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Midas Minerals Ltd (ASX:MM1)

ALERT: Price-sensitive ASX Announcement for MM1
Current share price for MM1 : $1.325 0.515 (63.58%)+
Announcement
Release
22 Jan 2026 8:24AM
Price at Release
$0.810
Full Release
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Summary
Midas Minerals Ltd has identified multiple new priority drill targets at its Otavi Copper Project in Namibia. The company has defined high-priority drill targets at the Merwe, Segen, and Devon prospects after processing over 2,300 surface geochemical samples. Initial reverse circulation drilling is planned to test these targets, subject to weather conditions. Recent findings include high-grade copper and silver mineralization at the Spaatzu Prospect. Midas is also conducting diamond drilling at the T-13 Copper-Silver deposit, with results expected in February 2026. The company is well-funded and expanding its exploration team to accelerate exploration efforts at Otavi, which promises significant exploration upside due to its high-grade historic drill intercepts and untapped potential.
Key Points
  • Multiple new priority drill targets identified at Otavi Copper Project.
  • High-priority drill targets defined at Merwe, Segen, and Devon prospects.
  • Discovery of high-grade copper and silver at Spaatzu Prospect.
  • Ongoing diamond drilling at T-13 Copper-Silver deposit with forthcoming results.
  • Midas is expanding the exploration team and deploying additional drill rigs.
  • The company is well-funded to continue exploration at Otavi.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.