Minerals 260 Limited (ASX: MI6) 

Reported further results for 83 drill holes totalling 19,073m from its 100%-owned, 4.5Moz Bullabulling Gold Project  located 25km west of Coolgardie in Western Australia.

Drilling comprised 55 holes for 11,549m (~60%) focused on supporting conversion of Inferred Resources to Indicated classification.

 

 

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	Minerals 260	ASX: MI6
	Stage	Exploration, development
	Metals	Gold
	Market cap	A$1.73billion   @  A$0.73c
	Location	Western Australia
	Website	www.minerals260.com.au

 

 

 

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Minerals 260’s Drilling at Bullabulling Continues to Support Resource Growth

 

Minerals 260 Limited (“Minerals 260” or the “Company”) (ASX: MI6) is pleased to report further results from its 100%-owned, 4.5Moz Bullabulling Gold Project (“Bullabulling” or the “Project”) located 25km west of Coolgardie in Western Australia.

Assays have been received for 83 drill holes totalling 19,073m.

Drilling comprised 55 holes for 11,549m (~60%) focused on supporting conversion of Inferred Resources to Indicated classification, together with 28 holes for 7,524m (~40%) targeting extensions to the MRE.

A total of 745 holes for 161,917m have been drilled by Minerals 260 since acquiring the Project in April 2025, comprising 61 DD holes for 11,706m, 648 RC holes for 137,928m, and 36 RC/DD holes for 12,283m.

New results include 2m @ 31.7g/t Au and 15m @ 3.8 g/t Au

The latest program across the Bacchus, Phoenix, Dicksons and Kraken deposits continues to:
• confirm the continuity of mineralisation within the 4.5Moz Mineral Resource Estimate (MRE) and extensions of mineralisation beyond the MRE boundaries;
• support the conversion of Inferred Resources to Indicated classification; and
• improve the understanding of structural controls of mineralisation and support the potential identification for higher-grade trends within and outside the MRE.

The recent commencement of a 26,000m grade control program (10m x 10m spacing) represents another important step towards production readiness, focusing on areas scheduled for mining in the first two years of production and further advancing understanding of the orebody.

Nine drill rigs, four Reverse Circulation (RC), three Diamond (DD), one Aircore (AC) and one Water Bore (WB), are on site.

The maiden Ore Reserve and Pre-Feasibility Study (PFS) remain on track for release in July 2026, with an updated Mineral Resource Estimate scheduled for August 2026.

Highlights

Better results include:
Bacchus Deposit (46Mt @ 1.1g/t Au for 1,600koz Au) Infill
• 15m @ 3.8g/t Au from 24m and 3m @ 5.8g/t Au from 156m in BBRC0537*,
including:
 1m @ 46.9g/t Au from 31m
• 8m @ 3.3g/t Au from 99m in BBRC0595*
• 11m @ 1.0g/t Au from 277m in BBRC0597*
• 27m @ 1.2g/t Au from 111m in BBRC0615*
• 10m @ 1.5g/t Au from 192m in BBRC0617*
 * True widths are estimated at between 85% and 95% of the reported drillhole intercepts

 1 Diamond tail results reported only. See previous ASX announcements for RC pre-collar significant intercepts

 

 

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Management Comment

 

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Minerals 260 Managing Director, Luke McFadyen, said:

“This is another set of strong drilling results which continue to demonstrate the scale and growth potential at Bullabulling.

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“Our extensive drilling program over the past year has significantly expanded our understanding of the controls on mineralisation, not only improving confidence in the existing MRE ahead of the upcoming PFS, but also identifying opportunities to grow the resource through extensions at depth and along strike.

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“The recently commenced 26,000m grade control program will support production readiness activities by derisking the initial years of mining.

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“With nine rigs currently on site, we continue to target resource extensions, test higher-grade trends within the existing deposits and will soon commence regional exploration across our recently expanded 1,160km2 tenure package.”

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To read the full news release please click HERE

 

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Disclosure

At the time of writing the author holds shares in Minerals 260

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