What are the largest Australian copper companies? These five ASX copper stocks are the biggest on the exchange by market cap.

Copper is used heavily in construction, but as electric vehicles and other new technology continue to thrive, uses and demand for the base metal are increasing.

Companies across the globe are on the hunt for the red metal, with the top miners being Chile, Peru and China. But Australia is also in the running, currently coming in as the world’s fifth-largest producer.

For that reason, many investors are looking to Australia for copper investing ideas. Below we run through the five top ASX copper stocks by market cap. All market cap and share price information was obtained on September 13, 2018 from TradingView.

1. Aeon Metals (ASX:AML)

Market cap: AU$203.22 million; current share price: AU$0.34

With an extensive exploration portfolio, Aeon Metals is on the hunt for more than just copper — its assets are also prospective for cobalt, gold, silver, lead, zinc and molybdenum. Founded in 2006, Aeon has since devoted itself to its flagship project, Walford Creek, located in Northwest Queensland near the Northern Territory border.

Walford Creek has two primary resources: the Copper Lode, which contains 15.7 million tonnes at 1.24 percent copper and 0.15 cobalt, and the Cobalt Peripheral, which contains 18 million tonnes at 0.11 percent cobalt. The company is currently working on infill and expansion drilling at the project with an estimated completion date of November 2018.

2. Finders Resources (ASX:FND)

Market cap: AU$181.42 million; current share price: AU$0.23

Incorporated in March 2004, Finders Resources is an Indonesia-focused company. Its primary asset is the Wetar copper project, located in the Maluku province of the Republic of Indonesia. Wetar currently has a six-year mine life with reserves of about 196,000 tonnes of contained copper metal.

The project has two operational copper cathode sulfide heap-leach and solvent extraction-electrowinning (SX-EW) plants; one runs at 25,000 tonnes per annum (tpa) and the other at 3,000 tpa. The 25,000-tpa plant was commissioned in May 2016, and in combination with the other plant has produced over 37,000 tonnes of over 99.99-percent pure copper cathode to date.

3. MOD Resources (ASX:MOD)

Market cap: AU$97.22 million; current share price: AU$0.40

Based in West Perth, MOD Resources is a copper exploration and development company with properties in the Kalahari Copper Belt of Botswana. Between the company’s wholly owned tenements and joint venture licenses, MOD has access to around 11,500 square kilometers in the area.

Aside from its six ongoing development and exploration programs in Botswana, the company holds an 80-percent stake in the Sams Creek gold project in New Zealand. MOD agreed to sell the asset to Condamine Resources for AU$3.8 million in 2017, and will retain up to a 15-percent interest in Condamine one the company completes an initial public offering. The sale is part of MOD’s strategy to further develop its copper asset portfolio in Botswana.

4. KGL Resources (ASX:KGL)

Market cap: AU$75.34 million; current share price: AU$0.31

What began as Kentor Gold in 1998 eventually evolved into KGL Resources in 2013 as the company set its sights on mineral exploration and resource expansion. Expanding the Jervois copper project, located in the Northern Territory and acquired by KGL in 2011, is one of the company’s key focuses.

Since its acquisition, KGL has expanded Jervois’ estimated resource to 25.2 million tonnes containing 354,800 tonnes of copper and 23.6 million ounces of silver, together with gold, lead and zinc. The company also has two exploration licenses near the Adelaide-Darwin rail line, referred to as the Yambah project, and one exploration license called Unca Creek that has nearly tripled the available exploration space of the Jervois project.

5. Bougainville Copper (ASX:BOC)

Market cap: AU$62.16 million; current share price: AU$0.16

Listed on the ASX with its offices located in Papua New Guinea, Bougainville Copper’s (BCL) history dates back to 1967. The company is known for operating the historic Panguna copper mine from 1971 to 1989 when it shut down and was followed by civil war on the island of Bougainville. BCL once had Rio Tinto (ASX:RIO,LSE:RIO,NYSE:RIO) as its majority shareholder until the mining giant exited in 2016.

Presently, BCL is primarily focused on trying to reclaim and reopen the Panguna copper mine, despite having the renewal of its exploration license denied by the Autonomous Bougainville Government earlier this year. In the meantime, BCL is trying to rebuild its relationships within the community by helping support local programs related to health, education and sport.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.

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/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES./

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Lake owns over 220,000 hectares (0.5 million acres) of leases in a prime location within the Lithium Triangle, alongside all 5 major lithium producers.

A key difference in Lake’s development plan to lithium production is to use an efficient direct lithium extraction method (DLE) from our technology partner, Lilac Solutions Inc. This enables Lake Resources to be a cost competitive supplier of high-purity lithium carbonate with a low carbon (CO2) footprint, low water use and low land use – strong Environmental, Social, Governance (ESG) benefits.

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/NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION TO US NEWSWIRE SERVICES./

(All financial figures in US Dollars unless otherwise stated)

Keep reading... Show less

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Rio Tinto Chief Executive Jakob Stausholm said “Government stimulus in response to ongoing COVID-19 pressures has driven strong demand for our products at a time of constrained supply resulting in a significant spike in most prices. We focused on safely running our world-class assets and supplying products to our customers. This enabled us, despite operational challenges, to deliver record financial results with free cash flow of $10.2 billion and underlying earnings of $12.2 billion, after taxes and government royalties of $7.3 billion. We are further strengthening the portfolio with our commitment to fund the high-quality Jadar lithium project, which signals our large-scale entry into the fast-growing battery materials market. We will pay an interim dividend of 561 US cents per share, representing 75% of underlying earnings.

“We are making progress on our four priorities, identifying opportunities for operational improvement, advancing our ESG agenda, taking important investment decisions and stepping up our external engagement. We are making real and lasting changes to the way we engage, interact and operate and are committed to ensuring that we have strong and positive relationships wherever we do business. We have identified what we need to do to make Rio Tinto a better company for the long term, with the right teams in place to unleash our full potential.”

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