Minerals 260 Lifts Bullabulling Resource to 4.5Moz as Project Moves Toward Development

Minerals 260 Limited ( (AU:MI6) ) has provided an update.

Minerals 260 has reported a substantial upgrade to the Mineral Resource Estimate at its 100%-owned Bullabulling Gold Project, lifting resources to 130Mt at 1.0g/t gold for 4.5Moz, a 2.2Moz increase since acquisition in April 2025. The December 2025 quarter saw more than 117,000m of drilling completed, confirming thick, high-grade mineralisation along the Bacchus footwall shear zone and at depth across the project’s 8.5km strike, including a maiden 180koz resource at the Gibraltar deposit. The strengthened resource base, strong metallurgical recoveries of 90–95%, redevelopment of historical water bores, and recruitment of key construction, engineering and approvals personnel underpin a Pre-Feasibility Study targeted for mid-2026, while a further MRE update is also planned for mid-2026. With approximately $31 million in cash and no reported safety or environmental incidents, the company is moving to de-risk and accelerate Bullabulling toward development, reinforcing its position in the Australian gold project pipeline.

The most recent analyst rating on (AU:MI6) stock is a Hold with a A$0.46 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 developer focused on advancing the large-scale, open-pit Bullabulling Gold Project in Western Australia’s Eastern Goldfields region. The project, located 65km west of Kalgoorlie on granted mining leases and spanning a largely contiguous 588sq km tenement package, is being positioned as one of the country’s leading gold development assets, with a strategy transitioning from exploration to mine development.

Average Trading Volume: 6,634,958

Technical Sentiment Signal: Buy

Current Market Cap: A$1B

See more data about MI6 stock on TipRanks’ Stock Analysis page.