Minerals 260 Expands Gold Reserves Amid AUD 220M Deal, Targets 200K Ounces by Late 2028

Minerals 260 Ltd (MI6), a gold-focused miner based in Western Australia, highlighted significant operational and financial progress at the Resources Rising Stars Gold Coast Conference in September 2026. The company, which acquired the Bullabulling gold project in Coolgardie in April 2025, reported rapid resource expansion—growing its gold reserves from 2.3 million ounces to 6.2 million ounces over 15 months, a 169% increase. This expansion included a maiden ore reserve of 2.5 million ounces, representing an 80% conversion of previously indicated material. Drilling activity over the same period totaled over 170,000 meters, with up to 11 rigs active at peak times, expanding the project’s land holdings from 130 to over 1,500 square kilometers in the Coolgardie region. The strike length stretches nearly 9 kilometers, with potential extensions to 20 kilometers, though exploration remains open along strike and down dip.