January 28, 2026

 

(METALS ARE AN INVESTOR’S TREASURE CHEST)

 

January 28, 2026

 

Hello everyone

I’m going to focus on several stocks today, which include uranium explorers, industrial metals explorers, and producers. These will include:

Deep Yellow (ASX: DYL)

Aus Quest Limited (ASX: AQD)

Lynas Rare Earths (ASX: LYC)

Iluka Resources Limited (ASX: ILU)

Freeport McMoRan (FCX)

 

First, let’s look at Deep Yellow (DYL)

Deep Yellow (ASX: DYL)

 

 

 

Deep Yellow (ASX: DYL) is a prominent uranium explorer and developer, positioned as a key player in the uranium sector with a “dual pillar” strategy focused on projects in Namibia and Western Australia.  As of late January 2026, the company is viewed as a significant developer with high leverage to the rising uranium price.

The company has performed well over the past year, and as of 2026, year-to-date, the company has seen a gain of over 27%. 

The company’s flagship project (Tumas)is in Namibia.  The project is aiming for production, with a targeted output of 3.6 Mlb per annum.

The company reported a strong cash balance of $187M at the end of the Dec. 2025 quarter, providing flexibility for project development.

Greg Field is set to take over as CEO on February 2, 2026.

 

Key Risks & Thoughts:

The company is currently in the development stage, not yet producing revenue from operations.

 

We know the uranium market is bullish, but be mindful that there is execution risk in getting new projects to production.

The consensus rating for Deep Yellow is “buy” based on insights from eight analysts.

 

Technical Analysis:

You can see from the chart above that the company has been in accumulation mode for many years and has only just changed market structure and broken to the upside. 

We are in the early stages of uranium investment and development, and I believe (DYL) is well positioned to capitalise on nuclear energy’s revival.

The uranium bull market will probably run for many years.

 

Aus Quest Limited ($0.007)

 

Aus Quest is a junior (mineral) explorer that saw great gains in 2025 after major discoveries.  It has projects in Australia and Peru. The company targets large-scale deposits (copper, gold, nickel, & iron). In Australia, the company has a strategic alliance agreement with South32 (ASX: S32) that encompasses base metal projects across Western Australia and South Australia. 

The company was founded in 2000.  It is trading around $0.072 with some analysts forecasting a maximum price target of AU$0.11.   Technical indicators have shown a mix of signals, with a long-term buy signal despite short-term volatility and a recent pullback.

Aus Quest is undoubtedly sensitive to exploration results, making the target price subject to rapid changes based on news flow.

It offers high growth potential but higher volatility.  (In other words, if you can’t take the gut-churning price action, stay away.

 

Lynas Rare Earths (ASX: LYC)

Lynas Rare Earths is the world’s only major producer of separated rare earth materials outside China.   The company provides a secure supply chain for high-tech industries.  It is headquartered in Perth, Western Australia, and operates one of the world’s highest -grade rare earth deposits – Mt Weld mine. Key products include neodymium and praseodymium (NdPr), used in electric vehicle motors, wind turbines, defence, and electronics industries. 

The stock has the potential to continue rising to around $28.30.  In the second chart here, I show you the projected Fib. Levels that illustrate where the target levels lie.  These are weekly charts I have shown here, so you can see the very long accumulation period, which stretched back to 2022.  The stock only began its strong rally in mid- 2025.  Momentum is also starting to show bullish potential.

 

Lynas Rare Earths (LYC) $16.20

 

Iluka Resources (ASX: ILU)

Iluka Resources is a significant Australian critical minerals company, which is widely recognized as the world’s largest producer of zircon and a leading supplier of titanium dioxide feedstocks (rutile and synthetic rutile).  The company’s headquarters are in Perth.  Its major focus is on supplying materials for industrial and technology applications. 

Iluka has jumped on the potential of rare earths and has now diversified into a major producer of rare earth elements (specifically Neodymium, Praseodymium, Dysprosium, and Terbium), with the development of Australia’s first fully integrated rare earths refinery at Eneabba, Western Australia. 

I recommended (ILU) last month when the stock was $6.24, but I thought I would just remind you that this stock still has the potential to target around $15.00+.  Be warned, though, we could see a pullback to around $5.50 before the stock turns strongly bullish.

Iluka Resources Limited (ASX: ILU) $6.46

 

 

COPPER IS THE RAGE NOW

Freeport McMoRan (FCX) is the world’s largest publicly traded copper producer, which is headquartered in Phoenix, Arizona.  The company was founded in 1981 and operates mines in Indonesia and North and South America. 

If you look at Freeport’s (FCX) chart here, and this is the monthly chart, you can see the stock has broken above previous highs going back to 2007, which is significant.  Even going back as far as 2021, you can see it has clearly broken out of that sideways, accumulation movement and made a clear break to the upside.  Next target would be around $70.00, & we could see $100+ by the end of 2030.  This stock should be a long-term hold.  You could also consider two-year LEAPS on this stock as well.

 

 

 

ECONOMIC UPDATE

The inflation rate in Australia is going the wrong way.  It rose 3.8% in the year to December, up from 3.4% in the year to November, according to the latest Australian Bureau of Statistics consumer price index (CPI) report.

With this data in front of them, it is highly likely that the Reserve Bank of Australia (RBA) will raise rates next week. 

Homeowners with a mortgage will feel the pain in their hip pocket.  Those investors who own multiple investment properties will also be crunching the numbers to weigh up the ramifications of a rate increase. 

The question is: if we do get a rate increase, will it be the first of several more?

TRADES TO PROTECT THE DOWNSIDE

Before a bear market eventually shows up, it will be wise to buy some protection for your portfolio.  I will be providing some trades and ticker symbols you can enter next week.  Puts, put spreads on the SPX will be in the mix.

 

 

Cheers

Jacquie