Tunkillia Upgrade Drilling - 18,900m Phase 1 Complete

Core Insights - Barton Gold Holdings Limited has successfully completed upgrade drilling for the S1 and S2 pits at the Tunkillia Gold Project ahead of schedule and under budget [1] - The S1 'Starter Pit' is projected to yield 206,000 ounces of gold at a cost of A$997 per ounce, generating over A$800 million in operating cash during the first year of operations [1] Drilling Performance - A total of 18,893 meters were drilled across 209 holes in 62 days, achieving over 300 meters drilled per day [1] - The drilling was completed ahead of the planned timeline and under the allocated budget [1] Financial Projections - The S1 pit is expected to produce significant cash flow, with the potential to repay development costs two times over in the first year [1]