29 Lithium Stocks – A Glance at the Performance

29 Lithium Stocks – A Glance at the Performance

While lithium prices have remained volatile in the past few months post a stupendous surge in last two years, the ASX listed companies dealing in lithium have had their own sinusoidal movements. Below is a snippet of their performance.

Galaxy Resources Ltd (ASX: GXY) – It is under metals and mining sector. Recently, it has been reported that the total mining volumes remained constant over past few quarters and ore volumes mined reduced by 21% due to the processing of re-crushed secondary floats surface stocks. The ore volume treated rose by 1% to 435,296 wmt, with a higher ore feed grade of 1.17% achieved compared with the previous quarter primarily due to higher grade mined during the quarter. The stock of the company was last trading at a market price of $2.770 as on August 24, 2018 and was noted to be in a trading halt as at market open on August 27, 2018 pending an announcement on sale of a package of tenements to POSCO. The stock has undergone a performance change of 58% over the past 12 months.

Orocobre Limited (ASX: ORE) It is a company under metals and mining sector and it lately achieved the average price of US$13,653/ton on a free on-board basis (FOB). As a result, the company has reported the record quarterly sales revenue of US$44.4 million on total sales of 3,255 tons of lithium carbonate. Further, during the June quarter, the cash costs (on cost of goods sold basis) were down 13% quarter on quarter (QoQ) to US$3,800/ton due to the increased production and sales volumes. The stock of the company was trading at a market price of $4.010 as on August 27, 2018, market open. The stock has undergone a performance change of 27.48% over the past 12 months.

Pilbara Minerals Ltd (ASX: PLS)The company was incorporated in 2005 and is based in Colin Street, West Perth, Australia. PLS now expects LOM average annual production of approximately 800ktpa of 6% spodumene concentrates and approximately 780,000lbs of tantalite in concentrate after stage 1 and 2 production ramp-up. The mine life for the Pilgangoora Project is 17 years and first production are planned in Q4 2019. The stock of the company was trading at a market price of $0.825 as on August 27, 2018 (market open) and has undergone a performance change of 117.11% over the past 12 months.

Neometals Limited (ASX: NMT) – It has optimized its shareholders’ returns through its lower-risk, long-life and high-margin operations, via returning $30M in dividends/buyback over last 3 years. The group is moving ahead to develop a globally significant mineral resource portfolio, and its focus on recycled battery business is expected to provide good boost to organic growth. The stock of the company was sitting at a market price of $0.300 as on August 27, 2018 (market open). The stock has undergone a performance change of 5.3% over the past 12 months. The group is now closely watched for the demerger of Barrambie Titanium Vanadium Project.

Mineral Resources Limited (ASX: MIN) – The company has reported FY18 EBITDA of A$ 507 million with an increase of 9% over the year while the NPAT had an increase of 35% to A$ 272 million for the company. The final dividend is 40 cents making it to a total of 65 cents for the year. At current sales, the revenue is up by 17% and stands at $1.7 billion. The stock of the company was trading at a market price of $15.76 as on August 27, 2018 (market open) and has undergone a performance change of 2.8% over the past 12 months.

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Latin Resources Limited (ASX: LRS) – The company is into metal and mining segment and has entered an agreement with AusQuest Limited that covers 5 of the 36 Peruvian copper licences recently acquired by Westminster, covering 4,900 hectares. With an option to earn 75% by completing a Pre-Feasibility Study, the Farm-In Agreement contemplates AusQuest completing 13,000 metres of drilling over 7.5 years to earn 65%. The stock of the company was trading at a market price of $0.005 as on August 27, 2018 (market open) and has undergone a performance change of -50% over the past 12 months.

Altura Mining Limited (ASX: AJM) – It announced that its 100%-owned flagship Altura Lithium Project has confirmed the completion of a revised Ore Reserve and Mineral Resource estimate. Because of this, the increased estimate has added a minimum two years life to the project and will be incorporated into the Stage 2 expansion that was the subject of a recent robust Definitive Feasibility Study (DFS). The stock was trading at a market price of $0.262 as on August 27, 2018, market open and has undergone a performance change of 57.58% over the past 12 months while it is growing the lithium supply chain in H2 2018. With floor and cap pricing for 3 years, minimum of 200,000 tpa of production has been contracted for five years.

Argosy Minerals Limited (ASX: AGY) – It has confirmed that the company has progressed plant works to the stage as it has completed efficient production of LCE product, around 30kg, which is representative of AGY’s initial ‘battery grade’ specification for delivery to end-user customers. The product, tested in-house, has recorded Li2CO3 content value of 99.6%. This forms the basis for further improvement and optimization of the production process for subsequent commercial sales and substantiating the Stage 2 and Stage 3 commercial plant designs. The stock of the company was trading at a market price of $0.245 as on August 27, 2018 (market open) and has undergone a performance change of 77% over the past 12 months.

Anson Resources Limited (ASX: ASN) – The company has completed the drilling preparation for the Gold Bar Unit 2 and there was a re-entry of its Paradox Lithium Project which is in the “Lithium Four Corners” area in Utah. Anson is targeting lithium rich brines in the deepest part of the Paradox Basin. Upon the exercise of the Company’s ASNOB options, which expired on 10 August 2018, Anson Resources Ltd advises that further 7,658,824 shares have been issued. The stock of the company was trading at a market price of $0.105 as on August 27, 2018 (market open) and has undergone a performance change of 775.00% over the past 12 months.

Dark Horse Resources Ltd (ASX: DHR) – It is an Australian-based exploration company mainly focused on coal projects in Argentina, and oil and gas projects in Australia. It is under metals and mining sector. Reverse Circulation drilling program is now in progress for the historic Las Tapias Mine Lithium Project. Dark Horse holds approximately 33.5% in Lakes Oil NL which will make offer to acquire all the issued shares of Rawson Oil & Gas Limited. The stock of the company was trading at a market price of $0.011 as on August 27, 2018 (market open) and has undergone a performance change of 214% over the past 12 months.

Kidman Resources (ASX: KDR) – Kidman has been working on a refinery that will initially produce only lithium hydroxide, as agreed by both Kidman and JV partner SQM, after the announcement of JV lithium refinery location. With conversion of KDR options, the company’s cash balance is increased by $7.1 million. Kidman’s 50:50 joint venture partner Sociedad Quimica Minera was recently made refence to for its focus on Australian project. Recently, KDR’s stock recovered as some market experts believe that there is still an extraordinary level of demand for the company’s high-quality project, which will provide exceptional margins compared to the current spot and contract prices. The Kidman Resources was trading at a market price of $1.145 at market open on August 27, 2018 and has seen a performance change of 75% over the past 12 months.

Lithium Consolidated Mineral Exploration Limited (ASX: LI3) It is into Lithium exploration under metals and mining sector. To surrender its Botswana licenses after the disappointing drilling results, Lithium Consolidated Mineral Exploration Ltd has undertaken few actions. The continuous drilling from Q4 2018 and 7 new exploration assets in Zimbabwe and 6 new Licenses in Mozambique makes way for a significant lithium production. As at June 30, 2018 the company’s cash stands at A$ 1.95 million. The stock of the company traded at a market price of $0.125 as on August 27, 2018 (11 AM AEST), and has undergone a performance change of 4.17% over the past 12 months.

Rio Tinto Ltd (ASX: RIO)The company is under no pressure from market or shareholders with regards to chasing M&A opportunities and says that in the next 5 years the miner might not buy anything big. RIO has set a high threshold for such options to progress. Another focus was potential aluminum expansion and productivity and costs across all its business units for the miner. RIO continues to expect that the market demand would outdo the global GDP growth. The stock was trading at a market price of $72.6 and has seen a performance change of over 7% over the past 12 months.

Novo Litio Ltd (ASX: NLI)It is into mining exploration and is into metals & mining development. The company has recently advised under the company’s Long-Term Incentive Plan, a total of 4,125,000 Performance Rights have been terminated by the holders of those Performance rights. To fund an aggressive exploration program, approx. $16 million of cash has been invested in the company. The company has no debt which works in favour of the company. The stock of the company was trading at a market price of $0.046 as on August 27, 2018 (market open) and has undergone a performance change of -9.62% over the past 12 months.

Tawana Resources Ltd (ASX: TAW) It disclosed a potentially money-spinning merger with Singapore-based Alliance Mineral Assets Limited (AMAL), aiming to enhance the financial capacity of the Merged Group and improve the Merged Group’s balance sheet, to fund future exploration and growth initiatives. The company has registered a scheme booklet for a proposed merger Tawana and Alliance Mineral Assets Limited. For every 1 Tawana share held Tawana Shareholders will receive 1.1 new Alliance shares. The stock was trading at a market price of $0.315 and has seen a performance change of 60.98% over the past 12 months.

Lepidico Limited (ASX: LPD)It provides high leach extractions on mica minerals at reduced consumable consumption rates and its purification stages can produce a range of marketable silica products at low cost versus existing industry processes. The Company’s immediate strategic move is to scale up the L-Max process to approximately 3.6 tons per hour in a Phase 1 Plant to demonstrate its commercial viability. This Project is currently subject to a Feasibility Study and planned to be in production by the end of 2019. The stock is trading at a market price of $0.026 and has seen a performance change of 117.19% over the past 12 months.

Lithium Power International Ltd (ASX: LPI)LPI entered into an agreement for setting to increase its ownership in the Maricunga Joint Venture to 51%. The license is for the production, marketing and export of lithium products from Chile that are extracted from the Maricunga salar. The joint venture is responsible for developing the Maricunga Lithium Brine Project. Moreover, the approval is for the initial extraction quota of 88,885 metric tons of lithium metal contained in brine or 472,868 tons of lithium carbonate equivalent (LCE). The stock was trading at a market price of $0.295 and has seen a performance change of -13% over the past 12 months.

AVZ Minerals Ltd (ASX: AVZ)It is a lithium metal company, and AVZ Minerals Ltd has now confirmed that Manono is the world’s largest Hard Rock Spodumene Deposit while it aims to becoming a potential world leader in global lithium market. Following a trading halt, AVZ Minerals released its long awaited maiden mineral resource estimates for the 60% owned Manono Lithium-Tin-Tantalum Project based in the Tanganyika Province of Congo. The group has identified an initial mineral resource at 259.9 mt at 1.63 per cent Li2O for Roche Dure pegmatite. The stock was trading at a market price of $0.100 and has seen a performance change of -16.67% over the past 12 months.

Lithium Australia NL (ASX: LIT) The company has a market capitalization of the company of about $42.25 million. Lithium Australia NL has a laboratory Very Small Particle Company (VSPC) that carries out pilot production operations and the facilities are based in Brisbane, Queensland that are now fully re-commissioned, and produce lithium-iron-phosphate (LFP) battery cathode material. Strong interest in VSPC’s 4th-generation LFP cathode material was shown by International battery makers earlier. The group reported for positive results drilling completed at the Sadisdorf (Germany) lithium/tin project. Acquisition of Moolyella project has also recently taken place. The stock was at $0.099 with a daily change of 2% as at August 27, 2018 (11:15 AM AEST). The stock has seen a performance change of -19 over the past 12 months.

MetalsTech (ASX: MTC)It is into exploration and development of Advanced Greenfield Lithium and Cobalt Projects in Canada. The company has entered into binding asset acquisition agreement with gold focused tri-origin exploration limited to acquire the Bay Lake North Cobalt Project. The company has a significant valuation upside when compared to lithium peers at approximately $26m market capitalization. Lower CAPEX and OPEX against peers as well as shorter commissioning time is represented by simple processing. The stock was at a price of $0.095 with and has seen a performance change of -7.62% over the past 12 months.

Birimian Limited (ASX: BGS)It is a company into exploration and development of minerals, publicly-listed Australian and is based in Perth. Its flagship Goulamina Lithium Project contains a Mineral Resource more than 100 Million tons, and is one of the world’s largest high-grade lithium deposits. At an estimated capital cost of US$200M, with the Project scheduled for completion in 2020, Birimian is proposing to develop a 2Mtpa Project at Goulamina. The stock was at a market price of $0.315 as at August 27, 2018 (11:15 AM AEST) and has seen a performance change of -6% over the past 12 months. With pre-tax NPV10 of A$920M and with pre-tax IRR of 49.5% the company has decent outcomes forecast.

Lake Resources N.L. (ASX: LKE)It is a company which was incorporated in 1997, and the headquarter of the company is situated in Sydney, Australia. It conducted mineral exploration programs in Sweden, Argentina and Pakistan. It holds one of the largest lithium tenement packages in Argentina (~165,000 Ha), controlled 100% by the group. The company’s mission is to develop a profitable minerals discovery business, concentrating on the effective use of the geosciences and leveraging these skills to make strategic investment. Besides this, the current ratio substantially increased from 10.34x to 20.41x in FY17 over the prior year. On stock performance front, the share price has fallen 48 percent in the past six months but up by 3.30 percent in the past one week. It is noted that the share price climbed up 55 percent in the past one year and traded at $0.093 with the market capitalization of about $30 Mn (as of August 27, 2018, 11:15 AM AEST).

European Metals Holdings Limited (ASX: EMH)Formerly known as Equamineral Holdings Limited, is a dual listed mineral exploration and development company, which changed its name to European Metals Holdings Limited in February 2014. The headquarter of the company is situated in West Perth, Australia and is being currently headed by Mr. Keith Dudley Coughlan – MD and CEO. During the quarter, the company appointed Mr. Neil Meadows as Chief Operating Officer (COO), effective from April 11, 2018. The Company had $2.22 million in cash at the end of the June 2018 quarter. Meanwhile, the share price has fallen 28.87 per cent in the past six months as at August 23, 2018 and traded at a lower level. The stock has a market capitalization of $48.81 Mn and a beta of 1.87 as of August 24, 2018.

Force Commodities (ASX: 4CE) – It is into lithium exploration in DRC and exploration for gold and base metals in New South Wales. The official listing date was 2010 and the company is based in Kings Park Road, West Perth, Australia. Force commodities at its Kanuka Lithium Production Project provided an update on the Company’s current RC drilling activities. The Project is a Joint Venture between established Congolese tin and tantalum mining company, MMR (49%) and Force (51%). The stock was at $0.027 and has seen a performance change of -47.17% over the past 12 months.

Piedmont Lithium (ASX: PLL) The company was incorporated in 1983, and the headquarter of the company is situated in Paddington, Australia. It is a company conducting exploration and development of minerals. With steady-state after-tax cash flow of US$170-$180mmpy and the steady state EBITDA of $220mmpy, the estimated after-tax IRR of 56% and NPV 8 % of US$777mm has been reported. The stock was at $0.160 and has undergone a performance change of 58% over the past 12 months.

Sayona Mining Ltd (ASX: SYA) It was incorporated in 2000, and the headquarter of the company is situated in Paddington, Australia. Including 2.47 % Li2O at Viau Dallaire and 4.5 % Li2O at Viau, coincident with exposed pegmatite zones with large spodumene crystals were noted for Tansim sampling. The company has completed $12 million capital raising comprising a $11 million placement and $1 million rights issue. It is a company into exploration and development of minerals. The stock was at $0.035 and has seen a performance change of 176.94% over the past 12 months.

Greenpower Energy Ltd (ASX: GPP)It was incorporated in 1899, and the headquarter of the company is situated in Perth, Australia. About 150km SW of Georgetown, it is developing the Morabisi Lithium & Tantalum Project in Central Guyana. Greenpower Natural Gas Pty, Sawells Pty Ltd, Gippsland Basin, GCC Asset Holdings Pty Ltd and Greenpower Energy Limited are the company’s subsidiaries. GPP successfully raised $1,821,850 before costs, during the quarter under review. For a total of 1,991m of drilling, the initial drill programme of 15 holes has been completed. The stock was at a market price of $0.004 and has seen a performance change of -73% over the past 12 months.

Nova Minerals Ltd (ASX: NVA) – The company was incorporated in 1987, and the headquarter of the company is situated in Collins Street, Melbourne, Australia. To raise, approximately $1.73 million in a placement to institutional and sophisticated investors, the company received firm commitments, following strong interest through the issue of 53,258,264 fully paid ordinary shares at an issue price of 3.25 cents per share which will expire on 31 August 2020. Putting the company in a strong financial position, is the company’s cash balance which is expected to be above $5 million. The stock was at $0.024 and has seen a performance change of 243% over the past 12 months while drilling at Estelle gold copper project is about to commence.

PepinNini Lithium Ltd (ASX: PNN) – The company was incorporated in 2005, and the headquarter of the company is situated in Babbage Road, Roseville Chase, Australia. PepinNini Lithium Limited, formerly known as PepinNini Minerals Limited, is an exploration company focusing on exploring and developing a lithium brine resource and production project in Salta Province Argentina within the Lithium Triangle of South America. The company also holds strategically located exploration tenements in the Musgrave Province of South Australia. The stock was at a market price of $0.010 (as of August 27, 2018, 11:30 AM AEST), and has seen a performance change of -39% over the past 12 months. The company raised a total fund of $1.12m lately.


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