Barton Gold Expands Tunkillia Phase 2 Drilling Program

Barton Gold Holdings Limited has announced the expansion of their 'Phase 2' drilling program at the Tunkillia Gold Project in South Australia. Following a completed 'Phase 1' of 18,900 meters, the 'Phase 2' targets now extend to approximately 40,000 meters of reverse circulation drilling. Interim analyses suggest substantial upside potential, with the potential to enhance both the quantity and grade of resources in key pit areas.

The Optimised Scoping Study highlighted Tunkillia's robust financial prospects, projecting annual outputs of 120,000 ounces of gold and 250,000 ounces of silver. The project could boast a Net Present Value (NPV) of approximately A$1.4 billion with a 73.2% Internal Rate of Return (IRR) and a swift payback period of 0.8 years.

Expansion is aimed at supporting JORC Resource upgrades and Pre-feasibility Study (PFS) analyses. Results will guide the Mining Lease application and project finance discussions set for 2027, further strengthening Tunkillia's potential as a significant gold and silver production site.