Midas Minerals is a junior mineral exploration company with a primary focus on copper, and precious metals. Midas’ Board and management has a strong track record of delivering value for shareholders through mineral discoveries and mine development and growing microcap explorers into successful ASX100-ASX300 companies.
Midas recently signed an agreement to acquire the Otavi Project in Namibia.
The Company also holds the Newington and Challa Projects in Western Australia, as well as two lithium projects in Canada.
Otavi Project: As announced on 16 May 2025 Midas has entered into an agreement to acquire the ~1,776km2 high-grade Otavi Copper Project and holds an option over the ~194km2 South Otavi Project in Namibia. The Otavi Project has exceptional exploration upside, with an abundance of historic shallow, high-grade drill intercepts including 17.2m at 7.24% Cu and 144.4g/t Ag, and significant untapped potential for future discoveries due to modern exploration covering <40% of the tenure. Midas is actively preparing to commence drilling immediately upon completion of the acquisition.
Newington Project: 212km2 of tenements located at the north end of the Southern Cross greenstone belt, which are highly prospective for gold and lithium.
The project has significant prior gold production and significant drill intercepts on existing mining leases including 4m at 16.6g/t and 2m at 17.5g/t (refer ASX release dated 29 April 2025) and Midas has identified a number of undrilled targets.
Challa Gold, Nickel-Copper-PGE Project: 848km2 of tenements with limited but successful exploration to date. A number of significant PGE and gold-copper exploration targets have been defined. Significant rock chip samples by Midas include 3.38g/t 2PGE from Cr rich horizon within gabbro, 16.3g/t Au and 6.65% Cu from gabbro with veining and 16.15% Cu and 566g/t Ag from a copper rich gossan (refer to ASX release dated 8 October 2024).
Reid-Aylmer Project: The Company has 100% of mineral claims totalling 157km2 located northeast of Yellowknife, in the Northwest Territories of Canada. Initial limited exploration has resulted in the discovery of multiple pegmatites which contains abundant spodumene (refer to ASX release dated 27 August 2024).
Greenbush Lithium Project: 13.1km2 of mining claims located proximal to infrastructure, with little outcrop and no historic drilling. A 15m by 30m spodumene bearing pegmatite outcrop was discovered in 1955 and initial sampling by Midas has returned results up to 3.8% Li₂O from the main outcrop and surrounds (refer ASX release dated 13 July 2023).