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Midas Minerals Limited ( (AU:MM1) ) has provided an update.
Midas Minerals Limited has signed an option agreement to acquire up to 80% of the South Otavi Project in Namibia, expanding its exploration footprint in the Otavi copper-gold region. The project, located near the Otavi Project and the Otjikoto gold mine, hosts significant untested gold and copper anomalies identified in previous explorations. Midas has confirmed copper presence and plans to commence trenching, mapping, and sampling, with drilling tests planned for prioritized targets. This acquisition strengthens Midas’ position in the region and could potentially enhance its resource base, impacting its operations and stakeholders positively.
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. Its primary products include gold and copper, with a market focus on expanding its footprint in resource-rich regions like Namibia.
Average Trading Volume: 124,349
Technical Sentiment Signal: Buy
Current Market Cap: A$19.55M
See more data about MM1 stock on TipRanks’ Stock Analysis page.