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11 stories mentioning ASX:MM1Updated 4h ago

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Asia

Midas Minerals Intersects Further High-Grade Copper at Namibia Project

Midas Minerals (ASX:MM1) intersected further high-grade copper intercepts from diamond and reverse circulation drilling at the Deblin deposit on the Otavi project in Namibia, according to a Monday filing with the Australian bourse.Drilling returned nearly 11 meters at 5.1% copper from 363 meters, including 5.7 meters at nearly 8.9% copper from 365 meters, 12 meters at almost 1.7% copper from 162 meters, including eight meters at nearly 2.2% copper, from 162 meters, 8.3 meters at over 1.8% copper from 374 meters, including six meters at over 2.2% copper from 375 meters, the filing said.Further assays are anticipated, involving eight core holes and 12 reverse circulation holes, with results yet to be reported, per the filing.

ASX:MM1
Asia

Midas Minerals Identifies High-Grade Copper-Silver Mineralization at Namibia Project, Shares at All-Time High

Midas Minerals (ASX:MM1) identified high-grade copper-silver mineralization during recent drilling at its Spaatzu Prospect at its Otavi copper project in Namibia, according to a Monday Australian bourse filing.The results were up to 41 meters at 1.13% copper and 33.4 grams per tonne silver from 19 meters, including 20 meters at over 1.8% copper and 63.4 grams per tonne silver from 39 meters, representing the most consistent mineralization encountered to date at Spaatzu with intercepts close to true width, the filing added.The drill-tested copper-silver mineralization zone at Spaatzu now extends for at least 1,200 meters of strike, with an initial resource for Spaatzu and Deblin and an updated T-13 resource expected in the first quarter of 2027, it added.The company's shares rose 5% in recent Monday trade, reaching an all-time high.

ASX:MM1
Asia

Midas Minerals Identifies High-Grade Gold Mineralization at Namibia Project's Deblin Deposit

Midas Minerals (ASX:MM1) identified high-grade gold mineralization during recent drilling at its Deblin deposit on the Otavi Copper Project in Namibia, according to a Monday Australian bourse filing.The results were up to 35.6 meters at 3.4% copper, 6.1 grams per tonne silver and 0.19 grams per tonne gold from 367 meters, the filing said.Two diamond rigs and a reverse circulation (RC) rig are currently drilling at Deblin, with an additional diamond drill rig expected to arrive in August as the RC rig moves to nearby regional prospects, it added.The company's shares fell almost 1% in recent Monday trade.

ASX:MM1
Wire

Midas Minerals Says Drilling at Namibia Copper-Silver Deposit Defines, Refines Mineralization

Midas Minerals (ASX:MM1) said drill holes on the Main and West zones on the T-13 copper-silver deposit at its Otavi copper project in Namibia continue to define and refine high-grade mineralization, according to a Wednesday Australian bourse filing.The company encountered intercepts of 30.1 meters at 5.4% grade of copper-equivalent, including 4% grade of copper and 71.2 grams per tonne (g/t) grade of silver from 325.6 meters, as well as 15.5 meters at about 5% grade of copper equivalent, including 4.3% grade of copper and 35.1 g/t grade of silver from 114.8 meters from the Main zone.It also encountered 31.4 meters at 2.6% grade of copper equivalent, including 1.9% grade of copper and 37.1 g/t grade of silver from 335.7 meters from the West zone. Results from the West zone reveal a higher-grade core not defined in earlier drilling, per the filing.Midas Minerals' shares rose past 2% in recent trading on Wednesday.

ASX:MM1
Asia

Midas Minerals Says Namibia Prospect Drilling Confirms Copper, Silver Mineralization

Midas Minerals (ASX:MM1) said drilling at the Spaatzu prospect at its Otavi copper project in Namibia confirmed significant copper and silver mineralization, according to a Monday Australian bourse filing.It encountered intercepts of 52 meters at 1.19% grade of copper, 8.7 grams-per-tonne grade of silver, 1.93% grade of lead from 148 meters, as well as 16 meters at 0.76% grade of copper, 26.8 g/t grade of silver, 2.36% grade of lead, 215 parts-per-million grade of molybdenum from 205 meters.It also began exploration on the Khorixas West project, with rock chip sampling returning values up to 30.8% grade of copper, 4.26 g/t grade of gold, and 149 g/t grade of silver.

ASX:MM1
Asia

Midas Minerals Says Infill Drilling at Namibia Copper-Silver Deposit Continues to Define Zone, Shares Up 7%

Midas Minerals (ASX:MM1) said infill drilling at the T-13 copper-silver deposit at the Otavi copper project in Namibia continues to define and refine the high-grade zone, according to a Monday Australian bourse filing.It encountered intercepts including 51.4 meters at 2.18% grade of copper-equivalent, including 1.68% grade of copper and 26.6 grams per tonne grade of silver from 269 meters, as well as 61 meters at 1.95% grade of copper-equivalent, including 1.53% grade of copper and 22.2 g/t grade of silver, from 282 meters.Midas also commenced resource drilling at the Deblin deposit and is preparing to drill at several untested targets across Otavi through the second half.Its shares rose 7% in recent trading on Monday.

ASX:MM1
Asia

Forrestania Resources to Acquire Midas Minerals (Newington)

Forrestania Resources (ASX:FRS) struck a deal to acquire Midas Minerals (ASX:MM1) unit Midas Minerals (Newington) for upfront consideration of AU$1.5 million worth of Forrestania shares, according to a Monday filing with the Australian bourse.Midas Minerals (Newington) owns a portfolio of 10 granted mining and exploration tenements in Western Australia, comprising gold interests across the Newington project area.Forrestania said additional success-based deferred consideration will be payable at the achievement of milestones linked to resource growth and development, including but not limited to AU$1 million when a formal decision is made to mine on any of the project tenements. The deferred consideration can be settled in cash or Forrestania shares.The deal is subject to regulatory and third-party approvals, and is expected to be completed within the coming weeks, per the filing.

ASX:FRSASX:MM1
Asia

Midas Minerals Intersects High-Grade Mineralization at Namibia Copper-Silver Deposit

Midas Minerals (ASX:MM1) confirmed a higher-grade zone at the T-13 copper-silver deposit within the Otavi copper project in Namibia based on assays from six infill holes, according to a Thursday Australian bourse filing.The intercepts include 46.2 meters at 4.01% grade of copper equivalent, including 2.55% grade of copper and 77 grams per tonne grade of silver from 193.2 meters, as well as 41.9 meters at 3.70% grade of copper equivalent, including 2.58% grade of copper and 59.5 g/t grade of silver from 239.4 meters.The firm has five drilling rigs operating on the Otavi project, with two diamond rigs at T-13, one reverse circulation drill rig and one diamond drill rig at Deblin, and one reverse circulation drill rig at Spaatzu, with plans for another core rig to commence shortly.Shares of the firm rose 2% in recent trading on Thursday.

ASX:MM1
Asia

Midas Minerals Says Infill Drilling at Namibia Copper-Silver Deposit Returns High-Grade Intercept; Shares Soar 8%

Midas Minerals (ASX:MM1) said preliminary assays for the initial nine infill holes drilled on the T-13 copper-silver deposit at the Otavi copper project in Namibia returned high-grade intercepts, according to a Monday Australian bourse filing.This included the best interval at the deposit to-date of 50 meters at 5.6% grade of copper and over 125 grams per tonne grade of silver, or over 7.9% grade of copper-equivalent from 194 meters.Two reverse circulation drills are operating at the Spaatzu prospect, per the filing.The company's shares soared 8% in recent trading on Monday.

ASX:MM1
Asia

Midas Minerals Says Initial Inferred Mineral Resource Estimate Completed For Namibia Copper-Silver Deposit, Shares Jump 5%

Midas Minerals (ASX:MM1) said it completed an initial inferred mineral resource estimate for the T-13 copper-silver deposit on the Otavi copper-silver-gold project, Namibia, according to a Thursday Australian bourse filing.The estimate clocked in at 10.5 million tonnes at 1.6% grade of copper, 21 grams per tonne grade of silver, containing 169,000 tonnes of copper and 7.1 million ounces of silver or 2% grade of copper-equivalent for 211,000 tonnes of copper-equivalent.The estimate was based on pre-acquisition drilling only, and it began a multi-rig drilling program to define further resources on additional target areas and to potentially increase resources on the T-13 deposit.The firm said it received firm commitments for a AU$28 million single-tranche placement at AU$0.75 per share, according to a separate filing. It will issue 37.3 million new fully paid ordinary shares under the placement under its existing capacity.It will use proceeds to expand exploration and drilling, begin initial feasibility work at the Otavi project, and for working capital.Its shares rose 5% in recent trading on Thursday.

ASX:MM1
Asia

Midas Minerals Says Drilling at Namibia Prospect Intercepts Copper-Silver Mineralization, Shares Fall 6%

Midas Minerals (ASX:MM1) said drilling at the Spaatzu prospect within the Otavi copper project in Namibia intercepted significant copper and silver mineralization, according to a Monday Australian bourse filing.Portable X-ray fluorescence readings from a drill hole included a 32-meter interval with readings averaging 1.8% grade of copper and 11 grams-per-tonne grade of silver from 152 meters, within a 52-meter mineralized interval. It also hit an intercept of 13 meters at 1.77% grade of copper and a 39.5 g/t grade of silver from 72 meters.Further drilling is required to delineate the full extent of mineralization and understand structural and lithological controls, it said.Its shares fell 6% in recent trading on Monday.

ASX:MM1

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