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Minerals 260 Limited (ASX:MI6)

ALERT: Price-sensitive ASX Announcement for MI6
Current share price for MI6 : $0.740 0.1 (15.63%)+
Announcement
Release
30 Jul 2026 8:32AM
Price at Release
$0.640
Full Release
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Summary
Minerals 260 Limited's June 2026 Quarterly Activities and Cashflow Report highlights significant progress in the Bullabulling Gold Project, Western Australia, with a 38% increase in Mineral Resource Estimate to 6.2Moz and completion of a Pre-Feasibility Study (PFS) confirming its viability as a high-margin, large-scale, long-life gold operation. The project is now one of the largest undeveloped gold projects in Australia with robust financial outcomes, including a post-tax NPV of A$2.3 billion and IRR of 43%. The company is advancing development activities, including village construction, with a strong cash position of A$211 million. Minerals 260 was included in the ASX200 in June 2026.
Key Points
  • Minerals 260 included in ASX200 in June 2026.
  • Strong financial position with A$211 million cash and deposits.
  • Bullabulling Gold Project's Mineral Resource increased to 6.2Moz.
  • Completion of Pre-Feasibility Study confirming project viability.
  • Post-tax NPV of A$2.3 billion and IRR of 43% for the project.
  • Commencement of construction and development activities.
  • Expansion of project area to 1,160km².
  • Focus on infrastructure development, including village construction.
  • Net cash outflows from operating activities of A$28.7 million.
  • Acquisition of additional tenements near Bullabulling.
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.