Gold and Lithium: 2 ASX 200 Mining Shares to Buy Now

3 min read | November 07, 2023 05:03 PM AEDT | By Team Kalkine Media

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Investors keen on commodities such as gold and lithium have numerous options within the ASX 200 mining share market. This article focuses on two ASX mining stocks, Mineral Resources Ltd and Regis Resources Ltd, which have garnered favor from Bell Potter as strong investment opportunities. These companies offer exposure to gold and lithium markets, with compelling factors making them attractive prospects.

Mineral Resources Ltd (ASX: MIN):

Mineral Resources Ltd is a diversified mining company with projects spanning multiple commodities. However, its standout asset is the renowned Wodgina lithium operation located in Western Australia. Bell Potter holds a positive view of the company and emphasizes several reasons to consider Mineral Resources Ltd:

Diversified Earnings: Mineral Resources Ltd's diversified portfolio offers earnings from various sources, providing stability and risk mitigation.
Strong Insider Ownership: A significant level of insider ownership reflects commitment and confidence in the company's performance.
Strategic Clarity: The company has clearly articulated strategies that guide its operations.
Contracting Expertise: Mineral Resources Ltd possesses expertise in contracting, contributing to its financial stability.
Growth Opportunities: The Onslow project, coupled with potential lithium expansions into downstream markets, offers prospects for internal growth.

Bell Potter maintains a "Buy" rating on the company's shares, accompanied by a $90.00 price target, indicating a potential 50% upside for investors.

Regis Resources Ltd (ASX: RRL):

Regis Resources Ltd is an ASX-listed mining company that predominantly focuses on gold mining. Bell Potter identifies several key reasons for considering Regis Resources Ltd:

Australian Asset Base: The company's all-Australian asset portfolio presents unique advantages and stability within the market.
Organic Growth: Regis Resources Ltd has organic growth opportunities, contributing to its potential for sustained development.
M&A Potential: In the current merger and acquisition (M&A)-friendly environment, the company is viewed as a potential takeover target due to its size and Australian focus.

Bell Potter provides a "Buy" rating for Regis Resources Ltd's shares and sets a price target of $2.31, suggesting a 23% potential upside for investors over the next 12 months.

Conclusion:

Investors seeking exposure to the gold and lithium markets within the ASX 200 mining share space should consider Mineral Resources Ltd and Regis Resources Ltd as compelling options. Both companies offer unique strengths and strategic advantages that make them attractive prospects for investment. Bell Potter's positive assessments and price targets reflect the potential growth opportunities associated with these ASX-listed mining shares

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