Barton Gold's Tunkillia Drilling Advances Towards 2026 Goals

Barton Gold Holdings Limited has initiated water bore drilling at the Tunkillia Gold Project in South Australia, signaling progress towards a Mining Lease application by late 2026. The program aims to identify new water sources, potentially improving the project's economics.

The company envisions the start of a second phase of reverse circulation drilling in March 2026 to convert open pit mineralization to the JORC 'Indicated' category. Concurrently, 3,000 meters of diamond drilling will address geotechnical and metallurgical data needs for further open pit design optimization.

The May 2025 Optimised Scoping Study outlined a robust project with annual production targets of approximately 120,000 ounces of gold and 250,000 ounces of silver. The project boasts a net present value of AUD 1.4 billion and an internal rate of return of 73.2%, with a rapid payback period of 0.8 years.