From LTR to DEG: ASX All Ordinaries stocks with the highest five-year returns

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From LTR to DEG: ASX All Ordinaries stocks with the highest five-year returns

 From LTR to DEG: ASX All Ordinaries stocks with the highest five-year returns
Image source: © Traviswolfe  | Megapixl.com

Highlights

  • The ASX All Ordinaries index measures the performance of the 500 largest companies in the Australian equities market
  • The All Ordinaries’ five-year returns stand at 3.06%
  • LTR, CHN, AVZ, DEG are the top four companies from the All Ordinaries that have provided the highest price return in the last five years

The All Ordinaries index measures the performance of the 500 largest companies in the Australian equities market, drawn from eligible companies listed on the Australian Securities Exchange (ASX). The index gained 0.14% on Thursday. Its month-to-date, quarter-to-date, year-to-date and one-year returns stand negative, while its five-year return is 3.06%.

This article will discuss recent updates of the top four companies from the ASX All-Ordinaries that have provided the highest price returns to their investors in the last five years.

Liontown Resources Limited (ASX: LTR)

Liontown Resources finds, develops and supplies battery minerals to the Electric Vehicle and Energy Storage industries. It has two lithium deposits in Western Australia. Lithium is the key material for batteries, and its demand will grow by many folds in the future, backed by the rapid growth of electric vehicles.

Earlier this month, Liontown executed a five-year Offtake Agreement with electric vehicle manufacturer Tesla, Inc., under which Liontown will supply up to 150,000 dry metric tonnes (DMT) of spodumene concentrate per year from its  Kathleen Valley Lithium Project.

Chalice Mining Limited (ASX: CHN)

Chalice Mining is a worldwide renowned specialist explorer and developer with a major greenfield platinum group element (PGE), nickel, copper, cobalt, and gold discovery at its Julimar Project in Western Australia.

Last month, the company completed a Placement of AU$100 million for funding the exploration and pre-development activities at its 100%-owned Julimar NickelCopper-PGE Project and highly prospective West Yilgarn licence holding.

AVZ Minerals Limited (ASX: AVZ)

AVZ is a minerals exploration company developing the Manono project. Manono is potentially one of the world’s largest lithium-rich LCT (lithium, caesium, tantalum) pegmatite deposits. It is in central Africa's south of the Democratic Republic of Congo (DRC).

Last month, the Mining Licence for the Manono Lithium and Tin Project was awarded by the DRC Minister of Mines to Dathcom Mining SA. AVZ holds a 75% interest in Dathcom via its wholly owned subsidiary AVZ International Pty Ltd. The award paves the way for AVZ to start developing one of the world's most important new mining projects.

De Grey Mining Limited (ASX: DEG)

De Grey is a gold explorer and project development company based in Western Australia. The company’s 100%-owned Mallina Gold Project is in the Pilbara region of WA, where De Grey has made a large-scale, high-value, near-surface gold discovery in an area called Hemi.

Last month, the company reported encouraging results from pilot-scale metallurgical testwork from its Brolga zone at Hemi, undertaken at ALS Metallurgy in Perth. It achieved an overall recovery of 91.9% on a 4.5-tonne sample of lower-grade (0.9g/t Au) mineralisation from Brolga, achieving a final reject tail grade of ~ 0.07 g/t Au.

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