ASX Stocks Touching 52-Week Highs

Several ASX stocks crossed their 52-week highs on Monday as it was a strong day for the resources sector which was supported by rising commodity prices and renewed investor optimism.

Among these the following three ASX companies stand out due to their solid operating performance and clear growth trajectories.

Viridis Mining and Minerals Limited (ASX: VMM)

Viridis Mining and Minerals Limited (ASX: VMM) has drawn strong market attention after the stock crossed its 52-week high on Monday.

The company confirmed that the State of Minas Gerais granted the Preliminary License for Colossus and this step reduces risk in the development timeline.

This environmental approval confirms that the project is viable and it now allows progress toward the Installation License while management aims to begin construction in the second half of 2026.

Colossus contains a large 200.6Mt Ore Reserve at an average grade of 2,640ppm TREO which places it among the most advanced ionic clay rare earth projects in the world.

Viridis also secured a US$100 million Letter of Interest from Export Development Canada and up to US$50 million of backing from Export Finance Australia as it works toward final pre- execution milestones and targets FID in 2H 2026.

African Gold Limited (ASX: A1G)

African Gold Limited (ASX: A1G) has gained strong market momentum after it crossed its 52-week high on Monday which reflects renewed investor interest in gold developers amid supportive macro conditions.

The company in its December 2025 quarter outlined a transformational Scheme of Arrangement with Montage Gold Corp which gives shareholders exposure to a larger and well capitalised gold platform focused on Cote d’Ivoire.

Drilling at the flagship Blaffo Guetto deposit at Didievi returned multiple high-grade intercepts which extend beyond the current 989k ounce Mineral Resource Estimate at 2.5 g/t Au which reinforces growth potential.

The company ended the quarter with $15.45 million in cash and about 7.3 quarters of funding available after the sale of Montage shares and option exercises which improved liquidity.

Resolute Mining Limited (ASX: RSG)

Resolute Mining Limited (ASX: RSG) has captured market attention after it crossed its 52-week high on Monday which shows fresh investor confidence in its turnaround plan and future growth projects.

The company reported EBITDA of $383 million and operating cash flow of $314 million which reflects strong cash generation because gold prices remained favourable during the period.

RSG ended the year in a net cash position of $209.1 million and had available liquidity of $322 million which gives it a solid base to fund expansion plans because management aims to lift annual group production above 500000 ounces by the end of 2028.

The company for 2026 has set production guidance at 250000 to 275000 ounces at an AISC of $2000 to $2200 per ounce which is supported by stable output from Syama in Mali and Mako in Senegal.

(Source: Company Reports)