Australian Lithium Stocks - Shares

Australian Lithium Mining and Exploration Stocks

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Altura Mining formerly known as Haddington Resources
ASX Code: AJM
http://www.haddington.com.au/
Market Cap AUD$40m (11/10/09) (Mkt Cap $50m 31/03/2011)

During early October 2009, Haddington Resources Ltd completed rock chip sampling on its tenements in the Pilbara region, resulting in the return of a number of significant lithium results. Up to 5% lithium oxide had been returned in some samples with the significant results ranging from 0.4-5% over 700m. Trenching and RC drilling were planned to determine the width and orientation of the lithium bearing pegmatites. The company currently held E45/2287 and applications P45/2758 and E45/3488 covering 64 km2 in the Pilgangoora region.

Australian-American Mining Corporation Ltd
ASX Code: AIW
http://www.ausamerican.com
Market Cap: AUD$16m 31/03/2011

Highly prospective Lithium projects that will be developed in 2011, significant size and potential.

Galaxy Resources Ltd
ASX Code: GXY
http://www.galaxyresources.com.au/
Market Cap: AUD$157m (11/10/09) (Mkt Cap $281m 31/03/2011)

Has Lithium JORC Resource
~Contained Li2CO3 171,500t, Tantalite 2,555.875 t (Jan 2010)
15MT ore at 1.08% Lithium Oxide, Tantalite 161ppm -Mount Caitilin, Ravensthorpe - Western Australia
Commenced mining of Lithium ore July/2010

Greenland Minerals and Energy Ltd
ASX Code: GGG
http://www.ggg.gl/
Market Cap: AUD$90m (11/10/09) (Mkt Cap $314m 31/03/2011)

Has some Lithium at Gardar alkaline province but only at prospective stage
(REEs and U3O2)

Orocobre Ltd
ASX Code: ORE
http://www.orocobre.com.au/
Market Cap: AUD$78m (11/10/09) (Mkt Cap AUD$263m 31/03/2011)

Argentina, South America.
In late April, Orocobre reported a maiden resource at Olaroz of 350 million kilolitres of brine at 800 g/kL Li and 6,600 g/kL K, equivalent to 1.5 Mt of lithium carbonate and 4.4 Mt of potassium chloride. Then in early May, the company advised that it had completed a scoping study over the project. The study revealed potential to develop a long life operation with production of 15,000 tpa lithium carbonate and 36,000 tpa potash. The resource base had potential to support future expansions and there was further exploration potential beneath the current resource. Testing resulted in attractive lithium and potassium grades and low magnesium. Capital costs were in the range of US$80 - 100 million with low cash operating costs. The completion of a BFS had also been factored in and was estimated to costs US$2 million and be completed by mid-2010. The company had committed to completion of the BFS. Lithium brine Mg:Li ratio of 2:1

Perilya Limited
ASX Code: PEM
Mkt Cap: AUD$323,536,471 30/Mar/2011

Has Lithium JORC Resource
Moblan West Lithium/Tantalum Deposit, Quebec - Reserve/Resource Detail 5,341,000t @1.51% Li2O contained 80,649t

Red River Resources Ltd
ASX Code: RVR
http://www.redriverresources.com.au/
Market Cap: AUD$5m (11/10/09) (Mkt Cap $6m 31/03/2011)

East Kirup lithium-tantalite-tin geochemical anomaly lies 20km north-northwest on structural geological trend from the world class Greenbushes lithium-tantalite-tin mine. The East Kirup anomaly is 4km long by up to 1.5km wide. Red River Resources plans to drill test the anomaly with a 6,000m Air Core program scheduled to occur in February-March 2010