South Australian gold miner Barton Gold (ASX: BGD) (OTCQB: BGDFF) is confident it is well-positioned to take significant steps in 2025 to bring its Tunkillia and Tarcoola projects closer to commercialisation.

Non-executive chair Ken Williams told the company’s AGM today that Barton is set to build on what has been a highly successful 2024, with the company further consolidating its two key assets.

“The 2024 financial year was our third full year as a public company and one during which Barton, ably supported by our highly competent drilling partners and our many technical service providers, has taken major strides towards its large-scale development ambitions,” Mr Williams told the audience.

Tunkillia resource update

Highlights of the year to date include increasing Tunkillia’s JORC mineral resources to 1.5 million ounces of gold and publishing a new 3D structural targeting model for the historical Tarcoola goldfield.

The company is particularly well-placed financially to take the next steps at the two projects after completing a strongly supported institutional placement and share purchase plan that raised $5.25 million and obtaining $4.25m in sales of approximately 1,400oz of gold recovered from a clean-up and refurbishment of the company’s Central Gawler Mill.

Alongside its corporate successes, Barton’s year also included significant exploration and operational achievements.

High-grade Tarcoola zones

The company successfully confirmed additional high-grade gold zones in the Tarcoola project’s open-pit Perseverance mine and started a new growth drilling program targeting the extension of the Tunkillia gold project.

The discovery of a new gold zone at Tolmer was another major highlight.

Mr Williams said that Barton expects to further grow JORC resources and publish an optimised scoping study for Tunkillia before year-end, as the company increasingly shifts its focus towards staged commercialisation leveraging the existing fully permitted Central Gawler Mill.

“In summary, we are well-capitalised, pursuing our objectives efficiently and at pace and building momentum as we pursue the next stage of Barton’s evolution.”