Midas Minerals Unveils High-Grade Initial Resource at Namibia’s Otavi Copper Project

The latest announcement is out from Midas Minerals Limited ( (AU:MM1) ).

Midas Minerals has released an initial Inferred Mineral Resource Estimate for the T-13 copper-silver deposit at its Otavi Copper Project in Namibia, outlining 10.5 million tonnes at 1.6% copper and 21 grams per tonne silver, equivalent to 211,000 tonnes of copper equivalent. The estimate, based solely on pre-acquisition drilling, includes a robust high-grade Main Zone averaging 3.2% copper equivalent at a 1% copper cut-off, with mineralisation starting at surface and remaining open, and is expected to be updated later in 2026 as a multi-rig drilling campaign advances and additional targets such as Spaatzu and Deblin are tested for further resource growth.

The company has begun a multi-rig infill and extensional drilling program at T-13, with first drill results anticipated in the June quarter of 2026 and further resource estimates across the Otavi project planned this year. Management highlights the potential for multiple copper and precious metal deposits within trucking distance of central processing, suggesting that ongoing discoveries and resource upgrades could enhance the scale and optionality of future economic studies and strengthen Midas’s strategic position in the regional copper sector.

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 Australian-listed exploration company focused on copper and precious metals, with its Otavi Copper Project located in Namibia’s Damara Orogenic Belt. The region hosts multiple operating base metal and gold mines and is supported by strong infrastructure, positioning Midas to pursue a potential hub-and-spoke development model feeding central processing facilities.

Average Trading Volume: 369,233

Technical Sentiment Signal: Buy

Current Market Cap: A$158.8M

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