In March, this ASX-listed gallium company outperformed and overshadowed gold.

3 min read | April 01, 2025 11:00 AM AEDT | By Team Kalkine Media

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In March, this ASX-listed gallium company outperformed and overshadowed gold. — Image source: Shutterstock

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Highlights:

Gold prices surge, influencing multiple ASX-listed gold companies.

RareX (ASX:REE) announces a significant gallium discovery at Cummins Range.

Trek Metals (ASX:TKM) and Errawarra Resources (ASX:ERW) report notable gains through exploration and acquisitions.

March saw a sharp increase in gold prices, driving widespread interest across the resource sector. With gold reaching new highs, several ASX-listed companies experienced significant growth. The upward trend positioned numerous gold-centric firms among the top gainers on the exchange. Among them, Dateline Resources (ASX:DTR), Black Dragon Gold (ASX:BDG), and Gorilla Gold Mines (ASX:GG8) recorded strong market movements, reflecting heightened activity within the sector.

Geopolitical factors contributed to increased demand, reinforcing the appeal of gold within the broader resource industry. The surge in value led to an uptick in exploration and development efforts, as companies continued to capitalize on market conditions. The sustained interest in gold assets reaffirmed the commodity’s standing within the ASX landscape.

RareX Unveils High-Grade Gallium Discovery

Amid gold’s strong performance, RareX (ASX:REE) announced a breakthrough discovery at its Cummins Range project. The analysis of historical drilling data revealed high-grade gallium, positioning the site as a key location for critical mineral resources. Gallium's significance in the semiconductor and electronics industries adds further importance to the discovery, as supply constraints influence market demand.

With China's export restrictions on gallium impacting global availability, the Cummins Range project gains relevance within Australia's mineral sector. The presence of rare earths and phosphate alongside gallium enhances the resource profile of the site. This discovery aligns with growing interest in commodities essential for technological advancements and industrial applications.

Resource Sector Sees Broad-Based Gains

Beyond the rise in gold prices, other ASX-listed resource companies made strategic advancements. Trek Metals (ASX:TKM) reported high-grade results from its Christmas Creek project, reinforcing exploration efforts. The company’s drilling activities gained momentum, reflecting a continued focus on project expansion.

Similarly, Errawarra Resources (ASX:ERW) strengthened its position through acquisitions. The company secured a stake in the Elizabeth Hill silver project and obtained silver rights at the Pinderi Hills project. These developments contributed to a shift in company strategy, leading to its rebranding as West Coast Silver (ASX:WCE).

Shifting Dynamics in the Resource Industry

The resource sector continues to evolve as companies adapt to changing market conditions. The combination of rising gold prices and new mineral discoveries highlights the dynamic nature of commodity-based industries. Increased exploration and acquisition activity across ASX-listed firms further emphasize the sector’s ongoing developments.

The critical minerals segment, particularly with gallium’s emergence, brings renewed attention to diversified resource assets. Companies remain focused on strengthening their asset bases, ensuring steady progress across exploration and development initiatives. With ASX 200, Gold Stocks remaining key drivers of market activity, the broader landscape reflects a shifting focus towards both traditional and emerging commodities.

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