Central Gawler Mill Valued at Over $100m Replacement Cost

Barton Gold Holdings Limited (ASX:BGD) has announced an update on the Central Gawler Mill's valuation. The mill, along with its infrastructure, is valued at over $100 million on a replacement cost basis and over $50 million on an indemnity value basis.

In December 2022, Barton completed a preservation program at the mill, involving the disassembly, cleaning, and storage of key equipment. This led to an independent valuation report to determine the appropriate level of insurance for these strategic assets while Barton assesses options for Stage 1 operations.

Alex Scanlon, Managing Director of Barton, highlighted the strategic significance of the mill, stating that it provides leverage for regional gold development. The fully permitted and licensed facility offers cost-efficient methods to generate early cash, supporting Barton's long-term ambitions.