Exploration activities update at Moora and Koojan Projects

Minerals 260 Limited (ASX: $MI6) has provided an update on its exploration activities at the Moora and Koojan base and precious metals projects in Western Australia. The recent drilling and follow-up exploration programs primarily focused on the Mynt copper-gold prospect, part of the 100%-owned Moora Project.

Executive Commentary on Exploration Results

We continue to be encouraged by the exploration results at Mynt and more broadly across the Moora Project. We have been successful in discovering further mineralisation at depth and along strike of Mynt as we seek to understand the potential scale of this high-grade copper-gold project. Our phased approach to exploration ensures we remain agile and disciplined with our allocation of capital but at the same time we are focused on unlocking the potential value of this project expeditiously.

Summary of Exploration Activities and Outlook

The recent multi-faceted exploration program at the Moora and Koojan Projects has expanded the scale of the Mynt copper-gold prospect and defined new targets within the prospective Moora Gravity Anomaly. High-grade copper-gold mineralisation intersected in diamond drilling at the Mynt prospect has shown promising results, with mineralisation remaining open at depth. The company remains well-capitalized with a cash balance of $13.6M at the end of the December quarter. Planning for the next phase of exploration activities, including finalization of drill targets and follow-up geophysical surveys, is ongoing, with the next phase of fieldwork set to commence in Q4 CY2024. The management's commentary reflects a positive outlook on the project's potential and the company's commitment to unlocking its value efficiently.