Potential large-scale operation; multiple optimisation opportunities
EXECUTIVE SUMMARY
Initial Scoping Study completed for Barton's South Australian Tunkillia Gold Project (100%), for potential 5Mtpa bulk open pit mining and processing model targeting capital economies of scale
Initial 6.4 year life-of-mine (LoM) and total ~8 year project life (including construction), with a total of 30.7Mt processed materials grading an avg 0.93 g/t gold (Au) and 2.52 g/t silver (Ag)
Initial LoM estimates include:
total payable metal of ~833koz Au and ~1,993koz Ag
avg annual production of ~130koz Au and ~311koz Ag
avg operating cashflow of ~A$1,626 / oz Au (net of by-product Ag credits), and
Available for distribution to new eligible investors before 30 June 2025
HIGHLIGHTS
Up to $1,488,500 in refundable tax offsets / franking credits available to eligible investors
Offsets / franking credits apply to new shares issued during the 2024 / 2025 financial year
