Highlights

  • Forrestania Resources shares rose 1,400% over the past year to AUD 0.30 following asset acquisitions and project expansion.
  • Altair Minerals recorded a 940% yearly gain, trading at AUD 0.026 amid progress at its Greater Oko Project in Guyana.
  • Midas Minerals climbed more than 630% year-on-year to AUD 0.58 after advancing its Otavi Copper Project in Namibia.

Several ASX-listed lithium companies have recorded substantial share price gains over the past 12 months, driven by project acquisitions, exploration progress and capital market activity. Forrestania Resources, Altair Minerals and Midas Minerals have each delivered notable year-on-year performance.

Forrestania Resources: Asset Expansion Drives Re-Rating

Forrestania Resources Ltd (ASX:FRS) emerged as one of the top-performing ASX lithium stock over the past year, with its share price rising from AUD 0.02 to AUD 0.30, representing a 1,400% increase.

During December 2025, the company expanded its Mt Dimer Hub through the acquisition of three Mining Leases and one Exploration Licence from Beacon Minerals for AUD 50,000. Additional pre-emptive rights over surrounding tenure were secured for AUD 150,000, increasing control over the Mt Dimer project area.

Earlier in the September 2025 quarter, Forrestania completed multiple transactions to grow its footprint across Western Australia, including acquisitions at British Hill, Lady Ada, Lady Magdalene, North Ironcap and Burracoppin. The company also reported updated mineral resource estimates at Lady Lila and a maiden inferred resource at Ada Ann. A strategic placement raised AUD 8.61 million to support exploration and development activities.

Altair Minerals: Greater Oko Positions the Company for Scale

Altair Minerals Ltd (ASX:ALR) delivered a 940% gain over the past year, with shares currently trading at AUD 0.026. The company’s performance followed a series of developments at its Greater Oko Project in Guyana.

In December 2025, Altair released findings from a structural study at South Oko that identified multiple zones considered favourable for mineralisation. Follow-up mapping and geophysical surveys are scheduled to commence in January 2026.

During the September quarter, Altair entered an agreement to acquire up to a 70% interest in the Greater Oko Project, covering 590 square kilometres of granted permits with expansion potential. The company later received AUD 2.26 million from the second tranche of a placement, finalising the transaction and securing shareholder approval.

Midas Minerals: Otavi Acquisition Advances Exploration Program

Midas Minerals Ltd (ASX:MM1) recorded a 631% increase in its share price over the past year, trading at AUD 0.58. The company completed the acquisition of the Otavi Copper Project in Namibia in December 2025.

Drilling is underway at the T-13 copper-silver deposit and the Spaatzu prospect, with additional drilling planned at the Deblin copper-gold-silver deposit in early 2026. As at 30 September 2025, Midas reported cash reserves of approximately AUD 15.3 million, supporting an expanded exploration program.

The company also completed an AUD 11.5 million placement during the September quarter to fund acquisition costs and accelerate exploration across the Otavi and South Otavi projects.