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Midas Minerals Ltd ASX:MM1

0 opened or increased2 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 2 managers in total.

Position history by manager 2 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

8 Apr 2026 to today

Commentary Showing 2 of 3

DateManagerActionSummary

15 Jul 2026Acorn CapitalHeldAcorn Capital continues to hold Midas Minerals because the company is advancing a copper-silver discovery in Namibia, and portfolio manager Squire, having visited the project earlier this year, cites the quality of the drill results combined with Namibia's attractive mining jurisdiction as making it one of the more exciting emerging copper stories.

Article, price recorded $0.82

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26 Jun 2026Lowell Resources Funds ManagementHeldLowell Resources Funds Management continues to hold Medallion Metals (discussed under Midas Minerals Ltd) because the company has defined a ~400,000 oz gold reserve at Ravensthorpe WA with a granted mining licence and is ready to mine. Lowell notes the company's innovative processing strategy — acquiring the closed Forestania nickel plant for zero cash consideration in exchange for taking on IGO's ~$35 million environmental rehabilitation liability — substantially reduces capex and avoids cyanide permitting and land offset requirements. Rehabilitation obligations include demolition, soil remediation, tailings storage and waste rock capping, and 5–10+ years of post-closure monitoring.

Gold MiningWebinar, price recorded $0.91

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 2 managers first commented on MM1.

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About Midas Minerals Ltd

Materials, Metals and Mining

Midas Minerals (ASX:MM1), a copper explorer in Namibia, is a pick for Acorn Capital after site visits. In July 2026, Acorn's Rick Squire said Midas is advancing a copper-silver discovery in Namibia, noting that after visiting the project the quality of drill results impressed him. In April 2026, Acorn named Midas its pick, describing it as a copper explorer with silver credits in southern Africa with good infrastructure. Midas Minerals operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 3 comments from 2 fund managers, including Acorn Capital. Established in 2018 and headquartered in West Perth, Midas Minerals explores for copper, silver and critical minerals in Namibia and Australia, advancing a sediment-hosted copper-silver discovery in Namibia's prolific Kalahari Copper Belt. Some commentary linked to this ticker refers to a different company and has not been used here.

Market cap: $232m
Price to earnings: Loss-making
Return on equity: -21.6%
Dividend yield: 0.0%
Price to book: 13.28x
52-week range: $0.35 to $1.41

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Midas Minerals Ltd (ASX:MM1)?

Fund managers including Acorn Capital and Lowell Resources Funds Management have invested in Midas Minerals Ltd (ASX:MM1).

What opportunities or catalysts do fund managers highlight for Midas Minerals Ltd?

Acorn highlights high-quality drill results at Midas' Namibian copper-silver discovery and good regional infrastructure.

What are the key risks to the Midas Minerals Ltd investment thesis, according to fund managers?

The available commentary does not detail specific risks, though Midas is an early-stage explorer facing drilling, funding and sovereign risks in Namibia.

What does Midas Minerals Ltd (ASX:MM1) do?

Midas Minerals Ltd. is an Australia-based exploration company established on March 23, 2018. Headquartered in West Perth, the firm specializes in the identification and development of lithium and iron ore resources. The company’s primary project portfolio includes the Cowan Lithium Project, the Yallari Lithium Project, and the Mofe Creek Iron Ore Project. Midas Minerals focuses on advancing these assets to drive mineral resource growth.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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