Minerals 260 (ASX: MI6) has completed its acquisition of the open pit Bullabulling Gold Project located 25km south-west of Coolgardie in the Eastern Goldfields region of Western Australia.
Following completion of the recent $220 million capital raising and having satisfied all other conditions precedent of the share purchase agreement signed on 1 January 2025 with Norton Gold Fields, the company is working closely with the Australian Securities Exchange (ASX) to satisfy all outstanding conditions for re-admission and re-quotation and remains on track for its shares to recommence trading on 10 April 2025.
Drilling will start on 16 April following significant early planning by the company to secure permits of work, appoint drilling contractors and ensure team members were ready to go once the acquisition completed.
Minerals 260 has retained Allens as legal advisor, Greenhill & Co as financial advisor, while Bell Potter Securities and Argonaut Securities were joint lead managers of the capital raise.
Commenting on the acquisition, Chairman Tim Goyder says the deal is a transformational moment for Minerals 260. “Exploration is in my DNA and I’m excited to see the imminent start of drilling at the numerous targets at depth and along strike. We’re now at the starting line of an exciting journey for MI6 shareholders – let’s go,” Goyder says.
Write to Adam Orlando at Mining.com.au
Images: Minerals 260
