ASX stocks that have grown more than 200% in the past year

Highlights

• In the past one year, multiple factors which guide the commodities market have triggered changes in the prices of related stocks
• Shares of Quantum Graphite have surged by more than 260% in the last year
• In November 2022, Quantum Graphite announced the successful completion and results of the INEMET test program
• Shares of Lindian Resources have grown by more than 500% in the last twelve months

The resource or commodities market has experienced frequent fluctuations in the past one year. The changes in the share prices were a result of multiple factors that guided the commodities market, like inflation, demand and supply, government reserves, the COVID-19 pandemic, the Russian invasion of Ukraine, geopolitical factors, etc.

Share prices of some commodities took a hit, while others witnessed a significant gain in their share prices. Amidst the market conditions, there were a very few shares across different commodities like rare earth, graphite, coal, etc., which grew significantly.

Here, we look at some Australian Stock Exchange (ASX) shares which have gained over 200% in the past year, and the annual developments which played a significant role in their performance.

Data source: ASX as on 7 December 2022

Quantum Graphite Ltd. (ASX:QGL)

Quantum Graphite is a Melbourne-based company which owns Uley flake graphite deposits in southern Australia. It supports the full spectrum of flake graphite products. It is the only company that utilises thermal energy storage technologies in Li-ion batteries and long-duration deep-energy storage batteries.

In November 2022, Quantum announced the successful completion and results of the INEMET test program. The test measured the thermal performance of the flake graphite storage median under the ultra-high temperature conditions of the LDES battery. The results confirmed heat storage capacity, high performance, and uniformity of flake fractions.

Amid the development activities, QGL share prices have surged over 260% in the last 12 months.

Lindian Resources Ltd. (LIN)

Image Source: © Kalsers | Megapixl.com

Australia-based Lindian Resources Ltd. holds a wide portfolio of rare earth metals and bauxite, critical for electric vehicles, wind turbines, medical imaging, and manufacturing. Lindian’s Kangankude Rare Earth Project is recognised globally for its size, grade, and quality. The company has bauxite projects in Guinea and eastern Tanzania’s Mozambique belt.

Lindian shared preliminary mineralogical and assay results from Kangankude in October 2022. The site contains dolomite, strontianite, neodymium, praseodymium, thorium, and uranium. LIN has signed a contract for 10,000 metres of RC drill and 2,500 metres of core drilling for the phase 1 program. It will also perform hydrogeology studies in the final quarter of 2022.

The resource team of LIN has identified three distinct target zones for mineralisation. The zones consist of carbonatite breccia, mixed breccia, and altered fenite rocks. The carbonatite host contains up to 237,000 ppm of rare earth oxides. By mid-November, the company had completed drilling 669 metres.

In the past 12 months, shares of Lindian Resources have rocketed by more than 500%.

TerraCom Ltd. (ASX:TER)

TerraCom Limited is an Australia-based company with a large portfolio of assets in Australia and South Africa. TerraCom covers an area of 9500 sq. km in Queensland for coal exploration. The names of the projects are Blair Athol, Springsure, Clyde Park, and Northern Galilee. The coal found in Blair Athol is mid-energy, low-ash, ultra-low sulphur, and low-trace elements, making it suitable for Japan and South Korea.

The operations in South Africa are Kangala Colliery, New Clydesdale Colliery, North Block Complex, Ubuntu Colliery, and Arnot South.

TerraCom released the results of the September quarter in October 2022. The company had total coal sales of 2.34 Mt. The Blair Athol site completed its 14-day planned shutdown. It is expected to produce 1.1 Mt of coal for the six months to December 2022. The operations in South Africa had a total run-of-mine (ROM) coal production that was 2% lower than that of the June quarter. Production and sales improved at New Clydesdale Colliery. The North Block Complex had a 5% higher ROM coal production than in the June quarter.

TER shares have grown by more than 370% in the past 12 months.