Argonaut is proud to have acted as Joint Lead Manager to Minerals 260 Limited (ASX: MI6) on its successful A$220 million Public Offer, funding the acquisition of the Bullabulling Gold Project from Norton Gold Fields Pty Ltd, a subsidiary of Zijin Mining Group.

The Bullabulling Gold Project, located in Western Australia’s world-class gold district, is one of the largest undeveloped open-pittable gold deposits in the country. This transaction marks a significant step for Minerals 260, setting the company on the path to becoming a leading mid-tier ASX mining company. The funds raised will also support extensive drilling, feasibility studies, and project development activities to unlock the full potential of the project.

With a strong gold price environment and ongoing investor interest in quality resource projects, this capital raising reflects confidence in well-positioned Australian gold assets. Argonaut is delighted to support Minerals 260 in this milestone transaction and remains committed to delivering strategic financial solutions that drive growth in the sector.

Congratulations to Tim Goyder, Luke McFadyen, and the team at Minerals 260. A fantastic outcome with Argonaut’s deal team led by Edward Rigg, Rob Telford, Max Carter-Mazak, and Thomas Brosnan, and ECM syndication directed by Chris Wippl and Digby Gilmour.