Best ASX mining stocks for April 2026

The following 3 ASX mining stocks are on the rise and should be on the radar of investors who want to benefit from the ongoing commodities boom.

Minerals 260 Limited (ASX: MI6) 

on 30 March 2026 announced further impressive drilling results from its 100% owned 4.5Moz Bullabulling Gold Project in Western Australia which included high-grade intercepts such as 7m at 7.2g/t Au and the stock surged 11.25% at the time of writing.

The company is a solid pick among ASX mining stocks right now as it expects a Maiden Ore Reserve and a Pre-Feasibility Study in mid-2026 while the current market capitalisation stands at $1.46 billion.

The balance sheet is reasonably strong because net assets are $198.6 million and cash is $31.17 million and a major $220 million strategic funding package from Franco Nevada has also been secured which reduces funding risk going forward.

The company is moving from explorer to developer and if the Bullabulling project successfully enters production, the valuation could change significantly.

PMET Resources Inc. (ASX: PMT) 

is focused on its 100% owned Shaakichiuwaanaan project in Quebec, which hosts lithium, caesium and tantalum resources and is considered a globally significant pegmatite project.

The company is still in the development stage and reported a net loss of $5.17 million for the nine months ended December 2025, similar to the previous year, as the company continues to spend heavily on exploration and project development.

The current market capitalisation is $768.5 million and the balance sheet remains strong with total assets of $358.39 million and cash of $51.26 million.

Recent developments include new caesium discoveries at the Helios zone and additional high-grade drill intercepts which indicate further resource expansion potential and the possibility of new mineralized zones.

Alcoa Corporation (ASX: AAI) 

is a solid pick among ASX mining stocks and in 2025, reported strong financial performance as revenue rose 8% year-on-year to US$12.8 billion while net income attributable to the company increased to US$1.2 billion.

Adjusted EBITDA rose 24% year-over-year to US$2 billion while cash from operations stayed strong at US$1.2 billion which allowed the company to reduce total debt to US$2.4 billion and end the year with US$1.6 billion in cash which improved the balance sheet.

The company operates across the full aluminium value chain which includes bauxite mining, alumina refining and aluminium smelting and this gives vertical integration and cost advantages over many competitors.

The company currently has a market capitalization of $24.43 billion and the stock has surged nearly 15% year-to-date because aluminium prices improved and financial performance became stronger.

(Source: Company Reports)