Tunkillia Gold Project - Initial Scoping Study Results

Barton Gold Holdings Limited has released results from its initial scoping study for the Tunkillia Gold Project in South Australia. The study indicates potential for a large-scale operation with several optimization opportunities.

The study outlines a 6.4-year life-of-mine, processing a total of 30.7 million tonnes with an average grade of 0.93 g/t gold and 2.52 g/t silver. Estimated total payable metals are approximately 833,000 oz gold and 1,993,000 oz silver.

Projected average annual production stands at 130,133 oz gold and 311,394 oz silver. Operating cashflow is estimated at A$1,626 per oz of gold, with an all-in sustaining cost (AISC) of A$1,917 per oz, placing Tunkillia among competitive Australian gold operations.

The capital cost is estimated at A$374 million, with a net present value (NPV) of A$512 million and a 40% internal rate of return (IRR). The project has a payback period of 1.9 years.