TradingCharts
2 weeks ago
Lithium stocks surge as Chinese giant suspends major mine
By Kerry Sun
Wed 11 Sep 24
https://www.marketindex.com.au/news/lithium-stocks-surge-as-chinese-giant-suspends-major-mine
Major lithium and battery manufacturer CATL has officially announced the suspension of its lithium lepidolite operation in Jiangxi. While rumors of CATL cutting or suspending lithium production in Jiangxi have circulated before, UBS expresses higher conviction this time. According to their channel checks with several contacts, CATL made the decision to suspend operations after a meeting on September 10.
lepidolite is the lowest grade of lithium out their it is the only lithium type China has it cost about $11k to $17k a ton to process.
Is this the turning point for the lithium prices? I hope so.
Copilot
The cost of producing lithium carbonate from lepidolite is relatively high compared to other sources. In China, it costs between 80,000 yuan ($11,230) and 120,000 yuan ($16,860) to produce one tonne of lithium carbonate equivalent (LCE) from lepidolite1. This is significantly higher than the cost of extracting lithium from brine deposits or spodumene, which ranges from 40,000 yuan to 60,000 yuan per tonne1.
Given these high production costs, lepidolite-based lithium production is often less economically viable, especially when lithium prices are low. This has led to some producers cutting back on lepidolite-based production to balance supply and demand
Be watching this close.
https://tradingeconomics.com/commodity/lithium
SPARK
4 weeks ago
SYAXF .019 - News -
Sayona Mining Limited (ASX:SYA) Moblan Mineral Resource increases 81% to 93Mt
Brisbane, Aug 27, 2024 - (ABN Newswire) - North American lithium producer Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:SYAXF) announced today the results from updated Mineral Resource Estimates (MRE) at its Moblan Lithium Project (Sayona 60%; Investissement Quebec 40%), demonstrating t he potential of this highly strategic asset.
Sayona has significantly expanded its Canadian lithium resource base with this updated JORC Mineral Resource estimate for the Moblan Lithium Project. Results from the updated MRE reinforce the project' s status as the centrepiece of Sayona's Eeyou-Istchee James Bay hub in northern Quebec.
Sayona now has a total estimated JORC Measured, Indicated and Inferred Mineral Resource of 93.1 million tonnes @ 1.21% Li2O at a cut-off grade of 0.55% Li2O ( Table 1). For comparison to the previous MRE (17 April 2023), the tonnage at a cut-off grade of 0.25% Li2O is 107.7Mt @ 1.10% Li2O, an increase of 52% from 70.9 Mt @ 1.15% Li2O.
Approximately 70% of the total tonnage is in the higher confidence M easured and Indicated categories. The mineral resources are constrained by the claim limits and within a resource level conceptual pit shell.
The substantial increase in mineral resources at Moblan reflects the addition and integration of all the drilling results from the 2023 program (addition of 368 drillholes for 75,022 m) and from a major revision of the geological model (Figure 1).
Sayona has commenced further testing the extent of mineralisation through 70,000 m of additional drill ing to be completed by the end of 2024. This drilling will continue to utilise Flow Through Shares funding that was raised in March 2023 specifically for exploration and resource definition drilling as allowed under the Income Tax Act (Canada) (refer ASX release 7 March 2023).
Sayona's Managing Director and CEO, Lucas Dow commented, "The significant expansion of our Moblan Lithium Project's resource base is a testament to Sayona's commitment to unlocking the full potential of our assets in t he Eeyou-Istchee James Bay region. Increasing the total resource to 93.1 million tonnes at 1.21% Li2O represents a substantial enhancement of our strategic position in the North American lithium industry.
"The 59% increase in Measured and Indicat ed categories, now totalling 65.1 million tonnes at 1.25% Li2O, provides a strong foundation for the future conversion of these Mineral Resources into Ore Reserves.
"Looking ahead, the planned 70,000 metres of drilling in 2024 will further test t he extent of mineralisation. As we continue to invest in exploration and development, we remain focused on strategically growing our resource base to deliver value to our stakeholders and positioning Sayona as a leading North American lithium produce r."
Moblan JORC Mineral Resource Estimates Statement
The MRE was prepared in accordance with the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the "JORC Code") and comply with the JORC Code disclosure. The breakdown of MRE results by zone (pegmatite domain) and by category is shown in Table 1.
The updated mineral resource block model covers an area of 2,350m strike length and 1,250m width, extending to a depthof 350m b elow surface. The mineralisation model consists of seven lithium pegmatite dykes modelled as the Main dykes, 13 as the South dykes, 13 as the New South domain and 10 as the Moleon dykes, for a total of 43 lithium pegmatite dykes in the project's geol ogical model (Figure 2). Moblan 2024 MRE includes all available data on the Project including extensive additional drilling coverage from the 2023 exploration program. The MRE database includes 49,910 assay data from 771 surface drill holes (130,633m ), drilled between 2002 and the end of 2023, and 10 surface trenches sampled between 2004 and 2009 (Figure 3).
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/039FC1P3
WEB: Moblan Mineral Resource increases 81% to 93Mt
About: Sayona Mining Limited
Sayona Mining LtdSayona Mining Limited (ASX:SYA) (OTCMKTS:SYAXF) is a North American lithium producer with projects in Quebec, Canada and Western Australia. In Quebec, Sayona's assets comprise North American Lithium together with the Authier Lithium Project and its emerging Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. (ASX:PLL). Sayona also holds a 60% stake in the Moblan Lithium Project in northern Quebec.
In Western Australia, the Company holds a large tenement portfolio in the Pilbara region
prospective for gold and lithium. Sayona is exploring for Hemi-style gold targets in the world-class Pilbara region, while its lithium projects include Company-owned leases and those subject to a joint venture with Morella Corporation (ASX:1MC).
TradingCharts
3 months ago
Dr. Stefan Wolf
Senior Innovation Consultant | R&D&I Strategy | Innovation Policy | Energy | E-Mobility | Batteries
4 hours ago
https://www.linkedin.com/feed/update/urn:li:activity:7213487985604857857/
The Chinese hashtag#battery industry is barely making any profit. The market for battery electric vehicles is growing more slowly than expected. The resulting overcapacity has led to massive price cuts, causing profits to hashtag#collapse.
📊 Industry magazine ICCSINO provides the latest hashtag#data on this:
* LFP at EUR 52/kWh (-50 % compared to January 2023)
? No more profit margins since November 2023
* NMC523 at 63 EUR/kWh (-47 % compared to January 2023)
? No more profit margins since June 2023
* NMC811 at EUR 79/kWh (-45 % compared to January 2023)
? Profit margins have fallen by 30 %, but still exist
💸 It is unclear how long the industry will be able to withstand this predatory hashtag#competition. In addition, the Chinese government recently announced first steps to consolidate the battery industry. In order to survive, the entire Chinese battery value chain is pushing into the global markets to win new customers.
🏭 This comes at the worst possible time for hashtag#European ambitions to establish their own battery value chain. Important investments have been made, but the factories are not yet running at full capacity and scrap rates still need to be reduced. Decisive political support is needed more than ever.
👉 Further information:
* Chinese battery prices: https://lnkd.in/e2rxsrhA
* Chinese battery industry regulation: https://lnkd.in/e_Tcqs8e
TradingCharts
4 months ago
LITHIUM DRILLING PROGRAM COMMENCES AT EAST VALLÉE
June 3, 2024
TORONTO, June 03, 2024 (GLOBE NEWSWIRE) -- Consolidated Lithium Metals Inc. (TSXV: CLM | OTCQB: JORFF | FRA: Z36) (“CLM” or the “Company“) is pleased to announce that the Phase I 2024 drilling program has commenced on the Company’s East Vallée Lithium Project, located in the Abitibi Greenstone Belt approximately 30 km northwest of Val-d’Or, Quebec (see Figure 1). The East Vallée Project is located immediate east and adjacent to the Company’s Vallée JV Project (75% CLM and 25% Sayona Mining) and only 1,000 m east and along strike of Sayona’s North American Lithium (“NAL”) Mine, the largest operating lithium mining facility in North America.
On February 14, 2024, the Company announced that the Vallée JV partners had successfully traced the NAL Mine Pegmatite swarm from the Sayona NAL Mine Property across the entire Vallée JV Property right to the western boundary of the Company's East Vallée Project (see CLM News which is available under the Company’s SEDAR+ profile at www.sedarplus.ca). The Core Pegmatite Dyke, the key dyke within the NAL Mine Swarm, has been traced over a 4.2 km strike length and remains open for expansion along strike to the east on CLM’s 100%-owned East Vallée Project. The Company believes that the Core Pegmatite and adjacent spodumene-bearing dykes likely continue onto East Vallée. The East Vallée Project overlies an additional 5 km of the highly prospective Vallée Lithium Trend that has never been drill-tested for lithium (see Figure 2). Several other parallel lithium-bearing dykes have also been traced eastward to the East Vallée Property boundary.
The Phase I program will consist of 12 drill holes totaling approximately 2,400 m and will test the Core Pegmatite and flanking pegmatites along drill fences spaced 400 metres apart starting at the western property boundary. All necessary permits required to commence the program have been received which include authorization for supplemental drill sites which will allow the Company to immediately follow-up successful drill holes at tighter hole spacings. Forage Lamontagne Fortier has been contracted to provide drilling services.
https://consolidatedlithium.com/lithium-drilling-program-commences-at-east-vallee/
SPARK
4 months ago
SYAXF - News -
Sayona Mining Limited (ASX:SYA) Drilling of High Priority Targets Commences at Tabba Tabba
Brisbane, May 23, 2024 - (ABN Newswire) - North American lithium producer Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:SYAXF) has commenced RC drilling (Figure 1*) at its wholly owned Tabba Tabba Lithium Project, E45/2364 in Western Australia where previous air core drilling identified high potential pegmatite systems.
A recently completed gravity survey has helped focus deeper RC drilling over two areas along a 7.5km prospective corridor (Figure 2*). The northern area is located immediately south of the historic Tabba Tabba t antalum mine, where recent exploration by Wildcat Resources has identified encouraging lithium mineralisation including the Leia and Luke Pegmatites.
The initial 2,000+ metre RC drilling program consists of 14 holes with nine located in the North Area immediately south of Wildcat Resources tenements and a further five holes located at the Roadside Prospect approximately 4.5km south and along strike. Further drilling will be conducted throughout 2024 as geological information is built up over the area, largely under thin colluvial cover.
Sayona has secured a co-funding grant for drilling at Tabba Tabba under Round 29 of the Western Australian Governments Exploration Incentive Scheme (EIS). The grant of up to $180,000 will help fund i nnovative exploration drilling in the search for flat lying spodumene pegmatite systems within the Tabba Tabba lease.
Sayona's Director and Interim CEO, James Brown commented, "We are excited to have commenced RC drilling over the highly prospect ive Tabba Tabba lease which has known lithium mineralisation in close proximity and along strike.
"Previous soil sampling and air core drilling identified areas of anomalous geochemistry that have been confirmed to also contain gravity features o f significance. We now intend to test these targets with RC and possibly diamond drilling as supported by results.
"We are highly committed to our wholly owned Western Australian lithium assets and intend to continue an active exploration program over the 2024 field season."
The recently completed gravity survey, covering a 7km x 2km area has identified prospective trends and areas of potential gabbro host units and structural settings which facilitate emplacement of the targeted north s triking spodumene pegmatite mineralisation.
In the north drill area, targets are sited along the southern extension to the Tabba Tabba mine stratigraphy and mineralisation identified by Wildcat. A western target zone comprises a gravity feature u nder cover which links to outcropping gabbro 2km to the south. An eastern gravity feature, coincident with a zone of alteration identified in air core drilling, is also being targeted in the current and follow up drilling.
At the Roadside prospec t five 5 deeper RC drill holes to 160m+ depth are planned, following up narrow pegmatites intersected in shallow air core drilling margined by more extensive geochemical anomalism. Gravity data in this area outlines a discrete weak gravity feature wh ich may represent a medium density intrusive, or gabbro intercalated with other, less dense rocks. Pegmatite hosted within gabbro has been observed at surface within the prosect.
Geologically, the planned exploration is benefiting from an enhance d understanding of pegmatite occurrences, including flat lying pegmatite hosted by gabbro such as the South Pegmatite Zone at Moblan, Quebec which was discovered by Sayona in 2022.
Flat lying pegmatite systems often have limited surface expressio n and require a systematic exploration approach to best focus drilling into the most prospective target areas. Sayona is advancing this process, being guided by gravity data, mapping, rock and soil sampling and drill information.
*To view tables and figures, please visit:
https://abnnewswire.net/lnk/43ZV94BP
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