BGD (ASX) Ann: $4.25 Million Gold Sale

Barton Gold Monthly Wrap Up (June 2024)
HIGHLIGHTS
$4.25 Million gold sale (link)
Appointment of Chief Financial Officer (link)
Expanded ~9,000m drilling program underway in Tarcoola Goldfield (link)
Tarcoola Perseverance Mine modelling &Tunkillia Scoping Studyunderway
Register here: 2024Australian Gold Conference&Eureka Party (26 Aug)
Click to view Barton's ASX Announcements
From the Desk of the CEO
Dear Investors & Colleagues,

June has been another big month for Barton Gold as we continue methodically building value through asset monetisation initiatives and regional development.

With a $4.25 million gold sale earlier this month we have extended our considerable track record of value preservation for BGD shareholders, with over $10 million in non-dilutive cash (net of costs) generated through asset monetisation since our 2021 IPO. This means less dilution for our shareholders, and more money into the ground.

It also means that we start the 2025 fiscal year very well funded to continue our long-term development strategy in South Australia's Central Gawler Craton. As the clock rolls over into July and the start of the new financial year, we have a lot on the horizon, including:
Tunkillia Scoping Study- with Mineral Resources recently upgraded to 1.5Moz Au, we have quickly moved into a preliminary Scoping Study. These results will serve as an initial test of a prospective ~5Mtpa development model, and help to identify key drivers of value and opportunities for optimisation later this year;
Tarcoola Perseverance Mine- with recent drilling identifying high-grade extensions of pit floor mineralisation grading up to ~12 g/t Au (link), we are sharpening up the geological model and looking to confirm an initial pit floor Mineral Resource as the first piece to anchoring potential 'Stage 1' operations; and
Tarcoola Goldfield drilling- we are drilling multiple recently identified structures in the historical high-grade Tarcoola Goldfield (link). The objective is to identify potential 'repeats' of the Perseverance Mine which can both act as potential 'Stage 1' feed to our Central Gawler Mill, and blending ore for Tunkillia.
Each of these initiatives will be key steps in advancing our strategy to develop a 150,000oz per annum gold producer on a staged, lower-cost and lower-risk strategy, and tell us where the next steps will be on the way to realising this objective.

Finally, as we look to the future we are pleased to welcome Nicola Frazer, another Normandy Mining alumnus, as our new CFO. She shares our passion for advancing South Australian mining and we are fortunate to have her on board.

We look forward to sharing quite a few updates during the months ahead, and for those interesteddon't forget tosign upfor the Australian Gold Conference in Sydney on 26-28 August. The first evening will be a complimentary event with a 2 hour panel discussion - and inaugural Eureka 2024 drinks social / party hosted by EMR Capital and Barton Gold.

Alex Scanlon
MD & CEO