Midas Minerals Limited has returned further high-grade copper intercepts from resource drilling at the Deblin deposit within the Otavi Copper Project in Namibia.

The latest assay results include hole DBDD002, which intersected 10.9 metres at 5.10% copper from 362.5 metres depth, including a 5.7-metre interval grading 8.85% copper from 365.4 metres. The intersection sits approximately 70 metres up dip of hole DBDD001.

“Drilling at Deblin is showing an extensive area near the contact between volcanics and dolomite to be mineralised over a width of +/-10m with sub-zones showing significant blow-outs in width and/or strong grades (incl. 35.6m at 3.35% Cu plus 17.7m at 3.21% Cu, 10.9m at 5.10% Cu, 15m @ 4.15% Cu and 17m at 1.72% Cu) as demonstrated by DBDD001, DBDD002 and prior drill holes 2 NDDH 9 and NDDH 11.”

— Mark Calderwood, Managing Director

Midas operates two diamond rigs at Deblin and expects a third diamond rig to arrive within a month to scale up operations. Across the wider Otavi project, the company runs seven active rigs with plans to expand to nine rigs. Assay results remain pending for eight core holes and 12 reverse circulation holes at Deblin.

The company is targeting an updated Mineral Resource estimate for the T-13 deposit alongside maiden Mineral Resource estimates for Deblin and Spaatzu in the first quarter of calendar 2027. Midas held A$29.2 million in cash as of June 30, 2026, to fund ongoing exploration and drilling programs.

Read the full announcement: Further High-Grade Copper Intercepts at Deblin