AI gen handful gold
Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Barton Gold (ASX:BGD) has released its scoping study for its Tunkillia Gold Project (TGP), the results of which it described at positive on Tuesday.

The company predicts a $374M CapEx burden – “before owner costs, pre-strip and contingencies” – compared to an ‘initial net present value’ of $512M on a 40% IRR and 1.9 year payback on a pre-tax basis.

The company expects a 6.4Y life of mine (LOM) and 8Y project life including construction with the capacity to process 30.7Mt of ore for total payable metal of 833Koz gold. The company has far more silver, at 1,993Koz.

The company expects to make 130Koz and 311Koz of each respectively per annum with the all in cost for gold per ounce at $1,917oz.

“Even based upon initial processing cost assumptions that Barton considers to be fairly conservative, and only a 6 year initial mine life, Tunkillia delivers strong returns, competitive AISC performance and a 1.9 year payback,” Barton MD Alex Scanlon said.

“This is only a preliminary study and we have already identified multiple areas for potential optimisation in terms of process design, capital costs, operating costs and growth in the life of mine and materials schedule.”

BGD last traded at 25cps.

BGD by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Index pares gains to close flat | December 18, 2024

The ASX200 closed flat and down just 0.06% at 8,309points. Industrials was the strongest performing sector,…
Market Update Graphic

ASX Market Update: Insignia rejects Bain bid as bourse rises | December 18, 2024

Christmas is one week away and the ASX200 has been up 0.25% at 8335 points.
A conveyer belt carrying bags of activated carbon

Carbonxt readies for production at its Kentucky plant, captures 40% ownership

Carbonxt Group has boosted its ownership of an activated carbon production plant in Kentucky to 40%,…
E-waste recycling concept

Close the Loop jumps 7% after extending due diligence grace for Adamantem

Close the Loop, a e-waste recycling firm with an international footprint, has allowed Adamantem Capital more…