checkAd

     109  0 Kommentare Central Gawler Mill Valued at Over $100m Replacement Cost

    ADELAIDE, AUSTRALIA / ACCESSWIRE / June 14, 2024 / Barton Gold Holdings Limited (ASX:BGD) (Barton or the Company) is pleased to provide an update regarding its ongoing assessment of the Central Gawler Mill for potential future Stage 1 operations. In …

    ADELAIDE, AUSTRALIA / ACCESSWIRE / June 14, 2024 / Barton Gold Holdings Limited (ASX:BGD) (Barton or the Company) is pleased to provide an update regarding its ongoing assessment of the Central Gawler Mill for potential future Stage 1 operations. In December 2022 Barton completed a preliminary preservation program at the Central Gawler Mill to assist recommissioning scope and cost estimates, with key equipment disassembled, cleaned and stored.1

    Following these works Barton also commissioned an independent valuation report of the mill and associated site infrastructure. The purpose of this report is to inform the appropriate level of insurance cover to protect these strategic assets while Barton continues its regional development and assessment of potential options to commence accelerated ‘Stage 1' operations utilising the Central Gawler Mill.

    This report has valued the Central Gawler Mill and associated infrastructure at over $100 million on an ‘as new' replacement value basis, and over $50 million on an ‘as is' indemnity value basis.

    Commenting on the Central Gawler Mill valuation report, Barton MD Alex Scanlon said:

    "The Central Gawler Mill is uniquely valuable strategic infrastructure for Barton. Being fully permitted and licensed, it provides considerable leverage to the regional development of gold mineralisation via either (or both of) third party toll milling or accelerated commissioning of ‘Stage 1' operations utilising Tarcoola mineralisation.

    "The mill provides Barton a significant advantage in ‘crossing the drawbridge' into operations on a much lower-cost-and-risk basis, while potentially generating significant early cash to fund our larger long-term ambitions."

    Authorised by the Board of Directors of Barton Gold Holdings Limited.

    For further information, please contact:

    Alexander Scanlon
    Managing Director
    a.scanlon@bartongold.com.au
    +61 425 226 649
    Shannon Coates
    Company Secretary
    cosec@bartongold.com.au
    +61 8 9322 1587

    1 Refer to ASX announcements dated 20 Dec 2022 and 31 May 2023

    About Barton Gold

    Barton Gold is an ASX listed Australian gold exploration company with a total attributable 1.3Moz Au JORC Mineral Resources endowment (40.6Mt @ 1.0 g/t Au), a pipeline of advanced exploration projects and brownfield mines, and 100% ownership of the only regional gold mill in the central Gawler Craton of South Australia.*

    Seite 1 von 4
    Der Analyst erwartet ein Kursziel von 2518,20$, was eine Steigerung von +5,00% zum aktuellen Kurs entspricht. Mit diesen Produkten können Sie die Kurserwartungen des Analysten übertreffen.
    Übernehmen
    Für Ihre Einstellungen haben wir keine weiteren passenden Produkte gefunden.
    Bitte verändern Sie Kursziel, Zeitraum oder Emittent.
    Alternativ können Sie auch unsere Derivate-Suchen verwenden
    Knock-Out-Suche | Optionsschein-Suche | Zertifikate-Suche
    WerbungDisclaimer


    Diskutieren Sie über die enthaltenen Werte


    Accesswire
    0 Follower
    Autor folgen
    Mehr anzeigen
    We’re a newswire service standout and fast becoming an industry disruptor. We provide regional, national and global news to thousands of clients around the world. We’re also leading the way in social engagement, targeting and analytics.
    Mehr anzeigen

    Verfasst von Accesswire
    Central Gawler Mill Valued at Over $100m Replacement Cost ADELAIDE, AUSTRALIA / ACCESSWIRE / June 14, 2024 / Barton Gold Holdings Limited (ASX:BGD) (Barton or the Company) is pleased to provide an update regarding its ongoing assessment of the Central Gawler Mill for potential future Stage 1 operations. In …

    Schreibe Deinen Kommentar

    Disclaimer