Close Menu

Share with your friends

Close

Quantum Resources Limited (ASX: QUR)

Global supply of lithium is in high demand, especially with the likes of Tesla and other car and electronics manufacturers are looking to meet their fast expanding needs.

Yet with Tesla looking in their own backyard for supply, North American lithium explorers have been scrambling for a box-seat position to feed this beast in particular.

One tiny ASX stock, currently capped at just $6.8 million, has just started drilling at its Canadian-based lithium project – with historical results already pointing to a potentially healthy lithium discovery.

The company is fast tracking its drilling program over the coming weeks and months to confirm the historical, non-JORC compliant resource of 4.305Mt @ 1.3% Li2O that was previously calculated, with the anticipation that current drilling will allow an initial JORC Compliant Inferred Resource to be calculated for the Project.

Results have shown this company is sitting on high grade lithium of up to 1.62% Li2O, and the current drilling campaign aims to significantly increase the scale of lithium mineralisation at the property. 

The company is fully funded to see the first stage of its exploration through as it looks to verify historical estimates and conduct additional exploration drilling to test for new lithium targets.

The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

With two Australian-based gold products also under its belt, the company has a good spread of assets, however it is its lithium play which is gaining all the attention.

This ASX stock’s Canadian lithium project has already produced strong historic data, it is in a region where demand is high, and it could come into play at the height of the lithium boom.

 

Latest Article

ASX Micro Cap Kicks off Canadian Lithium Drilling

The era of lithium exploration and production is well and truly upon us as the shift towards lithium-ion battery powered technologies accelerates. By 2030, petrol powered cars could be in the minority as petrol-power is expected to be replaced by electric powered lithium-ion batteries.

Mar 21, 2017 Continue Reading

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

[gravityform id="62" name="OM Popup NEW" title="false" description="false" ajax="true"]
  • This field is for validation purposes and should be left unchanged.
[gravityform id="62" name="OM Popup NEW" title="false" description="false" ajax="true"]
  • This field is for validation purposes and should be left unchanged.