Barton Gold starts Challenger pit drilling to underpin staged restart in 2026

Barton Gold Holdings Limited ( (AU:BGD) ) just unveiled an announcement.

Barton Gold has commenced pit optimisation drilling at its Challenger Gold Project in South Australia, where upgraded JORC Mineral Resources stand at 313,000 ounces of gold adjacent to its Central Gawler Mill. The work program includes about 8,000 metres of reverse circulation drilling and 1,490 metres of diamond drilling to gather geotechnical and metallurgical data for optimised open pit designs.

The drilling supports a Definitive Feasibility Study targeting an initial three- to four-year Stage 1 operation based on historical higher-grade tailings and shallow ore, with the aim of securing JORC Ore Reserves and restarting the Central Gawler Mill by the second half of 2026. This staged approach is designed to reduce technical risk, defer underground mining costs, and enhance development options for Barton’s regional assets at Tarcoola, Wudinna, and the Tolmer silver prospect, despite recent weather-related delays to field programs.

The most recent analyst rating on (AU:BGD) stock is a Sell with a A$0.88 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 South Australian assets, including the Challenger Gold Project, the Central Gawler Mill, and the Tarcoola and Wudinna projects. The company aims to restart production by leveraging existing processing infrastructure and near-surface resources to create a lower-risk, staged development pathway.

Average Trading Volume: 632,355

Technical Sentiment Signal: Buy

Current Market Cap: A$218.5M

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