Barton Gold Holdings Limited (ASX: BGD) has received A$1 million from the sale of gold materials to ABC Bullion, a precious metals refiner and bullion dealer based in Sydney, Australia.
The sale follows a clean-up programme at the company’s Central Gawler Mill, undertaken during early 2022.
The A$1 million payment received represents an initial part payment, with a balance or ‘top up’ payment to be made to Barton following the final processing and sale of the gold recovered from the materials.
The funds received will be directed towards ongoing large-scale exploration programmes at the company’s primary area of interest, being the Southern Hub, which hosts the Tarcoola and Tunkillia Gold Projects.
“Barton has some unique advantages relative to traditional explorers, one of which is a valuable surplus asset base,” MD, Alexander Scanlon, said.
“This sale is another opportunity for Barton to extract significant value from its assets, supplement the Company’s balance sheet, and offset the costs of our various exploration programs.
“We will continue building Resources for future development, while also mitigating future dilution. Barton shareholders can expect to see more of these initiatives undertaken in the months and years ahead.”
For further information please visit: https://bartongold.com.au/
