Bullabulling’s High-Grade Gold Intercepts Signal Potential Resource Expansion Risks
Minerals 260 Limited has reported exceptional high-grade gold intercepts at its 4.5Moz Bullabulling Gold Project in Western Australia, highlighting significant resource growth potential beyond the recent estimate. The latest drilling results reinforce the project's robust mineralisation continuity and set the stage for an updated resource estimate in 2026.
- 7m at 38.75 g/t Au including 1m at 196 g/t Au at Bacchus deposit
- 83 new drill holes totaling 16,657m with strong assay results
- Resource growth potential beyond December 2025 Mineral Resource Estimate
- Continuity of mineralisation confirmed along 8.5km strike and at depth
- Plans for updated Mineral Resource Estimate in 2026
Exceptional High-Grade Intercepts at Bullabulling
Minerals 260 Limited (ASX – MI6) has closed out 2025 with some of the most impressive drilling results in the history of its Bullabulling Gold Project, located 25km west of Coolgardie in Western Australia. The company announced assay results from 83 drill holes totaling 16,657 meters, revealing multiple high-grade gold intercepts, including a standout 7 meters at 38.75 grams per tonne (g/t) gold, which includes an extraordinary 1 meter at 196 g/t at the Bacchus deposit.
Supporting a Growing Mineral Resource
These results come on the heels of a recently updated Mineral Resource Estimate (MRE) of 4.5 million ounces of gold across the Bullabulling project. Notably, most of the new drill results were not included in the December 2025 MRE, indicating strong potential for further resource expansion. The drilling program has consistently intersected thick and high-grade mineralisation along key shear zones, particularly at Bacchus, and has extended known mineralised zones both at depth and along strike.
Multiple Deposits Show Encouraging Results
Beyond Bacchus, other deposits within the project such as Phoenix, Dicksons, Kraken, and Gibraltar have also delivered promising assay results. For instance, the Phoenix deposit showed extensions of mineralisation down dip, while Kraken drilling revealed thicker mineralisation near the base of the planned pit shell and high-grade intercepts between Bacchus and Kraken that may eventually connect these deposits. Gibraltar’s down-plunge extensions also suggest increasing grade and thickness at depth.
Strategic Implications and Next Steps
Managing Director Luke McFadyen highlighted the significance of these results, noting that the extensive +110,000m drilling campaign in 2025 has positioned Minerals 260 as a leading gold development company in Australia. The company plans to incorporate these new results into an updated MRE in 2026, which could enhance project economics and support future development decisions. Drilling will continue to focus on infill and extensional targets, particularly in high-grade zones beneath and along strike from the current resource boundaries.
Robust Geological Framework and Tenure Security
The Bullabulling project sits within a well-understood geological setting in the Eastern Goldfields region, with mineralisation hosted in amphibolite sequences along a continuous 8.5km strike. The project benefits from granted mining leases and a contiguous tenement package, with no known impediments to operations. Royalty arrangements are in place but do not detract from the project's strong development potential.
Bottom Line?
As Minerals 260 prepares for its 2026 resource update, investors will be watching closely to see how these high-grade discoveries translate into project value and mine planning.
Questions in the middle?
- How will the new high-grade intercepts impact the overall economics and mine scheduling at Bullabulling?
- What is the timeline and expected scale for the 2026 updated Mineral Resource Estimate?
- Can the gap between Bacchus and Kraken deposits be closed to create a larger contiguous high-grade resource?
