Barton Gold completes Tunkillia Phase 2 drilling

Barton Gold Holdings Limited announced on August 5, 2026 that Phase 2 resource upgrade drilling at its Tunkillia Gold Project in Australia is complete. The campaign totaled 38,760 meters of reverse circulation and diamond drilling across 311 holes, bringing the combined Phase 1 and Phase 2 total to 57,653 meters across 520 holes. The objective is to upgrade mineralisation within the optimised open pits to JORC Indicated category, with the highest value S1 pit materials upgraded to Measured. The S1 Starter Pit is modelled to yield 206,000 ounces of gold and 491,000 ounces of silver at a cash cost of A$997 per ounce, generating over A$800 million in operating cash and repaying development more than twice in the first year. A Pre-Feasibility Study is underway, targeting publication in Q1 CY27. Managing Director Alexander Scanlon noted results have generally exceeded expectations, with positive surprises in some zones offering material upside potential.