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MDKA - Posts high-grade copper drill hits at Wetar
03 February 2026
MDKA - Posts high-grade copper drill hits at Wetar Merdeka Copper Gold (MDKA) reported positive 2025 drilling results at the Kali Kuning deposit, Wetar Copper Mine, confirming high-grade copper mineralisation. The company completed 36 drill holes (2,769.7 m), with highlights including 30.0 m at 4.92% Cu and 55.7 m at 5.76% Cu, alongside gold and silver credits. MDKA will review the results to identify follow-up drilling areas as the resource remains open. (Source : Company) Comment : While there is no immediate impact on near-term earnings, the results support further resource expansion and strengthen the medium-term value proposition of the Wetar asset, and the grades reported, which are well above industry averages (<1% Cu).