Central Gawler Mill Refurbishment Estimated at A$26 Million

Barton Gold Holdings Limited has announced that the Central Gawler Mill's refurbishment is estimated at A$26 million, offering a cost-effective route to production. Preliminary engineering analysis indicates a return to its original configuration, processing 600ktpa of fresh ore at a processing cost of A$44.50 per tonne.

The decision highlights significant savings compared to constructing a new mill or using third-party processing. Barton aims to finalize feasibility by the end of 2025, with operations planned for late 2026. Discussions for financing are underway, focusing on low-dilution credit and working capital options.

Existing infrastructure grants Barton additional financing opportunities, eliminating the need for third-party services and thus preserving profitability. This strategy aligns with their regional development goals and promotes a low-cost transition to operational status.