Minerals 260 Unveils High-Grade Drilling Boost at Bullabulling Gold Project

Bullabulling Drilling Delivers Promising High-Grade Gold Intercepts

Minerals 260 Limited (ASX, MI6) has reported compelling new drilling results from its Bullabulling Gold Project in Western Australia, reinforcing the potential for a significant resource upgrade. The latest assays, derived from 73 drill holes totaling over 16,400 meters, include standout intercepts such as 10 meters at 7.0 grams per tonne (g/t) gold and 7 meters at 8.8 g/t gold, highlighting the project's robust mineralisation.

The Bullabulling Project, situated 25 kilometers west of Coolgardie, currently hosts a 2.3 million ounce gold Mineral Resource Estimate (MRE). The recent drilling focuses on both infill and extensional targets across the Bacchus, Phoenix, and Kraken deposits, aiming to convert inferred resources to indicated status and expand known mineralisation zones.

Focused Drilling at Key Deposits

At the Bacchus deposit, which holds approximately 890,000 ounces at 1.3 g/t gold, infill drilling has returned thick, shallow, and higher-grade intercepts that could enhance early mine life economics. Notable results include 32 meters at 1.6 g/t gold from 33 meters depth and multiple intercepts exceeding 5 g/t gold. Extensional drilling beneath existing pits continues to confirm mineral continuity at depth, with intercepts such as 19 meters at 2.4 g/t gold and 10 meters at 1.8 g/t gold recorded well below the current pit floor.

The Phoenix deposit, with a current resource of 930,000 ounces at 1.1 g/t gold, has yielded broad mineralised zones beneath the existing pit shell. Recent intercepts include 12 meters at 1.1 g/t gold and high-grade hits like 4 meters at 11.2 g/t gold, suggesting potential for a deeper pit shell and resource expansion.

Meanwhile, the Kraken deposit, smaller but higher grade at 160,000 ounces at 1.7 g/t gold, has seen infill drilling that supports upgrading resource classification to indicated. Results such as 15.3 meters at 1.7 g/t gold and 17.6 meters at 1.2 g/t gold underpin this progress, with ongoing drilling targeting extensions to the east and west to identify additional shallow, high-grade ounces.

Advancing Towards a Resource Upgrade and Development

Minerals 260 plans to incorporate approximately 90,000 meters of drilling into an updated Mineral Resource Estimate scheduled for early December 2025, with further drilling results to feed into a subsequent update in 2026. The company is simultaneously advancing its Pre-Feasibility Study (PFS), having completed geotechnical and metallurgical drilling, with test work underway. These efforts are critical for de-risking the project and adding value ahead of potential development decisions.

Managing Director Luke McFadyen emphasised the consistency of strong drilling results and the significance of recent metallurgical and geotechnical programs. He noted that these developments are key milestones that enhance the project's robustness and underpin the forthcoming resource upgrade.

Financially, Minerals 260 remains well positioned to fund its exploration and study activities, maintaining momentum across its extensive Bullabulling tenement package, which covers approximately 571 square kilometers in a prolific gold region.