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Minerals 260 Ltd ASX:MI6

1 opened or increased7 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 8 managers in total.

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2026

20 Apr 2026 to today

Commentary Showing 2 of 12

DateManagerActionSummary

31 Aug 2026Solaris Investment ManagementHeldSolaris Investment Management continues to hold Minerals 260 because the stock rose 48.3% following an update on its Bullabulling Gold Project that highlighted high-grade potential, throughput upside, and progress on water access and permitting. The fund manager notes that these developments come ahead of a targeted mid-2027 final investment decision for the project, positioning the company favourably as it advances toward a development decision. Solaris Investment Management's commentary reflects continued confidence in the project's resource quality and permitting progress as key catalysts for the stock.

Gold ExplorationMonthly Report, price recorded $0.88

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30 Jun 2026Firetrail InvestmentsHeldFiretrail Investments continues to hold Minerals 260 without change, noting the gold developer underperformed alongside the weaker gold price, but released two drilling updates during the month at its Bullabulling project aimed at lifting resource confidence and scale. The manager suspects newly disclosed high-grade zones at depth will support development of a high-grade underground operation alongside the existing lower-grade open pit, which is expected to boost overall production potential for the project.

Monthly Report, price recorded $0.73

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10 more comments on MI6Pro shows every comment, with a link to each source document.

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First mention by manager

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Price at first mentionThe share price recorded when each of 8 managers first commented on MI6.

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Articles

About Minerals 260 Ltd

Materials, Metals and Mining

Minerals 260 (ASX:MI6), a gold developer, has attracted strong interest after a major royalty deal. In August 2026, Solaris reported Minerals 260 rose 48% after an update on its Bullabulling Gold Project highlighted high-grade potential, throughput upside and progress on water access and permitting. Seneca noted Franco-Nevada struck a $220 million royalty deal with Minerals 260, signalling confidence in the project. Firetrail reported a 21% rise on drilling results from the 4.5 million ounce Bullabulling deposit, and Fairview sees gold miners benefiting in a stagflation scenario. Minerals 260 operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 10 comments from 6 fund managers, including Solaris, Seneca, Firetrail and Fairview. Founded in 2021 and headquartered in West Perth, Minerals 260 is developing the Bullabulling Gold Project near Coolgardie in Western Australia, one of the largest undeveloped open-pit gold deposits in the state.

Market cap: $1.9b
Price to earnings: Loss-making
Return on equity: -32.0%
Dividend yield: 0.0%
Price to book: 9.75x
52-week range: $0.26 to $1.00

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Minerals 260 Ltd (ASX:MI6)?

Fund managers including Seneca Financial Solutions have invested in Minerals 260 Ltd (ASX:MI6).

What opportunities or catalysts do fund managers highlight for Minerals 260 Ltd?

Managers highlight a 4.5 million ounce resource, high-grade drilling results, a $220 million royalty from Franco-Nevada and progress on permitting and water access, according to Solaris, Seneca and Firetrail.

What are the key risks to the Minerals 260 Ltd investment thesis, according to fund managers?

Firetrail notes the shares underperformed when gold prices weakened, and development still requires permits, funding and construction.

What does Minerals 260 Ltd (ASX:MI6) do?

Minerals 260 Ltd, founded on June 4, 2021, is an Australian mineral exploration and evaluation company headquartered in West Perth. The company operates through two segments: Exploration and Evaluation, and Corporate. Its core project portfolio includes the Moora and Koojan projects, Aston, and Dingo Rocks. Minerals 260 focuses on the systematic identification and assessment of prospective mineral assets.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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