Midas Minerals Ltd (ASX:MM1)

Company's Profile

Midas Minerals Limited is an Australia-based junior mineral exploration company with a primary focus on copper and precious metals. The Company’s projects include the Newington Project, Challa Gold, Nickel-Copper-PGE Project, Reid-Aylmer Project, Otavi Project, and Greenbush Lithium Project. The Reid-Aylmer Project has mineral claims totaling about 157 square kilometers (km2) located northeast of Yellowknife, in the Northwest Territories of Canada. The Greenbush lithium project covers over 102km2 and is located 12km east of Highway 599, about 95km north of Savant Lake and 70km south of Pickle Lake. The Newington Lithium-Gold Project has 212km2 of tenements located at the north end of the Southern Cross greenstone belt. Its Challa Gold, Nickel-Copper-PGE encompasses over two exploration licenses and three license applications totaling 860 km2. It has an agreement to acquire the 1,776km2 high-grade Otavi Copper Project and holds an option over the 194km2 South Otavi Project in Namibia.