Minerals 260 lines up A$410M for gold project

AI desk brief

Minerals 260 secured A$410 million in bank debt commitments for Western Australia’s Bullabulling gold project, comprising A$335 million in project finance and A$75 million in working capital, without mandatory gold-price hedging. Combined with equity and royalty funding, the package would cover development through first production, the company said. Financing remains conditional on feasibility work, due diligence and final agreements, with a construction decision due early 2027. Prefeasibility envisages roughly 150,000 ounces annually over the first decade; production could start in second-half 2028. This advances the company’s development outlook but establishes no near-term bullion-price direction.