Barton Gold Holdings Limited (ASX: BGD) has sold a portion of its central Gawler Craton mine camp for A$737,500 + GST in a cash transaction.
The camp is owned by a wholly owned subsidiary of Barton, and is a part of Barton’s broader Infrastructure Hub which includes the Central Gawler Mill in South Australia.
The portion sold represents capacity which is surplus to the company’s regional strategy and requirements.
The funds received will be directed towards ongoing large-scale exploration programs at the company’s primary area of interest, being the Southern Hub, which hosts the Tarcoola and Tunkillia Gold Projects.
“We are pleased to share this news with investors, with this sale of surplus camp representing the first of several value-add corporate initiatives we have underway in parallel with large-scale regional exploration,” MD Alexander Scanlon said.
“The Central Gawler Mill will initially service regional toll milling and Stage 1 Tarcoola operations, so the current environment of high asset prices presents strong opportunities to realise significant value, strategically re-stock capital from internal sources, and direct proceeds toward high-value exploration.”
For further information please visit: https://bartongold.com.au/
