Daily Metals Mining Rundown for 30 May 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 450 mining stocks, including mineral resource inventories, and including project NPV information for some 150+ developers.

Author

Host Rock Capital
May 30, 2025

Today’s metal price movements (over past ~18 hrs) and mining company peer group movements through ASX trading (including yesterday’s TSX/NY movements) include:

Today’s top and bottom 40 performing metals mining company stocks (of 458 in our Peer Table) through ASX trading and including Friday’s TSX/NY movements include:

Covered metals mining company announcements incorporated into today’s after-market ASX Peer Table (resource updates, economic studies, changes in attributable project ownership) includes:

  • 29 May 2025 (after-market) - Lithium brine developer LithiumBank (TSXV:LBNK) announced a resource update for its large lithium brine project, Park Place, which is the company´s second project in Alberta after its more advanced Boardwalk project. The resource update reflects some reductions in mineral license holdings to focus on higher-priority resource areas, which now contain an estimated 15.08 Mt LCE grading 80 mg/L Li (entirely in the inferred category), which is still clearly more than enough of a resource base to be contemplated in a future PEA. Together with the company´s flagship Boardwalk project (with a PEA already completed in 2023 and with the majority of its resources already in the measured and indicated category) total company mineral resources fell by 22% to 23.1 Mt LCE (still much higher than our 15-company lithium brine developer peer group median resource inventory of 3.3 Mt LCE, and still higher than fellow oil well-field brine developer peer E3 Metal´s (TSXV:ETL) resource base of 16.9 Mt LCE, both of which we lump together with higher-grade Latin American salt brine developer counterparts in this peer group). LBNK´s newly reduced 23.1 Mt LCE closed on 29 May (at LBNK share price of C$0.24) at a market cap/t resource of US$0.47/t LCE ($0.14/oz AuEq) - 93% below our 15-company group median of $7/t LCE ($2.1/oz AuEq) and 84% below fellow oil well-field brine developer ETL´s market cap/t of $2.9/t LCE. On P/NAV based on the results of 2023 PEA for Boardwalk project, LBNK stock trades at 0.006x, which is 81% lithium brine developer peer group median of 0.033x and 77% below ETL´s P/NAV of 0.026x (all at our Reference lithium price of US$24,000/t LCE).

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