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 (OTCQB: BGDFF; ASX: BGD; FRA: BGD3) generates a steady flow of news as it advances a portfolio of gold and silver projects in South Australia’s Gawler Craton. Company announcements emphasise its status as an Australian gold developer targeting future gold production of 150,000 ounces per annum, supported by JORC (2012) Mineral Resources of 2.2 million ounces of gold and 3.1 million ounces of silver and ownership of the Central Gawler Mill.
News for Barton Gold commonly covers exploration and drilling updates, particularly at the Tunkillia Gold Project and the Tarcoola Gold Project. Recent releases describe reverse circulation upgrade drilling at Tunkillia’s S1 and S2 optimised open pits, with new assays infilling shallow, higher-grade mineralisation and supporting models for high-value "Starter Pits". Other articles report diamond drilling results at the Tolmer prospect within Tarcoola, including high-grade gold and silver intersections and refinements to local structural models.
Investors following BGDFF can also expect updates on feasibility and technical studies. Barton Gold has reported geotechnical and sonic drilling at the TSF1 tailings facility associated with the Central Gawler Mill, undertaken as part of a Stage 1 Definitive Feasibility Study for tailings recovery and processing. These programs are described as informing mine design, equipment selection, operating costs and scheduling.
Capital markets and corporate developments also feature in the news flow, including institutional placements, a share purchase plan and conference presentations. For readers interested in the progression of South Australian gold projects from resource definition through feasibility work and potential production, Barton Gold’s news provides detailed operational and technical commentary across its Challenger, Tarcoola, Tunkillia and Wudinna projects.
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.
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.