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Midas Minerals Limited ( (AU:MM1) ) just unveiled an announcement.
Midas Minerals has outlined multiple new high-priority drill targets at the Merwe, Segen and Devon prospects within its Otavi Copper Project in Namibia, following analysis of more than 2,300 surface geochemical samples that showed strong copper geochemistry and in-situ bedrock mineralisation. The company is planning initial reverse circulation drilling of these targets, while diamond drilling continues at the high-grade T-13 copper-silver deposit and follows up on the near-surface high-grade copper and silver mineralisation recently intersected at the Spaatzu prospect, positioning Midas to accelerate its exploration program in 2026 with an expanded on-site geological team and additional drill rigs.
The most recent analyst rating on (AU:MM1) stock is a Hold with a A$0.75 price target. To see the full list of analyst forecasts on Midas Minerals Limited stock, see the AU:MM1 Stock Forecast page.
More about Midas Minerals Limited
Midas Minerals Limited is an ASX-listed mineral exploration company focused on copper and silver projects in Namibia, particularly the Otavi and South Otavi Projects. The company is pursuing a regional exploration strategy aimed at identifying and drilling multiple high-priority targets to build a portfolio of high-grade copper-silver deposits in a prospective mining district.
Average Trading Volume: 230,168
Technical Sentiment Signal: Buy
Current Market Cap: A$154.7M
Learn more about MM1 stock on TipRanks’ Stock Analysis page.