Minerals 260 (ASX: MI6)

Reported an updated Mineral Resource Estimate for the Bullabulling Gold Project, located 25 km south-west of Coolgardie in Western Australia.

The Mineral Resource Estimate increases 38% to 190Mt at 1.0g/t Au for 6.2Moz, an additional 1.7Moz from the previous MRE of 4.5Moz announced in December 2025.

 

 

 

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	Minerals 260	ASX: MI6
	Stage	Exploration, development
	Metals	Gold
	Market cap	A$1.44 billion   @  A$0.63
	Location	Western Australia
	Website	www.minerals260.com.au

 

 

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Minerals 260 Bullabulling Resource Increases to 6.2M oz Gold

 

Bullabulling reinforced as one of Australia’s leading gold development projects

 

 

 

Minerals 260 Limited (ASX:MI6) is pleased to report an updated Mineral Resource Estimate for the Bullabulling Gold Project (“Bullabulling” or the “Project”), located 25 km south-west of Coolgardie in Western Australia.

 

 

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Highlights

• Bullabulling Mineral Resource Estimate (“MRE”) increases 38% to 190Mt at 1.0g/t Au for 6.2Moz, an additional 1.7Moz from the previous MRE of 4.5Moz announced in December 2025.
• 4.4Moz (71%) of the MRE is classified as Indicated, a 1.4Moz (47%) increase from the previous MRE.
• Drilling confirmed extensions of the MRE at depth at Dicksons, Phoenix, Bacchus, Kraken and Gibraltar, including multiple high-grade intercepts, resulting in an increased depth of over 100m in some areas.
• 6.2Moz MRE provides a materially larger Resource for optimisation during the Definitive Feasibility Study (“DFS”) which commenced in May 2026, and an updated Ore Reserve targeted for release in Q1 CY2027.
• MRE growth remains a focus, with drilling to continue to target mineralisation at depth and along strike.

Minerals 260 will also commence regional exploration across the 1,160km2 of largely contiguous tenure that it controls.
• 6.2Moz MRE incorporates results from ~78,000m of additional drilling by Minerals 260, an updated pit shell gold price of A$5,250/oz Au, a cut-off grade of 0.35g/t Au and metallurgical recoveries of 92% (average recovery at resource grade).

 

 

 

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Management Comment

 

 

Minerals 260 Managing Director, Luke McFadyen, said:

“This is an outstanding result for Minerals 260 and our shareholders.

 

“In just 15 months since acquiring the Project, we have grown the Mineral Resource from 2.3Moz Au to 6.2Moz Au, while significantly increasing Resource confidence with 4.4Moz Au now classified as Indicated.

 

“This growth has been delivered through more than 170,000m of drilling from approximately 1,000 holes completed by Minerals 260, while simultaneously advancing Bullabulling through a successful Pre-Feasibility Study and commencing early construction works.

 

“Importantly, most of the ounces have been added in the Phoenix-Bacchus deposits, which now contain 4.7Moz and provide a strong foundation for a long-life mining
operation.

 

“Bullabulling is firmly established as one of Australia’s premier gold development projects and our strategic objective of creating a large-scale operation by the end of 2028 continues to progress rapidly.”

 

 

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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To view the latest Minerals share price and chart, please click HERE

.

.To View Minerals 260’s historical news, please click here

.

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

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

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Minerals 260 (ASX: MI6)

Announced the commencement of early construction and development activities at its 100% owned 4.5Moz Bullabulling Gold Project, located 25km west of Coolgardie in Western Australia.

 

 

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	Minerals 260	ASX: MI6
	Stage	Exploration, development
	Metals	Gold
	Market cap	A$2 billion   @  A$0.93
	Location	Western Australia
	Website	www.minerals260.com.au

 

 

 

 

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Minerals 260 Commences Early Construction and Development Activities at Bullabulling

 

 

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Minerals 260 Limited (ASX:MI6) is pleased to announce the commencement of early construction and development activities at its 100% owned 4.5Moz Bullabulling Gold Project (BGP), located 25km west of Coolgardie in Western Australia.

 

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Summary

• The start of early construction activities at BGP represents a significant milestone for the Company and signifies progress towards targeted commencement of plant construction in H1 CY2027 and first gold production in Q4 CY2028.
• Work is advancing on multiple fronts, including village construction, water infrastructure and grade control drilling.
• Minerals 260 received approval of the Mining Development and Closure Proposal (MDCP) and Works Approval for the construction of the 400-person accommodation village in May 2026 and is progressing all other primary approvals for full Project construction under the Western Australia State pathway.
• An experienced owner’s team has been assembled to support project delivery, with personnel appointed to key management roles including Construction, Engineering, Approvals, Community and Environment, Commercial and Site Senior Executive.
• 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.
• Minerals 260 is well positioned to continue the rapid development of BGP, supported by its strong balance sheet, with ~$250M cash and deposits at end of March Quarter 2026.

 

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Village Construction

In April 2026, Minerals 260 executed a $59.1 million fixed-price contract with ATCO Structures & Logistics Pty Ltd (ATCO) for the design and construction of an initial 400-person village at Bullabulling.

The village will support both construction and future operations.
Site preparation and bulk earthworks are ongoing, and manufacturing of the rooms and facilities has commenced at ATCO’s facility in Perth, WA. 400 rooms are expected to be fully operational in Q1 CY2027.

 

Grade Control Drilling

The grade control program, which commenced in May 2026, of 26,000m of 10m × 10m Reverse Circulation (RC) drilling is focused on two high-priority areas within the Phoenix deposit which were selected to improve resource understanding and orebody knowledge within zones expected to contribute to early years of production.

Minerals 260 intends to utilise Photon Assay as the primary analytical method for the grade control program and is evaluating the establishment of an on-site Photon Assay facility to support future mining operations.

 

 

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Minerals 260 Managing Director, Luke McFadyen, said: “

“Minerals 260 is uniquely positioned to commence early construction activities before we’ve completed the PFS, reflecting the strong support of our Board and shareholders.

 

“This is only possible due to the significant preparatory work completed by the Project team and the strategic funding agreement with Franco Nevada entered into earlier this year.

 

“The start of early construction represents another significant de-risking milestone for the Company, and I look forward to updating shareholders on construction progress regularly”

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To read the full news release please click HERE

——-

.

To view the latest Minerals share price and chart, please click HERE

.

.To View Minerals 260’s historical news, please click here

.

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

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

.

 

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

 

——-

.

To view the latest Minerals share price and chart, please click HERE

.

.To View Minerals 260’s historical news, please click here

.

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

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

.

 

 

Minerals 260 (ASX: MI6)

Announced that it has signed a $220 million strategic funding package with Franco-Nevada Corporation to accelerate and de-risk the development of the 4.5Moz Bullabulling Gold Project, located 65km from Kalgoorlie in Western Australia.

 

 

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	Minerals 260	ASX: MI6
	Stage	Exploration, development
	Metals	Gold
	Market cap	A$1.14 billion   @  A$0.53c
	Location	Western Australia
	Website	www.minerals260.com.au

 

 

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MInerals 260 Announce $220 million Strategic Funding Agreement with Franco-Nevada to Accelerate The Development of the Bullabulling Gold Project

 

Minerals 260 Limited (ASX:MI6) (“Minerals 260” or “the Company”) is pleased to announce that it has signed a $220 million strategic funding package with Franco-Nevada Corporation (“Franco-Nevada”) to accelerate and de-risk the development of the 4.5Moz Bullabulling Gold Project (“Project”), located 65km from Kalgoorlie in Western Australia.

 

(Unless otherwise stated, all dollar values are in Australian dollars.)

 

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Highlights

• Franco-Nevada’s wholly-owned subsidiary, Franco-Nevada Australia Pty Ltd, will pay $170 million in exchange for increasing its total royalty over the Project to 2.45% (currently a 1.00% royalty exists over certain Project tenements).
• Franco-Nevada will also invest $50 million by subscribing for 111,111,111 fully paid ordinary shares (“Shares”) in Minerals 260 at an issue price of 45 cents per share, a 7% premium to Minerals 260’s last closing price. Franco-Nevada will hold 4.9% of shares on issue following this investment.
• Funding secured on highly attractive terms, validating the quality of Bullabulling as one of Australia’s leading gold development projects.
• Represents the largest ever investment in Australia by Franco-Nevada following extensive due diligence completed on the resource, metallurgy, hydrology, project development and permitting.
• Transformational funding package for Minerals 260 by securing significant funds ahead of the completion of the Pre-Feasibility Study (“PFS”) and de-risks the outlook for future Project financing.
• Funds will be used to accelerate and de-risk the development of Bullabulling. Construction of an initial 400-room village, procurement of long lead items, commencement of site early works, commencement of DFS activities and expansion of the drilling program will all be accelerated.

 

 

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Management Comments

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Minerals 260 Managing Director, Luke McFadyen, commented:

“This is a fantastic outcome for Minerals 260 and our shareholders.

 

“Securing a $220 million funding package with the world’s leading gold royalty company at this early stage of Bullabulling’s development is a major endorsement of the project and a milestone that will allow us to accelerate the Project towards production, expand our exploration strategy and de-risk our funding pathway.

 

“Franco-Nevada is an existing royalty holder and expanding our relationship with this financing is highly value accretive relative to other available funding options.

 

“Their extensive due diligence across all areas of the Project validates Bullabulling as one of the leading gold projects in Australia.”

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To read the full news release please click HERE

 

——-

.

To view the latest Minerals share price and chart, please click HERE

.

.To View Minerals 260’s historical news, please click here

.

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

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

.

.