The ASX companies covered herein are recently seen to have some appealing, potentially viable projects in last one year or so given the backdrop and favorable commodity price landscape. In every boom, a clear majority of mining companies run out of money and collapse later, leaving only a small number that survive and some that prosper. Below is a look at ASX: NCZ, ASX: WSA that have gained traction at the back of outlook.

New Century Resources Limited (ASX: NCZ) is under the metals and mining sector and has projects that include Century mine project and Kodiak Coking Coal Project. NCZ is trading at a current market price of $1.195 and has seen a daily price change of $0.005 or 0.42%, as at market open on August 07, 2018. The stock has seen a performance change of 124.5% over the past 12 months. The company’s value proposition is to transform from developer to producer. The production stands at 264,000 tpa zinc and 3 Moz pa silver. In-situ resources to provide mine life extension have been in focus. Globally, zinc project permitting, financing and development timelines are increasing. The company is ramping up to be a top 10 zinc producer. To investigate the incorporation of Century’s existing in-situ Mineral Resources into the current tailings only mine plan, the Company commenced the Expansion PFS. New Century Resources was officially inducted into the S&P/ASX 300 Index lately. The group still have potential for a further run-up.

Western Areas Limited (ASX: WSA) is into exploration of mining with the sale of nickel sulfide concentrate, other base metals, and platinum group metals, and has an annual dividend yield for the stock of 0.63% which is fully franked. The company has recently announced the expansion of Western Gawler regional exploration strategy with Iluka Pty. Limited which is a subsidiary of Iluka Resources Limited via the execution of farm-in and joint venture agreement. With 67,236 tons of ore at an average grade of 3.9% nickel for 2,625 nickel tons, production was considered to be best and represented the highest quarter production timeframe for FY18. The nickel prices that have soared above 50% in last one year benefitted the group. The Company issued 693,733 fully paid ordinary shares to the Western Areas Employee Share Trust for the Performance rights vested upon satisfaction of the performance and time-based vesting criteria contained…

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