Three ASX mining shares have absolutely shot the lights out over the past full year, with one posting gains north of 2,000%.
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.
