Australian mining company Midas Minerals has reported another round of high-grade copper and silver drill results from its Otavi Copper Project in Namibia, strengthening investor expectations that the southern African country could be home to one of the region’s more significant undeveloped copper discoveries.
The latest drilling campaign at the T-13 Copper-Silver Deposit revealed wide zones of high-grade mineralisation, with several intercepts exceeding 4% copper equivalent across substantial widths, as the company accelerates efforts to expand the project's scale.
Among the most significant results was a 46.2-metre intercept grading 4.01% copper equivalent from a depth of 193.2 metres in drill hole T13DD009. The hole also contained higher-grade sections, including 9.7 metres grading 6.55% copper equivalent and 10.6 metres at 7.45% copper equivalent.
Another drill hole, T13DD013, intersected 41.9 metres grading 3.70% copper equivalent, including a particularly rich interval of 11.6 metres at 7.90% copper equivalent.
The results are adding momentum to growing interest around Namibia’s copper sector at a time when global mining companies and investors are aggressively searching for new supplies of critical minerals needed for electric vehicles, renewable energy infrastructure and battery technologies.
