Midas Resources (MDS)

Shares / Stock Code

MDS

Stock Exchange / Sharemarket

Australian Securities Exchange

Midas Resources (MDS) is an exploration company primarily searching for gold, with tenements mainly in Australia. Key projects are located in the Laverton Tectonic Zone and the Keith Kilkenny Tectonic Zone in Western Australia, as well as near Mackay in Eastern Central Queensland. Exploration companies aim to discover and delineate occurrences of metals and minerals that can be economically mined and extracted.

Midas Resources Limited listed on the Australian stockmarket (ASX) in February 2003 after $7 million IPO raising.MDS has vigorous exploration programs underway and is currently exploring for gold under 5 different projects, Lake Carey, Sunset, Conners Range, Ukalanda and Bundarra. Their main operations are within the Laverton Tectonic Zone.

MDS's major customers would include the retail, wholesale and international markets. Its competitors consist of other mining companies such as Jabiru Metals (JBL). The mining industry is a global industry, which is highly competitive. The Company is engaged in the mineral exploration in Australia and the Peoples Republic of China. The Company's subsidiaries include Midas Metals Asia Pty Ltd, Midas Mining (China) Limited, Sichuan Precious Metals Limited and Genesee Gold Mines LLC.

Midas’ strategy is to focus on our advanced gold project at Lake Carey and the new Pilbara Iron ore projects and to seek new opportunities to acquire quality gold, nickel and base metal projects that have drilled mineralisation or resources and good exploration upside.

Midas Resources (MDS) Products and Services

  • Gold exploration.

Midas Resources (MDS) Locations and Subsidiaries

Midas Resources Head Office
Level 1, 282 Rokeby Road, SUBIACO,
WA, AUSTRALIA, 6008
Phone: 08 9388 2211
Fax: 08 9388 2600

Midas Resources (MDS) Share Price

More about
Submitted by ASX Listed Company on 13 May, 2010 - 18:19

Download our FREE App


Signup for Free
Don't miss out on your free share trading articles.


Free Risk Money Management Calculator for those who sign up!