ASX Stocks Near 52 Week High

Team Veye | 25-Aug-2025

Global markets are racing higher. The latest catalyst being optimism about a rate cut soon. However, some stocks backed by other metrics have reached their highest in a year. These stocks, not showing any sign of cooling, are rather indicating potential of even higher targets. 

Locksley Resources (ASX: LKY)

is currently focused on Mojave Project in California where it is targeting high grade antimony and rare earths. This is located adjacent to the Mountain Pass mine. Locksley has secured drill permits, advanced 3D geological modelling and has launched a key partnership with Rice University. The partnership is aimed to pioneer U.S. antimony processing and downstream innovation. The company is accelerating its U.S. aligned strategy. Locksley is in advantage as a first mover to build a mine to market supply chain at a time when U.S. policy and defence needs requires a reliable domestic critical minerals source.

Ark Mines (ASX: AHK)

is making progress at Sandy Mitchell Rare Earths Project in North Queensland. Ark has started an extensive infill drilling campaign along with advanced metallurgical testing. The project has a measured resource of 71.8Mt at 1732.7 ppm MzEq and it aims to move to production by late 2027. The company is backed by a $4.5M investment from QIC’s Critical Minerals and Battery Technology Fund and a successful $1.5M placement. 

Falcon Metals (ASX: FAL)

is advancing exploration in the renowned Bendigo gold region of Victoria, which is a home to iconic deposits including the 22 Moz Bendigo goldfield and Fosterville. The company’s flagship project Blue Moon has demonstrated exceptional potential. It is highlighted by a recent wedge drill intercept of 1.2m at 543 g/t Au with visible gold. Falcon is planning approximately 30,000 metres of diamond drilling targeting extensions of known mineralisation and multiple reef systems open along strike. Falcon is focusing to unlock significant value and expand its footprint in this prolific gold province. The company is supported by a substantial $20 million capital raising and a strong cash position of over $27 million.

Aurum Resources (ASX: AUE)

 is making progress with its gold projects in Cote d'Ivoire which boasts a total resource of 3.28 million ounces. The flagship Boundiali Gold Project alone has grown to 2.41 Moz through ongoing drilling. The project has uncovered high grade zones across several deposits like BDT1 and BMT3. Alongside this, the Napie Gold Project holds close to 0.9 Moz with expansion potential. Aurum’s projects lie in a gold rich greenstone belt with good infrastructure. The company is advancing a Pre-Feasibility Study which is set for completion by the end of 2025.

Bayan Mining and Minerals Limited (ASX: BMM)

has raised 3.27M to accelerate exploration work at its Desert Star and Desert Star North projects in California’s Mojave Desert. Potential for these projects are highlighted by their key location positioned near Mountain Pass Rare Earth Mine and the Colosseum Gold Mine. Assay results for rare earth elements and gold is expected soon. A detailed geophysical review is also underway to improve target identification. Meanwhile, Phase two sampling has delivered impressive gold grades at Bayan Springs South project in Nevada. The next phase will integrate geophysics and soli sampling to refine drill targets. Permits are also being sought to enable future drilling.

(Source: Company Announcements)

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