ASX Materials & Mining Stocks
As demand for metals used in construction, batteries and clean energy continues to rise, the following ASX mining companies are well positioned to gain from the next growth cycle
Sunrise Energy Metals Limited
Sunrise Energy Metals Limited (ASX: SRL) is a critical minerals developer focused on scandium, nickel and cobalt with its main asset being the Syerston Scandium Project in New South Wales which is one of the worldβs highest-grade scandium deposits. The company announced a major upgrade to its mineral resource and ore reserve estimates after new drilling confirmed large high-grade scandium zones near surface, lifting contained scandium to 19,007 tonnes which is almost double from previous estimates while the high-grade section increased 161% to support a 32-year mine life producing around 60 tonnes of scandium oxide each year. Another important update was the Letter of Interest from the U.S. EXIM Bank for up to US$67 million in potential funding support. The company closed the September quarter with $12.05 million in cash and the updated feasibility study is scheduled for early 2026.
True North Copper Limited
True North Copper Limited (ASX: TNC) is a copper-focused exploration and development company progressing multiple copper, gold, cobalt and silver assets in Queenslandβs Mt Isa region with near-term production targeted from the Cloncurry Copper Project. The latest September quarter included major copper-gold drill results at Wallace North with intersections such as 19 metres at 2.18% copper and 1.76 g/t gold including higher-grade zones exceeding 4% copper and 3.6 g/t gold which points to a larger mineralised system than previously declared. The company is also moving forward with development planning for a potential restart of the Cloncurry Copper Project with an updated restart study expected in the December quarter. True North Copper recorded $3.2 million in exploration spending and closed with $8.2 million cash on hand.
Rio Tinto Limited
Rio Tinto Limited (ASX: RIO) ended the third quarter of FY25 on a good note supported by record bauxite production and a ramp-up at the Oyu Tolgoi underground copper mine which drove a 10% year-on-year increase in copper output. The company also began loading first ore at the Simandou Project in Guinea which marks one of the most important milestones in its long-term growth strategy. Exploration and evaluation spend for the year-to-date came in at $537 million which was lower than last year and management upgraded bauxite production guidance to 59β61 million tonnes from the earlier 57β59 million tonnes. The Oyu Tolgoi expansion is projected to grow copper output by more than 50% this year and move towards 500,000 tonnes annually by 2028.
Aspire Mining Limited
Aspire Mining Limited (ASX: AKM) is progressing its premium hard coking coal assets in Mongolia led by the Ovoot Coking Coal project. The holds Ovoot Coking Coal project has a JORC-compliant resource of 219.4 million tonnes and a reserve of 130.1 million tonnes with a projected 31-year mine life and an estimated project value above US$1.5 billion. The company closed the quarter with US$9.4 million in cash and no debt which keeps the balance sheet stable while planning continues. With premium coal quality, long resource life and progressing infrastructure alignment, Aspire Mining stands as a pre- production opportunity with long-term upside
Viridis Mining and Minerals Limited
Viridis Mining and Minerals Limited (ASX: VMM) is a rare earths developer focused on the Colossus Project in Brazil which is moving towards production and targeting one of the first vertically integrated rare earth supply chains in the Western Hemisphere. A major recent news was the Letter of Interest for up to US$100 million in debt financing support from Export Development Canada which shows the rising international strategic interest. The September quarter saw the completion of a detailed Pre- Feasibility Study showing excellent economics with a pre-tax NPV of about US$1.41 billion under long-term pricing assumptions and average annual operating cash flow of roughly US$197 million. Next steps include advancing funding discussions, progressing permitting and completing the demonstration processing plant ahead of a Final Investment Decision targeted for Q3 2026.
(Source: Company Reports)
ASX Materials, Metals & Mining Companies - Complete List
FAQs About ASX Bank Stocks
Which is the best mining company to invest in ASX?
There is no single best mining company because the most suitable option depends on the investorβs strategy and risk appetite. Large diversified players like BHP, Rio Tinto and Fortescue are often preferred by investors who look for stable earnings and reliable dividends. Investors focused on growth may look towards companies like Pilbara Minerals and Liontown Resources which operate in the lithium sector or even companies in rare-earth space due to their positive growth trends.
Who is the largest gold miner in the ASX?
Newmont Corporation (ASX: NEM) is a US-based global mining leader which became the largest gold producer on the ASX after acquiring Newcrest Mining in 2023 and among the locally headquartered companies, Northern Star Resources (ASX: NST) stands out as the largest gold producer.
Which ASX company mines lithium?
Several ASX listed companies are involved in lithium mining but Pilbara Minerals (ASX: PLS), Mineral Resources (ASX: MIN), Liontown Resources Limited (ASX: LTR) and IGO Limited (ASX: IGO) are some of the most recognised names in the sector. These miners produce lithium products used in electric vehicle batteries and large-scale energy storage systems which have gained attention as global demand for clean energy and battery manufacturing continues to grow at a high rate.
Disclaimer
Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether itβs appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website www.veye.com.au), and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.