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- Daily Metals Mining Rundown and Peer Table - Free Edition for 28 Feb 2025 (after-market ASX)
Daily Metals Mining Rundown and Peer Table - Free Edition for 28 Feb 2025 (after-market ASX)
Rundown of company announcements, valuations, and underlying metal prices, according to our compilation of publicly available information covering 9 important metals and more than 400 mining stocks, including mineral resource holdings for and project NPV information for some 140+ developers.
Host Rock Capital
February 28, 2025
Today’s metals mining peer group Today’s metal price movements after-market ASX / pre-market TSX (over past ~8 hrs) include:
Today’s metals mining peer group movers today through ASX trading (including yesterday’s TSX movements) include:
Metals mining company announcements incorporated into today’s Peer Table (resource updates, economic studies, changes in attributable project ownership) include:
27 Feb 2025 (after-market TSX) - Lithium clay (and lithium hard rock and uranium) developer American Lithium (TSXV:LI) announced a resource update for its flagship, PEA-stage TLC lithium clay project in Nevada (company also has 2 other PEA stage projects: Falchani hard rock lithium project in Peru and the Macusani uranium project in Peru). The updated resource increased measured resource tonnes lithium carbonate by 47% to 6.17 Mt lithium carbonate grading 849 ppm Li, with the measured + indicated grade increasing 4% to 839 ppm Li (from 809 ppm Li). This should bode well for future possible maiden reserve estimate in a pre-feasibility and/or feasibility study. The overall resource estimate including inferred resources was down slightly, although grade was slightly higher suggesting a tighter resource. TLC’s company wide resources fell 4 % on this news to 20.4 Mt LCE (96% from lithium, rest uranium), which trade at market cap/t LCE resource of US$3.26/t LCE ($0.83/oz AuEq) - exactly in-line with our Peer Table’s lithium clay developer peer group median (despite having a 43% larger resource base than the peer group median 14.3 Mt LCE).
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