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2026 Tunkillia Development Drilling Programs Begin
Targeting Ore Reserves, PFS and ML application by the end of 2026 HIGHLIGHTS May 2025 Optimised Scoping Study (OSS) outlined a compelling Tunkillia development project:1 Annual production: ~120,000oz gold and ~250,000oz silver Total LoM operating ...
About this update from Barton Gold Holdings Limited
[{"type":"text","content":"Targeting Ore Reserves, PFS and ML application by the end of 2026","length":65,"tagName":"p"},{"type":"text","content":"HIGHLIGHTS","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"May 2025 Optimised Scoping Study (OSS) outlined a compelling Tunkillia development project:1","length":92,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Annual production: ~120,000oz gold and ~250,000oz silver","length":56,"tagName":"p"}]},{"val":[{"type":"text","content":"Total LoM operating cash: ~A$2.7 billion (unlevered, pre-tax)","length":61,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Present Value (NPV7.5%): ~A$1.4 billion (unlevered, pre-tax)","length":64,"tagName":"p"}]},{"val":[{"type":"text","content":"Internal Rate of Return (IRR): ~73.2% (unlevered, pre-tax); and","length":63,"tagName":"p"}]},{"val":[{"type":"text","content":"Payback period: ~0.8 years (unlevered, pre-tax)","length":47,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":291,"olType":false}]},{"val":[{"type":"text","content":"Barton expediting Tunkillia toward Mining Lease (ML) application, with AUD gold and silver prices now over $1,500/oz and $50/oz higher (respectively) than used for OSS revenue estimates1","length":186,"tagName":"p"}]},{"val":[{"type":"text","content":"~900m water drilling has started, targeting potential new water sources near OSS open pits","length":90,"tagName":"p"}]},{"val":[{"type":"text","content":"~28,000m second phase reverse circulation (RC) Resource upgrade drilling to begin March 2026, with ~3,000m Resource, geotechnical & metallurgical diamond drilling (DD) to start in parallel","length":192,"tagName":"p"}]},{"val":[{"type":"text","content":"Targeting JORC (2012) Ore Reserves, pre-feasibility study (PFS) & ML application by end of 2026","length":99,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":950,"olType":false},{"type":"text","content":"ADELAIDE, AU / ACCESS Newswire / February 2, 2026 / Barton Gold Holdings Limited (ASX:BGD)(OTCQB:BGDFF)(FRA:BGD3) (Barton or Company) is pleased to announce the start of water bore drilling at its South Australian Tunkillia Gold Project (Tunkillia). Underdale Drillers has been engaged to complete a program totalling ~900m drilling for preliminary water testing. Success in locating additional sources of...