Minerals 260 (ASX:MI6) reported about AU$250 million in cash and term deposits at March 31, according to a Tuesday Australian bourse filing.
The company said its pre-feasibility study and maiden ore reserve for the Bullabulling gold project remain on track for release in July, with seven drill rigs currently on site, and a mineral resource estimate update planned for release in August.
The company's shares fell 1% in recent Tuesday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.