Midas Minerals Commences Drilling at Namibia Copper Project

MT Newswires Live

2025/12/01

Midas Minerals (ASX:MM1) said it has deployed two diamond drill rigs to the high-grade T-13 copper and silver deposit at its Otavi copper project in Namibia, according to a Monday Australian bourse filing.

The company has also deployed a reverse circulation rig to the Spaatzu prospect of the project, while drilling on the Deblin copper-silver-gold deposit is planned to start in early 2026, the filing added.

The company expects initial results in January 2026 for the 140 reverse circulation holes drilled on the nearby South Otavi project gold and copper prospects.

The company said it remains well-funded for this accelerated exploration program, with about AU$15.3 million in cash at Sept. 30.

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