Minerals 260, an ASX-listed company with mining investor Tim Goyder as a backer, is aiming to raise $250 million. This capital raise is intended to advance its primary project, the Bullabulling gold project, which is located near Kalgoorlie in Western Australia.
According to a confidential term sheet distributed to fund managers, Argonaut, Bell Potter, and Euroz Hartleys are acting as joint lead managers for this fundraising initiative. Additionally, Canaccord and Morgans have been appointed as co-managers for the capital raise.
