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How Will Midas Unlock Value from Namibia’s High-Grade Otavi Copper Project?
2:22am on Monday 2nd of June, 2025 AEST
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Mining
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How Will Midas Unlock Value from Namibia’s High-Grade Otavi Copper Project?
2:22am on Monday 2nd of June, 2025 AEST
Key Points
Acquisition of 1,776 km² Otavi Copper Project from Nexa Resources
Notable deposits include T13 and Deblin with high-grade copper and precious metals
Initial US$3 million upfront payment with deferred milestone-based cash payments
1% net smelter return royalty granted to Nexa, with buy-back option
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