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High Voltage: These are the ASX small cap stocks taking Australia’s battery industry downstream
A mammoth package of policies and incentives for the local battery sector could be great news for ASX stocks building … Read More
The post High Voltage:…
- US’ US$369 billion clean energy Inflation Reduction Act acting as a powerful magnet for finance, workers, and manufacturing
- Aussie Government launches similar-looking National Battery Strategy
- “Our general approach should be one where if we mine it here, we should make it here”: Minister for Science and Industry Ed Husic
- There are several listed small cap stocks taking Australia’s battery industry downstream
Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, manganese, magnesium, and vanadium.
Australia is a global mining leader, but things fizzle out as we go downstream.
Downstream – chemicals, anode/cathode, and battery production – is usually where the big margins are.
It’s also generally more complex, which is why China, with its decades of experience, leads the world in downstream processing of battery raw materials.
The US, in a well-publicised move, is looking to change that.
It recently introduced the Inflation Reduction Act, a mammoth package of policies and incentives targeting US$369 billion ($520 billion) of clean energy and climate change initiatives.
This is already acting as a powerful magnet for finance, workers, and tech manufacturing.
Clean Energy Council CEO Kane Thornton said Australia needs to do something similar or risk losing thousands of jobs and significant international investment to its North American ally.
“Australia has a prime opportunity to become a clean energy superpower, but the brightest minds and the biggest wallets are now looking to the US for their best opportunity,” Thornton says.
“It is immediately clear the US package dwarfs the level of support Australian governments provide for the clean energy transition.”
Which is understandable. The US is the biggest economy in the world, while Australia sits at #13 behind Brazil, Russia, and South Korea.
Still, we do have other advantages over the US; namely, that all the raw materials needed for the energy transition — lithium, cobalt, nickel, copper, manganese, vanadium – can be mined and processed right here.
An Aussie Battery Masterplan
But Thornton says Australia still requires a “coherent masterplan” to become a global energy superpower and called on the Federal Government to formally articulate its strategy.
This seems to be happening. The Federal Government has already requested a detailed analysis from Dr Alan Finkel on the implications of the Inflation Reduction Act, he says.
Meanwhile, last Friday, Federal Minister for Science and Industry Ed Husic visited the 4000sqm ‘Gigafactory’ of unlisted company Renaissance One in NSW to announce consultation for the country’s first National Battery Strategy.
“Our general approach should be one where if we mine it here, we should make it here,” Husic says.
“Global demand for existing and next-generation batteries is forecast to increase nine to 10-fold over the next decade.
“That’s why it is important that we harness the opportunity to become a key player in battery manufacturing and export on the world stage.”
Which ASX stocks could benefit?
A mammoth package of policies and incentives for the local battery sector could be great news for the ASX stocks looking to build their businesses Down Under.
These are some of the listed small cap stocks taking Australia’s battery industry downstream.
Anodes
There is 10 times more graphite than lithium in a lithium-ion battery, with each EV requiring ~55kg of flake graphite to make the battery anode.
It’s a complex process, one requiring years of testing and piloting to get right.
First, graphite ore is processed into a flake concentrate, which is then shaped in a process called ‘spheronisation’.
Then it is purified to 99.95 per cent.
At that point we have a potato shaped particle, sized to a certain diameter, which is +99.95 per cent graphitic carbon.
Here’s what a particle of purified spherical graphite (PSG) looks like:
Just joking, it’s tiny.
Then these particles must be coated. Once coated, spherical purified graphite is called ‘active anode material’.
Now it is ready for sale to a cell maker.
Last year, two ambitious graphite players – Renascor Resources (ASX:RNU) and Ecograf (ASX:EGR) – were conditionally approved for loans under the Commonwealth’s $2 billion Critical Minerals Facility.
RNU says its vertically integrated Siviour Battery Anode Material (BAM) project in South Australia will be among the world’s lowest cost producers of this important value-added graphite product.
It recently completed a $70m placement to accelerate the expansion and development of the project, including bringing forward construction and operation of the upstream mine and concentrator portion.
A final investment decision is due this year.
EGR is building three standalone businesses – mining in Tanzania, downstream processing in WA, and recycling.
Its conditionally approved ~US$40 million loan under the Critical Minerals Facility will support the planned expansion of its Perth-based BAM facility to 20,000tpa.
First, it is focused on constructing and commissioning the initial 5,000tpa facility.
Meanwhile, newly listed International Graphite (ASX:IG6) wants to build an integrated mine and downstream graphite business in southern WA, with the ultimate goal to produce BAM for battery makers.
IG6 has already established a piloting facility (a smaller version of a commercial plant), for the downstream processing of graphite products.
A revised feasibility study for an expanded commercial scale graphite micronising operation is due to be completed in the March 2023 quarter, providing more impetus for a planned start to commercial operations by 2024.
RNU, EGR, IG6 share price chart
Other battery technologies
Alternatives are coming to the fore as experts increasingly agree that there won’t be enough raw materials to supply lithium-ion batteries for both EVs and stationary storage applications.
AVL (ASX:AVL) is nearing development at its flagship Australian vanadium project in WA.
It is also eyeing downstream opportunities in the vanadium market – namely, vanadium electrolyte manufacturing and opportunities in the vanadium redox flow battery market through subsidiary VSUN Energy.
VRFBs are considered safer (they don’t catch fire), more scalable, and longer lasting than their lithium counterparts with a lifespan of more than 20 years.
VSUN is currently installing a battery system at the IGO (ASX:IGO) Nova nickel operation.
It has also been working to develop a 5kW/15kWh residential version of the VRFB for people who are looking for an alternative to lithium-ion batteries:
Then there are zinc-bromine flow batteries, as popularised by Queensland company Redflow (ASX:RFX).
RFX says these batteries are designed for tough Aussie conditions and are scalable from small systems through to grid-scale deployments.
The company’s sales pipeline has continued to grow over 2Q FY2023.
Several large potential projects have progressed in recent months in the US and Australia, as well as selected other specific opportunities in other markets.
“We are also working on several new exciting opportunities that have the potential to be material to Redflow,” it says.
“A number of those projects are multi-MWh in size.”
AVL and RFX share price charts
Here’s how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese, and vanadium is performing>>>
Battery metals stocks missing from our list? Shoot a mail to [email protected].
| CODE | COMPANY | 1 WEEK RETURN % | 1 MONTH RETURN % | 6 MONTH RETURN % | 1 YEAR RETURN % | PRICE | MARKET CAP |
|---|---|---|---|---|---|---|---|
| PSC | Prospect Res Ltd | 50% | 70% | 63% | 361% | 0.195 | $99,385,784 |
| RBX | Resource B | 40% | 69% | 12% | -30% | 0.14 | $7,419,078 |
| PEK | Peak Rare Earths Ltd | 31% | 42% | 2% | -19% | 0.64 | $114,420,587 |
| GRE | Greentechmetals | 30% | 11% | -52% | -48% | 0.15 | $4,843,500 |
| EVR | Ev Resources Ltd | 27% | 36% | -41% | -69% | 0.019 | $18,719,681 |
| XTC | Xantippe Res Ltd | 20% | 0% | -40% | -45% | 0.006 | $62,070,208 |
| WMG | Western Mines | 19% | 19% | 23% | 6% | 0.19 | $6,770,363 |
| L1M | Lightning Minerals | 18% | 22% | 0% | 0% | 0.225 | $8,199,675 |
| PVW | PVW Res Ltd | 17% | 23% | -49% | -80% | 0.135 | $13,023,063 |
| PUR | Pursuit Minerals | 17% | 23% | 59% | 8% | 0.027 | $27,421,196 |
| ADD | Adavale Resource Ltd | 15% | 28% | -8% | -41% | 0.023 | $11,949,100 |
| JRL | Jindalee Resources | 15% | 43% | -7% | -8% | 2.71 | $148,037,732 |
| TKL | Traka Resources | 14% | 14% | 14% | -47% | 0.008 | $5,782,196 |
| BYH | Bryah Resources Ltd | 14% | -4% | -15% | -56% | 0.025 | $7,031,337 |
| VML | Vital Metals Limited | 13% | 8% | -43% | -46% | 0.026 | $122,041,444 |
| VTM | Victory Metals Ltd | 13% | 7% | -2% | 18% | 0.225 | $11,807,113 |
| ABX | ABX Group Limited | 11% | 35% | 5% | 11% | 0.155 | $35,774,530 |
| KAI | Kairos Minerals Ltd | 10% | -4% | -31% | -15% | 0.022 | $45,174,150 |
| KTA | Krakatoa Resources | 10% | -2% | -35% | -10% | 0.044 | $15,167,236 |
| NMT | Neometals Ltd | 10% | -6% | -37% | -37% | 0.8675 | $464,302,588 |
| BM8 | Battery Age Minerals | 10% | 2% | 2% | 24% | 0.51 | $40,077,808 |
| IPX | Iperionx Limited | 9% | 17% | 7% | -6% | 0.91 | $160,204,697 |
| ADV | Ardiden Ltd | 7% | -12% | -17% | -56% | 0.0075 | $20,162,515 |
| AM7 | Arcadia Minerals | 7% | 0% | 59% | -6% | 0.23 | $10,740,515 |
| MNS | Magnis Energy Tech | 7% | 12% | -5% | -12% | 0.4375 | $426,945,853 |
| ESR | Estrella Res Ltd | 7% | -6% | -6% | -50% | 0.016 | $23,737,150 |
| SUM | Summitminerals | 7% | 7% | -9% | 0% | 0.16 | $3,832,770 |
| LRS | Latin Resources Ltd | 7% | 2% | 11% | 240% | 0.1225 | $264,198,590 |
| STM | Sunstone Metals Ltd | 6% | -18% | -31% | -65% | 0.033 | $89,095,178 |
| IG6 | Internationalgraphit | 6% | 6% | -13% | 0% | 0.265 | $22,876,908 |
| HXG | Hexagon Energy | 6% | 0% | -5% | -68% | 0.018 | $9,232,486 |
| EFE | Eastern Resources | 6% | -5% | -47% | -69% | 0.018 | $22,355,036 |
| CZL | Cons Zinc Ltd | 6% | 6% | -24% | -32% | 0.019 | $10,129,514 |
| SGQ | St George Min Ltd | 5% | 14% | 158% | 31% | 0.08 | $68,665,615 |
| PVT | Pivotal Metals Ltd | 5% | -2% | 43% | -33% | 0.04 | $19,076,450 |
| BUR | Burleyminerals | 5% | 29% | 210% | 94% | 0.31 | $20,266,737 |
| NTU | Northern Min Ltd | 5% | -9% | 2% | -16% | 0.042 | $213,261,128 |
| QPM | Queensland Pacific | 5% | -9% | -28% | -38% | 0.105 | $183,366,532 |
| RAS | Ragusa Minerals Ltd | 5% | -4% | -18% | 64% | 0.115 | $15,685,866 |
| CDT | Castle Minerals | 4% | -8% | -29% | -56% | 0.024 | $23,987,832 |
| CMO | Cosmometalslimited | 4% | -13% | -7% | -38% | 0.14 | $3,826,500 |
| AML | Aeon Metals Ltd. | 4% | -6% | -3% | -38% | 0.029 | $31,795,618 |
| LOT | Lotus Resources Ltd | 3% | 1% | -3% | -9% | 0.2325 | $305,345,214 |
| ARU | Arafura Rare Earths | 3% | 19% | 123% | 198% | 0.625 | $1,276,284,936 |
| OM1 | Omnia Metals Group | 3% | 17% | 13% | 0% | 0.175 | $5,157,609 |
| GLN | Galan Lithium Ltd | 3% | -2% | -17% | -25% | 1.135 | $343,745,254 |
| A8G | Australasian Metals | 3% | -14% | -32% | -66% | 0.19 | $7,822,394 |
| AGY | Argosy Minerals Ltd | 2% | 10% | 77% | 91% | 0.715 | $1,046,283,586 |
| FGR | First Graphene Ltd | 2% | 0% | -31% | -50% | 0.1 | $58,131,639 |
| VMS | Venture Minerals | 2% | -9% | -20% | -39% | 0.0255 | $42,400,982 |
| MLS | Metals Australia | 2% | 4% | -26% | 33% | 0.053 | $32,779,954 |
| LEG | Legend Mining | 2% | 25% | -4% | -23% | 0.055 | $148,777,329 |
| CMX | Chemxmaterials | 2% | -16% | -18% | -36% | 0.1475 | $7,472,516 |
| AR3 | Austrare | 2% | -11% | -24% | -63% | 0.31 | $29,036,473 |
| NWM | Norwest Minerals | 2% | -11% | 52% | 10% | 0.064 | $15,103,302 |
| IXR | Ionic Rare Earths | 1% | -13% | -35% | -45% | 0.0355 | $141,933,777 |
| PLS | Pilbara Min Ltd | 1% | 21% | 55% | 50% | 4.83 | $14,540,152,027 |
| CNB | Carnaby Resource Ltd | 1% | 11% | 15% | -31% | 1.14 | $170,189,246 |
| AXE | Archer Materials | 1% | 2% | -29% | -46% | 0.605 | $151,869,996 |
| S32 | South32 Limited | 1% | 1% | 15% | 5% | 4.645 | $20,940,138,542 |
| MCR | Mincor Resources NL | 1% | -3% | -22% | -11% | 1.58 | $848,513,734 |
| VIA | Viagold Rare Earth | 0% | 0% | 0% | 0% | 2 | $166,624,808 |
| AZS | Azure Minerals | 0% | 5% | 21% | -22% | 0.315 | $106,798,120 |
| LPD | Lepidico Ltd | 0% | -6% | -50% | -58% | 0.015 | $122,204,348 |
| MRD | Mount Ridley Mines | 0% | -9% | 0% | -44% | 0.005 | $31,139,531 |
| CZN | Corazon Ltd | 0% | 16% | 16% | -28% | 0.022 | $12,816,942 |
| AVZ | AVZ Minerals Ltd | 0% | 0% | 0% | -10% | 0.78 | $2,752,409,203 |
| RLC | Reedy Lagoon Corp. | 0% | -18% | -47% | -72% | 0.009 | $5,100,476 |
| GBR | Greatbould Resources | 0% | -3% | -28% | -39% | 0.086 | $37,528,917 |
| IGO | IGO Limited | 0% | -2% | 20% | 19% | 14.44 | $10,987,955,967 |
| CWX | Carawine Resources | 0% | -4% | 5% | -32% | 0.115 | $21,649,921 |
| TMT | Technology Metals | 0% | -10% | -14% | -9% | 0.315 | $65,045,613 |
| FFX | Firefinch Ltd | 0% | 0% | 0% | -16% | 0.2 | $236,248,644 |
| ATM | Aneka Tambang | 0% | 5% | -4% | 0% | 1.1 | $1,434,014 |
| ALY | Alchemy Resource Ltd | 0% | -11% | -6% | 31% | 0.017 | $20,027,296 |
| RMX | Red Mount Min Ltd | 0% | 33% | -14% | -40% | 0.006 | $12,554,183 |
| MRC | Mineral Commodities | 0% | -7% | -25% | -48% | 0.065 | $44,944,636 |
| G88 | Golden Mile Res Ltd | 0% | 5% | -27% | -60% | 0.022 | $4,296,385 |
| WKT | Walkabout Resources | 0% | 5% | -34% | -47% | 0.115 | $67,289,010 |
| BNR | Bulletin Res Ltd | 0% | 14% | -25% | 9% | 0.12 | $35,230,932 |
| RAG | Ragnar Metals Ltd | 0% | 14% | -67% | -58% | 0.016 | $6,066,958 |
| TMB | Tambourahmetals | 0% | 0% | -39% | -57% | 0.11 | $4,325,223 |
| WML | Woomera Mining Ltd | 0% | -16% | -5% | -15% | 0.016 | $14,342,418 |
| KOR | Korab Resources | 0% | -13% | -34% | -54% | 0.023 | $8,442,150 |
| JMS | Jupiter Mines. | 0% | 0% | 12% | 5% | 0.23 | $450,567,938 |
| ENT | Enterprise Metals | 0% | 0% | -18% | -36% | 0.009 | $6,345,726 |
| GCM | Green Critical Min | 0% | -18% | 26% | 35% | 0.018 | $18,743,094 |
| ENV | Enova Mining Limited | 0% | 0% | -25% | -43% | 0.012 | $4,691,152 |
| RR1 | Reach Resources Ltd | 0% | 25% | 25% | -38% | 0.005 | $9,550,253 |
| WIN | Widgienickellimited | 0% | -10% | 0% | -8% | 0.33 | $82,834,233 |
| SRZ | Stellar Resources | 0% | -8% | -33% | -64% | 0.012 | $12,055,571 |
| THR | Thor Energy PLC | 0% | 0% | -37% | -60% | 0.006 | $8,853,677 |
| HRE | Heavy Rare Earths | 0% | 4% | 0% | 0% | 0.14 | $8,328,310 |
| RR1 | Reach Resources Ltd | 0% | 25% | 25% | -38% | 0.005 | $9,550,253 |
| AOA | Ausmon Resorces | 0% | 0% | 9% | -20% | 0.006 | $4,852,591 |
| GRL | Godolphin Resources | 0% | 2% | 6% | -31% | 0.09 | $9,706,295 |
| OZL | OZ Minerals | 0% | 0% | 9% | 8% | 27.93 | $9,350,142,816 |
| COB | Cobalt Blue Ltd | 0% | -15% | -38% | -6% | 0.5375 | $203,531,642 |
| OMH | OM Holdings Limited | -1% | 17% | 26% | -11% | 0.84 | $613,057,370 |
| TLG | Talga Group Ltd | -1% | 4% | 26% | 19% | 1.72 | $575,043,678 |
| BHP | BHP Group Limited | -1% | -4% | 23% | 10% | 47.7 | $242,500,830,016 |
| EMC | Everest Metals Corp | -1% | -18% | -14% | -27% | 0.09 | $9,578,980 |
| EMS | Eastern Metals | -1% | -1% | -52% | -71% | 0.079 | $3,086,089 |
| CTM | Centaurus Metals Ltd | -1% | -4% | 5% | -8% | 1.135 | $484,765,620 |
| MIN | Mineral Resources. | -2% | -1% | 47% | 64% | 87.21 | $17,258,756,827 |
| NC1 | Nicoresourceslimited | -2% | -15% | -38% | -7% | 0.56 | $50,117,251 |
| PRL | Province Resources | -2% | -10% | -62% | -59% | 0.055 | $64,982,123 |
| ARR | American Rare Earths | -2% | 18% | -29% | -45% | 0.26 | $111,595,200 |
| CAI | Calidus Resources | -2% | -33% | -61% | -62% | 0.26 | $98,854,993 |
| MAN | Mandrake Res Ltd | -2% | 9% | 9% | 2% | 0.051 | $28,729,996 |
| RNU | Renascor Res Ltd | -2% | -4% | 16% | -22% | 0.25 | $634,851,875 |
| ETM | Energy Transition | -2% | -13% | -36% | -35% | 0.049 | $66,431,457 |
| BCA | Black Canyon Limited | -2% | -6% | 11% | -6% | 0.245 | $10,986,406 |
| PGD | Peregrine Gold | -2% | 7% | -47% | -16% | 0.48 | $19,769,073 |
| NIC | Nickel Industries | -2% | -5% | -8% | -26% | 1.0575 | $3,184,751,652 |
| AZL | Arizona Lithium Ltd | -2% | 1% | -35% | -53% | 0.0685 | $168,532,820 |
| ILU | Iluka Resources | -2% | 6% | 8% | -1% | 10.9 | $4,610,513,838 |
| EMH | European Metals Hldg | -2% | -2% | -29% | -49% | 0.665 | $86,308,227 |
| QEM | QEM Limited | -2% | 13% | -10% | 19% | 0.215 | $29,731,585 |
| CHN | Chalice Mining Ltd | -2% | -7% | 29% | -21% | 6.27 | $2,382,910,738 |
| NVA | Nova Minerals Ltd | -2% | -8% | -26% | -28% | 0.615 | $129,183,291 |
| PNT | Panthermetalsltd | -3% | -5% | -19% | -22% | 0.19 | $5,842,500 |
| MTM | Mtmongerresources | -3% | -6% | -37% | -58% | 0.076 | $4,333,841 |
| LML | Lincoln Minerals | -3% | 440% | 440% | 440% | 0.037 | $18,974,462 |
| LMG | Latrobe Magnesium | -3% | -4% | -19% | -30% | 0.074 | $121,746,403 |
| PAM | Pan Asia Metals | -3% | -11% | -23% | -37% | 0.36 | $52,868,012 |
| SYR | Syrah Resources | -3% | -13% | 24% | 35% | 1.94 | $1,269,817,753 |
| AVL | Aust Vanadium Ltd | -3% | 10% | -38% | -16% | 0.032 | $139,636,007 |
| WC1 | Westcobarmetals | -3% | -6% | 29% | 3% | 0.155 | $13,389,480 |
| SRI | Sipa Resources Ltd | -3% | -17% | -30% | -40% | 0.03 | $6,388,428 |
| 1AE | Auroraenergymetals | -3% | -15% | -45% | 0% | 0.145 | $17,799,356 |
| WC8 | Wildcat Resources | -3% | -10% | -7% | -18% | 0.028 | $19,198,659 |
| AKE | Allkem Limited | -4% | 1% | 1% | 33% | 12.54 | $8,053,621,626 |
| AUZ | Australian Mines Ltd | -4% | 4% | -42% | -70% | 0.054 | $29,314,841 |
| PLL | Piedmont Lithium Inc | -4% | 9% | 19% | 36% | 0.94 | $395,935,100 |
| CRR | Critical Resources | -4% | 15% | -9% | -47% | 0.053 | $87,468,294 |
| AX8 | Accelerate Resources | -4% | 8% | -30% | -38% | 0.026 | $9,817,646 |
| BC8 | Black Cat Syndicate | -4% | 3% | 3% | -34% | 0.39 | $103,799,262 |
| LEL | Lithenergy | -4% | 11% | -21% | -19% | 0.89 | $54,135,000 |
| ESS | Essential Metals Ltd | -4% | 1% | -8% | 20% | 0.5 | $135,121,180 |
| RGL | Riversgold | -4% | -7% | -36% | 25% | 0.025 | $24,582,161 |
| AZI | Altamin Limited | -4% | -6% | -18% | 20% | 0.073 | $29,378,756 |
| PNN | Power Minerals Ltd | -4% | -15% | -14% | 9% | 0.48 | $34,678,005 |
| AAJ | Aruma Resources Ltd | -4% | 3% | -9% | -40% | 0.072 | $11,458,190 |
| OCN | Oceanalithiumlimited | -4% | -20% | -32% | 0% | 0.35 | $12,744,900 |
| PTR | Petratherm Ltd | -4% | 4% | -13% | 84% | 0.07 | $15,732,580 |
| MRR | Minrex Resources Ltd | -4% | -12% | -45% | -51% | 0.0345 | $36,885,495 |
| FG1 | Flynngold | -4% | -6% | 6% | -45% | 0.09 | $9,361,492 |
| ZNC | Zenith Minerals Ltd | -4% | -12% | -25% | -38% | 0.225 | $79,133,860 |
| QXR | Qx Resources Limited | -4% | -20% | 13% | 16% | 0.044 | $40,358,804 |
| GSM | Golden State Mining | -4% | -17% | -27% | -56% | 0.044 | $5,148,625 |
| PAN | Panoramic Resources | -4% | -19% | -31% | -38% | 0.1625 | $328,146,241 |
| IMI | Infinitymining | -4% | -22% | 43% | 19% | 0.215 | $16,060,447 |
| HAS | Hastings Tech Met | -5% | -13% | -31% | -44% | 3.16 | $419,830,171 |
| LNR | Lanthanein Resources | -5% | -9% | -28% | -43% | 0.021 | $25,796,238 |
| LNR | Lanthanein Resources | -5% | -9% | -28% | -43% | 0.021 | $25,796,238 |
| TVN | Tivan Limited | -5% | 0% | -27% | 18% | 0.08 | $108,296,621 |
| MOH | Moho Resources | -5% | -5% | -29% | -65% | 0.02 | $4,153,244 |
| VR8 | Vanadium Resources | -5% | 11% | 7% | 0% | 0.079 | $40,206,227 |
| SBR | Sabre Resources | -5% | -21% | -24% | -24% | 0.038 | $11,076,475 |
| RDT | Red Dirt Metals Ltd | -5% | 2% | 3% | -25% | 0.465 | $211,331,058 |
| POS | Poseidon Nick Ltd | -5% | -18% | -35% | -62% | 0.037 | $129,353,174 |
| CXO | Core Lithium | -5% | -11% | -31% | 17% | 1.01 | $1,896,435,042 |
| BRB | Breaker Res NL | -5% | -17% | 20% | 12% | 0.275 | $90,647,114 |
| LPM | Lithium Plus | -5% | -6% | -47% | 0% | 0.365 | $17,473,629 |
| ASO | Aston Minerals Ltd | -5% | 11% | -1% | -45% | 0.091 | $100,217,784 |
| TAR | Taruga Minerals | -5% | -25% | -28% | -54% | 0.018 | $12,708,482 |
| MLX | Metals X Limited | -5% | -15% | 18% | -42% | 0.355 | $313,006,793 |
| RXL | Rox Resources | -5% | -5% | -36% | -57% | 0.175 | $38,009,623 |
| TKM | Trek Metals Ltd | -5% | -11% | -1% | -18% | 0.07 | $24,384,321 |
| AOU | Auroch Minerals Ltd | -5% | 6% | -12% | -50% | 0.0605 | $26,526,398 |
| DVP | Develop Global Ltd | -6% | -6% | 32% | 8% | 3.34 | $556,661,711 |
| MMC | Mitremining | -6% | 2% | 152% | 61% | 0.29 | $9,895,903 |
| AQD | Ausquest Limited | -6% | 7% | -16% | -16% | 0.016 | $13,202,388 |
| FRB | Firebird Metals | -6% | -14% | -24% | -55% | 0.16 | $11,358,049 |
| DRE | Dreadnought Resources Ltd | -6% | -10% | 1% | 109% | 0.094 | $309,610,453 |
| DEV | Devex Resources Ltd | -6% | -12% | -32% | -38% | 0.2725 | $101,964,108 |
| BKT | Black Rock Mining | -6% | 7% | -16% | -42% | 0.155 | $157,223,045 |
| CHR | Charger Metals | -6% | -16% | -29% | -52% | 0.385 | $17,267,175 |
| SYA | Sayona Mining Ltd | -6% | 0% | -16% | 84% | 0.23 | $2,128,957,971 |
| S2R | S2 Resources | -6% | -13% | -3% | -17% | 0.15 | $53,531,228 |
| SLZ | Sultan Resources Ltd | -6% | -34% | -59% | -61% | 0.06 | $5,080,348 |
| AS2 | Askarimetalslimited | -6% | -12% | 41% | 58% | 0.6 | $29,429,610 |
| CAE | Cannindah Resources | -6% | -12% | -12% | -34% | 0.22 | $126,092,889 |
| BSX | Blackstone Ltd | -6% | -3% | -48% | -76% | 0.145 | $68,640,845 |
| GAL | Galileo Mining Ltd | -6% | -22% | -24% | 288% | 0.795 | $164,028,689 |
| ARN | Aldoro Resources | -7% | -5% | -24% | -48% | 0.21 | $25,405,271 |
| NWC | New World Resources | -7% | 38% | 50% | -15% | 0.054 | $120,013,047 |
| GSR | Greenstone Resources | -7% | -13% | -61% | -27% | 0.027 | $27,970,253 |
| PAT | Patriot Lithium | -7% | 29% | 0% | 0% | 0.405 | $24,861,376 |
| FTL | Firetail Resources | -7% | -10% | -49% | 0% | 0.13 | $8,450,000 |
| KNI | Kunikolimited | -7% | -10% | -48% | -48% | 0.51 | $25,752,608 |
| M24 | Mamba Exploration | -7% | -5% | 58% | -7% | 0.19 | $11,586,834 |
| LTR | Liontown Resources | -7% | -11% | -18% | -9% | 1.39 | $3,077,836,486 |
| WR1 | Winsome Resources | -7% | 6% | 581% | 396% | 2.01 | $321,563,034 |
| TEM | Tempest Minerals | -7% | -11% | -43% | 4% | 0.025 | $12,114,393 |
| ITM | Itech Minerals Ltd | -7% | 7% | -19% | -35% | 0.31 | $37,418,740 |
| SCN | Scorpion Minerals | -8% | 6% | 12% | 0% | 0.074 | $25,927,964 |
| VRC | Volt Resources Ltd | -8% | -20% | -40% | -43% | 0.012 | $46,553,087 |
| OD6 | Od6Metalsltd | -8% | -12% | 76% | 0% | 0.3 | $17,604,959 |
| LPI | Lithium Pwr Int Ltd | -8% | -20% | -39% | -43% | 0.3875 | $251,639,024 |
| CNJ | Conico Ltd | -8% | 28% | -67% | -20% | 0.0115 | $16,004,649 |
| ASM | Ausstratmaterials | -8% | 43% | -46% | -74% | 2.27 | $383,422,022 |
| LIT | Lithium Australia | -8% | -8% | -47% | -63% | 0.045 | $56,174,817 |
| DTM | Dart Mining NL | -8% | -18% | -46% | -47% | 0.045 | $7,158,546 |
| WCN | White Cliff Min Ltd | -8% | -21% | -21% | -65% | 0.011 | $8,624,599 |
| LRV | Larvottoresources | -9% | -6% | -37% | -41% | 0.16 | $10,760,756 |
| A11 | Atlantic Lithium | -9% | -1% | 0% | 0% | 0.665 | $396,760,787 |
| MEK | Meeka Metals Limited | -9% | -12% | -24% | -6% | 0.051 | $51,245,229 |
| GED | Golden Deeps | -9% | -5% | -23% | -9% | 0.01 | $12,129,880 |
| EMT | Emetals Limited | -9% | -9% | 11% | -47% | 0.01 | $9,350,000 |
| INR | Ioneer Ltd | -9% | -14% | -44% | -38% | 0.39 | $807,860,233 |
| EV1 | Evolutionenergy | -9% | 23% | -18% | -37% | 0.29 | $42,175,000 |
| GL1 | Globallith | -9% | -13% | 3% | 30% | 1.93 | $445,532,105 |
| NKL | Nickelxltd | -9% | -19% | -48% | -61% | 0.067 | $5,743,200 |
| AXN | Alliance Nickel Ltd | -10% | -3% | -10% | 40% | 0.095 | $61,038,097 |
| BOA | Boadicea Resources | -10% | -10% | -32% | -58% | 0.095 | $7,769,990 |
| LKE | Lake Resources | -10% | -17% | -51% | -25% | 0.6825 | $1,001,061,016 |
| M2R | Miramar | -10% | -9% | -26% | -66% | 0.073 | $5,583,858 |
| LYC | Lynas Rare Earths | -10% | -2% | -14% | -10% | 8.36 | $7,566,408,692 |
| VMC | Venus Metals Cor Ltd | -10% | 0% | -23% | -33% | 0.135 | $24,040,622 |
| LSR | Lodestar Minerals | -10% | -18% | -44% | -55% | 0.0045 | $7,822,968 |
| CTN | Catalina Resources | -10% | 0% | -10% | -57% | 0.009 | $12,384,869 |
| E25 | Element 25 Ltd | -10% | -33% | 5% | -41% | 0.765 | $144,749,880 |
| EMN | Euromanganese | -10% | -30% | -31% | -47% | 0.27 | $67,056,813 |
| DM1 | Desert Metals | -10% | -12% | -16% | -69% | 0.18 | $13,039,394 |
| INF | Infinity Lithium | -10% | 4% | -16% | -30% | 0.13 | $57,824,012 |
| BMM | Balkanminingandmin | -11% | 35% | 113% | 12% | 0.42 | $20,147,406 |
| 1MC | Morella Corporation | -11% | -14% | -50% | -55% | 0.0125 | $79,281,546 |
| ARL | Ardea Resources Ltd | -11% | -20% | -40% | -14% | 0.645 | $115,764,371 |
| KGD | Kula Gold Limited | -11% | -17% | -11% | -44% | 0.024 | $9,752,722 |
| PBL | Parabellumresources | -11% | -13% | 67% | 100% | 0.4 | $20,794,550 |
| LIN | Lindian Resources | -11% | -35% | -17% | 442% | 0.195 | $205,329,982 |
| AKN | Auking Mining Ltd | -11% | 2% | -28% | -46% | 0.093 | $16,057,315 |
| HNR | Hannans Ltd | -12% | -21% | -29% | -63% | 0.015 | $42,231,375 |
| CLA | Celsius Resource Ltd | -12% | -21% | 15% | -46% | 0.015 | $27,858,061 |
| MQR | Marquee Resource Ltd | -12% | -32% | -68% | -79% | 0.03 | $9,489,018 |
| TON | Triton Min Ltd | -12% | -3% | 37% | 12% | 0.037 | $55,311,367 |
| EUR | European Lithium Ltd | -12% | -16% | -18% | -37% | 0.072 | $107,243,699 |
| REE | Rarex Limited | -13% | 8% | -26% | -49% | 0.056 | $33,604,421 |
| EVG | Evion Group NL | -13% | -10% | -42% | -51% | 0.061 | $17,043,170 |
| EGR | Ecograf Limited | -13% | -3% | -56% | -66% | 0.2175 | $103,576,696 |
| NVX | Novonix Limited | -13% | -10% | -47% | -76% | 1.57 | $756,934,537 |
| BUX | Buxton Resources Ltd | -14% | 33% | 78% | 39% | 0.16 | $25,672,939 |
| GT1 | Greentechnology | -14% | -19% | 4% | -9% | 0.765 | $152,590,714 |
| IDA | Indiana Resources | -14% | -16% | -20% | -14% | 0.051 | $26,052,251 |
| RVT | Richmond Vanadium | -14% | 53% | 0% | 0% | 0.345 | $28,448,576 |
| VUL | Vulcan Energy | -14% | -11% | -35% | -35% | 6.16 | $952,410,399 |
| JRV | Jervois Global Ltd | -14% | -31% | -51% | -65% | 0.215 | $457,437,412 |
| IPT | Impact Minerals | -14% | 29% | 13% | -34% | 0.009 | $24,813,706 |
| KOB | Kobaresourceslimited | -14% | 11% | 0% | 0% | 0.15 | $11,400,000 |
| ASN | Anson Resources Ltd | -15% | 0% | 37% | 58% | 0.205 | $241,542,259 |
| STK | Strickland Metals | -15% | -17% | -36% | -47% | 0.034 | $51,312,649 |
| PGM | Platina Resources | -15% | 8% | -41% | -63% | 0.0195 | $12,463,607 |
| AVW | Avira Resources Ltd | -17% | -17% | -29% | -58% | 0.0025 | $5,334,475 |
| LLI | Loyal Lithium Ltd | -18% | 0% | 38% | 45% | 0.4 | $21,783,350 |
| PMT | Patriotbatterymetals | -18% | 61% | 0% | 0% | 1.485 | $268,779,201 |
| GW1 | Greenwing Resources | -19% | -31% | -17% | -38% | 0.24 | $37,806,011 |
| ODE | Odessa Minerals Ltd | -19% | -7% | -19% | -19% | 0.013 | $9,190,416 |
| KZR | Kalamazoo Resources | -20% | -25% | -39% | -51% | 0.165 | $25,299,294 |
| WA1 | Wa1Resourcesltd | -21% | -8% | 1017% | 470% | 1.34 | $48,044,254 |
| FRS | Forrestaniaresources | -22% | -22% | -24% | -68% | 0.125 | $8,524,782 |
| CLZ | Classic Min Ltd | -25% | -33% | -81% | -96% | 0.006 | $6,907,962 |
| CY5 | Cygnus Metals Ltd | -29% | -22% | 38% | 103% | 0.345 | $84,582,138 |
| KFM | Kingfisher Mining | -32% | -25% | 53% | 33% | 0.345 | $18,782,750 |
The post High Voltage: These are the ASX small cap stocks taking Australia’s battery industry downstream appeared first on Stockhead.
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