Barton Gold Lays Foundation for Stage 1 Expansion with Upgraded Challenger Resource

June 30, 2025 12:32 PM AEST | By Team Kalkine Media

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Barton Gold Lays Foundation for Stage 1 Expansion with Upgraded Challenger Resource — Image source: shutterstock

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Highlights

Barton Gold (BGD) updates Challenger gold resource to 223,000oz.

Resource excludes deeper zones and existing stockpiles under review.

Feasibility studies underway for Central Gawler Mill and Stage 1 operations.

Barton Gold (ASX:BGD) has unveiled a significant upgrade to the mineral resource estimate (MRE) for its Challenger gold project in South Australia. Following extensive evaluation of historical drilling and production data, the company now estimates the Challenger resource at 223,000 ounces of gold, based on 9.56 million tonnes grading 0.72 grams per tonne.

This resource update strategically positions Barton Gold as it prepares to advance toward its first phase of commercial operations, dubbed 'Stage 1'. The upgraded estimate incorporates several high-grade zones, including 81,200 ounces of gold already identified in existing ore bodies.

A Closer Look at the Resource Profile

The updated MRE consists of a range of open-pit and underground components. The main open pit contains 69,600 ounces (0.64Mt at 3.39g/t), while Challenger West contributes an additional 11,600 ounces (0.03Mt at 10.6g/t). The shallow underground zone offers 21,900 ounces (0.17Mt at 3.98g/t), and the Challenger South Southwest deposit adds 12,200 ounces (0.40Mt at 0.95g/t).

Historical tailings facilities, which contain a combined 107,000 ounces of gold across two sites, have also been included in the MRE. Notably, underground resources located below 300 metres from surface and various low-grade stockpiles remain excluded from this estimate and are currently under review for future inclusion.

Strategic Path Toward Stage 1 Operations

The company’s development strategy centres around leveraging mineralised zones near its fully permitted Central Gawler Mill. This mill represents a cost-effective, low-risk starting point for production, offering an attractive pathway toward early revenue generation.

Over the next several months, feasibility studies will determine the optimal development plan for 'Stage 1'. This will include re-modelling the deeper Challenger underground resources, cost assessments for mill recommissioning, and analysis of prospective mining zones adjacent to the mill.

The goal is to initiate 'Stage 1' operations before the end of 2026. These preparations are aimed at establishing Barton Gold as a future gold producer, with its current total gold endowment across assets sitting at 1.9 million ounces and silver at 3.1 million ounces.

Although Barton Gold is not currently a constituent of the ASX 200, its ongoing efforts and resource scale suggest an increasingly prominent presence within Australia’s mining sector.

As gold prices remain robust, Barton Gold appears well-positioned to transform updated resource estimates into a viable production venture.

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