Barton Gold Holdings (ASX:BGD) said that an optimized scoping study results for its Tunkillia gold project in South Australia identified material efficiencies, extending the project life to around 10 years, according to a Monday Australian filing.
The project is now estimated to produce around 942,000 ounces of recovered gold and around 2 million ounces of recovered silver during a 7.8-year processing period, for average annual production of around 120,000 ounces of gold and around 250,000 ounces of silver.
The estimated study life of mine revenues are around AU$3.9 billion to AU$4.8 billion. The study includes a AU$35 million up-front capital expenditure savings, compared with the July 2024 scoping study.
The firm's shares jumped almost 8% in recent trading on Monday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.