Minerals 260 Unveils High-Grade Gold Hits and Boosts Bullabulling Drilling to 110,000m

Expanded Drilling Program and Resource Growth Potential

Minerals 260 Limited has significantly ramped up its drilling efforts at the Bullabulling Gold Project in Western Australia, increasing the program to approximately 110,000 meters from the initially planned 80,000 meters. This expansion follows a series of encouraging high-grade gold intercepts that suggest the potential to grow the existing 2.3 million ounce Mineral Resource Estimate (MRE) beyond current pit boundaries.

During the September quarter, seven rigs were active, combining reverse circulation and diamond drilling techniques to target extensions of mineralisation at depth and along strike. Notable results include a standout intercept of 10.2 meters grading 18.5 grams per tonne gold at the Bacchus deposit, featuring visible gold and exceptional grades within the footwall shear zone. Similar high-grade zones were identified at the Phoenix, Dicksons, and Kraken deposits, reinforcing the project's upside potential.

Metallurgical Advances and Study Progress

Complementing the drilling success, initial metallurgical test work has delivered gold recovery rates exceeding 95% at industry-standard grind sizes, a marked improvement over historical recoveries of around 87%. This enhanced recovery profile is expected to positively influence the upcoming MRE update and the ongoing Pre-Feasibility Study (PFS), which aims for completion by mid-2026.

The PFS encompasses a broad range of technical workstreams, including mining studies, hydrogeological assessments, environmental permitting, and infrastructure planning. These efforts are critical to de-risking the project and refining its development pathway toward targeted first production in late 2028.

Strengthened Leadership and Financial Position

Minerals 260 has bolstered its executive team with the appointments of John Dermody as Chief Operating Officer and Russell Brooks as Chief Development Officer. Both bring extensive experience from Tier-1 mining companies, enhancing the company’s operational and project delivery capabilities as Bullabulling advances toward production.

Financially, the company ended the quarter with approximately $43 million in cash, well positioned to fund the accelerated drilling program and study activities. Increased exploration expenditure reflects the intensified focus on resource growth and project advancement, with no significant health, safety, or environmental incidents reported during the period.

Looking Ahead

The updated Mineral Resource Estimate, incorporating around 90,000 meters of recent drilling, is on track for release in early December 2025. This update will be a key milestone, potentially reshaping the project's scale and economics. Meanwhile, the PFS will continue to refine the development strategy, with results expected by mid-2026.

Minerals 260’s strategic drilling and metallurgical progress, combined with strengthened leadership and solid funding, position Bullabulling as a compelling development opportunity in the Eastern Goldfields region.