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Barton Gold Holdings

Barton Gold is an ASX listed Australian gold exploration company with a total attributable ~1.3Moz Au JORC (2012) Mineral Resources* endowment (40.6Mt @ 1.0 g/t Au), a pipeline of advanced exploration projects and brownfield mines, and 100% ownership of the only regional gold mill in the central Gawler Craton of South Australia.

Recent New Highlights:

  • Major resources upgrade (+189,000oz Au) at Tunkillia (LINK);
  • $100m+ valuation of Central Gawler Mill (LINK);
  • ~3,000 g/t Au gold concentrates with ~$1 million recovered from the Central Gawler Mill, with more currently in processing (LINK);
  • $3.5m oversubscribed institutional placement with some very strong names coming on the register, to accelerate ‘Stage 1’ Resources development (LINK).

​Barton is focused on exploration in two large-scale mineral systems at the Tarcoola Project and the Tunkillia Project, where the Company’s latest technical work demonstrates significant new upside opportunities in historically under-invested assets.

* See full JORC (2012) Mineral Resources Estimate here

Updates

  • Tunkillia 223 Deposit Mineralisation Extended 300m North (16 Nov 23)

    Barton MD Alex Scanlon: “We are encouraged to see mineralisation suggesting potential growth of the 223 Deposit to the north. Area 223 North is also interesting, with broad mineralisation complementing prior shallow, higher-grade drilling. We will start updating the Resource model and expect to share results from southern extensional drilling soon.” MORE

  • Barton Gold deploys third drilling rig at Tunkillia gold project, SA (2 Oct 23)

    Barton Gold (ASX:BGD) has recently deployed a second reverse circulation (RC) drilling rig at its Tunkilla gold project in South Australia, and drilling has commenced. This target area is situated along the western margin of the Yarlbrinda Shear Zone and intersects another structure to the northeast of the 223 Deposit. MORE

  • Saleable Gold Concentrates Increase to ~1,400oz Au (21 Aug 23)

    Barton Gold Holdings Limited announces that preliminary assays for the third parcel of December 2022 mill cleanout materials have been received. In December 2022 Barton recovered an estimated 10+ tonnes of gold bearing materials from the gold room, ball mills, sumps, floor and gravity circuit during a review of the Central Gawler Mill. MORE

  • Barton Gold pioneering the golden frontier in South Australia’s Central Gawler Craton (7 Aug 23)

    The Market Herald: “With its significant platform, infrastructure leverage and strategic focus on expanding its gold resources, Barton Gold represents a unique investment opportunity among global developers”.
    FULL ARTICLE

  • Quarterly Activities Report (25 July 2023)

    Commenting on the Company’s June 2023 quarter, Barton MD Alex Scanlon said: “2023 is set to be a transformative year for Barton, and the June quarter has set the tone with a 189koz upgrade at our ‘Stage 2 Expansion’ project and an institutional placement to accelerate ‘Stage 1’ development pathways.” MORE

  • Saleable Gold Concentrates Increase to ~1,190oz Au (10 Jul 23)

    Barton Gold Holdings Limited is pleased to announce that preliminary assays for the second parcel of December 2022 mill cleanout materials have been received. In December 2022 Barton recovered an estimated 10+ tonnes of gold bearing materials from the gold room, ball mills, sumps, floor and gravity circuit during a preliminary review of the Central Gawler Mill. MORE

  • $3.5m Placement to Expedite Stage 1 Resources Growth (19 Jun 23)

    Barton Gold Holdings Limited is pleased to announce that the Company has secured binding commitments to raise $3.5 million (before costs) from existing and new Australian, European and North American institutional and sophisticated investors. MORE

  • Processing Starts on Second Mill Cleanout Parcel (14 Jun 23)

    Processing on the second parcel of mill concentrate materials has commenced, with ~4.5 tonnes being crushed, screened and homogenised to a saleable concentrate. MORE

  • Central Gawler Mill Valued at Over $100m Replacement Cost (1 Jun 23)

    Barton Gold Holdings Limited (ASX:BGD) (Barton or the Company) is pleased to provide an update
    regarding its ongoing assessment of the Central Gawler Mill for potential future Stage 1 operations. In
    December 2022 Barton completed a preliminary preservation program at the Central Gawler Mill to assist
    recommissioning scope and cost estimates, with key equipment disassembled, cleaned and stored. MORE

  • First Mill Cleanout Materials Grade approx. 3,000 g/t Au (31 May 23)

    The first 3.8 dry tonnes of materials recovered from the Central Gawler Mill during our December 2022 cleanout have returned average assay values of approximately 3,000 g/t Au, for ~375oz Au contained metal worth ~ AUD $1.1 million at today’s prices. MORE

  • Mineral Resources Update - Live Webinar Replays (2 May 23)

    For those who were unable to join Barton Gold live this past Tuesday, 2 May, they are pleased to share links to recordings of their webinars hosted by Advisir and Red Cloud Securities. Each is about 45 minutes long, including the company’s presentation and live Q&A. LINK

  • Tunkillia Mineral Resources grow 20% to 1.15 Million oz (26 Apr 23)

    Barton Gold Holdings Limited (ASX:BGD) is pleased to announce that drilling in the Tunkillia Gold Project’s (Tunkillia) 223 Deposit has delivered a ~189koz Au MRE increase at a cost of only A$12 per additional ounce. Total Mineral Resources are now 1.15Moz Au (38Mt @ 0.94 g/t Au). MORE

  • Quarterly Activity and Cashflow Reports (21 Apr 23)

    Quarterly Activity and Cashflow Reports were released to the ASX today. LINK

    “As you can see from the following highlights, it has been another exceptional quarter of performance for Barton Gold on both the exploration and corporate fronts… With $8.3m on hand and some serious momentum, 2023 is going to be an interesting year for Barton Gold… We expect an updated JORC Mineral Resource for the Tunkillia Project shortly.” MORE

Project - Tarcoola (100%)

The Tarcoola Project is located ~70km N/NW of the Tunkillia Project on ~1,640 km2 of tenements, and is the site of the brownfields open pit Perseverance Mine on ML6455 which was operated during 2017 and 2018.

The Perseverance Mine is surrounded by numerous historical high-grade, shallow artisanal mines. During the early 1900’s the Tarcoola Goldfield was South Australia’s major hard rock gold producer, with numerous historical high-grade workings producing some ~2,400kg (~77koz) gold bullion recovered from ~64kt ore at an average grade of ~37.5 g/t Au between ~1900 and ~1955 (Link).

High-resolution aeromagnetic surveys and a regional 2D seismic reinterpretation completed during 2020 have identified a new regional interpreted 3D structural model which is highly prospective for repeats of the deposit model encountered in the Perseverance Mine. Together with additional geophysical analysis the Company has identified a new~14km long target corridor for repeats of the high-grade Perseverance Mine mineralisation. The tenements are historically under-explored with little modern drilling, and have significant discovery potential.

 

Initial test drilling around the Perseverance Mine during 2020 also yielded positive results, further validating the existing ~500m long ‘Deliverance Target’ (below pit and along strike), and discovering a new, shallow ~200m long gold zone immediately adjacent to the Perseverance Mine (‘Perseverance West’).

 

Barton plans to systematically test near mine and regional targets to unlock the scale potential of Tarcoola.

Project - Tunkillia (100%)

The Tunkillia Project is located ~70m S/SE of the Tarcoola Project on a ~1,360 square kilometre tenement package which hosts a 965koz Au JORC (2012) Mineral Resource Estimate at its cornerstone 223 Deposit (26.1Mt @ 1.15 g/t Au; Link).

 

Tunkillia is a large scale exploration project hosting some ~50km strike of the highly prospective Yerda and Yarlbrinda Shear Zones. These shears are major structures several kilometres wide and are analogous to major Kalgoorlie Shear Zone systems. The project area has been historically under-explored with very little drilling outside of the 223 Deposit during the past ~20 years.

 

Tunkillia holds significant potential for large-scale extensions and discovery of new mineralisation. The 223 Deposit is ~2.5km long and open to depth and along strike, with the host structure extending a further ~7km north and ~7km south. Mineralisation is evident on both the western and eastern demagnetised margins of the Yarlbrinda Shear, which host several advanced satellite targets in the immediate vicinity of the 223 Deposit.

Project - Challenger (100%)

The Challenger Project is located ~730km NW of Adelaide, South Australia and ~130km NW of the Tarcoola Project. It comprises the Challenger Mine, the Challenger Mill, a mine village and associated infrastructure.

 

The Challenger Mine was discovered in 1995 by Dominion Mining and produced ~1.2Moz Au in operations from 2002 – 2018. The Challenger Mill is a ~650ktpa CIP processing plant for production of gold doré.

 

The Challenger Mine is maintained in a state of care and maintenance. Due to the depth of the mine and requirement for substantial investment to renew the geological understanding of the deposit at depth, it is not a priority focus for the Company.

 

However, the Challenger Mill presents an opportunity for processing regional mineralisation in the vicinity of the mill. It also provides an attractive option for trucking and processing of ore from the Company’s Tarcoola Project, which was previously undertaken during 2017 and 2018. The Challenger Mill is maintained in a state of care and maintenance.

Joint Venture Projects

Barton is party to 2 joint ventures on Exploration Licenses in the vicinity of the Challenger Mill:

Western Gawler Craton JV

The WGCJV is a joint venture between Barton and Half Moon Pty Ltd, a wholly-owned subsidiary of Tyranna Resources Limited (TYX). Barton has a present 21.99% interest in the WGCJV gold rights.

Sandstone ‘All Minerals’ JV

The Sandstone JV is a joint venture between Barton and Coombedown Resources Pty Ltd. Coombedown holds a 10% titled and free-carried interest until decision to mine. The Sandstone JV and WGCJV overlap on ELs 6569 and 5998, reducing Barton’s effective net gold rights interest to 19.79%.

Board & Management

  • Kenneth Williams - Non Executive Chairman

    Ken has more than 30 years’ corporate experience and over 20 years’ experience as a resource exploration company Director, including 9 years as Director and Chair of AWE Limited (ASX:AWE). From 1999 to 2003 Ken was the Group Treasurer, then CFO, and then Group Finance Executive for Normandy Mining (subsequently Newmont Australia).  He is currently Chair of Statewide Super, a non-executive director of Archer Materials Ltd (ASX:AXE) and a member of Council of the University of Adelaide.

    Ken is a graduate of the University of Western Australia (BSc Economics Honours) and Macquarie University (MApplFin), is a Fellow of the Australian Institute of Company Directors (AICD), and is a member of the Council of the University of Adelaide.

  • Alexander Scanlon - Managing Director & CEO

    Alex is the founder of Barton Gold and a financial economist with more than 15 years’ experience in financial analysis, consulting, structured finance and mining advisory, investment and management. He was previously Managing Director of PARQ Capital Management and a Director with Lusona Capital where he focused on corporate advisory and principal investments in the natural resources sector.

    Alex is a graduate of Santa Clara University (BSc Finance Honours & BSc Economics Honours), the University of Oxford (MSc Financial Economics) and the University of Cambridge (MPhil Management).

  • Christian Paech - Non Executive Director

    Christian is a lawyer with more than 25 years’ experience including senior roles with ASX-listed Santos Ltd as General Counsel (2010-19) and Company Secretary (2017-19) where he was a key advisor to the Board on matters including M&A, litigation, risk management and ASX disclosure obligations. He was previously a Partner at Piper Alderman and a lawyer with Herbert Smith Freehills and Ashurst.

    Christian is a graduate of the University of Adelaide (BCom Accounting and Bachelor of Laws (Honours)), and is a member and graduate of the Australian Institute of Company Directors (AICD).

  • Graham Arvidson - Non Executive Director

    Graham is a mechanical engineer with more than 15 years’ industry experience in key leadership roles including project studies, design, construction, commissioning and operations management. He is the General Manager of Operations and Maintenance for Primero Group Ltd and specialises in project development, operational turnarounds, and optimisation of mineral processing operations with complex metallurgy.

    Graham is a graduate of University of Alberta (BSc Mechanical Engineering) and Curtin University (MBA and MSc Mineral Economics), a CPEng, CPMet, a graduate of the AICD’s Company Directors course, and is a longstanding member of AusIMM.

  • Neil Rose - Non Executive Director

    Neil is a chartered accountant with a diverse background across the commercial property and natural resources sectors. He has significant experience in the identification, acquisition, financing and development of multiple resources and property companies and projects. Neil is a Director of Lever Property, a commercial property focused business in Western Australia and Tribar Capital, a private natural resource investment company.

    Neil is a graduate of the University of Western Australia (BCom Finance & Accounting).

  • Nicholas Byrne - Chief Financial Officer

    Nicholas is a Certified Practising Accountant with ~30 years’ experience working in the Australian resources and engineering sectors. He has extensive experience in South Australia, including ~20 years with leading companies such as BHP, Kellogg Brown & Root (KBR), Monadelphous, and as CFO and Company Secretary of Heathgate Resources, a subsidiary of global energy and defence firm General Atomics, which owns and operates South Australia’s Four Mile and Beverley uranium projects.

    Nicholas is a Certified Practising Accountant and a graduate of Edith Cowan University (Bachelor of Business).

  • Marc Twining - Exploration Manager

    Marc is a geologist with more than 25 years’ global experience in resource development, with extensive experience in South Australia and gold, copper and copper-gold exploration. Marc has previously worked as an exploration geologist for global gold majors Normandy Mining and Newmont, an Exploration Manager for junior exploration companies, and as Senior Principal Geoscientist for the Geological Survey of South Australia. He has played lead roles in the discovery, feasibility analysis and regulatory permitting of significant mineral deposits and has a passion for exploration discovery.

    Marc is a graduate of the University of Adelaide (BSc Geology Honours), has obtained a Graduate Certificate of Finance (Macquarie University), and is a member of the Australasian Institute of Mining and Metallurgy (AusIMM), The Australian Institute of Geoscientists (AIG) and the Society of Economic Geologists (SEG).

  • David Wilson - General Manager Projects

    David is a surveyor and project manager with more than 40 years’ experience, the majority of which has been in the Australian and New Zealand resources sector. David has played leading roles in both open pit and underground mine planning and development. He was previously Chief Surveyor for Normandy Mining’s (subsequently Newmont) underground Tanami and open pit Waihi gold mines, then Technical Services Superintendent for Tanami, and spent four years in Normandy / Newmont’s influential continuous improvement teams. He was also Mine Superintendent for Polymetals’ White Dam gold mine in South Australia.

    David is a graduate of the University of South Australia (BTech Surveying) and also holds a Graduate Diploma in Mining from the University of Ballarat and a Graduate Diploma in Finance and Investment from the Securities Institute of Australia.

  • Ian Garsed - Principal Geologist

    Ian is a geologist with more than 25 years’ industry experience ranging from early-stage exploration through to resource delineation and project evaluations, with a particular emphasis on gold and base metals.  He has extensive experience in South Australia exploring for gold and IOCG mineralisation including as General Manager of Exploration for Minotaur Exploration Limited. He has played lead roles in the discovery and definition of multiple iron ore, polymetallic, copper / gold and gold deposits throughout Australia.

    Ian is a graduate of Ballarat College (BSc Geology) and Curtin University (MSc Mineral Exploration Technologies), and is a member of the Australian Institute of Geoscientists (AIG) and the Geological Society of Australia (GSA).

  • Shannon Coates - Company Secretary

    Shannon is a qualified lawyer and Chartered Secretary with more than 25 years’ experience in corporate law and compliance to publicly listed companies across multiple jurisdictions.

    Shannon is a graduate of Murdoch University (Bachelor of Laws), the AICD’s Company Directors course, was selected for the AICD Chairman’s Mentoring Program, and is a past recipient of the WA Women in Mining scholarship. She is currently company secretary to multiple ASX-listed companies.

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