Live Webinar - Tunkillia Scoping Study Overview

Barton Gold Holdings Limited (ASX:BGD) announces a live webinar hosted by Small Caps Australia on Tuesday, July 23. Managing Director Alex Scanlon will present the preliminary Scoping Study results for the Tunkillia Gold Project.

The study proposes a five million tonnes per annum (5Mtpa) bulk open pit mining project. Highlights include a 6.4-year life-of-mine, producing approximately 833,000 oz of payable gold and 1,993,000 oz of payable silver. The average annual output is projected at 130,000 oz gold and 311,000 oz silver.

The project boasts a competitive All-in Sustaining Cost (AISC) of A$1,917 per oz of gold and an average operating cash flow of A$1,626 per oz. The 'Starter' pit aims to produce 181,000 oz gold and 420,000 oz silver in the first 18 months, with an average operating cash flow of A$2,265 per oz. The study estimates an NPV7.5% of A$512 million, a 40% IRR, and a 1.9-year payback period.

Barton Gold will use its A$10 million cash reserve to continue advancing its strategy for large-scale gold production in South Australia.