Barton Gold's successful application for JMEI tax credits

Barton Gold Holdings Limited (ASX: $BGD) has been advised by the Australian Taxation Office (ATO) that it has been allocated $1,488,500 in Junior Minerals Exploration Incentive (JMEI) tax credits for the 2024/25 financial year. These credits are available for distribution to eligible investors who acquire new shares issued during this period.

Barton MD Alex Scanlon expresses gratitude for the JMEI credits

We thank the ATO and the Australian Federal Government for their extensive support of Barton's work in South Australia. Barton has a considerable track record of generating non-dilutive sources of funding, now exceeding $10 million during the past three years, and Federal Government programs have been a significant contributor. Barton is presently very well capitalised with over $10 million cash and has no plans to raise any new capital, however Barton's prospective ability to distribute these JMEI credits offers considerable value to our investors.

Barton Gold's outlook and value to investors

Barton Gold Holdings Limited (ASX: $BGD) has successfully secured $1,488,500 in JMEI tax credits for the 2024/25 financial year, which are available for distribution to eligible investors who acquire new shares. The company expresses gratitude for the support received and highlights its track record of generating non-dilutive sources of funding. With over $10 million in cash and no plans to raise new capital, Barton's ability to distribute the JMEI credits offers considerable value to its investors. The outlook for Barton Gold remains positive as it continues its work in South Australia and aims to target future gold production of 150,000oz annually, with multiple advanced exploration projects and brownfield mines in its portfolio.