Franco-Nevada Corporation will acquire a A$170 million gross royalty from Minerals 260 Limited through a wholly owned Australian subsidiary and invest A$30 million in Minerals 260 shares as a lead order in a future equity financing. The transactions will increase Franco-Nevada’s interest in Australia’s Bullabulling Gold Project to a 3.90% gross royalty, expand its area of interest to 10 kilometers around historical royalty tenure and raise the production threshold for a royalty step-down from 4 million ounces to 6 million ounces. Bullabulling, located about 65 kilometers from Kalgoorlie in Western Australia, has 4.4 million ounces of Indicated Resources and 1.7 million ounces of Inferred Resources following a July 2026 resource upgrade. Minerals 260 completed a pre-feasibility study in July 2026 and expects a definitive feasibility study and final investment decision in early 2027, with first gold potentially in the second half of 2028. Franco-Nevada said the additional financing brings its aggregate support for Bullabulling to A$420 million, following a A$220 million package provided in February 2026.