A Brazilian land grab and some huge lithium hits sent an explorer’s share price flying this week while some hot Canadian lithium real estate impressed investors, giving another explorer a boost.
FLASHPOINT - TRANSCRIPT
Tim - But first here's Matt Birney with the ASX Runners of the Week
Tim - Thanks to Liquidity, for sophisticated investors
Matt Birney - Thanks Tim
Matt Birney - So, wireless technology company Etherstack jumped 86 per cent this week to touch 35.5 cents after Telstra agreed to trial its new radio technology.
Matt Birney - And OzAurum Resources tabled some stellar-grade rock chips going up to 7.36 per cent lithium oxide from its new project in Brazil. That move caused the market to punt its stock up by a whopping 212 per cent for the week to touch 12.5 cents.
Matt Birney - And James Bay Minerals kicked the door in at the ASX with a land package at lithium hotspot James Bay in Canada. Its 20 cent IPO rocketed to 61 cents, putting on 205 per cent for the new ASX listing in a week.
Matt Birney - And finally NickeSearch hiked 128 per cent, vaulting from 3.5 to 8 cents when it signed an agreement with lithium expert Allkem to assess the lithium prospectivity of its nickel project near Ravensthorpe.
Matt Birney - Well, it seems the lithium turf war between Australia, Canada and Brazil is now in full swing, but my money’s on Western Australia that boasts some of the biggest lithium deposits in the world.