4 Lithium Stocks – AUZ, PLS, A40 And GXY

  • Dec 31, 2018 AEDT
  • Team Kalkine
4 Lithium Stocks – AUZ, PLS, A40 And GXY

In the light of the rapidly increasing demand for electric vehicles all around the world, the outlook of the lithium explorers continues to shine. During 2018, the below-mentioned lithium explorers made strategic advancement in expanding their business scale, and they are planning to further expand their scale in the future.

Australian Mines Limited (ASX: AUZ)

Australian Mines Limited (ASX: AUZ) is focused on the exploration and development of battery and technology metals and it is developing world-class cobalt-scandium-nickel projects in Australia. In November 2018, the company released positive results of the Bankable Feasibility Study which was conducted on the Sconi Project in North Queensland. 

As per the study, the average annual revenue from production is 512 million with Average annual EBITDA of $295 million. The Project payback period is estimated to be 5.2 years with post-tax project NPV of $697 million. Meanwhile, the share price has fallen 11.90% in the past three months as of December 28, 2018. AUZ’s shares traded at $0.037 with a market capitalization of circa $104.05 million as on 31 December 2018 (AEST 1:53 PM).

Pilbara Minerals Limited (ASX: PLS)

Lithium and tantalum producer, Pilbara Minerals Limited (ASX: PLS) has recently opened its Pilgangoora Project – a world-class lithium project. In the upcoming 12 months, the company is targeting to complete the ramp-up to Stage 1, 2Mtpa ‘nameplate’ capacity at the Pilgangoora Project and it will also try to obtain the necessary regulatory approvals for the Stage 2, 5Mtpa project expansion. The company is also conducting further exploration and drilling programs for the expansion of the Pilgangoora Project's Mineral Resource and Ore Reserve base. In the meantime, the share price has fallen 27.75% in the past six months as of December 28, 2018. PLS’s shares traded at $0.625 with a market capitalization of circa $1.09 billion as on 31 December 2018 (AEST 1:54 PM).

Alliance Mineral Assets Limited (ASX: A40)

Alliance Mineral Assets Limited (ASX: A40) is a lithium producer which produces lithium (spodumene) concentrate at its principal project, the Bald Hill Lithium and Tantalum Mine and it is also having a 15% interest in Cowan Lithium Limited which owns the Cowan Lithium Project.

The securities of A40 were recently listed on ASX on 5 December 2018. Recently on 27 December 2018, the A40's securities were voluntarily suspended on ASX at the request of Alliance Mineral Assets Limited. As per the Company’s request, the voluntary suspension will continue until Alliance Mineral announces about its offtake arrangements. A40’s shares last traded at $0.255 as on 20 December 2018.

Galaxy Resources Limited (ASX: GXY)

Global lithium company Galaxy Resources Limited (ASX: GXY) has recently completed a 25,555 metre of reverse circulation drilling and multi-element assay at its Mt Cattlin Project to support mining operations and resource re-estimation. Recently, the company also signed a final transfer deed under which the brine extraction rights held by the Company over five remaining Salta tenements are assigned to POSCO for consideration of US$15mn. In the September quarter, the company produced 31,156 dry metric tonnes (dmt) of spodumene concentrate and Sold 29,555 dmt of spodumene concentrate

Meanwhile, the share price of GXY has fallen 25.42% in the past six months as of December 28, 2018. GXY’s shares traded at $2.195 (-1.57% intraday) with a market capitalization of circa $908.78 million as on 31 December 2018 (AEST 1:57 PM).


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