Barton Gold Holdings Limited · ASX:BGD
Barton Gold — Australian Gold Conference 2025
20 slides from Barton Gold's conference presentation, Oct 14, 2025
Slide 1: South Australia's 2.25 Moz Gold Developer
ASX:BGD FRA:BGD3 OTCQB:BGDFF South Australia’s 2.25 Moz Gold Developer 14 October 2025 | Australian Gold Conference Perseverance Mine, Tarcoola Project
Slide 2: Important Notices
Important Notices Please refer to appendices for details of all references contained throughout this presentation. Disclaimer This document has been approved by the Board of Barton Gold Holdings Limited (ACN 633 442 618) (together with its affiliates, “Barton” or the “Company”) and has been prepared
Slide 3: 2.25 Moz SA Developer
2.25 Moz SA Developer Strategic ‘first mover’ with permitted infrastructure in a proven gold district Leading the re-emergence of central South Australian gold • Strategy to consolidate region and develop large-scale production • Ownership of region’s only gold mill provides strategic leverage Gold
Slide 4: Capital Structure
Capital Structure Strong funding position with register consolidating around aligned management and reliable progress ($AUD) Share Distribution (6) Shares on issue (1) 240 million Board & Management Market Cap ($1.25 / share) (2) $300 million 21% 26% Institutional & Corporate Debt Nil HNW & Family O
Slide 5: Experienced Leadership
Experienced Leadership Strong SA and gold pedigree Board of Directors Senior Management Ken Williams | Non-Executive Chair Alexander Scanlon | Managing Director & CEO • ~30 years in mining, aviation & financial services • ~20 years in principal investments & resources • Former CFO Normandy Mining (N
Slide 6: District Leader
Australia’s next district player: hub and spoke model District Leader for long-term gold leadership in central Gawler Craton Darwin Rail Challenger Peak Iron | Peculiar Knob CGM | 313koz Au BHP | Prominent Hill Stage 1: Restart CGM operations Cu-Au-Ag Peak Iron | Buzzard • Existing fully-permitted
Slide 7: CGM 'Stage 1'
CGM ‘Stage 1’ Building blocks are now in place for low-cost, low-risk transition to operations → moving to definitive Feasibility Established infrastructure (1) • Fully permitted mill and Mining Leases • 600ktpa design throughput (fresh ore) • Strong historical gold recoveries of ~94.5% Adjacent per
Slide 8: CGM TSF1 Reprocessing
CGM TSF1 Reprocessing Coarse, higher-grade tailings offer low- cost startup, attractive early cashflow (1) Simple metallurgy • Clean gold / silver • Low impurities Attractive profile • 3.2Mt @ 0.54g/t Au (1) • Coarse P80 = 225μm (2) • Outer ring grading 0.7–1.0g/t Au (1,2) Multiple benefits • 65 – 7
Slide 9: Tunkillia 'Stage 2' Platform
Tunkillia ‘Stage 2’ Platform Excellent metrics driven by scale efficiencies, high-value ‘Starter Pit’ Key May 2025 Optimised Scoping Study outcomes: (1) ~5 Mtpa 121kozpa 259kozpa A$2,222 A$2,829 x 8 years payable Au payable Ag AISC / oz Au FCF / oz Au A$4.8bn A$2.7bn A$1.4bn 73% IRR 0.8 years Revenu
Slide 10: Tunkillia MRE Geometry
Tunkillia MRE Geometry Attractive characteristics with shallow, higher-grade central ‘Starter Pit’ zone ➢ ~80% of MRE tonnes & gold ounces within 200m of surface (1) ➢ ~300m long higher-grade core = valuable initial ‘Starter Pit’ (1) ➢ +250koz Au in shallow (~35m deep) oxide / transitional layer (1)
Slide 11: Tunkillia Rapid Payback
Tunkillia Rapid Payback High value ‘Starter Pits’ drive early return of capital, underwrite financing profile (1) High value ‘Starter Pits’: (1) • ‘S1’ yields 206koz Au, 491koz Ag and A$825m cash in ~13 months, paying back capex ~2x • ‘S1+S2’ → 365koz Au, 923koz Ag and A$1.3bn cash in ~27 months, pa
Slide 12: Wudinna Regional Leverage
Wudinna Regional Leverage Multiple enhancement options for BGD’s regional platforms Advanced platform, growth potential • JORC 279koz Au (5.81Mt @ 1.5 g/t Au) (1) • Deposits open to depth / strike extensions Pt Augusta Wudinna • Multiple untested exploration targets 279koz Au Investigator Resources
Slide 13: Tarcoola Emerging Platform
Tarcoola Emerging Platform Hunting high-grade blending feed for CGM & Tunkillia Mill Historical high-grade goldfield Darwin Rail • 1893 gold rush (~1893 – 1950) with over 600 historical workings across ML (1) • Perseverance open pit mine (20koz Au) sent ore → CGM during 2017 / 2018 (2) Significant
Slide 14: Tolmer Au-Ag Discoveries
Tolmer Au-Ag Discoveries ‘Western silver’ and ‘eastern gold’ zones now cover ~1.5km footprint (5) Source 5 ▪ Aug 2024 discovery of ‘eastern gold zone’ (83.6 g/t Au) (1) ▪ ‘Western silver zone’: Ag-dominant mineralisation associated with Pb; discovery hole 6m @ 4,747 g/t Ag from 46m (1) ▪ Mar 2025 di
Slide 15: Key Targets
Perseverance Mine, Tarcoola Project Key Targets Accelerating ‘Stage 1’ operations and large-scale ‘Stage 2’ growth Stage 1│Central Gawler Mill CY 2025 CY 2026 Definitive Feasibility studies Procurement and site works Commissioning Stage 2│Tunkillia expansion Environmental Scoping and studies Ore Res
Slide 16: Summary Platform + performance = Value
Summary Platform + performance = Value Strategic platform including fully-permitted infrastructure Advancing consistently with near-term ‘Stage 1’ operations Well capitalised with fully aligned, experienced leadership Multiple catalysts and frequent news Accessible in AUD, USD and EUR on Australian,
Slide 17: Contact
Contact Barton Gold Level 4, 12 Gilles Street Adelaide SA 5000 contact@bartongold.com.au www.bartongold.com.au Alexander Scanlon Managing Director & CEO a.scanlon@bartongold.com.au +61 425 226 649 Jade Cook Company Secretary cosec@bartongold.com.au +61 8 9322 1587 17
Slide 18: JORC (2012) Mineral Resources
JORC (2012) Mineral Resources (1) (1)Tables show the complete JORC MRE for each Project. Figures are subject to rounding, tonnages are dry-metric tonnes, and all Mineral Resources classified as ‘Inferred’ are approximate. Gold cut-off grades applied are: Tunkillia • 0.3 g/t Au (Area 223) • 0.3 g/t A
Slide 19: Competent Persons Statements
Competent Persons Statements The information relating to Exploration Results and Mineral Resources in this presentation is extracted from the Company’s Prospectus dated 14 May 2021 (Prospectus) and Barton ASX announcements as cross-referenced in the body of this presentation. A copy of the Prospectu
Slide 20: References
References Slide 4 (Capital Structure) 3 Refer to ASX announcement dated 21 July 2025; capex estimated on ±30% accuracy 1 Refer to ASX announcements dated 9 September and 14 October 2025 Slide 9 (CGM TSF1 Reprocessing) 2 As at ASX market open on 14 October 2025 (based on Placement price) 1 Refer to
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