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Yahoo
06-08-2025
- Business
- Yahoo
Wudinna Gold Project - Grant of New Tenements
HIGHLIGHTS Grant of 'New Tenements' for Barton's Wudinna Gold Project; precedent-setting M&A transaction under South Australia's new regulations permitting tenement subdivision[1] ADELAIDE, AUSTRALIA / / August 5, 2025 / Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) ( Barton or Company ) is pleased to announce the granting of the 'New Tenements' for its recently acquired Wudinna Gold Project (Wudinna). 1 Exploration License Applications (ELAs) 2024/00032, 2024/0033, 2024/0034, 2024/0035 and 20240036 have all now been granted as Exploration Licences (ELs) 7074, 7075, 7076, 7077 and 7078 (respectively). Pursuant to the terms of acquisition, ELAs 7075, 706, 7077 and 7078 will be transferred to Barton as part of Final Settlement, and Barton will acquire gold and other rights over EL 7074. 1 Barton and Cobra will now complete an Escrow Agreement and the Orderly Market Agreement, pursuant to which $800,000 worth of Barton shares will be issued to Cobra Resources PLC. 1 Commenting on the New Tenements grant, Barton Managing Director Alexander Scanlon said: "We are pleased to be expeditiously progressing this highly valuable addition to Barton's South Australian gold development platform, and thank the South Australian Government for its support in expediting this process. "This is a precedent-setting M&A transaction under the State's new regulatory framework permitting tenement subdivisions, which we hope will serve as a model for increased investment in mining assets across the State." [1] Refer to ASX announcement dated 2 July 2025; capitalised terms in this document have the same meaning as defined in that document Authorised by the Board of Directors of Barton Gold Holdings Limited. For further information, please contact: Alexander ScanlonManaging 425 226 649 Jade CookCompany Secretarycosec@ 8 9322 1587 About Barton GoldBarton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000ozpa with 2.1Moz Au & 3.1Moz Ag JORC Mineral Resources (78.9Mt @ 0.85 g/t Au), brownfield mines, and 100% ownership of the region's only gold mill in the renowned Gawler Craton of South Australia.* Challenger Gold Project 223koz Au + fully permitted Central Gawler Mill (CGM) Tarcoola Gold Project 20koz Au in fully permitted open pit mine near CGM Tolmer discovery grades up to 84g/t Au & 17,600g/t Ag Tunkillia Gold Project 1.6Moz Au & 3.1Moz Ag JORC Mineral Resources Competitive 120kozpa gold & 250kozpa silver project Wudinna Gold Project 279koz Au project located southeast of Tunkillia Significant optionality, adjacent to main highway Competent Persons Statement & Previously Reported InformationThe information in this announcement that relates to the historic Exploration Results and Mineral Resources as listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent Person whose name appears in the same row, who is an employee of or independent consultant to the Company and is a Member or Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), Australian Institute of Geoscientists (AIG) or a Recognised Professional Organisation (RPO). Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he has undertaken to quality as a Competent Person as defined in the JORC Code 2012 (JORC). Activity Competent Person Membership Status Tarcoola Mineral Resource (Stockpiles) Dr Andrew Fowler (Consultant) AusIMM Member Tarcoola Mineral Resource (Perseverance Mine) Mr Ian Taylor (Consultant) AusIMM Fellow Tarcoola Exploration Results (until 15 Nov 2021) Mr Colin Skidmore (Consultant) AIG Member Tarcoola Exploration Results (after 15 Nov 2021) Mr Marc Twining (Employee) AusIMM Member Tunkillia Exploration Results (until 15 Nov 2021) Mr Colin Skidmore (Consultant) AIG Member Tunkillia Exploration Results (after 15 Nov 2021) Mr Marc Twining (Employee) AusIMM Member Tunkillia Mineral Resource Mr Ian Taylor (Consultant) AusIMM Fellow Challenger Mineral Resource Mr Ian Taylor (Consultant) AusIMM Fellow Wudinna Mineral Resource (Clarke Deposit) Ms Justine Tracey AusIMM Member Wudinna Mineral Resource (all other Deposits) Mrs Christine Standing AusIMM / AIG Member / Member The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company's Prospectus dated 14 May 2021 or as otherwise noted in this announcement, available from the Company's website at or on the ASX website The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets, continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the previous announcements. Cautionary Statement Regarding Forward-Looking InformationThis document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "expect", "target" and "intend" and statements than an event or result "may", "will", "should", "would", "could", or "might" occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. * Refer to Barton Prospectus dated 14 May 2021 and ASX announcement dated 25 July 2025. Total Barton JORC (2012) Mineral Resources include 1,049koz Au (39.7Mt @ 0.82 g/t Au) in Indicated category and 1,095koz Au (39.2Mt @ 0.87 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Resources. SOURCE: Barton Gold Holdings Limited View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
21-07-2025
- Business
- Yahoo
Central Gawler Mill Refurbishment Estimated at A$26m
Preliminary evaluation confirms low-cost pathway to production HIGHLIGHTS Capital cost for full reinstatement of Central Gawler Mill to original design basis (600ktpa fresh ore) estimated at only ~A$26m (±30%); processing cost estimated at only A$44.50/t Significant cost advantages versus building a new mill, or utilising third party toll milling Targeting feasibility by end of 2025 to support initial 'Stage 1' operations by end of 2026; early conversations underway for low-dilution credit and working capital financing ADELAIDE, AUSTRALIA / / July 20, 2025 / Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) ( Barton or Company ) is pleased to share that preliminary engineering analysis has confirmed that full reinstatement of the Central Gawler Mill ( CGM ) to its original 600ktpa fresh ore configuration is estimated at only A$26m (±30%). Full details are contained in the complete announcement, which can be accessed on the ASX website, the investor section of Barton's website, or directly by clicking here. Commenting on the refurbishment analysis, Barton Managing Director Alexander Scanlon said: "Our Central Gawler Mill offers significant leverage for a low-cost transition to production. A refurbishment cost of only A$26m is a fraction of the cost of building new, and the option to defer material elements of capex if first reprocessing tailings offers further advantages. Existing infrastructure also offers more financing options, and we don't need to seek third party toll milling services while sacrificing profitability. The building blocks for our regional development strategy are now in place, and we look forward to kicking it off at the Central Gawler Mill." Authorised by the Managing Director of Barton Gold Holdings Limited. For further information, please contact: Alexander ScanlonManaging 425 226 649 Jade CookCompany Secretarycosec@ 8 9322 1587 About Barton GoldBarton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000ozpa with 1.9Moz Au & 3.1Moz Ag JORC Mineral Resources (73.0Mt @ 0.79 g/t Au), brownfield mines, and 100% ownership of the region's only gold mill in the renowned Gawler Craton of South Australia.* Competent Persons Statement & Previously Reported Information The information in this announcement that relates to the historic Exploration Results and Mineral Resources as listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent Person whose name appears in the same row, who is an employee of or independent consultant to the Company and is a Member or Fellow of the Australasian Institute of Mining and Metallurgy ( AusIMM ), Australian Institute of Geoscientists ( AIG ) or a Recognised Professional Organisation (RPO). Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he has undertaken to quality as a Competent Person as defined in the JORC Code 2012 ( JORC ). Activity Competent Person Membership Status Tarcoola Mineral Resource (Stockpiles) Dr Andrew Fowler (Consultant) AusIMM Member Tarcoola Mineral Resource (Perseverance Mine) Mr Ian Taylor (Consultant) AusIMM Fellow Tarcoola Exploration Results (until 15 Nov 2021) Mr Colin Skidmore (Consultant) AIG Member Tarcoola Exploration Results (after 15 Nov 2021) Mr Marc Twining (Employee) AusIMM Member Tunkillia Exploration Results (until 15 Nov 2021) Mr Colin Skidmore (Consultant) AIG Member Tunkillia Exploration Results (after 15 Nov 2021) Mr Marc Twining (Employee) AusIMM Member Tunkillia Mineral Resource Mr Ian Taylor (Consultant) AusIMM Fellow Challenger Mineral Resource Mr Ian Taylor (Consultant) AusIMM Fellow The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company's Prospectus dated 14 May 2021 or as otherwise noted in this announcement, available from the Company's website at or on the ASX website The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets, continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the previous announcements. Cautionary Statement Regarding Forward-Looking Information This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "expect", "target" and "intend" and statements than an event or result "may", "will", "should", "would", "could", or "might" occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. * Refer to Barton Prospectus dated 14 May 2021 and ASX announcement dated 30 June 2025. Total Barton JORC (2012) Mineral Resources include 1,031koz Au (39.3Mt @ 0.82 g/t Au) in Indicated category and 834koz Au (33.8Mt @ 0.77 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Resources. SOURCE: Barton Gold Holdings Limited View the original press release on ACCESS Newswire Sign in to access your portfolio
Associated Press
30-06-2025
- Business
- Associated Press
Acquisition of Wudinna Gold Project - Binding Terms to Acquire 279koz Au South Australian Project
Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) (Barton or Company) is pleased to announce the acquisition of the Wudinna Gold Project (Wudinna) from Cobra Resources PLC (Cobra) (Transaction). Wudinna is located ~200km southeast of Barton's South Australian Tunkillia Gold Project (Tunkillia) and 200km west of Whyalla, South Australia in the north-central area of the Eyre Peninsula. The Wudinna Gold Project is comprised of the Barns, White Tank, Clarke and Baggy Green Deposits hosting a combined JORC (2012) Mineral Resources Estimate (MRE) of 279,000oz Au (5.81Mt @ 1.5 g/t Au). Table 1 - Wudinna Gold Project September 2023 JORC (2012) Mineral Resources Estimate [1] Subject to Completion of the Transaction, and further to Barton's other announcement of today's date updating the Challenger JORC (2012) MRE, Barton's total South Australian JORC Gold Mineral Resources endowment would then be 2.14Moz (78.9Mt @ 0.85 g/t Au), which is anticipated to grow further with the replacement of the estimate for Mineral Resources in the Challenger underground below the 900mRL level, which is currently underway. [2] Completion of the Transaction is subject only to the approval of Cobra shareholders at a general meeting anticipated to be held during July 2025 (EGM). Full details are contained in the complete announcement, which can be accessed on the ASX website, the investor section of Barton's website, or directly by clicking here . Commenting on the acquisition of Wudinna, Barton Managing Director Alexander Scanlon said: 'We are pleased to announce binding terms to acquire the Wudinna Gold Project, which upon Completion of the transaction will add a further 279,000oz gold to our South Australian development portfolio. The assets offer significant low-cost optionality to Barton's long-term regional development objectives, and we will be pleased to welcome Cobra and its shareholders to Barton's register as we steadily unlock value across our entire platform. 'We applaud South Australia for a new regulatory framework permitting the sub-division of mineral tenements. This enabled both a transaction which otherwise would not have materialised, and Wudinna's advancement.' Authorised by the Managing Director of Barton Gold Holdings Limited. For further information, please contact: About Barton Gold Barton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000ozpa with 1.9Moz Au & 3.1Moz Ag JORC Mineral Resources (73.0Mt @ 0.79 g/t Au), brownfield mines, and 100% ownership of the region's only gold mill in the renowned Gawler Craton of South Australia. * Competent Persons Statement & Previously Reported Information The information in this announcement that relates to the historic Exploration Results and Mineral Resources as listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent Person whose name appears in the same row, who is an employee of or independent consultant to the Company and is a Member or Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), Australian Institute of Geoscientists (AIG) or a Recognised Professional Organisation (RPO). Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he has undertaken to quality as a Competent Person as defined in the JORC Code 2012 (JORC). The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company's Prospectus dated 14 May 2021 or as otherwise noted in this announcement, available from the Company's website at or on the ASX website . The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets, continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the previous announcements. Cautionary Statement Regarding Forward-Looking Information This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'expect', 'target' and 'intend' and statements than an event or result 'may', 'will', 'should', 'would', 'could', or 'might' occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. [1] Refer to Cobra announcement dated 7 September 2023 ( [2] Refer to ASX announcement dated 30 June 2025 * Refer to Barton Prospectus dated 14 May 2021 and ASX announcement dated 30 June 2025. Total Barton JORC (2012) Mineral Resources include 1,031koz Au (39.3Mt @ 0.82 g/t Au) in Indicated category and 834koz Au (33.8Mt @ 0.77 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Resources. SOURCE: Barton Gold Holdings Limited press release
Associated Press
30-06-2025
- Business
- Associated Press
'Stage 1' Resources at Central Gawler Mill Grow to 223koz Au
Priority focus on higher-grade tailings and open pit materials ADELAIDE, AUSTRALIA / ACCESS Newswire / June 29, 2025 / Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) (Barton or Company) is pleased to announce an updated MRE for its South Australian Challenger Gold Project (Challenger).MapDescription automatically generated Challenger JORC (2012) Mineral Resources Estimate (MRE) grow to 223koz gold (9.56Mt @ 0.72 g/t Au), including 81,200oz Au contained in the existing high-grade open pit zones. Barton has identified several potential sources of economically viable gold mineralisation adjacent to the Central Gawler Mill for use as lower-cost and lower-risk 'Stage 1' mill feed, and is targeting feasibility studies by the end of 2025, with initial 'Stage 1' operations by the end of 2026. Barton is also evaluating the potential to reprocess (in particular) Tailings Storage Facility (TSF) 1 to extract gold as a part of Stage 1 operations. TSF1 was constructed in 2002 and decommissioned during 2009, during which time it serviced open pit mining operations from Challenger Main and the highest-grade portion of the historical U/G mine. This highest-grade mineralisation was processed last during the operation of TSF1, resulting in a higher-grade ring of mineralisation located around the periphery of TSF1 where discharge spigots were located. Examples of the consolidation of higher-grade mineralisation around the periphery of TSF1 include: Table - Select Challenger TSF1 higher-grade intervals from 2023 and 2025 validation drilling Commenting on the JORC Mineral Resources update, Barton MD Alexander Scanlon said: 'As indicated to the market for the past ~24 months, we have been analysing the potential for JORC Mineral Resources in the immediate vicinity of our fully permitted Central Gawler Mill. This infrastructure is a significant leverage point for BGD's investors, and provides the option for a shorter, lower-cost, and lower-risk pathway to operations and the re-rating of BGD to 'producer' status. There is significant arbitrage value in this 'real option'. 'With the sustained upward move in gold prices, we will now look to exercise that option. During the balance of 2025 we will complete feasibility analyses to determine the preferred development pathway, with the objective to commence our initial 'Stage 1' operations before the end of 2026.' Full details are contained in the complete announcement, which can be accessed on the ASX website, the investor section of Barton's website, or directly by clicking here. Authorised by the Managing Director of Barton Gold Holdings Limited. For further information, please contact: About Barton Gold Barton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000ozpa with 1.9Moz Au & 3.1Moz Ag JORC Mineral Resources (73.0Mt @ 0.79 g/t Au), brownfield mines, and 100% ownership of the region's only gold mill in the renowned Gawler Craton of South Australia.* Competent Persons Statement & Previously Reported Information The information in this announcement that relates to the historic Exploration Results and Mineral Resources as listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent Person whose name appears in the same row, who is an employee of or independent consultant to the Company and is a Member or Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), Australian Institute of Geoscientists (AIG) or a Recognised Professional Organisation (RPO). Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he has undertaken to quality as a Competent Person as defined in the JORC Code 2012 (JORC). The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company's Prospectus dated 14 May 2021 or as otherwise noted in this announcement, available from the Company's website at or on the ASX website The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets, continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the previous announcements. Cautionary Statement Regarding Forward-Looking Information This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as 'seek', 'anticipate', 'believe', 'plan', 'expect', 'target' and 'intend' and statements than an event or result 'may', 'will', 'should', 'would', 'could', or 'might' occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. *Refer to Barton Prospectus dated 14 May 2021 and ASX announcement dated 30 June 2025. Total Barton JORC (2012) Mineral Resources include 1,031koz Au (39.3Mt @ 0.82 g/t Au) in Indicated category and 834koz Au (33.8Mt @ 0.77 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Barton Gold Holdings Limited press release
Yahoo
29-06-2025
- Business
- Yahoo
'Stage 1' Resources at Central Gawler Mill Grow to 223koz Au
Priority focus on higher-grade tailings and open pit materials ADELAIDE, AUSTRALIA / / June 29, 2025 / Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) (Barton or Company) is pleased to announce an updated MRE for its South Australian Challenger Gold Project (Challenger). Challenger JORC (2012) Mineral Resources Estimate (MRE) grow to 223koz gold (9.56Mt @ 0.72 g/t Au), including 81,200oz Au contained in the existing high-grade open pit zones. Barton has identified several potential sources of economically viable gold mineralisation adjacent to the Central Gawler Mill for use as lower-cost and lower-risk 'Stage 1' mill feed, and is targeting feasibility studies by the end of 2025, with initial 'Stage 1' operations by the end of 2026. Barton is also evaluating the potential to reprocess (in particular) Tailings Storage Facility (TSF) 1 to extract gold as a part of Stage 1 operations. TSF1 was constructed in 2002 and decommissioned during 2009, during which time it serviced open pit mining operations from Challenger Main and the highest-grade portion of the historical U/G mine. This highest-grade mineralisation was processed last during the operation of TSF1, resulting in a higher-grade ring of mineralisation located around the periphery of TSF1 where discharge spigots were located. Examples of the consolidation of higher-grade mineralisation around the periphery of TSF1 include: Hole ID Interval Including: CHB0044 20m @ 0.70 g/t Au from 2 metres 1m @ 1.29 g/t Au from 11 metres CHB0047 21m @ 0.66 g/t Au from 2 metres 10m @ 0.88 g/t Au from 3 metres CHB0056 19m @ 0.66 g/t Au from 2 metres 4m @ 1.05 g/t Au from 5 metres CHB0084 19m @ 0.75g/t Au from 2 metres 3m @ 1.06 g/t Au from 10 metres Table - Select Challenger TSF1 higher-grade intervals from 2023 and 2025 validation drilling Commenting on the JORC Mineral Resources update, Barton MD Alexander Scanlon said: "As indicated to the market for the past ~24 months, we have been analysing the potential for JORC Mineral Resources in the immediate vicinity of our fully permitted Central Gawler Mill. This infrastructure is a significant leverage point for BGD's investors, and provides the option for a shorter, lower-cost, and lower-risk pathway to operations and the re-rating of BGD to 'producer' status. There is significant arbitrage value in this 'real option'. "With the sustained upward move in gold prices, we will now look to exercise that option. During the balance of 2025 we will complete feasibility analyses to determine the preferred development pathway, with the objective to commence our initial 'Stage 1' operations before the end of 2026." Full details are contained in the complete announcement, which can be accessed on the ASX website, the investor section of Barton's website, or directly by clicking here. Authorised by the Managing Director of Barton Gold Holdings Limited. For further information, please contact: Alexander ScanlonManaging 425 226 649 Jade CookCompany Secretarycosec@ 8 9322 1587 About Barton Gold Barton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000ozpa with 1.9Moz Au & 3.1Moz Ag JORC Mineral Resources (73.0Mt @ 0.79 g/t Au), brownfield mines, and 100% ownership of the region's only gold mill in the renowned Gawler Craton of South Australia.* Tarcoola Gold Project Tunkillia Gold Project Challenger Gold Project Competent Persons Statement & Previously Reported Information The information in this announcement that relates to the historic Exploration Results and Mineral Resources as listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent Person whose name appears in the same row, who is an employee of or independent consultant to the Company and is a Member or Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), Australian Institute of Geoscientists (AIG) or a Recognised Professional Organisation (RPO). Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he has undertaken to quality as a Competent Person as defined in the JORC Code 2012 (JORC). Activity Competent Person Membership Status Tarcoola Mineral Resource (Stockpiles) Dr Andrew Fowler (Consultant) AusIMM Member Tarcoola Mineral Resource (Perseverance Mine) Mr Ian Taylor (Consultant) AusIMM Fellow Tarcoola Exploration Results (until 15 Nov 2021) Mr Colin Skidmore (Consultant) AIG Member Tarcoola Exploration Results (after 15 Nov 2021) Mr Marc Twining (Employee) AusIMM Member Tunkillia Exploration Results (until 15 Nov 2021) Mr Colin Skidmore (Consultant) AIG Member Tunkillia Exploration Results (after 15 Nov 2021) Mr Marc Twining (Employee) AusIMM Member Tunkillia Mineral Resource Mr Ian Taylor (Consultant) AusIMM Fellow Challenger Mineral Resource Mr Ian Taylor (Consultant) AusIMM Fellow The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company's Prospectus dated 14 May 2021 or as otherwise noted in this announcement, available from the Company's website at or on the ASX website The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets, continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the previous announcements. Cautionary Statement Regarding Forward-Looking Information This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "expect", "target" and "intend" and statements than an event or result "may", "will", "should", "would", "could", or "might" occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. *Refer to Barton Prospectus dated 14 May 2021 and ASX announcement dated 30 June 2025. Total Barton JORC (2012) Mineral Resources include 1,031koz Au (39.3Mt @ 0.82 g/t Au) in Indicated category and 834koz Au (33.8Mt @ 0.77 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Resources. SOURCE: Barton Gold Holdings Limited View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
