Midas Minerals: Driving Exploration Growth

Midas Minerals Limited (ASX: MM1) is a junior exploration company focused on copper, precious metals, and lithium. The company recently secured AU$11.5 million through a strongly supported placement at AU$0.37 per share. The raised capital will be directed toward completing the Otavi Copper Project acquisition in Namibia and accelerating drilling and exploration efforts at both Otavi and the neighboring South Otavi Project. A 3,000m drill program is already underway at South Otavi, targeting extensive copper and gold anomalies.

Midas holds a diversified portfolio across Australia, Namibia, and Canada. In Western Australia, the Newington and Challa projects are prospective for gold, nickel, copper, and PGEs. In Canada, the company is progressing lithium projects including Reid-Aylmer and Greenbush. Historic high-grade drill results and early discoveries highlight the significant upside across its assets. Backed by an experienced management team, Midas is strategically positioned to unlock resource potential and deliver long-term growth through exploration success and project development.

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