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3 speculative ASX shares with huge potential

Potential Goal

As well as high quality blue chip shares such as Telstra Corporation Ltd (ASX: TLS), I believe the Australian share market is home to a good number of small-cap shares with huge growth potential.

Three of the more speculative ones that I think could be worth keeping a close eye on are listed below. Here’s why I think they could be destined for big things in the future:

Avz Minerals Ltd (ASX: AVZ)

This mineral exploration company is certainly one to watch thanks to the world class potential of its Manono lithium project in the Democratic Republic of Congo. The company has just started drilling at the site and early signs have been incredibly positive. The assay result of the first of seven drill holes at the Manono site revealed the presence of high-grade lithium mineralisation. Considering demand for lithium is expected to rise strongly over the next decade, Avz could be positioned perfectly to profit.

Bubs Australia Ltd (ASX: BUB)

I’ve been incredibly impressed at the way this baby food and infant formula company has developed its business in the last few months. Thanks to agreements with Brilite Nutritionals and NetEase, Bubs has significantly expanded the availability of its products in the massive China market. Only time will tell whether this ultimately leads to sales volumes that rival a2 Milk Company Ltd (Australia) (ASX: A2M), but it certainly has given itself a fighting chance in my opinion.

Fastbrick Robotics Ltd (ASX: FBR)

The company behind the Hadrian-X bricklaying robot recently placed shares with US-giant Caterpillar. Furthermore, the two parties agreed to enter into a memorandum of understanding to discuss and develop a potential framework for collaboration which ultimately will decide how best to offer Fastbrick’s technology to Caterpillar’s construction customers. For those unfamiliar with Hadrian X, the robot can lay 1,000 standard brick equivalents per hour. By comparison, the average Australian bricklayer can lay 400 bricks per day.

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Because 'Doc' Mahanti believes this fast-growing company has all the hallmarks of genuine Moonshot potential, forget 'buy now pay later', this stock could be the next hot stock on the ASX.

Doc and his team have published a detailed report on this tiny ASX stock. Find out how you can access what could be the NEXT Afterpay today!

Returns as of 6th October 2020

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia owns shares of A2 Milk and Telstra Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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