3 ASX mining stocks going gangbusters on Tuesday

These mining stocks are making investors smile today.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

While the market is pushing higher on Tuesday and is on course to record a solid gain, it pales in comparison to some of the gains being printed today.

For example, three ASX mining stocks that are rocketing higher today are listed below:

Vanadium Resources share price person riding rocket indicating share price increase

Image source: Getty Images

BBX Minerals Ltd (ASX: BBX)

The BBX Minerals share price was up as much as 27% at one stage today. This followed news that impressive results were obtained from a highly successful bioleaching pilot plant test utilising a sample from the Tres Estados project in Brazil. BBX Minerals describes itself as a unique mineral exploration and mineral processing technology company.

Forrestania Resources Ltd (ASX: FRS)

The Forrestania share price was up a massive 163% to 20 cents before being halted from trade. This rise was driven by the release of a drilling update from the ASX mining stock's flagship Forrestania project in Western Australia's southern Yilgarn region. The company's Calypso prospect is believed to be a prospective host for Lithium-Caesium-Tantalum (LCT) pegmatites. This is based on anomalous soil geochemistry, outcropping pegmatites, and pegmatite intercepts in historic drilling.

Leeuwin Metals Ltd (ASX: LM1)

The Leeuwin Metals share price was up as much as 23% to 43 cents during intraday trade. This morning, this ASX mining stock revealed that sampling of lithium drill core is underway at the Jenpeg Lithium Project in Canada, with assay results expected in 4 to 8 weeks. Management commented: "Jenpeg is an emerging lithium discovery in Manitoba, with work to date indicating that the region has the potential to host a large-scale, lithium rich pegmatite system."

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Materials Shares

A man holds his head in his hands, despairing at the bad result he's reading on his computer.
Materials Shares

Why is this ASX rare earths share sinking 13% today?

What's going on with this share today? Let's dig deeper into things.

Read more »

A construction worker leaps high in the air on a building site.
Materials Shares

Why are James Hardie shares storming higher today?

After a steep sell-off, investors may start to see strength and long-term potential.

Read more »

Young successful engineer, with blueprints, notepad, and digital tablet, observing the project implementation on construction site and in mine.
Materials Shares

Which ASX rare earths company's shares are trading higher on new funding news?

Two major government finance agencies have signed on.

Read more »

A man sitting at his dining table looks at his laptop and ponders the share price.
Materials Shares

ASX lithium shares 'compelling' as top broker adjusts ratings

UBS predicts the global oil shock caused by the war in Iran will drive higher demand for electric vehicles.

Read more »

Three workers jump in the air at a steel factory.
Materials Shares

This ASX steel stock is unlocking hidden value. So why is it falling today?

BlueScope shares fall after an update on surplus land developments.

Read more »

A man slumps crankily over his morning coffee as it pours with rain outside.
Materials Shares

Guess which ASX mining stock is crashing 24% today

The miner is raising capital for the fourth time in as many years.

Read more »

A man wearing a suit and holding an EV charger gives the thumbs up.
Materials Shares

3 reasons to buy this high flying ASX lithium stock for the long term

World-class assets, strong balance sheet, and smart growth support long-term outlook.

Read more »

Young successful engineer, with blueprints, notepad, and digital tablet, observing the project implementation on construction site and in mine.
Materials Shares

Is this ASX iron ore stock a better buy than Fortescue?

Bell Potter thinks this stock could rise 90%.

Read more »