DRE Dreadnought Resources Ltd -4% -4% -16% -74% 0.026 $93,934,970
MM1 Midasmineralsltd 4% -4% 4% -26% 0.13 $10,843,406
M2R Miramar 0% 20% 11% -61% 0.03 $4,466,086
LLI Loyal Lithium Ltd 0% -12% 8% -7% 0.335 $27,901,252
LRD Lordresourceslimited 0% 9% -11% -67% 0.062 $2,302,192
WMC Wiluna Mining Corp 0% 0% 0% 0% 0.205 $74,238,031
AUN Aurumin -3% 15% 41% -52% 0.031 $11,470,179
ZEO Zeotech Limited 0% -3% -20% -38% 0.028 $48,535,846
ALY Alchemy Resource Ltd 0% -10% -10% -50% 0.009 $10,602,686
LIS Lisenergylimited 17% 2% -17% -59% 0.1575 $86,427,031
GW1 Greenwing Resources 0% -13% 17% -68% 0.105 $18,296,406
KTA Krakatoa Resources 5% -33% -46% -49% 0.022 $9,914,252
TYX Tyranna Res Ltd 0% 0% 0% -28% 0.0165 $54,242,518
DAF Discovery Alaska Ltd 8% 0% 59% -4% 0.027 $5,855,867
FTL Firetail Resources 0% -10% -22% -56% 0.064 $9,529,956
IR1 Irismetals -10% -15% -29% -37% 0.73 $105,530,260
LNR Lanthanein Resources -10% -18% -10% -59% 0.009 $12,898,119
DAL Dalaroometalsltd 0% 4% 14% -72% 0.025 $2,068,750
TKM Trek Metals Ltd 0% 3% -11% -44% 0.04 $20,523,074
CY5 Cygnus Metals Ltd 0% -9% -19% -73% 0.105 $30,613,710
TUL Tulla Resources 0% -100% -100% -100% 0 $118,262,971
WES Wesfarmers Limited 0% 0% 4% 17% 57.06 $64,625,421,186
LLL Leolithiumlimited 0% 0% 0% -9% 0.505 $498,553,663
OCN Oceanalithiumlimited 2% -14% -25% -81% 0.0865 $4,596,503
A11 Atlantic Lithium 0% 0% -17% -38% 0.405 $255,321,509
CMD Cassius Mining Ltd 0% 6% 9% 76% 0.037 $18,596,591
VSR Voltaic Strategic 0% -16% -24% -45% 0.016 $7,729,662
SGQ St George Min Ltd 0% -6% -6% -54% 0.033 $32,476,246
LLO Lion One Metals Ltd -3% 1% -3% -17% 0.93 $14,712,692
PAT Patriot Lithium -3% -14% -23% -47% 0.155 $10,962,741
PL3 Patagonia Lithium 0% 0% 8% 0% 0.13 $6,386,705
BUR Burleyminerals -11% -17% -26% -48% 0.125 $14,461,546
CHR Charger Metals 0% 6% -3% -63% 0.17 $13,161,443
RMX Red Mount Min Ltd -14% 0% 0% -40% 0.003 $9,357,516
DLI Delta Lithium -7% -22% -44% -40% 0.28 $213,545,893
LM1 Leeuwin Metals Ltd -11% 0% -19% 0% 0.125 $6,559,234
ENT Enterprise Metals 0% 0% 0% -56% 0.004 $3,207,884
FIN FIN Resources Ltd 19% -14% 0% 19% 0.019 $10,388,299
DTM Dart Mining NL 0% 0% 0% -73% 0.016 $3,641,274
NIS Nickelsearch -13% -32% -38% -69% 0.047 $11,531,292
EG1 Evergreenlithium -7% -15% -26% 0% 0.14 $8,434,500
MAN Mandrake Res Ltd 18% 18% 2% -2% 0.045 $23,398,877
FBM Future Battery 12% -4% -3% 18% 0.066 $31,491,603
XTC XTC Lithium Limited 0% 19900% 19900% -67% 0.2 $17,528,272
LPM Lithium Plus -2% -19% -35% -31% 0.255 $22,356,932
KOB Kobaresourceslimited 17% 40% 18% -26% 0.098 $8,855,000
EMC Everest Metals Corp 3% -4% 1% -25% 0.082 $13,062,649
LRD Lordresourceslimited 0% 9% -11% -67% 0.062 $2,302,192
IEC Intra Energy Corp 20% -25% 0% -57% 0.003 $4,151,954
REC Rechargemetals 0% -3% -10% -32% 0.089 $9,910,326
SLM Solismineralsltd -8% -23% -17% 20% 0.12 $10,192,092
AZS Azure Minerals 0% 0% 2% 1128% 3.685 $1,683,354,040
DYM Dynamicmetalslimited 0% 3% 14% -16% 0.16 $5,600,000
TOR Torque Met 2% -11% 2% 31% 0.21 $27,372,437
SBR Sabre Resources 4% 0% 0% -40% 0.029 $10,138,485
ICL Iceni Gold -13% -14% 0% -57% 0.056 $15,638,857
TMX Terrain Minerals 0% 33% 50% 0% 0.006 $8,120,567
MHC Manhattan Corp Ltd 0% 25% 25% -17% 0.005 $14,684,899
MHK Metalhawk. -11% 4% -4% -19% 0.125 $13,918,022
NKL Nickelxltd -3% -22% -10% -57% 0.036 $3,249,161
TMB Tambourahmetals 0% -4% -15% 0% 0.11 $9,123,439
ANX Anax Metals Ltd -4% -14% -25% -63% 0.024 $12,087,941
PMT Patriotbatterymetals -3% -17% -29% -12% 0.835 $433,440,138
BM8 Battery Age Minerals 0% -9% 5% -60% 0.2 $17,827,398
L1M Lightning Minerals 0% -4% -21% -38% 0.115 $4,855,882
ADG Adelong Gold Limited 0% 0% 0% -29% 0.005 $3,498,278
TOR Torque Met 2% -11% 2% 31% 0.21 $27,372,437
AL8 Alderan Resource Ltd 0% 0% -9% -38% 0.005 $5,534,307
OZM Ozaurum Resources -5% -13% -5% 40% 0.105 $17,462,500
FL1 First Lithium Ltd -6% -28% -23% 72% 0.31 $23,117,050
PLN Pioneer Lithium -3% -8% -13% 0% 0.175 $5,116,500
WYX Western Yilgarn NL 3% -3% 0% -17% 0.095 $4,568,490
RDN Raiden Resources Ltd -6% -17% -9% 426% 0.03 $85,010,083
PFE Panteraminerals -2% 12% -7% -62% 0.055 $7,426,863
GRE Greentechmetals 0% -16% -28% 169% 0.35 $28,270,394
OLY Olympio Metals Ltd 0% -5% -14% -41% 0.095 $6,041,952
SUM Summitminerals 6% 0% -5% -29% 0.1 $4,479,770
JBY James Bay Minerals 2% -2% -15% 0% 0.255 $8,111,250
SCN Scorpion Minerals 0% -3% -21% -57% 0.03 $12,283,686
JNO Juno 0% -5% 5% 7% 0.105 $19,104,252
CC9 Chariot Corporation 5% -19% -25% 0% 0.44 $30,799,259
OBM Ora Banda Mining Ltd -1% -2% 9% 150% 0.235 $405,357,844
RON Roninresourcesltd 0% -3% -26% -3% 0.16 $5,892,002
ASR Asra Minerals Ltd 0% 17% -13% -65% 0.007 $11,455,470
TG6 Tgmetalslimited -2% -21% -30% 139% 0.275 $15,144,127
HAW Hawthorn Resources 0% 0% 1% -9% 0.1 $33,501,561
KM1 Kalimetalslimited 12% 5% 0% 0% 0.55 $37,407,627
AEV Avenira Limited 0% 0% -8% -43% 0.012 $26,058,859

WordPress Table Plugin

 

The post Eye on Lithium: PMT begins monster drilling campaign in James Bay appeared first on Stockhead.




tantalum