Over the past 12 months, the S&P/ASX All Ordinaries Index (ASX: XAO) has gained a solid 5.7%.
That’s not bad, considering the massive headwinds of rising interest rates and inflation during this period.
But as always, there are outliers — and many of these supercharged stocks are in the resources sector.
In this article, we reveal 5 ASX mining shares that have shot the lights out over this volatile period.
The supercharged ASX mining shares of the past year
The ASX mining shares profiled below are just some of the fastest-growing stocks over the past 12 months.
Delta Lithium Ltd (ASX: DLI)
The Delta Lithium share price has risen by 111% over the past year.
Formerly known as Red Dirt Metals, the ASX lithium mining share is changing hands for 87 cents apiece at the time of writing, down 0.57% today.
Executive Chairman David Flanagan recently said the company is “drilling at a remarkable rate” and “seeing such incredible results”.
He added: “Our Mt Ida Project continues to surprise on the upside and the potential scale at the Yinnetharra Project remains huge.”
Xanadu Mines Ltd (ASX: XAM)
The Xanadu share price has gained 395% over the past year.
The ASX mining share is currently trading for 10 cents, up 6.4% today.
Xanadu is a mineral explorer with assets in Mongolia. It is among several ASX copper mining shares looking to cash in on the anticipated copper boom that’s coming amid global decarbonisation.
Xanadu shares began a material run after announcing better-than-expected results in its Kharmagtai Prefeasibility Study (PFS) infill drilling program in mid-June.
Latin Resources Ltd (ASX: LRS)
The Latin Resources share price has gained 479% over the past year.
The lithium small-cap mining share is steady today at 39.5 cents per share.
Significant progress at Latin’s flagship Salinas Lithium Project in Brazil turbocharged the miner’s valuation in recent months.
In late June, Latin Resources confirmed the discovery of a “district scale lithium corridor” at the site.
Meteoric Resources NL (ASX: MEI)
The Meteoric Resources share price has gained a staggering 2,200% over the past year.
The ASX rare earths miner is fetching 23.5 cents today, up 4.4%.
This ASX mining share really began to take off in December with the acquisition of the advanced Caldeira Project in Brazil.
In May, Meteroic Resources announced a maiden resource at Caldeira, and later reported that eight of 11 new diamond drill holes revealed a “significant depth extension of the target clay zone”.
Lindian Resources Ltd (ASX: LIN)
The Lindian Resources share price has gained 150% over the past year.
This ASX bauxite and rare earths miner is trading steady today at 42.5 cents a share.
Lindian has bauxite projects in both East and West Africa. Much of the company’s success in FY23 came from its acquisition of the “globally significant” Kangankunde Rare Earths Project in Malawi one year ago.
Since that time, Lindian has reported a series of high-grade assays that have boosted its share price.
