The Best ASX Mining Stocks
to buy Now In
October 2025

Check out our Industry Experts’ report and
analysis on the Best Mining Stocks right now on the ASX

The Best ASX Mining Stocks to buy Now In October 2025

Check out our Industry Experts’ report and analysis on the Best Mining Stocks right now on the ASX

Introduction to ASX Mining Shares

There are more than 700 companies listed on the ASX, with roughly a third connected to mining and resources. This diverse pool ranges from established ASX mining companies such as BHP to hundreds of junior explorers searching for the next discovery. Their focus spans across Australian mining stocks in gold, copper, and battery metals like lithium—commodities that are critical to the global economy.

Why invest in mining stocks?

Investing in ASX mining stocks provides exposure to commodities that drive multiple industries, from construction to renewable energy. These are not just cyclical plays; Australian mining stocks offer growth potential in fast-rising sectors such as lithium and rare earths, both essential for electric vehicles and energy storage.

We believe established ASX mining companies, including dividend payers like BHP, remain attractive to income-focused investors, especially in an inflationary environment where commodities tend to act as a natural hedge. Yet, no investment is without risk—volatility in commodity prices and reliance on global demand cycles mean investors must balance opportunity with caution. Isn’t that the central challenge in any resource-driven sector?

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How to choose the right ASX mining stocks?

Selecting the best ASX mining stocks requires careful consideration of several factors. Understanding what to look for in a mining stock can help investors make smarter choices. Here’s a guide on how to identify the right stocks:

Commodity Exposure:

The first step in choosing a mining stock is determining which commodities the company produces. The mining sector includes various resources such as iron ore, coal, lithium, gold, and copper. Different commodities have unique market dynamics and growth prospects. For example, lithium has seen significant price increases due to the rise in electric vehicles, while iron ore has remained a steady performer due to strong demand from China and other developing nations. An investor should assess the future demand for the commodities a company mines and whether those resources align with global trends.

Company Fundamentals:

An investor must assess the financial health of a mining company before buying its stock. Look at key financial metrics such as earnings growth, profit margins, debt levels, and production costs. A strong balance sheet, low debt, and cost-effective operations can help a company weather commodity price fluctuations and maintain profitability. Companies with strong reserves and the ability to expand their mining operations are better positioned for long-term growth.

Management and Leadership:

The leadership team of a mining company plays a crucial role in its success. Experienced management with a track record of successfully navigating market cycles, regulatory challenges, and operational hurdles can significantly impact a company's performance. Look for companies with leaders who are knowledgeable about the global mining industry and who have experience managing large-scale projects.

Growth Potential:

The mining sector is highly competitive, and companies with the best growth potential often have ongoing exploration projects, discoveries, or plans for expanding their production capacity. Research a company’s future plans, including the development of new mining sites, technological innovations, and efforts to reduce costs through efficiency improvements. Companies that continually invest in expanding their resource base and improving their operational efficiency have the best chance of delivering growth over time.

Market Sentiment and Analyst Ratings:

Analyst ratings and market sentiment can provide additional insight into a mining stock’s potential. Research how analysts are rating the stock and whether it has a positive outlook from financial experts. Positive analyst ratings, combined with solid market trends, can be a good indicator that a stock will perform well in the coming months or years.

3 Best ASX Mining Stocks to Buy Now in 2025


BHP Group (ASX: BHP)

BHP, one of the world's largest and most diversified mining companies, operates across multiple sectors, including iron ore, copper, coal, and petroleum. With a strong presence in both Australia and internationally, BHP has built a reputation for stable and consistent performance..

Capricorn Metals


Capricorn (ASX: CMM)

Capricorn Metals is a gold exploration and development company that is becoming increasingly attractive to investors in the precious metals sector. Its flagship project, the Karlawinda Gold Project in Western Australia, hosts significant gold reserves and is expected to play a pivotal role in the company’s future growth.

Fortescue


Fortescue (ASX: FMG)

Fortescue Metals Group is one of Australia's largest iron ore producers, with operations predominantly based in the Pilbara region of Western Australia. The company is known for its low-cost, high-efficiency iron ore production, which has enabled it to maintain a competitive edge in the global market..

3 Best ASX Mining Stocks to Buy Now in 2025

BHP Group (ASX: BHP)

BHP, one of the world's largest and most diversified mining companies, operates across multiple sectors, including iron ore, copper, coal, and petroleum. With a strong presence in both Australia and internationally, BHP has built a reputation for stable and consistent performance.

Its diversified portfolio of assets allows it to weather fluctuations in commodity prices more effectively than many of its peers. The company has a robust financial position, marked by significant cash flows and a disciplined approach to capital management. Investors are attracted to BHP not only for its scale but also for its commitment to shareholder returns through regular and attractive dividends.

Additionally, BHP is actively pursuing initiatives to reduce its environmental footprint, particularly through its investments in renewable energy and carbon-neutral technology, ensuring long-term sustainability. While the mining sector can be volatile, BHP’s size, financial strength, and strategic shift toward greener initiatives position it as a reliable, long-term investment choice for those looking to gain exposure to the global mining industry.

Perseus Mining (ASX: PRU)

Capricorn Metals

Capricorn Metals is a gold exploration and development company that is becoming increasingly attractive to investors in the precious metals sector. Its flagship project, the Karlawinda Gold Project in Western Australia, hosts significant gold reserves and is expected to play a pivotal role in the company’s future growth.

While Capricorn is smaller compared to mining giants like BHP, its focus on high-quality gold assets provides an exciting opportunity for those looking for exposure to gold exploration. The company’s exploration activities in a region known for its rich gold deposits give it significant upside potential if its projects prove successful.

However, as with any smaller mining company, investing in Capricorn carries higher risks, especially as it is still in the development phase. Market volatility and exploration outcomes can cause sharp price movements, but for investors seeking a higher-risk, higher-reward profile, Capricorn offers potential growth in a sector that has traditionally performed well during periods of economic uncertainty.

Bellevue Gold (ASX: BGL)

Fortescue

Fortescue Metals Group is one of Australia's largest iron ore producers, with operations predominantly based in the Pilbara region of Western Australia. The company is known for its low-cost, high-efficiency iron ore production, which has enabled it to maintain a competitive edge in the global market.

Fortescue has built strong relationships with its key customers in China and other emerging markets, positioning itself as a major player in the iron ore sector. Beyond its core iron ore business, Fortescue has made significant investments in renewable energy, particularly focusing on green hydrogen, which could position the company as a leader in the future energy transition. Its commitment to sustainability and future-oriented energy solutions demonstrates its long-term growth potential.

However, Fortescue’s performance remains heavily tied to fluctuations in iron ore prices, which can be volatile. Despite this, its strong operational base, ambitious green energy projects, and ability to adapt to global trends make Fortescue a compelling investment for those seeking exposure to both the mining and sustainable energy sectors. For investors with a long-term view, Fortescue presents an opportunity to benefit from a well-managed, growth-oriented company.

What is the Future Outlook for the ASX Mining Sector?

A mixed picture emerges for ASX Mining Stocks. Ultimately, they all depend on future commodity prices predominantly. Gold is strong and will continue to be for sometime, although many battery metals are stuck in the toilet right now - to the point where some companies like Core Lithium and Panoramic had to mothball their projects.

It is also uncertain as to the impact decarbonisation will have on them. Despite many companies' PR and IR departments claiming their firms are part of the solution as their metals go into technologies like electric vehicles, there is increasing awareness of the environmental impact of mining and a questioning as to whether or not the costs outweigh whatever benefits that may be derived.

The pros and cons of investing in ASX Mining Stocks

Investing in ASX mining stocks offers exposure to core commodities such as iron ore and lithium, which are critical to various industries and represent significant growth potential and potential dividend income. Many of the major miners are significant dividend payers. If you invest in a small cap explorer that find the next big deposit, you can make spectacular returns - just ask investors in companies like De Grey, Chalice or Liontown!

Although the mining industry can generate returns for investors, not to mention for employees and the broader economy, it is more cyclical compared to other sectors. Environmental issues and geopolitical risks in mining areas add additional layers of complexity. In addition, projects in this sector often face long lead times and high initial investment with potential development bottlenecks. By the time Chalice is scheduled to enter production, in CY29, it will have been nearly a decade since it first discovered the Julimar deposit.

Are ASX Mining shares a good investment?

Whether ASX mining stocks are a good investment depends on several factors.

Ultimately, investors want a return and whether or not it is a good investment on the return you make from them. There are some that have proven to be good investments, but others have been less successful.

Major miners might be a good investment for income-oriented investors, although dividends may come at the expense of reinvesting profits back into the business, to buy new projects that could increase profits further.

FAQs on Investing in Mining Stocks

We think the best ASX mining stocks right now are Bellevue Gold, BHP, De Grey and Perseus Mining.

Our Analysis on ASX Mining Stocks

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