Tunkillia Upgrade Drilling: Phase 1 Successfully Completed

Barton Gold Holdings Limited announced the completion of Phase 1 RC drilling at Tunkillia Gold Project in South Australia. The campaign, targeting the S1 and S2 pits, finished ahead of schedule and under budget, with 18,893 meters drilled across 209 holes in just 62 days. The S1 ‘Starter Pit’ is projected to yield 206,000 oz of gold, promising significant financial returns.

The company's Managing Director, Alex Scanlon, expressed confidence in the project’s potential. The S1 pit's high-grade central zone ensures a robust return on investment, enough to cover development costs more than twice in the first operational year. This achievement paves the way for further de-risking through advancement to the JORC ‘Measured’ category.

Phase 2 drilling is planned to commence in March 2026, aiming to convert open pit mineralisation to the ‘Indicated’ JORC category. This will support future expansion and feasibility studies.