5 ASX mining shares that have more than doubled in value in just a year

These supercharged ASX mining shares operate in lithium, copper, rare earths, and bauxite.

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

Over the past 12 months, the S&P/ASX All Ordinaries Index (ASX: XAO) has gained a solid 5.7%.

That's not bad, considering the massive headwinds of rising interest rates and inflation during this period.

But as always, there are outliers — and many of these supercharged stocks are in the resources sector.

In this article, we reveal 5 ASX mining shares that have shot the lights out over this volatile period.

Happy miner with his arms folded.

Image source: Getty Images

The supercharged ASX mining shares of the past year

The ASX mining shares profiled below are just some of the fastest-growing stocks over the past 12 months.

Delta Lithium Ltd (ASX: DLI)

The Delta Lithium share price has risen by 111% over the past year.

Formerly known as Red Dirt Metals, the ASX lithium mining share is changing hands for 87 cents apiece at the time of writing, down 0.57% today.

Executive Chairman David Flanagan recently said the company is "drilling at a remarkable rate" and "seeing such incredible results".

He added: "Our Mt Ida Project continues to surprise on the upside and the potential scale at the Yinnetharra Project remains huge."

Xanadu Mines Ltd (ASX: XAM)

The Xanadu share price has gained 395% over the past year.

The ASX mining share is currently trading for 10 cents, up 6.4% today.

Xanadu is a mineral explorer with assets in Mongolia. It is among several ASX copper mining shares looking to cash in on the anticipated copper boom that's coming amid global decarbonisation.

Xanadu shares began a material run after announcing better-than-expected results in its Kharmagtai Prefeasibility Study (PFS) infill drilling program in mid-June.

Latin Resources Ltd (ASX: LRS)

The Latin Resources share price has gained 479% over the past year.

The lithium small-cap mining share is steady today at 39.5 cents per share.

Significant progress at Latin's flagship Salinas Lithium Project in Brazil turbocharged the miner's valuation in recent months.

In late June, Latin Resources confirmed the discovery of a "district scale lithium corridor" at the site.

Meteoric Resources NL (ASX: MEI)

The Meteoric Resources share price has gained a staggering 2,200% over the past year.

The ASX rare earths miner is fetching 23.5 cents today, up 4.4%.

This ASX mining share really began to take off in December with the acquisition of the advanced Caldeira Project in Brazil.

In May, Meteroic Resources announced a maiden resource at Caldeira, and later reported that eight of 11 new diamond drill holes revealed a "significant depth extension of the target clay zone".

Lindian Resources Ltd (ASX: LIN)

The Lindian Resources share price has gained 150% over the past year.

This ASX bauxite and rare earths miner is trading steady today at 42.5 cents a share.

Lindian has bauxite projects in both East and West Africa. Much of the company's success in FY23 came from its acquisition of the "globally significant" Kangankunde Rare Earths Project in Malawi one year ago.

Since that time, Lindian has reported a series of high-grade assays that have boosted its share price.

Motley Fool contributor Bronwyn Allen 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 Resources Shares

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

This ASX lithium company could more than double in value one broker says, after a "transformational" funding deal

This company will be cashed up after this new agreement goes through.

Read more »

A woman stands in a field and raises her arms to welcome a golden sunset.
Resources Shares

Newmont shares jump again as record cash flow and buyback boost sentiment

Newmont shares rise after reporting record cash flow and expanded buybacks.

Read more »

Calculator and gold bars on Australian dollars, symbolising dividends.
Resources Shares

Newmont declares quarterly dividend for ASX investors

Newmont Corporation declares a US$0.26 quarterly dividend for ASX investors, with payment to follow in June 2026.

Read more »

Lakes in the form of footsteps among the green trees, indicating steps towards a healthier planet.
Resources Shares

Fortescue invests $680m in Pilbara Green Energy Project

Fortescue commits US$680 million to expand Pilbara green energy infrastructure, aiming to meet increasing industrial and data centre demand.

Read more »

A woman sits at her computer with her hand to her mouth and a contemplative smile on her face as she reads about the performance of Allkem shares on her computer
Resources Shares

IGO lowers Greenbushes guidance

IGO's Q3 results reveal record Nova output, while maintaining focus on operational improvements and long-term battery minerals growth.

Read more »

Machinery at a mine site.
Resources Shares

PLS Group provides March quarter earnings update

PLS Group lifted quarterly revenue and cash on the back of higher lithium prices, while maintaining disciplined cost control and…

Read more »

Three miners wearing hard hats and high vis vests take a break on site at a mine as the Fortescue share price drops in FY22
Share Market News

5 years ago, $5,000 bought 118 BHP shares. How many would it buy now?

The mining giant also pays its shareholders very attractive passive income.

Read more »

Sell buy and hold on a digital screen with a man pointing at the sell square.
Broker Notes

After more than quadrupling investors' money in a year, are PLS shares still a buy?

A leading analyst delivers his outlook for the soaring PLS share price.

Read more »