Key Highlights

  • Minerals 260 has been granted a works approval for its 100 percent-owned Bullabulling Gold Project in Western Australia.
  • The approval allows construction of the processing plant, power infrastructure and tailings storage facility.
  • Construction remains subject to a Native Vegetation Clearance Permit and a Mine Development and Closure Proposal.
  • The company is targeting a final Investment decision in the first quarter of calendar 2027 and first production in 2028.

Minerals 260 Limited (ASX:MI6) has received a Works Approval for its 100 percent-owned Bullabulling Gold Project from the Western Australian Department of Water and Environmental Regulation, according to an announcement dated 12 November 2026. The approval is an important step in the development of a project that hosts a JORC 2012 mineral resource of 190 million tonnes at 1.0 gram per tonne gold, containing 6.2 million ounces, on granted Mining leases.

What the approval allows

The Works Approval enables development of key facilities, including the processing plant, power infrastructure and tailings storage facility. The company describes the approval as ahead of its final investment decision, which should reduce the risk to the development schedule. The approval is not an unconditional go-ahead, as construction of these facilities remains subject to two further requirements: a Native Vegetation Clearance Permit and an approved Mine Development and Closure Proposal.

The project is located about 25 kilometres southwest of Coolgardie in the Eastern Goldfields. Its resource is spread across several deposits, including Dicksons, Phoenix, Bacchus, Kraken and Gibraltar, with a combined inferred and indicated base that the company is seeking to convert into mining schedules.

Remaining approvals and timetable

Other approvals for the project are being assessed through the Western Australian State approvals pathway. The company says these are on track to support the Board's final investment decision in the first quarter of calendar 2027. Its stated objective is first production in 2028, which depends on that decision and on the outstanding permits.

Final Word

The works approval removes one of the permitting steps before the Bullabulling plant and infrastructure can be built, while the remaining state approvals and the final investment decision will set the pace from here. Funding for construction is not addressed in the announcement, so the timeline also depends on financing arrangements that will be disclosed later. Until those steps are complete, the approval marks progress rather than the start of construction.