Wudinna Gold Project Rights Acquisition Completed
Acquisition of 279koz Au project approved by vendor shareholders
HIGHLIGHTS
- Barton acquires binding rights to ownership pending tenement transfer
- Barton South Australian JORC Gold Mineral Resources now 2.14Moz Au
2.14 million ozs. That's excellent news.
Dear Investors & Colleagues,
Further to our recent announcement of binding terms to acquire the Wudinna Gold Project (Transaction), we are pleased to confirm that the shareholders of Cobra Resources PLC (Cobra)have approved the Transaction.
Barton’s total South Australian JORC gold Resources are now 2.14Moz Au, which will shortly grow further on replacement of the JORC Resources estimate in the Challenger underground below 900mRL.This work is currently underway.
We will now continue our evaluation of opportunities to integrate Wudinna into our long-term regional development objectives. These assets offer significant optionality given our professional capabilities and planned future infrastructure.
We look forward to sharing updates as we advance this project.
A copy of this announcement can be found on the ASX platform and the Company's websitehere.
Funding will be sorted by Alex and the Financial network he has at his disposal for the start up, especially with such a short/rapid payback for any debt Funding.
If after everything that has been achieved by this team in such a short time frame with mininal dilution, then i appreciate the gift the market drifting on this stock is throwing out there.
Silly but not surprised. This pattern plays out time and time again.
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