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Minerals 260 Limited
(Sydney:MI6)
Minerals 260 Limited (MI6) vs. iShares MSCI Australia ETF (EWA)
Minerals 260 Limited Business Overview & Revenue Model
Minerals 260 Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -161.56K | -161.56K | -155.00K | 0.00 | -1.69K | 0.00 |
| EBITDA | -12.74M | -12.74M | -8.14M | -13.85M | -88.58M | 12.36K |
| Net Income | -11.52M | -11.52M | -7.71M | -13.11M | -88.59M | -1.12K |
Balance Sheet | ||||||
| Total Assets | 238.76M | 238.76M | 12.05M | 17.52M | 23.73M | 27.78M |
| Cash, Cash Equivalents and Short-Term Investments | 54.38M | 54.38M | 11.10M | 17.08M | 23.47M | 27.78M |
| Total Debt | 510.24K | 510.24K | 624.38K | 96.76K | 0.00 | 1.12K |
| Total Liabilities | 16.95M | 16.95M | 1.18M | 911.75K | 569.29K | 47.04K |
| Stockholders Equity | 221.82M | 221.82M | 10.87M | 16.61M | 23.16M | 27.73M |
Cash Flow | ||||||
| Free Cash Flow | -8.74M | -8.74M | -5.92M | -6.34M | -5.18M | 0.00 |
| Operating Cash Flow | -8.49M | -8.49M | -5.82M | -5.83M | -5.08M | 0.00 |
| Investing Cash Flow | ― | -158.97M | -100.40K | -508.98K | -102.03K | 0.00 |
| Financing Cash Flow | ― | 210.74M | -57.49K | -50.88K | 28.65M | 0.00 |
Minerals 260 Limited Technical Analysis
Minerals 260 Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$989.70M | -28.05 | -9.90% | ― | ― | 50.30% | |
51 Neutral | AU$9.57M | -2.90 | -41.50% | ― | ― | -6.38% | |
48 Neutral | AU$22.35M | -4.60 | -61.72% | ― | ― | 8.81% | |
48 Neutral | AU$6.46M | -3.68 | -25.70% | ― | -100.00% | 80.33% | |
48 Neutral | AU$7.31M | -1.23 | -135.06% | ― | ― | 30.99% | |
46 Neutral | AU$5.36M | -3.95 | -9.21% | ― | ― | 54.74% |
Minerals 260 Limited Corporate Events
Minerals 260 Limited has notified the ASX of the planned issue of 3 million unquoted options under an employee incentive scheme, comprising 1.5 million options exercisable at $0.35 and 1.5 million options exercisable at $0.41, both expiring on 3 November 2028 and scheduled for issue on 26 November 2025. The issuance, which will not be quoted on the ASX, forms part of the company’s broader remuneration and retention strategy, aligning employees’ interests with long-term shareholder value and potentially expanding the company’s capital base if the options are exercised.
The most recent analyst rating on (AU:MI6) stock is a Hold with a A$0.44 price target. To see the full list of analyst forecasts on Minerals 260 Limited stock, see the AU:MI6 Stock Forecast page.
Minerals 260 Limited announced a change in Director David Ross Richards’ interests, reflecting the exercise of 750,000 unlisted options at a price of $0.195 per option. This adjustment increases Mr. Richards’ indirect holdings, with potential implications for shareholder confidence and corporate governance transparency.
The most recent analyst rating on (AU:MI6) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Minerals 260 Limited stock, see the AU:MI6 Stock Forecast page.
Minerals 260 Limited has announced the issuance and quotation of 850,000 fully paid ordinary shares on the Australian Securities Exchange (ASX) as of December 17, 2025. This move reflects the company’s strategic initiative to enhance its capital structure, potentially supporting ongoing exploration activities and other corporate objectives, which could hold positive implications for shareholder value and market presence.
The most recent analyst rating on (AU:MI6) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Minerals 260 Limited stock, see the AU:MI6 Stock Forecast page.
Minerals 260 Limited has reported promising results from its ongoing drilling program at the Bullabulling Gold Project, revealing high-grade gold intersections, particularly at the Bacchus Deposit. The drilling results indicate potential for expanding the Mineral Resource Estimate (MRE) and improving the understanding of structural controls in high-grade areas, which could enhance the company’s market position and stakeholder confidence.
The most recent analyst rating on (AU:MI6) stock is a Buy with a A$0.75 price target. To see the full list of analyst forecasts on Minerals 260 Limited stock, see the AU:MI6 Stock Forecast page.
Minerals 260 Limited has acquired the Bullabulling Gold Project for AUD$166.5 million, with plans to leverage significant historical work to target first production by 2028. The company is actively continuing exploration efforts, with a Mineral Resource Estimate update planned for 2026, and aims to establish a Maiden Ore Reserve by mid-2026, which could significantly impact its market positioning as a major player in the gold mining sector.
The most recent analyst rating on (AU:MI6) stock is a Buy with a A$0.57 price target. To see the full list of analyst forecasts on Minerals 260 Limited stock, see the AU:MI6 Stock Forecast page.
Minerals 260 Limited has announced a significant update to the Mineral Resource Estimate (MRE) for its Bullabulling Gold Project, doubling the resource to 4.5 million ounces of gold. This increase establishes Bullabulling as one of Australia’s leading gold projects, with 67% of the resource now in the Indicated Category. The company has made substantial progress in its drilling efforts, confirming extensions and high-grade intercepts at various sites within the project. With a Pre-Feasibility Study underway and plans for further drilling, Minerals 260 is positioning itself for future growth and aims to commence production by late 2028.
The most recent analyst rating on (AU:MI6) stock is a Buy with a A$0.57 price target. To see the full list of analyst forecasts on Minerals 260 Limited stock, see the AU:MI6 Stock Forecast page.
Minerals 260 Limited, a company listed on the Australian Securities Exchange (ASX), has requested a trading halt on its securities. This halt is pending an announcement regarding an updated Mineral Resource Estimate for the Bullabulling Gold Project. The trading halt will remain in place until the announcement is made or until the commencement of normal trading on December 2, 2025. This move could have significant implications for the company’s operations and market positioning, as updates to mineral resource estimates can impact investor perceptions and the company’s valuation.
The most recent analyst rating on (AU:MI6) stock is a Buy with a A$0.57 price target. To see the full list of analyst forecasts on Minerals 260 Limited stock, see the AU:MI6 Stock Forecast page.
Minerals 260 Limited announced a change in the director’s interest, specifically concerning Timothy R B Goyder. The change involved the expiration of 1,000,000 unlisted options with an exercise price of $0.475, which were set to expire on 21 November 2025. This update reflects adjustments in the director’s holdings, which may influence the company’s governance and investment strategies.
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.
Minerals 260 Limited announced a change in the director’s interest notice involving Emma Josephine Scotney. The notice details the expiration of 1,000,000 unlisted options held indirectly through Warialda Pty Ltd as trustee for The Sconti Trust. This change reflects a reduction in Ms. Scotney’s indirect holdings, potentially impacting the company’s governance and stakeholder interests.
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.
Minerals 260 Limited announced a change in the director’s interest, specifically involving David Ross Richards. The change pertains to the expiry of 2,000,000 unlisted options, which were not exercised, thus altering the director’s holdings. This update reflects on the company’s governance and may influence stakeholders’ perceptions of the company’s management and strategic direction.
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.
Minerals 260 Limited announced the cessation of 4,000,000 securities due to the expiry of options or other convertible securities without exercise or conversion as of November 21, 2025. This cessation could impact the company’s capital structure and investor perceptions, as it reflects a change in the company’s issued capital.
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.
Minerals 260 Limited has announced a change in the director’s interest, specifically concerning Luke Charles McFadyen. The company issued Performance Rights to Mr. McFadyen’s nominee under the Employee Securities Incentive Plan, as part of its FY26 short-term and long-term incentive programs. This move, approved by shareholders, reflects the company’s commitment to aligning director incentives with its strategic goals, potentially impacting its operational focus and stakeholder engagement.
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.
Minerals 260 Limited has announced the issuance of 2,071,888 performance rights under an employee incentive scheme. This move is part of the company’s strategy to motivate and retain key personnel, potentially impacting its operational efficiency and aligning employee interests with shareholder goals.
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.
Minerals 260 Limited, a company listed on the Australian Securities Exchange under the ticker MI6, announced that all resolutions proposed at their 2025 Annual General Meeting were approved by shareholders through a poll. The resolutions included the re-election of directors, approval of an employee securities incentive plan, and an increase in non-executive directors’ remuneration. This outcome signifies strong shareholder support for the company’s current management and strategic direction, potentially reinforcing its market position and operational stability.
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.
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.
Minerals 260 Limited has announced the issuance of unquoted equity securities, including 3 million unlisted options exercisable at $0.18 expiring in 2028, and performance rights for FY26, as part of an employee incentive scheme. This move is aimed at motivating and retaining talent within the company, potentially impacting its operational efficiency and long-term strategic goals.
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.
Minerals 260 Limited has announced its 2025 Annual General Meeting, scheduled for November 21, 2025, in Perth, Western Australia. The company has provided electronic access to meeting materials, encouraging shareholders to participate and vote via proxy forms. This meeting is a significant event for stakeholders, as it will address key company matters and future strategies, impacting its operational and market positioning.
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.