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Eye on Lithium: Super effort, that – AustralianSuper envisions lithium fightback

  • Howzat for a ringing endorsement? AustralianSuper seems to be buying the lithium-stock dip
  • Coming off yesterday’s trading halt, Woomera charges up today with a 29% gain
  • Lithium was a single released by Seattle grunge gods Nirvana in 1991, because 3 bullet points are better 2.

Your lithium roundup for Thursday January 18.

 

AustralianSuper still likes lithium

There’s nothing more Australian than Travis Head belting a fighting ton at the Adelaide Oval. But AustralianSuper gives it a go with name, at the very least.

Perhaps taking a punt on lithium stocks has become inherently Aussie, because that’s exactly what the country’s largest pension firm has reaffirmed this week, in an encouraging endorsement for a sector that by and large struggled through 2023.

A Bloomberg report has revealed that the fund, which oversees about $300 billion in pension savings, plans to double its exposure to local lithium stocks over the next five years.

Buying the dip? You bet. The lithium sector’s price capitulation has been galling for many a lithium stock holder (no, not you, WC8 fans), but AustralianSuper clearly sees an opportunity and belief in the long-term EV/clean energy narrative.

Says the super funds’ Luke Smith, a senior portfolio manager, targeting lithium stocks is a strategic play based on belief in a continued global shift towards electric vehicles – demand for which should play out for more than a decade.

“The biggest opportunities for us as investors at AustralianSuper is when the prices are at cycle bottoms,” Smith said, adding that he also sees “lots of opportunities” in nickel, cobalt and graphite as key materials in the energy transition.

The lithium sector and the other critical minerals are likely to be “an attractive place to invest” over the next five years, he said.

And what’s the fund into? For one, Pilbara Minerals (ASX:PLS) – probably as safe a lithium play as you’ll find. AustralianSuper increased its stake in the company to 6.12% earlier this month.

According to Bloomberg, it now holds about $1 billion in Australian producers of the EV material, which Smith expects to increase to between A$2.5 billion and A$3 billion over the five-year period.

“Through 2022 and in early ‘23, we took money off the table in lithium as the price spiked well beyond the cost curve,” added Smith.

“Clearly, we’re seeing now the opportunity become more attractive.”

 

Wednesday: FULLY CHARGED ????

Woomera Mining (ASX:WML) +29%

Flynn Gold (ASX:FG1) +15%

Sabre Resources (ASX:SBR) +10%

 

Wednesday: RUNNING LOW ????

Metal Hawk (ASX:MHK) -25%

Morella Mining (ASX:1MC) -20%

Terrain Minerals (ASX:TMX) -17%

 

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 3% 3% 6% -49% 0.175 $10,627,976
AGY Argosy Minerals Ltd -2% -10% -10% -82% 0.1125 $161,506,862
1MC Morella Corporation -20% -20% -33% -75% 0.004 $30,893,997
AML Aeon Metals Ltd. 0% 5% 11% -66% 0.01 $10,964,006
ASN Anson Resources Ltd 0% -4% -18% -39% 0.115 $147,860,004
AVZ AVZ Minerals Ltd 0% 0% 0% 0% 0.78 $2,752,409,203
CXO Core Lithium 2% 11% -31% -79% 0.21 $438,071,787
EMH European Metals Hldg -3% -14% -41% -52% 0.32 $41,657,720
EUR European Lithium Ltd 0% -5% 32% 2% 0.087 $121,298,808
GLN Galan Lithium Ltd -2% -13% 0% -51% 0.5675 $205,013,922
INF Infinity Lithium -6% -7% -10% -26% 0.092 $45,334,025
INR Ioneer Ltd -4% -7% 9% -76% 0.125 $274,483,579
JLL Jindalee Lithium Ltd 8% 25% 40% -39% 1.14 $64,119,524
LIT Lithium Australia 2% -5% -2% -39% 0.0295 $35,443,558
LKE Lake Resources 0% -9% -19% -87% 0.105 $149,356,694
LPD Lepidico Ltd -7% -7% -19% -57% 0.0065 $53,468,156
LPI Lithium Pwr Int Ltd 0% 0% 3% 16% 0.5575 $358,696,328
LTR Liontown Resources -13% -19% -18% -21% 1.185 $3,293,899,267
MIN Mineral Resources. -2% -7% -12% -33% 58.53 #############
MLS Metals Australia 3% 0% 3% -26% 0.035 $21,217,230
AKE Allkem Limited 0% 0% 18% -13% 9.83 $6,304,350,967
PLL Piedmont Lithium Inc -6% -19% -36% -66% 0.2925 $119,631,635
PLS Pilbara Min Ltd -1% -5% -11% -14% 3.495 #############
QPM Queensland Pacific -6% -13% -12% -59% 0.045 $96,601,935
PSC Prospect Res Ltd -4% -4% -1% -34% 0.082 $39,383,217
RLC Reedy Lagoon Corp. 0% 0% 0% -48% 0.005 $3,097,704
SYA Sayona Mining Ltd -5% -19% -32% -80% 0.0445 $483,784,913
TKL Traka Resources 0% 0% -36% -64% 0.002 $1,750,659
TON Triton Min Ltd 2% -2% -2% -42% 0.0215 $32,789,246
VUL Vulcan Energy -3% -9% -17% -70% 2.09 $369,956,967
GL1 Globallith -7% -35% -57% -74% 0.57 $160,063,159
BMM Balkanminingandmin 0% 0% -5% -68% 0.1 $7,104,051
LEL Lithenergy 2% -3% -10% -34% 0.52 $52,535,100
ARN Aldoro Resources -5% -12% 1% -63% 0.084 $11,846,889
NMT Neometals Ltd -6% -21% -8% -81% 0.17 $112,084,257
IGO IGO Limited -4% -8% -20% -51% 7.14 $5,649,217,885
AAJ Aruma Resources Ltd 0% 4% 4% -66% 0.027 $5,316,071
PAM Pan Asia Metals -3% -6% 19% -60% 0.155 $26,850,684
AX8 Accelerate Resources 0% -3% -25% 7% 0.03 $17,193,053
AM7 Arcadia Minerals 0% 1% -10% -68% 0.07 $7,633,507
AS2 Askarimetalslimited 0% 0% -16% -77% 0.16 $12,472,034
BYH Bryah Resources Ltd 0% -14% -4% -53% 0.012 $5,203,287
EMS Eastern Metals 0% 0% 9% -59% 0.036 $2,967,345
FG1 Flynngold 15% 13% 25% -36% 0.06 $7,577,661
FRS Forrestaniaresources -3% 0% -3% -81% 0.03 $5,015,358
GSM Golden State Mining 0% -8% -25% -74% 0.012 $3,352,448
IMI Infinitymining 0% 8% -10% -52% 0.13 $15,437,941
LRV Larvottoresources -3% -7% -16% -58% 0.066 $15,205,592
MMC Mitremining 2% -8% -6% -23% 0.22 $12,187,839
RAG Ragnar Metals Ltd 0% -4% 5% 85% 0.023 $10,901,562
CTN Catalina Resources 0% -13% -30% -59% 0.0035 $4,334,704
TMB Tambourahmetals -10% -14% -27% -14% 0.095 $8,708,737
TEM Tempest Minerals 0% 0% 0% -71% 0.008 $4,152,995
EMC Everest Metals Corp -5% -8% -5% -27% 0.077 $13,225,932
WCN White Cliff Min Ltd 13% 70% 70% 21% 0.017 $19,152,890
WML Woomera Mining Ltd 29% -64% -68% -50% 0.009 $8,526,973
AZL Arizona Lithium Ltd -2% -6% -37% -63% 0.0245 $93,921,772
CRR Critical Resources -6% -16% -20% -63% 0.016 $30,223,455
KGD Kula Gold Limited 8% -19% -19% -52% 0.013 $5,032,389
LRS Latin Resources Ltd -7% -1% -5% 81% 0.2175 $657,120,207
PNN Power Minerals Ltd -3% -5% -16% -66% 0.185 $16,601,459
WR1 Winsome Resources -5% -18% -32% -60% 0.7 $141,180,938
KZR Kalamazoo Resources 0% -35% -5% -52% 0.1 $17,301,782
MTM MTM Critical Metals -1% -37% 248% -10% 0.073 $7,358,344
QXR Qx Resources Limited 0% -5% -16% -57% 0.021 $23,311,635
SCN Scorpion Minerals 3% 0% -18% -57% 0.031 $12,283,686
AZI Altamin Limited 0% 9% 21% -25% 0.063 $26,971,682
ENT Enterprise Metals 0% 0% 0% -60% 0.004 $3,207,884
KAI Kairos Minerals Ltd 0% -7% -13% -40% 0.013 $34,071,858
STM Sunstone Metals Ltd 0% -14% -8% -73% 0.012 $41,852,819
PGD Peregrine Gold 5% 5% 43% -33% 0.33 $21,103,892
AVW Avira Resources Ltd 0% 0% 100% -33% 0.002 $4,267,580
NVA Nova Minerals Ltd 2% -3% -15% -52% 0.33 $68,539,237
GT1 Greentechnology -5% -21% -28% -79% 0.19 $63,450,419
BNR Bulletin Res Ltd -5% -20% -17% -5% 0.1 $30,829,399
CAI Calidus Resources 2% 8% 20% -44% 0.21 $125,525,802
MRR Minrex Resources Ltd 0% 0% -12% -63% 0.015 $16,273,013
A8G Australasian Metals 0% -10% -10% -33% 0.135 $7,036,267
EFE Eastern Resources 6% 6% -6% -53% 0.0085 $9,935,572
MQR Marquee Resource Ltd 0% -11% -14% -45% 0.024 $9,921,225
SRZ Stellar Resources 8% -19% -19% -57% 0.0065 $6,894,159
LSR Lodestar Minerals 0% 17% -13% -30% 0.0035 $7,081,891
NWM Norwest Minerals 0% -19% -4% -61% 0.026 $7,476,807
AOA Ausmon Resorces 0% 0% 0% -50% 0.003 $3,020,998
VKA Viking Mines Ltd -7% 0% 17% 100% 0.014 $15,378,876
IPT Impact Minerals 0% 0% 20% 20% 0.012 $34,376,447
SRI Sipa Resources Ltd -4% 0% -14% -42% 0.025 $5,932,112
VMC Venus Metals Cor Ltd 0% -3% -16% 19% 0.097 $18,403,682
RGL Riversgold 5% -15% -8% -61% 0.011 $10,160,445
ZNC Zenith Minerals Ltd 0% 26% 3% -32% 0.17 $59,904,750
RAS Ragusa Minerals Ltd -3% 19% 3% -68% 0.038 $5,561,353
G88 Golden Mile Res Ltd 0% -6% -6% -27% 0.017 $5,599,622
EPM Eclipse Metals -11% 0% 14% -62% 0.008 $18,562,988
EVR Ev Resources Ltd 0% 8% 44% -13% 0.013 $14,294,648
WC8 Wildcat Resources -10% -23% -37% 1483% 0.475 $633,794,205
MNS Magnis Energy Tech 0% 0% 0% -90% 0.042 $50,378,922
RIO Rio Tinto Limited 0% -2% -4% 5% 126.89 #############
THR Thor Energy PLC 3% 16% 42% -38% 0.037 $6,697,308
YAR Yari Minerals Ltd 0% 22% 22% -35% 0.011 $5,305,936
MXR Maximus Resources 0% 14% 20% -5% 0.042 $13,479,722
DRE Dreadnought Resources Ltd 4% 0% -13% -72% 0.027 $90,455,897
MM1 Midasmineralsltd 0% 0% 4% -28% 0.13 $11,277,142
M2R Miramar 0% 20% 11% -58% 0.03 $4,466,086
LLI Loyal Lithium Ltd -6% -25% -2% -15% 0.305 $27,068,379
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% 11% 36% -54% 0.03 $11,111,736
ZEO Zeotech Limited 0% -3% -20% -36% 0.028 $48,535,846
ALY Alchemy Resource Ltd 0% -10% -10% -50% 0.009 $10,602,686
LIS Lisenergylimited -6% -9% -21% -60% 0.15 $102,432,037
GW1 Greenwing Resources -9% -20% 11% -69% 0.1 $19,167,663
KTA Krakatoa Resources -4% -29% -46% -46% 0.022 $10,858,466
TYX Tyranna Res Ltd -3% -6% -3% -30% 0.016 $54,242,518
DAF Discovery Alaska Ltd 0% 0% 59% 4% 0.027 $6,324,337
FTL Firetail Resources 0% -9% -22% -54% 0.064 $9,529,956
IR1 Irismetals -10% -20% -36% -43% 0.665 $95,171,462
LNR Lanthanein Resources 0% -18% -10% -57% 0.009 $11,608,307
DAL Dalaroometalsltd -8% -4% 5% -74% 0.023 $2,068,750
TKM Trek Metals Ltd -2% 3% -9% -45% 0.041 $21,549,228
CY5 Cygnus Metals Ltd 0% -13% -23% -75% 0.1 $29,155,914
TUL Tulla Resources 0% -100% -100% -100% 0 $118,262,971
WES Wesfarmers Limited 0% 0% 3% 16% 56.96 #############
LLL Leolithiumlimited 0% 0% 0% -10% 0.505 $498,553,663
OCN Oceanalithiumlimited -7% -15% -31% -83% 0.079 $4,596,503
A11 Atlantic Lithium -2% -2% -19% -41% 0.395 $255,321,509
CMD Cassius Mining Ltd -3% -3% 3% 75% 0.035 $18,093,980
VSR Voltaic Strategic 0% -16% -24% -36% 0.016 $7,729,662
SGQ St George Min Ltd -3% -6% -9% -56% 0.032 $32,476,246
LLO Lion One Metals Ltd 0% 3% -3% -17% 0.93 $14,252,921
PAT Patriot Lithium -3% -22% -30% -52% 0.14 $9,934,984
PL3 Patagonia Lithium 0% 0% 8% 0% 0.13 $6,386,705
BUR Burleyminerals 8% -7% -21% -43% 0.135 $12,912,095
CHR Charger Metals 0% 10% -3% -60% 0.17 $13,161,443
RMX Red Mount Min Ltd