Growth Drilling Commences at Tunkillia Gold Project

Barton Gold Holdings Limited has initiated reverse circulation (RC) growth drilling at its Tunkillia Gold Project in South Australia. The drilling covers approximately 5,000 meters and focuses on key extensions of the block model and pit design. In March 2024, Barton reported a 1.5Moz Au Mineral Resources Estimate at Tunkillia, followed by a Scoping Study in July 2024. This study predicts competitive production of around 130kozpa gold with an all-in sustaining cost of about A$1,917/oz Au.

The current drilling targets extensions parallel to and in-depth to the July 2024 optimised pit design, where previous drilling indicated gold mineralization outside the resource model. Barton MD Alexander Scanlon highlighted the project's potential based on conservative assumptions and noted ongoing optimizations to improve economic viability, extend project life, and refine pit designs.