Top 5 Australian Mining Stocks This Week: African Gold Shines on Acquisition by Montage

2025-12-04 17:00:00 ET

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.

Gold, rare earths, metals and iron ore are all in this week’s list, with each company’s share climbing on either M&A news or project updates.

Egypt’s mining sector is becoming an eye-catcher for Australian investors, according to several reports .

Karim Badawi, Egypt’s minister of petroleum and mineral resources, recently announced a new incentive package aimed at attracting emerging and medium-sized Australian mining companies.

Some of the past week’s biggest corporate news includes SolGold’s rejection of Jiangxi Copper's (OTC Pink:JIAXF,HKEX:0358,SHA:600362) second acquisition proposal, pitched at 26 pence (US$0.34) per ordinary share.

Southern Cross Gold (TSX:SXGC,ASX:SXG) received work plan approval for an exploration tunnel at its Sunday Creek gold-antimony project in Victoria, Australia, noted as a major step toward Victoria’s being the sole Australian source of antimony.

Meanwhile, ABx Group (ASX:ABX) unveiled its first mixed rare earth carbonate sample from its Deep Leads rare earth project in Tasmania, reporting 4 percent dysprosium and 0.7 percent terbium.

For further details see: