Barton Gold secures investments from leading institutions to drive resource growth

Barton Gold (ASX: BGD) managing director Alexander Scanlon joins Small Caps to discuss the company’s continued run of success at its high-class South Australian projects.

The company received binding commitments for a $3.5 million placement led by institutional investors from Australia, Europe and North America, with proceeds intended to speed up the definition of 'Stage 1' Resources, while also planning a $1 million Share Purchase Plan and estimating a pro-forma cash balance of over $10 million by 30 June 2023.

Barton recently cleaned up to the tune of $1.1 million when it uncovered a large haul of “bonanza” grade gold during a refurbishment operation at its historic Central Gawler Mill.

As part of the same program, Barton also obtained an insurance valuation of $100 million for the key piece of regional infrastructure.

At the same time the company is making strong progress with its exploration plans in the gold rich Gawler Basin.

Barton currently has a total attributable 1.3 million ounces of gold JORC mineral resources estimates in assets such as the Tunkillia gold project and the Tarcoola and Challenger gold mines and current exploration work has highlighted the company’s significant upside.

Articles:
https://smallcaps.com.au/barton-gold-dispatches-second-round-materials-mill-cleanout-hunt-leftover/
https://smallcaps.com.au/new-study-highlights-significant-value-barton-gold-central-gawler-mill/
https://smallcaps.com.au/barton-uncovers-gold-central-gawler-mill-cleanout/

For more information on Barton Gold:
https://smallcaps.com.au/stocks/BGD/

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