Barton Gold Secures $2.4 Million R&D Tax Refund

Barton Gold Holdings Limited has received a $2.4 million R&D tax refund under the Australian Federal Government's R&D Tax Incentive Program for the year ending June 30, 2024. This refund boosts Barton's unrestricted cash balance to approximately $9.2 million, apart from $4.5 million reserved for bank guarantees.

In 2024, Barton executed various R&D programs, focusing on new exploration methodologies and regional geological models around its Tarcoola and Tunkillia Gold Projects in South Australia. These advancements, partially funded by government programs, have accelerated exploration in a burgeoning gold province.

Key achievements include the development of new regional structural models and the discovery of the Tolmer Gold System at Tarcoola. Barton's innovative efforts are recognized by Managing Director Alexander Scanlon as pivotal for both the company and regional development.