Central Gawler Mill Refurbishment Estimated at A$26m
Barton Gold Holdings (OTCQB:BGDFF) has announced that preliminary engineering analysis estimates the cost to fully reinstate its Central Gawler Mill (CGM) to its original 600ktpa fresh ore configuration at approximately A$26 million (±30%). The processing cost is estimated at A$44.50 per tonne.
The company aims to complete feasibility studies by the end of 2025 to support initial 'Stage 1' operations by end of 2026. Barton is currently engaging in early discussions for low-dilution credit and working capital financing. The refurbishment strategy represents a significant cost advantage compared to building a new mill or using third-party toll milling services.
Barton Gold Holdings (OTCQB:BGDFF) ha annunciato che un'analisi ingegneristica preliminare stima il costo per riportare completamente in funzione il suo Central Gawler Mill (CGM) alla configurazione originale di 600ktpa di minerale fresco a circa 26 milioni di dollari australiani (±30%). Il costo di lavorazione è stimato in 44,50 dollari australiani per tonnellata.
L'azienda punta a completare gli studi di fattibilità entro la fine del 2025 per supportare le operazioni iniziali della 'Fase 1' entro la fine del 2026. Barton sta attualmente avviando discussioni preliminari per ottenere finanziamenti a basso tasso di diluizione e capitale circolante. La strategia di ristrutturazione rappresenta un vantaggio significativo in termini di costi rispetto alla costruzione di un nuovo impianto o all'utilizzo di servizi di lavorazione a contratto di terzi.
Barton Gold Holdings (OTCQB:BGDFF) ha anunciado que un análisis preliminar de ingeniería estima que el costo para reinstalar completamente su Central Gawler Mill (CGM) a su configuración original de 600ktpa de mineral fresco es de aproximadamente 26 millones de dólares australianos (±30%). El costo de procesamiento se estima en 44,50 dólares australianos por tonelada.
La compañía tiene como objetivo completar los estudios de factibilidad para finales de 2025 y apoyar las operaciones iniciales de la 'Etapa 1' para finales de 2026. Barton está actualmente en conversaciones iniciales para obtener financiamiento con bajo nivel de dilución y capital de trabajo. La estrategia de renovación representa una ventaja de costos significativa en comparación con construir un nuevo molino o utilizar servicios de molienda por contrato de terceros.
Barton Gold Holdings (OTCQB:BGDFF)는 예비 엔지니어링 분석을 통해 Central Gawler Mill(CGM)을 원래의 600ktpa 신선 광석 구성으로 완전히 복구하는 데 약 2600만 호주 달러(±30%)가 소요될 것으로 추정했습니다. 처리 비용은 톤당 44.50 호주 달러로 예상됩니다.
회사는 2025년 말까지 타당성 조사를 완료하여 2026년 말까지 초기 '1단계' 운영을 지원하는 것을 목표로 하고 있습니다. Barton은 현재 낮은 희석률의 신용 및 운전자본 금융에 대한 초기 논의를 진행 중입니다. 이 재정비 전략은 신규 공장 건설이나 제3자 위탁 가공 서비스를 이용하는 것보다 상당한 비용 절감 효과가 있습니다.
Barton Gold Holdings (OTCQB:BGDFF) a annoncé qu'une analyse d'ingénierie préliminaire estime le coût de la remise en état complète de son Central Gawler Mill (CGM) à sa configuration originale de 600ktpa de minerai frais à environ 26 millions de dollars australiens (±30%). Le coût de traitement est estimé à 44,50 dollars australiens par tonne.
L'entreprise vise à terminer les études de faisabilité d'ici fin 2025 afin de soutenir les opérations initiales de la 'Phase 1' d'ici fin 2026. Barton est actuellement en discussions préliminaires pour un financement à faible dilution et en fonds de roulement. La stratégie de rénovation représente un avantage de coût significatif par rapport à la construction d'une nouvelle usine ou à l'utilisation de services de broyage sous contrat tiers.
Barton Gold Holdings (OTCQB:BGDFF) hat bekannt gegeben, dass eine vorläufige ingenieurtechnische Analyse die Kosten für die vollständige Wiederherstellung seiner Central Gawler Mill (CGM) auf die ursprüngliche Kapazität von 600ktpa Frischerz auf etwa 26 Millionen australische Dollar (±30%) schätzt. Die Verarbeitungskosten werden auf 44,50 australische Dollar pro Tonne beziffert.
Das Unternehmen plant, die Machbarkeitsstudien bis Ende 2025 abzuschließen, um die initialen 'Phase 1'-Operationen bis Ende 2026 zu unterstützen. Barton führt derzeit erste Gespräche über eine Finanzierung mit geringer Verwässerung und Betriebskapital. Die Sanierungsstrategie stellt einen erheblichen Kostenvorteil gegenüber dem Bau einer neuen Mühle oder der Nutzung von Lohnverarbeitungsdiensten Dritter dar.
- Low capital cost of A$26m for mill refurbishment compared to new construction
- Competitive processing cost of A$44.50 per tonne
- Existing infrastructure provides more financing options
- Option to defer material capex elements if first reprocessing tailings
- Capital cost estimate has a significant variance range of ±30%
- Project completion timeline extends to end of 2026
- Financing arrangements not yet secured
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 /tSignificant 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 / ACCESS Newswire / 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
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
Authorised by the Managing Director of Barton Gold Holdings Limited.
For further information, please contact:
Alexander Scanlon | Jade Cook |
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
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 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, 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
FAQ
What is the estimated cost to refurbish Barton Gold's Central Gawler Mill (BGDFF)?
When does Barton Gold (BGDFF) expect to begin operations at the Central Gawler Mill?
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What are the advantages of refurbishing the Central Gawler Mill for Barton Gold?
