Exploration update at Aston Project in Western Australia

Minerals 260 Limited (ASX: $MI6) has identified uranium mineralisation at its Aston Project in Western Australia, with highly anomalous uranium and vanadium results recorded from rock chips at the Jailor Bore Extension (JBE) Prospect. The company is also preparing for its inaugural drill campaign across lithium targets at the Jamesons-Malinda trend and Pyramid Hill Prospect, following a heritage clearance survey. Minerals 260 remains well funded with a cash balance of $12.2M at the end of the March quarter.

Executive commentary on exploration activities

Minerals 260 Managing Director Luke McFadyen stated, 'Minerals 260 acquired the Aston Project in March 2023 and since the commencement of our exploration in May 2023 we have been primarily targeting lithium and rare earths. Although the Gascoyne Province is well known to host uranium prospectivity, this is the first time Minerals 260 has specifically targeted the commodity at Aston. This multi-commodity approach is consistent with our strategy to maximise the commercial options and potential of all our projects. We are excited to continue developing our understanding about the uranium potential at Aston while we also continue to plan for our inaugural drilling campaign for lithium this year'.

Exploration update summary and outlook

Minerals 260 (ASX: $MI6) has made significant progress in its exploration activities at the Aston Project, identifying uranium mineralisation at the Jailor Bore Extension Prospect and preparing for a maiden drilling program across lithium targets. The company's multi-commodity approach aligns with its strategy to maximize the commercial options and potential of all its projects. With a well-funded position and ongoing exploration planning, Minerals 260 is poised to further advance its understanding of the uranium potential at Aston and execute its inaugural drilling campaign for lithium, demonstrating its commitment to comprehensive exploration and potential future developments.