- Barton Gold Holdings (OTCQB:BGDFF) initiates baseline water monitoring at Tunkillia Gold Project in South Australia.
- The Tunkillia Optimised Scoping Study (OSS) projects A$2.7 billion operating cashflow with strong financial metrics.
- Plans to commence Reserve conversion drilling in September 2025, aiming for producer status by 2026.
Barton Gold Holdings (OTCQB:BGDFF) has initiated baseline water monitoring programs at its Tunkillia Gold Project in South Australia. This strategic move comes on the heels of a promising Optimised Scoping Study (OSS) which forecasts an average annual production of approximately 120,000 ounces of gold and 250,000 ounces of silver. With an expected operating free cashflow of A$2.7 billion at an A$5,000/oz gold price, the project showcases strong financial metrics including a Net Present Value (NPV) of A$1.4 billion, a 73% Internal Rate of Return (IRR), and a 0.8-year payback period.
Recently, Barton secured A$3 million through an equity placement set at a premium to its last traded price. The funds will expedite Reserve conversion drilling for Tunkillia's 'Starter Pit,' scheduled to begin in September 2025. Barton anticipates submitting a Mining Lease Application by the end of 2026, transitioning to producer status during the same year with a target of 150,000 ounces of annual gold production through a staged development approach.
According to Barton's Managing Director, Alexander Scanlon, the company's focus for the remainder of 2025 will be on crucial long-lead feasibility and approvals programs for Tunkillia. The goal is not only to obtain the necessary Mining Lease before 2026 but also to leverage existing assets such as the Central Gawler Mill to transition into a producer by 2026. This method aims to provide shareholders with a lower-cost, lower-risk, and lower-dilution path to achieving a steady gold production rate of 150,000 ounces per annum.
Barton Gold Holdings continues to position itself as a significant player in the evolving gold market, underpinned by its strategic initiatives and strong financial prospects at the Tunkillia Gold Project.
