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Minerals 260 Limited (ASX:MI6)

ALERT: Price-sensitive ASX Announcement for MI6
Current share price for MI6 : $0.690 -0.255 (-26.98%)+
Announcement
Release
25 Jun 2026 8:19AM
Price at Release
$0.945
Full Release
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Summary
Minerals 260 Limited announced progress on their Bullabulling Gold Project, located in Western Australia, with recent drilling results indicating extended gold mineralization at depth. The project, which hosts a JORC 2012 Mineral Resource Estimate of 4.5Moz of gold, is undergoing extensive drilling to update the Mineral Resource Estimate (MRE) scheduled for August 2026. The new results showed significant gold intercepts, supporting the continuity and potential expansion of mineral resources beyond current boundaries. The drilling program aims to convert Inferred Resources to Indicated, enhancing structural understanding and identifying higher-grade mineralization trends. The ongoing exploration supports resource growth across various deposits within the project and aims to incorporate findings into a forthcoming feasibility study.
Key Points
  • Bullabulling Gold Project drilling extends gold mineralization at depth.
  • Significant gold intercepts include 20m @ 3.4g/t Au and 18m @ 2.9g/t Au.
  • Project hosts a JORC 2012 MRE of 4.5Moz of gold.
  • Upcoming MRE update set for release in August 2026.
  • Drilling aims to upgrade Inferred Resources to Indicated.
  • Focus on Phoenix, Bacchus, and Dicksons deposits for resource extension.
  • Enhances understanding of structural controls on mineralization.
  • Potential for higher-grade trends and resource growth identified.
  • Management emphasizes increased confidence in existing resources.
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.