Denver Gold Group member
Minerals 260
- ASX: MI6
- Developer (construction/feasibility)
- Gold
- Perth, Australia
Company profile
Minerals 260 (ASX:MI6) was trading around a $30M market cap before it transformed itself in early 2025 with the acquisition of the Bullabulling Gold Project near Coolgardie, West Australia for $166M. Backed by a $220M equity raise to complete the deal, raising over 7 times its market capitalisation is now the record for an ASX company. Over 180,000m of drilling since has grown the resource from 2.3Moz to 6.2Moz, with the July 2026 PFS delivering a maiden 2.5Moz ore reserve and a pathway to 200,000oz of annual production commencing by end-2028. In February 2026, Franco-Nevada, the largest global royalty company, endorsed the project with a A$220M financing package (A$170M royalty plus A$50M equity for a 4.9% stake) for their largest investment ever in Australia. The market cap has re-rated from $30M to roughly A$1.75B, the company entered the ASX200 in June 2026 and has made MI6 one of the ASX's standout gold development stories.
The Bullabulling Project is significantly de-risked, underpinned by extensive historical drilling, comprehensive metallurgical testing, and proximity to key infrastructure — enabling an accelerated pathway to development.
Minerals 260 is chaired by Tim Goyder, one of Australia's most successful company directors and investors, and led by an experienced team with a strong track record in project development and value creation.
At Mining Forum Australia
A Denver Gold Group member company
Member companies meet qualified investors in unmediated 1x1 Meetings at every Mining Forum. The 2027 issuer list is published as companies confirm.
Peer groupthe five most similar Denver Gold Group members, 1 = most similar
| Rank | Company | Stage | Minerals | Primary operations | Market cap | 2025 production | Reserves | Match by factor |
|---|---|---|---|---|---|---|---|---|
| This company | Minerals 260ASX: MI6 | Developer | Gold | Australia | $1.5B | 2.5 Moz | ||
| 1 | Rox ResourcesASX: RXL | Developer | Gold | Australia | $599M | 0.674 Moz | ||
| 2 | Catalyst MetalsASX: CYL | Producer | Gold | Australia | $1.2B | |||
| 3 | Astral ResourcesASX: AAR | Developer | Gold | Australia | $238M | 1.1 Moz | ||
| 4 | Osisko Gold Group Inc.NYSE: OGG | Developer | Gold | Canada | $832M | 2.071 Moz | ||
| 5 | Vista Gold Corp.NYSE Arca: VGZ | Developer | Gold, Silver | Australia | $328M | 5.19 Moz |
close partial distant not reported Dots run in the order market cap, stage, minerals, country, production, reserves. Similarity weighs market capitalisation 25%, stage of development 20%, primary and secondary minerals 20%, primary country of operations 10%, production 12.5% and reserves 12.5%, with sizes compared on a logarithmic scale. Production and reserves are compared only between companies with the same primary mineral, and a figure a company has not supplied is left out of the score instead of counting against it. A statistical grouping for orientation, not a recommendation or a valuation comparison.
Prepared for information only; it is not investment advice or a recommendation. Company data as supplied to Denver Gold Group by member companies and public market sources. Market figures in US dollars as at 20 September 2026.