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+9.52%
Close of 9 Nov 2026, in AUD
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About Midas Minerals
Its shares trade on ASX under the ticker MM1.AX. It has been listed since 7 September 2021. In the fiscal year to 31 December 2022, it reported revenue of A$16,490 and a net loss of A$1.8m. At that date it held total assets of A$7.7m and shareholders' equity of A$7.3m.
Midas Minerals Ltd. engages in the exploration of lithium and iron ore. Its projects include Cowan Lithium; Yallari Lithium; and Mofe Creek. The company is headquartered in Perth, Western Australia. The company went IPO on 2021-09-07. The firm has a portfolio of prospective lithium and gold-copper-nickel-platinum group elements (PGE) projects in the tier-one Goldfields region of Western Australia. Its projects include Newington Gold-Lithium Project, Greenbush Lithium Project, Weebo Gold Project and Challa Gold, Nickel-Copper-PGE Project. Its Newington Project comprises over 13 tenements and tenement applications totaling approximately 316 square kilometers (km2) located at the north end of the Southern Cross Greenstone Belt. The Greenbush lithium project covers over 102 km2 and is located approximately 12 km east of Highway 599, about 95 km north of Savant Lake, and 70 km south of Pickle Lake in the district of Thunder Bay, Ontario. Weebo Gold Project is located near Leinster, Western Australia, and covers approximately 323 km2, comprising an option over 181 km2 of tenements and one 100% owned exploration license of 142 km2.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Materials
- Industry
- Metals & Mining
- Listed since
- 7 Sept 2021
- Website
- midasminerals.com ↗
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Midas Minerals Ltd holds a portfolio of prospective lithium projects in Western Australia.
- The Newington Project comprises over 13 tenements totaling approximately 316 square kilometers.
- The Weebo Gold Project covers approximately 323 square kilometers near Leinster.
Weaknesses
- The Greenbush lithium project is located in Ontario, Canada, far from the headquarters.
- The company operates in the Materials sector, which faces commodity price volatility.
- The firm has a limited number of listed projects compared to major miners.
Opportunities
- The tier-one Goldfields region offers high potential for discovering new mineral deposits.
- Lithium demand growth supports the exploration value of the Cowan Lithium project.
- Iron ore exploration adds diversification to the company's primary lithium focus.
Threats
- Exploration results for the Mofe Creek project remain unverified and uncertain.
- Regulatory changes in Western Australia could impact tenement applications and licenses.
- Fluctuating metal prices may reduce the economic viability of the Yallari Lithium project.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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