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Minerals 260 Limited ( (AU:MI6) ) just unveiled an announcement.
Minerals 260 Limited has announced a significant update to the Mineral Resource Estimate (MRE) for its Bullabulling Gold Project, doubling the resource to 4.5 million ounces of gold. This increase establishes Bullabulling as one of Australia’s leading gold projects, with 67% of the resource now in the Indicated Category. The company has made substantial progress in its drilling efforts, confirming extensions and high-grade intercepts at various sites within the project. With a Pre-Feasibility Study underway and plans for further drilling, Minerals 260 is positioning itself for future growth and aims to commence production by late 2028.
The most recent analyst rating on (AU:MI6) stock is a Buy with a A$0.57 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 a company operating in the mining industry, focusing primarily on gold exploration and development. The company is actively engaged in advancing its Bullabulling Gold Project in Western Australia, aiming to establish itself as a significant player in the gold production market.
Average Trading Volume: 9,503,336
Technical Sentiment Signal: Buy
Current Market Cap: A$731.2M
See more insights into MI6 stock on TipRanks’ Stock Analysis page.