3 ASX mining stocks going gangbusters on Tuesday

These mining stocks are making investors smile today.

| More on:
Vanadium Resources share price person riding rocket indicating share price increase

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

While the market is pushing higher on Tuesday and is on course to record a solid gain, it pales in comparison to some of the gains being printed today.

For example, three ASX mining stocks that are rocketing higher today are listed below:

BBX Minerals Ltd (ASX: BBX)

The BBX Minerals share price was up as much as 27% at one stage today. This followed news that impressive results were obtained from a highly successful bioleaching pilot plant test utilising a sample from the Tres Estados project in Brazil. BBX Minerals describes itself as a unique mineral exploration and mineral processing technology company.

Forrestania Resources Ltd (ASX: FRS)

The Forrestania share price was up a massive 163% to 20 cents before being halted from trade. This rise was driven by the release of a drilling update from the ASX mining stock's flagship Forrestania project in Western Australia's southern Yilgarn region. The company's Calypso prospect is believed to be a prospective host for Lithium-Caesium-Tantalum (LCT) pegmatites. This is based on anomalous soil geochemistry, outcropping pegmatites, and pegmatite intercepts in historic drilling.

Leeuwin Metals Ltd (ASX: LM1)

The Leeuwin Metals share price was up as much as 23% to 43 cents during intraday trade. This morning, this ASX mining stock revealed that sampling of lithium drill core is underway at the Jenpeg Lithium Project in Canada, with assay results expected in 4 to 8 weeks. Management commented: "Jenpeg is an emerging lithium discovery in Manitoba, with work to date indicating that the region has the potential to host a large-scale, lithium rich pegmatite system."

Motley Fool contributor James Mickleboro 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.

More on Materials Shares

two men in hard hats and high visibility jackets look together at a laptop screen that one of the men in holding at a mine site.
Resources Shares

'I hate what I have done': Mineral Resources share price down as Ellison laments actions

Managing Director Chris Ellison says he deeply regrets the impact of his 'error of judgement'.

Read more »

A bearded man holds both arms up diagonally and points with his index fingers to the sky with a thrilled look on his face over these rising Tassal share price
Materials Shares

Why is this ASX lithium stock jumping to a 52-week high today?

This lithium stock is smashing the market this year despite all the doom and gloom in the industry.

Read more »

Projection of two hands being shaken on a deal.
Materials Shares

Sayona Mining shares sink 13% on Piedmont Lithium merger news and capital raise

This merger will create the largest lithium producer in North America.

Read more »

Miner looking at a tablet.
Materials Shares

Down 28% in 2024, why this ASX 200 lithium stock could now be 'deeply undervalued'

The ASX 200 lithium stock has drawn plenty of investor attention over the past month.

Read more »

Image from either construction, mining or the oil industry of a friendly worker.
Materials Shares

Buy BHP shares for a 20%+ return

Goldman Sachs expects big total returns from this mining giant.

Read more »

Miner looking at a tablet.
Materials Shares

Here's why ASX uranium shares are ripping higher today

Uranium shares are smashing the markets today.

Read more »

A female broker in a red jacket whispers in the ear of a man who has a surprised look on his face as she explains which two ASX 200 shares should do well in today's volatile climate
Materials Shares

2 ASX 200 lithium stocks to buy for big returns

Which stocks are analysts tipping as buys right now? Let's find out.

Read more »

Young businesswoman sitting in kitchen and working on laptop.
Materials Shares

Is Mineral Resources stock a good buy right now?

This mining share is trading close to multi-year lows. Is this a buying opportunity? Let's find out.

Read more »