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Copper Investing
Top 5 ASX Copper Stocks of 2025
Apr. 14, 2025 01:50PM PST
Explore the five top Australian copper stocks in 2025, including Ausquest, Aurelia Metals and Magmatic Resources.
Aksenenko Olga / Shutterstock
Copper has performed well in recent years, and prices for the red metalreached new record highs in March.
The outlook for the red metal is positive in the short-term and there is plenty of optimism about copper over the longer term.
Many market watchers are forecasting robust copper prices, especially as low supply is coming up against higher usage from sectors such as the renewable energy and electric vehicle industries. Fastmarkets is predicting that copper demand from energy transition sectors should grow at a CAGR of 10.7 percent in the decade to 2034.
Against that backdrop, the top ASX copper stocks have put on impressive year-to-date share price performances.
The list below outlines the best-performing copper stocks on the ASX, and was generated on April 2, 2025, using TradingView’s stock screener. Copper stocks with market caps above AU$10 million at that time were considered.
1. Ausquest (ASX:AQD)
Year-to-date gain: 562.5 percent
Market cap: AU$71.41 million
Share price: AU$0.053
Ausquest is a mineral exploration company with polymetallic projects in Australia and Peru. In Australia, the company has a strategic alliance agreement with South32 (ASX:S32) that encompasses base metal projects across Western Australia and South Australia.
Ausquest's main focus in the first quarter of 2025 is its portfolio of copper-gold prospects along the southern coastal belt of Peru, which includes the Cangallo porphyry copper, Lantana and Playa Cali copper projects.
Shares of Ausquest started the year trading at AU$0.008, and soared after the company announced a major large-scale porphyry copper-gold discovery at Cangallo during its maiden drill campaign on the property on January 23. For example, hole CANRC001 returned an interval of 348 metres grading 0.26 percent copper and 0.06 parts per million gold from 6 metres, including 26 metres at 0.36 percent copper and 0.07 ppm gold.
The company's share price reached AU$0.043 by January 28, and jumped even higher to AU$0.057 on February 6 after the company reported that further drill results confirmed the significance of the porphyry copper-gold discovery at Cangallo.
Ausquest's next big news came on March 5 when the company outlined Stage 2 of its drill campaign at Cangallo, set to begin in April. "Stage 2 drilling has been designed to help locate the centre of the porphyry system and the possible presence of a supergene blanket, both of which hold excellent potential to contain high copper grades," stated the press release.
On March 11, the company also released its financial results for the half year ended December 31, including an update on its plans.
While Ausquest's share price had pulled back to AU$0.033 on March 3, it climbed back up through the rest of the month and hit a year-to-date high of AU$0.61 on March 26 alongside the copper price all-time high.
2. Aurelia Metals (ASX:AMI)
Year-to-date gain: 44.12 percent
Market cap: AU$440.07 million
Share price: AU$0.245
Aurelia Metals operates three mines in New South Wales, Australia: the Peak mine in the Cobar Basin, which produces copper, lead and zinc concentrates; the Dargues gold mine; and the newly opened polymetallic Federation mine.
With the Federation operation up and running as of September 2024, Aurelia has now switched gears to developing its Great Cobar copper deposit, which is also located in New South Wales.
The project is accessible to the north of the New Cobar mining complex at the company’s Peak mine.
A 2022 prefeasibility study for Great Cobar shows that the brownfield development project can economically provide feed to the Peak process plant for at least five years, delivering a total of 47,000 tonnes of copper and 61,000 ounces of gold.
In late February, Aurelia reported its H1 2025 financials for the period ended December 31, showing significant year-over-year improvement in its financial performance. The company's underlying EBITDA increased 53 percent to AU$49.7 million and its underlying net profit after tax increased 949 percent to AU$15.6 million. The company produced 1,900 tonnes of copper during the period, more than double its H1 2024 copper production.
As a copper producer, the company's stock value benefitted from rising prices for the red metal in the first quarter of the year. Aurelia’s share price saw its highest year-to-date value on March 20, coming in at AU$0.26 per share, up more than 44 percent from the start of the year.
3. Magmatic Resources (ASX:MAG)
Year-to-date gain: 40.62 percent
Market cap: AU$20.85 million
Share price: AU$0.045
Magmatic Resources is a copper and gold explorer in New South Wales, Australia, and its Myall, Wellington North and Parkes projects are located in the East Lachlan region of the state. This area is home to one of Australia’s largest gold and copper producing operations, Newmont’s (ASX:NEM,NYSE:NEM,TSX:NGT) Cadia East mine.
Magmatic has a farm-in and joint venture agreement with Fortescue (ASX:FMG) subsidiary FMG Resources on the Myall project. Under the agreement, signed in March 2024, Fortescue may spend up to AU$6 million over four years to earn a 51 percent interest in the project, after which it may spend an additional AU$8 million to bring its stake in Myall to 75 percent. Fortescue is also a cornerstone investor in Magmatic Resources with a 19.9 percent stake.
On March 25 of this year, Magmatic announced that a diamond drilling program had commenced at the Myall project, encompassing 13 holes to be drilled over 3,000 meters focused on a number of high priority targets. The exploration update also included news on soil sampling programs at Wellington North and Parkes.
Magnetic’s share price hit a year-to-date high on March 17, coming in at AU$0.059 per share, up nearly 100 percent from the start of the year.
4. Belararox (ASX:BRX)
Year-to-date gain: 38.89 percent
Market cap: AU$34.55 million
Share price: AU$0.20
Belararox is an exploration-stage resource company with a diverse metals portfolio, including two copper projects: the Toro-Malambo-Tambo (TMT) project located in Argentina's San Juan province and the newly acquired Kalahari copper project located in Botswana.
In January, Belararox launched its maiden drill program at the TMT project with the planned depth for the first hole at 1,300 metres on the Tambo South copper porphyry target; and shared geophysics results confirming a copper porphyry system at the Malambo prospect. The same month, the company initiated its 2025 field program at the Kalahari project, performing detailed mapping and soil sampling to refine targets for a planned drill campaign in mid-2025.
Drilling commenced at TMT's Malambo copper-gold porphyry target in February with the first planned hole designed to a depth of 1,200 metres. At the same time, Belararox shared that the first drill core from its drilling at Tambo South contained visible copper sulphides.
Belararox reported on March 3 that exploration work at TMT “continues to see promising indications of porphyry systems in both Tambo South and Malambo drill cores.”
The company's share price spiked by over 100 percent on March 25, after it reported further significant visual copper mineralization in the second drill core at Tambo South. The company expects to release assays for the first two cores in late April to early May.
Shares in Belararox hit a year-to-date high of AU$0.31 the next day, also coinciding with the copper price high.
On April 1, Belararox informed investors that its field work at Kalahari led to the identification of more than 20 areas of interest that will become the subject of its planned drill program set to begin on the project in July.
5. Solstice Minerals (ASX:SLS)
Year-to-date gain: 23.33 percent
Market cap: AU$19.14 million
Share price: AU$0.185
Solstice Minerals is building a portfolio of gold and copper projects in Western Australia’s mineral rich greenstone belt regions. In addition to its cornerstone Yarri gold project, the company recently acquired the Nanadie copper-gold project.
Solstice picked up the 130 square kilometre Nanadie property from Cyprium Metals (ASX:CYM) in early February. Nanadie is an advanced exploration project with a JORC-compliant inferred mineral resource estimate of 40.4 million tonnes at 0.4 percent copper and 0.1 grams per tonne gold for 162,000 tonnes of contained copper and 130,000 ounces of gold.
In late March, Solstice reported its team was making strong progress with its geological review and re-logging of historical drilling at the Nanadie copper-gold project. The company believes there are “clear opportunities to significantly expand the mineralised system” and to increase the current resource. Solstice is looking to have targets set by early H2 2025 for Phase 1 drilling.
Shares of Solstice hit a year-to-date high of AU$0.20 multiple times during the quarter, with the most recent coming on March 31.
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Securities Disclosure: I, Melissa Pistilli, currently hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: Cyprium Metals is a client of the Investing News Network. This article is not paid-for content.
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