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Minerals 260 Limited (ASX:MI6)

ALERT: Price-sensitive ASX Announcement for MI6
Current share price for MI6 : $0.735 -0.04 (-5.16%)+
Announcement
Release
9 Jun 2026 8:35AM
Price at Release
$0.775
Full Release
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Summary
Minerals 260 Limited has released positive results from its ongoing drilling at the Bullabulling Gold Project, Western Australia, aimed at supporting resource growth and upgrading the Mineral Resource Estimate. The project, comprising Bacchus, Phoenix, Dicksons, and Kraken deposits, continues to show continuity of mineralisation with several high-grade gold intercepts. The company plans to finalize its Pre-Feasibility Study by July 2026 and has begun a 26,000m grade control program to ensure production readiness. Ongoing efforts focus on converting Inferred Resources to an Indicated status and exploring further resource extensions, emphasizing the Bullabulling trend's potential.
Key Points
  • Minerals 260 Limited reports successful drilling results at the Bullabulling Gold Project.
  • The project is located 25km west of Coolgardie, Western Australia, and encompasses the Bacchus, Phoenix, Dicksons, and Kraken deposits.
  • Current drilling aims to confirm mineralisation continuity within the 4.5Moz Mineral Resource Estimate and explore extensions beyond it.
  • 83 drill holes totaling 19,073m have returned promising results, including 2m at 31.7g/t Au and 15m at 3.8g/t Au.
  • The drilling campaign targets converting Inferred Resources to Indicated classification, and supports the Maiden Ore Reserve and Pre-Feasibility Study slated for July 2026.
  • A 26,000m grade control drilling program has commenced to aid production readiness and mine planning.
  • The Bullabulling Gold Project comprises several tenements with ongoing exploration for resource growth.
  • The project is fully owned by Minerals 260 Limited, and holds significant growth potential along the Bullabulling trend.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.