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Australian gold and battery-metals explorer advancing the Bullabulling gold project near Kalgoorlie and the Moora/Julimar project area in WA.
Australian gold and battery-metals explorer advancing the Bullabulling gold project near Kalgoorlie and the Moora/Julimar project area in WA.
Has no mine or sales, so it funds drilling and studies from money raised from shareholders and partners; revenue would start only if a mine is built. A funding arrangement with royalty company Franco-Nevada is its route toward financing development at Bullabulling.
In one line: A fast-scaling Western Australian gold-and-battery-metals explorer.
Moat: none. Pre-production explorer/developer; value depends on resource growth and construction financing, not an operating moat.
Headquarters: Perth, Australia · Founded: 2011
Size Minerals 260 (MI6.AX) is an Australia Materials company (Precious Metals) with a market value of $1.29B, the 156th largest of 316 Australia companies the cockpit tracks. Shares closed at A$0.75 on 6 Nov 2026.
Performance Over six months the shares gained 0.7%, against -8.2% for the median peer and +4.1% for the Australia market (cap-weighted) — 6th highest of 20 in its peer set.
Valuation It trades at 4.68× book value against a peer median of 3.08× (10th most expensive of 21).
Price implies The share price implies a return on equity of about 54.2%; Minerals 260 delivers 28.5%, so the price asks more than the business earns today.
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | A$0 | A$0 | A$0 | A$0 | A$0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | -A$340,000 | -A$340,000 | -A$161,556 | -A$155,137 | -A$55,672 |
| EBITDA | -A$65.5M | -A$65.5M | -A$12.6M | -A$8.14M | -A$13.9M |
| Net income | A$83.5M | A$83.5M | -A$11.5M | -A$7.71M | -A$13.1M |
| Free cash flow | -A$61.5M | -A$61.5M | -A$11.5M | -A$5.92M | -A$6.34M |
| Capital expenditure | A$10.1M | A$10.1M | A$2.97M | A$101,511 | A$508,981 |
| Total debt | n/a | A$2.88M | A$510,235 | A$624,385 | A$96,756 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Minerals 260 MI6.AX | $1.29B | +1% | n/a | 28% | 4.68× | 54.2% |
| Chalice Mining CHN.AX | n/a | -37% | n/a | n/a | n/a | n/a |
| Vault Minerals VAU.AX | $4.19B | +21% | +35% | 13% | 2.83× | 25.1% |
| Catalyst Metals CYL.AX | $746M | -28% | +75% | 29% | 1.52× | 15.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MI6.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.2% | -5.0% | 5th lowest of 21 |
| 6-month return | +0.7% | -8.2% | 6th highest of 20 |
| Return on equity | 28.5% | 2.7% | 2nd highest of 21 |
| Price / book | 4.68× | 3.08× | 10th most expensive of 21 |
| Trailing P/E | 19.9× | 22.9× | 6th cheapest of 12 |
| ROE the price implies | 54.2% | 26.2% | 7th most demanding of 21 |
| ROE delivered | 28.5% | 4.6% | 2nd highest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Minerals 260 MI6.AX | Australia | $1.29B | +1% | n/a | 28% | 4.68× | 54.2% | 28.5% |
| AbraSilver Resource ABRA.TO | Canada | $1.30B | -37% | n/a | -113% | 34.64× | 355.9% | -112.6% |
| Perenti PRN.AX | Australia | $1.31B | -8% | -4% | 5% | 1.07× | 6.9% | 4.5% |
| i-80 Gold IAU.TO | Canada | $1.24B | -2% | +38% | -82% | 5.43× | 68.3% | -81.9% |
| EACON 7687.HK | Hong Kong | $1.23B | n/a | +46% | -80% | 9.81× | 25.6% | n/a |
| Vizsla Silver VZLA.TO | Canada | $1.18B | -1% | n/a | -11% | 2.79× | 24.8% | n/a |
| Benz Mining BZ.V | Canada | $1.15B | +120% | n/a | -153% | 22.56× | 218.6% | -152.6% |
| Bellevue Gold BGL.AX | Australia | $1.46B | -16% | +14% | 1% | 2.51× | 26.9% | 0.9% |
| Orezone Gold ORE.TO | Canada | $1.46B | +31% | +93% | 25% | 2.26× | 18.1% | 25.4% |
| Hemlo Mining HMMC.TO | Canada | $1.09B | -9% | n/a | -14% | 1.77× | 14.5% | n/a |
| Gogold Resources GGD.TO | Canada | $1.08B | +19% | +64% | 11% | 2.18× | 22.3% | 10.9% |
| RIO2 RIO.TO | Canada | $1.08B | -6% | n/a | 23% | 2.81× | 35.2% | 22.7% |
| New Pacific Metals NUAG.TO | Canada | $1.05B | 0% | n/a | -3% | 6.55× | 94.2% | -3.3% |
| Alkane Resources ALK.AX | Australia | $1.63B | +11% | +403% | 31% | 2.11× | 25.3% | 31.3% |
| Beijing Xiaocheng Technology Stock 300139.SZ | China | $1.64B | -25% | +39% | 12% | 9.54× | 93.2% | 12.5% |
| EQ Resources EQR.AX | Australia | $1.01B | +6% | +150% | 7% | 9.28× | 35.7% | 7.5% |
| Southern Cross Gold Consolidated SXGC.TO | Canada | $1.65B | -9% | n/a | -4% | 8.80× | 32.9% | -3.5% |
| Yunding Technology 000409.SZ | China | $960M | -18% | +6% | 5% | 3.35× | 21.0% | 4.6% |
| Tongguan Gold 0340.HK | Hong Kong | $1.73B | -14% | +65% | 26% | 2.77× | 11.8% | 25.5% |
| McEwen MUX.TO | Canada | $954M | -31% | +54% | 14% | 1.31× | 17.6% | 13.5% |
| Hycroft Mining HYMC | United States | $1.75B | -51% | n/a | -72% | 7.36× | 123.4% | -72.3% |