Barton Gold Holdings Limited · ASX:BGD
Barton Gold — Noosa Mining Conference 2025
20 slides from Barton Gold's conference presentation, Jul 23, 2025
Slide 1: South Australia's 1.9 Moz (and growing) Developer
ASX:BGD FRA:BGD3 OTCQB:BGDFF South Australia’s 1.9 Moz (and growing) Developer 23 July 2025 | Noosa Mining Conference Perseverance Mine, Tarcoola Project
Slide 2: Important Notices
Important Notices 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 for the exclusive use of the party to whom Barton delivers this document (the “Recipient”). The
Slide 3: 1.9 Moz SA Developer
1.9 Moz SA Developer Strategic ‘first mover’ with permitted infrastructure in a proven gold district Leading the re-emergence of central South Australian gold • Dominant regional gold position, including the region’s only gold mill • Low-cost Resources growth and new high-grade silver discovery (1)
Slide 4: Capital Structure
Capital Structure Strong funding position with register consolidating around aligned management and reliable progress ($AUD) Share Distribution (5) Shares on issue (1) 224.6 million Board & Management Market Cap ($0.71 / share) (2) $159 million 20% 22% Institutional & Corporate Debt Nil HNW & Family
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: Dual Platforms
Barton has the infrastructure leverage to quickly and Dual Platforms cheaply step from 'explorer' to 'producer’, then self-fund Marmota (MEU) Central Gawler Mill Darwin Rail 286koz Au O/P: 93koz @ 2.71 g/t Au Stage 1: Leverage CGM to operations U/G: 22koz @ 3.98 g/t Au Marmota (MEU) Peak Iron Pecu
Slide 7: Following the Leader
Following the Leader Large-scale capital and operating efficiencies are the path to lower costs and higher profits $10.00 ASX:CMM (Mkt Cap ~A$4.1bn) - Karlawinda Project (1,2) 1 Aug 2024 • Bulk open pit and 4.5Mtpa mill → ~120koz annual production 2.25Moz Au (0.7g/t)(4) • One of Australia’s lowest c
Slide 8: CGM 'Stage 1'
CGM ‘Stage 1’ Building blocks now in place → CGM a significant leverage point for lower-cost / risk transition to Stage 1 production Established infrastructure (1) • Fully permitted mill with 600ktpa throughput • 2 stage crushing, 2 ball mills, gravity and CIP • High historical gold recoveries of ~9
Slide 9: Tunkillia 'Stage 2' Expansion
Tunkillia ‘Stage 2’ Expansion Excellent returns driven by a sub- 1 year payback period 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 Revenues FCF (Ops) NP
Slide 10: Tunkillia MRE Geometry
Tunkillia MRE Geometry Attractive characteristics with higher- grade central & shallow supergene zones ➢ ~80% of MRE tonnes & gold ounces within 200m of surface (1) ➢ ~300m long higher-grade core = valuable initial ‘Starter Pit’ (1) ➢ +200koz Au in shallow (~35m deep) oxide / transitional layer (1)
Slide 11: Tunkillia Staged Mine Design
Tunkillia Staged Mine Design High value ‘Starter Pits’ drive strong project financial profile High value ‘Starter Pits’: (1) (1) • ‘S1’ produces 206koz Au & 491koz Ag in ~13 months • ‘S2’ produces 159koz Au & 432koz Ag in ~14 months • ‘S1’ yields A$825m free cash in first ~13 months, paying back up-
Slide 12: Tarcoola High-Grade History
Tarcoola High-Grade History Hunting high-grade for Stage 1 feed and future ‘Stage 2’ blend Perseverance Mine Darwin Rail Birthplace of ‘South Australian gold’ N • 1893 gold rush (~1893 – 1950) produced 77koz Au @ 37.5 g/t Au (1) • Produced open pit ore @ ~3.8 g/t Au → EL7022 Central Gawler Mill du
Slide 13: Tarcoola Emerging Platform
Tarcoola Emerging Platform New model for historical high- grade goldfield → 1st discovery New look at an old goldfield • Over 600 historical gold workings • 2023: new structural model following multiple programs including seismic (1) Immediate exploration success • Tolmer: dual emerging high-grade g
Slide 14: Tolmer Silver Discovery
Tolmer Silver Discovery Shallow, Ag-dominant mineralisation with globally significant drilling intersections (1) (1) ▪ Ag-dominant mineralisation associated with anomalous Pb, ▪ Follow-up drilling expedited after March 2025 AG discovery; with discovery hole of 6m @ 4,747 g/t Ag from only 46m (1) exp
Slide 15: Wudinna Acquisition
Wudinna Acquisition Significant low-cost optionality to BGD’s long-term regional development objectives Advanced SA gold project • Located ~200km SE of Tunkillia Project • JORC 279koz Au (5.81Mt @ 1.5 g/t Au) (1) • On Completion, BGD total JORC Mineral Resources will then be ~2.14Moz Au (1) Growth a
Slide 16: 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 Scoping / Feasibility studies Site works & commissioning First production Stage 2│Tunkillia expansion Environmental Scoping and studies JORC
Slide 17: Summary Platform + performance = Value
Summary Platform + performance = Value Strategic platform including fully-permitted infrastructure Advancing consistently with near-term ‘Stage 1’ operations Well capitalized with fully aligned, experienced leadership Multiple catalysts and frequent news Accessible in AUD, USD and EUR on Australian,
Slide 18: 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 18
Slide 19: 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
Slide 20: 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