Minerals 260 Limited announced that it has commenced a program of follow-up Reverse Circulation (RC) and diamond core drilling at the Mynt prospect on its wholly- owned Moora Project located ~150km north-east of Perth, Western Australia. The drilling will target strike and depth extensions of recently reported intersections which included 21m @ 1.3% Cu and 0.4g/t Au from 119m (MRRC0089) and 11m @ 1.5% Cu and 0.6g/t Au from 118m (MRRC0100). The Company originally intended to await assay results which are pending for 14 recently completed drill holes at Mynt before planning further drilling.

However, given the potential for the prospect to host a significant mineralised system and the likely early commencement of cropping activities, the Company has elected to immediately undertake a further 6-13 hole/1,000-1,500m program based on the available data and visual observations. The drilling, which is scheduled to continue until mid-March 2023, will test approximately 500m of strike of an interpreted +1km mineralised zone and to a vertical depth of 300m. Assays are also pending for another 26 holes drilled elsewhere on the Moora Project and the adjacent Koojan JV area as part of a recently completed 82-hole/12,959m RC program designed to test multiple targets defined by previous geochemical and geophysical surveys.

The Moora Project forms part of a contiguous, 1,000km2 land package which includes the adjacent Koojan JV, where the Company is in joint venture with Lachlan Star Limited and has earned an initial 30% equity with the right to increase this to 51%.