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ASX:MI6

11 stories mentioning ASX:MI6

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Asia

Minerals 260's Western Australia Project Drilling Shows Potential Production Beyond Current Forecast, Euroz Hartleys Says

Minerals 260's (ASX:MI6) recent drilling at the Bullabulling gold project in Western Australia showed potential production beyond the current forecast of around 210,000 ounces per annum by increasing the throughput rate above 10 million tonnes per annum, Euroz Hartleys said in a note on Monday.With 3 million ounces contained within the Indicated category at the project, the firm is forecast to be capable of defining an ore reserve of over 2 million ounces, given that it would only require around 66% conversion.Euroz Hartleys modeled total pre-production capital expenditure of AU$550 million for a 5 million tonnes-per-annum processing plant, and factor an expansion to 8 million tonnes-per-annum in the fourth year, which would lift production to around 210,000 ounces per-annum at all-in sustaining costs of AU$2,506 per ounce.The company is progressing towards first gold production in the December 2028 quarter. Euroz Hartleys had forecast 2029 for the first gold.The investment firm retained its speculative buy recommendation and AU$0.93 per share price target on Minerals 260.

ASX:MI6
Asia

Minerals 260 Starts Early Construction Activities at Western Australia Gold Project

Minerals 260 (ASX:MI6) said it started early construction and development activities at its fully owned Bullabulling gold project in Western Australia, according to a Monday filing with the Australian bourse.The company said it is progressing work on multiple fronts, including village construction, water infrastructure, and grade control drilling. It plans to start plant construction in the first half of 2027 and is targeting first gold production at the project in the fourth quarter of 2028.The project's maiden ore reserve and pre-feasibility study remain on track for July, ahead of an updated mineral resource estimate planned for August, per the filing.Minerals 260 said it ended the March quarter with around AU$250 million of cash and deposits, leaving it well positioned to continue Bullabulling's development.

ASX:MI6
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday:Minerals 260 (ASX:MI6): +13%, AU$0.85Pantoro Gold (ASX:PNR): +12%, AU$2.57Develop Global (ASX:DVP): +10%, AU$6.90PLS Group (ASX:PLS): +9%, AU$6.46Elevra Lithium (ASX:ELV): +9%, AU$11.65Genesis Minerals (ASX:GMD): +9%, AU$5.24Bellevue Gold (ASX:BGL): +9%, AU$1.33Almonty Industries (ASX:AII): +9%, AU$24.04Imdex (ASX:IMD): +9%, AU$4.01Sandfire Resources (ASX:SFR): +8%, AU$19.88

ASX 200ASX:AIIASX:BGLASX:DVPASX:ELVASX:GMDASX:IMDASX:MI6ASX:PLSASX:PNRASX:SFR
Research

Bell Potter Downgrades Minerals 260 to Speculative Buy from Buy; Price Target is AU$1.35

Minerals 260 (ASX:MI6) has an average rating of buy and mean price target of AU$1.23, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

ASX:MI6
Asia

Minerals 260's Works at Western Australia Gold Project Encouraging, Euroz Hartleys Says

The de-risking nature of works underway at Minerals 260's (ASX:MI6) Bullabulling gold project in Western Australia, especially the 26,000-meter grade-control program, is encouraging, Euroz Hartleys said in a note on Tuesday.The firm remains on track to publish its prefeasibility study and a maiden reserve in July. It flagged opportunities to start early works to de-risk the development of the project and potentially fast-track the timeline.Recent drill results have confirmed continuity of the mineral resource and have also shown potential resource extension at depth across the resource. They included up to 15 meters at 3.8 grams per tonne grade of gold from 24 meters and three meters at 5.8 g/t gold from 156 meters.The results support the growth in the production potential beyond the current forecast of around 210,000 ounces per annum by increasing the throughput rate above 10 million tonnes per annum.The investment firm retained its speculative buy rating on Minerals 260 with a price target of AU$0.93 per share.

ASX:MI6
Asia

Minerals 260 Says Drill Results Continue to Support Resource Upgrade at Western Australia Project

Minerals 260 (ASX:MI6) said recent drill results from its Bullabulling Gold Project in Western Australia continue to support a resource upgrade, according to a Tuesday Australian bourse filing.The results were up to 15 meters at 3.8 grams per tonne (g/t) gold from 24 meters and 3 meters at 5.8 g/t gold from 156 meters, including 1 meter at 46.9 g/t gold from 31 meters.The company said results confirm the continuity of mineralization within the 4.5 million ounce mineral resource estimate (MRE) and extensions of mineralization beyond the MRE boundaries, supporting the conversion of inferred resources to indicated classification.The maiden ore reserve and pre-feasibility study remain on track for release in July, with an updated MRE scheduled for August, the company added.

ASX:MI6
Asia

Elevra Lithium, Electro Optic Systems and Others Join S&P/ASX 200 Index

Elevra Lithium (ASX:ELV), Electro Optic Systems (ASX:EOS), FireFly Metals (ASX:FFM), Kingsgate Consolidated (ASX:KCN), and Minerals 260 (ASX:MI6) joined the S&P/ASX 200 Index before trading began on Monday, S&P Dow Jones Indices reported Friday.Meanwhile, Guzman Y Gomez (ASX:GYG), IDP Education (ASX:IEL), SiteMinder (ASX:SDR), Temple & Webster (ASX:TPW) and WEB Travel (ASX:WEB) were removed from the index as part of the rebalancing.

ASX:ELVASX:EOSASX:FFMASX:GYGASX:IELASX:KCNASX:MI6ASX:SDRASX:TPWASX:WEB
Asia

Minerals 260 to Secure JV Interests Across Tenure Near Western Australia Project

Minerals 260 (ASX:MI6), through its Bullabulling Operations No. 2 subsidiary, entered into binding agreements with mining firm Geko Explore to secure joint venture interests across prospective tenure near the Bullabulling project in Western Australia, according to a Thursday filing with the Australian bourse.Consideration for the transaction is AU$7 million, including AU$3.5 million cash and 4.5 million shares in the company, with completion expected in two business days, the filing said.The company found areas for immediate exploration with the priority targets located near the Kraken and Dickson deposits, per the filing.

ASX:MI6
Asia

Minerals 260's Drill Results Further Support Potential Western Australia Project Resource Upgrade

Minerals 260's (ASX:MI6) recent drill results from its Bullabulling gold project in Western Australia supported "strong" potential for a resource upgrade, according to a Monday Australian bourse filing.The results were up to seven meters at 3 grams per tonne gold from 238 meters at the Bacchus deposit, including 0.8 meters at 16.1 g/t gold from 240.9 meters, while the Phoenix deposit returned three meters at 8.9 g/t gold from 117 meters, including one meter at 23.8 g/t gold from 118 meters.The company said drilling intersected multiple mineralized lenses outside the mineral resource estimate and identified target extensions of high-grade areas at Bacchus and Phoenix.Results confirm the continuity of mineralization within the 4.5 million ounce mineral resource estimate, particularly in areas targeted for early mining, and support the conversion of inferred resources to indicated classification through ongoing infill drilling, the filing added.

ASX:MI6
Asia

Minerals 260 Executes AU$59 Million Construction Contract at Western Australia Gold Project

Minerals 260 (ASX:MI6) executed a AU$59.1 million fixed-price contract with ATCO Structures & Logistics to design and build an initial 400-person village at the Bullabulling gold project in Western Australia, according to a Wednesday Australian bourse filing.The required approvals are expected to be granted in May, and the village is expected to be operational in the March 2027 quarter, per the filing.The company is working to transition the project from pre-feasibility study through to definitive feasibility study.Minerals 260's shares rose past 1% in recent trading on Wednesday.

ASX:MI6
Asia

Minerals 260 Reports About AU$250 Million Cash, Term Deposits at March-Quarter-End

Minerals 260 (ASX:MI6) reported about AU$250 million in cash and term deposits at March 31, according to a Tuesday Australian bourse filing.The company said its pre-feasibility study and maiden ore reserve for the Bullabulling gold project remain on track for release in July, with seven drill rigs currently on site, and a mineral resource estimate update planned for release in August.The company's shares fell 1% in recent Tuesday trade.

ASX:MI6