Barton Gold Stock Price, News & Analysis

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.

Barton Gold Holdings (ASX:BGD) is set to present at the Swiss Mining Institute Conference today, November 20, 2024. The attached presentation will be delivered by the company's Managing Director, Alexander Scanlon. For further details, stakeholders can contact Alexander Scanlon at a.scanlon@bartongold.com.au or +61 425 226 649, and Shannon Coates, Company Secretary, at cosec@bartongold.com.au or +61 8 9322 1587.

Barton Gold Holdings has initiated reverse circulation (RC) growth drilling at its Tunkillia Gold Project in South Australia. The project, which received an updated 1.5Moz Au JORC Mineral Resources Estimate in March 2024, showed promising initial Scoping Study results with production of ~130kozpa gold at AISC of ~A$1,917/oz Au, 40% equity IRR, and 1.9-year payback. The current ~5,000m drilling program targets extensions of the block model and pit design, focusing on areas where gold mineralization was previously intersected but not included in the MRE block model. An optimization review is underway to improve key cost drivers and project economics.