This is my pick for the April competition. …The chart looks good. A gold miner which recently found attractive silver hopings based in SA the Gawler region
and handsomely rewarded
.
March 2025 Quarterly Activities Report
Capital Structure+
218.9m Ordinary Shares
18.6m unlisted options
Working Capital
Cash: $7 million
Debt: Nil
* Barton also has another ~$4.5m restricted cash posted as security for rehabilitation bank guarantees.
Quarterly Highlights
Tunkillia Gold Project, SA (100%)
• Depth extensions of 50 – 100m confirmed at 223 Deposit, supporting potential JORC Mineral Resources growth
• Tunkillia JORC Resources grow to 1.6Moz Au and 3.1Moz Ag (62.9Mt @ 0.80 g/t Au), an increase of ~120koz Au
• Comminution improvements and power savings confirmed, indicating efficiency gains for Optimised Scoping Study
• Acceleration of Optimised Scoping Study programs targeting publication ahead of previously advised 30 June 2025
Tarcoola Gold Project, SA (100%)
• High-grade silver confirmed in recent Tolmer gold discovery, with gold and silver grades up to 83.6 g/t Au and 312 g/t Ag
• 2,230m follow up drilling program expedited to test additional strike and depth extension targets at Tolmer
• High-grade silver discovery in Tolmer ‘western silver zone’, with ultra-high-grade assays including:
• 6m at 4,747g/t Ag (incl. 1m at 17,600 g/t Ag); and
• 14m @ 434 g/t Ag (plus 4m contained gold over 3 g/t Au), all within ~50 metres of surface
Corporate
• $3.1 million profit for Half Year to 31 December 2024 after all exploration based on $8.5 million combined revenues including $5m gold sale and $2.4m R&D tax refund
