Environmental Scoping Kicks Off Tunkillia PFS & ML Programs
Barton Gold Holdings (BGDFF) has initiated environmental scoping work for its Tunkillia Gold Project in South Australia, following the publication of its Optimised Scoping Study (OSS). The project shows promising metrics with projected total production of 942,000 oz gold and ~2M oz silver, with average annual production of ~120,000 oz gold and ~250,000 oz silver.
The project's financial highlights include A$2.7 billion in operating free cashflow, an NPV of A$1.4 billion (at 7.5% discount rate), a 73% IRR, and a 0.8-year payback period. A 'Starter' pit is expected to produce ~206,000 oz gold for A$825 million operating free cash in the first 13 months. The company has engaged ERIAS Group to prepare an environmental Scoping Report, a crucial step toward Mining Lease approval in South Australia.
Barton Gold Holdings (BGDFF) ha avviato i lavori di definizione ambientale per il suo Progetto Oro Tunkillia in Australia Meridionale, a seguito della pubblicazione dello Studio di Scoping Ottimizzato (OSS). Il progetto presenta metriche promettenti con una produzione totale prevista di 942.000 oz di oro e circa 2 milioni di oz di argento, con una produzione media annua di circa 120.000 oz di oro e 250.000 oz di argento.
I punti salienti finanziari del progetto includono un flusso di cassa operativo libero di 2,7 miliardi di dollari australiani, un VAN di 1,4 miliardi di dollari australiani (con un tasso di sconto del 7,5%), un TIR del 73% e un periodo di recupero di 0,8 anni. Una cava 'Starter' dovrebbe produrre circa 206.000 oz di oro generando 825 milioni di dollari australiani di flusso di cassa operativo libero nei primi 13 mesi. La società ha incaricato il gruppo ERIAS di preparare un Rapporto di Scoping Ambientale, un passaggio fondamentale per l'approvazione della concessione mineraria in Australia Meridionale.
Barton Gold Holdings (BGDFF) ha iniciado trabajos de evaluación ambiental para su Proyecto de Oro Tunkillia en Australia del Sur, tras la publicación de su Estudio de Alcance Optimizado (OSS). El proyecto muestra métricas prometedoras con una producción total proyectada de 942,000 oz de oro y aproximadamente 2 millones de oz de plata, con una producción anual promedio de alrededor de 120,000 oz de oro y 250,000 oz de plata.
Los aspectos financieros destacados del proyecto incluyen un flujo de caja operativo libre de 2.7 mil millones de dólares australianos, un VAN de 1.4 mil millones de dólares australianos (a una tasa de descuento del 7.5%), una TIR del 73% y un período de recuperación de 0.8 años. Se espera que una mina 'Starter' produzca aproximadamente 206,000 oz de oro generando 825 millones de dólares australianos en flujo de caja operativo libre durante los primeros 13 meses. La compañía ha contratado al grupo ERIAS para preparar un Informe de Alcance Ambiental, un paso crucial para la aprobación de la concesión minera en Australia del Sur.
Barton Gold Holdings (BGDFF)는 최적화된 범위 연구(OSS) 발표에 이어 남호주에 위치한 턴킬리아 금 프로젝트의 환경 범위 작업을 시작했습니다. 이 프로젝트는 총 942,000 온스 금과 약 200만 온스 은의 생산이 예상되며, 연평균 약 120,000 온스 금과 250,000 온스 은을 생산할 것으로 전망됩니다.
프로젝트의 재무 주요 지표는 27억 호주 달러의 영업 자유 현금 흐름, 7.5% 할인율 기준으로 14억 호주 달러의 순현재가치(NPV), 73% 내부수익률(IRR), 0.8년의 투자 회수 기간을 포함합니다. '스타터' 갱도는 첫 13개월 동안 약 206,000 온스 금을 생산하여 8억 2,500만 호주 달러의 영업 자유 현금 흐름을 창출할 것으로 예상됩니다. 회사는 남호주에서 광산 임대 승인에 중요한 단계인 환경 범위 보고서를 준비하기 위해 ERIAS 그룹을 고용했습니다.
Barton Gold Holdings (BGDFF) a lancé une étude environnementale préliminaire pour son projet aurifère Tunkillia en Australie-Méridionale, suite à la publication de son Étude de Définition Optimisée (OSS). Le projet présente des indicateurs prometteurs avec une production totale prévue de 942 000 oz d'or et environ 2 millions d'oz d'argent, avec une production annuelle moyenne d'environ 120 000 oz d'or et 250 000 oz d'argent.
Les points financiers clés du projet comprennent un flux de trésorerie d'exploitation libre de 2,7 milliards de dollars australiens, une valeur actuelle nette (VAN) de 1,4 milliard de dollars australiens (à un taux d'actualisation de 7,5 %), un taux de rentabilité interne (TRI) de 73 % et une période de récupération de 0,8 an. Une fosse 'Starter' devrait produire environ 206 000 oz d'or, générant 825 millions de dollars australiens de flux de trésorerie d'exploitation libre au cours des 13 premiers mois. La société a engagé le groupe ERIAS pour préparer un rapport d'étude environnementale, une étape cruciale vers l'approbation du permis minier en Australie-Méridionale.
Barton Gold Holdings (BGDFF) hat mit den umweltbezogenen Voruntersuchungen für sein Tunkillia Goldprojekt in Südaustralien begonnen, nachdem die Veröffentlichung der Optimierten Scoping-Studie (OSS) erfolgt ist. Das Projekt weist vielversprechende Kennzahlen auf mit einer prognostizierten Gesamtproduktion von 942.000 Unzen Gold und etwa 2 Millionen Unzen Silber sowie einer durchschnittlichen Jahresproduktion von rund 120.000 Unzen Gold und 250.000 Unzen Silber.
Zu den finanziellen Highlights des Projekts zählen ein betriebsbedingter freier Cashflow von 2,7 Milliarden AUD, ein Kapitalwert (NPV) von 1,4 Milliarden AUD (bei 7,5 % Diskontsatz), eine interne Rendite (IRR) von 73 % und eine Amortisationszeit von 0,8 Jahren. Eine 'Starter'-Grube soll in den ersten 13 Monaten etwa 206.000 Unzen Gold produzieren und dabei 825 Millionen AUD freien operativen Cashflow generieren. Das Unternehmen hat die ERIAS Group beauftragt, einen Umwelt-Scoping-Bericht zu erstellen, der ein entscheidender Schritt zur Genehmigung der Bergbaulizenz in Südaustralien ist.
- Strong financial metrics with A$2.7B operating free cashflow and 73% IRR
- Significant production scale: 942koz gold and 2Moz silver total
- Quick payback period of 0.8 years
- Initial 'Starter' pit to generate A$825M operating free cash in first 13 months
- Company plans transition to producer status from 2026
- Environmental and Mining Lease approvals still pending
- Project execution dependent on successful completion of environmental assessments
Scoping Report to define environmental programs for ML Application
HIGHLIGHTS
Recent Tunkillia OSS confirms large-scale gold project generating
$2.7b n operating free cash1Barton Gold fully funded to accelerate key long-lead PFS and Mining Lease programs
ERIAS engaged to lead environmental assessments for future Mining Lease applications
ADELAIDE, AUSTRALIA / ACCESS Newswire / May 7, 2025 / Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) (Barton or Company) is pleased to announce the acceleration of long-lead feasibility work programs for its South Australian Tunkillia Gold Project (Tunkillia) following the recent publication of Tunkillia's Optimised Scoping Study (OSS). The Tunkillia OSS has identified a compelling large-scale operation with (at an A
total payable metal: 942koz gold and ~2Moz silver
avg annual production: ~120koz gold and ~250koz silver
operating free cashflow: A
$2.7 billion Net Present Value (NPV
7.5% ): A$1.4 billion Internal Rate of Return (IRR):
73% Payback period: 0.8 years
andA 'Starter' pit producing ~206koz Au for A
$825m operating free cash in the first 13 months
Barton has now engaged the ERIAS Group to prepare an environmental 'Scoping Report', which is the first step in the environmental and Mining Lease (ML) approvals process in South Australia. Once agreed with South Australia's Department for Energy and Mining (DEM), the Scoping Report will set out the agreed scope of works for Tunkillia environmental assessments which will then support a future ML application.
Commenting on the appointment of ERIAS Group, Barton MD Alexander Scanlon said:
"Tunkillia's new Optimised Scoping Study has confirmed a large-scale, competitive gold and silver operation with significant economies of scale offering strong financial and capital leverage to a rapidly evolving gold market.
"We are accelerating Tunkillia in parallel with studies for 'Stage 1' operations leveraging our Central Gawler Mill. Our goal is to transition to 'producer' from 2026, generate cash flows, and then use these to develop Tunkillia as our 'Stage 2' expansion project for a lower-cost, lower-risk and lower-dilution pathway to 150,000ozpa gold.
"We are pleased to work with ERIAS as a leading South Australian environmental and social impact advisor."
1 Refer to ASX announcement dated 5 May 2025
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 1.7Moz Au & 3.1Moz Ag JORC Mineral Resources (64.0Mt @ 0.83 g/t Au), brownfield mines, and
Tarcoola Gold Project
Tunkillia Gold Project
Key Regional Infrastructure
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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 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, 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 4 March 2025. Total Barton JORC (2012) Mineral Resources include 909koz Au (30.8Mt @ 0.92 g/t Au) in Indicated category and 799koz Au (33.2Mt @ 0.75 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
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