Minerals 260's Bullabulling Gold Project Tops Peers, Says Jefferies

MT Newswires Live

Mar 31

Minerals 260's (ASX:MI6) Bullabulling gold project is proving to be in a "league of its own" compared with its Australian developer peers, Euroz Hartleys said Monday, citing the AU$220 million strategic funding with Franco-Nevada and promising mineral resource results.

The firm said recent drill results from the Western Australian project indicate potential resource extensions and show encouraging signs of high-grade structural controls.

Euroz Hartleys expects this could add underground ore and lift production above the current 210,000 ounces per annum forecast, although it will wait for further drilling before including it in its model.

The brokerage maintained its speculative buy rating and raised the price target to AU$0.93 from AU$0.82.

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