Barton Gold Holdings Limited (ASX: BGD) has sold a minority portion of its central Gawler Craton mine camp in South Australia for AS$725,000 + GST in gross proceeds.
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.
The portion sold represents capacity which is surplus to the company’s regional strategy and requirements.
This sale follows the earlier disposal, during June 2022, of another minority portion of its central Gawler Craton mine camp for $737,500 + GST.
The funds received will be directed towards ongoing large-scale exploration programmes at the Company’s Tarcoola and Tunkillia Gold Projects.
“We are pleased to share this news with investors, with this sale of surplus camp representing the continuation of several value-add corporate initiatives underway in parallel with large-scale exploration,” Managing Director, Alexander Scanlon, said.
“We will continue to monetise our surplus assets to generate capital internally and without shareholder dilution and direct the proceeds toward high-value exploration programmes and development initiatives.”
For further information please visit: https://bartongold.com.au/
