But which small caps could be worth considering if your risk tolerance allows for it?

Well, listed below are three that Morgans recently rated as buys and is tipping to rise strongly from current levels. Here's what you need to know about them:

Airtasker Ltd (ASX: ART)

This small job listings company could be a small-cap ASX share to buy according to the broker.

It currently has a buy rating and 51 cents price target on its shares. This is more than double its current share price of 23 cents. It said:

It was a resilient 1H26 result for Airtasker, delivering ~13.5% group revenue growth to ~A$29m. Its established marketplaces saw EBITDA growth of ~11% to ~A$15m. Domestic metrics appear sound (e.g. uptick in booked tasks and brand salience), and we remain pleased with the momentum seen in ART's offshore marketplace build-out (UK/US revenue +85% and 380% on the pcp respectively).

We make minor adjustments to our topline forecasts (details below), we also include the additional $5m cash marketing costs into our 2H numbers along with the recent capital raise. Our price target is lowered to A$0.51. Buy maintained.

Meeka Metals Ltd (ASX: MEK)

Another small-cap ASX share that has caught the eye of Morgans is gold miner Meeka Metals.

Morgans was pleased with management's production growth plans and is expecting a "step-change in output" in the fourth quarter.

As a result, it has put a buy rating and 39 cents price target on its shares. This is also more than double its current share price of 17 cents. It said:

MEK announced an expansion to 800ktpa (equivalent ounce basis) via ore sorting, requiring modest capex of A$6m with commissioning scheduled for Q1FY27. Ore sorting effectively near doubles Andy Well underground head grade, lifting our annual production forecasts by an average of 7% from FY27 onwards. Open Pit throughput has tracked below DFS forecasts due to moisture-driven variability in open pit ore, an issue expected to resolve with underground stope commencement in 4QFY26.

We revise our FY26 production forecast to 37.6koz Au (from 40.2koz), this is below the DFS guidance. We maintain our BUY rating and A$0.39ps price target, acknowledging near-term production softness may weigh on the 3Q result ahead of an anticipated step-change in output in 4Q.

Readytech Holdings Ltd (ASX: RDY)

A final small-cap ASX share that Morgans rates highly is enterprise software provider Readytech.

Although it has downgraded its earnings estimates to reflect its revised guidance, the broker remains positive. This is due to its robust pipeline and potential near-term catalysts.

Morgans has a speculative buy rating and $2.20 price target on its shares. This implies potential upside of 85% for investors over the next 12 months. It said:

RDY's 1H26 result and revised outlook came in softer than expected, with Underlying EBITDA of $17.5m / Cash EBITDA of $7.5m ~6% behind MorgF. Whilst RDY's enterprise strategy remains on track, the group indicated that increased churn in 1H26 along with more protracted implementation/sale conversion have led to an FY26 guidance downgrade and the withdrawal of its longer-term targets.

Whilst we downgrade our FY26-27 EBITDA forecasts by 10-20% reflecting revised guidance, given RDY's robust pipeline, potential catalysts (VIC TAFE decision and likely increased corporate appeal), we move to a SPECULATIVE BUY rating, with a revised price target of $2.20/sh (previously $3.00/sh).

The post Morgans says these small-cap ASX shares could rise 85%+ appeared first on The Motley Fool Australia.

ASX mining shares have been the worst hit by the war in Iran, with the Metal & Mining Index falling 17.4% vs. a 7.7% drop for the ASX 300.

Fears of rising fuel costs and constrained supply are a major headwind for mining operations, potentially threatening production.

Additionally, ASX mining shares have been on a tear for 12 months, and the war may be prompting some investors to take profits now.

A global fuel crisis would hit almost every market sector, so an ongoing conflict in Iran could drag the whole market lower over time.

Kylie Purcell, Senior Markets Analyst for online investment platform Stake, said:

If the Strait of Hormuz stays closed and oil prices march upwards, we could see a sharper, sustained fall in global and Australian shares.

Meantime, here are three ASX mining shares with buy, hold, and sell ratings today.

Meeka Metals Ltd (ASX: MEK)

The Meeka Metals share price is 16 cents on Thursday, down 4.7% today but up 15.7% over the past year.

This week, Morgans maintained its buy rating on the ASX gold mining share with a 12-month price target of 39 cents.

The broker said:

MEK announced an expansion to 800ktpa (equivalent ounce basis) via ore sorting, requiring modest capex of A$6m with commissioning scheduled for Q1FY27. Ore sorting effectively near doubles Andy Well underground head grade, lifting our annual production forecasts by an average of 7% from FY27 onwards.

We maintain our BUY rating and A$0.39ps price target, acknowledging near-term production softness may weigh on the 3Q result ahead of an anticipated step-change in output in 4Q.

The ASX gold mining share will join the ASX 300 Index at the next rebalance, effective next Monday.

Lynas Rare Earths (ASX: LYC)

The Lynas Rare Earths share price is $20.04, down 1.7% today but up 162% over the past year.

This week, Bell Potter upgraded its rating on this ASX rare earths mining share from sell to hold.

The broker also significantly increased its 12-month price target from $11.60 to $19 per share.

The rating change followed the miner's announcement that it has extended its Japan Australia Rare Earths offtake agreement to 2038.

Bell Potter said this effectively guaranteed revenue of around $775 million at the current exchange rate.

Today, Lynas announced it had produced its first samarium oxide at the Malaysia site.

Lunnon Metals Ltd (ASX: LM8)

The Lunnon Metals share price is 34 cents, down 9.5% today but up 60% over the past 12 months.

On The Bull this week, Nathan Lodge from Securities Vault put a sell rating on this ASX nickel mining share.

Lodge explained:

For companies, such as Lunnon Metals, exploration success isn't sufficient to drive value if the underlying commodity price environment remains weak.

The company's strategy centres on exploring and advancing sulphide nickel deposits in a region historically known for high grade discoveries and established mining infrastructure.

However, global nickel prices have been under sustained pressure as supply from Indonesia has increased rapidly, creating a structural oversupply in the market.

Lunnon Metals gave a presentation at the Euroz Hartleys Conference yesterday.

The post Buy, hold, sell: 3 ASX mining shares appeared first on The Motley Fool Australia.

If you are, then it could be worth considering the two in this article.

That's because the team at Morgans has just named them as buys and is predicting major upside over the next 12 months.

Here's what the broker is recommending to clients in the mining sector:

29Metals Ltd (ASX: 29M)

This copper miner has caught the eye of Morgans following its recent equity raising. The broker believes this leaves 29Metals well-positioned to execute on its growth plans.

This morning, the broker has initiated coverage on the ASX mining stock with a buy rating and 54 cents price target. Based on its current share price of 34 cents, this implies potential upside of almost 60% for investors. It said:

We initiate coverage on 29Metals (29M) with a 12-month target price of A$0.54ps and a BUY recommendation. We expect the Xantho Extended restart and Gossan Valley development at Golden Grove to restore grades and operating flexibility, while a potential Capricorn Copper restart provides medium-term production growth. Following its recent equity raise, 29M is better positioned to execute its plans, with upside potential supported by a constructive long-term copper outlook.

Meeka Metals Ltd (ASX: MEK)

Another ASX mining stock that Morgans is positive on is gold miner Meeka Metals.

It highlights that the company is planning to expand its production capability with a modest capital investment.

While it suspects there could be some short-term production challenges, it believes things will pick up from the fourth quarter.

As a result, it has retained its buy rating and 39 cents price target on its shares. Based on its current share price of 15.7 cents, this suggests that its shares could more than double in value. Morgans commented:

MEK announced an expansion to 800ktpa (equivalent ounce basis) via ore sorting, requiring modest capex of A$6m with commissioning scheduled for Q1FY27. Ore sorting effectively near doubles Andy Well underground head grade, lifting our annual production forecasts by an average of 7% from FY27 onwards.

Open Pit throughput has tracked below DFS forecasts due to moisture-driven variability in open pit ore, an issue expected to resolve with underground stope commencement in 4QFY26. We revise our FY26 production forecast to 37.6koz Au (from 40.2koz), this is below the DFS guidance. We maintain our BUY rating and A$0.39ps price target, acknowledging near-term production softness may weigh on the 3Q result ahead of an anticipated step-change in output in 4Q.

The post 2 ASX mining stocks that could rise 60% to 100%+ appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:

Challenger Ltd (ASX: CGF)

The Challenger share price is up 2.5% to $7.87. This follows news that the annuities company has amended its takeover offer for Pepper Money Ltd (ASX: PPM). Challenger has reduced the offer price from $2.60 per share to $2.25 per share, less the final fully franked Pepper Money 2025 dividend of 7.8 cents per share and any special dividend. It notes that the revised proposal represents Challenger's best and final offer, in the absence of a superior proposal. The company also reminded investors that discussions remain incomplete and there is no certainty that the revised proposal will lead to a transaction. Pepper Money's independent board committee advised that it will consider the revised proposal.

Meeka Metals Ltd (ASX: MEK)

The Meeka Metals share price is up 4% to 17.2 cents. This morning, the gold miner revealed that it is upgrading its processing facilities to unlock ~200ktpa of additional mill capacity. This increases throughput to ~800ktpa. Meeka's managing director, Tim Davidson, said: "Ore sorting unlocks an additional 200,000 tonnes per annum of milling capacity and effectively doubles the head grade of Andy Well ore entering the plant, delivering a meaningful increase in annual gold production."

Vulcan Energy Resources Ltd (ASX: VUL)

The Vulcan Energy share price is up 1% to $3.01. This has been driven by an announcement from the lithium developer which revealed that it has been issued its first lithium production permit for the flagship Lionheart Project. This is the first such licence to be granted in the Upper Rhine Valley Brine Field, and in the state of Rhineland-Palatinate. Vulcan's managing director and CEO, Cris Moreno, commented: "Securing the first lithium production licence within the Lionheart Project marks another important milestone, and we thank the Mining Authority in the state of Rhineland-Palatinate for their excellent and timely collaboration during this process."

West African Resources Ltd (ASX: WAF)

The West African Resources share price is up 6% to $2.95. This follows the release of the gold miner's full-year results. West African Resources reported revenue of $1.54 billion and a net profit after tax of $567 million. This was underpinned by gold sales of 280,065 ounces with an average realised price of US$3,525 per ounce and all-in sustaining costs of US$1,488 per ounce.

The post Why Challenger, Meeka Metals, Vulcan Energy, and West African Resources shares are rising today appeared first on The Motley Fool Australia.

These types of companies often have stronger growth prospects than well established blue-chip shares.

While ASX small-caps can experience heightened volatility, here are two that have drawn attention from experts recently. 

The Environmental Group Ltd (ASX: EGL)

The Environmental Group engages in designing, application and servicing of gas and vapour emission control systems, inlet and exhaust systems for gas turbines, water purification and engineering services. 

It operates through the following three segments: Products, Services and the Corporate segment.

Yesterday, the company released 1H FY26 results which included: 

• Revenue up 8.6% on prior comparable period
• Underlying EBITDA up 25.9% on pcp
• Gross profit up 21.7% from pcp. 

Investors were clearly disappointed with the result, as the share price tumbled 15.69% following the release. 

Following the results, the team at Bell Potter issued updated its guidance on this ASX small-cap. 

It seems that after yesterday's sell-off, the small-cap could be undervalued. 

The broker reiterated its buy recommendation, but slightly lowered its price target to $0.350. 

From yesterday's closing price of $0.22, this still indicates an upside of 59%. 

The broker said:

Although EGL's first half was below expectations, we remain confident in its outlook. We believe EGL will reap the benefits of its growth initiatives which created temporary inefficiencies during the half. EGL's growing recurring and diversified revenue stream drives a forecasted EPS CAGR of +19% over the next 3 years. We retain our Buy recommendation.

Meeka Metals Ltd (ASX: MEK)

Meeka Metals is another ASX small-cap stock that has been drawing positive attention from brokers. 

It is a gold and rare earths company with a portfolio of high-quality 100% owned projects across Western Australia.

It has risen 60% over the past year, however it has slumped 20% since the start of 2026. 

This ASX small-cap also closed trading yesterday at $0.22. 

However a recent share price target from Morgans indicates it is well below fair value. 

The broker has a buy rating and price target of $0.33 on this ASX small-cap stock. 

That indicates an upside of 50%. 

The confidence out of the broker is on the back of recent earnings results from the gold miner. 

The broker said:

MEK delivered its 2Q26 operating result as the Murchison Gold Project continues to ramp up. Gold production increased 28% quarter on quarter to 9.1koz Au and was in-line with MorgansF of 9.3koz Au. Ounce production was underpinned by a mill head grade of 3.3g/t Au, ~10% above MorgansF assumptions; however, this grade outperformance is partially offsetting lower-than-expected throughput.

The post 2 ASX small-caps that could soar according to brokers appeared first on The Motley Fool Australia.

But not all gold names are created equal — and none exemplify that better than Ramelius Resources Ltd (ASX: RMS) and Meeka Metals Ltd (ASX: MEK).

Ramelius Resources shares have soared 81% over the past 12 months and Meeka a whopping 119%, while the gold commodity price rose 68%.

Let's have a look at whether the ASX gold shares could keep the pace going.

Ramelius Resources

This ASX gold share has been one of the quieter winners of the gold rally, with its share price powering higher over the past year as higher bullion prices collided with improving operational delivery.

As a profitable mid-tier producer with multiple Western Australian assets, Ramelius has benefited from rising margins, strong cash generation, and growing confidence that its production base is sustainable rather than short-lived. Investors have rewarded that stability, pushing the ASX gold stock ahead of many peers still grappling with cost blowouts or development risks.

The big strength for Ramelius is execution. It is already producing, already generating cash, and already reinvesting into exploration and extensions that could support output for years. That lowers risk and gives the company leverage to gold prices without the existential threats facing smaller miners.

The flip side is that expectations are now higher. Costs remain elevated across the sector, and any slip in grades, mine sequencing, or gold prices could quickly cool enthusiasm.

Analysts generally see further upside for the ASX gold share, but most are more measured than the market was six months ago. After the miner revealed its 2Q FY26 results, Morgans maintained its buy rating on the stock and lifted its price target from $4.50 to $5.50.

That points to a 23% upside, compared to the share price of $4.47 at the time of writing.

Meeka Metals

This smaller ASX gold share has delivered the kind of share price surge that gold investors dream about. As sentiment around the gold sector heated up, Meeka's transition from explorer to emerging producer lit a fire under the stock, sending it almost 120% higher over the past year.

Unlike Ramelius, Meeka's gains have been driven less by current cash flow and more by what investors believe the company could become if its Murchison project delivers as planned.

That optionality is Meeka's greatest strength. A growing resource base, improving project economics, and a clear pathway toward production give the company significant leverage to a strong gold price. If execution goes smoothly, the ASX gold stock could continue to outpace both gold and much of the sector.

But that leverage cuts both ways. The company remains small, capital-hungry, and highly sensitive to delays, cost overruns, or weaker sentiment. Any stumble could hit the share price hard.

Analyst coverage is limited but optimistic, reflecting the upside potential rather than proven delivery. The average 12-month price target is $0.45, representing a potential gain of 97% from the current share price of $0.23.

Foolish Takeaway

Looking ahead, Ramelius offers steadier, production-led gains with lower risk. Meeka has greater upside, but only if it executes cleanly.

Big returns favour Meeka; more reliable exposure to gold favours Ramelius — both with risks as gold optimism runs high.

The post Can these 2 ASX gold shares keep outpacing the gold rally? appeared first on The Motley Fool Australia.

Top broker Morgans gives the following ASX miners a buy rating.

Here's why.

Ramelius Resources Ltd (ASX: RMS)

This ASX gold mining share is up 2.05% to $4.50 apiece on Tuesday.

Ramelius Resources shares have rocketed 78% over the past 12 months, while the gold commodity price has ascended 68%.

After the miner revealed its 2Q FY26 results, Morgans remained buy-rated on the stock and lifted its price target from $4.50 to $5.50.

However, the broker downgraded its recommendation from buy to accumulate.

Morgans said:

RMS reported its 2Q26 result following its pre-release update on 8 January, delivering production of 45.6koz at an AISC of A$1,977/oz.

RMS remains on track to meet FY26 guidance of 185–205koz at an AISC of A$1,700–A$1,900/oz, with YTD production now at 100.6koz at an AISC of A$1,901/oz.

Lower production reflects the ongoing tapering of Cue open pit head grades, partially offset by higher-grade feed from Penny (9.8g/t Au).

Importantly, development at Dalgaranga has now accessed the high-grade Never Never orebody, with initial development ore stockpiled (16kt at 3.5g/t Au), providing a positive lead indicator for grade uplift into coming quarters.

Meeka Metals Ltd (ASX: MEK)

This fellow ASX gold mining share is 23 cents, up 5.5% today and up 132% over the past 12 months.

After reviewing the company's 2Q FY26 results, Morgans maintained its buy rating on Meeka Metals shares.

It also kept its 12-month share price target at 33 cents.

MEK delivered its 2Q26 operating result as the Murchison Gold Project continues to ramp up.

Gold production increased 28% quarter on quarter to 9.1koz Au and was in-line with MorgansF of 9.3koz Au.

Ounce production was underpinned by a mill head grade of 3.3g/t Au, ~10% above MorgansF assumptions; however, this grade outperformance is partially offsetting lower-than-expected throughput.

Looking ahead, improvements in mill throughput, driven by underground production remain key to maintaining alignment with PFS forecasts.

Aeris Resources Ltd (ASX: AIS)

The Aeris Resources share price is 58 cents, up 3% on Tuesday.

The ASX copper mining share has skyrocketed by 316% over the past 12 months.

Like gold, copper has also been on an upward trajectory, rising 35% year over year due to higher demand because of the energy transition.

Following Aeris Resources' 2Q FY26 report, Morgans maintained its accumulate rating and lifted its price target from 60 cents to 70 cents.

The broker said:

Solid 2Q26 delivery. Cracow continues its strong performance and Tritton operated broadly to plan.

Our earnings forecasts and valuation have been upgraded to reflect the company's improved earnings outlook for the remainder of FY26 in the current copper and gold price environment.

The post 3 ASX mining shares to buy: Morgans appeared first on The Motley Fool Australia.

But which small caps are buys? Let's take a look at three that Morgans is recommending to clients:

Meeka Metals Ltd (ASX: MEK)

This gold miner could be a small-cap ASX share to buy according to Morgans. In response to the company's quarterly update, the broker has retained their buy rating and 33 cents price target on its shares.

It was relatively pleased with the miner's performance during the quarter. It said:

MEK delivered its 2Q26 operating result as the Murchison Gold Project continues to ramp up. Gold production increased 28% quarter on quarter to 9.1koz Au and was in-line with MorgansF of 9.3koz Au. Ounce production was underpinned by a mill head grade of 3.3g/t Au, ~10% above MorgansF assumptions; however, this grade outperformance is partially offsetting lower-than-expected throughput.

Looking ahead, improvements in mill throughput, driven by underground production, remain key to maintaining alignment with PFS forecasts We maintain our BUY rating, price target A$0.33ps and update our precious metals price deck.

Neurizon Therapeutics Ltd (ASX: NUZ)

Another small-cap ASX share that gets a thumbs up from Morgans is Neurizon. It has put a speculative buy rating on its shares with a reduced price target of 28 cents.

The broker believes that with major risks cleared, now is a great time to be jumping on board with this clinical-stage biotech company. This is especially the case given how there is a condensed catalyst runway ahead of it. It said:

Following FDA clearance, the imminent start of the Ph2/3 trial and the removal of the funding overhang providing full visibility through the pivotal program, NUZ now offers one of the cleanest entry points seen in the past 18 months, with major risks cleared and a condensed catalyst runway ahead.

Recent M&A activity underscores the scarcity value of ALS assets and provides a meaningful valuation anchor for NUZ if its clinical program delivers. Post recent capital raises, we update for the new share issuances which drive a reduction in our target price to A$0.28 from A$0.39, although we maintain our Speculative Buy rating, noting the high risk / high reward proposition.

Saluda Medical Inc (ASX: SLD)

This commercial-stage medical device company could also be a small-cap ASX share to buy according to Morgans. It has put a speculative buy rating and $3.07 price target on its shares.

It was pleased with the company's second quarter update and management revenue guidance upgrade for FY 2026. The broker said:

2Q activity report debut did not disappoint, highlighting accelerating US commercial momentum, cost actions to reduce future operating expenses and upgraded FY26 revenue guidance. Revenue growth jumped 15% QoQ, supported by rising implanted patient volumes, and continued expansion of both sales reps and implanting physicians, while cash outflow fell 14% QoQ on a lower fixed cost base supportive of operating leverage.

We believe management's decision to lift FY26 revenue guidance c4% at this early-stage post-IPO reflects improving visibility on sales execution and demand trends, reinforcing confidence in a stronger 2H performance. We update FY26 forecasts in line with guidance, with our DCF-based TP unchanged at A$3.07. SPECULATIVE BUY maintained.

The post Morgans names 3 exciting small cap ASX stocks to buy now appeared first on The Motley Fool Australia.

The gold price is up 0.5% to US$4,958 per ounce, a new record, at the time of writing.

ASX gold shares and ASX gold ETFs are going nuts on Friday.

Get this: the S&P/ASX All Ords Gold Index (ASX: XGD) soared 1,322 points higher to a record 21,612.2 points this morning.

That equates to a staggering 6.5% gain in one day. By comparison, the S&P/ASX All Ordinaries Index (ASX: XAO) is up 0.34%.

The screaming gold price continues to defy expectations.

Just three months ago, top broker Goldman Sachs predicted that gold would rise to US$4,900 per ounce by the end of 2026.

Well, that happened today, and it's only January.

The broker conducted a poll of institutional investors in November and found one in three expect gold to go above US$5,000 per ounce.

That seems increasingly likely.

The gold price is up by just under 15% in the year to date.

The market pushed the yellow metal 7% higher this past week alone after US President Donald Trump slapped a new 10% tariff on goods from eight European nations to punish their opposition to his aspirations to buy Greenland.

The gold price rocketed 65% in 2025, following a 27% gain in 2024, largely due to central banks diversifying away from the US dollar.

Let's see what ASX gold shares and ETFs are doing today.

Hold on to your hats… this is going to be fun.

ASX gold shares soar as gold price hits new record

Let's focus on the large-cap ASX gold shares first.

The Northern Star Resources Ltd (ASX: NST) share price is up 6.23% to $27.81.

Northern Star shares dropped 8.1% yesterday after the miner disappointed the market with its December quarter report.

Northern Star's report, significant because it's the largest gold miner by market cap on the ASX, combined with news of lower unemployment in Australia, which raised the prospects of an interest rate hike this year, weighed on gold shares and ETFs yesterday.

The Evolution Mining Ltd (ASX: EVN) share price is up 6.59% to $15.04.

Newmont Corporation CDI (ASX: NEM) shares are up 4.64% to $179.90 apiece.

Among the mid-cap ASX gold shares, Ramelius Resources Ltd (ASX: RMS) shares are up 8.3% to $4.96.

The Greatland Resources Ltd (ASX: GGP) share price is up 9.81% to $14.22.

The Genesis Minerals Ltd (ASX: GMD) share price is $8.06, up 8.04%.

Perseus Mining Ltd (ASX: PRU) shares are up 6.6% to $6.46 apiece.

Westgold Resources Ltd (ASX: WGX) shares are up 6.67% to $7.76.

The Capricorn Metals Ltd (ASX: CMM) share price is up 4% to $15.47.

Vault Minerals Ltd (ASX: VAU) shares are up 4.76% to $5.94 apiece.

Regis Resources Ltd (ASX: RRL) shares are up 8.64% to $8.24.

How about ASX small-cap gold shares?

Among the small-cap ASX gold shares, Resolute Mining Ltd (ASX: RSG) shares are up 8.14% to $1.40.

The Pantoro Gold Ltd (ASX: PNR) share price is 5.83% higher at $5.45.

Meeka Metals Ltd (ASX: MEK) shares are up 3.57% to 29 cents.

Kingsgate Consolidated Ltd (ASX: KCN) shares are up 2.48% to $7.03 apiece.

The Golden Horse Minerals Ltd CDI (ASX: GHM) share price is 0.64% higher at 79 cents.

Black Cat Syndicate Ltd (ASX: BC8) shares are up 5.24% to $1.56.

(By the way, Warwick Grigor, an analyst at Far East Capital, offered some advice on how to select small-cap gold stocks to buy this week.)

What about ASX gold ETFs?

The Betashares Global Gold Miners Currency Hedged ETF (ASX: MNRS) streaked 4.87% to a record $18.94 per unit today.

MNRS was the best performer among the 423 ETFs on the Australian share market last year.

The VanEck Gold Miners AUD ETF (ASX: GDX) is up 4.54% to $157.45.

Perth Mint Gold (ASX: PMGOLD) is up 2.29% to $71.92 per unit.

Global X Physical Gold (ASX: GOLD) is up 2.63% to $66.27 per unit.

VanEck Australian Resources ETF (ASX: MVR), the No. 1 performer among ETFs holding ASX shares in 2025, is up 1.22% to $47.41.

The post ASX gold shares go crazy as gold price rips toward US$5,000 on Friday appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are storming higher:

Meeka Metals Ltd (ASX: MEK)

The Meeka Metals share price is up 7% to 23 cents. This follows the release of drilling results from the gold miner's Andy Well Underground Mine. Commenting on the drilling, Meeka's managing director Tim Davidson said: "The high gold grades in this drilling are typical of the Andy Well mineralisation and are likely to extend the mining footprint by 450m to the south, a significant increase to the current mine plan. The high-grade gold remains open down plunge and we see strong potential to further expand the Resource and production plan in this area."

Nufarm Ltd (ASX: NUF)

The Nufarm share price is up 9% to $2.59. This appears to have been driven by the release of a number of bullish broker notes this morning. One of those came from Morgans. In response to its full year results, the broker has upgraded Nufarm's shares to a buy rating with a $3.20 price target. It said: "While NUF's FY25 result was weak, it was slightly above guidance. A solid Crop Protection result was overshadowed by a poor Seed Technologies performance. Gearing was far too high at 2.7x, however it was better than feared Outlook comments were upbeat. In FY26, material earnings growth and a reduction in leverage ratios is expected. We have upgraded our forecasts."

SKS Technologies Group Ltd (ASX: SKS)

The SKS Technologies share price is up 5% to $3.49. This follows the release of an update at the technology solutions provider's annual general meeting. Management revealed that it is forecasting revenue of around $320 million and a profit before tax of $28.8 million. This is being underpinned by "strong demand across all market sectors, with significant and accelerating growth forecasts in the data centre sector."

TechnologyOne Ltd (ASX: TNE)

The TechnologyOne share price is up 6% to $31.06. Investors have been flooding back into the beaten down tech sector today after Nvidia (NASDAQ: NVDA) released a stronger than expected quarterly update. This has eased concerns that there could be an AI bubble that is about to burst. At the time of writing, the S&P/ASX All Technology Index is up by a sizeable 3.3%.

The post Why Meeka, Nufarm, SKS, and TechnologyOne shares are storming higher appeared first on The Motley Fool Australia.

At the time of writing, the gold price is US$4,011 per ounce, representing an astonishing 53% gain in the year to date.

The S&P/ASX All Ordinaries Gold Index (ASX: XGD) is up 98% in 2025 and smashed a new record of 16,969.9 points earlier today.

By comparison, the S&P/ASX All Ordinaries Index (ASX: XAO) has lifted just 9.5% over the same period.

Goldman Sachs says the gold price is receiving much support from central bank purchases, particularly in emerging markets.

A recent World Gold Council survey found 95% of central banks expect global gold holdings to continue increasing over the next year.

Of course, the strong commodity price is great news for the big ASX 200 gold shares.

The Northern Star Resources Ltd (ASX: NST) share price is up 60% in 2025, while Evolution Mining Ltd (ASX: EVN) is up 133%.

Newmont Corporation CDI (ASX: NEM) shares have lifted 120% in the year to date.

While that's impressive, the most spectacular gains are being seen among the ASX small-cap gold shares.

Here are some examples.

7 superstar ASX small-cap gold shares

Dateline Resources Ltd (ASX: DTR)

This ASX small-cap gold share has streaked into the stratosphere in 2025.

Dateline Resources shares have skyrocketed 9,600% in 2025 to trade at 48.5 cents apiece on Thursday.

Dateline Resources is an Australian-based company focused on gold mining and exploration targets in the United States.

The company owns 100% of the Colosseum Gold-REE Project in the Walker Lane Trend in East San Bernardino County, California.

This ASX small-cap gold share has a market capitalisation of $2.2 billion.

Dateline Resources lodged its response to an ASX price query today.

Barton Gold Holdings Ltd (ASX: BGD)

The Barton Gold share price has soared 412% higher in the year to date, trading at $1.28 on Thursday.

Barton Gold is a mineral exploration company in South Australia.

Its projects include Tarcoola, a brownfield open-pit mine, and Tunkillia, which has a 1.5Moz Au JORC Mineral Resource Estimate.

Barton Gold shares have a market capitalisation of $289 million.

New Murchison Gold Ltd (ASX: NMG)

New Murchison Gold shares have more than tripled in value in 2025.

The New Murchison Gold share price has soared 240% in the year to date to trade at 3.4 cents today.

New Murchison Gold is a mineral exploration company that owns substantial tenements in the Murchison goldfield in Western Australia.

This ASX small-cap gold share has a market capitalisation of $404 million.

Kingsgate Consolidated Ltd (ASX: KCN)

The Kingsgate share price has ripped 209% in the year to date, trading at $3.98 today.

Kingsgate is an Australian gold and silver producer and the owner and operator of the Chatree Gold Mine in central Thailand.

It also owns and operates the Nueva Esperanza Gold-Silver Project in the renowned Maricunga Belt in northern Chile.

Kingsgate Consolidated shares have a market capitalisation of $1.03 billion.

Yesterday, Kingsgate announced the highest quarterly production at Chatree since the restart.

A total of 23,922 ounces of gold and 205,841 ounces of silver were produced, representing an 18% quarterly increase in gold production.

Golden Horse Minerals Ltd CDI (ASX: GHM)

The Golden Horse share price has leapt 204% in the year to date, trading at 73 cents today.

Golden Horse is undertaking a regional strategy to define JORC resources and fast-track production across multiple gold prospects in Western Australia.

Golden Horse holds one of the largest land parcels in the renowned Southern Cross Greenstone Belt. Its flagship project is Hopes Hill.

This ASX small-cap share has a market capitalisation of $117 million.

Black Cat Syndicate Ltd (ASX: BC8)

Black Cat shares are up 144% in the year to date, trading at $1.39 today.

This Western Australian gold producer has a substantial and growing portfolio of high-grade projects in prime gold regions.

Its projects include the Paulsens Gold Operation in the Pilbara, the Kal East Gold Project east of Kalgoorlie, and the Coyote Gold Operation in the Western Tanami.

Black Cat achieved first gold at the Myhree open pit at Kal East in the second half of 2024, followed by first gold at Paulsens in December.

This ASX small-cap gold share has a market capitalisation of $989 million.

Black Cat gave investors an update on its progress at Kal East yesterday.

Meeka Metals Ltd (ASX: MEK)

The Meeka Metals share price is up 159% in the year to date, trading at 21 cents on Thursday.

Meeka Metals has a portfolio of high-quality fully-owned projects in Western Australia.

Its flagship mine is the Murchison Gold Project, which has a high-grade 1.2Moz at 3g/t Au Mineral Resource on granted mining leases.

Meeka Metals has a 10-year production plan in place for the Murchison Gold Project. The miner reported first gold in July.

The miner hopes to produce up to 76koz per annum (averaging 65koz per annum for the first seven years).

This ASX small-cap gold share has a market capitalisation of $605 million.

The post 7 ASX small-cap gold shares skyrocketing in 2025 appeared first on The Motley Fool Australia.

That was slightly weaker than the benchmark S&P/ASX 200 Index (ASX: XJO) but still an impressive result.

The ASX 200 increased by 9.97% and provided total returns of 13.81%, according to S&P Global data.

The ASX All Ords represents the 500 largest listed companies in Australia by market capitalisation.

Among them, eight companies saw their share prices triple over the financial year.

Let's check them out.

The 8 triple-baggers of the ASX All Ords in FY25

For a stock to triple its value, it needs more than 200% share price growth. These eight ASX All Ords shares achieved just that.

1. Larvotto Resources Ltd (ASX: LRV)

ASX All Ords gold and antimony mining share Larvotto shot the lights out in FY25 with a stunning 479% share price growth.

The stock finished the year at 69.5 cents apiece.

Larvotto says its Hillgrove gold and antimony project in NSW is Australia's largest antimony deposit and the eighth largest in the world.

Antimony is a critical metal used in the production of military applications and solar panels.

2. Catalyst Metals Ltd (ASX: CYL)

Shares of ASX All Ords gold explorer Catalyst Metals rose by an astounding 362% to close at $5.22 apiece on 30 June.

Catalyst benefited from strong growth in the gold price, with the commodity rising to a record US$3,500.05 per ounce on 22 April.

3. Meeka Metals Ltd (ASX: MEK)

Another ASX All Ords gold share, Meeka Metals, leapt 333% to close out the year at 14.5 cents per share.

Meeka Metals is a junior gold and rare earths exploration company with a portfolio of projects across Western Australia.

4. Titomic Ltd (ASX: TTT)

Titomic is benefiting from the rising global defence investment theme, with its shares lifting 311% to 30 cents in FY25.

The company offers industrial-scale metal additive manufacturing solutions using its patented kinetic fusion cold spray technology.

The cold spray is used in the development and production of products for the aerospace, defence, and shipbuilding industries.

5. Elsight Ltd (ASX: ELS)

This ASX All Ords tech stock lifted 290% to close at $1.775 on 30 June.

Elsight develops communications technology for unmanned, autonomous systems used in defence, public safety, and commercial sectors.

6. Canyon Resources Ltd (ASX: CAY)

This ASX All Ords materials share rose 236% to close at 24.5 cents on 30 June.

Canyon Resources is a mineral exploration company specialising in high-grade bauxite resources for the global aluminium market.

7. Orthocell Ltd (ASX: OCC)

ASX All Ords healthcare share, Orthocell, rose by 231% to $1.175 on 30 June.

Orthocell is a regenerative biotech that develops therapies to repair soft tissue injuries and regenerate nerve and tendon tissue.

8. Catapult Group International Ltd (ASX: CAT)

This ASX All Ords tech share soared 210% to close at $5.86 per share on 30 June.

Catapult is a global sports data and analytics company.

It provides professional sporting teams with detailed real-time data to optimise athletes' performances. 

The post 8 ASX All Ords shares that tripled in value in FY25 appeared first on The Motley Fool Australia.

Four ASX shares that are falling more than most today are listed below. Here's why they are dropping:

Aurelia Metals Ltd (ASX: AMI)

The Aurelia Metals share price is down 25% to 23 cents. Investors have been selling this gold miner's shares after it released its guidance for FY 2026 and its aspirational outlook for the following two years. Aurelia Metals is forecasting a sizeable drop in production in FY 2026 with higher operating costs. And while it expects a rebound in production the following year, it is then forecasting another sizeable decline in FY 2028. This appears to have disappointed investors and fallen significantly short of the market's expectations.

Centuria Office REIT (ASX: COF)

The Centuria Office share price is down 2.5% to $1.20. This appears to have been driven by a broker note out of Bell Potter this morning. According to the note, the broker has downgraded the office property company's shares to a sell rating with a reduced price target of $1.10 (from $1.20). It said: "We appreciate that there is deep value in this name (-28% discount to NTA) when taking a long-term view (given white collar employment growth and limited new supply) but considering the lack of near-term catalysts and BP estimates for negative FFO growth (-14% FY25 & -1% FY26) we see better relative value elsewhere in the sector."

Meeka Metals Ltd (ASX: MEK)

The Meeka Metals share price is down 11.5% to 15.5 cents. This has been driven by the completion of the gold developer's institutional placement. Meeka has raised $60 million at a discount of 15 cents per new share. Meeka's managing director, Tim Davidson, said: "With this funding in place the Company is now focused on maximising the expanded open pit mining opportunity, confirming the pathway to bring forward production with increased processing capacity and defining further growth opportunities with the drill bit."

Resolute Mining Ltd (ASX: RSG)

The Resolute Mining share price is down 10% to 59.7 cents. This reflects broad weakness in the gold industry today after the US Federal Reserve elected to not cut interest rates overnight. It isn't just Resolute Mining that is falling. The S&P/ASX All Ordinaries Gold index is down 10% at the time of writing.

The post Why Aurelia Metals, Centuria Office, Meeka Metals, and Resolute shares are tumbling today appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:

Beach Energy Ltd (ASX: BPT)

The Beach Energy share price is up 4.5% to $1.29. Investors have been buying Beach Energy and other ASX energy stocks today after oil prices surged overnight amid escalating tensions between the US and Iran. This has offset a broker note out of Morgans, which saw its analysts downgrade Beach Energy's shares to a hold rating with a reduced price target of $1.36. It sees potential for the company to disappoint when it releases its next quarterly update.

Meeka Metals Ltd (ASX: MEK)

The Meeka Metals share price is up 14% to 18.2 cents. This morning, the gold developer announced that ore is being fed into its processing plant and commissioning is underway at the Murchison Gold Project. Meeka Metals' managing director, Tim Davidson, said: "With commissioning of processing in June 2025, we achieve an important milestone for the Murchison as we transition from developer to producer status. It rounds out a period of consistent delivery against our development timeline and reflects our focussed actions to bring the project online."

Monash IVF Group Ltd (ASX: MVF)

The Monash IVF share price is up 8% to 65.5 cents. This has been driven by news that the fertility treatment company's CEO, Michael Knaap, has resigned. Monash IVF's CFO and company secretary, Malik Jainudeen, has been appointed as acting CEO. On Wednesday, the company announced a second incident at one of its clinics. On this occasion, a "patient's own embryo was incorrectly transferred to that patient, contrary to the treatment plan which designated the transfer of an embryo of the patient's partner."

Qantas Airways Ltd (ASX: QAN)

The Qantas Airways share price is up 3% to $10.81. This morning, analysts at Morgan Stanley responded positively to Qantas' decision to close its Jetstar Asia business. The broker has retained its overweight rating on the airline operator's shares with an improved price target of $12.00. Elsewhere, Morgans upgraded Qantas' shares to a hold rating with an improved price target of $10.80. This is in line with where its shares are now trading.

The post Why Beach Energy, Meeka Metals, Monash IVF, and Qantas shares are racing higher today appeared first on The Motley Fool Australia.

The gold explorer is trading at 16 cents per share today, up 4.52% as investors continue to celebrate its latest update.

Meanwhile, the S&P/ASX All Ordinaries Index (ASX: XAO) is up 0.51% to 8,681.90 points.

Let's find out what's got investors so excited about this ASX gold share.

ASX gold share up again amid expectations of 'first gold' this month

Meeka Metals released a development update on its Murchison Gold project on Friday.

Meeka said the expansion and upgrade of its processing plant are nearing completion, with commissioning scheduled for this month.

The explorer expects to achieve 'first gold' imminently.

Managing director Tim Davidson said:

With power to the plant and ore stocks on the ROM we are on track for commissioning and first gold in the coming weeks.

Meeka said its open-pit mining continues at St Anne's North and Turnberry Central, and ore stockpiles are building in anticipation of the processing plant's commissioning.

The company said underground establishment work at the Andy Well mine was nearing completion.

Power and services have been established to the mine, and the Stage 1 primary ventilation system has been installed.

Meeka expects ore drive development to commence shortly.

The miner has also completed the expansion of its accommodation village to enable an increased on-site workforce.

Davidson said the additional workers would allow the company to operate the open pits and underground mines concurrently.

This will enable Meeka to get more high-grade ore to the mill sooner.

Those new workers are undertaking their onboard training now.

Meeka Metals said:

Recruitment for the underground mining team, under the Company's owner-operator model, has been extremely successful and
onboarding will continue through June 2025 in advance of ore development commencing in mid-2025.

The update excited investors, with the ASX gold share rising 7.41% on Friday.

The stock lifted by another 6.9% yesterday and also hit a 52-week high of 17 cents per share.

Additional gold discovery likely to boost reserves estimate

Last Thursday, Meeka Metals also released drilling results from its open pit expansion drilling program at Turnberry Central.

The company has discovered additional thick and shallow high-grade gold, including:

• 10m at 5.20g/t Au from 37m including 2m at 23.23g/t Au (25TBRC009)
• 1m at 15.83g/t Au from 61m (25TBRC009)
• 16m at 1.39g/t Au from 34m including 7m at 2.25g/t Au (25TBRC019)
• 5m at 2.68g/t Au from 55m including 1m at 10.33g/t Au (25TBRC016)

Meeka Metals said:

Combined with the strong drill results from Turnberry South, this shallow highgrade gold highlights the potential to grow Reserves and will likely extend the Stage 1 oxide open pits beyond the initial ~2 years planned in the DFS.

Re-evaluation of the Stage 1 open pit design is underway, incorporating this new drilling.

ASX gold shares rising on Tuesday

Meeka Metals is not the only ASX gold share rising today.

As my colleague Bernd covers, ASX gold shares are up again amid a continually strong gold price.

The gold price is currently trading at US$3,363.77 per ounce, down 0.53% today but up 28.10% in the year to date.

The S&P/ASX All Ordinaries Gold Index (ASX: XGD) is up 2.51% today.

The gold price lifted to a new record of US$3,500.05 per ounce on 22 April amid continually strong demand for safe-haven investments.

The post Up 305% in a year, what's got investors so excited about this ASX gold share? appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most are listed below. Here's why they are pushing higher:

Catapult Group International Ltd (ASX: CAT)

The Catapult Group share price is up 8% to $5.68. Investors have been buying the sports technology company's shares following the release of a broker note out of Morgan Stanley. The broker was impressed with Catapult's strong performance in FY 2025 and believes this positive form can continue for the foreseeable future. Particularly given how the total addressable market for wearables and video sports technology is expected to grow at a three-year compound annual growth rate of 5%. As a result, the broker has retained its overweight rating on Catapult's shares with an improved price target of $6.00.

Champion Iron Ltd (ASX: CIA)

The Champion Iron share price is up a further 3% to $4.39. This iron ore miner's shares have risen this week following the release of its fourth quarter and full year results. For the fourth quarter, Champion Iron reported production of 3.2M wmt, record sales of 3.5M dmt, revenue of C$425 million, and EBITDA of C$127 million. The latter represents a 44% increase on the prior quarter and a 50% lift on the same period last year. In response, this morning, Macquarie Group Ltd (ASX: MQG) retained its outperform rating and $6.10 price target on the miner's shares.

Healthco Healthcare and Wellness REIT (ASX: HCW)

The Healthco Healthcare and Wellness share price is up 11% to 91.7 cents. This has been driven by news that Healthscope's receivers have agreed to pay outstanding rent. It said: "All outstanding rent arrears for March and April 2025 and 85% of rent for May 2025 will be paid immediately. HCW and UHF (Landlords) will receive 85% of the rent due for the period June-August 2025. The remaining 15% deferred rent for the May-August 2025 period is due in September 2025."

Meeka Metals Ltd (ASX: MEK)

The Meeka Metals share price is up almost 4% to 14 cents. This morning, this gold explorer released an update on the development of the Murchison Gold project. According to the release, the processing plant has powered up and commissioning is targeted for mid-June. Managing director Tim Davidson said: "With power to the plant and ore stocks on the ROM we are on track for commissioning and first gold in the coming weeks."

The post Why Catapult, Champion Iron, Healthco, and Meeka Metals shares are pushing higher today appeared first on The Motley Fool Australia.

Let's see why analysts are bullish on these names:

Genesis Minerals Ltd (ASX: GMD)

The first ASX gold stock that could be one of the best to buy in 2025 is Genesis Minerals.

That's the view of analysts at Bell Potter, which are bullish on the Western Australia-based gold production and development company.

The broker has named it on its best ideas list for the year ahead, highlighting its strong growth outlook and falling costs. It said:

Following a period of significant M&A activity, GMD has outlined plans to grow production to 325kozpa by FY29 (from 135koz in FY24), and 350kozpa by FY34. GMD aspires to get to 400kozpa and has significant optionality within its existing Resource portfolio.

GMD guides to near term growth with FY25 production guidance of 190koz to 210koz, a ~50% increase on FY24, and recently restarted the Laverton Gold Processing plant. Management is highly experienced, well known and respected. The combination of growing production, declining costs and a supportive gold price, will progressively enhance GMD as a growth platform.

Bell Potter has a buy rating and $2.80 price target on its shares.

Meeka Metals Ltd (ASX: MEK)

Morgans thinks that this small cap ASX gold stock could be a quality option for investors looking for exposure to the precious metal.

The broker has described the company as the "best-positioned single-asset gold development company on the ASX." Though, it concedes that at this stage, it is only suitable for investors with a high tolerance for risk. It commented:

Meeka Metals' Feasibility 2.0 (FS 2.0) outlines the upside of increased processing capacity, delivering 38% average annual EPS growth, A$1bn in pre-tax free cash flow, 31% increase in ore reserves, 40% production growth and projected total gold sales of 544koz. Site activity continues to ramp up as open pit mining is on track to commence in March 2025 before first gold mid-2025.

Our revised target price of A$0.23ps (previously A$0.19ps) reflects significant growth in production, processing, and reserves. We remain positive about the business, viewing MEK as the best-positioned single-asset gold development company on the ASX to capitalise on prevailing gold prices.

Morgans has a speculative buy rating and 23 cents price target on its shares. This implies huge potential upside of approximately 200%.

The post 2 of the best ASX gold stocks to buy for 2025 appeared first on The Motley Fool Australia.

As you're likely aware, the outsized gains many of the Aussie gold miners have been posting since the end of February have been fuelled by a fast-rising gold price.

It was only back on 15 February, that an ounce of gold was trading for US$1,992 per ounce. Which was already near historic highs.

Over the weeks that followed, the yellow metal surged to set a series of new all-time highs, topping US$2,392 per ounce on Friday.

At the time of writing on Monday, that same ounce is worth $US2,378.

As for the performance of ASX gold shares, the S&P/ASX All Ordinaries Gold Index (ASX: XGD) has rocketed 27.3% since the closing bell on 28 February. That's even more remarkable as over this same period the All Ordinaries Index (ASX: XAO) is down 0.3%.

So, with these big gains already in the bag, is it too late to go prospecting for multi-bagger gold stocks?

Not according to Collins St Asset Management chief investment officer Vasilios Piperoglou.

Targeting multi-bagger gains from small-cap ASX gold shares

As The Australian Financial Review reports, Collins St made some outsized returns from their early investment in uranium and late by backing offshore oil services stocks.

But Piperoglou believes the opportunity presented by ASX gold shares, particularly in the small-cap space, could outshine those previous successes.

"With gold stocks, the way the asymmetry is playing out currently, I think there is a greater potential in this than the other two," he said. "We're seeing the very early signs of the start of a gold bull market."

And Piperoglou doesn't believe ASX investors will have to wait around for years for some of the top junior gold miners to double, or more, in value. The kind of multi-bagger we all like to have in our portfolios.

"At some stage, investors are going to get smacked in the face," he said. "There will be a moment within months, not years, where people wake up and these quality small-caps will multi-bag."

The small-cap ASX gold shares currently owned by the Collins St value fund include:

• Barton Gold Holdings Ltd (ASX: BGD)
• Brightstar Resources Ltd (ASX: BTR)
• Tesoro Gold Ltd (ASX: TSO)
• Great Boulder Resources Ltd (ASX: GBR)
• Meeka Metals Ltd (ASX: MEK)
• Odyssey Gold Ltd (ASX: ODY)

The fund also holds two larger ASX gold miners, both with market caps north of $1 billion. Namely Ramelius Resources Ltd (ASX: RMS) and Westgold Resources Ltd (ASX: WGX).

The post Buying ASX gold shares? Here's where this top fundie sees 'multi-bagger' gains on offer appeared first on The Motley Fool Australia.

The S&P/ASX 200 Materials Index (ASX: XMJ) is one of the best performers today, up 0.48% at the time of writing.

Investors might hope that positive developments like these and others will help give the broader market some buoyancy, as the S&P/ASX 200 Index (ASX: XJO) is currently slipping 0.12%.

Let's cover which small-cap companies are helping to boost today's sentiment to higher levels.

Tempus Resources Ltd (ASX: TMR)

The Tempus Resources share price is up 8.47% trading at 6.4 cents at the time of writing today.

This morning the gold exploration company announced that it had intersected 1,572 grams of gold per tonne at its Elizabeth Project in Southern British Columbia.

The company advised that drill-hole EZ-22-09 returned "bonanza" grades including the "best intersection ever encountered at Elizabeth Gold Project". It has found high-grade assays over widths of up to 1.05m in multiple intersections.

Tempus Resources CEO Jason Bahnsen commented on the results:

Assays announced today confirm the presence of more high and bonanza grade gold in the Blue Vein. The visible gold observed in the core for drill-hole #9, as reported on 7 July, has assayed approximately 50oz of gold per tonne over 0.20 metres, our highest grade intersection from the project to date.

This drill hole intersected the vein approximately 15 metres below the previously announced EZ-22-03 drill hole, showing vertical continuity of the high grade zone. All seven drill holes reported today intersected the Blue Vein at multiple points further supporting the model for stacked vein mineralisation throughout the Blue Vein structure.

The company has completed 30 drill holes to date, with a further 20 pending assay results.

Meeka Metals Ltd (ASX: MEK)

The Meeka Metals share price is also having a good run today after a recent discovery.

Shares in the rare earth miner are up 2.9% at 7.1 cents after touching an intraday high of 7.5 cents in early trading. This comes after the company posted assay results from its Circle Valley site in Western Australia, which included high grades of neodymium (NdPr) and scandium (Sc).

Meeka Metals managing director Tim Davidson had this to say about the discovery:

Results continue to show a shallowing cover profile at the northwest of Circle Valley, corresponding with a +1,000ppm high-grade component of the rare earth mineralisation, rich in NdPr magnet rare earth elements.

This shallow high-grade mineralisation appears to trend northwest into an undrilled part of Circle Valley, which will be a focus for Mineral Resource infill drilling commencing in early 2023.

Sarytogan Graphite Ltd (ASX: SGA)

Shares in Sarytogan are up 2.5% trading at 41 cents apiece in afternoon trading.

The graphite exploration company posted drilling results from its Sarytogan Graphite Deposit located in Kazakhstan this morning.

"Thick-high grade graphite intercepts" were reported, which included 133.9 metres of graphite mineralisation at its ST-71 hole.

The company advised further assay results were pending, with drilling at the site on track to be completed by November this year.

Sarytogan managing director Sean Gregory commented:

These exceptional drilling results are continuing to expand what is already a giant graphite deposit. Sarytogan's systematic approach is characterising the entire deposit area to identify the best location to be selected for future mining studies.

The post 3 tiny ASX mining shares leaping higher on new discoveries appeared first on The Motley Fool Australia.