Midas Minerals Limited ( (AU:MM1) ) has issued an announcement.
Midas Minerals Limited has announced significant progress in its exploration activities at the Newington and Challa Projects in Western Australia. At the Newington Project, the company has identified several drill-ready gold targets based on previous geochemical sampling and historical mining data, with drilling planned for the September quarter. The Challa Project has yielded promising results, including platinum group elements and various mineral anomalies, with further exploration steps contingent on pending assay results. These developments underscore Midas Minerals’ strategic focus on enhancing its resource base and potentially increasing its market positioning within the mining sector.
More about Midas Minerals Limited
Midas Minerals Limited operates in the mining industry, focusing on the exploration and development of gold and other mineral resources. The company is actively engaged in projects located in the Goldfields region of Western Australia, with a particular emphasis on gold and copper exploration.
YTD Price Performance: 81.25%
Average Trading Volume: 208,367
Technical Sentiment Signal: Sell
Current Market Cap: A$18M
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