Hold onto your seats, investors. 

Barton Gold (ASX: BGD) valuation just skyrocketed, thanks to some major developments at its Tunkillia and Tarcoola gold projects in South Australia.​ 

As a matter of fact, Edison Investment Research has raised its price target for Barton Gold from $0.77 to $1.11 per share. 

This significant increase highlights the company’s impressive strides in advancing its gold projects and enhancing its shareholder value. ​

Some Aggressive Expansion Plans

At Tunkillia, Barton Gold is on an ambitious mission to produce between 125,000 and 150,000 ounces of gold annually through open-pit operations. 

Recent drilling has extended the gold mineralization, leading to an updated JORC mineral resource estimate of 1.6 million ounces of gold and 3.1 million ounces of silver. 

Plus, they’ve identified opportunities for significant energy savings, which further increases the project’s potential. 

All that Glitters May Be Gold

All that glitters is not gold; well, that doesn’t work with Barton. 

Over at Tarcoola, Barton Gold has uncovered the new Tolmer gold system and expanded gold mineralization at the Perseverance mine. 

These discoveries add substantial value to the project, with the Tolmer area also yielding high-grade silver, which has improved the project’s overall appeal. ​

Barton owns a gold mill,…

…But what’s that about?

Barton Gold’s ownership of a gold mill is a game-changer. 

This gold mill gives it a strategic advantage (on a platter of gold). It helps them in processs gold directly from its projects. 

Edison values this asset at $0.46 per share on a replacement cost basis, which covers a significant portion of the company’s current share price. ​

Looking ahead…

Barton Gold has a golden idea for the future. 

They plan to release an optimized scoping study for Tunkillia in the second quarter of 2025. 

They also want to explore more atTunkillia and Tarcoola, with uncovering even more value for shareholders in its big picture.