While the majority of investors will be very familiar with resources shares such as BHP Billiton Limited (ASX: BHP) and Santos Ltd (ASX: STO), I suspect the three shares listed below will be flying under the radar of most investors.
Are they destined for big things?
Artemis Resources Ltd (ASX: ARV)
Artemis Resources is an exploration and development company with a focus on cobalt, gold and copper through a diverse range of assets in Karratha and its Mt Clement Paulsens project in Western Australia. I’ve been impressed with its exploration results thus far and believe Artemis is likely to have lucrative assets to develop over the next few years. Importantly, Artemis owns the fully permitted 425,000tpa Radio Hill nickel and copper operations and processing plant located just 25km south of Karratha. Artemis is well worth keeping a close eye on next year in my opinion.
Australian Mines Limited (ASX: AUZ)
The main attraction to this cobalt and nickel miner for many investors is its Sconi Project and the massive mineral resource uncovered there. The project has a high quality mineral resource estimated to be in the region of 89 million tonnes and a low waste to ore ratio. Although I’m a little concerned with what has been going on behind the scenes at Australian Mines, it’s hard to deny that the company could be a big winner from the electric vehicle boom.
Lepidico Ltd (ASX: LPD)
Another company that stands to benefit greatly from the rapid growth of electric vehicle adoption is Lepidico. It is focused on the exploration, development, and production of lithium and recently welcomed Galaxy Resources Limited (ASX: GXY) as a major shareholder. The company owns the technology behind a metallurgical process that has successfully produced lithium carbonate from non-conventional sources. Management believes that the L-Max process has the potential to disrupt the lithium market by providing additional lithium supply from alternative sources. I’ll certainly be keeping an eye on it in 2018.
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Motley Fool contributor James Mickleboro owns shares of Galaxy Resources Limited. The Motley Fool Australia has no position in any of the stocks mentioned. 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.