Welcome to the Investing News Network’s weekly round-up of the top-performing mining stocks on the ASX.
Standout performers this week include companies focused on copper and gold, alongside battery and critical minerals. Perth-based exploration company South Hemisphere Mining took the lead, while last week’s second highest performer Stavely Minerals made another appearance this week.
Read on to discover this week’s top gaining Australian mining stocks on the ASX and what drove their share prices.
Market and commodities price round-up
The S&P/ASX 200 (INDEXASX:XJO) opened at 8,625.10 on Tuesday (June 9) and closed at 8,633.20 on Thursday (June 11).
Gold and silver prices saw significant dips this week as of the close of Australian markets Thursday.
In US dollars, gold decreased 5.77 percent from US$4,329.51 on Monday to US$4,079.65 by Thursday in US dollars. A 5.28 percent drop was seen in Australian dollars, as gold fell from AU$6,143.68 to AU$5,819.01.
Silver saw a larger dip in US dollars, declining 5.94 percent from US$67.85 on Monday to US$63.82 on Thursday. In Australian dollars, the metal recorded a 5.46 percent decrease moving from AU$96.28 to AU$91.02.
Top ASX mining stocks this week
How did ASX mining stocks perform against this backdrop?
Take a look at this week’s best-performing Australian mining stocks below as the Investing News Network breaks down their operations and why these companies are up this week.
Stocks data for this article was retrieved using TradingView’s stock screener and reflects price movements between the first trading day of the week and Thursday. Only companies trading on the ASX with market capitalisations greater than AU$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.
1. Southern Hemisphere Mining (ASX:SUH)
Weekly gain: 54.17 percent
Market cap: AU$27.24 million
Share price: AU$0.037
Perth-based Southern Hemisphere Mining is an exploration company focused on projects in Chile.
Its flagship asset is the advanced Llahuin copper-gold-molybdenum project, which contains a combined JORC resource of 218 million tonnes at 0.38 percent copper equivalent.
It also holds the Los Pumas manganese project in Northern Chile, located 175 kilometres inland from the Port of Arica. Los Pumas contains a JORC resource of 30.2 million tonnes at 6.24 percent manganese.
On Tuesday (June 9), the company shared it intersected extensive visible copper mineralisation during its current diamond drilling program at Llahuin. The copper was found in a hole testing mineralisation beyond the end of a previous reverse circulation drill hole, 24LHRD055.
Executive Chairman Mark Stowell called the results “highly encouraging,” saying that it represents another important step in unlocking the system’s scale potential.
“While assays will ultimately determine the grade and economic significance of these intersections, the geological characteristics observed in the core are vectoring towards what we need to see at Llahuin,” Stowell added.
Shares of Southern Hemisphere Mining closed at AU$0.024 last week then jumped to this week’s peak of AU$0.037 on June 10, the day after the drilling update.
2. Tyranna Resources (ASX:TYX)
Weekly gain: 33.33 percent
Market cap: AU$10.5 million
Share price: AU$0.004
Tyranna Resources is focused on lithium and gold exploration in Angola, where it holds a 72 percent interest in the Namibe lithium-cesium project and 75 percent interest in the Chinguar gold project.
Its most recent project news came on May 21, when it revealed the discovery of high-grade manganese in two of three rock chips from the Chinguar project’s Mina de Colema prospect, with both assaying over 30 percent manganese.
This week, the company’s latest update was a presentation for the Junior Indaba 2026 mining conference published on Tuesday, centered on its operational history in Angola. The presentation highlights Angola as a jurisdiction of choice given its “unbridled prospectivity” and “great potential for success in a range of commodities.”
Its Chinguar project was also highlighted for the size of its prospection title, covering an area of 3,342 square kilometres, the availability of new government datasets and the recent manganese discovery.
After closing last week and opening this week at AU$0.003, shares of Tyranna climbed to AU$0.004 on Thursday.
3. Richmond Vanadium Technology (ASX:RVT)
Weekly gain: 23.08 percent
Market cap: AU$34.15 million
Share price: AU$0.160
Richmond Vanadium Technology is an Australian critical minerals company focused on developing vanadium assets in Queensland, Australia. Its flagship asset is its 100 percent-owned Richmond-Julia Creek vanadium project in North Queensland, a 1.8 billion tonne asset that is currently being advanced through a bankable feasibility study.
The project is also the first critical minerals project to be awarded coordinated project status by the Queensland government, which helps streamline permitting.
On Tuesday, the company announced that it executed a binding agreement with RKP Global, a global provider of vanadium flow batteries and long-duration energy storage.
The collaboration will focus on mine-to-battery collaboration and project development.
Richmond Vanadium Technology noted in the release, “Under the framework, RVT Energy, RVT’s wholly owned energy development subsidiary, will act as the initial Australian project development and coordination platform for agreed projects, while preserving flexibility for future project-specific structures, financing arrangements and downstream localisation initiatives associated with the Richmond–Julia Creek vanadium project.”
Shares of the company closed last week at AU$0.130, climbing this week to AU$0.140 on Tuesday before it reached the week’s high of AU$0.160 on Thursday.
4. Zenith Minerals (ASX:ZNC)
Weekly gain: 22.22 percent
Market cap: AU$66 million
Share price: AU$0.110
Zenith Minerals is an exploration company based in West Perth, Australia, focused on its Red Mountain and Dulcie gold projects, respectively located in Queensland’s Auburn Arch and Western Australia’s Southern Cross-Forrestania Greenstone Belt. The company previously focused on lithium, and still owns three lithium projects across its portfolio, alongside one zinc project.
This week, Zenith made headlines on Tuesday when it entered into a binding takeover implementation deed with Forrestania Resources (ASX:FRS) that would consolidate the companies’ assets in Western Australia. Zenith’s board recommended that shareholders accept the off-market acquisition by Forrestania as it posits “an attractive outcome for shareholders.”
Under the agreement, Zenith shareholders will receive 1 Forrestania share for every 4.3 Zenith shares. This will be held at an implied offer value of A$0.132 per Zenith share, a 46.7 percent premium to Zenith’s last closing price at the time.
The company said that its shareholders are to retain ongoing exposure to exploration, development and regional consolidation upside through ownership in the combined entity.
“Over the past two years, Zenith has successfully consolidated the broader Dulcie corridor and defined a JORC (2012) Inferred Mineral Resource of 675,000 ounces of gold across an approximately 6 kilometre mineralised trend within the Forrestania Belt,” Managing Director Andrew Smith said. “We believe this work has established Dulcie as one of the most significant emerging gold development projects in the district.”
As a result, shares of Zenith Minerals jumped to an open of AU$0.10 on Tuesday, following last week’s AU$0.09 close. The company’s shares went on to close at a high of AU$0.11 both Wednesday and Thursday.
5. Stavely Minerals (ASX:SVY)
Weekly gain: 20 percent
Market cap: AU$15.49 million
Share price: AU$0.018
Stavely Minerals is a Western Australian mineral exploration company advancing its flagship asset, the Stavely copper-gold project located in the Stavely Volcanic Belt of Victoria, Australia.
The project covers an area of over 1,000 square kilometres in the belt, including a wholly owned retention licence, fully owned exploration licences and and the Black Range joint venture licence.
The company joins this top stocks list for the second week in a row. Last week, its spike from the issuance of shares from a Tranche 2 placement and upcoming project catalysts landed it in second place. No further updates were shared this week.
Stavely’s last project update was made on May 27, outlining the progress of a scoping study on the development of deposits within Stavely: the Thursday’s Gossan prospect, and the Cayley Lode copper-gold-silver deposit.
Stavely said it will continue to progress the scoping study, and that a second round of open-pit optimisations is currently underway.
Shares of the company closed at AU$0.015 last week and saw its highest close of the week Tuesday at AU$0.019.
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Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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