Barton Gold (ASX: $BGD) Gold Sale Confirmation

Barton Gold Holdings Limited (ASX: $BGD) has confirmed the sale of approximately 1,400 ounces of gold recovered from its December 2022 mill cleanout and preservation program. The provisional payment of 90% received amounts to USD $2.82 million (AUD $4.25 million).

Barton Managing Director's Statement on Gold Sale

We are very excited to announce this gold sale, which has been achieved on extremely competitive terms. This outcome reflects both a great deal of hard work by our management team, and its broader commercial skill. This is also an excellent result for our shareholders. Barton continues to differentiate itself not only via the cost-efficient advancement of its development projects, but also a growing track record of asset monetization. Since our June 2021 IPO, these efforts have generated over A$10 million in non-dilutive cash (net of costs) for Barton, the proceeds of which have to-date covered 100% of our corporate costs and reinforced our treasury position.

Barton Gold Sale Summary and Outlook

Barton Gold Holdings Limited (ASX: $BGD) has confirmed the sale of approximately 1,400 ounces of gold, with a provisional payment of USD $2.82 million (AUD $4.25 million). The company's Managing Director, Alex Scanlon, expressed excitement over the competitive terms of the sale and highlighted the positive impact on shareholders. Barton's efforts in asset monetization have generated over A$10 million in non-dilutive cash since its June 2021 IPO, covering 100% of corporate costs and reinforcing the company's treasury position. The company's future outlook appears promising as it continues to focus on cost-efficient advancement of development projects and asset monetization.