Minerals 260 Limited advised that initial assay results from follow-up Reverse Circulation (RC) drilling have confirmed the potential for a significant gold-copper zone at the Zest prospect, which is part of the Company's 100%-owned Moora Project located 150km north-east of Perth in the Julimar Mineral Province of SW Western Australia. The Moora Project forms part of a contiguous, 1,000km land position which includes the adjacent Koojan JV, where the Company is in joint venture with Lachlan Star Limited and has the right to earn up to 51% equity. The Company recently completed a 16-hole/2,638m RC program drilling program over three targets: Zest - Drill-holes MRCC0042-0051 - Angepena - Drill-holes MRRC0052-0054 - Moora Gravity Anomaly (MGA) - Drill-holes MRRC0055-0057. The drilling at Zest and Angepena tested for strike and/or dip extensions of previously reported results, while the three holes into the MGA were designed to provide geological data from the southern part of the anomaly. Results have only been received for MRCC0043 at Zest, assaying of which was prioritised ahead of other holes based on geological logging. A total of 10 RC holes for 1,715m were drilled as part of the recent program at Zest to test for strike and dip extensions of mineralisation intersected earlier this year. The latest results appear to confirm the down-dip extension of the mineralisation with a 2-3 diamond core drilling program in progress to provide structural and geological data to support this interpretation. At Angepena, three RC holes were drilled for 359m (with assays pending) to provide further data on the orientation of the gold mineralisation, which has been defined over a strike length of 900m with the system remaining open along strike and at depth. Previously reported intersections include: MRRC0001 - 43m @ 1.8 g/t Au from 198-241m, including 18m @ 3.9g/t Au from 211-229m - MRAC0092 - 11m @ 1.5 g/t Au from 2-13m, including 5m @ 2.7g/t gold from 4-9m - MRDD0001 - 9m @ 1.1g/t Au from 100-109m, including 3m @ 2.7g/t Au from 102-105m - MRDD0003 - 4m @ 1.3g/t Au from 29-33m, including 1m @ 4.6g/t Au from 32-33m - 2.45m @ 5.6g/t Au from 64-66.45m, including 1.45m @ 9.4g/t Au from 65-66.45m 6m @ 1.1g/t Au from 124-130m, including 1.1m @ 5.3g/t Au from 128-129.1m - 4.32m @ 2.7g/t Au from 133-137.32m, including 1.61m @ 6.5g/t Au from 135.04-136.65m (and 2.28m @ 4.9g/t Au and 1.4% Co from 135.04-137.32m) - MRDD0004 - 15m @ 0.5g/t Au from 104-119m, including 1m @ 2.2g/t Au from 104-105m - 1m @ 2.4g/t Au and 1.5% Cu from 140-141m - 2m @ 0.4g/t Au and 1.6% Cu from 162-164m - 1m @ 0.1g/t Au and 0.8% Co from 182-183m - MRDD0005 - 4.6m @ 0.8g/t Au and 0.5% Cu from 48 - 52.6m, including 0.6m @ 5.0g/t Au and 2.7% Cu from 51-51.6m - MRRC0022 9m @ 2.8g/t Au from 3-12m, including 5m @ 4.7g/t Au from 3-8m 20m @ 0.9g/t Au from 24-44m, including 4m @ 3.5g/t Au from 32-36m. The MGA is a large gravity high (13km long and 2-4km wide), the northern part of which is coincident with Mt Yule Magnetic Anomaly. Three RC holes for 564m (assays pending) were drilled into the southern part of the MGA and intersected mafic lithologies interpreted to be the cause of the gravity high. Follow-up work will be planned once assays have been received for the recently completed drilling and
structural data from the ongoing diamond core program has been processed. Regional Exploration and Forward Planning: Regional exploration work completed earlier this year on the Moora Project and adjacent Koojan JV included the drilling of 126 air-core holes for 3,236m across previously defined targets and the collection of 5,664 geochemical samples. Assays are pending for all air-core holes and 2,113 geochemical samples. Assays received for the geochemical sampling have extended previous anomalism and defined new targets, a number of which are coincident with geophysical anomalies defined by gravity, aeromagnetics and Gradient Array Induced Polarisation (GAIP). Since listing last year, the Company's exploration on the Moora and Koojan Projects has intersected significant
mineralised zones at several prospects, all of which remain open, and defined numerous other targets for drill testing. A follow-up program of 10,000 - 15,000m RC drilling is scheduled for later this year (immediately following the harvest) with rigs currently being secured to undertake this work.