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Midas Minerals Limited ( (AU:MM1) ) has provided an update.
Midas Minerals Limited announced a live investor webinar to discuss its recent acquisition of the Otavi Copper Project in Namibia. This acquisition is considered transformational for the company, as it plans to commence resource definition drilling at the project’s high-grade copper deposits, which also contain silver and gold. The Otavi Project offers significant exploration potential, with historic high-grade drill intercepts and untapped areas for future discoveries. This strategic move is expected to enhance Midas’s operations and strengthen its position in the mineral exploration industry.
More about Midas Minerals Limited
Midas Minerals Limited is a junior mineral exploration company primarily focused on copper and precious metals. The company has a strong track record in delivering value through mineral discoveries and mine development, and it operates projects in Western Australia and Canada, including the Newington, Challa, Reid-Aylmer, and Greenbush projects. Midas has also entered into an agreement to acquire the Otavi Copper Project in Namibia, which is known for its high-grade copper deposits.
Average Trading Volume: 269,837
Technical Sentiment Signal: Buy
Current Market Cap: A$32.33M
Learn more about MM1 stock on TipRanks’ Stock Analysis page.