Barton Gold Commences Drilling for Tunkillia Project Expansion

Barton Gold Holdings Limited has initiated JORC upgrade drilling for its Tunkillia Gold Project in South Australia. The project aims to convert high-value 'Starter Pits' to JORC 'Measured' and 'Indicated' categories, supporting expedited project financing discussions. An 18,000m reverse circulation (RC) drilling is underway, targeting a yield of 365koz gold and A$1.3 billion cash in the first two years, with anticipated payback of development costs threefold.

The project, outlined in the Optimised Scoping Study (OSS) of May 2025, forecasts annual production of approximately 120,000oz of gold and 250,000oz of silver. Barton plans to complete feasibility studies and a Mining Lease application by 2026, having attracted interest from several development and financial partners. The planned activities underscore Barton’s efforts to convert Mineral Resources to Ore Reserves and optimize large-scale bulk processing operations.