Tunkillia Scoping Study Outlines Competitive Large-Scale Gold Operation

Barton Gold Holdings Limited (ASX:BGD) has announced a live webinar, hosted by Sharewise on August 12, 2024. The session will discuss the preliminary Scoping Study results at the Tunkillia Gold Project and other corporate activities.

The study indicates a potential 5Mtpa bulk open-pit mining and processing project. It projects an average annual production of 130,000 ounces of gold at an A$1,917 per ounce All-in Sustaining Cost (AISC). The project's initial phase, or 'Starter' pit, is expected to produce 181,000 ounces of gold and 420,000 ounces of silver in the first 18 months, generating an average operating cash flow of A$2,265 per ounce of gold.

The project has an estimated Net Present Value (NPV) of A$512 million and an Internal Rate of Return (IRR) of 40%, with a 1.9-year payback period, all on an unlevered and pre-tax basis.

Alexander Scanlon, Managing Director of Barton Gold, highlighted the project's competitive AISC among Australian gold producers. He anticipates further developments in Tunkillia and nearby Tarcoola Goldfield over the next year, with current cash reserves over A$10 million to support strategic advancements.