3 ASX Mining Stocks Climb Today: Western Mines, Pivotal Metals and Anax Metals in Focus

Sonal Goyal

11 November 2026 01:17 PM AEDT

3 ASX Mining Stocks Climb Today: Western Mines, Pivotal Metals and Anax Metals in Focus

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Key Highlights

Western Mines Group (ASX:WMG) traded up 8.33% at $0.130 during the 11 November 2026 session.
Pivotal Metals (ASX:PVT) rose 8.33% to $0.013, with the Horden Lake scoping study reporting a post-tax NPV of A$920 million.
Anax Metals (ASX:ANX) gained 6.25% to $0.034 after a potential new zinc-silver lens was identified at Mons Cupri.

Three ASX Mining stocks traded higher during the Trading session on 11 November 2026. Western Mines Group (ASX:WMG) was trading at $0.130, up 8.33% by late morning, while Pivotal Metals (ASX:PVT) rose 8.33% to $0.013 and Anax Metals (ASX:ANX) gained 6.25% to $0.034. The S&P/ASX 200 (ASX:XJO) was down about 0.06% at 9,123.90 at 12:19 pm over the same period. The three companies are exploring for nickel, copper and zinc in Western Australia and Quebec.

Western Mines Group (ASX:WMG): Mulga Tank Nickel Results

On 30 October 2026, Western Mines announced its quarterly activities report, which covered geochemical assays from Phase 5 RC holes at its Mulga Tank nickel-cobalt-copper-PGE project. The company reported broad zones of nickel sulphide mineralisation, including 235 metres at 0.28% nickel from 83 metres in one hole. An updated resource that included Phase 4 and Phase 5 results lists 1,121 million tonnes indicated at 0.28% nickel and 1,526 million tonnes inferred. Cash stood at $1.03 million at 30 September 2026.

Pivotal Metals (ASX:PVT): Horden Lake Scoping Study

On 30 October 2026, Pivotal announced its Quarterly Report and Appendix 5B, which reported that the Horden Lake scoping study confirmed copper development potential, with a post-tax NPV of A$920 million and an IRR of 49%. The Horden Lake resource grew to 52 million tonnes at 1.05% copper equivalent. Cash was $2.444 million at 30 September 2026, and the company drilled five holes at Belleterre.

Anax Metals (ASX:ANX): New Zinc-Silver Lens at Mons Cupri

On 11 November 2026, Anax announced assays from its Mons Cupri deposit within the Whim Creek Copper-Zinc Project, which included 16.52 metres at 1.06% copper equivalent from 257.5 metres in hole 26ANXDD007. The intersection sits outside the classified Mineral Resource, and the company said it outlines the framework of a potential new lens. A four-hole follow-up program is under way, with the 2026 program scheduled to finish in early December.

Final Word

The three miners each moved on their own news, from nickel drilling and resource growth in Western Australia to a copper study in Quebec and a zinc-silver discovery at Whim Creek. Their next drilling and study results will show how each project develops.

FAQs

Q: Which of the three mining stocks had the highest share price during the session?

A: Western Mines Group (ASX:WMG) had the highest share price, trading at $0.130 during the session.

Q: What did Pivotal Metals report about Horden Lake?

A: The scoping study reported a post-tax NPV of A$920 million and an IRR of 49%.

Q: When will the 2026 drilling program at Mons Cupri finish?

A: The company said the program is scheduled to finish in early December 2026.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.