10 ASX-listed metals & mining penny stocks under the spotlight for August

Summary

  • The commodity market has been in the limelight for the last one year.
  • As a result, the companies in the metals and mining space have also gained substantially during the period.
  • Venturex Resources, Podium Minerals and Rumble Resources are a few penny stocks in the metals and mining space, whose share prices have increased significantly in the recent past. 

The commodity market has been in the limelight for the last one year. The prices of commodities such as iron ore, copper, gold, and silver have surged manifold in a very short span due to several positive developments across the world. As a result, the companies in the metals and mining space have also gained substantially during the period.

Here we will discuss about 10 penny stocks in the metals & mining space whose prices have more than doubled in the past year. The stocks could do well in August.

(However, one needs to do thorough research before taking any exposure as sinusoidal market trends are evident)

Venturex Resources Ltd (ASX:VXR)

Venturex Resources is in the business of Mid-Tier Base Metals in Australia. The company has two main projects – Sulphur Springs Project and Whim Creek Project.

                       

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As of 23 July 2021, the stock of the company rose by nearly 1400% in one year, with its share price rising from AU$0.050 to AU$0.72.

Last month, the shares of the company zoomed on reports of increased mineral resources at the Whim Creek Copper-Zinc joint venture project.

Source: © Dana | Megapixl.com

Whim Creek, a joint venture between Anax Metals and Venturex, was found to have in store 37% more copper than earlier estimated.

According to the joint venture agreement, Anax will pay for Venturex’s interest in the project as and when mining begins.

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Podium Minerals Ltd (ASX:POD)

Podium Minerals is a mining and exploration firm with focus on gold, base metals, and platinum group metals. Shares of the miner surged by nearly 960% in one year.  The share price has increased from AU$0.060 to AU$0.62.

The company has plans in store to become Australia’s first Platinum Group Metal (PGM) producer with a focus on developing its Parks Reef project.

The investor presentation also said that the company has started the mine optimisation studies and preliminary economic analysis to boost its production going ahead.

Globe Metals & Mining Ltd (ASX:GBE)

Globe Metals & Mining is engaged in developing specialty metals and minerals. Shares of Globe Metals & Mining surged by 600% in the past one year. During the period, the stock price rose to AU$0.14 from AU$0.020.

The company recently announced that in June it received a notification from the Principal Secretary of Mining that the Malawi Government’s Mineral Resources Committee had examined the company’s mining authorisation application for the Kanyika Niobium Project and granted a mining permit.

The company also said that it would wait until it receives a mining licence. It would also complete a development agreement with the Malawi Government.

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Pilbara Minerals Ltd (ASX:PLS)

Pilbara Minerals is involved in exploration and mine development of lithium and tantalum.  Shares of the miner have surged by 431% in one year.  The share price has increased from AU$0.33 to AU$1.72.

Recently, Pilbara announced the completion of the acquisition of 100% stake in Altura Lithium Operations (ALO). The company eyes better-than-expected production in the fourth quarter. It also expects the mineral resource estimates to be upgraded in the coming months.

In its second quarter results, Galaxy Resources, which is Pilbara’s competitor in the same market, reported record production. The company also said that it “continues to experience strong demand” for lithium products. Analysts expect that Galaxy’s healthy performance may bode well for Pilbara too.

Aldoro Resources Ltd (ASX:ARN)

Aldoro Resources is into mining and exploration of gold, nickel, and copper. The stock of the company has given a return of 336% in one year. The stock price has surged from AU$0.11 to AU$0.47.

Earlier this month, Aldoro acquired Wyemandoo Project and Niobe tantalum-lithium project to expand its Windimurra Lithium pegmatite footprint

The project is rich in LCT type pegmatites with high concentration of lithium, cesium, tantalum and tungsten with rock chip lithium oxide.

Rumble Resources Ltd (ASX:RTR)

Rumble Resources is involved in the exploration of base and precious metal projects.

RTR shares have offered a return of 257% in the last one year. The stock price has risen from AU$0.14 to AU$0.50.

Recently, Rumble Resources started a 30,000-metre drilling program at the Chinook discovery, located within Earaheedy.

BCI Minerals Ltd (ASX:BCI)

BCI Minerals is a mineral exploration company.

The company’s stock rose by nearly 222% in one year. The share price rose from AU$0.18 to AU$0.55.

The Western Australian Environmental Protection Authority (EPA) recently gave the nod for its Mardie salt and potash project in the Pilbara with 19 conditions to be adhered to.

Source: © Fazon1  | Megapixl.com

Grange Resources Ltd (ASX:GRR)

Grange Resources is into iron ore and gold exploration. The stock has given a return of 207% to its shareholders in one year. The stock price has increased from AU$0.27 to AU$0.83.

In its quarterly report for period ended 30 June 2021, the company said that the average price it received for its iron ore products rose by 25% over the period. The company also said that its operations were not impacted by the COVID-19 pandemic. The company’s operating costs fell by 20% during the quarter.

Jervois Mining Ltd (ASX:JRV)

Jervois is a mining company with exposure to cobalt, nickel, and copper exposure.

The company’s stock has risen by nearly 171% in one year. The share price rose from AU$0.21 to AU$0.57.

The company’s board earlier this month gave approval to the final construction of its Idaho Cobalt Operations (ICO) in the United States.

Sovereign Metals Ltd (ASX:SVM)

Sovereign Metals is into exploration, and development of mineral resource projects in Australia and Malawi. 

The company’s stock has surged nearly 170% in one year. The share price rose from AU$0.22 to AU$0.61.

In a recent announcement, Sovereign Metals said that it possesses a “company making asset” in the Kasiya rutile deposit in Malawi. The company also said that it was speeding up work programs to meet key short-term objectives at Kasiya.

Sovereign Metals said that there was “the perfect storm” to support rutile prices going forward.

The factors such as “resurgence in demand for titanium pigment and from the welding sector” and “strong market fundamentals driving a robust long-term price” would keep the prices higher in the coming days.

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Note: - Podium Minerals Ltd (ASX:POD) is Kalkine's B2B client.

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