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Minerals 260 Limited (ASX:MI6)

ALERT: Price-sensitive ASX Announcement for MI6
Current share price for MI6 : $0.815 0.055 (7.24%)+
Announcement
Release
8 Jul 2026 9:48AM
Price at Release
$0.760
Full Release
download
Summary
Minerals 260 Limited has released a Pre-Feasibility Study (PFS) and Mineral Resource Estimate (MRE) for the Bullabulling Gold Project, located in Western Australia. The project, now boasting a Mineral Resource of 6.2 million ounces and an Ore Reserve of 2.5 million ounces, is positioned as one of Australia's largest undeveloped gold resources. The PFS outlines a 19-year project with a robust financial outlook, including a post-tax Net Present Value (NPV) of A$2.3 billion and an Internal Rate of Return (IRR) of 43%. The operation targets a gold production of approximately 150,000 ounces per annum with an All-In Sustaining Cost (AISC) of A$2,520 per ounce. Significant resource growth has been achieved through extensive drilling, supporting future exploration and development initiatives.
Key Points
  • Bullabulling Gold Project has a Mineral Resource of 6.2 Moz and an Ore Reserve of 2.5 Moz.
  • The PFS indicates a 19-year operation with a post-tax NPV of A$2.3 billion.
  • Targeted average annual gold production is ~150 koz.
  • Extensive drilling has increased the MRE by 38% since December 2025.
  • AISC estimated at A$2,520/oz with a strong IRR of 43%.
  • Further exploration potential with 1,160 km² of contiguous tenure under MI6 control.
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.