Minerals 260 Reports Further Strong Drilling Results at Bullabulling

Konrad Forrest
Bullabulling resource update

25 June 2026 | Western Australia - Minerals 260 has reported further strong drilling results from its 100%-owned Bullabulling Gold Project, located around 25km west of Coolgardie in Western Australia.

The latest results come from ongoing drilling at the Phoenix, Bacchus and Dicksons deposits and will be incorporated into the company’s upcoming Mineral Resource Estimate update, due in August 2026.

Minerals 260 said assays have been received for a further 60 drill holes totalling 14,935m. The results continue to confirm the continuity of mineralisation within the current 4.5Moz Mineral Resource, while also identifying extensions beyond existing Resource boundaries.

Better results include:

  • 20m at 3.4 g/t gold from 93m at Phoenix
  • 18m at 2.9 g/t gold from 332m at Dicksons, including 1m at 38.4 g/t gold
  • 4m at 10.0 g/t gold from 111m at Dicksons, including 1m at 38.9 g/t gold
  • 10m at 3.1 g/t gold from 470m at Bacchus
  • 5.5m at 4.3 g/t gold from 349.6m at Bacchus
  • 2m at 8.9 g/t gold from 250m at Phoenix
  • 14m at 2.4 g/t gold from 186m at Bacchus
  • 15m at 2.3 g/t gold from 204m at Bacchus

Managing Director Luke McFadyen said the company has now completed 78,000m of drilling across the Phoenix, Bacchus, Dicksons, Kraken and Gibraltar deposits since the December 2025 Resource estimate.

He said the results demonstrate the continuity, scale and quality of mineralisation across Bullabulling, while increasing confidence in the existing Resource and highlighting opportunities to test higher-grade trends within and beyond the current Mineral Resource.

Why it matters: Bullabulling is one of the larger gold development projects in Western Australia’s Eastern Goldfields, with a current JORC 2012 Mineral Resource Estimate of 130Mt at 1.0 g/t gold for 4.5Moz.

The latest results are important because they support both Resource conversion and Resource growth. Some holes are designed to upgrade Inferred Resources to Indicated, while others are testing down-dip and depth extensions outside the current Resource.

At Phoenix, drilling has returned high-grade mineralisation beneath the existing pit and along the western margin of the Mineral Resource. At Bacchus, drilling continues to intersect high-grade mineralisation along the footwall shear zone, including outside the current pit shell. At Dicksons, results have confirmed mineralisation beyond the existing Resource, including high-grade zones east of the current model.

Minerals 260 said the Pre-Feasibility Study, including declaration of a maiden Ore Reserve, remains on track for release in July 2026. That study will be based on the existing 4.5Moz Resource announced in December 2025.

The company said drilling completed since December will support the August 2026 Resource update, which is expected to feed into the Definitive Feasibility Study and a Reserve update targeted for release in early CY2027.

There are currently 10 drill rigs on site, including four reverse circulation rigs, four diamond rigs, one aircore rig and one water bore rig.

For Western Australia’s gold sector, the latest Bullabulling results show continued momentum at a major open pit development project, with active drilling, Resource growth work, feasibility studies and early development planning all progressing.

Source: Minerals 260 ASX announcement, “Bullabulling resource update on track as drilling extends mineralisation at depth”, 25 June 2026.