Minerals 260 Sells Aston Project to Focus on Bullabulling Gold

Minerals 260 Limited ( (AU:MI6) ) has provided an update.

Minerals 260 Limited has entered into a binding agreement to sell its Aston Lithium-REE Project to Delta Lithium Limited for $450,000 and a 1.5% net smelter royalty on future lithium sales. This sale aligns with Minerals 260’s strategic focus on developing the Bullabulling Gold Project, enhancing its position in the gold exploration sector while maintaining long-term exposure to lithium exploration through the royalty arrangement.

The most recent analyst rating on (AU:MI6) stock is a Buy with a A$0.28 price target. To see the full list of analyst forecasts on Minerals 260 Limited stock, see the AU:MI6 Stock Forecast page.

More about Minerals 260 Limited

Minerals 260 Limited is an exploration and development company that owns the Bullabulling Gold Project, which is a potential open pit mining operation located in the Eastern Goldfields region of Western Australia. The project hosts a significant mineral resource estimate and offers exploration upside with multiple prospective targets.

Average Trading Volume: 12,997,701

Technical Sentiment Signal: Hold

See more data about MI6 stock on TipRanks’ Stock Analysis page.