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Midas Minerals Limited ( (AU:MM1) ) has issued an update.
Midas Minerals has reported further high-grade copper and silver results from drilling at the Spaatzu Prospect within its Otavi Copper Project in Namibia. New reverse circulation drilling, including hole SPRC062, has intercepted a broad zone of mineralisation about 300 metres west of the initial discovery, with portable XRF readings indicating substantial copper and silver content over a 52-metre interval.
Additional assay results from shallow holes SPRC003 and SPRC004 confirm strong near-surface copper-silver grades, supporting the interpretation of both higher-grade structurally controlled zones and broader stratabound mineralisation. With 77 RC holes completed over one kilometre of strike and two RC rigs currently on site, the latest results enhance geological understanding at Spaatzu and underline the prospect’s potential scale alongside ongoing resource drilling at the nearby T-13 deposit.
The most recent analyst rating on (AU:MM1) stock is a Buy with a A$1.35 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 Australia-based mineral exploration company focused on copper and silver, with key activities centered on the Otavi Copper Project in Namibia. The company is advancing multiple prospects, including Spaatzu and the nearby high-grade T-13 copper-silver deposit, using reverse circulation and diamond drilling to define resources and expand mineralisation.
Average Trading Volume: 387,502
Technical Sentiment Signal: Buy
Current Market Cap: A$179.1M
Find detailed analytics on MM1 stock on TipRanks’ Stock Analysis page.