Chalice Mining is a notable player in the palladium exploration sector with its Julimar Project in Western Australia, which is believed to hold a substantial palladium resource along with other metals like rhodium and nickel. This project places Chalice as a promising option for those looking to invest in palladium stocks with a focus on exploration and development in Australia.

The positive virtues of Palladium like reducing carbon dioxide emissions, intense hydrogen purification at an industrial level, utilization in groundwater treatment, palladium is more precious than metals like copper and nickel. Chalice Mining, with their crown jewel project, efficiently managed the production of this metal. The company showed a solid rise of 852.63% over the past five years. Chalice Mining also experienced an increase of 39.79% in their net income in FY24 than their previous financial year.

Zimplats is a significant player in the global platinum group metals (PGMs) market and stands out as one of the largest palladium producers on the ASX. Based in Zimbabwe, Zimplats has developed a dominant presence in the Bushveld Igneous Complex, one of the richest sources of palladium and platinum globally. Zimplats’ mining operations focus heavily on palladium, platinum, rhodium, iridium, and ruthenium, with palladium being a primary contributor to its revenue.

The company showed a gradual growth of 52.15% over the span of five years. Their current market cap is valued at 1.71 billion AUD. With a crucial asset growth, Zimplats is a potential contender in the palladium stock market because the company's mining operations has been consistent with market fluctuations.

Unlike many smaller companies, Zimplats has demonstrated strong financial health, with substantial cash flow from its diversified precious metal outputs, allowing it to reinvest in technology and exploration. This is one of the top palladium stocks on the ASX.

With their flagship project, the Parks Reef PGM Project located in Western Australia, Podium Minerals is a rising player in the palladium mining sector. With a mix of palladium, platinum, gold and rhodium, this project mined high-grade palladium resources as a result of their extensive drilling.

Podium's strategic focus on expanding its resource base of palladium and other precious metals, has set it apart as a key exploration company. Its efforts align with the growing palladium demand driven by the production need for catalytic converters, as well as its potential applications in fuel cells and other industrial applications. With favorable findings in recent exploration updates, Podium Minerals is on track to become a significant player in the Australian palladium mining space.

Over the year, the company saw a gradual rise in their valuation which is an increase of 66.67% and their market cap is now valued at 27.85 million AUD. The company in 2024 had a free cash flow which was 64.97% higher than the past year.