Minerals 260 Limited (Minerals 260) was incorporated as a wholly-owned subsidiary of Liontown Resources Limited (ASX: LTR) (Liontown) in June 2021 for the purpose of spinning-out certain assets held by Liontown, including 100% of the Moora Gold-Nickel-Copper-PGE Project (Moora Project), an option to earn a 51% interest in the Koojan Gold-Nickel-Copper-PGE Project (Koojan JV Project), the Dingo Rocks Project and tenement applications at Yalwest.

The spin-out will occur by way of a pro rata in-specie distribution of shares in Minerals 260 to Liontown shareholders (Demerger). In conjunction with the proposed Demerger, Minerals 260 intends to undertake an IPO and will make an application for admission to the Official List of the ASX.