Spaatzu Prospect Delivers 26m at 1.37% Copper and 31g/t Silver in Latest Drilling
Midas Minerals has reported further high-grade copper and silver drill results from its Spaatzu Prospect in Namibia, expanding the promising mineralisation footprint at the Otavi Copper Project. With resource estimates for the nearby T-13 deposit imminent, the company is advancing its exploration momentum in a mining-friendly jurisdiction.
- Significant shallow copper-silver intercepts at Spaatzu including 26m at 1.37% Cu and 31.1g/t Ag
- 56 reverse circulation holes completed, testing 1.0km strike with over 40 holes pending results
- Initial Mineral Resource Estimate for T-13 deposit expected this quarter
- Spaatzu MRE planned for late 2026 to complement T-13 resource
- Otavi Project located in Namibia, a stable and highly ranked mining jurisdiction
Expanding High-Grade Discoveries at Spaatzu
Midas Minerals Limited (ASX: MM1) has announced encouraging new drill results from its Spaatzu Prospect, part of the broader Otavi Copper Project in Namibia. The latest reverse circulation drilling has revealed further shallow, high-grade copper and silver mineralisation, with standout intercepts including 26 metres at 1.37% copper and 31.1 grams per tonne silver starting from just 45 metres depth. These results build on a recent discovery hole that returned 44 metres at 1.36% copper and 36.8 grams per tonne silver, underscoring the prospect’s growing significance.
To date, Midas has completed 56 holes totaling over 6,000 metres at Spaatzu, testing approximately one kilometre of strike length. Results remain pending for more than 40 additional holes, indicating that the full extent of mineralisation is yet to be defined. The company’s drilling program continues to refine geological understanding, revealing both structurally controlled higher-grade zones and broader, lower-grade stratabound mineralisation.
Strategic Positioning Near T-13 Deposit
Located just 12 kilometres west of the high-grade T-13 copper-silver deposit, Spaatzu benefits from proximity to an established mineralised system. Midas currently operates two diamond core rigs at T-13, with resource drilling underway and initial Mineral Resource Estimates (MRE) expected this quarter. The Spaatzu MRE is targeted for later in 2026, aiming to complement and potentially expand the company’s resource base within the Otavi Project.
Additional exploration is also ongoing at the Merwe Prospect, situated 5 kilometres northeast of T-13, where reverse circulation drilling continues. This multi-pronged approach highlights Midas’ commitment to unlocking the full potential of the Otavi region, which remains underexplored despite its rich mineral endowment.
Namibia: A Premier Mining Jurisdiction
Namibia ranks highly among African mining jurisdictions, praised for its political stability, transparent regulatory framework, and robust infrastructure. The country’s mining sector is a key contributor to GDP and foreign earnings, supported by a skilled workforce and favourable fiscal terms. Midas’ Otavi Project benefits from these conditions, providing a solid foundation for advancing exploration and eventual development.
The Otavi Copper Project itself covers approximately 1,776 square kilometres and hosts historic shallow, high-grade copper intercepts, including a notable 17.2 metres at 7.24% copper and 144.4 grams per tonne silver reported last year. Modern exploration has only covered a fraction of the tenure, leaving significant upside for new discoveries.
Looking Ahead
With drilling ongoing and multiple rigs active across the Otavi Project and adjacent prospects, Midas Minerals is well-positioned to advance its resource definition and exploration success. The upcoming resource estimates for T-13 and Spaatzu will be critical milestones, potentially reshaping the company’s valuation and strategic outlook. Investors and analysts will be watching closely as Midas continues to unlock value in one of Africa’s most promising copper-silver provinces.
Bottom Line?
Midas Minerals’ expanding high-grade discoveries at Otavi signal a compelling growth trajectory, with resource milestones set to define the next phase.
Questions in the middle?
- How will the pending drill results from Spaatzu and Merwe influence the upcoming resource estimates?
- What are the potential scale and economic implications of the combined T-13 and Spaatzu mineral resources?
- How might Namibia’s mining policies and infrastructure developments impact Midas’ project advancement?
