MM1.ASX: First drilling at Deblin intersects visual Cu mineralisation

First drilling at Deblin intersects visual Cu mineralisation

Stock	Midas Minerals Ltd (MM1.ASX)
Release Time	29 Jun 2026, 9:12 a.m.
Price Sensitive	Yes

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Midas Minerals Announces Visual Copper Mineralisation at Deblin

Key Points

First drilling at Deblin intersects visual copper mineralisation
DBDD001 intercepts 37m copper mineralised interval at 367m to 404m
DBDD002 and DBDD003 intercept chalcopyrite, bornite, and chalcocite
Assay results expected in the September quarter

Full Summary

Midas Minerals Ltd has completed the first diamond drill holes at the Deblin deposit on its Otavi Copper Project in Namibia, intersecting visual copper mineralisation. Drill hole DBDD001 intersected two wide zones of strong visible copper sulphide mineralisation, comprising a 37m interval from 367m to 404m and a 20m interval from 427m to 447m. Drill holes DBDD002 and DBDD003 also intercepted chalcopyrite, bornite, and chalcocite in variable quantities over 30m to 50m intervals respectively. Midas is processing and sampling the Deblin drill core, with assay results expected during the September quarter. Midas has six rigs operating on the Otavi project, with an updated Mineral Resource Estimate for T-13 expected by the end of 2026, and an initial MRE for Deblin anticipated in early 2027.

Guidance

Midas Minerals expects assay results for Deblin drilling in the September quarter.

Outlook

Midas Minerals is optimistic about the prospectivity and resource potential at Deblin, with plans to complete systematic drilling within the 1.1km resource target corridor over the coming months.