Minerals 260 Secures Final Funding Milestone for Bullabulling Gold Project
Minerals 260 Limited (ASX: MI6) has achieved a key funding milestone following approval from Australia’s Foreign Investment Review Board (FIRB) for Franco-Nevada’s final AU$95 million royalty payment. This approval enables the completion of the previously announced AU$220 million strategic funding package, aimed at advancing the Bullabulling Gold Project in Western Australia. The funding strengthens Minerals 260’s financial position, allowing it to accelerate project development, expand exploration activities, and reduce funding risks. The Bullabulling project, located near Kalgoorlie, hosts a substantial mineral resource of approximately 4.5 million ounces of gold, supporting its long-term production potential. The Bullabulling Gold Project is a potential open-pit mining operation situated around 65km from Kalgoorlie in Western Australia. It contains a JORC-compliant mineral resource of approximately 130 million tonnes at an average grade of 1.0 grams per tonne gold, translating to about 4.5 million ounces of gold. The project spans a large contiguous tenement area of roughly 600 square kilometres, indicating strong scale and exploration upside. Management highlighted that the partnership with Franco-Nevada, a leading global royalty company, reflects strong external validation of the project’s quality. The completed funding package positions the company to progress towards production while enhancing strategic flexibility and operational momentum in a favourable gold market environment.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Minerals 260 Secures Final Funding Milestone for Bullabulling Gold Project
Minerals 260 Limited (ASX: MI6) has achieved a key funding milestone following approval from Australia’s Foreign Investment Review Board (FIRB) for Franco-Nevada’s final AU$95 million royalty payment. This approval enables the completion of the previously announced AU$220 million strategic funding package, aimed at advancing the Bullabulling Gold Project in Western Australia. The funding strengthens Minerals 260’s financial position, allowing it to accelerate project development, expand exploration activities, and reduce funding risks. The Bullabulling project, located near Kalgoorlie, hosts a substantial mineral resource of approximately 4.5 million ounces of gold, supporting its long-term production potential. The Bullabulling Gold Project is a potential open-pit mining operation situated around 65km from Kalgoorlie in Western Australia. It contains a JORC-compliant mineral resource of approximately 130 million tonnes at an average grade of 1.0 grams per tonne gold, translating to about 4.5 million ounces of gold. The project spans a large contiguous tenement area of roughly 600 square kilometres, indicating strong scale and exploration upside. Management highlighted that the partnership with Franco-Nevada, a leading global royalty company, reflects strong external validation of the project’s quality. The completed funding package positions the company to progress towards production while enhancing strategic flexibility and operational momentum in a favourable gold market environment.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au