Midas Minerals (ASX: MM1): What’s Hiding Beneath Namibia’s Copper Belt?
There’s a reason Midas Minerals is among the best gold companies to invest in. It is moving fast in Namibia. With just 40 percent of its newly acquired 1,776km² Otavi Project explored, the results already speak volumes.
- $6.5 million raised to fast-track drilling
- Historic hits like 17.2m at 7.24% Cu and 144.4g/t Ag
- Walk-up targets, open mineralisation, zero production to date
And that’s just the beginning.
A neighbouring 195km² South Otavi zone, just 25km from the 3Moz Otjikoto gold mine, is showing an 8km copper target and 6km gold anomaly. Soil sampling has already confirmed copper in place. Trenching is live. Drilling comes next.
- Over $20M in historic spend, 56km of drill core ready for reinterpretation
- World-class infrastructure includes sealed highways, stable power and water supply, and convenient access to a smelter
- A team that’s taken explorers to ASX100 status, holding real equity
Drilling is expected to start as early as Q3 2025. Targets are defined. News flow is expected to move quickly.
So, here’s the question: What’s still hiding under this untouched terrain?
High grades near surface, wide intercepts, a proven geological setting and a country ranked top 4 in Africa for mining investment. For those watching the copper supply story unfold, Otavi could soon shift from potential to spotlight.
The groundwork is set. The scale is real. Now the drills are coming.
Resolute Mining (ASX/LSE: RSG): Is Côte d’Ivoire the Next Gold Growth Engine?
Resolute Mining is among the top gold companies making a bold pivot. The company has signed a US$150 million deal to acquire the Doropo and ABC gold projects in Côte d’Ivoire, signalling a major shift in its growth trajectory.
- Doropo brings 1.88 million ounces in gold reserves, with a 10-year DFS already in place
- ABC has added an inferred resource of 2.16 million ounces, positioning the project for further exploration.
- Combined, these projects could lift group production beyond 500,000 ounces per year
Doropo is fully permitted for environmental impact, with first gold targeted by mid-2028. The project is planned to deliver an annual production of 167,000 ounces at an all-in sustaining cost of US$1,047 per ounce. A 34 percent post-tax IRR and a 2.1-year payback period outline a low-cost, high-margin development.
- No external equity needed as funding is backed by internal cash flow and existing liquidity
- Net cash stands at US$100 million with over US$185 million in total available funds
- Final investment decision anticipated by late 2025
As part of the deal, Resolute will transfer its Guinean exploration permits to AngloGold, concentrating its focus on Côte d’Ivoire. The ABC Project, though at an earlier stage, holds high-grade drilling potential that could reshape its future profile.
Why is Resolute choosing to scale here, now?
Strong margins, regulatory support and a proven mining jurisdiction make Côte d’Ivoire a compelling target. And if upcoming exploration uncovers what the data suggests, this acquisition may look less like diversification and more like discovery.
(Source: Company Announcements)
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