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Midas Minerals Limited ( (AU:MM1) ) has issued an announcement.
Midas Minerals Limited has made significant progress in its acquisition of the Otavi Copper Project in Namibia, with the transfer of project licenses to Otjitombo Mining and plans to commence drilling by the end of 2025. The company has also completed a 140-hole drill program at the South Otavi Project and secured $11.5 million in funding to support these initiatives. These developments are expected to enhance Midas’s exploration capabilities and strengthen its position in the copper mining sector, potentially benefiting stakeholders through increased resource definition and exploration success.
More about Midas Minerals Limited
Midas Minerals Limited is a company operating in the mining industry, focusing primarily on copper exploration and development. The company is actively involved in projects located in Namibia, specifically the Otavi and South Otavi Copper Projects, which are situated in a region with a strong mining history and quality infrastructure.
Average Trading Volume: 168,510
Technical Sentiment Signal: Buy
Current Market Cap: A$86.21M
See more insights into MM1 stock on TipRanks’ Stock Analysis page.