Barton’s resolution for growth without dilution

In less than three years from listing on the Australian Securities Exchange (ASX) Barton Gold (ASX:BGD) has been able to grow without diluting its share register.

In a wide-ranging interview, Barton Gold Managing Director and Chief Executive Officer Alexander Scanlon tells Mining.com.au the company stands apart from the myriad of other gold explorers with a focus on long-term value.

Scanlon says Barton’s active and proactive strategy is centred on scale, costs, and revenue optimisation.

Barton stands out amongst its gold peers in many ways, Scanlon says, not least of which is owning the only regional, fully licensed processing mill in the Gawler Craton of South Australia.

“If we look out across the markets, the vast majority of companies that we monitor who have been doing dramatically less work than us have been raising more money more frequently at large discounts, and sometimes their shareholders might only own 30% or 40% of that company without any real benefit or progress. So that’s a really important part of our DNA and our strategy.”

Recently, the $49.14 million market capitalisation company posted the highest grade gold intercept to date at 3.83m at 68 grams per tonne of gold from 104.1m at its Tunkillia Project in South Australia, as reported by this news service.

This highest grade intercept to date followed the validation of a zone of ‘broad’, coherent gold mineralisation for potential JORC modelling at the Area 51 deposit, as part of Tunkillia.

Barton Gold is an ASX, OTCQB, and Frankfurt Stock Exchange-listed gold explorer with a pipeline of advanced exploration projects in South Australia. 

The company has a total attributable 1.5 million ounce gold JORC mineral resources endowment, a pipeline of advanced exploration projects and brownfield mines, and 100% ownership of the only regional gold mill in the central Gawler Craton. 

As of December 2023, Barton Gold had $4.617 million cash and cash equivalents at hand, according to its latest quarterly report.

Write to Adam Drought at Mining.com.au

Images: Barton Gold
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.