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Minerals 260 Limited ( (AU:MI6) ) has provided an announcement.
Minerals 260 Limited has awarded a $59.1 million fixed-price contract to ATCO Structures & Logistics to design and construct an initial 400-person accommodation village at its 100%-owned Bullabulling Gold Project in Western Australia. The on-site village, which includes central facilities sized to support future expansion to 600 people, is intended to service both construction and ongoing operations.
Site works are expected to begin once approvals, anticipated in May, are granted, with the village targeted to be operational in the first quarter of 2027. The contract marks the first major construction package at Bullabulling and underscores the project’s progression from pre-feasibility toward definitive feasibility and construction, supported by a newly assembled owner’s team across key project delivery roles.
The most recent analyst rating on (AU:MI6) stock is a Buy with a A$0.90 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 resources company focused on developing the 4.5-million-ounce Bullabulling Gold Project near Coolgardie in Western Australia. The company is advancing the project through feasibility and development stages, targeting large-scale gold production supported by dedicated on-site infrastructure for its construction and operational workforce.
Average Trading Volume: 10,879,416
Technical Sentiment Signal: Buy
Current Market Cap: A$1.69B
For an in-depth examination of MI6 stock, go to TipRanks’ Overview page.