Minerals 260 (ASX: MI6)

Reported further results from its 4.5Moz Bullabulling Gold Project located 25km west of Coolgardie in Western Australia.

Assays have been received for 60 drill holes totalling 14,935m. Drilling comprised 29 holes for 6,078m (~40%) focused on supporting the conversion of Inferred to Indicated resource classification.

 

 

 

 

 

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	Minerals 260	ASX: MI6
	Stage	Exploration, development
	Metals	Gold
	Market cap	A$1.9 billion   @  A$0.85
	Location	Western Australia
	Website	www.minerals260.com.au

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Minerals 260 Bullabulling resource update on track as drilling extends mineralisation at depth

 

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 60 drill holes totalling 14,935m.

Drilling comprised 29 holes for 6,078m (~40%) focused on supporting the conversion of Inferred to Indicated resource classification, together with 31 holes for 8,857m (~60%) targeting extensions to the MRE.

785 holes for 172,610m have been drilled by Minerals 260 since acquiring the Project in April 2025, comprising 72 DD holes for 13,118m, 665 RC holes for 142,438m, and 48 RC/DD holes for 17,054m.

New results include 20m @ 3.4g/t Au from 93m and 18m @ 2.9 g/t Au from 332m

 

Minerals 260 Limited (ASX:MI6) is pleased to report results from the ongoing drilling program at its 100% owned 4.5Moz Bullabulling Gold Project, located 25km west of Coolgardie in Western Australia.

Results have been received for a further 60 drill holes totalling 14,935m ).
Results in this announcement are from drilling at the Phoenix, Bacchus and Dicksons deposits which will be incorporated into the upcoming Mineral Resource Estimate (MRE) update.

Results continue to:
• confirm the continuity of mineralisation within the 4.5Moz MRE, as well as extensions beyond the resource boundaries;
• intersect thick and high-grade mineralisation within the footwall lodes at the Phoenix and Bacchus deposits;
• support the upgrade of Inferred Resources to Indicated;
• enhance the Company’s understanding of the structural controls on mineralisation, including the potential identification of higher-grade trends both within and beyond the MRE;
• increase geological confidence of MRE update; and
• identify opportunities for resource growth.
Since release of the 4.5Moz MRE, MI6 has completed 78,000m of drilling across the Bullabulling Gold Project,
which will be incorporated in the MRE update due for release in August 2026.
Ten drill rigs are on site, comprising four Reverse Circulation (RC), four Diamond Drilling (DD), one Aircore (AC) and one Water Bore (WB).

Highlights
Better results include:
Phoenix Deposit (57Mt @ 1.0g/t Au for 1,800koz Au)
Infill
• 3.9m @ 3.8g/t Au from 283m in BBRD0644*1
• 2m @ 8.9g/t Au from 250m in BBRD0645*1
• 3m @ 3.5g/t Au from 205m in BBRC0649*
• 12m @ 1.0g/t Au from 197m in BBRC0668*
• 20m @ 3.4g/t Au from 93m in BBRC0680*
• 3m @ 5.6g/t Au from 265m & 11m @ 2.4g/t Au from 327m in BBRC0683*

 

 

 

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Management Comment

Minerals 260 Managing Director, Luke McFadyen, said:

“Following the December 2025 MRE, we have completed 78,000m of drilling across the Phoenix, Bacchus, Dicksons, Kraken and Gibraltar Deposits that will be incorporated in the MRE update in August.

 

“These results demonstrate the continuity, scale and quality of mineralisation across Bullabulling.

 

“The scale of this program has significantly increased confidence in the existing Resource, enhanced our understanding of the structural controls on mineralisation, and identified opportunities to test potential higher-grade trends both within and beyond the MRE”.

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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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