Barton Gold

Financials:

Primary ticker: ASX:BGD
Stage of development: Exploration, Development
Primary minerals: Gold
Project to promote: Central Gawler Craton
Project location: Australia
Website: www.bartongold.com.au
Corporate video: Click here

Barton Gold is an ASX listed Australian gold exploration company with a total attributable ~1.1Moz Au JORC (2012) Mineral Resources endowment (28.68Mt @ 1.2 g/t Au), a pipeline of 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 and is aggressively expanding its Tarcoola and Tunkillia Gold Projects in support of large-scale development options. The Company’s ambition is to establish a +2Moz Au Resources base and develop South Australia’s largest independent gold producer (+150,000ozpa) within 5 years.

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

Cash: AUD$8.85M
Debt: NIL

Major shareholders
Gocta Holdings – 24.85%
Six Fingers Pty Ltd – 7.96%
Telarah Holdings – 7.96%
GateJ Pty Ltd – 7.94%
Merk ASA Gold Fund – 4.90%
Management Ownership – 32.9%

Management Profile

Alexander Scanlon – MD & CEO
Alexander Scanlon 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 2023. Barton has identified over 2km of new gold mineralisation in the past 16 months and expects 2023 to be a transformation year, heading into feasibility studies during 2024 for a restart of operations using our Central Gawler Mill and subsequent large scale expansion.

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

15 Feb 2023 – Completion of 12,000m RC Drilling at Tunkillia Gold Project
25 Jan 2023 – Further assays support potential Tunkillia extensions
23 Jan 2023 – Completion of Diamond Drilling at Tunkillia Gold Project
20 Dec 2022 – Mill cleanout recovers 10+ tonnes of gold bearing materials
15 Dec 2022 – Initial assay results highlight Tunkillia growth potential
11 Nov 2022 – Partial camp disposal yields $725,000 sale proceeds
07 Nov 2022 – Barton granted major new tenement at Tarcoola Gold Project
03 Oct 2022 – Barton granted new tenement at Tunkillia Gold Project
05 Sep 2022 – Tunkillia Project grows with new 500m Area 51 gold zone
22 Aug 2022 – High-grade assays extend Perseverance West gold zone
30 Jun 2022 – Barton completes $1m gold sale
28 Jun 2022 – Partial camp disposal yields $737,500 cash proceeds
15 Jun 2022 – Barton Awarded $595,000 ADI Round 3 Exploration Grants

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

3 Months:
JORC Mineral Resource Estimate update for the 965,000oz Au Tunkillia Gold Project

6 Months:
Additional JORC (2012) Mineral Resource Estimate update(s) for Tarcoola and Tunkillia Gold Projects

12 Months:
Feasibility studies confirming platform for operations restart and large-scale expansion

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

A relatively 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.

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 1.1Moz JORC (2012) Mineral Resources and its own gold mill are just the starting point – over 30,000m of drilling has identified 4 new gold zones and multiple extensions of mineralisation during the past 16 months; and
3) BGD expects to announce multiple JORC Resource updates during 2023 to underpin 2024 studies for operations restart and subsequent large-scale ‘Stage 2’ expansion.