Edison Investment Research - Initiation of Coverage
Valuation / target of AUD $0.65 - 0.96 / share
Dear Investors & Colleagues,
We are pleased to confirm that Edison Investment Research has initiated coverage of Barton Gold with a price target of AUD $0.65 - 0.96 / share.
This follows Tunkillia's JORC Resources upgrade to 1.5Moz Au during March, an initial Scoping Study outlining acompetitive ~130kozpa Au operation during July, and our most recent new high-grade discovery at Tarcoola's Tolmer prospect during August.
A copy of this research report can be found on the Company's websitehere.
We are currently waiting assays for follow up drilling in the Perseverance Mine where we recently confirmed a~20,000oz @ ~2 g/t Au JORC Resourcein the pit floor. In parallel, we are preparing large-scale regional exploration programs to start shortly, and undertaking further analyses for an optimised Tunkillia Scoping Study.
We look forward to sharing further updates in due course.Regards,
Alex Scanlon
MD & CEO
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