Welcome to the weekly round-up of Australia’s top performing mining stocks on ASX starting with news in Australia’s resource sector.
This week, Gold once again took a lead in our top shares of the week, followed by lithium, helium and base metals companies.
In corporate news, Capricorn Metals (ASX: CMM, OTC Pink: CRNLF) said that it is now clear to start its production extension in Carlavinda Gold Mine, after the approval of its extended mining proposal and mine closed plan by Western Australia’s Energy Department, Mines, Industry Regulation and Security.
Last week, Capricorn announced the acquisition of Warider Resources (ASX: WA8) and its leading Golden Range Project, which would add 2.3 million ounces of gold equal to Capricorn’s resources. This amount will be about 25 percent more than the current mineral resource base of 6.8 million ounces.
Other news, Vijay Metals’ (ASX: VTM) Flagship North Stanmore Project announced the production of a mixed rare earth oxide (MREO) which includes 94 percent of the total rare Earth Oxide (TREO).
“For the knowledge of the company, it represents the highest grade heavy rare Earth-rich mreo produced from an Australian Clay-Hosted Rare Earth project directly in Australia,” released on Tuesday.
Market and Commodity Price Round-Up
The S&P/ASX 200 index ended the week’s flat, which closed at 8,667.00 on Monday (28 July) and on Friday (August 1) at 8,666.70.
As precious metals, Sona pulled back the US dollar to the mid-week, but spikes to shut down the week, eventually 0.77 per cent from US $ 3,337.33 to 0.77 per cent from $ 3,362.94 US $ 3,362.94 to 5,0106 from $ 5,08.94 to more $ 5,08.94 from $ 3,362.94 US $ 3,362.94 to more than 3,362.94 US trading trading on August 28. Over $ 5,083.08.94, period.
Silver took a sharp hit in US $, starting the week from US $ 38.17 and closed at US $ 37.01, a decrease of 5.66 percent. In Australian dollars, Dhatu submerged a small 1.69 percent from AU $ 58.14 to AU $ 57.16.
Top ASX mining stock this week
How did ASX mining stock demonstrate against this background?
Let’s take a look at the Australian mining stocks that perform the five best performing of this week as we break their operations and why these are mining stocks this week.
The stock data for this article was obtained from 4 pm on July 4 using the stock screener of the tradingview and reflects the price movements between July 28 and 31 July. Trading ASX on ASX only includes trading AU $ 10 million. Mineral companies were considered within non-energy minerals, energy minerals, process industry and manufacturer manufacturing sectors.
1. Black Dragon Gold (ASX: BDG)
Weekly Benefits: 100 percent
market cap: $ 10.49 million
Share price: AU $ 0.086
Black Dragon Gold West Perth is a junior gold investigation and development company with headquarters in Australia. It holds 100 percent interest in its major Sailway Gold Project in Esturaias, Northern Spain.
The anniversary is currently in the phase of permission and development and is considered one of the largest undeveloped gold property in Europe. Its mineral resource estimates included in the technical report of February 2025, in 1.6 million tonnes of 3.82 grams per tonne (g/t) in the measured category, 11.3 million tons of 2.9 g/t indicated at 2.9 g/t and 2.34 g in 2.34 g/t gold at 4.1 million tonnes.
According to the company’s march quarterly update, it has extended its Saleev Investigation Permit to February 2028 and has been allowed for the 18 Hole Infil Drill program to carry forward the resource definition and viability study.
On Tuesday (July 29), the company provided an update on its application for the strategic project designation for Salave, it is a request that it was presented in December 2024 under the new Ghat process of the government. The project application will now be available for public consultation for 20 working days, will start from 28 July and end on 25 August.
Black Dragon Executive Chairman Dominic Roberts commented, “I am happy that the fixed process has been followed and noticed that this period of public consultation is a step ahead after several months of effective cooperation.”
“(We) are ready to address any comment, whether it is positive or negative … and we are ready to continue to work with both the provincial government and the municipal council to ensure that the development of the anniversary is in line with the local community’s well -expressed expectations.”
A few hours after Black Dragon’s stock announcement, AU increased to $ 0.08 and continued to climb through the week.
2. Nobel Helium (ASX: NHE)
Weekly Benefits: 42.86 percent
market cap: $ 25.18 million
Share price: AU $ 0.05
Junior Explorer Noble Helium focuses on discovering and evaluating helium resources in Tanzania, Australia. The company’s most advanced assets are the North Rukwa project in the Western Rukwa Basin, on which it finalized its first-step drill site selection in January of this year.
On Monday, Nobel Helium revealed its advanced future helium resources at Northern Rukwa, with an increase of 7.7 percent and 28.5 percent respectively, which is estimated to estimate its low billion cubic feet (BCF) respectively and billion cubic feet respectively. The project had a low billion cubic feet estimate from 19.6 BCF to 21.1 BCF, while the average billion cubic feet estimated from 175.5 BCF to 225.5 BCF.
“Importantly, this resource update coincides with the company’s fully modified helium charge model, which confirms the possible appearance of one or more gas -making mechanisms for each re -assessed lead,” the company said.
In addition to the northern Rukwa, Nobel Helium also holds an exploration permits in Northern Nyasa, Eyesi and many basins in Tanzania, projects that are subject to initial stage exploration.
Nobel Helium shares reached AU $ 0.05 on Thursday this week, a jump near AU $ 0.035 last Friday.
3. Mutual resources (ASX: PEC)
Weekly Benefits: 35 percent
market cap: $ 20.08 million
Share price: AU $ 0.027
Mutual resources are an Australian investigation and development company headquartered in Perth, Western Australia. The company has a large portfolio of projects at Minas Gerace, Brazil. Currently, its primary focus is its igrejinha lithium project, rapter rare economy project and Itinga lithium-tin project.
The company announced on July 24 that it completed Meden Drilling in Igrajina, including 11 drillhole in target 1 and six in the recently identified discrepancy.
On Thursday, the company said that its raptor is also located in the next phase of drilling in the rare Prithvi project, which is being completed. The upcoming drilling will cover all three possibilities: Porto Varde, Pina Kolada and Pinehirinho, and aims to support a young Jorc resource estimate. The company is targeting deep mineralization from 30 to 40 meters as compared to previous barma drilling.
After climbing most of July, AU reached a one -year high on Thursday compared to AU $ 0.008 and AU $ 0.023 range in the last 12 months.
4. Highfield Resources (ASX: HFR)
Weekly Benefits: 34.48 percent
market cap: $ 82.96 million
Share price: AU $ 0.195
Highfield Resources is a potash developer with Pamplona, headquarters in Spain and a registered office in South Australia.
Its major assets are the Muga Potash project in the Abro Basin of Spain, which is 46 square kilometers in the provinces of Navara and Argon in Northern Spain.
The project is government support, in which Navarra President Maria Chivit highlighted the importance of Muga as the largest mining project in Spain in the release of 31 January.
The company is moving through pre-construction after all major mining and planting permits and raising funds for the construction of the mine. In October 2024, it announced to increase the equity of US $ 220 million in 2024, including investment from several companies, with the largest coming from Yankuang Energy (HKEX: 1171).
Highfield announced on Thursday (31 July) that it has executed the second deed of amendment with potash investment, which is to latest on the maturity date of its convertible notes issued on 31 August, so that it can be allowed to finalize a planned foundation US $ 300 million equity investment.
Highfield shares were the highest this week on the announcement, AU reached $ 0.195.
5. Altair Minerals (ASX: ALR)
Weekly Benefits: 25 percent
market cap: $ 21.48 million
Share price: AU $ 0.005
Altair Minerals is an Australian explorer with projects in Australia and Canada focuses on the discovery of gypsum, lithium, cobalt and copper.
The company has 80 percent of the Olympic domain assets in South Australia, namely Horse Well, Parnati C and Lake Torrence, all of which are currently being discovered by Altair, with drilling in horse well.
In a quarterly report released on Thursday, Ultaire outlined the 25 June announcement on the successful transient electromagnetic (TEM) simulation at the Olympic domain, which confirmed the ability to indicate the deposit amount of deep, high-valued copper-earnings at a depth of more than 1,000 meters. Based on this success, the company plans to conduct a TeM survey on major goals of property.
Altair also mentioned the Horse Well Project as a strategic opportunity for Altair, which is the only project organized by a junior investigation company in the area around BHP (ASX: BHP, NYSE: BHP, LSE: BHP) Oak Dam West Discovery. The Oak Dam West, which is just 2 km from the horse-wel, estimates 1.34 billion tonnes 0.66 percent copper and 0.33 g/t gold.
The company’s share price is running upwards from the end of June, and reached its highest point on Wednesday at AU $ 0.005, a day before releasing its quarterly report.
A trading stop was requested by Altair on Friday to issue a declaration on a proposed project acquisition and capital raising. Trading is recommended on Tuesday, August 5.
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Securities disclosure: I, Gabrielle de la cruise, does not have any direct investment interest in any company mentioned in this article.
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