Top 5 Australian Mining Stocks This Week: Battery Age Minerals Climbs on Germanium Promise

Market and commodities price round-up

The S&P/ASX 200 (INDEXASX:XJO) opened at 9,013.1 on Monday (October 6) and closed at 8,969.8 on Thursday (October 9), dropping 0.48 percent over the course of the week.

Gold ended the week strong, up 3.57 percent from US$3,886.98 per ounce on Monday to US$4,025.88 by Thursday, setting new gold price highs along the way. In Australian dollars, the yellow metal saw a larger spike of 4.02 percent, moving from AU$5,886.91 to AU$6,123.34.

Silver also posted significant gains. It climbed 1.94 percent in US dollars, starting the week at US$47.98 and closing at US$48.91 Thursday. In Australian dollars, silver demonstrated a strong 2.37 percent increase, rising from AU$72.67 to AU$74.39.

Top ASX mining stocks this week

How did ASX mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Australian mining stocks below as the Investing News Network breaks down their operations and why these companies are up this week.

Stocks data for this article was retrieved at 4:00 p.m. AEST on Thursday using TradingView’s stock screener and reflects price movements between Monday and Thursday. Only companies trading on the ASX with market capitalisations greater than AU$10 million are included. Mineral companies within the non-energy minerals, energy minerals, process industry and producer manufacturing sectors were considered.

1. Battery Age Minerals (ASX:BM8)

Weekly gain: 119.39 percent
Market cap: AU$30.92 million
Share price: AU$0.215

Battery Age Minerals is a battery minerals developer with a portfolio that spans Austria and Canada.

Battery Age Minerals’ flagship asset is the Bleiberg zinc-lead-germanium project in Austria, which is noteworthy for its high grades of the critical metal germanium. In January 2025, the company entered a farm-in agreement to acquire 80 to 100 percent of the El Aguila gold-silver project in Argentina, signifying its expansion into precious metals.

Shares of Battery Age Minerals jumped to start the week, closing at AU$0.155 on Monday, up 58 percent from its prior close of AU$0.098. The company published its response to an ASX price query on Tuesday (October 7), in which it said the jump may be attributable to reports from outside publications over the past week.

On October 2, Fawkes Capital Management published a research note focused on the potential of the company due to germanium market fundamentals, with little supply outside of China, which has banned exports. According to Fawkes, the Bleiberg project hosts “one of the highest-grade known germanium deposits in the Western world, outside of China and Russia.” The report was also published as an article on LiveWire Monday, coinciding with the spike.

Shares of Battery Age Minerals peaked this week on Thursday, closing at AU$0.215.

2. European Lithium (ASX:EUR)

Weekly gain: 77.27 percent
Market cap: AU$240.31 million
Share price: AU$0.195

European Lithium is a Western Australia-based explorer and developer whose portfolio includes the Leinster lithium project in Ireland, as well as equity stakes in a range of resource companies.

Its largest is a 60 percent holding in its spun-out subsidiary Critical Metals (NASDAQ:CRML), which is advancing the Wolfsberg lithium project in Austria and Tanbreez rare earth project in Greenland towards production.

The company made two announcements this week, with the first being that it sold 3 million shares of Critical Metals to a single US institutional investor at US$7 per share for a total of US$21 million.

Two days later, its subsidiary entered a multi-year offtake agreement with private company REalloys, a US rare earth refining company. The update, shared on Thursday, detailed that Critical Metals is expected to supply up to 6.75 million tonnes of REE concentrate from its Tanbreez project, about 15 percent of its planned production.

Shares of European Lithium surged on Monday, closing at AU$0.25, on speculative but unconfirmed news that the US Trump Administration may be interested in investing in Critical Metals.

3. G50 (ASX:G50)

Weekly gain: 57.53 percent
Market cap: AU$98.54 million
Share price: AU$0.575

Founded in 2020 and headquartered in North Sydney, G50 is a gold explorer focused on Arizona and Nevada, US.

In late September, G50 reported high antimony grades from drilling at its White Caps gold project in Nevada. The company opened October announcing that it has exercised its option to fully acquire the Golconda project in Northwestern Arizona. Golconda is located in the Wallapai Gold District and was once Arizona’s largest zinc and lead mine.

According to the October 1 release, drilling at the project is set to commence following the transaction and will likely carry over to 2026. G50 previously made a gold-silver-zinc discovery at the project during its 2025 drill program.

While no further announcements were made by the company after the Golconda project acquisition, its shares spiked on Thursday, peaking at an AU$0.575 close.

No comments or inquiries on the share spike have been made as of writing.

4. Hastings Technology Metals (ASX:HAS)

Weekly gain: 52.86 percent
Market cap: AU$118.3 million
Share price: AU$0.535

Hastings Technology Metals is a rare earth elements (REE) producer focusing on the development of its advanced-stage Yangibana project in Western Australia. First production is expected in late 2026.

This week, the company saw a rise in shares despite not having any releases in October, gaining the attention of the ASX.

In a Wednesday (October 8) response to the ASX’s price query, Hastings said that it has no pending and undisclosed announcements and that the price surge may be due to the developments it reported in late September.

On September 22, it announced the formalization of its Yangibana REE-niobium project joint venture with private mining company Wyloo, which was initially announced in February 2025.

Previously the sole owner, Hastings now holds a 40 percent participating interest in the joint venture, while Wyloo holds 60 percent and will serve as project operator. The agreement results in the cancellation of Hastings’ debt to Wyloo.

Following this, Hastings revealed on September 29 that it is divesting its gold assets in Western Australia, namely the Whiteheads, Ark and Darcy projects, to Metal Bank (ASX:MBK).

“On the same day, the Australian Trade and Investment Commission highlighted HAS as a delegate in its 2025 US Critical Minerals Delegation, which met with officials of the United States Government in Washington,” the company said, adding that this was the subject of un-commissioned news coverage.

Shares of Hastings closed at AU$0.545 on Wednesday and AU$0.535 on Thursday.

5. Superior Resources (ASX:SPQ)

Weekly gain: 50 percent
Market cap: AU$21.34 million
Share price: AU$0.012

Queensland-based Superior Resources is focused on the discovery of polymetallic deposits with base and precious metals deposits across Australia’s renowned mineral-rich regions.

The company’s flagship Greenvale project covers a large land package in the Lucky Creek Corridor of North Queensland. As per the company’s September updates, Greenvale has been expanded by at least 56 percent to cover 3,602 square kilometres, making Superior the region’s largest landholder.

Greenvale is a multi-resource asset with a wide range of mineralisation at its deposits, including gold, copper, molybdenum and nickel. In mid-September, rock chips from its Halls Reward and Telegraph copper-gold prospects at Greenvale returned high grades, including one from Halls Reward grading 46.5 percent copper, 6.58 g/t gold and 24.5 g/t silver.

Superior Resources is another top gainer that hasn’t released news in October. The company’s price spiked from AU$0.09 to as high as AU$0.14 during trading Thursday, leading the ASX to halt trading during the early afternoon.

Trading is set to recommence following the release of Superior’s response to an ASX price query, or on Monday, October 13, whichever comes first.