ASX mining shares dominate the list of companies hitting these new price milestones today.

Arguably, the most significant price peak today is for BHP Group Ltd (ASX: BHP) shares.

BHP reclaimed its place as the All Ords' largest share by market capitalisation from Commonwealth Bank of Australia (ASX: CBA) today.

CBA took the title from BHP in July 2024 during an unprecedented run that took it to a record $192 per share in June 2025.

The CBA share price is $150.35 on Tuesday, up 0.85%, while BHP shares are $49.66, up 2.54%, at the time of writing.

The BHP share price hit a two-year high of $50.08 this morning.

But today isn't all about BHP shares.

Plenty of other ASX All Ords shares have smashed new multi-year highs as well.

Here's a sample.

ASX All Ords shares reaching new price highs

As stated earlier, mining shares dominate the list of company highs today, so let's focus on them first.

Besides BHP, two other large-cap ASX diversified miners hit new 52-week share price highs.

The Mineral Resources Ltd (ASX: MIN) share price rose 2.8% to a 52-week high of $64.05.

South32 Ltd (ASX: S32) shares hit a 52-week high of $4.54 per share, up 3.4%.

Among the ASX All Ords gold shares, Newmont Corporation CDI (ASX: NEM) lifted 1.9% to a record high of $181.91.

The Resolute Mining Ltd (ASX: RSG) share price soared 10.3% to a 52-week peak of $1.50.

Ramelius Resources Ltd (ASX: RMS) shares surged 3.5% to a record $5.09.

Regis Resources Ltd (ASX: RRL) shares increased 2.8% to a multi-year high of $8.58.

Copper and gold miner Firefly Metals Ltd (ASX: FFM) lifted 5.8% to a 52-week high of $2.20 per share.

Among ASX silver shares, Silver Mines Ltd (ASX: SVL) rose 12.5% to a 52-week high of 27 cents.

Canaccord Genuity sees more growth ahead for Sun Silver Ltd (ASX: SS1) shares, which rose 6.5% to a record $2.47 apiece today.

ASX All Ords lithium shares also hit new price peaks.

Shares in lithium and nickel producer IGO Ltd (ASX: IGO) increased 2% to a two-year high of $9.50.

The Winsome Resources Ltd (ASX: WR1) share price lifted 11.7% to an 18-month high of 67 cents.

Hot Chili Ltd (ASX: HCH) shares soared 9.2% to a 52-week high of $1.89.

Among ASX All Ords copper shares, Capstone Copper Corp CDI (ASX: CSC) soared 8.8% to a record $16.27 per share.

The Develop Global Ltd (ASX: DVP) share price rose 5.8% to a four-year high of $5.67.

What about ASX All Ords shares from other sectors?

ASX All Ords retail stock Nick Scali Limited (ASX: NCK) ascended 1.9% to a record $26.08 per share.

Engineering services company Monadelphous Group Ltd (ASX: MND) lifted 3.6% to a record $30.98.

Testing and inspection services provider ALS Ltd (ASX: ALQ) rose 1.4% to a record $24.41.

The post ASX All Ords shares smashing 52-week highs today appeared first on The Motley Fool Australia.

Shares in the market's largest pure-play lithium producer, PLS Group Ltd (ASX: PLS) lifted 1.2% to a new 52-week high of $4.89 today.

The IGO Ltd (ASX: IGO) share price rose 2.1% to a 52-week high of $8.95.

Liontown Resources Ltd (ASX: LTR) shares lifted 3.5% to a 52-week high of $2.10.

The Core Lithium Ltd (ASX: CXO) share price rocketed 24% to a two-year high of 36 cents.

Lake Resources NL (ASX: LKE) shares rose 14.3% to a 52-week high of 16 cents.

Elevra Lithium Ltd (ASX: ELV) shares increased 1.9% to a 52-week high of $9.

Galan Lithium Ltd (ASX: GLN) shares rose 5.5% to a 52-week high of 38 cents.

The Delta Lithium Ltd (ASX: DLI) share price lifted 8.5% to a 52-week high of 25.5 cents.

Wildcat Resources Ltd (ASX: WC8) shares rose 10.3% to a 52-week high of 43 cents.

Pmet Resources CDI (ASX: PMT) shares rose 11.3% to a 52-week high of 69 cents.

The Winsome Resources Ltd (ASX: WR1) share price lifted 9.8% to a 52-week high of 56 cents.

Midas Minerals Ltd (ASX: MM1) shares rose 10% to a 52-week high of 66 cents.

Lithium prices have been steadily lifting since mid-2025 and leapt higher overnight.

Let's find out why.

Why are lithium prices rising again?

Trading Economics analysts say lithium prices are on the mend due to higher demand and lower supply worldwide.

The lithium carbonate price rose 3.75% overnight to a 19-month high of US$19,793 per tonne.

The Spodumene Concentrate Index (CIF China) Price lifted 1.69% to US$1,800 per tonne.

The Battery-Grade Lithium Hydroxide price rose 3.6% to US$16,213.76 per tonne.

There is greater demand globally for batteries and power infrastructure amid the green energy transition.

Additionally, sales of electric vehicles (EVs) in China are rising, with EVs outselling traditional cars for the first time last October.

Trading Economics reports that 'new energy vehicles' in China rose 20.6% annually to a record of 1.823 million units in November.

China has pledged to double EV charging capacity to 180 gigawatts by 2027.

Amid higher demand for lithium, China is also seeking to stabilise lithium prices by implementing measures to avoid over-capacity.

Analysts at Trading Economics said:

The Bureau of Natural Resources of Yichun, which includes the lithium mining hub in the Chinese Jiangxi province, stated it would cancel 27 mining permits early next year.

The move was consistent with the earlier suspension of activity in CATL's Jianxiawo lithium mine as the Chinese government aims to reduce capacity in many goods industries to prevent the ongoing race-to-the-bottom that has stirred deflationary pressures.

The post 12 ASX lithium shares rip to 52-week highs 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 charging higher:

BWP Trust (ASX: BWP)

The BWP Trust share price is up 3% to $3.55. Investors have been buying this Bunnings Warehouse-focused property company's shares this week following the release of its half-year results. BWP posted a 22% increase in revenue to $100.6 million and a 15% lift in profit before fair value movements to $66.1 million. This went down well with analysts at Citi, which upgraded the company's shares to a neutral rating from a sell rating with a $3.40 price target. It is feeling more positive about the company's outlook.

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price is up 1.5% to $10.08. This follows the release of the fund manager's latest funds under management (FUM) update this morning. Magellan revealed that both retail and institutional flows were flat for the month of January. This is an improvement from many months of funds outflows during the past year. At the end of January, Magellan's FUM was $39.1 billion, which is up from $38.6 billion at the end of December.

News Corporation (ASX: NWS)

The News Corporation share price is up 5% to $55.99. The catalyst for this has been the release of a strong quarterly update from the media giant this morning. News Corp reported a 5% year-over-year increase in revenue to US$2.24 billion. This was driven by strong performances from its Digital Real Estate Services, Book Publishing, and Dow Jones segments. Things were even better for its earnings, with net income from continuing operations jumping 58% to US$306 million. News Corp's chief executive, Robert Thomson, said: "The three pillars of growth—Digital Real Estate, Dow Jones and Book Publishing—continued to expand Segment EBITDA robustly. We also saw the positive impact of rigorous cost discipline and digital development in the News Media segment, and our overall margin rose meaningfully compared to the prior year."

Winsome Resources Ltd (ASX: WR1)

The Winsome Resources share price is up 2.5% to 45.5 cents. Investors have been buying this lithium explorer's shares following the announcement of a new discovery. According to the release, the company has discovered a high-grade spodumene-bearing pegmatite at the Sirmac-Clapier Project in Canada. Importantly, it contains very high grade cesium mineralisation in addition to lithium mineralisation. Managing director, Adam Ritchie, commented: "There has been limited work at Sirmac-Clapier to date due to our significant drilling efforts at our flagship Adina Lithium Project, so it is great to make this find the first time we get our boots on the ground."

The post Why BWP, Magellan, News Corp, and Winsome shares are pushing higher today appeared first on The Motley Fool Australia.

Let's see what these lithium stocks have just reported and how investors are responding to the news. Here's what you need to know:

Loyal Lithium Ltd (ASX: LLI)

The Loyal Lithium share price was up 2% on low volumes before giving back its gains.

This morning, the micro-cap ASX lithium share announced its strategic plan for 2025. The company advised that North America remains its primary focus, with a plan to capitalise on President Trump's Executive Order declaring a national energy emergency, addressing the need for a reliable and dynamic energy grid.

Loyal Lithium's managing director, Adam Ritchie, commented:

In this evolving political and economic landscape, we see a remarkable opportunity emerging in North America. Loyal Lithium is uniquely positioned to capitalise on this moment and broaden our business, thanks to our newly strengthened board, key partnerships, and a deep understanding of the North American market.

With a strong treasury and an impressive hard rock lithium portfolio, we are well-prepared to seize this North American ground-to-grid opportunity within a once-in-a-lifetime energy transition.

Winsome Resources Ltd (ASX: WR1)

The Winsome Resources share price was up as much as 10.5% to 49.2 cents before easing back a touch.

The catalyst for this was the announcement of a new, outcropping, high-grade spodumene-bearing pegmatite discovery at Winsome's Sirmac-Clapier Project in the Eeyou Istchee James Bay region of Quebec, Canada. Importantly, the outcrop contains very high grade cesium mineralisation in addition to lithium mineralisation

The Sirmac-Clapier Project is located 30km from provincial road infrastructure and 40km from the Moblan Lithium Deposit owned by Sayona Mining Ltd (ASX: SYA).

The ASX lithium share's managing director, Adam Ritchie, commented:

New discoveries are always exciting at any stage of a company's development and this is no exception. We were confident of identifying new targets last field season with our focus on systematic, early stage exploration across the Company's portfolio.

There has been limited work at Sirmac-Clapier to date due to our significant drilling efforts at our flagship Adina Lithium Project, so it is great to make this find the first time we get our boots on the ground. While our focus remains on developing Adina and utilising the unique opportunity we have at Renard I look forward to further prospects being identified and evaluated after we receive all the pending assays and thoroughly review the results.

The post 2 ASX lithium shares racing higher on big news 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:

Bapcor Ltd (ASX: BAP)

The Bapcor share price is down 2.5% to $4.87. This morning, this auto parts retailer announced that it has successfully refinanced $200 million of debt facilities that were due to mature in July 2025. Bapcor has increased this debt facility by $100 million to a total of $300 million split into tenors maturing in July 2028 and July 2029. Investors may be concerned that this could be a sign that Bapcor isn't interested in being taken private. Last week, it received an unsolicited, indicative, conditional and non-binding proposal from Bain Capital for $5.40 cash per share.

Chalice Mining Ltd (ASX: CHN)

The Chalice Mining share price is down over 4% to $1.28. This may have been driven by a broker note out of UBS this morning. According to the note, the broker has downgraded the mineral exploration company's shares to a neutral rating (from buy) with a $1.50 price target. In addition, as we covered here earlier, short sellers continue to successfully target the company. A total of 9.6% of Chalice Mining's shares are held short at present.

Integral Diagnostics Ltd (ASX: IDX)

The Integral Diagnostics share price is down 4% to $2.44. This follows news that the diagnostic imaging company has made an offer to merge with rival Capitol Health Ltd (ASX: CAJ). Given that it is an all-scrip deal, it seems that some investors don't believe that Integral Diagnostics shareholders are getting a good deal. Capitol Health shares are up 15% on the news.

Winsome Resources Ltd (ASX: WR1)

The Winsome Resources share price is down 14.5% to 82.5 cents. This has been driven by the completion of the lithium developer's equity raising. Firm commitments have been received to raise a total of $25 million. This comprises $13.2 million at $1.275 per new share via Canadian flow through financing and a share placement of $11.8 million at a discount of 85 cents per share. The funds will be used to advance key project initiatives. This includes the Adina Lithium and Renard project studies, which are on track for completion in the third quarter of 2024, and exploration and resource growth drilling to expand the current mineral resource estimate of 77.9Mt @ 1.15%.

The post Why Bapcor, Chalice Mining, Integral Diagnostics, and Winsome Resources shares are dropping appeared first on The Motley Fool Australia.

The ASX lithium stock has returned from a trading halt this morning and crashed deep into the red.

At the time of writing, the lithium developer's shares are down 16% to 81.5 cents.

Why is this ASX lithium stock crashing?

The catalyst for this weakness has been the completion of the company's equity raising this morning.

According to the release, firm commitments have been received for a $25 million equity raise at a weighted average price of approximately $1.00 per share.

Winsome Resources notes that it is taking advantage of Canadian flow through provisions with this equity raising before rules change next week. This essentially allows an exploration company to raise funds at a higher price thanks to favourable tax credits.

So much so, the ASX lithium stock was able to raise $13.2 million at $1.275 per new share. This represents a sizeable 32% premium to Winsome Resources' last traded price.

However, there are some shares changing hands for a big discount. A share placement has been undertaken alongside the Canadian flow through financing to raise a further $11.8 million at a discount of 85 cents per share.

Why is it raising funds?

Management notes that the funds will be used to advance key project initiatives.

This includes the Adina Lithium and Renard project studies, which are on track for completion in the third quarter of 2024, and exploration and resource growth drilling to expand the current mineral resource estimate of 77.9Mt @ 1.15%.

It also notes that the equity raising means that the ASX lithium stock is in a strong financial position to continue its transition from lithium explorer to project developer.

Winsome Resources' managing director, Chris Evans, said:

Winsome Resources is firmly committed to developing the Adina Lithium Project and is pleased to see the high level of interest from high conviction investors who believe in Winsome's vision of integrating into the North American EV supply chain.

The flow through financing provisions under Canadian tax law mean we are again able to raise funds at a significant premium to the current share price and therefore at a lower cost of capital. The additional funds put Winsome in an enviable position, with one of the largest and growing lithium deposits in North America, an exclusive option to acquire the billion-dollar Renard operation and associated infrastructure and a clearly defined pathway to production.

Following today's decline, this ASX lithium stock is down more than 50% over the last 12 months.

The post Why is this ASX lithium stock crashing 16% today? appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are falling:

Playside Studios Ltd (ASX: PLY)

The Playside Studios share price is up 5.5% to 95 cents. Investors have been buying this game developer's shares after it upgraded its guidance for FY 2024. Playside Studios now expects revenue of $63 million to $65 million and EBITDA of $16 million to $18 million. The company's earnings guidance upgrade represents a 42% increase on the midpoint of its previous guidance of $11 million to $13 million and is a huge jump from a $1.7 million loss in FY 2023.

Pro Medicus Limited (ASX: PME)

The Pro Medicus share price is up over 2% to $115.77. This morning, this health imaging company announced five new contracts with a combined minimum contract value of $45 million. Management advised that the contracts will be fully cloud deployed and are expected to be completed within the next 6 months. The good news is that there could be more contract wins on the way. CEO, Dr Sam Hupert, said: "Despite record new contract signings this year, our pipeline remains strong with a broad range of opportunities both in terms of size and market segments."

Strike Energy Ltd (ASX: STX)

The Strike Energy share price is up 8% to 22.2 cents. This follows news that the Walyering gas field development has reached payback (inclusive of royalties and production costs) only eight months after start-up. Management believes this demonstrates the value of Strike Energy's high margin, low-cost conventional Perth Basin Jurassic portfolio. Total gross income received to date from the Walyering project is approximately $47 million. The company highlights that this "payback profile would be one of the fastest in recent history for a greenfield Australian oil and gas project and demonstrates the inherent value of Strike's conventional gas play in the Jurassic aged Sandstones within the Cattamarra Coal Measures."

Winsome Resources Ltd (ASX: WR1)

The Winsome Resources share price is up over 4% to $1.29. Investors have been buying this lithium explorer's shares following the release of a mineral resource estimate update for its flagship Adina Lithium Project in Canada. According to the release, the mineral resource has increased 33% to 77.9Mt at 1.15% Li2O. Management notes that this confirms Adina's positioning as one of the largest undeveloped lithium deposits in the world.

The post Why Playside Studios, Pro Medicus, Strike Energy, and Winsome shares are charging higher appeared first on The Motley Fool Australia.

Here's why these four shares are underperforming the market and dropping into the red this morning:

29Metals Ltd (ASX: 29M)

The first ASX mining share that has taken a tumble today is 29Metals. Its shares are down over 5% to 44.5 cents.

This morning, the copper miner released its quarterly update and posted an 11.5% increase in copper production but a 77.3% decline in zinc production. Also heading in the wrong direction were its C1 costs, which increased 32% quarter on quarter to US$4.05 per pound of copper sold.

This reflects production disruption at the Capricorn Copper operation following heavy rainfall. This operation is now being suspended.

Chrysos Corporation Ltd (ASX: C79)

Another ASX mining solutions share falling on Tuesday is Chrysos Corporation. It is an assay services provider to the global mining industry through its PhotonAssay technology.

Chrysos shares are down 2% to $6.72 at the time of writing.

This morning, it released its quarterly update and reported revenue of $12.9 million for the three months. This represents a 28% quarter on quarter increase and a 96% year on year.

The main disappointment appears to have come from management's guidance for FY 2024. It expects to report revenue of $45 million and EBITDA of $8.5 million. The former is short of its original guidance range of $48 million to $58 million and the latter is at the bottom end of its guidance range of $7 million to $17 million.

De Grey Mining Limited (ASX: DEG)

The De Grey Mining share price is down 5% to $1.26 this morning.

This ASX gold mining share appears to have been dragged lower largely by a sharp decline in the gold price overnight.

In other news, the gold developer released its quarterly activities report after the market close on Monday. It ended the period with cash of $319 million and no debt.

De Grey also confirmed that it continues to target first gold production in the second half of 2026, subject to receipt of regulatory approvals.

In other news, there is speculation that Gold Road Resources Ltd (ASX: GOR) could sell its stake in De Grey Mining to fund a major acquisition.

Winsome Resources Ltd (ASX: WR1)

A third ASX mining share under pressure on Tuesday is Winsome Resources. Its shares are currently down 2.5% to $1.26.

And while the lithium explorer released its quarterly update today, this decline appears to be largely down to broad weakness in the lithium industry.

After all, as Winsome is still in the exploration stage, its update didn't contain anything unexpected.

The post 4 ASX mining shares being hammered on quarterly updates appeared first on The Motley Fool Australia.

In afternoon trade, the small-cap ASX mining stock is up 16% to $1.46.

Why is this small-cap ASX mining stock rocketing?

Investors have been fighting to get hold of the lithium explorer's shares today following the release of exploration drilling results. These are from the 100%-owned Adina Lithium Project in the Eeyou Istchee James Bay region of Quebec, Canada.

According to the release, recent exploration drilling has discovered a new high grade lithium zone 200m southwest of the current Adina Lithium Resource.

The company revealed that results from AD-24-170, drilled to the south-west of Adina Main, have returned an "outstanding" result of 61.5m at 1.62% Li2O. This includes 24.0m at 2.82% Li2O.

Further drilling is now underway around AD-24-170 to explore the scale and orientation of this new pegmatite zone at Adina.

In addition, resource delineation drilling is continuing to provide excellent results in the central portion of the Adina Deposit at the project.

Work is also progressing on an update to the mineral resource estimate (MRE) for Adina, which currently sits at 59Mt at 1.12% Li2O, classified in the inferred category. Its next update is expected to include material in the higher confidence indicated category due to the closer spacing of drill data now available.

Furthermore, the small-cap ASX mining stock advised that the updated MRE will be used in initial project studies for Adina, which will now consider operating scenarios both with and without the repurposing of the Renard Project and associated infrastructure for lithium concentrate production.

'Globally significant'

Winsome's managing director, Chris Evans, was pleased with the discovery. He said:

The discovery of a new zone of high-grade mineralisation 200m outside the current 59Mt Resource at Adina continues to open up the potential scale of Winsome's globally significant lithium deposit in Quebec. In addition, we are also progressing work on an update to the Mineral Resource at Adina this Quarter which will feed directly into our project studies for Adina, including the evaluation of the new Renard processing and infrastructure opportunity. Furthermore, results from infill resource delineation drilling continue to confirm and verify previous drilling results at Adina Main including the presence of thick, high grade, near surface lithium mineralisation.

This small-cap ASX mining stock is now up almost 60% since this time last month.

The post Guess which small-cap ASX mining stock is rocketing 16% on 'outstanding' discovery appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market's lead today are listed below. Here's why they are dropping:

IGO Ltd (ASX: IGO)

The IGO share price is down almost 3% to $7.49. As well as ongoing weakness in the lithium industry, this battery materials miner released an announcement this morning. It revealed that its review of the Cosmos Project hasn't delivered good results. As a result, IGO advised that it is likely to record a further impairment against the Cosmos assets with its half-year results.

Newmont Corporation (ASX: NEM)

The Newmont share price is down almost 3% to $57.48. Investors have been selling gold miners after the release of US inflation data. Although the inflation report was in line with expectations, it needed to come in lower to support interest rate cut bets.

Weebit Nano Ltd (ASX: WBT)

The Weebit Nano share price is down 5% to $3.59. This is despite there being no news out of the semiconductor company. However, it is worth noting that short sellers have been loading up on its shares recently. This has led to its short interest hitting 8.2% this week. Short sellers don't appear to believe that Weebit Nano is going to generate meaningful revenue in the near future.

Winsome Resources Ltd (ASX: WR1)

The Winsome Resources share price is down a further 11% to 86.5 cents. Investors have been hitting the sell button this week despite the release of the maiden inferred mineral resource estimate (MRE) for the Adina Lithium Project in Canada. Either investors were disappointed with the MRE or were buying the rumour and selling the news.

The post Why IGO, Newmont, Weebit Nano, and Winsome Resources shares are tumbling today appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Deep Yellow Limited (ASX: DYL)

The Deep Yellow share price is down 4% to 96.2 cents. This follows the release of a definitive feasibility study (DFS) update this morning for its Tumas uranium project. While the base case assumptions now include a meaningfully higher uranium price and higher net present value, the market appears to believe that a major capital raising will be required to fund the $530.1 million capital costs.

Resolute Mining Ltd (ASX: RSG)

The Resolute Mining share price is down 2% to 42.2 cents. Investors have been selling Resolute and other ASX gold shares today following a pullback in the gold price overnight. A reduction to interest rate cut bets dragged the precious metal below the US$2,000 an ounce mark again.

WA1 Resources Ltd (ASX: WA1)

The WA1 share price is down 8% to $7.33. Investors have been selling this mineral exploration company's shares since the release of a drilling update on Monday. While assays from the central zone demonstrate continuity of the shallow high-grade blanket of niobium mineralisation between the western and eastern zones at its Luni carbonatite, it appears that some investors were expecting stronger results.

Winsome Resources Ltd (ASX: WR1)

The Winsome Resources share price is down 8% to 96.5 cents. This may be due to weakness in the lithium industry today. Though, in other news, on Monday the lithium explorer released the maiden inferred mineral resource estimate (MRE) for the Adina Lithium Project in Canada. It is 59Mt at 1.12% Li2O across two adjacent large spodumene-bearing pegmatite zones. It's possible that some investors were betting on a bigger MRE.

The post Why Deep Yellow, Resolute, WA1, and Winsome shares are falling 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 3% to $1.53. Investors have been buying Beach and other ASX energy shares today after oil prices pushed higher on Friday. This has seen the S&P/ASX 200 Energy index rise 1% this afternoon.

Pact Group Holdings Ltd (ASX: PGH)

The Pact Group share price is up almost 23% to 84 cents. This follows news that the packaging company has received an improved takeover offer from Bennamon Industries. According to the release, Bennamon Industries has bumped its offer from $0.68 cash per share to $0.84 cash per share.

Smartgroup Corporation Ltd (ASX: SIQ)

The Smartgroup share price is up 8.5% to $9.05. This morning, this salary packaging and fleet management company announced a major contract win. According to the release, the company has been appointed as the South Australian Government's exclusive administrator of salary packaging services and novated leasing services. The contract commences on 1 July 2024 and services will be made available to approximately 110,000 South Australian Government employees.

Winsome Resources Ltd (ASX: WR1)

The Winsome Resources share price is up 6% to $1.11. This follows the release of the mineral resource estimate (MRE) for this lithium explorer's operation in Canada. According to the update, the maiden inferred MRE at the Adina Lithium Project is 59Mt at 1.12% Li2O across two adjacent large spodumene-bearing pegmatite zones. Management won't be stopping there, though. It has five drill rigs now operating with over 25,000 metres of additional infill and extensional drilling awaiting assay. It is targeting a MRE upgrade in the first half of 2024.

The post Why Beach Energy, Pact Group, Smartgroup, and Winsome Resources shares are rising appeared first on The Motley Fool Australia.

In early trade, the ASX lithium stock is up 19% to $1.25.

Why is this ASX lithium stock jumping?

Investors have been fighting to get hold of the lithium explorer's shares this morning after it released its maiden mineral resource estimate (MRE) for its 100%-owned Adina Lithium Project in the James Bay region of Quebec, Canada.

According to the release, the maiden inferred MRE at Adina is 59Mt at 1.12% Li2O across two adjacent large spodumene-bearing pegmatite zones with potential to be developed as one large mining operation.

However, the MRE may not stop there. It is currently based on 27,600 metres of drilling at an approximate spacing of 100 metre x 100 metre. The ASX lithium stock has five drill rigs now operating with over 25,000 metres of additional infill and extensional drilling awaiting assay, targeting a MRE upgrade in the first half of 2024.

It also highlights that it is well-funded to undertake over 50,000 metres of infill and step out drilling in 2024 at Adina.

'An historic moment'

The ASX lithium stock's managing director, Chris Evans, was very pleased with the news. He said:

Today's announcement of our maiden MRE marks a significant milestone for the Adina Lithium Project and is an historic moment for Winsome Resources. Just over a year ago, our first sampling expedition began at Adina, and it is a remarkable achievement by our exploration team to have since declared one of the largest hard rock MREs in North America.

We are excited at the prospect of updating this resource again in the first half of 2024, with assays to be received from over 25,000m of drilling to be completed prior to year-end. Winsome is one of very few lithium developers around the world with a large high-quality resource in a Tier 1 mining jurisdiction, which can integrate directly into the North American electric vehicle supply chain.

The post This ASX lithium stock is rocketing 19% on 'historic moment' appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market's lead today are listed below. Here's why they are falling:

Azure Minerals Ltd (ASX: AZS)

The Azure Minerals share price is down 12% to $2.10. Investors have been selling this lithium explorer's shares following the release of testwork results from the 60% owned Andover project. The release reveals that whole-of-ore flotation produces marketable spodumene concentrate with a grade of 5.59% Li2O at a recovery of 82.37%. While this is promising, it is worth highlighting that the testwork is from only one of three samples.

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price is down a further 5% to $6.81. Investors have been selling this fund manager's shares since it released a disappointing monthly funds under management (FUM) update. Magellan's total FUM fell 10% from $39 billion to $35 billion over the course of September.

Weebit Nano Ltd (ASX: WBT)

The Weebit Nano share price is down almost 9% to $2.85. This semiconductor company's shares have come under significant pressure in recent weeks and are now down by almost a third since this time last month. Short sellers have been going after the meme stock on the belief it could be another Brainchip Holdings Ltd (ASX: BRN) – all hype and no substance.

Winsome Resources Ltd (ASX: WR1)

The Winsome share price is down 12% to $1.20. This morning, this Canada-based lithium exploration company announced the completion of a $34 million equity raising. While these funds were raised at a significant premium to the prevailing share price, this was thanks to tax regulations in Canada. The shares have then been sold by a secondary sale at a discount of $1.22 per share.

The post Why Azure Minerals, Magellan, Weebit Nano, and Winsome shares are tumbling today appeared first on The Motley Fool Australia.

To put that into some context, the All Ordinaries Index (ASX: XAO) is up 4% in a year.

In a better comparison of like for like, the S&P/ASX 300 Metals & Mining Index (ASX: XMM) has gained 14% over this period.

So, which three ASX mining shares are leaving those gains well and truly in the dust?

Three ASX mining shares I wish I'd bought last year!

I don't own any of these Aussie miners. But I sure wish I'd bought some of their stock a year ago!

The 'laggard' of the pack is Winsome Resources Ltd (ASX: WR1), posting a 532% gain over the last 12 months.

Investors began really bidding up the ASX lithium share in November on the back of a series of promising announcements. Those enticing announcements have continued apace this year.

On 13 June, Winsome reported "further strong intersections of lithium mineralisation" from the Main Zone at its Adina project in Quebec, Canada. Investors reacted by once again bidding up the stock.

The second ASX mining share I wish I'd bought last year is Azure Minerals Ltd (ASX: AZS), which is up 874% in 12 months.

Like Winsome, Azure has been stoking investor interest with some successful lithium exploration drilling programs.

The stock really began to rocket in June. And it's maintained its momentum. On 14 July, Azure reported that assays at its joint venture Western Australian Andover Project confirmed two more "very broad intersections" of lithium mineralisation.

The company noted:

In conjunction with the strongly mineralised intersections previously reported, the new results continue to define strong continuity of broad widths of high-grade lithium mineralisation.

Which brings us to the third ASX mining share I'd like to have added to my portfolio a year ago, the aptly named Meteoric Resources NL (ASX: MEI), up an eye-popping 2,120% in 12 months.

The Meteoric share price really began to lift off in December. That's when the miner reported it had acquired the Caldeira Project, a potential "world-class" ionic clay rare earth element project located in Brazil.

And the ASX mining share has continued to impress in 2023 with a series of positive announcements.

Atop its rare earths ambitions, Meteoric has been spurring investor interest with promising gold exploration results at its Palm Springs Gold Project, located in Western Australia.

The post 3 ASX mining shares up 500% to 2,000% in a year appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market's lead are listed below. Here's why they are falling:

Austal Ltd (ASX: ASB)

The Austal share price is down almost 12% to $2.27. This morning, this shipbuilder downgraded its earnings guidance for FY 2023. It now expects its earnings before interest and tax to be breakeven to negative $10 million. This compares to its previous guidance for a profit of $58 million. Austal's US Towing, Salvage and Rescue Ship (T-ATS) program has been facing issues

Develop Global Ltd (ASX: DVP)

The Develop Global share price is down 3% to $3.23. This follows the release of the underground mining services and energy transition metals company's quarterly update. That update reveals that the company has advised Liontown Resources Ltd (ASX: LTR) that it has decided not to participate in the second-round tender for the underground contract at Kathleen Valley.

Grange Resources Limited (ASX: GRR)

The Grange Resources share price is down 3.5% to 56 cents. This morning, this iron ore pellet producer released its quarterly update. Grange revealed a sharp drop in both sales volumes and average realised prices compared to the previous quarter.

Winsome Resources Ltd (ASX: WR1)

The Winsome share price is down 4% to $1.63. Investors have been selling this lithium explorer's shares following the release of its quarterly update. Winsome has been having a difficult time recently due to wildfires in Canada. Today it advised that exploration activities are expected to recommence early in August post-damage assessment.

The post Why Austal, Develop Global, Grange, and Winsome shares are falling today appeared first on The Motley Fool Australia.

In afternoon trade, the lithium explorer's shares are up 6% to $1.92.

This means that its shares are now up over 850% since this time last year, as you can see below.

Why is the Winsome Resources share price rocketing?

Investors have been bidding the company's shares higher over the last 12 months thanks partly to excitement around the Adina project in Quebec, Canada.

This project is showing considerable promise. For example, Winsome Resources recently released further results from the Main Zone and the newly identified Footwall Zone at Adina.

The company's managing director, Chris Evans, was very pleased with the results. He said:

It is a pleasure to update shareholders with another drilling update containing further strong intersections of lithium mineralisation from the Main Zone at Adina as well as the recently discovered Footwall Zone. These results define high grades and good thicknesses of mineralisation within both zones which we are feeding into the mineralisation model for Adina as part of the early work for our maiden Mineral Resource Estimate later in 2023.

Evans also highlights that the results indicate that there could be more lithium hiding below. He adds:

It also opens the potential that there could be multiple parallel zones below the main bodies. The fires in Quebec have meant a temporary suspension in drilling however this offers the opportunity to plan the MRE infill drilling in detail for the remainder of the year. We continue to prioritise the safety of our team as we monitor the situation on the ground in Quebec.

All in all, these are exciting times for the company, so it isn't surprising to see the Winsome Resources share price recording such strong gains of late.

The post Why has the Winsome Resources share price rocketed 850% in a year? appeared first on The Motley Fool Australia.

The ASX lithium explorer closed yesterday trading for $1.45 per share. Shares are currently trading for $1.405 apiece.

The stock is taking a tumble despite the company reporting positive lithium exploration results.

That looks to be partly due to a broader market sell-down today, following the latest overnight interest rate increase from the US Fed.

ASX lithium shares are widely underperforming today, possibly on news of fast-falling lithium prices in China, the world's top EV producer.

What did the ASX lithium share report?

The Winsome Resources share price isn't getting a boost despite the company announcing it had intersected further high-grade lithium zones at its 100%-owned Adina project in Quebec, Canada.

The assays included several intersections in excess of 50 metres and above grades of 1% Li2O.

The ASX lithium share reported that one exceptionally high-grade zone returned 2.40% Li2O over 9.0 metres from 49.0 metres, while another returned 2.82% Li2O over 6.0 metres from 84.0 metres.

Commenting on the results, Winsome Resources managing director Chris Evans said:

Results from drilling are demonstrating that Adina is a robust lithium project well placed for development to supply future North American demand. We have intersected mineralisation on every drill section over a 700-metre strike length. More importantly the consistency of grade and width through the core of the deposit is very encouraging.

Assays have now been received from 21 out of the 38 drill holes completed to date.

Winsome is deploying a third drill rig to Adina in the coming weeks.

Winsome Resources share price snapshot

The past month has been a rough one for Winsome Resources, with the company's shares down 30%.

Still, as you can see on the chart below, the ASX lithium share has been a winner for longer-term shareholders, up 204% over the past 12 months.

The post ASX lithium share Winsome Resources drops despite high grade results. Here's why appeared first on The Motley Fool Australia.

Each of these companies has seen their share prices soar since this time last year, with one posting a whopping 486% gain.

So, which miners have provided such enviable returns? Let's take a look.

4 ASX mining shares posting 150%+ gains in the last 12 months

The share price of lithium hopeful Winsome Resources Ltd (ASX: WR1) has been on a roll over the last 12 months, leaping 486% in that time to trade at $2.17.

The company is exploring and developing its four Canadian projects, Cancet, Adina, Sirmac-Clappier, and Decelles. Its stock has been bolstered by plenty of positive assay results in recent months.

Joining its ASX mining peer in the long-term green is rare eaths share Arafura Rare Earths Ltd (ASX: ARU). It's gained 171% over the last 12 months to trade at 55.5 cents today.

It's progressing with its Nolans Project, located in the Northern Territory. Hyundai and Kia signed offtake agreements for the project's future production late last year.

From new energy commodities to old ones, coal miner Stanmore Resources Ltd (ASX: SMR) has seen its share price rocket around 200% since this time last year to trade at $3.66 today.

The stock has been bolstered by surging coal prices. The company also snapped up BHP Group Ltd (ASX: BHP)'s metallurgical coal joint venture, closing on an 80% stake around this time last year and acquiring the remaining 20% in October.

Finally, the Latin Resources Ltd (ASX: LRS) share price has surged 180% over the last 12 months. It's trading at 11.5 cents today.

The ASX mining company is another lithium hopeful. But more than that, it's also behind a number of projects exploring other critical metals.

Much of the stock's gains over the last 12 months have come amid news of its Salinas Lithium Project.

The post 4 ASX mining shares that have soared over 150% in a year appeared first on The Motley Fool Australia.

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

BHP Group Ltd (ASX: BHP)

The BHP share price is up 3.5% to $47.85. Investors have been buying this mining giant's shares after commodity prices rose overnight. The driver of this was the release of very strong economic data out of China, which has sparked hopes that demand could increase majorly.

Dicker Data Ltd (ASX: DDR)

The Dicker Data share price is up 1.5% to $8.44. Earlier this week, the computer software and hardware distributor revealed that three of its directors have been loading up on shares through on-market trades. With Dicker Data's shares falling to a 52-week low on Monday, these directors appear to have seen a buying opportunity.

South32 Ltd (ASX: S32)

The South32 share price is up 5% to $4.69. As with BHP, this is likely to have been driven by a strong night of trade for base metals. As covered here, the copper futures price rose 1.7% and the aluminium futures price climbed 2.3% after data from China showed that manufacturing activity rose at the fastest pace in more than a decade in February.

Winsome Resources Ltd (ASX: WR1)

The Winsome Resources share price is jumping 15% to $2.37. This is despite there being no news out of the lithium explorer. However, investors appear excited by Winesome Resources' 100%-owned Adina project in Quebec, Canada. It recently released drilling results that "confirm the high-grade nature of the lithium mineralisation at the Adina Main Zone."

The post Why BHP, Dicker Data, South32, and Winsome Resources are pushing higher appeared first on The Motley Fool Australia.