Baseline Water Monitoring Commences at Tunkillia Gold Project

Barton Gold Holdings Limited has initiated baseline water monitoring for the Tunkillia Gold Project in South Australia. This follows the recent publication of the project's Optimised Scoping Study (OSS), which highlights potential significant financial outcomes. The OSS estimates a net present value of A$1.4 billion and an internal rate of return of 73%, with an operating cashflow of A$2.7 billion at an A$5,000/oz gold price.

Starting the water monitoring marks a pivotal advancement in the mining lease application process, with a two-year data collection needed before mining can begin. Barton Gold has also completed a A$3 million equity placement to accelerate reserve drilling for the project's ‘Starter Pit.’ The drilling is expected to commence by September 2025.

Barton aims to submit a Mining Lease Application by late 2026, while concurrently preparing for Stage 1 operations leveraging the Central Gawler Mill, targeting a transition to producer status within the same year.