Latest news with #MiningLease
Miami Herald
25-06-2025
- Business
- Miami Herald
Baseline Water Monitoring Program Begins at Tunkillia
Advancement of long lead work programs to support ML Application HIGHLIGHTS Recent Tunkillia OSS confirms large-scale gold project yielding $2.7bn operating cash[1]Barton accelerating key long-lead PFS and Mining Lease Application programs ADELAIDE, AUSTRALIA / ACCESS Newswire / June 24, 2025 / Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) (Barton or Company) is pleased to announce the start of baseline water monitoring programs for its South Australian Tunkillia Gold Project (Tunkillia), following the recent publication of Tunkillia's Optimised Scoping Study (OSS). The Tunkillia OSS identified a compelling large-scale operation with (at an A$5,000/oz gold price): 1 average annual production: ~120koz gold and ~250koz silveroperating free cashflow: A$2.7 billionNet Present Value (NPV 7.5% ): A$1.4 billionInternal Rate of Return (IRR): 73%Payback period: 0.8 years, andA 'Starter' pit producing ~206koz Au for A$825m operating free cash in the first 13 months Barton recently announced a $3 million equity accretive placement priced at a ~4% premium to its last traded price, and a ~25% premium to its 20 trading day volume weighted average price (VWAP).[2] The use of those funds is primarily to accelerate Reserve conversation upgrade drilling for Tunkillia's 'Starter Pit. 2 Drilling is anticipated to commence during September 2025, and complete by December 2025. The baseline water monitoring program is another key long-lead feasibility and approvals work program, with a minimum of two years' worth of baseline water data required prior to start of mining and production. The new Tunkillia water monitoring program will allow Barton to compare new baseline data with historical baseline data collected during prior analyses of the Tunkillia Gold Project. Commenting on the start of Tunkillia water monitoring, Barton MD Alexander Scanlon said: "Tunkillia's Optimised Scoping Study has confirmed a large-scale, competitive gold and silver operation with significant economies of scale offering strong financial and capital leverage to a rapidly evolving gold market. "During the balance of calendar year 2025 we will focus on key long-lead feasibility and approvals programs for Tunkillia, with the objective to submit a Mining Lease Application prior to the end of calendar year 2026. "In parallel, we will be completing our studies for 'Stage 1' operations leveraging our Central Gawler Mill, with the objective to transition to 'producer' status during 2026. This will enable us to generate free cash flows, and use these funds to advance and develop Tunkillia as our 'Stage 2' expansion project. This staged approach offers our shareholders a lower-cost, lower-risk and lower-dilution pathway to 150,000ozpa gold production." Authorised by the Managing Director of Barton Gold Holdings Limited. For further information, please contact: SOURCE: Barton Gold Holdings Limited
Miami Herald
08-05-2025
- Business
- Miami Herald
Environmental Scoping Kicks Off Tunkillia PFS & ML Programs
Scoping Report to define environmental programs for ML Application HIGHLIGHTS Recent Tunkillia OSS confirms large-scale gold project generating $2.7bn operating free cash1Barton Gold fully funded to accelerate key long-lead PFS and Mining Lease programsERIAS engaged to lead environmental assessments for future Mining Lease applications ADELAIDE, AUSTRALIA / ACCESS Newswire / May 7, 2025 / Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) (Barton or Company) is pleased to announce the acceleration of long-lead feasibility work programs for its South Australian Tunkillia Gold Project (Tunkillia) following the recent publication of Tunkillia's Optimised Scoping Study (OSS). The Tunkillia OSS has identified a compelling large-scale operation with (at an A$5,000/oz gold price):1 total payable metal: 942koz gold and ~2Moz silveravg annual production: ~120koz gold and ~250koz silveroperating free cashflow: A$2.7 billionNet Present Value (NPV7.5%): A$1.4 billionInternal Rate of Return (IRR): 73%Payback period: 0.8 yearsandA 'Starter' pit producing ~206koz Au for A$825m operating free cash in the first 13 months Barton has now engaged the ERIAS Group to prepare an environmental 'Scoping Report', which is the first step in the environmental and Mining Lease (ML) approvals process in South Australia. Once agreed with South Australia's Department for Energy and Mining (DEM), the Scoping Report will set out the agreed scope of works for Tunkillia environmental assessments which will then support a future ML application. Commenting on the appointment of ERIAS Group, Barton MD Alexander Scanlon said: "Tunkillia's new Optimised Scoping Study has confirmed a large-scale, competitive gold and silver operation with significant economies of scale offering strong financial and capital leverage to a rapidly evolving gold market. "We are accelerating Tunkillia in parallel with studies for 'Stage 1' operations leveraging our Central Gawler Mill. Our goal is to transition to 'producer' from 2026, generate cash flows, and then use these to develop Tunkillia as our 'Stage 2' expansion project for a lower-cost, lower-risk and lower-dilution pathway to 150,000ozpa gold. "We are pleased to work with ERIAS as a leading South Australian environmental and social impact advisor." 1 Refer to ASX announcement dated 5 May 2025 Authorised by the Managing Director of Barton Gold Holdings Limited. For further information, please contact: About Barton Gold Barton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000ozpa with 1.7Moz Au & 3.1Moz Ag JORC Mineral Resources (64.0Mt @ 0.83 g/t Au), brownfield mines, and 100% ownership of the region's only gold mill in the renowned Gawler Craton of South Australia.* Competent Persons Statement & Previously Reported Information The information in this announcement that relates to the historic Exploration Results and Mineral Resources as listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent Person whose name appears in the same row, who is an employee of or independent consultant to the Company and is a Member or Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), Australian Institute of Geoscientists (AIG) or a Recognised Professional Organisation (RPO). Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he has undertaken to quality as a Competent Person as defined in the JORC Code 2012 (JORC). The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company's Prospectus dated 14 May 2021 or as otherwise noted in this announcement, available from the Company's website at or on the ASX website The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets, continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the previous announcements. Cautionary Statement Regarding Forward-Looking Information This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "expect", "target" and "intend" and statements than an event or result "may", "will", "should", "would", "could", or "might" occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof. * Refer to Barton Prospectus dated 14 May 2021 and ASX announcement dated 4 March 2025. Total Barton JORC (2012) Mineral Resources include 909koz Au (30.8Mt @ 0.92 g/t Au) in Indicated category and 799koz Au (33.2Mt @ 0.75 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Resources. SOURCE: Barton Gold Holdings Limited
Business Upturn
30-04-2025
- Business
- Business Upturn
Sandur Manganese secures consent for iron ore production expansion to 4.36 MTPA
By Aditya Bhagchandani Published on April 30, 2025, 12:09 IST Shares of The Sandur Manganese & Iron Ores Ltd will be in focus after the company received regulatory clearance for expanding its mining operations. In a stock exchange filing dated April 30, 2025, the company announced that the Karnataka State Pollution Control Board (KSPCB) has granted Consent for Operation – Expansion (CFO-Expand) for its key mining leases. Under the approved expansion, the company will enhance its iron ore production from the current 3.81 million tonnes per annum (MTPA) to 4.36 MTPA under Mining Lease (ML) No. 2678. Additionally, it has received authorization to handle 0.327 million tonnes of already stocked incidental iron ore under ML No. 2679, with the condition that this is completed by August 31, 2026. The approvals were granted under the Water and Air Acts after a thorough review of the company's compliance and expansion application. The company will now present these approvals to the Monitoring Committee constituted by the Hon'ble Supreme Court and the Department of Mines and Geology for final operational clearance. These developments mark a significant step in Sandur's strategic expansion plans in Karnataka's Ballari district. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
