Barton Gold (BGD) RRS Gather Round Conference Presentation summary

Strategic platform and assets

• Holds ~5,000km² of tenements in South Australia, including the region's only gold mill and a 1.7Moz gold resource base.

• Dual-track strategy: near-term production from existing assets and long-term growth via large-scale projects.

• Stage 1 leverages the fully permitted Central Gawler Mill; Stage 2 targets 150kozpa gold production at Tunkillia.

• Tunkillia Project features a robust 5Mtpa base case with 130kozpa gold at A$1,917/oz AISC.

• Tarcoola Project offers high-grade, fully permitted open pit and new gold-silver discoveries.

Financial position and capital structure

• 218.9 million shares on issue, market cap of $79 million, and $9.2 million in cash as of early 2025.

• No debt and a strong funding position, with over $12 million generated internally since IPO.

• Share register consolidating around management, institutions, and HNW investors; top 20 hold ~59%.

• Focus on low-dilution capital generation and commercialisation of key assets.

Project development and operational highlights

• Stage 1: Central Gawler Mill restart targets near-term production using open pits, stockpiles, and underground resources.

• Stage 2: Tunkillia Project aims for large-scale, low-cost production with a 6.4-year mine life and 1.9-year payback.

• Tunkillia's 'Starter Pit' delivers 180koz at A$1,235/oz, generating A$400m gross FCF in first 18 months.

• Tarcoola Perseverance Mine offers 20koz at 2g/t Au as immediate feed, with further extension potential.

• New Tolmer discovery at Tarcoola yields gold up to 83.6g/t and silver up to 17,600g/t.