A new report from broker Bell Potter has tipped massive growth for ASX materials stock LinQ Minerals Ltd (ASX: LNQ).
LinQ Minerals (LNQ) is a Perth-based gold-copper exploration and development company.
Its primary asset is the Gilmore Gold-Copper Project, an advanced exploration project covering ~597km2 over a strike length of ~40km between the towns of Temora and West Wyalong in central west NSW.
Since first listing on the ASX in June last year, it has rocketed more than 230% higher.
It has enjoyed the tailwinds of global gold prices.
For context, the Global X Physical Gold Structured (ASX: GOLD), which tracks the Australian dollar gold price, is up 40% in that same span.
After yesterday's trading, it sits at $0.64 per share. However, Bell Potter seems to believe it can continue to climb in the near future.
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Why is Bell Potter bullish?
In yesterday's report from Bell Potter, the broker highlighted the outstanding run of drilling results for this ASX materials stock.
After kicking off a maiden drilling program in October 2025, LNQ has released a series of drill results that have infilled and extended broad zones of gold-copper mineralisation at the Dam deposit, part of its 100%-owned Gilmore Gold Project, an advanced exploration stage project covering ~597km2 between Temora and West Wyalong in central west NSW.
The broker also said the results confirm and extend the continuity of a higher-grade core of gold-copper mineralisation at the Dam deposit.
According to Bell Potter, the consistency in the width and grade of these holes over >300m of strike is also a positive indicator for further potential extensions both at depth and within wide-spaced drilling at the southern end of the deposit.
The ASX materials company will resume its drill program in the coming weeks, with further holes at Gidginbung and the Dam.
Results from this follow-up program have clear potential to be positive catalysts for the share price. LNQ remains relatively cheap compared with peer companies.
Strong price target upside
Based on this guidance, the team at Bell Potter have a speculative buy recommendation on this ASX materials stock.
It also has a price target of $0.90.
Based on yesterday's closing price, this indicates an upside of approximately 40.6%.
The broker said it sees the foundations of a competitive development project that is undervalued by the market, and current and planned drilling programs have the potential to highlight this and catalyse a re-rating.
