Barton Completes $490,000 Gold Sale

Barton Gold Holdings Limited (ASX:BGD) has announced the sale of 164.8 ounces of gold, totaling approximately $490,000. The sold gold, which was part of a prior sale from June 2022, achieved a price of AUD $2,977.35 per ounce.

This recent sale marks a strategic step for Barton. In December 2022, the company recovered an additional 10+ tonnes of gold-bearing materials from the Central Gawler Mill. These materials have yet to be processed and are expected to generate further revenue.

Managing Director Alex Scanlon emphasized Barton's ability to monetize assets and enhance their treasury. Since their IPO in June 2022, Barton has generated over AUD $5 million in non-dilutive cash, benefiting shareholders significantly.

Barton continues to focus on expanding resources and asset monetization, with future gold sales anticipated from their December 2022 recovery efforts.