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Barton Gold Holdings Limited ( (AU:BGD) ) has issued an announcement.
Barton Gold has commenced a 8,000m reverse circulation drilling program at its Challenger Gold Project in South Australia to upgrade near-surface and open pit mineralisation to JORC (2012) Indicated resources, with the aim of converting these into Ore Reserves as part of a Definitive Feasibility Study due by 30 June 2026. The DFS is designed around a low-risk, three- to four-year Stage 1 operation using higher-grade tailings and shallow ore to restart the Central Gawler Mill without immediately redeveloping the Challenger underground mine, thereby fast-tracking producer status, enhancing the processing options for satellite projects such as Tarcoola, Wudinna and Tolmer, and positioning the company to secure project financing while benefiting from strong gold and silver prices.
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 a portfolio of assets in South Australia, including the Challenger Gold Project, the Central Gawler Mill, and regional projects such as Tarcoola, Wudinna and the Tolmer silver prospect. The company’s strategy centres on restarting the region’s only existing gold mill and leveraging nearby deposits and stockpiles to establish gold production while progressively unlocking longer-term underground and regional development opportunities.
Average Trading Volume: 623,589
Technical Sentiment Signal: Buy
Current Market Cap: A$284.1M
Learn more about BGD stock on TipRanks’ Stock Analysis page.