ASX performers at 52 week high

The excellent recent stock performances of Nova Minerals, DroneShield, Westgold Resources and Hazer Group has been shaped by a mix of strong project milestones, record financial results, strategic partnerships and government funding support while also maintaining balance sheet strength.

Top ASX performers

Nova Minerals (ASX: NVA)

DroneShield Limited (ASX: DRO)

Westgold Resources Limited (ASX: WGX) 

Hazer Group Limited (ASX: HZR) 

Nova Minerals (ASX: NVA) 

got a big boost when its subsidiary Alaska Range Resources won US$43.4 million from the U.S. Department of War under the Defence Production Act to push antimony trisulfide production at the Estelle Gold and Critical Minerals Project in Alaska. For the year ending 30 June 2025, Nova showed a smaller net loss of A$11.1 million compared to A$16.4 million in the last year. This was helped by a A$10.5 million gain from selling Snow Lake shares. Exploration and evaluation spending went up 9% to A$100.1 million as drilling and sampling at Estelle increased, while operating cost rose 17% to A$7.5 million because of dual listing expenses. Cash flows improved too with A$4.1 million coming from investing activities. The year ended with no debt and later the balance sheet got stronger from a US$12.2 million Nasdaq offering. Going forward Nova is working on feasibility for the RPM gold deposit, planning a maiden resource for the Stibium antimony prospect and chasing more U.S. antimony grants. 

DroneShield Limited (ASX: DRO) 

has now sold over 4,000 systems after winning 2 contracts worth A$7.9m for handheld units to the U.S. Department of Defence, with delivery and payment in Q4 2025. In the first half of 2025 the company made revenue of about A$72.3 million which is up 210% from last year for the same period and it also recorded its most profitable half year ever with PBT of A$5.2 million. Year to date secured revenues touched A$176.3 million and the sales pipeline has grown to A$2.34 billion which is more than double compared to last year. The company has a strong balance sheet with A$207.9 million cash and no debt. Each year it invests over A$50 million every year into research and development. Its products are already being used by defence forces and critical sites around the world. For the future DRO wants to grow its SaaS revenues along with building more manufacturing hubs in US and Europe and increase its pipeline to A$5 billion by 2027-2028. 

Westgold Resources Limited (ASX: WGX) 

had a very strong FY25 with revenue going up 90% to A$1.36B. Adjusted EBITDA also jumped 84% to A$498M helped by record gold output of 326koz after buying Southern Goldfields but even with these gains, NPAT fell 63% to A$35M. On the positive side, free cash flow more than doubled to A$224M. Cash and other liquid assets finished at A$364M which is 38% higher than last year, and the company lifted dividend by 33% to 3cps. Operationally, Westgold kept a strong EBITDA margin of 36% and enjoyed higher average gold price of A$4,387/oz. The three year outlook looks solid with production expected to climb from 326koz in FY25 to above 470koz by FY28 backed by 3.5Moz of reserves and full use of nearly 6Mtpa milling capacity.

Hazer Group Limited (ASX: HZR) 

pushed forward its commercialisation plans in FY25 with its methane pyrolysis tech getting validated at the Commercial Demonstration Plant. It also signed a global alliance with KBR to open up licensing chances in hydrogen and graphite markets. Revenues jumped 124% to about A$8.5M mainly and Net loss dropped 60% to A$7.6M compared to a loss of A$19.1M in FY24. Operating expenses went down 17% to A$14.6M as construction costs and consulting spend reduced. Net operating cash outflows also improved to A$5.2M from A$15.8M last year. At the end of June cash stood at A$12.5M with net assets of A$13.7M. It also got extra funding like A$6.2M Lower Carbon Grant. Looking ahead growth will come from the KBR tie up, projects in Japan with Chubu Electric and Chiyoda, FortisBC in Canada and a UK MOU with EnergyPathways. With more than 70 patents across 30 countries and demand rising for clean hydrogen and graphite, Hazer is shaping up as a key player in this space.

(Source: Company Announcements)