In its first reporting season since listing on the ASX in late 2024, Symal Group Limited (ASX: SYL) has made clear strides in delivering its prospectus promises. Most notably, the company has been awarded a $347 million conditional contract for civil works on the Gawara Baya Wind Farm, located in North Queensland on Gugu Badhun Country. This project aligns directly with Australia’s energy transition agenda, aiming to displace 1.3 million tonnes of CO₂ emissions per year.

Alfabs Australia Limited (ASX: AAL)entered the ASX in late June 2024 with the strong foundation of a family-owned business that has been operating since the 1950s. With its origins as Alfabs Engineers, the Torrance family has grown the company into a respected name in mining equipment hire and heavy engineering (Figure 1). The company remains founder-led, with the Torrance family still holding over 52% post-listing.

Resouro Strategic Metals Inc. (ASX: RAU) is a recently listed company, having debuted on the ASX on 14 June 2024. While many early-stage mineral exploration companies spend their first year positioning and reshaping project narratives, Resouro has wasted no time in generating substantial technical momentum and government-level recognition.

Piche Resources Limited (ASX: PR2) listed on the ASX on 15 July 2024, entering the market with a portfolio focused on uranium and gold exploration. Since its IPO, Piche has advanced exploration in both Argentina and Western Australia, with primary efforts concentrated on the Cerro Chacon gold project and the Sierra Cuadrada uranium project, both located in Argentina’s Chubut Province (Figure 1).

Merino & Co. Limited (ASX: MNC) entered the ASX in late October 2024, raising $6.35 million in its IPO. The strategy was clear: expand manufacturing capabilities, modernise its supply chain, and position the brand for export-led growth in premium merino wool products.  

Since debuting on the ASX in May 2024, Axel REE Limited (ASX: AXL) has maintained its strategic exploration push across two key Brazilian projects—the Caldas Rare Earths Project and the Caladão Gallium-REE Project (Figure 1). The company has taken significant steps forward in its goal to define high-value clay-hosted rare earth and gallium mineralisation, both critical to the future of electrification and green technologies.

Heavy Rare Earths Limited (ASX: HRE) continues to build momentum in Western Australia's Mid West, with the confirmation of a significant uranium target at its 100%-owned Perenjori Project. Following earlier geophysical and geochemical work, the latest soil assay results underscore the potential for a calcrete-hosted uranium deposit along the 8-kilometre Gingaba Well radiometric anomaly (Figure 1).  

Peak Minerals Limited (ASX: PUA) has released a major exploration update from its Minta Rutile Project in Cameroon, confirming a dramatic expansion of the heavy mineralised zone across the project (Figure 1). With results from over 150 new holes now in hand, the Company is edging closer to delineating a globally significant rutile province.

When a company like Terra Uranium Limited (ASX: T92) steps beyond its uranium roots and into the high-stakes world of critical minerals, it’s worth paying attention. The latest move—acquiring the Glen Eden Project in New South Wales—signals more than just portfolio diversification. It’s a calculated entry into a sector underpinned by global strategic demand, rising prices, and tightening supply chains.

FOS Capital Limited (ASX: FOS) is a founder-led Australian manufacturer and distributor of commercial, industrial, and architectural lighting solutions. Since listing on the ASX in June 2021, the company has demonstrated consistent growth, underpinned by a clear acquisition strategy and disciplined operational execution.

Western Yilgarn Limited (ASX: WYX) has recently reinforced its standing in the Western Australian bauxite landscape with a significant update to its Mineral Resource base. Following a clarification to the ASX on 5 March 2025, the Company has confirmed a massive 168.3 Mt Inferred Mineral Resource Estimate (MRE) under the 2012 JORC Code for its Julimar West Bauxite Project.

Robex Resources Inc. (ASX: RXR) has joined the ASX boards through a successful A$120 million IPO, becoming one of the few dual-listed gold developers with production-stage assets in West Africa. With a cornerstone project in Guinea, production underway in Mali, and an experienced leadership team, Robex’s entry offers investors a well-timed exposure to the next wave of mid-tier African gold producers.