Midas Minerals Ltd (ASX:MM1)
Midas Minerals Ltd (ASX:MM1) is an emerging mineral exploration company focused on advancing projects in the highly prospective Yilgarn Craton of Western Australia. The Company has 3 projects:
Weebo Gold Project
Almost 200 sq km of tenements near Thunderbox Gold Mine. These tenements returned significant prior drill results but have seen limited work in the past 20 years.
Challa Gold, Nickel-Copper-PGE Project
Approx 860 sq km of tenements with limited but successful exploration to date, comprised of gold, PGE, nickel-copper and other base metal mineralisation.
Sunset Gold Project
A 1.2 sq km tenement over an historic gold mine which has never been drilled.
Midas Minerals primary focus is gold however, Weebo is also prospective for nickel and Challa project has demonstrated potential for platinoids, copper, nickel, base metals, silver and lithium.
The Company's projects are located close to processing facilities and contain drill-ready targets based on prior exploration success or historic gold production.
These projects also have prospective areas that remain essentially unexplored due to prior fragmented or private ownership.