From *>>LIONTOWN RESOURCES(ASX:LTR)
Tim Goyder-chaired Liontown Resources won’t be producing the battery metal until 2024, but the lithium explorer is still one of the most in demand stocks on the ASX right now.
It had seemingly no news to report but the owner of the Kathleen Valley lithium deposit rose an incredible 20%, shattering its all time record to close at $1.36 with a market cap of around $2.6 billion.
Liontown’s Kathleen Valley is one of the world’s highest grade lithium deposits of substance, with 156Mt of lithium at a grade of 1.4%. The company is convinced enough in its merits and long-term value it agreed to pay more than $30 million last month to buy Ramelius Resources out of a production royalty over the project.
Liontown, which is spinning out some of its non-lithium assets in the Julimar region near Chalice Mining’s Gonneville nickel-copper-PGE discovery in the Minerals 260 IPO, entered the ASX 300 in S&P’s latest quarterly rebalance.
From *>>LIONTOWN RESOURCES(ASX:LTR)Tim Goyder-chaired...
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Last
93.5¢ |
Change
-0.050(5.08%) |
Mkt cap ! $2.266B | |||
| Open | High | Low | Value | Volume |
| 97.5¢ | 97.5¢ | 93.5¢ | $49.48M | 52.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 2797617 | 93.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 341986 | 5 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| LTR (ASX) Chart |