Minerals 260 Limited - M16 share price
About Minerals 260 Limited
Minerals 260 Limited (ASX: MI6), on 23 February 2026 presented its vision of developing a new gold producer in Australia with the focus being on the Bullabulling Gold Project. It has set a target of commencing production towards the end of 2028. A major milestone is the A$220 million strategic funding package from Franco Nevada. This includes A$170 million for an increase in royalty to 2.45% and a A$50 million equity investment at a premium price, making Franco Nevada a 4.9% shareholder. This is noted as Franco-Nevada’s largest investment in Australia and is seen as strong external validation of the project’s scale and quality. The project already has granted Mining Leases and a Native Title Agreement in place with a development pathway moving from PFS to DFS, then construction and operations using conventional open pit mining and carbon-in-leach processing.
Company Profile
Disclaimer: The above financial data is sourced from EODHD and is for informational purposes only. Veye does not guarantee the accuracy or completeness of this data. Investors should conduct their own research and consult with a financial advisor before making investment decisions.
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