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Minerals 260 Limited Reports Promising Drilling Results at Bullabulling Gold Project

Story Highlights
  • Minerals 260 Limited’s drilling at Bullabulling shows potential to expand its 2.3Moz gold resource.
  • High-grade gold assays at Phoenix and Bacchus suggest strong resource extension potential.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Minerals 260 Limited Reports Promising Drilling Results at Bullabulling Gold Project

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Minerals 260 Limited ( (AU:MI6) ) just unveiled an update.

Minerals 260 Limited has announced significant drilling results at its Bullabulling Gold Project, indicating potential expansion of its current 2.3 million ounce Mineral Resource Estimate. The drilling campaign has delivered high-grade gold assays, particularly at the Phoenix and Bacchus deposits, suggesting strong potential for extending these resources both at depth and along strike. Additionally, the first phase of drilling at the Gibraltar prospect has shown promising initial results, with plans for further exploration to establish a maiden Mineral Resource Estimate.

The most recent analyst rating on (AU:MI6) stock is a Buy with a A$0.28 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 operates in the mining industry, focusing on gold exploration and development. The company is engaged in expanding its mineral resource estimates through drilling campaigns, primarily in Western Australia.

Average Trading Volume: 6,161,638

Technical Sentiment Signal: Sell

Find detailed analytics on MI6 stock on TipRanks’ Stock Analysis page.

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