Bell Potter raises valuation for Australia's Minerals 260 after resource upgrade

Minerals 260

03/12/2025 04:31

** Shares of Australia's Minerals 260 MI6.AX rise 5.4% to A$0.39

** Bell Potter raises co valuation by 32% to A$0.75 per share

** Cites discovery success, resource growth, project advancement and de-risking as co's Bullabulling gold project (BGP) progresses

** MI6 reported 96% jump in contained gold as its mineral resource estimate for the Bullabulling project in Western Australia on Monday

**  BGP now screens as one of the largest undeveloped gold
resources on the ASX and, in our view, an attractive takeover target following the acquisition of other leading deposits in the last 9 months - Bell Potter

** YTD, shares up 201.9%

 (Reporting by Shruti Agarwal in Bengaluru)

 ((Shruti.Agarwal@thomsonreuters.com))