MM1.ASX: Drilling defines high grade zone at T-13 West, Otavi Project

Drilling defines high grade zone at T-13 West, Otavi Project

Stock	Midas Minerals Ltd (MM1.ASX)
Release Time	8 Jul 2026, 8:23 a.m.
Price Sensitive	Yes

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Midas Minerals Announces High-Grade Copper-Silver Results at T-13 West

Key Points

High-grade copper-silver intercepts reported at T-13 West
Significant increase in copper and silver grades compared to previous estimates
Ongoing infill drilling provides excellent definition of high-grade zones

Full Summary

Midas Minerals Ltd has announced further high-grade copper and silver results from infill drilling on the T-13 Copper-Silver Deposit at its Otavi Copper Project in Namibia. The results include intercepts such as 30.1m at 5.35% CuEq from 325.6m and 27.1m at 3.98% CuEq from 307.9m. The T-13 West Zone, located 500m from the Main Zone, has shown promising results with intercepts like 31.4m at 2.58% CuEq from 335.7m. These results indicate a higher-grade core not previously defined in earlier drilling. The current Mineral Resource Estimate for the entire T-13 deposit stands at 10.5Mt at 1.6% copper and 21g/t silver. Midas currently has six rigs operating across the Otavi project, with more results pending.

Outlook

Midas Minerals expects to generate strong flow of results from resource and exploration drilling through 2H 2026. An updated Mineral Resource Estimate for the T-13 deposit is expected by the end of 2026.