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

Core Viewpoint - Minerals 260 has secured a $220 million strategic funding package from Franco-Nevada Corporation to advance the Bullabulling gold project in Western Australia, marking a significant investment in the region and enhancing the project's financial outlook [1][2]. Funding Details - Franco-Nevada's investment includes $170 million to increase its royalty on Bullabulling gold production from 1% to 2.45%, with $75 million paid upfront and $95 million contingent on regulatory approval [3][4]. - The royalty rate will decrease to 1.63% after cumulative production reaches 4 million ounces from the tenements [4]. Equity Stake - Upon completion of the investment, Franco-Nevada will hold a 4.9% equity stake in Minerals 260 [5]. Project Acceleration - The funding will enable the company to expedite the construction of a 400-room accommodation village, procure long-lead items, initiate early site works, and conduct a definitive feasibility study (DFS) [6][7]. - The company plans to expand its drilling campaign from 30,000 meters to support an updated mineral resource estimate of 130 million tonnes at 1 gram per tonne gold, equating to 4.5 million ounces [8].