The Australian resources sector is moving fast this year. Investors want the top ASX rare earth stocks 2026 to boost their portfolios. One small player is outperforming the broader market.
This standout company is Meteoric Resources (ASX: MEI). It represents the immense potential of ASX All Ordinaries mining stocks. The stock has surged 37.5% over the last twelve months.
Meteoric comfortably beats the broader All Ordinaries Index. The index only gained 5.1% over that same period. Smart money is looking closely at this outperforming miner.
Investors want to find the best rare earth miners ASX has today. Meteoric Resources is delivering real, tangible operational success. The company focuses on critical minerals on the United States list.
Fig 1: Koppamurra Conceptual Project Flow Sheet [Australian Rare Earths]
Operational Success at Caldeira
Its flagship Caldeira Rare Earth Project sits in Brazil. This world-class asset is moving forward very quickly. Recent technical data shows excellent progress at the project.
Meteoric commissioned its brand-new Pilot Plant in late 2025. The company recently shared excellent operational data from the first five months of processing. These results prove its commercial viability.
The Pilot Plant processed roughly 43 tonnes of ore. This raw material came directly from the Capao do Mel starter pit. The plant achieved its target throughput rate successfully.
Operations ran smoothly at 600 kilograms of ore per day. Production numbers have exceeded the internal forecasts of corporate management. The plant is proving the design flowsheet.
Mixed Rare Earth Carbonate production consistently averaged high numbers. It beat the forecast rate of two kilograms per day. This performance shows the huge commercial potential.
Fig 2: Meteoric CEO Stuart Gale [Business News]
Impressive Recovery Rates
Metallurgical performance looks very strong at the Brazilian site. Magnet rare earth oxide recoveries averaged 71% inside the carbonate product. This extraction rate confirms excellent quality.
Recoveries jumped even higher to 80% during May. The company achieved this spike through constant process optimisation. Iterative flowsheet improvements and excellent feed material drove this success.
Higher metal recoveries mean lower production costs for the miner. Better margins will eventually drive higher returns for Australian investors. Management is pleased with these recent gains.
| The exceptionally high NdPr and DyTb combined recovery of 80% in the past month gives us encouragement that we may ultimately be able to exceed our targeted MREO recoveries by applying the learnings of the piloting program and capitalising on our +4,000ppm reserve material. In addition to the strong MREO recoveries, rare earths on the United States critical minerals list like yttrium, samarium, gadolinium and ytterbium are all recovering well. – Gale said |
Global Partners and Offtake
Global technology markets need reliable mineral supply chains. Meteoric has already shipped over 200 kilograms of carbonate product. These high-grade samples went to potential partners.
Companies in the United States, Europe, and Asia are testing the material. They use these samples for product qualification processes. Successful testing will pave the way for sales contracts.
The miner also supplied material for regional development studies. Local researchers are evaluating oxide separation processes inside Brazil. This work could create a complete domestic supply chain.
The data validates the early investments in metallurgy. It also confirms the positive assumptions in recent engineering studies. The company is de-risking the project every week.
| Almonty supplies conflict free tungsten, a strategic metal critical to the defence and advanced technology sectors. The company is continuing to ramp up its tungsten mining operations in South Korea. The company has ridden the tungsten boom and benefited from soaring tungsten prices. However, the share price rise is losing momentum. It now has to deliver on some aggressive earnings estimates to justify its rating. The shares have fallen from $32.51 on April 21 to trade at $22.18 on June 11. It may be time to cash in some gains. – Grigor said |
The Broader Mining Market
The wider Australian resources sector is experiencing transformation. A new commodities super cycle is driving ASX All Ordinaries mining stocks higher. Copper and lithium lead the charge.
The S&P/ASX 300 Metals and Mining Index rose 22% this year. This follows an exceptional 38% growth during the previous calendar year. Mining giants are setting fresh historical records.
For example, Rio Tinto shares hit a record price of 195.84 dollars on June 3. Sandfire Resources hit its own record of 21.75 dollars on January 30.
The copper producer then retreated before returning near record highs. Sandfire shares traded at an intraday high of 21.64 dollars recently. Rising commodity prices provide immense tailwinds.
| The gold company operates three exploration projects. Two projects are in Victoria and one is in Queensland. The company has reported high grade assays, most recently from the Sunday Creek Gold-Antimony project in Victoria where it drilled seven holes. Any JORC mineral resource estimate in the future needs to meet investor expectations, or the share price may be punished. The shares rose from $5.37 on August 1, 2025 to $12.04 on March 2, 2026. The shares were trading at $8.75 on June 11. Investors may want to consider taking a profit. – Grigor explained |
Navigating Market Risks
However, not every mining stock is a guaranteed winner today. Some experts advise investors to take profits on recent high flyers. Professional analysts recommend caution for certain companies.
Warwick Grigor from Far East Capital issued sell ratings on two specific stocks. He recommends selling Southern Cross Gold and Almonty Industries. Both companies enjoyed immense runs.
The Southern Cross Gold share price reached 4.51 dollars. The stock is up a whopping 82% this year. The gold company operates three exploration projects across Victoria and Queensland.
The company has reported high-grade assays from its Sunday Creek project. However, the future mineral resource estimate must meet investor expectations. Failure could cause the price to drop.
Fig 3: Chairman Far East Capital Ltd [LinkedIn]
Almonty Industries is another company on the sell list. Its share price reached 26.42 dollars after doubling this year. Almonty supplies conflict-free tungsten to advanced technology sectors.
The company is ramping up its tungsten mining operations in South Korea. It benefited from soaring tungsten prices over recent months. However, the share price rise is losing momentum.
Almonty must deliver on aggressive earnings estimates to justify its current rating. The shares have fallen significantly from their April high. Cashing in gains seems wise.
Why Meteoric Stands Out
Unlike these overextended players, Meteoric is actively hitting milestones. It is proving its processing flowsheet in real time. This progress separates it from speculative ASX rare earth stocks 2026.
The search for the best rare earth miners ASX offers requires patience. Meteoric Resources is turning geology into genuine commercial progress. It offers a unique combination of upside and proof.
Also read: Next Decade of Gold Mining: Afema Project (ASX:TCG) in Côte d’Ivoire Explained
FAQ
Q: Why is Meteoric Resources outperforming the broader market?
A: The miner achieved an 80% metal recovery rate at its Brazilian pilot plant during May.
Q: Are all ASX mining shares a strong buy today?
A: No, experts suggest taking good profits on overextended stocks like Southern Cross Gold and Almonty Industries.
Q: What drives the current mining commodities super cycle?
A: Surging demand for lithium and copper leads the sector’s incredible performance throughout 2026.
Q: Where is Meteoric sending its early production samples?
A: The company ships testing material directly to potential offtake partners across the United States, Europe, and Asia.
Also read: Australia’s Gold Sector Gains Momentum with Bellevue’s Tribune South Drilling
Disclaimer
This article is meant only for informational purposes. If you are an investor who is watching Mineral Resources Limited closely, all the data published in the content is sourced from ASX announcements and external sources. Kindly verify all information related to the share price and market data. Any investment should be made at the investor’s own risk. Colitco does not hold any position in the above-mentioned Company
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Sources:
https://www.fool.com.au/2026/06/18/2-asx-mining-stocks-to-sell-after-strong-runs-expert/
https://www.stockopedia.com/share-prices/australian-rare-earths-ASX:AR3/
Elizabeth Jones
Elizabeth Jones has over 10 years of experience creating reader-focusedmaterial across dynamic sectors. She specialises in creating reader-focused material across sectors like personal finance,fintech, investing, banking, insurance, and cryptocurrency. She also brings a distinct mining perspective to her writing by covering everything from traditional resource markets to modern crypto mining operations.
For over four years, she has worked withfintech startups, wealth management firms, and financial publications to produce high-impact, SEO-driven content. She relies on keyword research, SEO strategy, and data-driven storytelling to boost organic traffic and audience engagement.
Elizabeth excels at turning dense financial data and complex mining topics into clear and authoritative articles. Whether she is breaking down tax strategies or analysing the latest resource trends, her goal is to make finance completely accessible to any audience.
