The first three gold doré bars have been sent to the Perth Mint Refinery for final refining.
The licences, EPL4458 and EPL 6691, have potential for rare earth mining development.
The investment will result in Franco-Nevada holding a 4.9% stake in Minerals 260.
The expansion is structured to access higher-grade gold mineralisation and enhance operational efficiency.
The contract strengthens the two companies' partnership, which has been in place for more than two decades.
The copper mine will undergo refurbishment to facilitate the restart of copper sulphide production.
