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Barton Gold Holdings Limited ( (AU:BGD) ) has shared an announcement.
Barton Gold has commenced water bore drilling and confirmed the start of an extensive second-phase resource drilling program at its Tunkillia Gold Project in South Australia, as it accelerates the project toward ore reserves, a pre-feasibility study and a mining lease application by the end of 2026. The program includes about 900 metres of drilling to identify additional water sources near planned open pits, around 28,000 metres of reverse circulation drilling to upgrade mineral resources to the JORC Indicated category, and 3,000 metres of diamond drilling to enhance geotechnical and metallurgical data, building on a 2025 optimised scoping study that outlined strong projected cash flows and rapid payback, and positioning Tunkillia as a key contributor to Barton’s targeted annual gold production of 150,000 ounces alongside its neighbouring Challenger project.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Barton Gold Holdings Limited stock, see the AU:BGD Stock Forecast page.
More about Barton Gold Holdings Limited
Barton Gold Holdings Limited is an Australian gold exploration and development company focused on advancing its Tunkillia and Challenger gold projects in South Australia. The company is targeting large-scale, bulk open-pit operations producing gold and silver, with a strategy centred on optimising project economics and fast-tracking development toward commercial production.
Average Trading Volume: 623,589
Technical Sentiment Signal: Buy
Current Market Cap: A$284.1M
See more insights into BGD stock on TipRanks’ Stock Analysis page.