Lithium Plus Minerals

CompanyLithium Plus Minerals

  • Location: Australia
  • Tickers:
    • ASX:LPM
  • Commodities:
    • Lithium
  • Project Stages:
    • Exploration

Lithium Plus Minerals Limited (ASX: LPM) is a lithium exploration company with tenements in the Northern Territory of Australia. The Company's flagship Bynoe Lithium Project is located 45km from Darwin and lies adjacent to Core Lithium's (ASX: CXO) Finnis Mine Development. Bynoe sits on the northern end of the Litchfield Pegmatite Belt, a region that has seen significant lithium mineralisation discoveries since 2017.

The Company has a direct leverage to the battery thematic and is set to capitalise on a structural lithium supply shortage. Around 9% of the company is owned by CATL (Contemporary Amperex Technology Co. Ltd), the world’s largest electric vehicle battery manufacturer.

Results from the Company's Phase 1 diamond drilling campaign at the Lei Prospect extended the known mineralised system at depth. BYLDD001 intersected 28.8m total high-grade spodumene mineralisation including: 11.0m @ 1.48% Li2O from 196m and 17.8m @ 1.40% Li2O from 217m. Subsequent Phase 2 diamond hole (BYLDD003) intersected pegmatites 50m below BYLDD001, indicating further extension of the Lei Prospect’s mineralised system. LPM’s aggressive drilling program is ongoing, with the Company targeting definition of a substantial Maiden Resource by Q1 2023.

Lithium Plus Minerals
ASX
  • asx: lpm

    • -0.005 (-1.43%)

* Based on previous 24 hours performance

  • asx: lpm

    • -0.02 (-5.48%)

* Based on previous 7 days performance

  • asx: lpm

    • -0.255 (-42.5%)

* Based on previous 12 weeks performance

  • asx: lpm

    • -0.635 (-64.8%)

* Based on previous 12 months performance

Open 0.35000 Volume 256855
High 0.35500 52w High 1.08000
Low 0.34000 52w Low 0.26000
Close 0.34500

* 31 January 2023 (AUD)

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