The best ASX mining shares to buy in 2023
You've probably wondered where to invest your money today. We'll tell you which two ASX stocks the Bell Potter team thinks you should be focusing on in 2023.
Chalice Mining Ltd (ASX: CHN)
Bell Potter is optimistic about this company because of its globally significant PGE-NiCu deposit and availability of highly sought after critical minerals. The broker commented:
"The Julimar project is a globally significant PGE-NiCu deposit. It can be used to establish a new strategic supply of PGE and base metals in a leading mining jurisdiction.
PGE nickel and cobalt are listed as critical minerals in Australia and the U.S. because of their role in the value chain of lithium-ion batteries and hydrogen fuel cells and Russia's dominance of the market. Exploration and development updates in 2022 have increased growth potential at the Gonneville field and theJulimar project."
Bell Potter has a target price of $11.10 on its stock.
De Grey Mining Limited (ASX: DEG)
The company named De Grey Mining as one of the best options for those looking to access gold. The broker sees significant potential for the Mallina Gold project in Western Australia. Bell Potter said:
"The mineral resource for Mallina Gold (MGP) is 251 million tonnes at 1.3 g/t gold containing 10.6 million ounces of gold. We believe MGP can support a large-scale, long-lived production asset with operational flexibility and high profitability in one of the world's leading mining jurisdictions. MGP could represent both a rare core production asset opportunity for DEG and a meaningful acquisition for any of the world's leading gold mining companies."
Bell Potter has a target price of $1.83 on De Grey Mining stock.