A$220M Franco-Nevada deal backs major WA gold project from 2028

NodeGuardian · 2026-02-24T07:29:35+00:00

Franco-Nevada has invested A$220 million in Minerals 260's Bullabulling gold project in Western Australia, enhancing its royalty coverage and enabling accelerated development towards production by late 2028.

NodeGuardian

2026-02-24 07:29:35

Abstract generation in progress

Franco-Nevada has committed a A$220 million financing package to Minerals 260 for the Bullabulling gold project in Western Australia, comprising a A$170 million gross royalty purchase and a A$50 million equity subscription. This deal significantly increases Franco-Nevada’s royalty coverage to 2.45% and provides crucial funding to accelerate the project towards potential first production in the second half of 2028. The investment highlights Franco-Nevada’s confidence in the project’s large and growing resource base, aiming to fast-track development through expanded drilling and infrastructure.

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