Who made the gains in June? Here are the top ASX resources winners

These ASX-listed resources companies had a very decent June. All 50 of them.

Attack of the Killer Sub went straight to video – even in the streaming era. Pic via Getty Images

• Gold, silver and rare earths dominate the scene for June

• Encounter’s niobium hits in West Arunta puts a fire under stock price

• MRG Metals gets US$6m in backing for mineral sands development

The winners' list is out! Check out the top 50 performing resources companies that traded on the ASX for June as we boldly step into a brand new financial year.

The swings and roundabouts of commodities have been pushing gold, silver and rare earths prices up and taking ASX small caps with them for a ride in the month of June.

The month was more subdued than May's winner's list, with just two stocks increasing in value in triple digits.

Gold’s heater continues bouncing around the US$2320 mark ($3480 AUD at time of writing), and juniors are lapping up positive investor sentiment.

The US Department of Commerce says gold is testing the top of its range at the moment but still remains capped below US$2350/oz in an initial reaction to inflation data.

August futures last traded at US$2348.60/oz which is what you’d probably call a high price ‘flat’, with little movement over the past month.

China’s gorging on a lot of the shiny lately as it looks to lead BRICS nations in decoupling from the petro-dollar installed in the '70s, which locked oil trades to USD.

The Middle Kingdom’s bullion shopping spree is continuing throughout 2024, and while official data remains to be reported, the sentiment is real that it could top 2023’s record purchase of 7.23Moz – the most, according to the World Gold Council, since 1977.

Silver is also pushing highs, having punched up near $50/oz during June due to demand in solar and other applications.

READ MORE: Breakaway BRICS on bullion binge, pushing new gold-backed currency.

For REEs, the long-term, rising demand sentiment continues to attract investors, regardless of price fluctuations.

China's pegged to produce ~84% of the world's magnetic REEs neodymium and praseodymium (NdPr), according to Benchmark Intelligence’s Rare Earths Forecast, and has a near-monopoly on processing and manufacturing them into magnets.

June's winners

MRG Metals (ASX:MRQ) was the star of the show for June after a JV announcement with a Hong Kong-based SINOWIN Lithium Cobalt (SLC) drove up its share price 4X.

SLC will pay for the development and production costs to build output up to 440,000tpa of mineral sands at its Mozambique projects, contributing US$3m up front and another US$3m to progress mining approvals and project design into construction.

That will earn SLC a handy 70% stake in the JV and once hitting the annual output target that will go up to 80%.

After the initial hike in stock price MRQ still settled 300% up for the month to trade at 4c per share.

ASX gold (and silver) hunters of note that have pushed the needle up include Titan Minerals (ASX:TTM) with its copper-gold projects in Ecuador – up almost 100% for the month on the back of growing the footprint of its Dynasty gold project.

“Titan’s dedicated exploration has rewarded us with multiple new gold and copper targets, which we are excited to soon drill test, as we aim to grow the 3.1Moz gold and 22Moz silver mineral resource,” TTM CEO Melanie Leighton said recently.

Niobium is the talk of the town at the moment as WA1 Resources (ASX:WA1) revealed a maiden 200Mt resource for its high-grade Luni discovery in WA’s West Arunta region.

The company went from a market cap of $9m to now a more than $1b company, with shares going up an astronomical 7816% in just two years.

There’s a few explorers looking to find another Luni in the region and one of them is Encounter Resources (ASX:ENR) – another one of June’s ressie winners with shares going up 100% on the back of hitting high grades of niobium, including a 52m intersection at 3% Nb205 from 81m to end of hole.

The West Arunta critical minerals district and projects. Source: Norwest Minerals.

More June winners

Taiton Resources (ASX:T88)  (REE, gold) +79%

Forrestania Resources (ASX:FRS) (lithium, nickel, gold, iron ore) +79%

Summit Minerals (ASX:SUM) (lithium, niobium) +70%

Green Critical Minerals (ASX:GCM) (graphite, copper) +67%

The top 50 ASX resources stocks for the month of June

Scroll or swipe to reveal table. Click headings to sort.

Code	Description	Last	%Mth	MktCap
MRQ	MRG Metals Limited	0.004	300%	$10,100,475
CE1	Calima Energy	0.008	131%	$5,067,488
ENR	Encounter Resources	0.74	100%	$286,275,814
TTM	Titan Minerals	0.048	92%	$79,977,935
T88	Taiton Resources	0.145	79%	$7,797,309
FRS	Forrestania Resources	0.034	79%	$5,177,144
SUM	Summit Minerals	0.34	70%	$23,028,808
GCM	Green Critical Minerals	0.005	67%	$4,546,340
SIX	Sprintex Ltd	0.05	61%	$26,049,615
LPM	Lithium Plus	0.16	60%	$21,174,400
NIM	Nimy Resources	0.064	60%	$9,452,535
TM1	Terra Metals Limited	0.072	60%	$23,070,738
FAL	Falcon Metals	0.25	56%	$44,250,000
FTL	Firetail Resources	0.072	54%	$13,943,067
AKM	Aspire Mining Ltd	0.33	50%	$177,672,945
ADG	Adelong Gold Limited	0.006	50%	$6,707,934
AYM	Australia United Mining	0.003	50%	$5,527,732
OAU	Ora Gold Limited	0.006	50%	$35,705,798
VPR	Volt Group	0.0015	50%	$16,074,312
WEL	Winchester Energy	0.003	50%	$4,081,688
TVN	Tivan Limited	0.073	46%	$123,446,177
M2M	Mt Malcolm Mines NL	0.026	44%	$4,052,964
JAT	Jatcorp Limited	0.66	43%	$49,127,186
SGQ	St George Mining	0.0255	42%	$23,724,970
CLA	Celsius Resource Ltd	0.014	40%	$36,418,691
KOR	Korab Resources	0.007	40%	$3,303,450
KRR	King River Resources	0.014	40%	$20,195,824
MDX	Mindax Limited	0.043	39%	$92,195,270
MRL	Mayur Resources Ltd	0.26	37%	$98,455,805
SPR	Spartan Resources	0.985	37%	$983,078,769
STX	Strike Energy Ltd	0.28	37%	$715,193,322
KCC	Kincora Copper	0.048	33%	$9,826,871
TMK	TMK Energy Limited	0.004	33%	$20,734,836
MRZ	Mont Royal Resources	0.072	31%	$5,186,817
MM1	Midas Minerals	0.085	31%	$7,749,726
GES	Genesis Resources	0.005	25%	$3,914,206
KP2	Kore Potash PLC	0.03	25%	$20,213,419
LRV	Larvotto Resources	0.12	25%	$25,081,165
HYT	Hyterra Ltd	0.036	24%	$35,153,842
TRE	Toubani Res Ltd	0.18	24%	$30,119,775
DES	Desoto Resources	0.093	22%	$5,573,165
CYM	Cyprium Metals Ltd	0.045	22%	$68,612,055
BUR	Burley Minerals	0.17	21%	$21,803,787
BVR	Bellavista Resources	0.255	21%	$17,263,202
KAU	Kaiser Reef	0.17	21%	$26,511,804
RR1	Reach Resources Ltd	0.017	21%	$13,990,902
VTM	Victory Metals Ltd	0.325	20%	$30,611,886
AGR	Aguia Res Ltd	0.024	20%	$23,826,595
AHK	Ark Mines Limited	0.15	20%	$8,594,194
SRR	Sarama Resources	0.025	19%	$2,930,139

At Stockhead we tell it like it is. While Summit Minerals is a Stockhead advertiser, it did not sponsor this article. 

Originally published as Who made the gains in June? Here are the top ASX resources winners