Live Webinar Hosted by Sharewise

In This Article:

Tunkillia Scoping Study Outlines Competitive Large-Scale Gold Operation

HIGHLIGHTS

  • Live webinar with Q&A hosted by Sharewise on Monday, 12 August 2024

  • Starts at 07:30 London / 08:30 Zurich / 14:30 Perth / 16:00 Adelaide / 16:30 Sydney

ADELAIDE, AUSTRALIA / ACCESSWIRE / August 6, 2024 / Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) (Barton or Company) is pleased to announce a live webinar hosted by Sharewise. Barton MD Alex Scanlon will discuss the results of a preliminary Scoping Study at the Tunkillia Gold Project (Tunkillia) and other ongoing corporate activities.

This study has outlined a prospective 5Mtpa bulk open pit mining and processing project, with:1

  • aveg annual production of ~130koz Au at a competitive A$1,917 / oz All-in Sustaining Cost (AISC);

  • a higher-grade ‘Starter' pit producing ~181,000 oz payable gold and 420,000 oz payable silver during the first 18 months of mining, with average operating cashflow of ~A$2,265 / oz gold; and

  • an NPV7.5% of ~A$512m, a 40% IRR and a 1.9 year payback period (all unlevered, and pre-tax).

Webinar details

The webinar will be hosted by Sharewise with live Q&A following a presentation, starting at 16.30 Sydney on 12 August 2024 (07:30 London, 08:30 Zurich, 14:30 Perth, and 16:00 Adelaide). Register free here.

Commenting on the Tunkillia Project, Barton MD Alexander Scanlon said:

"We are excited to outline a project that, were it in operation today, would rank favourably by AISC among Australian gold producers. We plan to continue systematically building up Tunkillia's potential over the next 12 months, targeting an optimised Scoping Study, while pursuing other higher-grade mineralisation in the neighbouring Tarcoola Goldfield.

"With over A$10m cash we are very well positioned to continue advancing our strategy and we look forward to discussing next steps with investors next week."

Authorised by the Managing Director of Barton Gold Holdings Limited.

For further information, please contact:

Alexander Scanlon
Managing Director
[email protected]
+61 425 226 649

Shannon Coates
Company Secretary
[email protected]
+61 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 150,000oz annually, with ~1.6Moz Au JORC Mineral Resources (52.3Mt @ 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)*

  • Scoping Study for initial 6 year, ~130kozpa Au mine


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).