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R/€ = 17.5688 Change: 0.0231
R/$ = 16.9600 Change: -0.0415
Au 1760.57 $/oz Change: 10.77
Pt 1019.50 $/oz Change: 13.50
 

Lithium News

Electric vehicle revolution a rare investment opportunity as metals demand spikes

By: Henry Lazenby     1st December 2017 The rate at which global auto markets are adopting electrically powered vehicles (EVs) is accelerating at a much faster pace than even some of the keenest market observers have estimated at the start of 2017, and is opening up once-in-a-lifetime investment opportunities among the four key ‘energy... 

Dassault Systèmes heralding in new autonomous mining era  

By: Martin Creamer     30th November 2017 The 'mine of tomorrow' is expected to be a factory-like entity equipped with a multiplicity of autonomous devices, which are controlled by technology savvy personnel working from remote centres, attendees of the natural resources forum heard in Sandton on Thursday. The ‘mine of tomorrow’ would... 

Dassault Systèmes Geovia CEO Raoul Jacquand and Martin Creamer
Dassault Systèmes Geovia CEO Raoul Jacquand interviewed by Mining Weekly Online’s Martin Creamer on mine modernisation. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Resources Watch  

30th November 2017 This week: Argentina Lithium embarks on 10 000 m drill campaign And, Mato Products celebrates thirtieth anniversary 

Resources Watch
Resources Watch

European Metals raises £2.28m for lithium DFS

By: Creamer Media Reporter      30th November 2017 Australia- and UK-listed European Metals has raised £2.28-million through subscriptions to UK-based sophisticated investors. The funds will be used to advance the ongoing definitive feasibility study on the Cinovec deposit in the Czech Republic, which the company says is Europe’s largest lithium... 

European Metals raises £2.28m for lithium DFS

Galaxy seals lithium offtake contracts with Asian partners

By: Creamer Media Reporter      29th November 2017 Lithium miner Galaxy Resources has signed binding offtake agreements for 200 000 t/y of lithium concentrate from its Mt Cattlin operation and said on Wednesday that 100% of the planned output from the mine in Ravensthorpe, Western Australia, had now been sold on a five-year contract term. The... 

Magnis receives strong interest from flake graphite buyers

By: Samantha Herbst     28th November 2017 Having evolved into a diversified project developer with graphite mine developer operations and ownership in the large-scale manufacture of lithium-ion batteries, ASX-listed graphite buyer and seller Magnis Resources has received strong interest from a number of parties looking to source... 

European Metals reports increased indicated resource at Cinovec

By: Samantha Herbst     28th November 2017 Following a four-month drilling campaign, ASX- and Aim-listed European Metals has announced an additional upgrade of its Joint Ore Reserves Committee-compliant Cinovec lithium/tin project, in the Czech Republic, confirming the project’s status as Europe’s largest lithium resource. The drilling... 

Bald Hill project 'coming to life'

By: Mariaan Webb     28th November 2017 The Bald Hill lithium project, near Kambalda, in Western Australia, is proceeding apace with structural steel work now well advanced and the placement of mechanical equipment and electrical cable having started. Mark Calderwood, MD of Tawana Resources, which owns the project in a joint venture... 

Electric cars' success leaves Toyota isolated with hydrogen bet

By: Bloomberg     27th November 2017 Toyota Motor, which has made a big bet on hydrogen-powered cars, is looking more isolated as industry rivals double down on plug-in electric vehicles as the dominant technology in the emerging post-fossil fuel era. Three years ago, Toyota president Akio Toyoda, grandson of company founder... 

Liontown sells noncore tenements at Kathleen Valley

By: Creamer Media Reporter      27th November 2017 Lithium-focused Liontown Resources will sell 11 of 15 mining leases at its Kathleen Valley project, in Western Australia, to focus on priority lithium targets in its 2018 drilling programme. Seven of the mining leases will be sold to gold company Draig Resources for one-million shares and A$25... 

German car makers warned of possible battery materials shortage-Welt am Sonntag 

By: Reuters     26th November 2017 The German car industry risks running short of key raw materials for automotive batteries, hampering a planned boost in the production of electric vehicles (EVs), Germany's largest industry association BDI warned. "The risk of running into bottlenecks in raw material supply is increasing because... 

Plymouth hoping for strategic industry partner for San Jose project

By: Mariaan Webb     24th November 2017 Exploration and development company Plymouth Minerals is aiming to attract a strategic industry partner for the development of its flagship lithium project in Spain and said on Friday that it was in discussions with European gigafactory developers. The San Jose project, in which Plymouth has a... 

A$12m raised for lithium exploration in southern Mali

By: Mariaan Webb     24th November 2017 Lithium explorer Birimian has received commitments from investors to raise A$12-million for its Goulamina lithium project, in the Bougouni region of Mali. Birimian, which has a listing on the ASX, said on Friday that the placement at A$0.38 a share was “heavily oversubscribed”. 

LSC to acquire Alqa Lihtium, add 2 595 ha in the Salar de Salinas Grandes

By: Henry Lazenby     23rd November 2017 Lithium exploration junior LSC Lithium has entered into a binding contract to acquire all of the outstanding equity of Alqa Lithium, which owns a 100% stake in the Mina Teresa project that comprises 2 595 ha in the Salar de Salinas Grandes, in Jujuy province, Argentina. Under terms of the... 

MetalsTech cobalt spinout to list on ASX next year

By: Mariaan Webb     23rd November 2017 Lithium-focused MetalsTech on Thursday announced the potential spinout of its cobalt business and said its subsidiary had secured an option to buy a high-grade cobalt/silver mine in Ontario. MetalsTech, which is headquartered in Western Australia, but has projects in Quebec and Ontario, said it... 

Pilgangoora on track for commissioning next year

By: Mariaan Webb     23rd November 2017 In the year that has passed between the 2016 and 2017 annual general meetings (AGMs), the market capitalisation of lithium project developer Pilbara Minerals has more than doubled – a feat chairperson Tony Kiernan attributes to the quality of the Pilgangoora project, which is set to start... 

Savannah reports 'significant' lithium intersections at Portugal project

By: Creamer Media Reporter      22nd November 2017 The reverse circulation (RC) drill programme for the Mina do Barroso lithium project, in Portugal, has returned significant intersections of lithium mineralisation, Aim-quoted Savannah Resources reported on Wednesday. The company has completed a further 27 holes f 

Lithium Power raises A$15m

By: Mariaan Webb     22nd November 2017 Pure-play lithium explorer Lithium International has raised A$15-million in an institutional placement, which allows the company to complete its earn-in in the Maricunga joint venture (JV) and to start preconstruction works. Lithium International, which is listed on the ASX, will have a 50%... 

Walkabout granted lithium licence in Namibia

By: Mariaan Webb     21st November 2017 Australian junior Walkabout Resources, which is developing the Lindi Jumbo graphite project in Tanzania, is to explore for lithium in southern Namibia. Walkabout was granted a second exclusive prospecting licence (EPL 6308), giving the company a footprint of more than 1 500 km2 in the Orange... 

Sampling confirms lithium in Namibia – Montero

By: Martin Creamer     17th November 2017 Exploration and development company Montero, which is putting mineralisation to the test in Namibia in search of a lithium resource, on Friday confirmed the presence of the soft silver-white metal in central Namibia. “Montero’s first channel sampling programme has confirmed lithium,” Montero CEO... 

Montero CEO Dr Tony Harwood
Montero CEO Dr Tony Harwood

Lithium Power shares rise as Chinese show interest

By: Esmarie Iannucci     17th November 2017 The share price of Lithium Power International increased by nearly 9% on Friday on news of Chinese interest at the Maricunga lithium brine project, in Chile. Lithium Power on Friday confirmed that its Chilean joint venture partner has entered into discussions with Chinese major Fulin Group, over... 

Argentina Lithium embarks on 10 000 m drill campaign; open to more acquisitions 

By: Henry Lazenby     17th November 2017 TSX-V-listed lithium explorer Argentina Lithium on Thursday announced that it has appointed a new project manager to oversee a 10 000 m exploration drilling campaign at its two active projects in Argentina – located within the prospective Arizaro and Incahuasi salars. The Vancouver-headquartered... 

Argentina Lithium president and CEO Nikolaos Cacos
Argentina Lithium president and CEO Nikolaos Cacos discusses the company’s new 10 000 m exploration drilling campaign spread over its two main lithium assets, in Argentina. Video: Henry Lazenby; Editing: Lionel da Silva.

Piedmont gains more ground in US

By: Esmarie Iannucci     15th November 2017 Emerging lithium development company Piedmont Lithium has increased its foothold in North Carolina, acquiring a further 188 acres from local landowners. The company currently holds some 903 acres within the Carolina tin spodumene belt, with the ASX-listed company aiming to consolidate landholding... 

Altura says time is right for lithium expansion

By: Esmarie Iannucci     13th November 2017 A scoping study into the expansion of the Altura lithium project, in Western Australia, has confirmed that duplicating the size of the current production plant to double output, will be the best expansion option for the project. The Stage 1 operation will have a nameplate output of 220 000 t/y... 

Prospect gets development option for Zim lithium project

By: Esmarie Iannucci     10th November 2017 Lithium and gold-focused Prospect Resources has inked a conditional placement and framework agreement with Hong Kong based Sinomine Resources Exploration to fully fund the construction of the Arcadia lithium project, in Zimbabwe. Prospect on Friday reported that Sinomine would invest... 

Pilbara eyeing downstream processing

By: Esmarie Iannucci     10th November 2017 Lithium developer Pilbara Minerals has signed a nonbinding memorandum of understanding (MoU) to potentially develop a downstream lithium chemical conversion facility in South Korea. The ASX-listed company on Friday noted that the MoU with Polaris Shipping and LG Chem would see Pilbara supply up... 

Zim mine produces first battery grade lithium carbonate

By: Ilan Solomons     10th November 2017 Junior miner Prospect Resources has produced battery grade lithium carbonate from its Arcadia petalite project, in Zimbabwe, the company announced last week. The lithium carbonate with a purity 99.5% was produced in the company’s custom laboratory, Kwekwe, in Zimbabwe. 

LIKING FOR LITHIUM The lithium carbonate with a purity 99.5% was produced in Prospect Resources’ custom laboratory, Kwekwe, Zimbabwe
Photo by Prospect Resources
LIKING FOR LITHIUM The lithium carbonate with a purity 99.5% was produced in Prospect Resources’ custom laboratory, Kwekwe, Zimbabwe

Madagascar graphite mine poised for global success

By: Robyn Wilkinson     10th November 2017 Proving its growing strength in the graphite market, Australian industrial mineral concentrate producer Bass Metals – the only graphite producer currently listed on the ASX – last month sold, in advance, 50%, or 3 000 t/y, of flake graphite concentrate from the first stage of its Graphmada mine’s... 

A MODERN MINE
In addition to the establishment of a new processing plant and significant earthworks and site works, a new modular drying system has been implemented at Graphmada
A MODERN MINE In addition to the establishment of a new processing plant and significant earthworks and site works, a new modular drying system has been implemented at Graphmada

Bacanora granted mining licence for German lithium project

By: Mariaan Webb     8th November 2017 Aim- and TSX-V-listed Bacanora Minerals has been awarded a 30-year mining licence for its 50%-owned Zinnwald lithium project in southern Saxony, Germany, where a feasibility study is under way. The feasibility study is expected to be completed in mid-2019 and will seek to demonstrate the... 

Bacanora granted mining licence for German lithium project

Phoenix Global embarks on ambitious plan to restart Empire copper mine, Idaho

By: Henry Lazenby     8th November 2017 Aim-listed copper junior Phoenix Global Mining has formulated an ambitious growth strategy to restart mining at the brownfields Empire copper mine, in Idaho, by 2020. The company made its debut on the LSE's Aim market late in June, with the aim of bringing the historic mine back into production,... 

Drilling underway at Phoenix Global Resources' Empire mine, Idaho
Photo by Phoenix Global Resources
Drilling underway at Phoenix Global Resources' Empire mine, Idaho

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Investing in African Mining Indaba MD Alex Grose (right) and Martin Creamer
Photo by Creamer Media
Investing in African Mining Indaba MD Alex Grose (right) and Martin Creamer

Core concludes Bynoe buy

By: Esmarie Iannucci     7th November 2017 ASX-listed Core Exploration has completed the acquisition of fellow-listed Liontown Resource’s Bynoe lithium project, in the Northern Territory. The two companies in September this year reached an agreement under which Core acquired the Bynoe project for an up-front cash consideration of... 

Argentina Lithium lays claim to entire salar within LatAm's 'Lithium Triangle'

By: Henry Lazenby     7th November 2017 The TSX-V-listed stock of energy metals junior Argentina Lithium & Energy shot up nearly 52% on Monday after the company announced that it had staked an entire salar, or salt flat, in Argentina's Incahuasi Salar and basin, in Catamarca province. The stock movement on Monday pays testament to the... 

Canadian junior mining sector riding renewed wave of confidence

By: Henry Lazenby     7th November 2017 Despite signs of improved investor confidence in Canada's prolific junior mining sector – mainly driven by rising consumer technology demand for resources – analysts are warning that the market recovery is in a delicate phase and will require discipline to survive until more substantial commodity... 

Canadian junior mining sector riding renewed wave of confidence

China sets tone for future vanadium-flow battery development

By: Henry Lazenby     4th November 2017 The Chinese government has awarded a major contract to privately held clean technology innovator Pu Neng Energy for the construction of a 12 MWh vanadium-flow battery, as Phase 1 of a larger 40 MWh energy storage project, in Hubei province. This first phase will be installed in Zaoyang, Hubei, to... 

Ghost town of Cobalt gets first jolt from Tesla’s electric cars

By: Bloomberg     1st November 2017 Ironically, Cobalt, Ontario – population 1,100 – was built on silver. Remnants of a boom that transformed the town more than a century ago are everywhere. A mine headframe still protrudes from the roof of the bookstore, which was previously a grocery. The butcher used to toss unwanted bones down... 

Zim project produces first known battery grade lithium carbonate in Southern Africa

By: Ilan Solomons     31st October 2017 Junior miner Prospect Resources has produced battery grade lithium carbonate from its Arcadia petalite project, in Zimbabwe, the company announced on Tuesday. The lithium carbonate with a purity 99.5% was produced in the company’s custom laboratory, Kwekwe, in Zimbabwe. 

The lithium carbonate with a purity 99.5% was produced in Prospect Resources’ custom laboratory, Kwekwe, Zimbabwe
Photo by Prospect Resources
The lithium carbonate with a purity 99.5% was produced in Prospect Resources’ custom laboratory, Kwekwe, Zimbabwe

Westgold boosts quarterly output, mulls potential lithium spin-off

By: Mariaan Webb     31st October 2017 Western Australian gold miner Westgold has grown its gold production in the September quarter to 66 288 oz, placing the company on track to achieve its yearly guidance range of 310 000 oz to 340 000 oz. The September quarter output is a 6.3% improvement on that of the June quarter and also higher... 

The Central Murchison gold operation
Photo by Westgold
The Central Murchison gold operation
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