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Barton Gold Holdings Limited (ASX:BGD)

ALERT: Price-sensitive ASX Announcement for BGD
Current share price for BGD : $0.965 0.255 (35.92%)+
Announcement
Release
30 Jul 2026 8:56AM
Price at Release
$0.710
Full Release
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Summary
Barton Gold Holdings Limited announced the results of their Phase 2 upgrade drilling at the Tunkillia Gold Project in South Australia. The drilling, which is nearing completion, has yielded significant new assay results in Area 223 North and the southern end of the main 'Area 223' optimised open pits. These results are part of a broader effort to enhance mineral resource estimates and support a pre-feasibility study (PFS) for the project. The assays revealed broad intersections with significant gold grades, indicating potential improvements in mineral resource quantity and grade. The Tunkillia project aims to produce approximately 120,000 ounces of gold and 250,000 ounces of silver annually, with promising financial metrics including a net present value (NPV) of approximately A$1.4 billion and an internal rate of return (IRR) of 73.2%. Barton Gold anticipates further resource upgrades and is preparing for the completion of the PFS and submission of a mining lease application.
Key Points
  • Phase 2 drilling nearing completion at Tunkillia Gold Project
  • Significant assays reported from Area 223 North and southern 'Area 223'
  • Broad intersections with promising gold grades identified
  • Tunkillia aims for 120,000oz gold and 250,000oz silver annual production
  • NPV of A$1.4 billion and IRR of 73.2% reported
  • Expected completion of PFS and submission of mining lease application
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.