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Targeting efficiencies of scale in gold production & future optimisation
HIGHLIGHTS
Live webinar with Q&A hosted by Small Caps Australia
Tuesday, 23 July @ 09:00 London / 10:00 Zurich / 16:00 Perth / 18:00 Sydney
Potential large-scale operation; multiple optimisation opportunities
EXECUTIVE SUMMARY
Initial Scoping Study completed for Barton's South Australian Tunkillia Gold Project (100%), for potential 5Mtpa bulk open pit mining and processing model targeting capital economies of scale
Initial 6.4 year life-of-mine (LoM) and total ~8 year project life (including construction), with a total of 30.7Mt processed materials grading an avg 0.93 g/t gold (Au) and 2.52 g/t silver (Ag)
Initial LoM estimates include:
total payable metal of ~833koz Au and ~1,993koz Ag
avg annual production of ~130koz Au and ~311koz Ag
avg operating cashflow of ~A$1,626 / oz Au (net of by-product Ag credits), and
Available for distribution to new eligible investors before 30 June 2025
HIGHLIGHTS
Up to $1,488,500 in refundable tax offsets / franking credits available to eligible investors
Offsets / franking credits apply to new shares issued during the 2024 / 2025 financial year
HIGHLIGHTS
- Appointment of new CFO with +25 years' South Australian mining and oil & gas experience
- Expansion of Barton's commercial development, project finance and grant funding focus
HIGHLIGHTS
- Sale of ~1,400oz gold produced from December 2022 mill cleanout and preservation program [1]
- Provisional payment of 90% received, totalling USD $2.82 million (AUD $4.25 million) [2]
Multiple new structures indicate material strike and depth potential
Platform established for 2024 Scoping Studies and high-grade targeting
~224koz added at only A$16/oz; Barton total JORC Resources now ~1.5Moz
~189koz added at cost of only A$12 / oz; Barton total MRE now 1.3Moz