ASX Copper Stocks Asserting Now

Copper continues to be one of the most important metals in the world with rising long-term demand and these ASX companies are positioning themselves for a powerful run into FY26.

Rio Tinto Limited (ASX: RIO)

continues to sharpen its position in the global copper market as strong production from key assets lifted its copper output during the September quarter of 2025.

Copper production came in at 204 thousand tonnes which grew by 10% from the same quarter last year.
At the Oyu Tolgoi underground mine in Mongolia, copper output hit another record quarter with metal in concentrates reaching 89 thousand tonnes, supported by higher grades and better recovery rates.

Exploration and evaluation spending in copper made up 37 % of the company’s total program for the year so far as it strengthens its long-term presence in the red metal.

The company said that Oyu Tolgoi remains on track to lift annual copper production by more than 50% in 2025, with long-term plans to reach around 500 thousand tonnes per year between 2028 and 2036.

AusQuest Limited (ASX: AQD)

is quickly emerging as one of the most exciting copper exploration stories on ASX.

Diamond drilling has more than doubled the known depth of copper mineralisation, with hypogene copper sulphides like chalcopyrite and bornite now observed at depths of around 800 metres, showing the scale and strength of the porphyry system.

The second diamond drill hole also intersected a broad +300 metre zone of copper oxide mineralisation from surface, which suggests the potential for higher copper grades near surface. 

These results build on earlier RC drilling where broad mineralised zones such as 324m at 0.30% Cu and 330m at 0.30% Cu were recorded, demonstrating that both oxide and sulphide copper extend extensively across the project.

The company ended the quarter with $3.75 million in cash with which it continues its journey to become a copper player in future.

Aeris Resources Limited (ASX: AIS)

produced 10.3kt of copper equivalent in the September quarter and maintained consistent operational discipline across sites.

At Tritton, copper production came in at 6.1kt at an AISC of $4.24/lb, roughly in line with the previous quarter as the mine continued transitioning through the Murrawombie pit development phase.

Aeris invested $25 million in growth capital at Tritton mainly for waste stripping at Murrawombie Stage 2, where ore delivery is expected to materially increase in the second half of FY26.

Group operating cash flow was $53.1 million in the quarter and the company finished the quarter with $46.4 million in cash and receivables.

Revolver Resources Holdings Limited (ASX: RRR)

is preparing for a major step forward as it moves closer to restarting copper production at the Dianne Copper Mine while expanding exploration across its broader Queensland portfolio.

The company completed an 18-hole diamond drilling program totalling 1,545 metres and assay results for 16 of the 18 holes confirmed the accuracy of the existing Mineral Resource model, with notable shallow copper intercepts such as 33.8m at 1.00% Cu, 20.4m at 1.08% Cu and 24.0m at 3.94% Cu.

The company also progressed funding efforts through a successful equity placement that raised $1.35 million and a further $500,000 through royalty funding agreement.

The company ended the quarter with $729,000 in cash and spent $1.577 million spent on exploration and evaluation.

(Source: Company Reports)