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 provided an update on its Tunkillia Gold Project's Optimised Scoping Study (OSS). The July 2024 Initial Scoping Study demonstrated a 5Mtpa operation producing approximately 130,000oz gold annually at an All-in-Sustaining-Cost of A$1,917/oz Au.
The OSS, which commenced in November 2024, aims to reduce power consumption, improve economics, and decrease project working capital requirements. Recent comminution testwork and scenario analyses have shown significant efficiency gains, including reduced work indices and power consumption for all material types, with increased throughput rates for oxide materials during early operations.
The company is currently conducting additional studies including updated JORC Mineral Resources Estimate block modelling, capex and opex optimization, preliminary power options analyses, and open pit mine design. The OSS is scheduled for completion before June 30, 2025.
Barton Gold Holdings (ASX:BGD, FRA:BGD3, OTCQB:BGDFF) announced a change in its share registry services provider. Effective February 24, 2025, the company will transition from Automic Pty to Computershare Investor Services Pty .
Shareholders can manage their holdings through Computershare's online investor portal - Investor Centre at www.investorcentre.com/au. The portal provides features to update investor details, view balances, and track transaction history. The new registry can be contacted via phone at 1300 850 505 (Australia) or +61 3 9415 4000 (Overseas).
Barton Gold Holdings (ASX:BGD) has announced new RC definition drilling results from its Tunkillia Gold Project in South Australia. The company has discovered broad new mineralisation below the pit floor that was modelled in their July 2024 Initial Scoping Study.
Key intersections include 10m @ 2.72 g/t Au from 144m and 20m @ 0.93 g/t Au from 339m depth. Notable high-grade results feature 2m @ 8.92g/t Au from 24m and 5m @ 9.75g/t Au from 128m. The previous maximum open pit depth was 256m, which now has potential for expansion.
The company is currently conducting an Optimised Scoping Study with technical specialists reviewing comminution design, energy consumption, mine design and scheduling, aiming to optimize capital and operating costs for long-term value.
Barton Gold Holdings (ASX:BGD, OTCQB:BGDFF) has completed 2,230 meters of RC drilling across 17 holes at the Tolmer prospect within its Tarcoola Gold Project in South Australia. The drilling campaign follows significant gold and silver discoveries from May-July 2024, which yielded impressive results of 4m @ 24.6 g/t Au and 82.8 g/t Ag from 95m depth, including 1m @ 83.6 g/t Au and 312 g/t Ag from 97m.
The recent drilling program targeted potential extensions of higher-grade quartz sulphide veining and areas below previous November 2024 aircore drilling that encountered gold but couldn't penetrate the underlying harder quartzite rock. Additionally, silver assays are pending for approximately 2,000m of aircore drilling conducted in November 2024.
Barton Gold Holdings (ASX:BGD) has released an updated corporate presentation highlighting two key developments: a new high-grade silver discovery at the Tarcoola Gold Project's Tolmer prospect, and the company's latest Quarterly Activities Report showing $3.7 million in revenues with increased corporate cash holdings of $9.2 million as of January 13, 2025.
The presentation is available on the ASX website, Barton's investor section, and through a direct link provided in the announcement.
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.
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.