Barton Gold (BGD) Investor presentation summary

Strategic positioning and assets

• Leading gold developer in South Australia with 2.25 Moz gold resources and a dual hub-and-spoke model for regional consolidation and production growth.

• Owns the region’s only gold mill, providing strategic leverage and low-cost restart options with fully permitted infrastructure.

• Well-funded with $32 million cash, no debt, and a market cap of $298 million; closely held by institutional investors and included in the S&P ASX All Ordinaries Index.

Project development and milestones

• Central Gawler Mill (Hub 1) targets a low-risk restart with 313koz Au resources and ongoing resource upgrades and DFS.

• Tunkillia (Hub 2) advancing through PFS, targeting 121kozpa Au and 259kozpa Ag production, with a projected NPV of $1.4bn and 73% IRR.

• Wudinna and Tarcoola projects offer additional resource growth, blending feed, and new high-grade gold and silver discoveries.

• Multiple catalysts ahead: resource upgrades, feasibility studies, and mining lease applications scheduled through 2027.

Exploration and resource highlights

• Tunkillia features a shallow, higher-grade starter pit with rapid payback, generating up to $1.75bn cash at spot prices.

• Wudinna hosts 279koz Au with high recoveries and significant exploration upside.

• Tarcoola’s Tolmer prospect has delivered new high-grade gold (up to 83.6 g/t Au) and silver (up to 17,600 g/t Ag) zones.

• Total JORC resources: 2.23 Moz Au and 3.07 Moz Ag across all projects.