Top 5 ASX Copper Stocks in 2026

1. BOA Resources (ASX:BOA)

Year-to-date gain: 533.33 percent
Market cap: AU$45.05 million
Share price: AU$0.19

BOA Resources is an exploration company building a portfolio centred on its Neds Creek copper project, located in Western Australia's Murchison region. The asset covers 1,378.6 square kilometres in the Murchison Copper Belt. BOA acquired a 49 percent interest in the project in November 2025.

The company’s biggest news this year came on June 25, when it agreed to acquire Core Value Australia, which held the remaining 51 percent of Neds Creek and the neighbouring Thaduna and Green Dragon copper deposits. The two new deposits host a combined JORC resource of 5.3 million tonnes at 2.3 percent copper, split between 2.8 million tonnes indicated and 2.5 million tonnes inferred. Shareholders voted in favour of the deal on October 12.

Shares climbed in late July as BOA prepared for its maiden drill program at the Neds Creek site, which will consist of 7,500 metres of reverse-circulation and 7,500 metres of aircore drilling.

BOA said its main priority would be Ricci Lee, about 2 kilometres southwest of Thaduna. Its goal is to define a maiden resource there that will add to the Thaduna-Green Dragon inventory.

Drilling began in August, and results released in late September confirm high-grade copper at Ricci Lee.

The best interval returned 22 metres grading 3.05 percent copper from a depth of 250 metres, including 9 metres grading 6.86 percent copper. Nine of the first 10 holes hit high-grade mineralisation, and the drilling also found a new copper lode closer to surface. Assays are pending for 36 more holes.

Shares of BOA reached a year-to-date high of AU$0.19 on October 7.

2. Kaoko Metals (ASX:KAO)

Year-to-date gain: 362.34 percent
Market cap: AU$130.35 million
Share price: AU$1.78

Kaoko Metals is an exploration company advancing its flagship Chalkos copper-silver project in Namibia, where it is carrying out the first drilling in the project's history.

The property consists of two prospecting licences covering about 390 square kilometres. Kaoko also holds an option for the Karibib gold-copper-tungsten project in Namibia's Damara Belt, where it can earn up to an 85 percent interest.

The company listed on the ASX in May after raising AU$6.5 million in its initial public offering at AU$0.20 per share. Kaoko's share price climbed through the year's midpoint as it advanced fieldwork at Chalkos, expanding the surface footprint at its Otniel and Donkey Hill prospects ahead of drilling.

Kaoko's biggest move came in early September, after it reported visible copper in its first two diamond drill holes at the Otniel prospect. One highlighted hole showed 60.25 metres of visible copper from a depth of 36.65 metres. The second hole had 51.83 metres of visible copper from a depth of 39.27 metres. Assays for the holes are pending.

The company said the copper appeared across several rock types, with the strongest zones coinciding with sheared rock. Kaoko sees this as early evidence that geological structures helped concentrate the copper, which could mean the mineralisation isn't confined to a single favourable rock layer.

On September 6, Kaoko raised AU$20 million through a private placement backed by institutional investors and existing shareholders. The placement raised Kaoko’s cash balance to more than AU$24 million. Funds from the placement will be used to add a second diamond drill rig at Chalkos, expand drilling at Otniel and Donkey Hill, extend mapping and geophysics and advance Karibib towards maiden drilling.

The most recent news from the company came on September 22, when Kaoko announced it was expanding the current drill program at Chalkos to at least 15,000 metres and mobilised a second rig to the site.

Shares of Kaoko reached a year-to-date high of AU$2.68 on September 14.

3. Cobre (ASX:CBE)

Year-to-date gain: 210 percent
Market cap: AU$308.85 million
Share price: AU$0.31

Copper-focused Cobre has a portfolio of assets in Chile, Botswana and Western Australia.

On February 12, Cobre raised AU$60 million and entered into a binding agreement with Minera Salar Blanco to acquire up to a 51 percent stake in the Sierra Atacama copper project in the Antofagasta region of Chile. The 40,000 hectare property hosts an operational underground mine that produces around 400 tonnes of copper cathode per month.

Then, on March 26, the company amended the agreement to acquire up to a 56 percent interest in the property through a staged acquisition pathway. Cobre will earn its first 45 percent stake in the project for US$28 million and will hold a call option on the remaining stake for an additional US$10 million, exercisable before December 31, 2026.

Cobre plans to optimise current operations, including expanding production to around 1,000 tonnes per month, and develop an open-pit mine. The company added that the grounds around the mine site have been largely unexplored and lie in an area that is adjacent to several significant discoveries, including Capstone Copper's (TSX:CS,ASX:CSC,OTCPL:CSCCF) Mantos Blancos copper project.

On August 31, Cobre moved toward majority ownership of Sierra Atacama by increasing its share in the project to 54.38 percent through a further capital raise of US$12 million. Additionally, if Cobre exercises its option to buy additional shares from its project partner by December 31, it can increase its ownership position to 63.5 percent.

The most recent news from the project came on September 21, when Cobre completed the first deep drill hole from its 40,000 metre exploration program. The hole was drilled in untested ground to a depth of 986.9 metres, and encountered mineralisation that the company said proves continuation of structures at depth.

In addition to its exploration efforts at the property, Cobre has signed ore purchase agreements with two miners to process copper oxide at Sierra Atacama. The miners are expected to provide between 50,000 and 75,000 tonnes of material per month, resulting in around 300 tonnes of cathode.

Shares of Cobre reached a year-to-date high of AU$0.425 on September 1.

4. Alara Resources (ASX:AUQ)

Year-to-date gain: 150 percent
Market cap: AU$69.27 million
Share price: AU$0.074

Alara Resources owns a 51 percent stake in the joint venture behind the Al Wash-hi Majaza copper-gold mine in Oman. The remaining 49 percent is owned by Al Hadeetha Investment Services and Al Tasnim Infrastructure.

The site consists of an open-pit mine that began copper production in 2024, and a 1 million tonne per year processing plant. Alara also holds interests in several Omani exploration projects, including the 1,448 square kilometre Block 22B concession surrounding the mine, and the Daris copper-gold project west of Muscat.

On March 19, Alara reported that both the mine and concentrator had achieved sustained three month production levels more than 6 percent above nameplate capacity. That performance carried through the June quarter — Alara notes in its quarterly activities report that the operation recorded its strongest sales since production began.

It sold 11,169 wet metric tonnes of concentrate containing about 2,077 tonnes of copper and a record 1,556 ounces of gold, while producing 10,902 wet metric tonnes of concentrate.

On August 26, Alara completed the 57th through 60th shipments from Oman’s Sohar Port, totalling 3,303 wet tonnes of concentrate containing 673 tonnes of copper. The shipments had been delayed due to congestion at the port amid ongoing regional disruptions. The company said the congestion hadn't affected mine or concentrator output.

Shipping from the port has become more consistent, with Alara announcing the most recent shipment, number 65 with 1,053 wet tonnes of copper concentrate, on October 1.

Shares of Alara reached a year-to-date high of AU$0.077 on September 21.

5. Narryer Metals (ASX:NYM)

Year-to-date gain: 138.71 percent
Market cap: AU$16.48 million
Share price: AU$0.074

Narryer Metals is an explorer moving into copper through its acquisition of the Redhill copper project in Chile.

Redhill is located in Chile's Southern Magallanes region; it consists of 1,620 hectares of mining concessions covering the Cutters Cove area, plus 14,600 hectares of exploration concessions.

The project hosts an inferred resource of 4.3 million tonnes at 1.7 percent copper, 33 grams per tonne silver and 0.3 grams per tonne gold, containing about 71,250 tonnes of copper.

On April 17, Narryer received firm commitments to raise AU$1.06 million. The raise brought in prominent mining investor Tim Goyder as a substantial shareholder, alongside existing shareholders Mimaro Group and Raffe Capital.

Narryer's copper pivot came on September 22, when it agreed to acquire Redhill from 29Metals (AU:29M). Under the terms of the deal, Narryer will provide upfront consideration of 20 million shares and a milestone payment of AU$1 million in cash or shares if it produces a new resource of 12 million tonnes at 2 percent copper equivalent.

Additionally, 29Metals will invest AU$1 million in Narryer at AU$0.10 per share, making it a substantial shareholder.

“The Redhill Copper Project represents a rare, district-scale opportunity in a premier, mining-friendly jurisdiction. Cutters Cove, the most advanced area within the Project, features historic, high-grade copper production, an existing Resource and a substantial Exploration Target,” said Executive Chair Richard Bevan.

Narryer is planning a staged drilling program over three years, starting with about 7,000 metres of diamond drilling. The deal is expected to close by December 31, subject to regulatory conditions.

Shares of Narryer reached a year-to-date high of AU$0.085 on September 29.