Core Insights - The Optimised Scoping Study (OSS) for the Tunkillia development project indicates strong potential with annual production estimated at approximately 120,000 ounces of gold and 250,000 ounces of silver [1] - The total Life of Mine (LoM) operating cash flow is projected to be around A$2.7 billion (unlevered, pre-tax) [1] - The Net Present Value (NPV) at a 7.5% discount rate is estimated at approximately A$1.4 billion (unlevered, pre-tax) [1] - The Internal Rate of Return (IRR) is projected at about 73.2% (unlevered, pre-tax) with a payback period of roughly 0.8 years (unlevered, pre-tax) [1] Production and Financial Metrics - The company is advancing towards a Mining Lease (ML) application, with current gold and silver prices exceeding A$2,000/oz and A$60/oz respectively, which are higher than the prices used in OSS revenue estimates [1] - The 'Phase 1' reverse circulation (RC) drilling has completed 18,900 meters, enhancing resource estimates in high-value S1/S2 pit areas with significant high-grade intersections [1] - A 'Phase 2' RC upgrade drilling program is currently underway, targeting an additional 30,000 meters to support JORC (2012) Mineral Resource upgrades and Ore Reserves, as well as a pre-feasibility study (PFS) and ML application by the end of 2026 [1] Company Engagement - Barton Gold Holdings Limited (ASX:BGD)(OTCQB:BGDFF)(FRA:BGD3) has initiated the 'Phase 2' JORC (2012) Mineral Resource upgrade drilling at the Tunkillia Gold Project in South Australia [1] - Strike Drilling has been contracted to execute the 30,000-meter drilling program [1]