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Barton Gold Holdings Limited ( (AU:BGD) ) has issued an update.
Barton Gold has reported the final Phase 1 resource upgrade drilling assays from its Tunkillia Gold Project, confirming multiple shallow high-grade gold intersections within the optimised S1 and S2 open pits. The new results, including several 50–100 gram-metre intervals, support a geological reinterpretation toward higher-grade, vertically controlled mineralisation and underpin project economics that model the S1 and S2 pits to generate about A$1.3 billion in operating cash in the first 2.5 years, with development payback estimated at three times over that period. The company plans to commence 2026 development drilling programs in late January, including water bores, Phase 2 upgrade drilling and metallurgical and geotechnical diamond drilling, as it targets resource upgrades, a pre-feasibility study and a mining lease application by the end of 2026, potentially de-risking development and strengthening its position among emerging Australian gold producers.
The most recent analyst rating on (AU:BGD) stock is a Hold with a A$1.50 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 Gold Project in South Australia. The company is progressing open-pit mining concepts at the Tunkillia S1 and S2 deposits, targeting high-value, shallow gold resources to support near-term development and production in a strong precious metals price environment.
Average Trading Volume: 609,693
Technical Sentiment Signal: Buy
Current Market Cap: A$317.4M
See more data about BGD stock on TipRanks’ Stock Analysis page.