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Minerals 260 (MI6) investor relations material
Minerals 260 Investor Presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Project overview and strategy
Bullabulling Gold Project acquired in April 2025 for AUD $166.5M, with a 2.3Moz open pittable resource supported by over 12,300 drill holes.
Located 65km from Kalgoorlie, Western Australia, in a top-tier mining jurisdiction with strong infrastructure and proximity to skilled labor.
Over 90,000m of a planned 110,000m drilling program completed, targeting resource growth and infill, with updated Mineral Resource Estimate (MRE) due December 2025.
Targeting first gold production in late 2028, with PFS and maiden Ore Reserve expected mid-2026 and final investment decision in early 2027.
Project is well funded, with $54M cash and no debt as of June 2025.
Resource and exploration highlights
Current MRE: 60Mt @ 1.2g/t Au for 2.3Moz, with significant potential for expansion at depth and along strike.
Drilling has intersected high-grade mineralisation, including 10.2m @ 18.5g/t Au and 0.2m @ 629g/t Au, supporting potential resource upgrade.
Metallurgical test work shows +95% gold recovery at industry-typical grind sizes, outperforming historical results.
Resource is open at depth and along an 8.5km strike, with multiple highly prospective targets identified.
Historical feasibility and technical studies de-risk the project, with a clear pathway to production.
Leadership and corporate structure
Led by an experienced board and executive team with a strong track record in mining and value creation.
Five substantial shareholders each hold over 5%, with a market capitalization of $660M and daily liquidity of $2.5M.
Chairman Tim Goyder and CEO Luke McFadyen bring decades of industry experience and leadership.
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