Noticias en vivo • May 15
Minerals 260 Expands Bullabulling Project Area and Adds New Gold Exploration Prospects Minerals 260 has expanded the Bullabulling Gold Project from 130km² to about 1,160km² by securing joint venture interests over an additional 350km² of tenure. The enlarged project area now surrounds the existing 4.5 million ounce Bullabulling deposit and incorporates new exploration targets near the Kraken and Dickson deposits. Newly acquired ground also covers potential process water sources, which the company highlights as important for future project development. The announcement was followed by a 4.12% rise in the stock.
The key takeaway is that Minerals 260 is consolidating a much larger footprint around an established gold deposit while adding fresh exploration targets and critical infrastructure options within the same district.
Investors may want to focus on how quickly the company can convert this expanded tenure into drill results and resource updates, as well as any future funding needs tied to exploration and development of the Bullabulling project. New Risk • Apr 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$30m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$30m free cash flow). Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). Recent Insider Transactions Derivative • Mar 13
Independent Non-Executive Director exercised options to buy AU$465k worth of stock. On the 12th of March, Emma Scotney exercised options to buy 750k shares at a strike price of around AU$0.20, costing a total of AU$147k. This transaction amounted to 28% of their direct individual holding at the time of the trade. Since June 2025, Emma has owned 2.65m shares directly. Company insiders have collectively bought AU$3.2m more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Feb 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Recent Insider Transactions Derivative • Dec 18
Non-Executive Director exercised options to buy AU$285k worth of stock. On the 17th of December, David Richards exercised options to buy 750k shares at a strike price of around AU$0.20, costing a total of AU$147k. This transaction amounted to 22% of their direct individual holding at the time of the trade. Since March 2025, David's direct individual holding has increased from 2.07m shares to 3.45m. Company insiders have collectively bought AU$3.1m more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Dec 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (over 8x increase in shares outstanding). Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Anuncio • Sep 19
Minerals 260 Limited, Annual General Meeting, Nov 21, 2025 Minerals 260 Limited, Annual General Meeting, Nov 21, 2025. Price Target Changed • Sep 04
Price target increased by 17% to AU$0.32 Up from AU$0.27, the current price target is an average from 2 analysts. New target price is 126% above last closing price of AU$0.14. Stock is up 12% over the past year. The company is forecast to post a net loss per share of AU$0.013 next year compared to a net loss per share of AU$0.033 last year. Anuncio • Aug 04
Minerals 260 Limited Announces Executive Appointments Minerals 260 Limited announced the appointments of Mr. John (Jack) Dermody as Chief Operating Officer and Mr. Russell Brooks as Chief Development Officer, further strengthening the Company's executive team as it rapidly advances the development of the Bullabulling Gold Project, in Western Australia. Mr. Dermody is an experienced mining executive with over two decades of leadership across operations, project delivery and asset optimisation. He joins Minerals 260 following a successful career with BHP, OZ Minerals and Newcrest Mining. He has held multiple senior operational and strategic roles, including as General Manager of BHP's (formerly OZ Minerals') Carrapateena copper-gold mine in South Australia, Head of Technical Excellence at OZ Minerals and Manager Mining Operations at Newmont's Cadia Project in NSW. He is currently Project Director of BHP's $1 billion expansion of the Prominent Hill copper-gold mine in South Australia. Mr. Dermody will oversee project execution, operational readiness and operations at Bullabulling. This will include managing site operations, construction, commissioning and production. Mr. Dermody holds a dual degree in Mining Engineering and Applied Geology, with multiple mine management accreditations across Australia. Mr. Brooks brings over a decade of multi-disciplinary and international experience across mining operations, project development, commercial management and corporate finance. He joins Minerals 260 following a successful career with BHP, OZ Minerals and IGO. He has held senior leadership roles with OZ Minerals and BHP, including Head of Project Development and Strategy and Project Director. He has also held pivotal roles in taking significant projects from the study phase through to operations, including West Musgrave (BHP/OZ Minerals), Carrapateena (BHP/OZ Minerals) and Nova-Bollinger (IGO). Mr. Brooks will be responsible for managing the technical, financial, and environmental studies required to advance the Bullabulling Gold Project to operations, including working closely with Mr. Dermody on effective operations readiness planning. He holds a Bachelor of Engineering (Mining) with First Class Honours, a Master of Accounting and International Finance, a First Class Mine Manager's Certificate and is a Graduate of the Australian Institute of Company Directors. Breakeven Date Change • Jun 30
Forecast to breakeven in 2028 The analyst covering Minerals 260 expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$4.50m in 2028. Average annual earnings growth of 11% is required to achieve expected profit on schedule. Recent Insider Transactions • Apr 17
Non-Executive Chairman recently bought AU$2.9m worth of stock On the 11th of April, Timothy Rupert Goyder bought around 25m shares on-market at roughly AU$0.12 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Timothy Rupert's only on-market trade for the last 12 months. Board Change • Apr 14
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Emma Scotney was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Apr 07
Minerals 260 Limited (ASX:MI6) acquired Bullabulling Gold Limited from Norton Gold Fields Pty Ltd for approximately AUD 170 million. Minerals 260 Limited (ASX:MI6) entered into binding agreement to acquire Bullabulling Gold Limited from Norton Gold Fields Pty Ltd for approximately AUD 170 million on January 1, 2025. A cash consideration of AUD 156.5 million will be paid by Minerals 260 Limited. The consideration consists of common equity of Minerals 260 Limited having a value of AUD 10 million to be issued for common equity of Bullabulling Gold Limited. As part of consideration, AUD 166.5 million is paid towards common equity of Bullabulling Gold Limited. In case of termination, Minerals 260 will pay a fee of AUD 3 million.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders and obtaining financing. Allens acted as legal advisor for Minerals 260 on its proposed acquisition. Allens is also advising Minerals 260 on an equity raise to fund the acquisition and ensuring compliance with ASX Listing Rules for re-admission to the exchange, both of which are necessary to complete the transaction.
Minerals 260 Limited (ASX:MI6) completed the acquisition of Bullabulling Gold Limited from Norton Gold Fields Pty Ltd for approximately on April 6, 2025. Anuncio • Apr 03
Minerals 260 Limited has completed a Follow-on Equity Offering in the amount of AUD 220 million. Minerals 260 Limited has completed a Follow-on Equity Offering in the amount of AUD 220 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,833,333,333
Price\Range: AUD 0.12
Discount Per Security: AUD 0.0048 Anuncio • Feb 28
Minerals 260 Limited has filed a Follow-on Equity Offering in the amount of AUD 220 million. Minerals 260 Limited has filed a Follow-on Equity Offering in the amount of AUD 220 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,833,333,333
Price\Range: AUD 0.12
Discount Per Security: AUD 0.0048 Anuncio • Jan 14
Minerals 260 Limited (ASX:MI6) entered into binding agreement to acquire Bullabulling Gold Limited from Norton Gold Fields Pty Ltd for approximately AUD 170 million. Minerals 260 Limited (ASX:MI6) entered into binding agreement to acquire Bullabulling Gold Limited from Norton Gold Fields Pty Ltd for approximately AUD 170 million on January 14, 2025. A cash consideration of AUD 156.5 million will be paid by Minerals 260 Limited. The consideration consists of common equity of Minerals 260 Limited having a value of AUD 10 million to be issued for common equity of Bullabulling Gold Limited. As part of consideration, AUD 166.5 million is paid towards common equity of Bullabulling Gold Limited.
The transaction is subject to approval by regulatory board / committee, approval of offer by acquirer shareholders and obtaining financing. Recent Insider Transactions • Oct 09
MD & Director recently bought AU$50k worth of stock On the 7th of October, Luke McFadyen bought around 368k shares on-market at roughly AU$0.14 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was Luke's only on-market trade for the last 12 months. Board Change • Sep 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Emma Scotney was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Anuncio • Sep 19
Minerals 260 Limited, Annual General Meeting, Nov 22, 2024 Minerals 260 Limited, Annual General Meeting, Nov 22, 2024. Location: at the westcentre, level 1, 1260 hay street, west perth wa, 6005, Australia New Risk • Sep 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Market cap is less than US$100m (AU$30.4m market cap, or US$20.4m). New Risk • Aug 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$30.4m market cap, or US$20.2m). New Risk • Jun 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 23% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$35.1m market cap, or US$23.2m). New Risk • Feb 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 36% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Market cap is less than US$100m (AU$41.0m market cap, or US$26.7m). Recent Insider Transactions • Jan 19
Independent Non-Executive Director recently bought AU$120k worth of stock On the 17th of January, Emma Scotney bought around 412k shares on-market at roughly AU$0.29 per share. This transaction increased Emma's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$245k more in shares than they have sold in the last 12 months. Anuncio • Nov 24
Minerals 260 Limited Appoints David Richards to Non-Executive Director Minerals 260 Limited announced that Mr. David Richards election as Director at Annual General Meeting (AGM) of November 24, 2023, Mr. Richards will now transition to a Non-Executive Board position effective November 24, 2023. Anuncio • Nov 01
Minerals 260 Limited Appoints Luke McFadyen as Managing Director Minerals 260 Limited advises that the Board has resolved to appoint highly experienced mining executive Luke McFadyen as Managing Director, effective 1st November 2023. The decision reflects the high regard with which the Board considers and has assessed the contribution Luke has made to the Minerals 260 business and growth strategy since his commencement as Chief Executive Officer on 1 July 2023. In accordance with ASX Listing Rule 3.16.4, the material terms of Mr. McFadyen's appointment to Managing Director remain unchanged to that as announced to the market on 26 May 2023. Luke is a highly accomplished mining executive with over 15 years' experience working in top tier and global organisations, such as, BHP, South32, Syrah Resources, International Copper Association Australia and OZ Minerals. His experience covers strategy, valuations, investment assessments, commodity market analysis and risk management. Luke is a Fellow of The Australasian Institute of Mining and Metallurgy (FAusIMM) and holds a Master of Science (Mineral and Energy Economics), MBA from Curtin University, as well as a Bachelor of Commerce (Economics) and Bachelor of Science (Biology) from the University of Notre Dame Australia. New Risk • Sep 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 60% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Market cap is less than US$100m (AU$129.9m market cap, or US$83.5m). New Risk • Sep 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 60% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (6.4% increase in shares outstanding). Market cap is less than US$100m (AU$105.3m market cap, or US$68.2m). Recent Insider Transactions • Jun 15
Non-Executive Director recently bought AU$125k worth of stock On the 13th of June, Timothy Rupert Goyder bought around 300k shares on-market at roughly AU$0.42 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$246k more in shares than they have sold in the last 12 months. Anuncio • Feb 03
Minerals 260 Limited Provides an Update on the Extensive Reverse Circulation Drilling Program Which Commenced in November 2022 to Test Multiple Targets Across the Moora and Koojan Projects in Western Australia Minerals 260 Limited provided an update on the extensive Reverse Circulation (RC) drilling program which commenced in November 2022 to test multiple targets across the Moora and Koojan Projects ("Projects") in Western Australia. The Projects form a contiguous, 1,000km2 land package located approximately 150km north-east of Perth in the Julimar Mineral Province of SW Western Australia. At the Koojan Project, the Company is in joint venture with Lachlan Star Limited and has earned an initial 30% equity with the right to increase this to 51%. The drilling program was planned to comprise up to 100 holes for approximately 15,000m, testing 26 geochemical and/or geophysical targets defined by previous exploration. Since drilling began, 55 holes have been drilled for 8,898m. Due to the timing of harvesting activities, drilling across the higher priority targets, including the Mynt prospect, did not commence until early January 2023. In early 2022, drilling at Mynt intersected significant copper-gold mineralisation in a single RC hole (MRRC0040) coincident with a 1.5km anomalous trend defined by geochemistry and geophysics. Follow-up drilling at Mynt commenced in January 2023 and comprised an initial program of 10 wide-spaced RC holes with a second phase of combined RC/diamond cores to be drilled if supported by geological logging. The initial phase of follow-up drilling at Mynt has been completed with assays pending for all holes. Based on geological observations, the Company believes that a second phase of drilling comprising a further nine RC holes and four diamond core holes is warranted. While the Company is encouraged by these observations, there is no guarantee that ore grade assays will be returned from the initial phase of drilling. Further GAIP and DHEM will also be completed at Mynt to optimise siting of the Phase 2 drill holes. Assays have been received for 24 holes which were drilled at the Acga PGE prospect (MRRC0055ext, MRRC0058 0059) on the Moora Project, as well as several targets on the Koojan JV (MRRC0060-0068 and MRRC0070 0074, 0077, 0079, 0084-0086 and 0090). At the Acga prospect, previous drilling intersected significant PGE mineralisation 3m @ 0.52g/t PGE from 177 -180m at the bottom of hole MRRC0055, which was subsequently extended to 252m as part of the current program. MRRC0058 and MRRC0059 were drilled to the west of MRRC0055 with both holes intersecting highly anomalous PGE values indicating a shallow north- easterly dip for the mineralised zone: MRRC0058: 3m @ 0.33g/t PGE from 134 136m; MRRC0059: 5m @ 0.10g/t PGE from 32 37m; and 4m @ 0.15g/t PGE from 55 59m. Drilling is continuing on the Moora and Koojan Projects with a further 25-30 holes planned for a total of 4,500- 5,000m drilling. This includes the Phase 2 drilling at Mynt which will comprise 13 holes for a total of approximately 2,500m and three holes for approximately 600m at the advanced Angepena gold prospect. Anuncio • Nov 22
Minerals 260 Limited Announces Major Drilling Campaign Underway At Moora and Koojan Minerals 260 Limited has commenced a significant new drilling program across multiple high-order targets at its Moora Project and the adjacent Koojan JV, which are located ~150km north-east of Perth, Western Australia.The drilling program will comprise up to 15,000m of Reverse Circulation (RC) and Diamond Core (DD) drilling, with holes typically 150-200m deep. The drilling has commenced with a single RC rig, with a second rig scheduled to start in December as further crops are harvested and access becomes available to more targets. Drilling will target extensions of mineralisation previously intersected at a number of prospects including: Mynt - up to 24m @ 0.7g/t Au and 1.9% Cu; Angepena - up to 43m @ 1.8g/t Au; Zest - up to 12m @ 2.0g/t Au and 1.4% Cu; Acga - up to 3m @ 0.52g/t PGE (Pd+Pt). Maiden RC drill programs will also test 22 other targets defined by geochemical and geophysical surveys. The Moora Project and Koojan JV form a contiguous, 1,000km2 land package located in the Julimar Mineral Province of south-west Western Australia. Minerals 260 holds 100% of the Moora Project and has the right to earn up to 51% equity in the Koojan JV by spending $4 million on exploration. The Company has met its minimum expenditure commitment of $500,000 for the Koojan JV and expects to acquire its initial 30% equity before the end of 2022 by spending a total of $1,500,000. Board Change • Nov 16
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Anthony Cipriano is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Anuncio • Nov 05
Minerals 260 Limited Announces Significant Bedrock Palladium-Platinum Intersect for the First Time At Moora Ahead of Major New Drilling Program Minerals 260 Limited announced that reconnaissance drilling completed earlier this year has confirmed the potential for its 100%-owned Moora Project and adjacent Koojan JV to host significant PGE mineralisation. The Projects form a contiguous, 1,000km2 land package located ~150km north-east of Perth in the Julimar Mineral Province of SW Western Australia. At the Koojan JV, the company is in joint venture with Lachlan Star Limited and has the right to earn up to 51% equity. In June 2022, the company completed a 17-hole/2,945m RC/diamond core drilling program over three targets: Zest - Drill-holes MRCC0042-0050, MRRD0051, MRDD0011; Angepena - Drill-holes MRRC0052-0054; Moora Gravity Anomaly (MGA) - Drill-holes MRRC0055-0057. Assays for the Zest and Angepena drill holes have been reported previously with drill statistics (including significant results) listed in Appendices 1-3. The three RC holes drilled across the MGA were reconnaissance in nature and designed to provide geological data, particularly for the margins of the anomaly, which is interpreted to be caused by a dense mafic/ultramafic intrusive body. The drill holes were sited where access was available during the winter cropping period and are in an area where there is no coincident geochemical anomalism. All three holes intersected mafic rocks consistent with an intrusive body with the mineralisation associated with a zone of disseminated sulphides. The anomalous palladium (up to 611ppb Pd) and platinum (up to 76ppb Pt) are also coincident with elevated copper (up to 2,080ppm Cu). A follow-up exploration program comprising further drilling and down-hole geophysics will be planned to assess the significance of the latest results. This work will be undertaken as early as possible during the next drilling program. While the latest drill results are not coincident with surface anomalism, previous geochemistry and shallow air- core drilling have defined a number of high priority PGE+Cu+Au targets in close proximity which will also be assessed as part of the upcoming drill program. Recent Insider Transactions • Oct 07
Independent Non-Executive Director recently bought AU$82k worth of stock On the 6th of October, Emma Scotney bought around 230k shares on-market at roughly AU$0.35 per share. This transaction increased Emma's direct individual holding by 30x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$116k more in shares than they have sold in the last 12 months. Anuncio • Sep 28
Minerals 260 Limited Advises Further Results from Follow-Up Reverse Circulation Drilling Minerals 260 Limited advises that further results from follow-up Reverse Circulation (RC) drilling completed in June this year have confirmed the potential for significant gold mineralisation at the Angepena prospect, which is part of the Company's 100%-owned Moora Project located ~150km north-east of Perth in the Julimar Mineral Province of SW Western Australia. The Moora Project forms part of a contiguous, 1,000km 2 land package which includes the adjacent Koojan JV, where the Company is in joint venture with Lachlan Star Limited and has the right to earn up to 51% equity. Assays were recently received for the Angepena holes and the Zest holes not previously reported but are pending for the MGA holes. Drill statistics for the most recent and previous RC/diamond core drill programs (including significant results) are listed in Appendices 1 and 2. The three RC holes drilled at Angepena were designed to provide further data on the orientation and controls on gold mineralisation, which has so far been defined over a strike length of 900m with the system remaining open along strike and at depth. A number of priority target zones have been defined for further testing at Angepena, with highly credentialled structural geologist Dr Brett Davis engaged to review the structural setting. This will assist with optimising the targeting of follow-up drilling. The latest results from Zest include assays from holes drilled east and west of the discovery section with wide zones of anomalous gold and copper intersected (up to 28m @ 0.2g/t Au and 0.3% Cu from 152m and 3m @ 1.2g/t Au from 207m in MRRD0051). All data from Zest will now be reviewed and combined with the planned structural review to target follow up drilling. Anuncio • Sep 22
Minerals 260 Limited, Annual General Meeting, Nov 22, 2022 Minerals 260 Limited, Annual General Meeting, Nov 22, 2022, at 09:00 W. Australia Standard Time. Location: The Westin Perth 480 Hay Street Perth Western Australia Australia Anuncio • Sep 02
Minerals 260 Limited Announces Retirement of Craig Williams as Non-Executive Director Craig Williams Minerals 260 Limited advised that Craig Williams has announced his intention to retire from the Company's board as a non-executive Director at the upcoming Annual General Meeting (AGM) in November. Anuncio • Jul 12
Minerals 260 Limited Advises Initial Assay Results from Follow-Up Reverse Circulation Minerals 260 Limited advised that initial assay results from follow-up Reverse Circulation (RC) drilling have confirmed the potential for a significant gold-copper zone at the Zest prospect, which is part of the Company's 100%-owned Moora Project located 150km north-east of Perth in the Julimar Mineral Province of SW Western Australia. The Moora Project forms part of a contiguous, 1,000km land position which includes the adjacent Koojan JV, where the Company is in joint venture with Lachlan Star Limited and has the right to earn up to 51% equity. The Company recently completed a 16-hole/2,638m RC program drilling program over three targets: Zest - Drill-holes MRCC0042-0051 - Angepena - Drill-holes MRRC0052-0054 - Moora Gravity Anomaly (MGA) - Drill-holes MRRC0055-0057. The drilling at Zest and Angepena tested for strike and/or dip extensions of previously reported results, while the three holes into the MGA were designed to provide geological data from the southern part of the anomaly. Results have only been received for MRCC0043 at Zest, assaying of which was prioritised ahead of other holes based on geological logging. A total of 10 RC holes for 1,715m were drilled as part of the recent program at Zest to test for strike and dip extensions of mineralisation intersected earlier this year. The latest results appear to confirm the down-dip extension of the mineralisation with a 2-3 diamond core drilling program in progress to provide structural and geological data to support this interpretation. At Angepena, three RC holes were drilled for 359m (with assays pending) to provide further data on the orientation of the gold mineralisation, which has been defined over a strike length of 900m with the system remaining open along strike and at depth. Previously reported intersections include: MRRC0001 - 43m @ 1.8 g/t Au from 198-241m, including 18m @ 3.9g/t Au from 211-229m - MRAC0092 - 11m @ 1.5 g/t Au from 2-13m, including 5m @ 2.7g/t gold from 4-9m - MRDD0001 - 9m @ 1.1g/t Au from 100-109m, including 3m @ 2.7g/t Au from 102-105m - MRDD0003 - 4m @ 1.3g/t Au from 29-33m, including 1m @ 4.6g/t Au from 32-33m - 2.45m @ 5.6g/t Au from 64-66.45m, including 1.45m @ 9.4g/t Au from 65-66.45m 6m @ 1.1g/t Au from 124-130m, including 1.1m @ 5.3g/t Au from 128-129.1m - 4.32m @ 2.7g/t Au from 133-137.32m, including 1.61m @ 6.5g/t Au from 135.04-136.65m (and 2.28m @ 4.9g/t Au and 1.4% Co from 135.04-137.32m) - MRDD0004 - 15m @ 0.5g/t Au from 104-119m, including 1m @ 2.2g/t Au from 104-105m - 1m @ 2.4g/t Au and 1.5% Cu from 140-141m - 2m @ 0.4g/t Au and 1.6% Cu from 162-164m - 1m @ 0.1g/t Au and 0.8% Co from 182-183m - MRDD0005 - 4.6m @ 0.8g/t Au and 0.5% Cu from 48 - 52.6m, including 0.6m @ 5.0g/t Au and 2.7% Cu from 51-51.6m - MRRC0022 9m @ 2.8g/t Au from 3-12m, including 5m @ 4.7g/t Au from 3-8m 20m @ 0.9g/t Au from 24-44m, including 4m @ 3.5g/t Au from 32-36m. The MGA is a large gravity high (13km long and 2-4km wide), the northern part of which is coincident with Mt Yule Magnetic Anomaly. Three RC holes for 564m (assays pending) were drilled into the southern part of the MGA and intersected mafic lithologies interpreted to be the cause of the gravity high. Follow-up work will be planned once assays have been received for the recently completed drilling andstructural data from the ongoing diamond core program has been processed. Regional Exploration and Forward Planning: Regional exploration work completed earlier this year on the Moora Project and adjacent Koojan JV included the drilling of 126 air-core holes for 3,236m across previously defined targets and the collection of 5,664 geochemical samples. Assays are pending for all air-core holes and 2,113 geochemical samples. Assays received for the geochemical sampling have extended previous anomalism and defined new targets, a number of which are coincident with geophysical anomalies defined by gravity, aeromagnetics and Gradient Array Induced Polarisation (GAIP). Since listing last year, the Company's exploration on the Moora and Koojan Projects has intersected significantmineralised zones at several prospects, all of which remain open, and defined numerous other targets for drill testing. A follow-up program of 10,000 - 15,000m RC drilling is scheduled for later this year (immediately following the harvest) with rigs currently being secured to undertake this work. Anuncio • Jun 29
Minerals 260 Limited Announces Appointment of Curtis Abbott as Chief Financial Officer, Effective July 1, 2022 Minerals 260 Limited announced the appointment of Curtis Abbott as Chief Financial Officer made effective 1 July 2022. Mr. Abbott is an internal appointment having performed the role of Financial Controller for the Company since September 2021. During this time he has provided strong support to the executive team and his promotion to CFO reflects the expanding nature of his role and associated responsibilities. Mr. Abbott holds a Bachelor of Commerce degree and is an experienced Chartered Accountant with over 13 years of accounting and corporate experience in the resources and energy industries. Mr. Abbott commenced his career at KPMG (Audit) and has held a range of senior finance positions with publicly listed companies. Anuncio • May 31
Minerals 260 Limited Commences New Drilling Program at its 100%-Owned Moora Gold-Pge-Nickel-Copper Project, WA Minerals 260 Limited announced that it has commenced a drilling program to follow up on recent exploration success at its 100%-owned Moora Project, located 150km north-east of Perth in Western Australia. The drilling program, comprising up to 20 Reverse Circulation (RC) drill holes for 3,000m, will follow up on previously reported intersections from the Zest prospect (up to 12m @ 1.4% Cu and 2g/t Au from 72 - 84m) and Angepena (up to 43m @ 1.8g/t Au from 198 - 241m). Drilling will also be completed at a new target located in the south-eastern corner of the Project where a review of shallow air-core drill data has identified highly anomalous copper (up to 0.27%) and PGEs (up to 0.2g/t) hosted by a strongly weathered mafic/ultramafic sequence. The copper values are similar to those recorded from initial shallow air-core drilling across the Zest prospect which were subsequently targeted by deeper RC drilling resulting in the significant results reported this year. The drilling, which will take 2-3 weeks to complete, will be undertaken on the edge of paddocks where it will have a minimal impact on recently planted crops. Initial assays are expected in August 2022. The company also has landowner clearance to drill the Mallory prospect, located on the Koojan JV, which is defined by coincident geochemical (gold-copper-PGE) and geophysical anomalism; however, this is dependent on receipt of government permitting, which is pending. Numerous other high-priority targets remain to be followed up and planning is in progress for further drilling later in the year after the crops have been harvested. In addition, assays are pending for approximately 6,000 in-fill and first- pass geochemical samples which are expected to define further targets for drill testing later this year. The Moora Project forms part of a large (1,000km2) land package, which also includes the adjacent Koojan JV, located in the Julimar Mineral Province of south-west Western Australia. Minerals 260 has the right to earn up to 51% equity in the Koojan JV by spending $4 million on exploration and has met its minimum expenditure commitment of $500,000. The company is now progressing towards its next key milestone of spending $1.5 million to acquire an initial 30% in the Koojan JV Project. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Anthony Cipriano is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Anuncio • Apr 20
Minerals 260 Limited Announces Second Significant Copper-Gold Zone Discovered At Moora The controls on the mineralisation are poorly understood due to the intrusion of multiple post-mineralising, dolerite dykes which have disrupted the host mafic/ultramafic stratigraphy and further drilling will be planned after a comprehensive review of the data. A review of airborne and ground EM data defined a subtle anomaly ~4.1km south south-east of Zest coincident with the south-east margin of the large gravity anomaly referred to above. The anomalous copper results intersected in drilling are associated with chalcopyrite and confirm the metal fertility of the underlying geology. The drill results also indicate that previous geochemical sampling would have been ineffective due to the thickness of transported cover in the local area. Infill geophysical programs including gravity and IP are being planned to assist with optimising follow up drilling. 126 air-core holes have been drilled across a number of previously untested coincident geochemical/geophysical targets located on both the Moora and Koojan JV Projects. The completed holes are part of a larger 160-180 hole program; however, due to early, unseasonal wet weather and the commencement of cropping activities, the remainder of the planned program will now be completed later in the year after harvesting. A 6,000-sample geochemical program designed to infill previously identified, partially defined anomalies and assess new areas is ongoing, with ~65% of the samples collected and submitted for assay. Despite the limited effectiveness of geochemical sampling, it is still considered to be a cost-effective exploration technique with the results needing to be combined with other datasets to define drill targets. Initial assays for the air-core and geochemical samples are expected in May/June 2022. A review of geophysical data collected late 2021/early 2022, including gravity, aeromagnetics and Gradient Array Induced Polarisation (GAIP), is largely complete and is expected to define other targets for follow up by infill geochemistry and/or drilling. Anuncio • Mar 06
Minerals 260 Limited Announces Wide Copper-Gold Zone Confirmed At Moora Minerals 260 Limited announced that it has received assays for a further nine holes from the recently completed drilling program at its 100%-owned Moora Project, which is located ~150km north-east of Perth in the Julimar Mineral Province of SW Western Australia. The Moora Project forms part of a contiguous, 1,000km2 land position which also includes the adjacent Koojan JV, where the Company is in joint venture with Lachlan Star Limited and has the right to earn up to 51% equity. In January 2022, the Company completed a 37-hole/6,196m diamond core/Reverse Circulation (RC) drilling program over prospects coincident with the Mt Yule Magnetic Anomaly, with the primary focus being on the Angepena gold prospect. RC holes were also drilled at the Mynt and SEZ prospects, located on the northern and south-eastern margins of the Mt Yule magnetic anomaly respectively. Results have previously been reported for four holes (MRRD0001 0004) from the Angepena prospect see ASX release dated 3rd February 2022. The latest results include assays from a single RC hole (MRRC0040) drilled into the Mynt prospect (formerly Northern Zone) and eight drill holes (MRRD0005, MRRC0015 MRRC0021) drilled at the Angepena prospect. HIGHLIGHTS: Reverse Circulation (RC) drill hole (MRRC0040) targeting a previously defined off-hole conductor at the newly named Mynt prospect (formerly the Northern Zone) intersects: 24m @ 1.9% Cu and 0.7g/t Au from 99-123m, including: 14m @ 2.9% Cu and 1.1g/t Au from 100-114m; and 2m @ 5.1% Cu and 1.3g/t Au from 100-102m. Mineralisation hosted by a quartz-veined zone with disseminated to semi-massive chalcopyrite and pyrrhotite. The intersection is located ~65m down-dip of a previously reported intersection of 9m @ 2.1% Cu (MRAC0012), hosted by completely oxidized bedrock. The copper-gold mineralisation is coincident with: A 1.5km long copper-in-soils anomaly (>100ppm Cu); A 1km long, partially defined Gradient Array Induced Polarisation (GAIP) anomaly; and An arcuate magnetic high. The coincidence of mineralisation with significant geochemical and geophysical anomalies indicates the potential for a large sulphide-related system. Previous shallow, wide-spaced air-core drilling has only intersected oxidised bedrock and is not considered an effective test. A Moving Loop Electro-Magnetic (MLEM) survey has defined a second potential conductor ~600m to the south-east, with similar characteristics to the EM anomaly targeted by MRRC0040. This second potential conductor is also coincident with a 700m long copper-in-soils anomaly. Further GAIP and down-hole EM surveys are planned prior to follow-up drilling at Mynt. Assays received for a further eight drill holes completed at the Angepena prospect, located ~1.5km south-west of the Mynt prospect. The results confirm the continuity of gold mineralisation which has now been intersected on five sections over 400m of strike with the system open in all directions. Assays are pending for 23 holes drilled as part of the initial 37-hole/6,196m RC/diamond core drilling program completed in January 2022, which largely targeted the Angepena prospect. Data from an ongoing project-scale, 400x400m gravity survey indicate that the Mynt and Angepena prospects are located on the margins of a major NW/SE trending gravity high extending over 10km in length and up to 3.5km wide. This gravity high is interpreted to be caused by a mafic/ultramafic intrusion. Large parts of this gravity feature have not yet been explored, making it a highly prospective target. Anuncio • Feb 03
Minerals 260 Limited Receives Assay Results for the First Four Holes of Recently Completed Drilling Program At Its 100%-Owned Moora Project in Western Australia Minerals 260 Limited has received assay results for the first four holes of a recently completed drilling program at its 100%-owned Moora Project in Western Australia, which is located ~150km north-east of Perth in the Julimar Mineral Province of SW Western Australia. The Moora Project forms part of a largely contiguous, 1,100km2 land position which also includes the adjacent Koojan JV, where the Company is in joint venture with Lachlan Star Limited and has the right to earn up to 51% equity. Further to its announcement on 7 December 2021, the Company has now completed a 37-hole/6,196m diamond core/Reverse Circulation follow-up drilling program over the Mt Yule Magnetic Anomaly with the primary focus being on the Angepena gold prospect. Due to high laboratory demand and delays with assay turnaround, the Company has only received the results for four holes. The program, which comprised 10 diamond core holes (MRDD0001 - 0010) for 2,284m and 27 RC holes (MRRC0015 - 0041) for 3,972m was largely designed to test the continuity and extent of mineralisation at the Angepena prospect where previous work indicated the potential for a gold system extending over more than 900m. Despite only receiving limited assay data, the results received have demonstrated continuity of the mineralisation previously identified at the Angepena Prospect, with significant gold now intersected on three sections with the main mineralised unit being a steeply dipping, foliated dolerite/gabbro hosted within an interlayered sequence of mafic and ultramafic lithologies. Younger, barren, post-metamorphic mafic dykes locally intrude the mineralised stratigraphy. Significant sulphide-related copper and cobalt mineralisation is locally associated with the gold; however, the relationship between the different metals is not yet known. Further work to understand the controls on mineralisation will be undertaken once remaining assays have been received and processed. Board Change • Jan 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Anthony Cipriano is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Dec 06
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Anthony Cipriano is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.