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Barton Gold Holdings Limited (ASX:BGD)

ALERT: Price-sensitive ASX Announcement for BGD
Current share price for BGD : $0.755 -0.085 (-10.12%)+
Announcement
Release
16 Jun 2026 8:56AM
Price at Release
$0.840
Full Release
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Summary
Barton Gold Holdings Limited has announced an expansion of its 'Phase 2' upgrade drilling program at the Tunkillia Gold Project in South Australia. The project is projected to produce significant economic returns, with an annual output of approximately 120,000 ounces of gold and 250,000 ounces of silver. The expanded drilling aims to increase the JORC Mineral Resources and enhance the grade profile of the mineralization within optimized pit outlines. Barton Gold plans to complete a Pre-feasibility Study by the end of 2026, which will inform subsequent mining lease applications and financial discussions. The expansion underscores the project's robust economic potential, highlighted by a high Net Present Value and Internal Rate of Return, driven by higher-grade 'Starter Pits'.
Key Points
  • Barton Gold Holdings Limited announced the expansion of its 'Phase 2' upgrade drilling at the Tunkillia Gold Project.
  • The Tunkillia Gold Project's May 2025 Optimised Scoping Study (OSS) showed strong economic potential, with annual production estimates of ~120,000oz gold and ~250,000oz silver.
  • The project has a Net Present Value (NPV7.5%) of ~A$1.4 billion and an Internal Rate of Return (IRR) of ~73.2%.
  • The 'Phase 2' drilling program is expanded to ~40,000m of reverse circulation drilling.
  • The expansion aims to increase JORC Mineral Resources within optimized pit outlines and improve the grade profile.
  • Barton Gold targets the completion of a Pre-feasibility Study (PFS) by the end of calendar year 2026.
  • The PFS results will inform a Mining Lease application and project finance discussions during calendar year 2027.
  • Alexander Scanlon, the Managing Director, emphasized the economic leverage provided by higher-grade 'Starter Pits'.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.