ASX Stocks hitting 52 week lows

Despite 2026 progress, all three ASX stocks remain under pressure, trading at 52-week lows with limited market confidence.

Champion Iron Limited (ASX: CIA) 

Champion Iron Limited (ASX: CIA) recorded FY2026 fourth quarter production of 3.4 million wmt and sales of 3.5 million dmt on 28 May 2026. Production increased although operations were hindered by maintenance activity, train problems and severe winter conditions. Material mined and hauled reached 20.9M wmt whereas inventory fell to 1.3M wmt.

The ore recovery improved to 80.6% from 78.3% a year earlier due to process improvements and better performance of key systems. Stripping activities continued according to the mine plan.
Revenue for the quarter was $414.5 million, EBITDA was $114.3 million, net income was $23.2 million and earnings per share (EPS) was $0.04. Revenue increased as a result of the increase in iron ore concentrate sales volume.

The DRPF project remained on schedule with successful production tests completed in March 2026 and first saleable product expected by the end of Q2 2026. The Rana Gruber acquisition closed in April 2026 and a future shareholder returns framework was announced.

Elders Limited (ASX: ELD)

Elders Limited (ASX: ELD), on 18 May 2026, announced their financial performance for the half year to 31st March 2026. ELD generated an underlying EBIT of $76.6 million, statutory profit after tax of $39.5 million.  Elders Limited also announced a fully franked interim dividend of 18.0 cents per share.

The new divisional structure, effective from 1 October 2025 was fully implemented to improve accountability and efficiency. Progress was also made on Systems Modernisation with the livestock phase launched and the final phase design completed.

On 26 February 2026, Elders announced the sale of Killara Feedlot. The transaction is expected to complete in H2 FY26, subject to approvals. The business is classified as held for sale and its earnings were excluded from underlying results.

Crop Protection, Rural Services, Real Estate and Delta Agribusiness delivered positive contributions, while AIRR was slightly lower and corporate costs increased. For FY26, benefits are expected from Delta synergies, Systems Modernisation and lower debt following the planned divestment.

WA1 Resources Limited (ASX: WA1) 

WA1 Resources Limited (ASX: WA1) showed the Luni Project as a world class niobium deposit at the Global Metals & Mining Conference in May 2026. WA1 noted that niobium helps make steel stronger, tougher and easier to work with while requiring only very small additions.
Niobium alloyed steel can reduce steel usage and lower emissions. The material improves grain structure and weld quality, helping produce stronger steel products.

Niobium oxide production is about 18ktpa and priced near US$47,000 per tonne of Nb2O5. It is used in defence, aerospace and medical applications. Demand improved by about 2,400 tonnes during 2024 though supply remains focused among a small number of producers.

In the Quarterly Activities Report for the dated ending 31 March 2026, drilling and water studies at Luni continued to support development. At Madura, land access discussions progressed with no field exploration undertaken. Cash at quarter end was approximately $131 million.

(Source: Company Report)