Barton Gold Initiates Environmental Scoping for Tunkillia Project

Barton Gold Holdings Limited has initiated the environmental scoping process for its Tunkillia Gold Project in South Australia. This step is crucial for the future mining lease applications. The company has engaged ERIAS Group to lead these assessments. The aim is to define the scope of works needed for the environmental assessments, which aligns with South Australia's Department for Energy and Mining requirements.

The recent Optimised Scoping Study (OSS) for Tunkillia indicates strong potential. At a gold price of A$5,000/oz, the project could generate A$2.7 billion in operating free cash. The estimated net present value (NPV) is A$1.4 billion, with an internal rate of return of 73%.

Barton is fully funded to accelerate its feasibility and mining lease programs. The company plans to transition to a producer status by 2026, aiming for a lower-cost, lower-risk expansion strategy.