Barton Gold Moves Forward with Wudinna Gold Project Acquisition

Barton Gold Holdings Limited (ASX:BGD) has furthered its acquisition of Cobra Resources PLC's Wudinna Gold Project in South Australia. A shareholder meeting is set for July 24, 2025, to finalize the deal, with 39% of votes already pledged in favor. The acquisition is contingent upon this vote.

A non-refundable A$50,000 deposit has been made. Upon approval, Barton will finalize ownership and engage in related agreements, including mineral rights and operating deals. Payments to Cobra will total A$5.5 million, split between cash and shares. Of this, Barton shares worth A$5 million are part of the deal.

Managing Director Alexander Scanlon expressed gratitude for shareholder backing and emphasized the strategic growth potential the acquisition presents for Barton in the Gawler Craton region.