5 ASX mining shares that have more than doubled in value in just a year

These supercharged ASX mining shares operate in lithium, copper, rare earths, and bauxite.

Happy miner with his arms folded.

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

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.

Motley Fool contributor Bronwyn Allen 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 Resources Shares

Female worker sitting desk with head in hand and looking fed up
Resources Shares

What does the $100 billion blow for mining exports mean for these ASX 200 stocks?

Are these mining shares worth snapping up at a discount?

Read more »

a female miner looks straight ahead at the camera wearing a hard hat, protective goggles and a high visibility vest standing in from of a mine site and looking seriously with direct eye contact.
Resources Shares

Could Rio Tinto shares be a gold mine in 2025?

Let’s unearth whether this ASX mining share is an opportunity.

Read more »

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

BHP shares rise amid positive class action news

Here’s the latest from BHP on its huge legal case.

Read more »

A female employee in a hard hat and overalls with high visibility stripes sits at the wheel of a large mining vehicle with mining equipment in the background.
Resources Shares

The under-the-radar metal trading at record prices (and 4 ASX mining shares exposed to it)

Which ASX miners have exposure to this soaring, under-the-radar metal?

Read more »

Miner looking at a tablet.
Resources Shares

Why is the Mineral Resources share price racing ahead of the benchmark on Wednesday?

Here’s what’s happening.

Read more »

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

Should you buy the 28% dip on Newmont shares?

Is this sell-off a golden opportunity?

Read more »

Three miners wearing hard hats and high vis vests take a break on site at a mine as the Fortescue share price drops in FY22
Resources Shares

3 ASX mining shares just upgraded by brokers (one with 60% upside!)

Here are 3 ASX mining shares that brokers are backing for growth in an uncertain climate.

Read more »

A man wearing a shirt, tie and hard hat sits in an office and marks dates in his diary.
Resources Shares

Is the BHP share price a buy? Here's my view

Is it time to dig into this beaten-up miner?

Read more »