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An announcement from Midas Minerals Limited ( (AU:MM1) ) is now available.
Midas Minerals Limited has announced a significant acquisition of the Otavi Copper Project in Namibia from Nexa Resources. This transformational deal provides Midas with access to high-grade copper deposits and numerous underexplored targets, enhancing its exploration potential. The acquisition involves an initial cash payment with further deferred payments contingent on project milestones. The Otavi Project is strategically located with excellent infrastructure, offering Midas a strong position to rapidly explore and develop the resource base, potentially delivering significant value to shareholders.
More about Midas Minerals Limited
Midas Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily engaged in the acquisition and exploration of high-grade copper, silver, and gold deposits, with a strategic emphasis on projects that offer rapid resource definition and development potential.
Average Trading Volume: 127,203
Technical Sentiment Signal: Buy
Current Market Cap: A$19.86M
Find detailed analytics on MM1 stock on TipRanks’ Stock Analysis page.