The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sign in to access this content
Sign InBarton Gold Holdings Limited has officially launched its Phase 2 resource upgrade drilling program at the Tunkillia Gold Project in South Australia. The campaign involves 30,000 meters of drilling aimed at converting mineral resources into ore reserves, significantly enhancing the project's economic viability. This move follows an Optimised Scoping Study (OSS) which projected an annual production of 120,000 ounces of gold and 250,000 ounces of silver. The project boasts a substantial Net Present Value (NPV) of A$1.4 billion and an impressive Internal Rate of Return (IRR) of 73.2%. Barton Gold intends to use these results to advance toward a Pre-Feasibility Study (PFS) and secure a Mining Lease by late 2026. This strategic development underscores the company's commitment to scaling operations amid favorable global gold prices.