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Minerals 260 Limited ( (AU:MI6) ) has provided an update.
Minerals 260 Limited has reported significant progress in its maiden drilling campaign at the Bullabulling Gold Project, with results from 55 additional holes supporting the existing 2.3 million ounce gold resource. The drilling has confirmed the continuity of mineralization at depth and highlighted potential extensions of the Phoenix and Bacchus deposits. The ongoing drilling program, which is 40% complete, aims to further increase the resource estimate by exploring deeper and along strike, with an updated Mineral Resource Estimate expected in the fourth quarter of 2025. The results have met or exceeded expectations, indicating robust resource potential and opportunities for expansion, which could enhance the company’s market positioning and stakeholder value.
The most recent analyst rating on (AU:MI6) stock is a Buy with a A$0.28 price target. To see the full list of analyst forecasts on Minerals 260 Limited stock, see the AU:MI6 Stock Forecast page.
More about Minerals 260 Limited
Minerals 260 Limited is an Australian company operating in the mining industry, primarily focused on gold exploration and development. The company is engaged in the Bullabulling Gold Project located in Western Australia, which aims to expand and confirm existing gold resources through extensive drilling campaigns.
Average Trading Volume: 9,332,549
Technical Sentiment Signal: Sell
See more data about MI6 stock on TipRanks’ Stock Analysis page.