Midas Minerals Unveils Maiden T-13 Resource and Expands Drilling at Namibia’s Otavi Project

Midas Minerals Limited ( (AU:MM1) ) has provided an update.

Midas Minerals reported its March 2026 quarter marked by an initial inferred mineral resource at the T-13 copper-silver deposit within Namibia’s Otavi Project, outlining 10.5 million tonnes at 1.6% copper and 21 grams per tonne silver, including a high-grade Main Zone. The company has deployed multiple drill rigs at T-13 and nearby prospects Spaatzu and Merwe, where strong copper-silver intersections continue to extend mineralised zones, and it has bolstered its balance sheet with a $28 million placement to accelerate exploration and resource growth across the project.

These advances position Midas to upgrade and potentially expand the T-13 resource later in 2026, strengthening the strategic potential of Otavi as a significant copper-silver district. For investors and other stakeholders, the combination of a maiden JORC-compliant resource, ongoing high-grade discoveries and fresh capital raises the project’s development optionality and enhances the company’s profile in the African copper exploration space.

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 ASX-listed exploration company focused on discovering and developing copper, silver and gold resources, currently concentrating on its Otavi Project in Namibia. The company targets high-grade base and precious metal deposits to build a resource base capable of supporting future development and potential production opportunities.

Average Trading Volume: 479,308

Technical Sentiment Signal: Buy

Current Market Cap: A$214.8M

See more data about MM1 stock on TipRanks’ Stock Analysis page.