Edison publishes report on Barton Gold (BGD)

London, UK, 2 September 2024

Edison publishes report on Barton Gold (BGD)

Edison publishes report on Barton Gold (ASX: BGD).

With the release of the results of its maiden feasibility study on the Tunkillia Project on July 16, Barton is well on track to implement its three-phase development strategy to achieve approximately 150,000 ounces of gold production. The study assumed a 5 million tonne per annum open pit mine operated for 6.4 years, processing 30.7 million tonnes of material at an average grade of 0.93 g/t Au to achieve a pre-tax NPV7.5 of A$512 million and an internal rate of return (IRR) of 40%, using a gold price of A$3,500 per ounce, average all-in costs of A$1,917 per ounce and initial capital costs of A$374 million. Barton is currently undertaking an optimisation review aimed at achieving further cost savings and extending the life of mine.

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1979687 02 September 2024

Barton Gold Holdings shares were trading at a decline of -35.12 % up to 0.109EUR on the Frankfurt Stock Exchange (July 25, 2024, 3:29 p.m.).