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Midas Minerals Ltd (ASX:MM1)

ALERT: Price-sensitive ASX Announcement for MM1
Current share price for MM1 : $0.905 0 (0%)+
Announcement
Release
29 Jun 2026 9:12AM
Price at Release
$0.905
Full Release
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Summary
Midas Minerals Ltd has announced the successful completion of its first drilling at the Deblin Copper-Gold-Silver Deposit, part of the Otavi Copper Project in Namibia. The first core holes, particularly DBDD001, intersected wide zones of visible copper sulphide mineralization, including significant intervals of chalcopyrite, bornite, and chalcocite. Assay results are anticipated by the September quarter, with further drilling planned to explore the 1.1km target corridor. The company is preparing for continued exploration and potential expansion of its drilling capacity within the region. Midas owns 100% of the Otavi Project, highlighting its potential for significant copper and precious metals discoveries.
Key Points
  • First drilling at Deblin intersects visual copper mineralisation
  • DBDD001 intercepts wide zones of copper mineralisation
  • Assay results expected in September quarter
  • Six rigs currently operating at Otavi Project
  • Potential for resource expansion and new discoveries at Deblin
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.