Delivering to plan and budget

Since our last note, Barton has continued to aggressively develop its assets in pursuit of its ambition to produce 150koz gold per year in a two-stage ‘hub and spoke’ model, leveraging its Central Gawler Mill (CGM) and a new future Tunkillia mill. To this end, it has raised A$15.7m in equity and is continuing extensive exploration at Tunkillia, Challenger-CGM and Tarcoola-Tolmer and is delivering both on plan and to budget with the backing of one of the world’s pre-eminent natural resources funds (Franklin Templeton). Within eight months we expect it to have completed a pre-feasibility study (PFS) at Tunkillia as well as a definitive feasibility study (DFS) at Challenger-CGM and to have commenced early site works at the latter with a vie...