Midas Minerals is a junior mineral exploration company with a primary focus on lithium and gold.
Midas’ Board has a strong track record of delivering value for shareholders through mineral discoveries and mine development and growing microcap explorers into successful ASX 100 – ASX 300 companies.
Midas’ Management Team has extensive experience in lithium and gold exploration, mine development and production in Australia and internationally.
The Company has several advanced exploration projects in Western Australia and Ontario, Canada. The team is applying its extensive lithium credentials to supplement the portfolio with further lithium projects.
Yellowknife Lithium Project, The Company can earn up to 80% of 718km2 of project near Yellowknife City, Northwest Territories. Large numbers of pegmatites associated with multiple fertile granite intrusions of Slave Cration. Exploration has commenced to map and sample pegmatite swarms.
Greenbush Lithium Project, Ontario, 102km2 of tenements located proximal to infrastructure, with little outcrop and no historic drilling. A single 15m channel sample across a 15m wide spodumene pegmatite outcrop averaged 1.25% Li2O representing an excellent drill target.
Newington Gold, Lithium Project, 316km2 of tenements located at the north end of the Southern Cross and Westonia greenstone belts, prospective for lithium and gold. Exploration in 2022 has outlined anomalous lithium and LCT indicator elements over at least 20km strike. Initial drilling intercepted pegmatites that are laterally extensive, wide and gently dipping.
The project also has a number of gold targets and includes significant prior drill intercepts that justify follow-up exploration.
Weebo Gold Project, Tier 1 location within the Yandal greenstone belt with 323km2 of tenements between the Thunderbox and Bronzewing gold mines, prospective for gold and nickel. Drilling in 2022 intercepted significant gold mineralisation on several prospects.
A number of additional gold and nickel geochemical and geophysical anomalies have been defined, the Company plans to drill test these in 2023.
Challa Gold, Nickel-Copper-PGE Project, 907km2 of tenements with limited but successful exploration to date. A number of significant PGE and gold-copper exploration targets have been defined and drilling is expected to commence in 2023.