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An update from Minerals 260 Limited ( (AU:MI6) ) is now available.
Minerals 260 has reported strong new drilling results from the Bullabulling Gold Project, including standout intercepts of 7m at 7.2 g/t gold and 28m at 1.7 g/t gold at the Bacchus deposit, alongside high-grade hits at Phoenix. These results, from 22 additional drill holes, are reinforcing confidence in the existing mineral resource estimate while also identifying multiple mineralised lenses outside the current resource envelope.
The intensive drilling campaign, now totalling 615 holes since April 2025, is aimed at both infill and extensional targets to support resource conversion, early mining planning and potential resource growth along the 8.5km strike. The company remains on schedule to deliver a pre-feasibility study and maiden ore reserve in mid-2026, with an updated mineral resource to feed into a definitive feasibility study planned for early 2027, underscoring Bullabulling’s progression toward development.
The most recent analyst rating on (AU:MI6) stock is a Hold with a A$0.66 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 gold exploration and development company focused on its 100%-owned Bullabulling Gold Project, a 4.5-million-ounce resource located near Coolgardie in Western Australia. The project comprises deposits such as Bacchus and Phoenix and is being advanced through extensive drilling to underpin resource growth and future mining studies.
Average Trading Volume: 9,995,290
Technical Sentiment Signal: Buy
Current Market Cap: A$1.36B
Learn more about MI6 stock on TipRanks’ Stock Analysis page.