Welcome to our dedicated page for Barton Gold news (Ticker: BGDFF), a resource for investors and traders seeking the latest updates and insights on Barton Gold stock.
Barton Gold Holdings Limited develops gold and silver assets in the Gawler Craton of South Australia and trades on the ASX, OTCQB and Frankfurt Stock Exchange. Company news centers on exploration and development work across Tunkillia, Challenger, Tarcoola, Wudinna and Tolmer, including drilling programs, assay results, JORC Mineral Resource updates, metallurgical evaluation and technical studies.
Recurring updates also cover the wholly owned Central Gawler Mill, restart planning tied to brownfield mining assets, conference presentations and resource-development strategy. Project announcements frequently discuss gold and silver mineralisation, open-pit and near-surface targets, diamond and reverse-circulation drilling, and study work supporting future mine development.
Barton Gold Holdings (BGDFF) has announced significant new assay results from its Tolmer prospect at the Tarcoola Gold Project in South Australia, confirming high-grade silver presence in addition to gold mineralization. Key highlights include grades up to 83.6 g/t Au and 312 g/t Ag in quartz veining.
Notable drilling results include:
- TBM014: 42m @ 0.35 g/t Au and 124 g/t Ag
- TBM016: 14m @ 24.6 g/t Au and 82.8 g/t Ag
The company has commenced a new 1,500-2,000m RC drilling campaign to follow up on these results. Recent aircore drilling has also returned promising results with gold assays up to 3 g/t Au. The mineralization shows similarities to the company's Tunkillia Gold Project, with maximum individual results including 3.46% lead, 10.8% zinc, and 0.12% copper.
Barton Gold Holdings (BGDFF) has received a $2.4 million R&D cash tax refund for the year ended June 30, 2024, through the Federal Government's R&D Tax Incentive Program. The company's unrestricted cash balance now stands at approximately $9.2 million, excluding ~$4.5 million in cash posted as security for rehabilitation bank guarantees.
The company has conducted various R&D programs during FY2024, focusing on developing new exploration methodologies and regional geological models near their Tarcoola and Tunkillia Gold Projects. These initiatives have led to significant discoveries, including the new Tolmer Gold System at Tarcoola and several gold zones at Tunkillia (Area 51, 223 North, 223 South, and Area 191). Some programs will continue through 2025 and 2026 fiscal years.
Emperor Metals has entered into a binding purchase agreement with an Eldorado Gold subsidiary to acquire surface rights to the Lac Pelletier Property in Quebec. The acquisition involves assuming rehabilitation and restoration plan liabilities, including bonds totaling $305,349, and releasing Eldorado's financial guarantee from Quebec authorities.
The surface rights comprise 5 lots located 4 km southwest of Rouyn-Noranda, Quebec, including a mining lease with a 1,000 tonnes/day mine permit. The property is subject to a 1% net smelter returns royalty to Metalla Royalty & Streaming The transaction is expected to close before April 15, 2025, pending customary conditions including Canadian Securities Exchange approval.
Barton Gold Holdings (BGDFF) has completed its June 2024 gold sale from mill cleanout operations, selling approximately 1,425 gold ounces. The company received a final payment of ~USD $495,000 (~AUD $775,000), following an earlier 90% provisional payment of USD $2.82 million (AUD $4.25 million).
The sale involved ~11.1 dry metric tonnes of concentrates with a final weighted average gold concentrate grade of ~3,997 g/t Au. The total costs of recovering and processing were approximately $800,000, resulting in a net profit margin of approximately $4.2 million, or AUD $2,950 per ounce sold.
This successful monetization has contributed to over $10 million in non-dilutive cash generation since the company's June 2021 IPO, covering all corporate overhead costs and supporting exploration programs.
Barton Gold Holdings has completed a 5,064m reverse circulation drilling program at the Tunkillia Gold Project, targeting extensions of block model to support JORC Mineral Resources Estimate growth and an Optimised Scoping Study. The company has already grown Tunkillia to a 1.5Moz Au JORC MRE in the past 6 months and published an Initial Scoping Study projecting ~130kozpa gold production with an AISC of ~A$1,917/oz Au, a 40% equity IRR, and a 1.9 year payback period.
The new drilling program focused on parallel lodes and depth extensions in previously identified gold mineralization areas not yet included in the MRE. The company aims to increase project economics and mine life through optimization of key cost drivers.
Barton Gold Holdings (BGDFF) has received a $380,000 grant disbursement for research and development work at its South Australian Tarcoola Gold Project. This funding is part of a larger $595,000 grant awarded in 2022 under the South Australian Government's Accelerated Discovery Initiative (ADI). The approved program includes ground penetrating radar, seismic surveys, and validation drilling. During 2023-2024, the company completed these works, leading to a new regional structural model for the Tarcoola Goldfield and the identification of the new Tolmer Gold System through high-grade gold assays from conceptual test drilling.
Barton Gold Holdings (ASX:BGD) has appointed Jade Cook as Company Secretary, effective November 29, 2024, following the retirement of Shannon Coates. Cook brings experience working with boards, senior management, and stakeholders across multiple jurisdictions. She is an Associate of the Governance Institute of Australia and Chartered Governance Institute UK and Ireland, holding a Bachelor's in Business Management and Master's in Corporate Governance. Cook will be responsible for communications between Barton and ASX under Listing Rule 12.6.
Barton Gold Holdings (ASX:BGD) is set to present today at the South Australia Exploration & Mining Conference.
Barton Gold Holdings (ASX:BGD) held its Annual General Meeting on November 28, 2024 in Adelaide, Australia. The press release provides the results of the meeting.
The announcement was authorized by the Managing Director, Alexander Scanlon. For further details, readers are encouraged to review the attached PDF or contact Alexander Scanlon or Shannon Coates, the Company Secretary, via the provided contact information.
Barton Gold Holdings (ASX:BGD) will present its Annual General Meeting (AGM) presentation today in Adelaide, Australia. The presentation is authorized by Managing Director Alexander Scanlon. For further details, contact Alexander Scanlon at a.scanlon@bartongold.com.au or Shannon Coates at cosec@bartongold.com.au.