| 1 | Inner Mongolia Xingye Silver & Tin Mining Co., Ltd (000426.SZ) | 10/10 | 29.0x |
| 2 | PT Central Omega Resources Tbk (DKFT.JK) | 9/10 | 11.2x |
| 3 | Central Mine Planning & Design Institute Limited (CMPDI.NS) | 9/10 | 26.7x |
| 4 | Alphamin Resources Corp. (APH.JO) | 9/10 | 7.6x |
| 5 | JCHX Mining Management Co.,Ltd. (603979.SS) | 9/10 | 16.8x |
| 6 | Silvercrest Metals ULC (REA) | 8/10 | 20.8x |
| 7 | Nile Limited (NILE.NS) | 8/10 | 6.6x |
| 8 | Metals X Limited (MLX.AX) | 8/10 | 19.6x |
| 9 | MLG Oz Limited (MLG.AX) | 8/10 | 4.1x |
| 10 | Macmahon Holdings Limited (MAH.AX) | 8/10 | 13.9x |
| 11 | Mohammed Hadi Al-Rasheed Company (9601.SR) | 8/10 | 26.6x |
| 12 | Western Mining Co.,Ltd. (601168.SS) | 8/10 | 11.8x |
| 13 | Guangxi Huaxi Nonferrous Metal Co.,Ltd (600301.SS) | 8/10 | 24.2x |
| 14 | Jiaxin International Resources Investment Limited (3858.HK) | 8/10 | 43.0x |
| 15 | 20 Microns Limited (20MICRONS.NS) | 8/10 | 10.2x |
| 16 | TR Anadolu Metal Madencilik Isletmeleri A.S. (TRMET.IS) | 7/10 | 41.4x |
| 17 | Santacruz Silver Mining Ltd (SCZM) | 7/10 | 29.2x |
| 18 | Starcore International Mines Ltd. (SAM.TO) | 7/10 | 6.1x |
| 19 | Perenti Limited (PRN.AX) | 7/10 | 10.7x |
| 20 | PT PAM Mineral Tbk (NICL.JK) | 7/10 | 10.8x |
| 21 | PT Trimegah Bangun Persada Tbk (NCKL.JK) | 7/10 | 7.7x |
| 22 | Mastermyne Group Limited (MYE.AX) | 7/10 | 13.5x |
| 23 | Mitchell Services Limited (MSV.AX) | 7/10 | 6.3x |
| 24 | Metro Mining Limited (MMI.AX) | 7/10 | 6.7x |
| 25 | Hindustan Zinc Limited (HINDZINC.NS) | 7/10 | 17.8x |
| 26 | GR Engineering Services Limited (GNG.AX) | 7/10 | 29.0x |
| 27 | Fortescue Ltd (FMG.AX) | 7/10 | 14.9x |
| 28 | Deterra Royalties Limited (DRR.AX) | 7/10 | 12.9x |
| 29 | PT Bumi Resources Minerals Tbk (BRMS.JK) | 7/10 | n.d. |
| 30 | BHP Group Limited (BHG.JO) | 7/10 | 19.3x |
| 31 | African Rainbow Minerals Limited (ARI.JO) | 7/10 | 8.3x |
| 32 | Loco Hong Kong Holdings Limited (8162.HK) | 7/10 | 1.6x |
| 33 | CMOC Group Limited (603993.SS) | 7/10 | 27.8x |
| 34 | China Kings Resources Group Co.,Ltd. (603505.SS) | 7/10 | n.d. |
| 35 | Jinduicheng Molybdenum Co., Ltd. (601958.SS) | 7/10 | 42.6x |
| 36 | Tibet Huayu Mining Co., Ltd. (601020.SS) | 7/10 | 23.1x |
| 37 | BGRIMM Technology Co., Ltd. (600980.SS) | 7/10 | 72.3x |
| 38 | Zhuzhou Smelter Group Co.,Ltd. (600961.SS) | 7/10 | 15.6x |
| 39 | Rising Nonferrous Metals Share Co.,Ltd. (600259.SS) | 7/10 | 31.8x |
| 40 | CMOC Group Limited (3993.HK) | 7/10 | 21.0x |
| 41 | Yunnan Lincang Xinyuan Germanium Industry Co.,LTD (002428.SZ) | 7/10 | n.d. |
| 42 | Anhui Truchum Advanced Materials and Technology Co., Ltd. (002171.SZ) | 7/10 | n.d. |
| 43 | Xenora Minerals Limited (XRA.AX) | 6/10 | n.d. |
| 44 | Vedanta Oil and Gas Limited (VOGL.NS) | 6/10 | n.d. |
| 45 | Vedanta Limited (VEDL.NS) | 6/10 | 5.6x |
| 46 | Terramin Australia Limited (TZN.AX) | 6/10 | n.d. |
| 47 | Titan Mining Corporation (TI.TO) | 6/10 | n.d. |
| 48 | Sunshine Silver Mining & Refining Co (SSMR) | 6/10 | n.d. |
| 49 | Silver Bow Mining Corp (SBMT) | 6/10 | n.d. |
| 50 | South32 Limited (S32.JO) | 6/10 | 29.0x |
| 51 | Red Hill Minerals Limited (RHI.AX) | 6/10 | 23.4x |
| 52 | PT Petrosea Tbk (PTRO.JK) | 6/10 | n.d. |
| 53 | Piche Resources Limited (PR2.AX) | 6/10 | n.d. |
| 54 | Oakajee Corporation Limited (OKJ.AX) | 6/10 | n.d. |
| 55 | Nyrstar NV (NYR.BR) | 6/10 | n.d. |
| 56 | NGX Limited (NGX.AX) | 6/10 | n.d. |
| 57 | New Frontier Minerals Limited (NFM.AX) | 6/10 | n.d. |
| 58 | PT Merdeka Battery Materials Tbk. (MBMA.JK) | 6/10 | n.d. |
| 59 | Lynas Rare Earths Limited (LYC.AX) | 6/10 | 98.0x |
| 60 | Liontown Limited (LTR.AX) | 6/10 | 40.3x |