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Minerals 260 Limited ( (AU:MI6) ) has shared an update.
Minerals 260 Limited has announced a significant acquisition of the Bullabulling Gold Project, a substantial gold mining asset in Western Australia, from Norton Gold Fields Pty Ltd, a subsidiary of Zijin Mining Group. This acquisition, valued at approximately A$166.5 million, positions Minerals 260 as a major player in the region due to the project’s extensive 2.3Moz gold resource and advanced infrastructure. The acquisition is subject to shareholder and regulatory approvals, and the company plans to finance the transaction through an equity raise, with further exploration and development activities planned to expand the resource potential and commence production.
More about Minerals 260 Limited
Minerals 260 Limited is involved in the gold mining industry, focusing on developing gold projects. The company is acquiring the Bullabulling Gold Project, one of Australia’s largest undeveloped gold assets, located in the resource-rich region of Western Australia.
YTD Price Performance: 0%
Average Trading Volume: 139,574
Technical Sentiment Consensus Rating: Buy
For an in-depth examination of MI6 stock, go to TipRanks’ Stock Analysis page.
