Appointment of new CFO with +25 years' South Australian mining and oil & gas experience
Expansion of Barton's commercial development, project finance and grant funding focus
ADELAIDE, AUSTRALIA / ACCESSWIRE / June 23, 2024 / Barton Gold Holdings Limited (ASX:BGD)(OTCQB:BGDFF)(FRA:BGD3) (Barton or the Company) is pleased to announce the appointment of Ms Nicola Frazer as Chief Financial Officer (CFO), effective today.
Nicola is a Chartered Accountant (CA) with over 25 years' corporate finance, accounting, investor relations, commercial development and grant funding experience in South Australia's mining and oil & gas sectors.
Nicola joins Barton as it moves into early analyses, financial optimisation and development planning for its large-scale Tunkillia Gold Project (Tunkillia), where initial Scoping Studies are currently underway.
Ms Nicola Frazer, Chief Financial Officer
From 1998 to 2007 Nicola was a Manager of Business Development and Investor Relations for Normandy Mining (subsequently Newmont Australia), from 2009 to 2020 a Senior Commercial Advisor at Beach Energy (ASX:BPT), and most recently an Associate Director with KPMG's Government Incentives and Grants where she focused on securing non-dilutive State and Federal Government funding incentives for South Australian commercialisation and development initiatives.
Based in Adelaide, Nicola will play a key role in Barton's corporate and project-level development initiatives and financing strategies as the Company leads the development of a new large-scale gold industry in the central Gawler Craton.
Commenting on Ms Frazer's appointment as CFO, Barton Managing Director Alex Scanlon said:
"Barton is at an exciting stage in its corporate evolution, and we are pleased to grow our leadership team with the appointment of another skilled professional who shares our passion for South Australia's advancement.
"Having been part of the team that grew Normandy Mining to over 2 million oz annual gold production before its sale to Newmont, Nicola brings many valuable insights to us as an emerging South Australian gold developer.
"Her experience with non-dilutive State and Federal grant funding initiatives will also be of high value to Barton. Since its 2021 IPO, Barton has distinguished itself by generating ~$10 million in non-dilutive funding through asset monetisation initiatives and grant programs. This has been immensely valuable to our shareholders and will continue to be a key focus area as we lead the redevelopment of the central Gawler Craton's gold industry."
Authorised by the Board of Directors of Barton Gold Holdings Limited.
For further information, please contact:
Alexander Scanlon Managing Director [email protected] +61 425 226 649
Barton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000oz annually, with ~1.6Moz Au JORC Mineral Resources (52.2Mt @ 0.94 g/t Au), multiple advanced exploration projects and brownfield mines, and 100% ownership of the only regional gold mill in the renowned central Gawler Craton of South Australia.*
Tarcoola Gold Project
Existing brownfield open pit mine within trucking distance of Barton's processing plant
Under-explored asset with untapped scale potential
Tunkillia Gold Project
1.5Moz Au Mineral Resources (51.3Mt @ 0.91 g/t Au)*
District-scale structures with advanced satellite targets
Infrastructure
650ktpa CIP process plant, mine village, and airstrip
Tarcoola ~40 person lodging to support mine operations
Tunkillia camp to support dedicated project team
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
Dr Andrew Fowler (Consultant)
AusIMM
Member
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 Dale Sims (Consultant)
AusIMM / AIG
Fellow / 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 www.bartongold.com.au or on the ASX website www.asx.com.au. 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 in the Prospectus 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 4 March 2024. Total Barton attributable JORC (2012) Mineral Resources include 824koz Au (26.8Mt @ 0.96 g/t Au) in Indicated and 750koz Au (25.4Mt @ 0.92 g/t Au) in Inferred categories.
