Midas Minerals Intercepts High-Grade Copper at T-13 West, Otavi

The West Zone, located 500 metres west of the Main Zone, contributed only about 20% of the April 2026 mineral resource estimate, at relatively low grade. Infill drilling at 80m spacing is now turning parts of that low-grade portion into higher-grade material. An updated resource estimate for T-13 is expected by the end of calendar 2026, followed by an initial estimate for the Deblin area in Q1 2027.

Six rigs are currently operating across the project. A seventh rig arrives in July. More assay results are due imminently.

The read-through for the copper-silver exploration space is straightforward. Midas is demonstrating that wider-spaced historic drilling systematically underestimated grade continuity. The zonation pattern Calderwood described could become a vectoring tool for other explorers in the Otavi Mountain Land district, where silver-chalcocite cores have been overlooked by operators targeting only copper.

MM1 shares closed up 4.22% on Wednesday at A$0.865, giving a market capitalisation of A$200.2 million. The next catalyst is the batch of pending assays, which will determine whether the West Zone continuation matches the Main Zone’s grade profile.