Barton Gold Advances Challenger DFS with Completion of Pit Optimisation Drilling

Barton Gold Holdings Limited ( (AU:BGD) ) has shared an announcement.

Barton Gold Holdings has completed pit optimisation diamond drilling at its Challenger Gold Project in South Australia, adjacent to its Central Gawler Mill, as part of a Definitive Feasibility Study targeting conversion of upgraded JORC mineral resources into ore reserves. The company is designing an initial three to four-year Stage 1 operation based on higher-grade tailings and near-surface ore to restart the mill with lower technical risk, while preserving the high-grade underground mine and enhancing future development options across its Challenger, Tarcoola, Wudinna and Tolmer assets.

The latest 1,322 metres of diamond drilling, combined with 8,065 metres of recent reverse circulation drilling, will provide geotechnical and metallurgical data to refine open pit designs, with first assays from the resource upgrade drilling expected shortly. Management says this staged approach should underwrite a lower-risk restart of processing operations, defer the cost and complexity of underground mining, and create a foundation for regional expansion once Stage 1 has de-risked the broader development strategy.

More about Barton Gold Holdings Limited

Barton Gold Holdings is an Australian gold exploration and development company focused on South Australia’s Central Gawler Craton. Its key assets include the Challenger Gold Project, the wholly owned Central Gawler Mill, and regional projects such as Tarcoola, Wudinna and the high-grade Tolmer silver prospect, positioning the company to build a multi-asset processing hub.

Average Trading Volume: 572,197

Technical Sentiment Signal: Buy

Current Market Cap: A$228M

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