Lithium Junior Miners News For The Month Of June 2022
Jun. 28, 2022 10:50 AM
Summary
Lithium chemicals prices were higher the past month and spodumene prices were higher.
Lithium market news - Congress and Pentagon seek to shore up strategic mineral stockpile. SA report - "Goldman wrong on lithium pessimism, specialty analysts say."
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Essential Metals lithium assays at Cade and Davy, include 23.7m @ 1.26% Li2O from 3.6m. Green Technology Metals Total Mineral Resource tonnage up 105% to 9.9 Mt @ 1.04% Li2O.
Essential Metals has 9 projects (lithium, gold, gold JV, and nickel JV) all in Western Australia. Their flagship Pioneer Dome Lithium (spodumene) Project has a JORC Compliant Total Resource of 11.2Mt at 1.21% Li2O.
Pioneer Dome Lithium Project – Drilling and development activities update. 9,000m extensional drill programme underway.
On June 7, Essential Metals announced: "Assays confirm high-grade near-surface lithium at Cade and Davy. Outstanding assays including 23.7m @ 1.26% Li2O from 3.6m (PDD599) in the Cade deposit and 31.95m @ 1.24% Li2O from 45.4m (PDD601) in the Davy deposit." Highlights include:
"Cade Deposit assay results include: 19.2m @ 1.44% Li2O from 15m (PDD596). 9.6m @ 1.42% Li2O from 14.4m (PDD598). 23.7m @ 1.26% Li2O from 3.6m (PDD599). 18.9m @ 1.24% Li2O from 21.1m (PDD600). 14.7m @ 0.90% Li2O from 11.6m (PDD595)
Davy Deposit assay results include: 31.95m @ 1.24% Li2O from 45.4m (PDD601). 17m @ 1.32% Li2O from 97.1m (PDD605). 18.7m @ 1.05% Li2O from 17m (PDD603). 11.1m @ 1.70% Li2O from 99.2m (PDD604)
The diamond drilling [DD] programme undertaken in the March quarter consisted of six holes drilled into the first ~40m from surface of the Cade Deposit and seven holes drilled into the Davy Deposit for a total of 909m of drilling
........ Lithium price news
Asian Metal reported during the past 30 days, 99.5% China lithium carbonate spot prices were up 8.56% and China lithium hydroxide prices were up 0.88%. Lithium Iron Phosphate (Li 3.9% min) prices were up 0.84%. Spodumene (6% min) prices were up 9.16% over the past 30 days.
Benchmark Mineral Intelligence ("BMI") as of mid-June reported China lithium carbonate prices of RMB 476,000 (US$70,925) (battery grade), and for lithium hydroxide RMB 484,000 (US$72,125).
Metal.com reported lithium spodumene concentrate (6%, CIF China) price of CNY 32,935 (~USD 4,918/mt), as of June 23, 2022. See also Pilbara Minerals news where their BMX auctions are achieving much higher spot prices (just over US$7,000/DMT).
China Lithium carbonate spot price - CNY 477,500 (~USD 71,315)
ESS Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
IONF)
