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An announcement from Midas Minerals Limited ( (AU:MM1) ) is now available.
Midas Minerals has reported further high-grade copper and silver intercepts from infill drilling at the T-13 deposit within its Otavi Copper Project in Namibia, including wide intervals grading around 4% copper equivalent in the Main Zone and strong results from the first infill hole in the Western Zone. The company now has five rigs active across Otavi, and the new assays are improving definition of high-grade zones over 1.4km of strike at T-13, supporting the potential to grow beyond the current mineral resource estimate ahead of an update planned later in 2026.
The latest drilling results, which build on a recently delivered initial resource of 10.5 million tonnes at 1.6% copper and 21 grams per tonne silver, underline growing confidence in the continuity and scale of mineralisation at T-13. Concurrent resource drilling at the nearby Deblin Copper-Gold-Silver Deposit and continued work at Spaatzu indicate an aggressive exploration and resource growth strategy across the Otavi project, which could strengthen Midas Minerals’ position in the copper and silver sector if the results translate into larger, higher-grade resources.
The most recent analyst rating on (AU:MM1) stock is a Buy with a A$1.50 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 Ltd is an ASX-listed exploration company focused on copper and silver, with additional exposure to gold. Its flagship asset is the Otavi Copper Project in Namibia, where it is advancing a series of high-grade deposits including the T-13 Copper-Silver Deposit, alongside ongoing work at the Deblin and Spaatzu prospects.
Average Trading Volume: 523,912
Technical Sentiment Signal: Buy
Current Market Cap: A$214.8M
Find detailed analytics on MM1 stock on TipRanks’ Stock Analysis page.