Barton Gold

Barton Gold_300x200px

Primary tickers: ASX:BGD, OTCQB:BGDFF, FRA:BGD3
Stage of development: Exploration, Development
Primary mineral: Gold
Project to promote: Central Gawler Craton
Project location: Australia

Barton Gold is an ASX, OTCQB and Frankfurt listed Australian gold developer with ~1.6Moz Au JORC Mineral Resources, advanced exploration projects and brownfield mines, and 100% ownership of the only regional gold mill in the central Gawler Craton of South Australia.


Barton is well funded with a strong institutional shareholder register, and is growing its Tarcoola and Tunkillia Gold Projects toward the Company’s ambition to develop South Australia’s largest independent gold producer, targeting 150,000oz production.


Barton’s Central Gawler Mill processed ore from its Tarcoola Gold Project during 2017 – 2018 with ~94% recoveries, providing a platform for early ‘Stage 1’ operations and toll milling options for multiple regional explorers.


Barton is already actively producing concentrates from mill recoveries and existing stockpiled ore, and has produced over $6m worth of gold to date.





Major shareholders
Gocta Group – 20.9%
Collins Street Asset Management – 6.9%
MERK ASA Gold Fund – 4.9%
IXIOS Asset Management – 2.8%
Management Ownership – 23%


Management Profile

Alexander Scanlon – MD & CEO
Alex is the founder of Barton Gold and a financial economist with ~20 years’ experience in financial analysis, consulting, structured finance and mining advisory, investment and management. He was previously Managing Director of PARQ Capital Management and a Director with Lusona Capital where he focused on corporate advisory and principal investments in the natural resources sector, and before that an Executive in the Principal Investments Area of Barclays Capital.

What is your rationale for taking part in 121 Mining Investment?

Barton Gold is rapidly expanding its projects with consistent, significant exploration results. We are sharing our story internationally as we continue to execute large-scale exploration programs on our way to multiple JORC Mineral Resource updates anticipated for the end of 2023 and early 2024. Barton has identified over 2km of new gold mineralisation in the past 24 months, has expanded it Tunkillia JORC Resources by 55% to 1.5Moz Au at an ‘all in’ cost of only AUD $15 / oz, and expects to continue growing throughout 2024. The Company is commencing a Scoping Study for the Tunkillia Project, and is now pursuing complementary shallow high-grade mineralisation at the neighbouring Tarcoola Gold Project to support a potential ‘Stage 1’ operation leveraging our existing Central Gawler Mill. We expect to publish further JORC Resources updates during the coming 6 months along with the results of a Tunkillia Scoping Study and other asset monetisation scoping studies.

What recent news would you like to highlight to investors attending?

05 Apr 2024 – Collins Street Value Fund becomes 6.9% Substantial Shareholder
27 Mar 2024 – $3m Placement and $1m SPP to Launch Tunkillia Studies
04 Mar 2024 – New Area 51 Resource Lifts Tunkillia to 1.5 Million oz Gold
14 Feb 2024 – Visible High Grade Gold Confirmed at Tunkillia’s Area 191
11 Dec 2024 – Tunkillia JORC Resources Grow Another 20% to 1.38 Million oz
04 Dec 2024 – 20,000m Tunkillia Growth Drilling Program Complete
28 Nov 2024 – Seismic Survey Reveals Tarcoola Goldfield Architecture
21 Aug 2023 – Saleable Gold Concentrates Increase to Approx. 1,400oz Au
15 Aug 2023 – Barton Gold Commences Trading on OTCQB & Frankfurt Exchanges
14 Aug 2023 – Seismic Targeting Program Completed at Tarcoola Gold Project
26 Jun 2023 – Oversubscribed $3.5m Institutional Placement Completed
01 Jun 2023 – Central Gawler Mill valued at over $100m replacement cost
26 Apr 2023 – Tunkillia Mineral Resources grow 20% to 1.15 Million oz
11 Apr 2023 – Barton & SensOre – Gawler Craton Gold-Copper Partnership
28 Mar 2023 – Barton completes $490,000 gold sale
20 Dec 2022 – Mill cleanout recovers 10+ tonnes of gold bearing materials

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Scoping Study for the 1.5Moz Au (JORC) Tunkillia Gold Project


6 Months:
New shallow high-grade discoveries in the historical Tarcoola Goldfield.


12 Months:
Additional JORC (2012) Mineral Resource Estimate update(s) for Tarcoola and Tunkillia Gold Projects, and expanded Scoping studies confirming platform for operations restart and large-scale expansion to 150,000ozpa production target.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

A recently soft market for gold equities and the gold sector presents challenges to attracting investor attention; however Barton Gold is very well capitalised and is drawing renewed attention with a consistent innovation and significant exploration outcomes.

What do you think makes your company such a compelling investment?

Barton Gold is unique among its ‘ exploration peers’ in several ways: (1) It is the only pure-play South Australian gold explorer on the ASX; (2) Barton is actually an advanced asset manager with existing mines, properties and wholly-owned processing infrastructure which provides a low-cost / risk platform to commence operations, and (3) Barton has sources of income from monetising its assets which extends treasury, subsidizes exploration costs, and protects shareholders from additional equity dilution. Barton has generated nearly $10 million in additional, non-dilutive cash from asset monetisation during the past 2 years, providing a significant level of protection from dilution for shareholders.

What are the top 3 key investor takeaways?

1) BGD has consolidated a proven historical gold district and is rapidly growing its projects;
2) BGD’s existing platform of 1.6Moz JORC (2012) Mineral Resources and its own gold mill are just the starting point – over 100km of major structures remain largely untested; and
3) BGD expects to announce Scoping Studies and further JORC Resource updates during 2024 to underpin a potential ‘Stage 1’ operations restart at Tarcoola and subsequent large-scale ‘Stage 2’ expansion at Tunkillia.