3 ASX mining shares that turned a $10,000 investment into $500,000

If you need a reminder of the power of investing, you've come to the right place.

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So far, this year has been rough for many of the market's favourite ASX mining shares. But looking to the longer term, the materials sector has been a strong performer.

Despite posting a 7% year-to-date fall, the S&P/ASX 200 Materials Index (ASX: XMJ) has gained around 50% over the last 10 years. Meanwhile, some ASX mining shares have posted gains that dwarf the index's performance.

Indeed, an investor who bought these three ASX mining shares in October 2012 would be laughing all the way to the bank today.

Keep reading to discover which ASX mining shares have turned $10,000 into more than $500,000 over the last decade.

3 ASX mining shares that turned $10,000 into $500,000

If you ever needed a reminder of the power of investing, you've come to the right place.

ASX mining companyGains over the
last decade
Recent value of
$3,333 invested
Chalice Mining Ltd (ASX: CHN)2,606%$85,482
AVZ Minerals Ltd (ASX: AVZ)7,700%$259,974
Liontown Resources Ltd (ASX: LTR)4,550%$154,984

It's been a good 10 years for these ASX mining shares – and anyone who invested in them in 2012.

A $10,000 investment spread across the three stocks back then would have been worth $500,440 at Friday's close.

The biggest gains of the last decade came from AVZ Minerals. Interestingly, the company hasn't traded since May amid an ownership dispute over the Manono Lithium Project.

However, before the stock was frozen it was trading at 78 cents – up from around 1 cent this time 10 years ago. Back then the company was known as Avonlea Minerals. It was renamed AVZ Minerals in December 2012.

The Liontown share price was the next best performer. Stock in the lithium favourite lifted from 4 cents in October 2012 to $1.86 as of Friday afternoon.

Finally, the Chalice Mining share price has lifted from around 17 cents this time last decade to its previous close of $4.36.

The key takeaway

While volatility has reigned supreme this year, there are likely plenty of winners still to be found among ASX mining shares.

Indeed, the ASX has ultimately gained over the years, despite plenty of short-lived downturns such as that experienced in 2022.

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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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