Minerals 260's Initial Metallurgy Shows Production Upside Potential, Says Euroz Hartleys

MT Newswires Live10-13

Minerals 260's (ASX:MI6) metallurgical test work program for the Bullabulling gold project in Western Australia shows upside potential, said Euroz Hartleys in a Monday note.

The company on Monday said initial results from its metallurgical test work program for the project showed recoveries of over 95%.

The research firm said that it is not aware of any mid-tier, Australia-listed peer of the company that has a study or permitting stage project capable of producing around 150,000 ounces a year, with the low risks in its favor, helped by straightforward metallurgy and permitting pathway.

Euroz Hartleys has maintained a speculative buy rating on Minerals 260 with a price target of AU$0.40.

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