A number of junior ASX lithium shares have been given some very good news.
Every three months, S&P Dow Jones Indices announces its quarterly rebalance of the S&P/ASX Indices. When this occurs, shares move into and out of particularly indices.
On Friday, the index solutions company released its latest rebalance and revealed that the All Ordinaries index will be welcoming some new additions.
Among the additions are a total of five ASX lithium shares.
Which ASX lithium shares are joining the All Ordinaries index?
The five ASX lithium shares that will join the widely followed All Ordinaries index at the rebalance on 20 March are as follows:
Anson Resources Ltd (ASX: ASN)
Anson Resources is a junior mineral resources company with a portfolio of minerals projects in key demand-driven commodities. Its core asset is the Paradox Lithium Project in Utah, United States.
Atlantic Lithium Ltd (ASX: A11)
Atlantic Lithium is an African-focused lithium exploration and development company aiming to deliver Ghanaâs first lithium mine. The companyâs flagship project is the Ewoyaa Project, which is a significant lithium spodumene pegmatite discovery.
Latin Resources Ltd (ASX: LRS)
Latin Resources is a mineral exploration company with projects in South America and Australia. It notes that it is developing mineral projects in commodities that progress global efforts towards net zero emissions. Its flagship project is the Salinas Lithium Project in the pro-mining district of Minas Gerais, Brazil.
Lithium Power International Ltd (ASX: LPI)
Lithium Power International is a pure-play lithium explorer focused on the development of Chile’s next sustainable high-grade lithium mine. It also has two hard-rock projects in Western Australia. One of which is adjacent to Greenbushes, the worldâs largest hard rock Lithium mine owned by Tianqi and Albemarle.
Red Dirt Metals Ltd (ASX: RDT)
Red Dirt Metals is a Western Australian exploration and development company aiming to bring high-quality, lithium-bearing pegmatite deposits into production. It owns 100% of the Yinnetharra Lithium Project in the Gascoyne region of Western Australia.
The post 5 ASX lithium shares being added to the All Ordinaries in the latest rebalance appeared first on The Motley Fool Australia.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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