Minerals 260 (ASX: MI6) – Tim Goyder’s new baby

COMPANY SCOREBOARD

Pro Plus	Pro	Con Plus	Con
Tim Goyder’s focus

ABOUT COMPANY

Minerals 260 (MI6) (https://minerals260.com.au/) explores Cu-Ni-PGE in the Julimar region WA. The company’s two key assets are the 100% owned Moora Project and a 51% interest in the Koojan Project.

The company was spun out from LTR in October 2021 by raising $30m@50c.

In Jan 2025, the company acquired the Bullabulling Gold Project with estimated mineral resource of 60Mt@1.2g/t for 2.3Moz for $166.5m.

CAPITAL STRUCTURE


ASX Code	Share Price	Shares	Option (In)	Market Cap	Cash/Asset ($m)
MI6	0.115	2150666666		247326666.59	45/0


Holders No	Top 20 (Cur)	Top 20 (Pre)	Director Hold	Performance Right	Note
5904	70.53%	39.85%	6.5%		last raise $220m@12c

Tim Goyder holds 6.1%

FLAGSHIP ASSETS

Bullabulling Gold Project

Coolgardie - HRZ, MI6

Project Data

OTHER ASSETS

Koojan JV Project Julimar WA (51% with LSA)

The project was effectively unexplored with no prior geochemical sampling or drilling.

Julimar - Ni, Au, PGE - CHN, MI6, CPN

SUMMARY

low grade without reserve definition to date.