Metalicity Limited’s share price has surged by more than 150% since our initial Portfolio introduction around $0.025 during October 2015, as the market digests the significance of its recent lithium-tantalum project acquisitions in Western Australia. The expansion into lithium comes at a time of significantly heightened interest in the lithium sector generally, with increased focus on lithium-ion batteries. Its flagship project area lies just 5km southwest of major lithium-tantalum deposits identified within Pilbara Minerals’ (ASX: PLS) Pilgangoora Project – another of our Portfolio lithium exposures and a very successful market performer.