Minerals 260 Limited provided an update on the extensive Reverse Circulation (RC) drilling program which commenced in November 2022 to test multiple targets across the Moora and Koojan Projects ("Projects") in Western Australia. The Projects form a contiguous, 1,000km2 land package located approximately 150km north-east of Perth in the Julimar Mineral Province of SW Western Australia. At the Koojan Project, 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%.

The drilling program was planned to comprise up to 100 holes for approximately 15,000m, testing 26 geochemical and/or geophysical targets defined by previous exploration. Since drilling began, 55 holes have been drilled for 8,898m. Due to the timing of harvesting activities, drilling across the higher priority targets, including the Mynt prospect, did not commence until early January 2023.

In early 2022, drilling at Mynt intersected significant copper-gold mineralisation in a single RC hole (MRRC0040) coincident with a 1.5km anomalous trend defined by geochemistry and geophysics. Follow-up drilling at Mynt commenced in January 2023 and comprised an initial program of 10 wide-spaced RC holes with a second phase of combined RC/diamond cores to be drilled if supported by geological logging. The initial phase of follow-up drilling at Mynt has been completed with assays pending for all holes.

Based on geological observations, the Company believes that a second phase of drilling comprising a further nine RC holes and four diamond core holes is warranted. While the Company is encouraged by these observations, there is no guarantee that ore grade assays will be returned from the initial phase of drilling. Further GAIP and DHEM will also be completed at Mynt to optimise siting of the Phase 2 drill holes.

Assays have been received for 24 holes which were drilled at the Acga PGE prospect (MRRC0055ext, MRRC0058 ­ 0059) on the Moora Project, as well as several targets on the Koojan JV (MRRC0060-0068 and MRRC0070 ­ 0074, 0077, 0079, 0084-0086 and 0090). At the Acga prospect, previous drilling intersected significant PGE mineralisation ­ 3m @ 0.52g/t PGE from 177 -180m ­ at the bottom of hole MRRC0055, which was subsequently extended to 252m as part of the current program. MRRC0058 and MRRC0059 were drilled to the west of MRRC0055 with both holes intersecting highly anomalous PGE values indicating a shallow north- easterly dip for the mineralised zone: MRRC0058: 3m @ 0.33g/t PGE from 134 ­ 136m; MRRC0059: 5m @ 0.10g/t PGE from 32 ­ 37m; and 4m @ 0.15g/t PGE from 55 ­ 59m.

Drilling is continuing on the Moora and Koojan Projects with a further 25-30 holes planned for a total of 4,500- 5,000m drilling. This includes the Phase 2 drilling at Mynt which will comprise 13 holes for a total of approximately 2,500m and three holes for approximately 600m at the advanced Angepena gold prospect.