'Stage 1' Resources at Central Gawler Mill Pass 300koz Au

Company Update - Barton Gold Holdings Limited has announced an updated Mineral Resource Estimate (MRE) for its Challenger Gold Project, confirming over 300,000 ounces of gold adjacent to the Central Gawler Mill, which positions the company for a multi-year 'Stage 1' operation [2][4][9] - The Challenger JORC (2012) MRE now totals 313,000 ounces of gold, with significant portions located in existing open pit and underground mines, allowing for low-cost access and production [6][8] - The company is targeting operations by the end of 2026, moving directly to definitive feasibility studies for a two-phase, de-risked development approach [5][7] Financial and Operational Highlights - The preliminary estimate for the full reinstatement of the Central Gawler Mill is approximately A$26 million, with a potential production capacity of 600,000 tonnes per annum [6] - The initial phase will focus on high-grade tailings reprocessing, followed by the restart of fresh rock operations in the second phase [6] - The company aims to achieve future gold production of 150,000 ounces per annum, supported by a total of 2.2 million ounces of gold and 3.1 million ounces of silver in JORC Mineral Resources [8]