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Minerals 260 Limited ( (AU:MI6) ) has issued an update.
Minerals 260 Limited has announced significant results from its Bullabulling Gold Project, leading to an expansion of its drilling program from 80,000 meters to 110,000 meters. The new assays have revealed high-grade gold intercepts, supporting the potential to expand the current 2.3 million ounce Mineral Resource Estimate. The company is well-funded, with $54 million in cash reserves, to support the additional drilling and aims to update the Mineral Resource Estimate by December 2025.
The most recent analyst rating on (AU:MI6) stock is a Buy with a A$0.35 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, with a focus on gold exploration and development. The company’s primary operations are centered around the Bullabulling Gold Project in Western Australia, where it is working to expand its current Mineral Resource Estimate.
Average Trading Volume: 5,421,062
Technical Sentiment Signal: Buy
Find detailed analytics on MI6 stock on TipRanks’ Stock Analysis page.