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The latest update is out from Minerals 260 Limited ( (AU:MI6) ).
Minerals 260 Limited announced at its Annual General Meeting that it has successfully acquired the Bullabulling Gold Project, transforming the company into a gold development entity with a clear path to production. The acquisition was funded by a $220 million equity raising, reflecting strong shareholder confidence. Since the acquisition, the company has increased its market capitalization significantly and commenced extensive drilling operations to update its Mineral Resource Estimate, highlighting its strategic positioning in the gold sector.
The most recent analyst rating on (AU:MI6) stock is a Buy with a A$0.33 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 in the mining industry, focusing on gold development. It has recently transitioned into a gold development company with the acquisition of the Bullabulling Gold Project, which is a significant asset located in Western Australia.
Average Trading Volume: 9,345,075
Technical Sentiment Signal: Buy
Current Market Cap: A$634.4M
Find detailed analytics on MI6 stock on TipRanks’ Stock Analysis page.