MM1.ASX: High-Grade Copper-Silver Extension Confirmed at Spaatzu

High-Grade Copper-Silver Extension Confirmed at Spaatzu

Stock	Midas Minerals Ltd (MM1.ASX)
Release Time	6 Jul 2026, 8:21 a.m.
Price Sensitive	Yes

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Midas Minerals Announces High-Grade Copper-Silver Extension at Spaatzu

Key Points

Assays confirm significant copper and silver mineralisation at Spaatzu
Copper, Silver, Lead and Manganese mineralisation extends for at least 800m
Exploration activities ongoing across multiple Namibian projects

Full Summary

Midas Minerals Ltd announced significant drilling results from the Spaatzu prospect in Namibia, confirming the extension of high-grade copper and silver mineralization. Assays from SPRC062 returned 52m at 1.19% Cu and 8.7g/t Ag, including 30m at 1.87% Cu and 12.7g/t Ag. The mineralisation extends for at least 800m along a WNW-trending fault. Diamond drilling has commenced to understand structural controls. Midas also reported encouraging results from the Khorixas West Project, with rock chip samples returning up to 30.8% Cu, 4.26g/t Au, and 149g/t Ag. Midas has six drill rigs operating across its Namibian projects, with further results pending.

Outlook

Midas Minerals is optimistic about the potential of its Namibian projects, with ongoing exploration expected to provide further insights into the mineralisation at Spaatzu and other prospects.