Minerals 260 Limited · ASX:MI6
Minerals 260 — Technical Presentation (May 2025)
31 slides from Minerals 260's technical presentation, May 12, 2025
Slide 1: Bullabulling Gold Project
ASX: MI6 Bullabulling Gold Project Advancing one of Australia’s largest near-term gold projects in a world class mining region Investor, Analyst & Media Site Visit Presentation 12 May 2025
Slide 2: Important Notes and Disclaimer
Important Notes and Disclaimer Overview information contained in this presentation. None of the MI6 Parties take any responsibility for any information in this presentation or any This presentation contains summary information about Minerals 260 Limited (ACN 650 766 911) (Company) and is current as
Slide 3: Minerals 260 (ASX: MI6) Corporate Overview
Minerals 260 (ASX: MI6) Corporate Overview Corporate Structure Substantial Shareholders Shareholder Profile Samuel Terry 7.4% 8% Shares on Issue 2,150.7M Tim Goyder, Chairman 7.3% Unlisted Options 42.0M 37% 55% Share Price1 13.5c BlackRock 6.8% Market Capitalisation $290M Franklin Templeton 5.8% Ins
Slide 4: Minerals 260 is Led by an Experienced and Proven Team
Minerals 260 is Led by an Experienced and Proven Team Board of Directors Tim Goyder Luke McFadyen Emma Scotney David Richards Stacey Apostolou Non-Executive Chairman Managing Director Non-Executive Director Non-Executive Director Non-Executive Director Mining Executive +48 years Mineral Economist an
Slide 5: Project Overview
Project Overview
Slide 6: Bullabulling Gold Project Highlights
Bullabulling Gold Project Highlights Bullabulling Gold Project Tenements & Geology Significantly De-Risked Asset with Exceptional Potential for Growth One of the largest 2.3Moz Mineral Resource1 undeveloped open- contained on granted pittable gold deposits in mining leases Australia ~12,000 holes fo
Slide 7: Located in the Heart of the Eastern Goldfields, Western Australia
Located in the Heart of the Eastern Goldfields, Western Australia Bullabulling Gold Project Location Attractive jurisdiction for mining Located ~65km from Kalgoorlie investment1 Proximate to power, roads, WA has 134 operating mines, 49 are towns and labour supply to gold projects producing ~70% of s
Slide 8: Site Overview
Site Overview Image looking north showing historical pits, rehabilitated leach pads and waste dumps, tailings storage facility and exploration camp Minerals 260 Limited 8
Slide 9: One of Australia's Largest Near-Term Production Gold Projects
One of Australia’s Largest Near-Term Production Gold Projects Bullabulling resource showing resource grades Bullabulling Mineral Resource (JORC 2012)1 Category Tonnes Grade Contained Mt g/t Au Moz Au Indicated 39 1.1 1.4 Inferred 21 1.3 0.9 Total 60 1.2 2.3 1 Bullabulling Mineral Resource Estimate (
Slide 10: ~12,000 Holes for 530,000m of Drilling Completed Supports an Accelerated Study
~12,000 Holes for 530,000m of Drilling Completed Supports an Accelerated Study and Near-Term Production Target Bullabulling resource showing resource classifications and historic drilling Bullabulling Mineral Resource (JORC 2012)1 Category Tonnes Grade Contained Mt g/t Au Moz Au Indicated 39 1.1 1.4
Slide 11: Bullabulling Mineralisation – Multiple Stacked Lodes
Bullabulling Mineralisation – Multiple Stacked Lodes Modelled Gold Grades and Drill Hole Traces Phoenix Cross Section Bacchus Cross Section Gold mineralisation at Bullabulling is associated with a continuous sequence of amphibolite ranging from hornblende-rich to quartz-rich overlying an ultramafic
Slide 12: Resource Remains Open at Depth and Along Strike
Resource Remains Open at Depth and Along Strike Bullabulling representative long section showing modelled gold mineralisation and historical intersections1 1 Bullabulling Mineral Resource Estimate (Snowden Optiro, December 2024). 0.5g/t Au cut-off grade and A$3,000 pit shell. Tonnages, grades and ou
Slide 13: Significant Exploration Potential from Existing Resource and Regionally
Significant Exploration Potential from Existing Resource and Regionally Bullabulling Exploration Plan Resource Extensions 1 Dicksons and Phoenix drilling focused on depth extensions 2 Phoenix pit the focus for in-fill drilling 3 Mineral Resource is open at depth at multiple locations 1 4 Bacchus dep
Slide 14: Bacchus and Kraken Drilling to Target Depth and Strike Extensions
Bacchus and Kraken Drilling to Target Depth and Strike Extensions Bacchus – Kraken Trend - Previous and Planned Drill Holes Minerals 260 Limited 14
Slide 15: Higher Grade Kraken Deposit is a High-Priority Target
Higher Grade Kraken Deposit is a High - Priority Target Kraken Deposit and Previous >1g/t Au Intercepts Minerals 260 Limited 15
Slide 16: Kraken - Gibraltar Trend is a High-Priority Exploration Area
Kraken - Gibraltar Trend is a High - Priority Exploration Area Kraken – Gibraltar Trend - Previous and Planned Drill Holes Minerals 260 Limited 16
Slide 17: Regional Exploration to Target Similar Structures to Bullabulling
Regional Exploration to Target Similar Structures to Bullabulling Aeromagnetic Imagery Showing Untested Lithological Contacts and Planned Drilling Minerals 260 Limited 17
Slide 18: Key Areas of the Pre-Feasibility Study
Key Areas of the Pre - Feasibility Study Study Area Scope Geology Update resource model with new drilling data and other opportunities Geotechnical Confirm rock stress and density at depth for optimized mine design Hydrology Confirm aquifer potential Mine planning Optimise mine and waste dump layout
Slide 19: Processing and Metallurgy
Processing and Metallurgy Processing Overview1 Significant amount of metallurgical testing data across all areas of the resource, including historical operational data. • 2012 options study completed by GR Engineering Services. • February 2013 pre-feasibility study completed by Bullabulling Gold (BA
Slide 20: Significant Historical Metallurgical Testing Provides Strong Foundations
Significant Historical Metallurgical Testing Provides Strong Foundations Report Year Summary of Testing Completed1 Number 1 1995 Grinding-Gravity Separation-Agitation leaching 2 2005 Heap Leaching 3 2011 Program of metallurgical test work on composites, communition and extraction optimization 4 2012
Slide 21: Drilling Results, Resource Update and Accelerated Study to Increase Value and De-Risk the Project
Drilling Results, Resource Update and Accelerated Study to Increase Value and De-Risk the Project Over the Next 3 Years Historical Work Accelerated drilling, study Indicative Development Plan1 and permitting phases enabled by significant work already done, including: 2025 2026 2027 2028 ~530,000m Re
Slide 22: ASX: MI6
ASX: MI6 Scan the QR code to visit our website and sign up for the latest news @minerals-260-limited @minerals260 www.minerals260.com.au Level 2, 1292 Hay Street, West Perth WA 6005 +61 8 6556 6020 info@minerals260.com.au
Slide 23: Appendix
Appendix
Slide 24: Bullabulling Mineral Resource of 60.3Mt @ 1.2g/t Au for 2.3Moz
Bullabulling Mineral Resource of 60.3Mt @ 1.2g/t Au for 2.3Moz Bullabulling Mineral Resource Estimate as of December 20241 Indicated Inferred TOTAL By Area Tonnes (Mt) Grade (Au g/t) Ounces (koz) Tonnes (Mt) Grade (Au g/t) Ounces (koz) Tonnes (Mt) Grade (Au g/t) Ounces (koz) NORTH Bacchus 8.5 1.2 33
Slide 25: Geology
Geology Regional Geology The Yilgarn Craton in Western Australia’s Eastern Goldfields is Australia’s premier gold province • Bullabulling is located on the western edge of the Coolgardie Domain of the Kalgoorlie Terrane in the Archean-aged Yilgarn Craton • Coolgardie Domain is bounded by the north-
Slide 26: Bullabulling Resource and Planned Drilling – Phoenix
Bullabulling Resource and Planned Drilling – Phoenix Phoenix Cross-Section showing gold grades, drilling intercepts, planned holes and pit shells1 1 Bullabulling Mineral Resource Estimate (Snowden Optiro, December 2024). 0.5g/t Au cut-off grade and $3,000 pit shell. Tonnages, grades and ounces have
Slide 27: Bullabulling Resource and Planned Drilling – Dicksons
Bullabulling Resource and Planned Drilling – Dicksons Dicksons Cross-Section showing gold grades, drilling intercepts, planned holes and pit shells1 1 Bullabulling Mineral Resource Estimate (Snowden Optiro, December 2024). 0.5g/t Au cut-off grade and $3,000 pit shell. Tonnages, grades and ounces hav
Slide 28: Bullabulling Resource and Planned Drilling – Bacchus
Bullabulling Resource and Planned Drilling – Bacchus Bacchus Cross-Section showing gold grades, drilling intercepts, planned holes and pit shells1 1 Bullabulling Mineral Resource Estimate (Snowden Optiro, December 2024). 0.5g/t Au cut-off grade and $3,000 pit shell. Tonnages, grades and ounces have
Slide 29: Bullabulling Resource and Planned Drilling – Kraken
Bullabulling Resource and Planned Drilling – Kraken Kraken Cross-Section showing gold grades, drilling intercepts, planned holes and pit shells1 1 Bullabulling Mineral Resource Estimate (Snowden Optiro, December 2024). 0.5g/t Au cut-off grade and $3,000 pit shell. Tonnages, grades and ounces have be
Slide 30: Bullabulling Ounces Per Vertical Metre
Bullabulling Ounces Per Vertical Metre Bullabulling Ounces Per Vertical Metre (OVM) Tonnes Ounces Vertical Metre Ounces Vertical Metre Minerals 260 Limited 30
Slide 31: Bullabulling Grade Tonnage Curve
Bullabulling Grade Tonnage Curve Bullabulling Grade Tonnage Curve 90 1.80 Mt Au (g/t) 1.70 80 1.60 70 1.50 60 Million Tonnes 1.40 Au g/t 1.30 50 1.20 40 1.10 30 1.00 20 0.90 0.2 0.3 0.4 0.5 0.6 0.7 0.8 0.9 1 1.1 Cut-off grade Au g/t Minerals 260 Limited 31