Minerals 260 Limited ( (AU:MI6) ) has provided an announcement.
Minerals 260 Limited has completed the acquisition of the Bullabulling Gold Project from Norton Gold Fields, a subsidiary of Zijin Mining Group, for $166.5 million. The company also raised $220 million to fund an extensive drilling campaign and other studies at the Bullabulling site, which is one of Australia’s largest open-pittable gold resources. This acquisition and capital raising position Minerals 260 as a significant player in the gold project development sector, with the potential to enhance its market presence and operational capabilities.
More about Minerals 260 Limited
Minerals 260 Limited operates in the mining industry, focusing on the development of gold projects. The company is primarily engaged in exploring and developing significant gold resources, particularly in the Eastern Goldfields region of Western Australia.
YTD Price Performance: -3.85%
Average Trading Volume: 19,699,031
Technical Sentiment Signal: Buy
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