Top 3 ASX Zinc stocks to buy in October 2026
Written by
Varun Ratra
Last updated on 1st october 2026
These updates highlight promising developments across zinc, silver, copper and lithium with strong project progress, funding support, production plans and growth opportunities for investors to watch.
Zinc of Ireland Ltd (ASX: ZMI)
Zinc of Ireland Ltd (ASX: ZMI) announced on 3 September 2026 that ARGO testwork on Zinc Leach Residue from three European smelters delivered high recoveries, reaching 99% for silver, 100% for lead and 91% for copper. Further testing is underway for germanium, gallium and indium. ZMI is targeting an ARGO pilot plant in early 2027.
On 27 August 2026, ZMI announced a €734,000, approximately A$1.2 million, VLAIO government development grant for ARGO. The funding supports progress from TRL 4 to Pilot Plant phase, or TRL 7, with work at Solvomet in Belgium focused on critical minerals and key deliverables over the next 12 months.
The ARGO program aims to recover critical minerals from ZLR while addressing a stream that represents around 20% of zinc smelter throughput. The next stages include optimising leaching, recovery trials, simulation testing, engineering and developing a full circuit model for an installation above 100,000 tonnes per annum.
BMC Minerals Ltd (ASX: BMC)
BMC Minerals Ltd (ASX: BMC) on 1 September 2026 shared its Corporate Presentation for the Kudz Ze Kayah Project (KZK), described as a high-grade polymetallic project. It has a Probable Ore Reserve grade of 597g/t AgEq, 372sqkm of under-explored tenure, and NPV of US$835m with around two years payback. About US$150m has been spent to date.
The next 12–18 months include 30,000m of diamond drilling, geophysics, a Technical Report refresh in Q3 2026 and a Revised Feasibility Study in late-2027. Permitting continues for the Quartz Mining Licence and Type A Water Licence, with a 12–18 month process. Construction financing will support the Final Investment Decision in late 2027.
KZK has long-term offtake agreements with globally recognised partners, flexible concentrate terms during early commissioning and spot-price driven pricing. The project has road access to Watson Lake, rail at Fort Nelson and port facilities at Stewart, BC. BMC expects KZK to be Canada’s largest silver and zinc producer.
Develop Global Ltd (ASX: DVP)
Develop Global Ltd (ASX: DVP) on 29 September 2026 shared FY27 guidance. Woodlawn is expected to process 775kt–875kt of ore at 2.7% CuEq, containing 21kt–23.5kt CuEq metal. Underlying operating cost is A$180–200m, with A$15–20m growth and A$30–35m sustaining capital. Exploration for Project DM15 is A$6–7m.
Pioneer Dome is guided to mine 650kt–750kt of ore at 1.2% Li₂O, containing 7.8–9kt lithium metal, with expected DSO recoveries of 70%–85%. Operating cost is A$88–97m and growth capital A$29–32m. First lithium DSO sales and cashflow remain scheduled for the December 2026 quarter.
Yitirrti will remain under construction during FY27, with A$367–406m growth capital for the processing plant, underground development and infrastructure. First concentrate production is targeted for June 2028 quarter. Develop Mining Services forecasts FY27 revenue of A$100–110m, mainly from existing contracts at BP33 and Waihi, with revenue expected to increase towards year-end.
References & Sources
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