SYDNEY, AUSTRALIA / ACCESSWIRE / June 13, 2023 / Barton Gold Holdings Ltd (ASX:BGD)(OTC PINK:BGHLF) is pleased to announce progress towards its development platform of 1.3M oz Gold.
Processing has begun on the second 4.5 tonne cleanout of the Central Gawler Mill averaging 3 g/t for $A1.1m of gold.
Independent Investment Research has produced a detailed report on operations and expected cash flow which values Barton Gold at about $A0.50c a share. The current market is at around $A0.28c. This report is now publicly available and can be downloaded from the Barton Gold website here.
ABOUT BARTON GOLD HOLDINGS LTD
Bringing New Life To South Australian Gold
Barton Gold Holdings Limited is an ASX (BGD) and OTC Pink Sheet (BGHLF) listed Australian gold company exploring the South Australian Gawler Craton adjacent to its fully owned Central Gawler Gold Mill.
Barton has identified a 1.3 Moz gold Resource. Expectations of further high grade deposits from current exploration at Tarcoola and Tunkilla supports expectations of becoming a 150,000 ounce pa gold producer.
Further potential exists at the Central Gawler Mill and Mill village.
Current Price June 5, $A0.28c (Hi/Lo 12 months $A0.28.5 $A0.14)
Fully Diluted Shares 194.62M
Market Cap June 5, $A50.16 M
Independent Investment Research Valuation June 5, $A0.48c or $A100M Market Cap
Timeline
Stage 1 Prove up more ore at Tarcoola, restart Gawler mill for third party processing.
Stage 2 Prove up Resource to support 5Mtpa processing to produce 150,000 oz pa
https://bartongold.com.au/wp-content/uploads/BartonGoldIIRResearchReportJun23.pdf
CONTACT:
Alexander Scanlon, CEO
+61 426 226 649
a.scanlon@bartongold.com.au
SOURCE: Barton Gold Holdings Ltd
View source version on accesswire.com:
https://www.accesswire.com/761167/Barton-Gold-Valuation-Report
