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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.

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