Minerals 260 (MI6) Stock Overview

Engages in the exploration and evaluation of mineral resources in Australia. More details

MI6 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 45% below our estimate of its fair value

Earnings are forecast to grow 54.32% per year

Analysts in good agreement that stock price will rise by 50%

Risk Analysis

Makes less than USD$1m in revenue (A$0)

Has less than 1 year of cash runway

MI6 Community Fair Values

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Minerals 260 Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Minerals 260
Historical stock prices
Current Share Price	AU$0.88
52 Week High	AU$1.00
52 Week Low	AU$0.17
Beta	1.74
1 Month Change	18.92%
3 Month Change	-4.86%
1 Year Change	433.33%
3 Year Change	58.56%
5 Year Change	n/a
Change since IPO	46.67%

Recent updates

Analysis Article • Apr 26

Here's Why We're Not At All Concerned With Minerals 260's (ASX:MI6) Cash Burn Situation

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...

Analysis Article • Jan 06

We're Interested To See How Minerals 260 (ASX:MI6) Uses Its Cash Hoard To Grow

We can readily understand why investors are attracted to unprofitable companies. For example, although...

Analysis Article • Sep 15

Companies Like Minerals 260 (ASX:MI6) Can Afford To Invest In Growth

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...

Shareholder Returns

	MI6	AU Metals and Mining	AU Market
7D	8.0%	-3.7%	-2.9%
1Y	433.3%	34.5%	-2.6%

Return vs Industry: MI6 exceeded the Australian Metals and Mining industry which returned 34.5% over the past year.

Return vs Market: MI6 exceeded the Australian Market which returned -2.6% over the past year.

Price Volatility

Is MI6's price volatile compared to industry and market?
MI6 volatility
MI6 Average Weekly Movement	11.7%
Metals and Mining Industry Average Movement	11.1%
Market Average Movement	9.6%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	3.9%

Stable Share Price: MI6 has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: MI6's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2021	n/a	Luke McFadyen	minerals260.com.au

Minerals 260 Limited engages in the exploration and evaluation of mineral resources in Australia. The company explores for gold, palladium, nickel, copper, and rare earths elements, as well as precious and battery-related metals. The company holds 100% interest in the Bullabulling Gold Project located in south-west of Kalgoorlie, Western Australian in the Eastern Goldfields; and the Moora project covering an area of 371 square kilometers located in Julimar Mineral Province, Western Australia.

Minerals 260 Limited Fundamentals Summary

How do Minerals 260's earnings and revenue compare to its market cap?
MI6 fundamental statistics
Market cap	AU$2.00b
Earnings (TTM)	-AU$33.26m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-60.1x

P/E Ratio

Is MI6 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MI6 income statement (TTM)
Revenue	AU$0
Cost of Revenue	AU$0
Gross Profit	AU$0
Other Expenses	AU$33.26m
Earnings	-AU$33.26m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.015
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did MI6 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/13 05:48
End of Day Share Price	2026/09/11 00:00
Earnings	2025/12/31
Annual Earnings	2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Minerals 260 Limited is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Dale Koenders	Barrenjoey Markets Pty Limited
Richard Knights	Barrenjoey Markets Pty Limited
David Coates	Bell Potter

Minerals 260 (MI6) Stock Overview

Rewards

Risk Analysis

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Minerals 260 Limited Competitors

EQ Resources

Perenti

Macmahon Holdings

Imdex

Price History & Performance

Recent News & Updates

Price target increased by 7.1% to AU$1.32

Forecast breakeven date pushed back to 2029

Minerals 260 Expands Bullabulling Project Area and Adds New Gold Exploration Prospects

New major risk - Financial position

Independent Non-Executive Director exercised options to buy AU$465k worth of stock.

New minor risk - Share price stability

Recent updates

Price target increased by 7.1% to AU$1.32

Forecast breakeven date pushed back to 2029

Minerals 260 Expands Bullabulling Project Area and Adds New Gold Exploration Prospects

New major risk - Financial position

Independent Non-Executive Director exercised options to buy AU$465k worth of stock.

New minor risk - Share price stability

Non-Executive Director exercised options to buy AU$285k worth of stock.

New minor risk - Share price stability

Minerals 260 Limited, Annual General Meeting, Nov 21, 2025

Price target increased by 17% to AU$0.32

Minerals 260 Limited Announces Executive Appointments

Forecast to breakeven in 2028

Non-Executive Chairman recently bought AU$2.9m worth of stock

Less than half of directors are independent

Minerals 260 Limited (ASX:MI6) acquired Bullabulling Gold Limited from Norton Gold Fields Pty Ltd for approximately AUD 170 million.

Minerals 260 Limited has completed a Follow-on Equity Offering in the amount of AUD 220 million.

Minerals 260 Limited has filed a Follow-on Equity Offering in the amount of AUD 220 million.

Minerals 260 Limited (ASX:MI6) entered into binding agreement to acquire Bullabulling Gold Limited from Norton Gold Fields Pty Ltd for approximately AUD 170 million.

MD & Director recently bought AU$50k worth of stock

Less than half of directors are independent

Minerals 260 Limited, Annual General Meeting, Nov 22, 2024

New minor risk - Financial data availability

New major risk - Share price stability

New minor risk - Share price stability

New minor risk - Share price stability

Independent Non-Executive Director recently bought AU$120k worth of stock

Minerals 260 Limited Appoints David Richards to Non-Executive Director

Minerals 260 Limited Appoints Luke McFadyen as Managing Director

New minor risk - Financial data availability

New minor risk - Financial data availability

Non-Executive Director recently bought AU$125k worth of stock

Minerals 260 Limited Announces Transition of Richards to Non-Executive Director

Here's Why We're Not At All Concerned With Minerals 260's (ASX:MI6) Cash Burn Situation

Minerals 260 Limited Provides an Update on the Extensive Reverse Circulation Drilling Program Which Commenced in November 2022 to Test Multiple Targets Across the Moora and Koojan Projects in Western Australia

We're Interested To See How Minerals 260 (ASX:MI6) Uses Its Cash Hoard To Grow

Minerals 260 Limited Announces Major Drilling Campaign Underway At Moora and Koojan

High number of new and inexperienced directors

Minerals 260 Limited Announces Significant Bedrock Palladium-Platinum Intersect for the First Time At Moora Ahead of Major New Drilling Program

Independent Non-Executive Director recently bought AU$82k worth of stock

Minerals 260 Limited Advises Further Results from Follow-Up Reverse Circulation Drilling

Minerals 260 Limited, Annual General Meeting, Nov 22, 2022

Companies Like Minerals 260 (ASX:MI6) Can Afford To Invest In Growth

Minerals 260 Limited Announces Retirement of Craig Williams as Non-Executive Director Craig Williams

Minerals 260 Limited Advises Initial Assay Results from Follow-Up Reverse Circulation

Minerals 260 Limited Announces Appointment of Curtis Abbott as Chief Financial Officer, Effective July 1, 2022

Minerals 260 Limited Commences New Drilling Program at its 100%-Owned Moora Gold-Pge-Nickel-Copper Project, WA

High number of new and inexperienced directors

Minerals 260 Limited Announces Second Significant Copper-Gold Zone Discovered At Moora

Minerals 260 Limited Announces Wide Copper-Gold Zone Confirmed At Moora

Minerals 260 Limited Receives Assay Results for the First Four Holes of Recently Completed Drilling Program At Its 100%-Owned Moora Project in Western Australia

High number of new and inexperienced directors

High number of new and inexperienced directors

Shareholder Returns

Price Volatility

About the Company

Minerals 260 Limited Fundamentals Summary

Earnings & Revenue

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources