Latest Midas Minerals (ASX:MM1) News

Speculation ran hottest in junior resources, where drilling hits, study results and funding deals drove some extreme weekly moves. Rare earths, gold and dealmaking set the pace, while several capital raisings and acquisitions produced mixed reactions.

Midas Minerals’ initial diamond drilling at the Deblin deposit within Namibia’s Otavi Copper Project reveals two wide zones of visible copper sulphides, underscoring the project’s exploration potential ahead of assay results expected in September 2026.

Small caps drove the week, with battery, resources and education names posting the biggest gains. Deal news, funding rounds and fresh drilling plans kept traders busy, while a few discounted raisings hit hard.

Small-cap materials stocks swung hard as buyers chased project funding, processing breakthroughs and new drill results. The biggest moves came from energy infrastructure, greenfields deals and uranium, while gold and copper stories kept the sector busy.

Midas Minerals extends high-grade copper and silver intercepts at Namibia’s T-13 deposit, reinforcing resource continuity ahead of a planned update later this year.

Battery tech, biotech and balance-sheet repair drove the biggest gains this week, while guidance cuts and weak post-halt trading hurt several names. Deal-making and fresh equity funding stayed busy, especially in rare earths, defence and gold.

Coal, gold and critical minerals names drove the biggest share moves this week, but strong project news did not always lead to lasting gains. Several stocks jumped on funding, deals and study results, while others gave back early gains as traders locked in profit or worried about dilution.

Midas Minerals has reported new high-grade copper and silver intercepts from infill drilling at its T-13 Deposit in Namibia, confirming continuity and expansion potential of the mineralisation. An updated resource estimate is anticipated later this year.

Gold explorers and small-cap tech names drove the biggest share price swings this week, while one healthcare stock sank after a deeply discounted funding move. Deals, drill hits and fresh financing dominated trading across the ASX.

Gold stories drove the week, but the biggest jumps came from drill hits and project studies that gave investors a reason to chase smaller names. At the larger end, merger activity and fresh funding kept attention on producers that want to get bigger, faster.

Midas Minerals has delivered its highest-grade copper and silver intercepts yet at the T-13 deposit in Namibia, with ongoing drilling poised to expand resources and accelerate exploration.

Midas Minerals has unveiled an initial inferred resource of 10.5Mt at 1.6% copper and 21g/t silver for its T-13 deposit in Namibia, alongside a $28 million placement to accelerate drilling and feasibility studies.