Experts name 2 ASX mining shares to buy and one to hold (inc. BHP shares)

Here's what experts are saying about these mining shares.

If you are looking for exposure to the mining sector, then it could be worth hearing what analysts are saying about the ASX mining shares named below, courtesy of The Bull.

Let's see which ones they are tipping as buys and another they rate as a hold:

A man wearing a shirt, tie and hard hat sits in an office and marks dates in his diary.

Image source: Getty Images

Aguia Resources Limited (ASX: AGR)

Far East Capital has named this Brazil-focused phosphate producer as a buy this week. However, it is worth noting that its analyst, Warwick Grigor, is also a non-executive director and shareholder in the company.

Grigor highlights that Aguia Resources was recently given an operating licence from Brazil's environmental agency, which leaves it well-placed as one of only a few producers that can replace imported product. He said:

I am a non-executive director and own shares in Aguia Resources. AGR was recently issued with an operating licence from Brazil's environmental agency FEPAM. The licence establishes AGR as a Brazilian phosphate and processing company and facilitates mining of the Tres Estradas project. It leaves AGR as one of the few domestic Brazilian phosphate producers that can replace imported product.

Mining equipment has been mobilised to the site and first sales are imminent. The mine life is expected to exceed 20 years amid low capital expenditure and token bank debt. An extended growth curve is expected during the next four to five years with continuous expansion. The shares were trading at 1.8 cents on June 11, 2026.

BHP Group Ltd (ASX: BHP)

Over at EnviroInvest, its team has named BHP shares as a hold this week.

It believes the investment case is less compelling than it was previously, stating:

This diversified miner produces iron ore, copper and other commodities critical to global economic growth. It remains a core holding in many portfolios due to its scale, balance sheet strength and ability to generate significant cash flow through commodity cycles.

However, in my view, recent news reports highlighting delays to decarbonisation initiatives and a reduced emphasis on environmental objectives are disappointing. Copper and potash projects still provide exposure to the energy transition, but the environmental investment case is less compelling than it was several years ago.

Power Minerals Ltd (ASX: PNN)

Far East Capital has also named Power Minerals as a buy this week. However, once again, it is worth highlighting that the one recommending the critical minerals explorer is a shareholder.

Commenting on the ASX mining share, he said:

Power Minerals is a South American focused critical minerals exploration and development company. The company recently acquired the high grade Morro do Ferro (MDF) rare earths project in Brazil. The company has embarked on a maiden diamond drilling campaign in a bid to unlock the project's value. The drilling campaign is expected to take up to three months with results progressively released.

PNN reported high grade total rare earth oxides and magnet rare earth oxides from sampling assay results as part of its due diligence before acquiring the project. PNN recently appointed experienced rare earths specialist Alistair Stephens as chief executive officer. I own the stock.

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 recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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