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An update from Barton Gold Holdings Limited ( (AU:BGD) ) is now available.
Barton Gold Holdings Limited has announced the acquisition of the Wudinna Gold Project from Cobra Resources PLC, adding 279,000 ounces of gold to its South Australian development portfolio. This strategic acquisition is expected to enhance Barton’s long-term regional development objectives, offering significant low-cost optionality. The completion of the transaction is subject to vendor shareholder approval, with the total consideration potentially reaching up to $15 million, primarily settled in Barton equity and performance milestone payments. The acquisition is facilitated by South Australia’s new regulatory framework, which allows the sub-division of mineral tenements, thus advancing the Wudinna project and strengthening Barton’s industry positioning.
More about Barton Gold Holdings Limited
Barton Gold Holdings Limited is a company operating in the gold mining industry, focusing on the exploration and development of gold projects. The company is primarily engaged in expanding its portfolio of gold assets in South Australia, with a particular emphasis on long-term regional development.
Average Trading Volume: 790,531
Technical Sentiment Signal: Buy
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