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Minerals 260 Limited (ASX:MI6)

ALERT: Price-sensitive ASX Announcement for MI6
Current share price for MI6 : $0.605 -0.255 (-29.65%)+
Announcement
Release
15 Jun 2026 8:28AM
Price at Release
$0.860
Full Release
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Summary
Minerals 260 Limited has commenced early construction and development activities at the Bullabulling Gold Project in Western Australia. This significant milestone involves multiple fronts including village construction, water infrastructure, and grade control drilling. The company has secured a $59.1 million contract with ATCO Structures & Logistics for a 400-person village to support both construction and future operations, expected to be operational by Q1 2027. Water exploration has identified potential sources to support the project, and drilling for water bores has started. A grade control drilling program of 26,000 meters is underway to enhance resource understanding in key areas. Minerals 260 is progressing approvals under Western Australian regulations and is financially robust with $250 million in cash and deposits as of March 2026. A Pre-Feasibility Study and updated resource estimate are scheduled for later in 2026.
Key Points
  • Commencement of construction at Bullabulling Gold Project
  • Executed $59.1 million contract with ATCO for village construction
  • 400-person village expected operational Q1 2027
  • Water infrastructure development in progress
  • 26,000m grade control drilling program initiated
  • Project approvals underway under WA State pathway
  • Pre-Feasibility Study and resource estimate due 2026
  • $250 million cash and deposits end of March 2026
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.