mining

Our high-conviction gold opportunity for 2026

Mar 24, 2026

Proactive Equities Team

This ASX gold producer is undervalued due to limited production history, but strong early margins suggest significant profit potential and a possible near-term re-rating. It operates a low-risk open-pit mine with long reserves, resources, and added silver by-product exposure.

New Murchison Gold (ASX: NMG): Pay for the Current Gold, Get the Exploration Potential for Free

Mar 14, 2026

Proactive Equities Team

New Murchison Gold Limited is a small Australian gold producer operating the Crown Prince mine in Western Australia. The company recently transitioned from exploration to production and is generating strong cash flow from high-grade ore sold to Westgold Resources Limited. Exploration at nearby targets and potential underground mining could extend the project’s life and add future growth potential.

How much higher can Lynas Rare Earths (ASX: LYC) share price go?

Mar 13, 2026

Proactive Equities Team

Lynas Rare Earths is the largest rare earth producer outside China, supplying critical magnet materials used in EVs, renewable energy and defence technologies. Its core Mt Weld mine and expanding processing facilities position the company as a key player in the Western rare earth supply chain. While earnings remain highly sensitive to rare earth prices, ongoing capacity expansion and stronger NdPr demand could support significant long-term growth.

Mineral Resources (ASX: MIN): An undervalued ASX miner facing an important resistance level

Mar 11, 2026

Proactive Equities Team

Mineral Resources is emerging from a heavy investment phase as the Onslow Iron project reaches scale, driving a sharp recovery in earnings and cash flow. With iron ore production ramped up and lithium assets backed by a major POSCO partnership, the business is now showing the financial benefits of years of expansion. Despite the turnaround, the stock still appears undervalued relative to its long‑term earnings, cash‑flow potential, and asset base.

Paladin Energy (ASX: PDN): A Leveraged Play on the Uranium Price Recovery

Mar 7, 2026

Proactive Equities Team

Paladin Energy is a leveraged uranium producer centred on the restarted Langer Heinrich mine in Namibia. Its earnings are highly sensitive to uranium prices, making the stock a direct play on the nuclear fuel cycle. Future growth could come from the large Patterson Lake South project in Canada.

Yancoal Australia (ASX: YAL): Strong Cash Flow, Zero Debt, and Leverage to Coal Prices

Mar 6, 2026

Proactive Equities Team

Yancoal Australia is largely a pure play on global coal prices, with profits rising and falling almost directly with commodity cycles. The company has dramatically strengthened its balance sheet, eliminating over $3bn of debt and building more than $2bn in cash, giving it one of the most conservative capital structures among coal producers. Even after coal prices normalised, low operating costs allow the business to remain profitable with solid cash flow and sustainable production levels.

mining