Barton Gold Monthly Wrap Up (January 2024)
HIGHLIGHTS
- Multiple exploration, project and corporate initiatives underway
- Tunkillia: ~8,000m RC / DD drilling assays pending for A51, A191 & SE Offset
- Tarcoola: ~1,000m RC / DD drilling assays pending for Perseverance Mine
- Tender opened for sale of ~1,400oz Au gold in concentrates
Click to view Barton's ASX Announcements
From the Desk of the CEO
Dear Investors & Colleagues,
We'll keep this one brief, as we detailed all of the above and more in our recently published31 December 2023 Quarterly Activities / Cashflow Reports.
After a very productive past quarter, we're set for a fast start to the new year with more than 9,000m of drilling assays lined up in the lab and results expected imminently across a collection of JORC Resources conversion and exploration targets.
We've also formally opened a tender for the sale of the ~$4.3m (contained) gold we have in concentrates, which we prepared during 2023 from our Central Gawler Mill. We expect to sell some or all of these shortly to add to our $4.6m cash pile (@ 31 Dec).
Importantly, the intensive Sep - Dec 2023 drilling program has not only delivered another large Tunkillia upgrade (+224koz Au) at very low cost / new ounce, but will keep delivering results (and hopefully more JORC growth) throughout this quarter and next.
Essentially, we accelerated a good chunk of planned 2024 drilling ahead of time so we could hit the ground at a sprint for early 2024, and we now expect to realise considerably lower net quarterly cash expenditure for the next two quarters while still advancing at pace.
So, keep an eye out for imminent updates on the assays front, and for other corporate initiatives we have been steadily advancing to pursue further asset monetisation and corporate evolution. 2024 is looking like another exciting year ahead for BGD!
We look forward to sharing further updates as they arise and, as always, we are honoured and grateful to have your support.
Alex Scanlon
MD & CEO
Upcoming Events
Barton will be presenting at the following events and conferences during the coming months:
Register to attend below:
Melbourne Mining Club
Melbourne / 5 March 2024
Contact MMC hereto attend.
AMEC Investor Briefing
Perth / 9 April 2024
Registerhereto attend.
Latest Media
Making Money Matter: Resources Update
19 December 2023
Small Caps: Tunkillia Grows to 1.38Moz Au
16 December 2023
Tunkillia MRE Update (1.38Moz) - Live Webinar
15 December 2023
Interview with Swiss Resource Capital AG
13 November 2023
Interview with the The Market Bull podcast
6 September 2023
Australian Gold Conference Panel Discussion
30 August 2023
Barton Gold on The Weekend Prospector (Season 5, Ep. 10)
27 May 2023
Click to view all Media
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