Barton Gold Announces $17.5 Million Capital Raise Led by Franklin Templeton

Barton Gold Holdings Limited has secured $15 million through a placement led by Franklin Templeton, targeting a total capital raise of $17.5 million, including a Share Purchase Plan (SPP) of $2.5 million. With shares priced at $1.25, this marks a 3.8% discount from its last traded price but a 7.6% premium over its VWAP of $1.16.

The funds will accelerate Barton’s projects in South Australia, including the Central Gawler Mill and Tunkillia Gold Project. Estimated cash balance post-raise is projected at $23 million. The definitive feasibility study for the Central Gawler Mill aims for commissioning by the end of 2026, alongside upgrade drilling at Tunkillia.

Franklin Templeton's involvement highlights significant institutional confidence in Barton’s future, which includes plans for the company's strategic ‘hub and spoke’ model in the Gawler Craton.