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Midas Minerals Limited ( (AU:MM1) ) has shared an update.
Midas Minerals Limited has commenced reverse circulation (RC) drilling at the South Otavi Project in Namibia, targeting historic gold and copper anomalies. This initial phase aims to confirm and refine the extensive gold anomaly and understand the copper-silver mineralization along the Deutsche Erde trend. The drilling program, which includes approximately 3,000 meters of drilling, is strategically positioned near the Otjikoto gold mine and aims to enhance the company’s exploration capabilities and geological understanding, potentially impacting its future operations and market positioning.
More about Midas Minerals Limited
Midas Minerals Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the extraction of gold and copper, with a market focus on projects in Namibia, including the South Otavi and Otavi Copper Projects.
Average Trading Volume: 204,599
Technical Sentiment Signal: Buy
Current Market Cap: A$64.95M
For a thorough assessment of MM1 stock, go to TipRanks’ Stock Analysis page.