Top 5 Australian Mining Stocks This Week: Kaili | Commodities
Welcome to the Investing News Network’s weekly round-up of the top-performing mining stocks listed on the ASX, beginning with news in Australia’s useful resource sector.Various firms have been on the transfer this week, with their focuses starting from uncommon earths to oil and gasoline.
Making headlines within the sector was Peabody Energy (NYSE:BTU), which mentioned it won’t be buying Anglo American’s (LSE:AAL,OTCQX:AAUKF) steelmaking coal portfolio, cancelling the US$3.78 billion deal. Peabody made the choice after an “ignition event” at Anglo’s Moranbah North mine in Queensland’s Bowen Basin; in response, Anglo mentioned the incident “does not constitute a material adverse change” underneath their agreements.Elsewhere, Highfield Resources (ASX:HFR) mentioned China Minmetals and its subsidiary have determined to not proceed with a proposed strategic transaction amounting to an roughly US$300 million equity subscription in Highfield. In different news, Victory Metals (ASX:VTM) was chosen because the recipient of a Mineral Research Institute of Western Australia analysis grant, with the full amounting to AU$250,000. It will use the funds to pursue scandium oxide manufacturing.
Market and commodities price round-up
The S&P/ASX 200 (INDEXASX:XJO) had a record-breaking week, passing the 9,000 mark for the primary time on Thursday (August 21). The index ended Friday (August 22) beneath that degree at 8,973.8.
Gold demonstrated a 0.2 % lower in US {dollars}, going from US$3,336.30 per ounce on Monday (August 18) to US$3,329.49 by the close of Australian trading on Friday. The steel noticed a important increase in Australian {dollars}, going up 1.18 %, from AU$5,126.49 to AU$5,187.26, over the identical period of time. Silver largely remained flat in US {dollars}, beginning the week at US$38.03 per ounce and shutting at US$38.01. In Australian {dollars}, the steel went from AU$58.43 to AU$59.22, a 1.35 % increase.
Top ASX mining stocks this week
How did ASX mining stocks carry out in opposition to this backdrop?Take a take a look at this week’s 5 best-performing Australian mining stocks beneath because the Investing News Network breaks down their operations and why these firms are up this week.Stocks knowledge for this text was retrieved at 4:00 p.m. AEST on Thursday utilizing TradingView’s stock screener and displays price actions between Monday and Thursday. Only firms trading on the ASX with market capitalisations higher than AU$10 million are included. Mineral firms within the non-energy minerals, power minerals, course of industry and producer manufacturing sectors have been thought of.
1. Kaili Resources (ASX:KLR)
Weekly gain: 427.78 %
Market cap: AU$159.19 million
Share price: AU$0.19Kaili Resources is an explorer with an all-Australian asset portfolio.It is at the moment centered on the development of its Limestone Coast uncommon earths initiatives in South Australia, alongside the pursuit of its gold, uncommon earths and base steel belongings in Western Australia and the Northern Territory.On August 15, Kaili obtained drilling approval for 3 tenements at its Limestone Coast initiatives, particularly Lameroo, Karte and Coodalya. After opening the week at AU$0.036, the junior explorer turned heads with an 8,700 % increase in its share price during trading on Monday, peaking at AU$3.15 round 3:30 p.m. AEST. Trading was halted shortly after, by which time shares had pulled back to AU$1.08.That day, the company addressed the spike in response to an ASX price question, saying that its solely latest replace is the authorised drilling for Limestone. “(This) may have drawn investors’ interest to KLR in view of current market high interest in critical minerals,” Kaili states in its response to the ASX. A report by Livewire Markets notes that the ASX (*5*) in its Monday question to Kaili.
Kaili recommenced trading on Thursday following a response to additional inquiries from the ASX. While its share price pulled back over the period, it nonetheless ended the day up considerably from the beginning of the week.
2. iTech Minerals (ASX:ITM)
Weekly gain: 117.24 %
Market cap: AU$12.3 million
Share price: AU$0.063Founded in 2021, iTech Minerals’ two most important belongings are the Eyre Peninsula graphite project in South Australia and the Reynolds Range copper-gold-lithium project within the Northern Territory.On Tuesday (August 19), iTech recognized antimony zones at Reynolds Range. The company reported two separate zones of up to 300 metres, with rock chip outcomes together with 30.6 % antimony and a pair of.5 grams per tonne (g/t) gold.The day earlier than the announcement, iTech shares noticed a spike in trading quantity, prompting an ASX price question. The company responded on Tuesday morning, saying its solely pending announcement was the Reynolds Range news.
On Friday, the company shared new geophysics targets at Reynolds Range, with a dipol-dipol induced-polarisation survey discovering a important chargeability anomaly, and a rock chip pattern at a separate zone returning grades of 15.4 % g/t gold and three.3 % copper.Shares of iTech peaked on Tuesday and Wednesday (August 20) with a close of AU$0.072.
3. TMK Energy (ASX:TMK)
Weekly gain: 50 %
Market cap: AU$30.67 million
Share price: AU$0.003TMK Energy is a gasoline exploration company with a give attention to Mongolia.Its flagship project is the Gurvantes XXXV project, an roughly 8,400 sq. kilometre coal seam gasoline exploration initiative in Mongolia’s South Gobi Basin. Six energetic coal mines are within its boundaries.
On Thursday, TMK introduced that the pilot manufacturing properly at Gurvantes has been accomplished and is at the moment present process closing commissioning actions. Once it enters manufacturing, which the company mentioned would occur within the coming days, it’s going to deliver the full quantity of online pilot manufacturing wells on the website to seven.“With the help of further manufacturing knowledge acquired from LF-04, LF-05 and LF-06 since early 2025, we’re gaining a higher understanding of the reservoir and putting a renewed emphasis on the general reservoir management plan with the target of maximising each water and gasoline manufacturing within the close to time period and in the end proving commerciality of the useful resource,” CEO Dougal Ferguson commented within the company’s press release. Now that drilling operations have concluded, TMK outlined its subsequent steps, together with a seek for project companions to co-fund the following development stage of Gurvantes XXXV. After closing at AU$0.002, shares of the company climbed mid-week, peaking at an AU$0.003 close on Wednesday and Thursday.
4. Latrobe Magnesium (ASX:LMG)
Weekly gain: 47.06 %
Market cap: AU$71.13 million
Share price: AU$0.025Latrobe Magnesium is a magnesium company recognized for developing what it claims is the world’s first-of-its-kind magnesium extraction manufacturing course of combining hydrometallurgical and thermal discount.
Its flagship asset is a portfolio of initiatives in Latrobe Valley, Victoria. This consists of a Stage 1 demonstration magnesium plant, which is anticipated to start out manufacturing later this yr.“In the Latrobe Valley, magnesium metal will be extracted from fly ash produced by brown coal power plants,” the company states on its web site. “This low emission process produces other valuable by-products such as supplementary cementitious material (SCM), silica and iron oxide using almost 100 percent of the fly ash resource.”On Monday, Latrobe mentioned that the Environmental Protection Authority had up to date and reissued its pilot project licence, with an extension granted till February 2027. This step will enable it to start hydrometallurgical operations again, with the primary magnesium oxide output coming after it achieves regular state operations.Shares of the company rose following the Monday announcement, climbing from a Monday close of AU$0.021 to an AU$0.027 close on each Tuesday and Wednesday.
5. Sunrise Energy Metals (ASX:SRL)
Weekly gain: 44.53 %
Market cap: AU$201.36 million
Share price: AU$1.915
Sunrise Energy Metals is a developer centered on the Sunrise battery supplies project in New South Wales. Sunrise hosts a nickel-cobalt-scandium deposit, which the company states is among the many largest of its variety globally. The project consists of the Syerston scandium project, deliberate as a smaller, standalone scandium extraction operation. The Sunrise deposit’s scandium useful resource estimate at the moment stands at 60.3 million tonnes at 390 elements per million (ppm) scandium for 23,500 tonnes of contained scandium.On July 28, the company launched high-grade scandium assays from a drill marketing campaign at Syerston, with outcomes reminiscent of 11 meters at 635 ppm scandium from floor, together with 6 meters at 788 ppm scandium from 4 meters.On Thursday, Sunrise mentioned shareholder Sam Riggall, director of philanthropic trust the JTM Foundation, had offered 180,000 shares on market to fund grants to Australian charities. The sale was break up throughout Wednesday and Thursday.
”Mr. Riggall stays a dedicated long-term shareholder within the company and retains a direct and oblique possession curiosity in over 2.5 million shares in (Sunrise Energy),” the Thursday announcement states.After spiking Wednesday, shares of Sunrise moved even greater on Thursday and closed at AU$1.92.
Don’t neglect to comply with us @INN_Australia for real-time news updates!Securities Disclosure: I, Gabrielle de la Cruz, maintain no direct investment curiosity in any company talked about on this article.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
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