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Kingsland Minerals’ Leliyn graphite project in the Northern Territory is rapidly emerging as a major graphite discovery following the return of the first assay results (reports Stockhead).

It’s a long way from the dusty wheatbelt of WA to the forests of Canada but there is a small explorer with a plan to connect the two locations through a focus on energy transition, lithium in Canada and rare earths in WA (reports Tim Treadgold on Small Caps).

Junior explorer PolarX expects to see improved results from an in-progress scoping study for its Caribou Dome deposit in Alaska after its improved structural understanding has delivered it a substantially larger resource (reports MiningNews).

Plus, investor frenzy over Nimy’s results show lithium exploration is back in favour, which is also good news for Cygnus as it prepares for maiden lithium resource in James Bay and two brokers say buy.

By Barry FitzGerald

Interest rate pressure continued to dominate the top end of the stock market this week, along with recession speculation and China’s economic slowdown, but in the lower reaches sentiment was saved by solid exploration and discovery news.

Just as silver has been dubbed the poor man’s gold so has graphite been described as poor man’s lithium, though an eye-catching discovery which doubled the money of investors in Kingsland Minerals (ASX: KNG) could put a gloss on graphite’s tarnished reputation (reports Tim Treadgold on Small Caps).

By Tim Treadgold on Small Caps.

Shares in Simon Lil’s Nimy Resources have had a canter on the back of a potentially promising lithium play called Mons north of Southern Cross in Western Australia (reports MiningNews).

RareX’s recasting of its flagship Cummins Range project from a rare earths (REE) play into a hybrid phosphate-REE development with the fertiliser being first off the rank has two advisory firms applauding the decision (reports Stockhead).

New World Resources believes the historical Javelin VMS project could host viable satellite targets for trucking ore to the Antler processing plant nearby (reports Stockhead).

As quickly mobilised spot volumes become scarce, speculators could use the Sprott Physical Uranium Trust (SPUT) to push yellowcake prices sharply higher, say Leigh Goehring and Adam Rozencwajg (reports Stockhead).