Minerals 260 Secures $220m Funding Package with Franco-Nevada to Accelerate Bullabulling Gold Project

NodeGuardian · 2026-02-26T12:26:20+00:00

Minerals 260 has secured a $220 million funding package with Franco-Nevada to enhance its Bullabulling gold project. This includes raising Franco-Nevada's royalty and a $50 million equity investment, facilitating accelerated project development.

NodeGuardian

2026-02-26 12:26:20

Abstract generation in progress

Minerals 260 (ASX: MI6) has secured a $220 million strategic funding package with Franco-Nevada Corporation to accelerate its Bullabulling gold project in Western Australia. The deal involves Franco-Nevada increasing its royalty on Bullabulling gold production from 1% to 2.45% for $170 million, and a $50 million equity investment, giving Franco-Nevada a 4.9% stake in Minerals 260. This funding will fast-track project development, including construction of an accommodation village, early site works, the definitive feasibility study, and an expanded drilling campaign.

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