Friday, 14 May, 2021 - 14:00
Barton seeks $15m in gold IPO rush
Three Western Australian gold explorers have launched IPOs this past week, with the biggest raising headed by Subiaco-based Barton Gold.
Alexander Scanlon is a financial economist with more than 15 years of experience in financial analysis, consulting, structured finance and mining advisory, investment and management.
Mr Scanlon was the managing director of PARQ Capital Management for over 4 years, and director of Lusona Capital where he focused on corporate advisory and principal investments within the natural resources sector.
Mr Scanlon holds a Bachelor of Science in Finance & Economics (both with Honours) from the Santa Clara University, a Master of Science in Financial Economics from the University of Oxford, and a Master of Philosophy in Management from the University of Cambridge.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
737th | Victoria Park Central">Victoria Park Central | 6.23% | 7.62% |
738th | Steadfast Group">Steadfast Group | 6.1% | 13.37% |
739th | Barton Gold">Barton Gold | 6% | 0% |
740th | Raiz Invest">Raiz Invest | 5.95% | -12.55% |
741st | Murray Cod Australia">Murray Cod Australia | 5.89% | -0.23% |
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Three Western Australian gold explorers have launched IPOs this past week, with the biggest raising headed by Subiaco-based Barton Gold.
Barton Gold has had a slow start to its first day of trading, with its shares down 12 per cent as the explorer gets ready to drill targets in South Australia.
A day after confirming its intention to acquire Linden Gold Alliance, Brightstar Resources has announced it will raise $12 million, primarily to develop its Menzies and Laverton gold projects.
Barton Gold’s re-appraisal of the Tarcoola goldfield in SA is pulling back the veil surrounding the historical mining centre with recent magnetic and 2D seismic studies revealing that the Perseverance deposit may just be the tip of the iceberg. According to the company, the re-interpretation of old geophysical data points to the possibility of multiple repetitions of the lucrative Perseverance pit along a 14km mineralised gold trend.
All eyes will be on Gawler Craton-focused aspiring gold developer, Barton Gold, next month as the results from its 5,328m phase one drill program around and below the old Perseverance open pit at its Tarcoola project in South Australia start to roll in. The program involved 37 RC holes that targeted along strike and depth extensions of the pit.
Aspiring gold developer Barton Gold has started the ball rolling on evaluating its unexploited 558,000-ounce Tunkillia gold project in the Gawler Craton region in South Australia. The company is looking to formulate a future development plan beyond an early production pathway at its historic Tarcoola gold mine.
Barton Gold has added to its management credentials with the key appointment of an experienced corporate executive as the Gawler Craton gold hopeful gears up for a possible IPO next year. Shannon Coates joins the Perth-based gold junior as Company Secretary with more than 25 years of experience under her belt in corporate law and compliance services to publicly listed companies across multiple jurisdictions.
Unlisted Gawler Craton gold explorer, Barton Gold, has further strengthened its board of directors with the appointment of experienced corporate lawyer, Christian Paech, as it looks to significantly expand the global resource inventory at its historic Tarcoola and Tunkillia gold projects ahead of a planned ASX listing. Paech was most recently the General Counsel and Company Secretary at oil and gas giant Santos.
Unlisted Barton Gold has confirmed the high-grade gold prospectivity of its Deliverance target below the historical Perseverance pit, with fresh ‘ounce-to-the-tonne’ drill results from its Tarcoola Phase 1 campaign. The best hit at its developing South Australian project was 3m going 33.7 g/t gold from 220m downhole, including 2m at a stellar 49.6 g/t gold.
Barton Gold is striking up the banjos as deep drilling of its ‘Deliverance’ target continues to return auriferous results. The company’s drilling program below its Perseverance open pit at Tarcoola is rapidly outlining a large mineralised system, that not only remains open along strike but also seemingly continues to a significant depth.
Entering the final stretch ahead of its much-anticipated ASX listing, Barton Gold is shaping up as a serious player on Australia’s gold exploration scene. The company has lifted the lid on a 73 per cent resource upgrade at Tunkillia and seems destined to join the million-ounce club, unveiling a massive 965,000-ounce resource at the project.
Barton Gold has locked away a permit-wide heritage agreement allowing the company to chase after gold in its ‘game-changing’ channel prospect, covering a 3.5-kilometre strike length of the Tarcoola Ranges in SA. The mega-rich Gawler Craton mineral field contains numerous geological, geophysical and geochemical targets with multiple historical, high-grade gold workings including Barton’s own Perseverance open pit.
Barton Gold has upped the ante in South Australia as it charges towards a listing on the ASX, this week appointing both brokers and advisors to oversee its Initial Public Offering. The company is also moving its gold focused exploration program across the Gawler Craton into high gear, working across its three project areas in SA and expanding its resource inventory as it tightens up development plans for 2021.
Barton Gold is planning a rapid return to drilling at Tarcoola in South Australia with recent exploration delivering a bounty of high-grade intercepts begging to be followed up. The company’s ongoing drilling program has begun to delineate the western extensions of the Perseverance orebody, whilst drilling below the open pit has been returning intervals grading at more than an ounce per tonne gold.
Unlisted South Australian gold explorer, Barton Gold has easily raised $2.4 million in a private placement of convertible notes for working capital and corporate costs as it readies for a follow-up drilling program at its flagship Tarcoola gold project in SA’s revered Gawler Craton.
Hot on the heels of a successful $2.4 million capital raise, unlisted Barton Gold has moved to further strengthen its leadership group as the gold explorer gears up for follow-up drilling at its historic Tarcoola gold project in the Gawler Craton, South Australia, and a possible IPO this year.
Barton Gold has landed a major concession by the South Australian government with the Tunkillia gold project being granted “new mine” status. New mine status will reduce the effective royalty rate payable to the government on any gold production from 3.5 per cent to 2 per cent, potentially delivering a multi-million dollar saving to the company and an additional incentive to expedite a move to production.
Barton Gold has executed two Native Title Mining Agreements with the Gawler Ranges Aboriginal Corporation RNTB. The most important of the agreements involves three exploration tenements covering the entirety of the Tunkillia project. A second agreement was inked to cover a small portion of one lease over the Tarcoola project area 70km north of the 965,000-ounce Tunkillia gold deposit.
Barton Gold has pushed the button on its ASX listing, opening up its initial public offering to raise a minimum of $10 million for exploration in South Australia’s Gawler Craton region. An enviable package of gold projects includes the burgeoning Tunkillia deposits, which now boast close to one million ounces in resources positioning the discovery as SA largest undeveloped gold project.
ASX-bound Barton Gold is set to close the door early on its initial public offering after receiving more than enough subscriptions to fill the $15 million capital raising. The company says the offer gained strong support from both Australian and overseas institutional investors and got a very warm response from the Australian retail sector.
Gold explorer Barton Gold has successfully raked in $15 million in a “significantly oversubscribed” IPO as it prepares to list its shares on the Australian Securities Exchange later this month. The company says the capital raise will now be closing on Monday, four days ahead of the prospectus deadline.
South Australia gold explorer, Barton Gold is set to list its shares on the Australian Securities Exchange in a fortnight after receiving conditional ASX admission approval. It follows hot on the heels of the company’s recently oversubscribed IPO that closed early and gave the company a $15 million war chest to unleash in SA’s Gawler Craton.
Barton Gold has hit the boards this morning, listing on the Australian Securities Exchange after closing its initial public offering early. The successful IPO has delivered more than $15 million into the aspiring miner’s coffers to fuel an accelerated exploration and development program across its strategic ground holdings in South Australia’s famed Gawler Craton.
Barton Gold has started a new geophysics program at its Tarcoola gold project in SA as it looks to hone the recently interpreted regional structural model for the brownfields project. The company says the ground penetrating radar survey will be aimed at priority targets identified last year as favourable for potential repeats of the mineralisation and auriferous structures at the nearby former high-grade Perseverance gold mine.
Barton Gold has launched a “phase two” drilling campaign at its brownfields Tarcoola gold project in SA designed to follow up on a string of earlier high-grade gold hits. The company says last year’s RC drilling at Tarcoola encountered multiple southern and down-dip extensions of the Deliverance target beneath the former Perseverance mine and also led to the discovery of the shallower Perseverance West gold zone.
Barton Gold has landed a $300,000 grant from the South Australian government to ramp up exploration at the company’s Tarcoola gold project. The funding further validates Barton’s strategic position in the Gawler craton where the state government is looking to reinvigorate exploration across the fertile mineral terrane. The company says the funding will be used to expedite additional geophysical surveying and drilling.
Barton Gold has put the latest phase of development work at its Tarcoola project to bed, with exploration work across the South Australian gold target including reverse circulation drilling and ground penetrating radar now wrapped up. The work program is partially funded by a grant from the South Australian government and paves the way for an accelerated development program across the historical goldfield in the months ahead.
Barton Gold is all set to hit the go-button on a first phase of drilling at its Tunkillia gold project in SA after its requisite environment protection and rehabilitation plan was approved by the state’s mining department. The phase-one program will comprise about 6,000m of RC drilling as the company looks to continue broadening its geological knowledge of the project’s fertile terrane in the Gawler Craton region.
ASX-listed Barton Gold is continuing its aggressive exploration approach at its 100 per cent owned Tarcoola and Tunkillia gold projects in the South Australia’s revered Gawler Craton. With the South Australian government contributing up to $300,000 courtesy of its “Accelerated Discovery” initiative, the company has commenced a high-resolution gravity survey designed to refine its new regional structural model and optimise future drill targeting.
Barton Gold is eyeing the possibility of significant new discoveries, having identified a collection of shallow targets with its government co-funded ground penetrating radar survey over the Tarcoola Gold Project on the Gawler Craton in South Australia. The work is part of a systematic geophysical and drilling program with more refined target selection and follow-up drilling expected in coming months.
Barton Gold is collaborating with the CSIRO to trial innovative ore detection in the field where geochemical sample analysis will be completed within eight hours. The technology, if proved successful will dramatically reduce reliance on turnaround times for laboratory assays results which can take anywhere up to 12 weeks. Barton’s government co-funded radar survey has recently identified a collection of shallow targets at its Tarcoola Gold Project in SA.
Barton Gold has teased out more gold around the northern edges of the Perseverance pit floor at the Tarcoola gold project in South Australia. The strikes continue a run of success for Barton following the gold zone discovered at Perseverance West last year. Notable shallow drill hits were recorded including 1m grading 2.51 g/t gold from 26m and 1m grading 7 g/t gold from 37m.
Barton Gold has revealed more stunning gold intercepts from its final 29 holes of the last drilling program at the Tarcoola gold project in the central Gawler Craton of SA including 5m at 48.9 g/t gold. The hits continue a run of success following the recent gold discoveries around the northern edges of the Perseverance pit and the gold zone discovered at Perseverance West last year.
Barton Gold has discovered a new 800m long gold lode at its Tunkillia gold project in South Australia. First assay results from the phase 1 drilling program have confirmed a significant shallow gold zone located approximately 500m northwest of the main 223 deposit. The new 223 North discovery extends the total mineralised strike at Tunkillia by around 30 per cent to 3.3km.
Barton Gold has discovered a 650 metre long shallow gold zone at its Tunkillia project in South Australia just three kilometres northeast of its 223 deposit that hosts a formidable 965,000 ounce gold resource. The newly coined “Area 191” prospect gave up a bundle of shallow hits in recent drilling including 3m going 3.45 grams per tonne gold from 55m and 1m grading 69.6 g/t gold from 68m.
ASX-listed gold explorer Barton Gold has wound up its maiden Phase 1 drilling program at its Tunkillia gold project in South Australia. Results have defined a high-grade shallow core at the 223 deposit, highlighting a potential development opportunity as a higher grade starter pit. Drilling has coughed up a slew of significant intercepts including 12m going 2.7 g/t from 101 metres.
Barton Gold has completed a first phase trial of next-generation portable exploration technology developed by the CSIRO at the company’s Tarcoola gold project in SA. The revolutionary new technology returns gold values in the field in as little as 8 hours versus several weeks for conventional laboratory-based assays. The trial is co-funded by the SA Government, who kicked in an extra $100,000 under its Accelerated Discovery Initiative.
ASX-listed Barton Gold has plenty of drill targets to go after in South Australia’s Gawler Craton after processing of gravity survey data has confirmed previously identified priority structural targets. The findings have corroborated the explorer’s geological understanding of the Tarcoola project and will assist in refining its targets for an upcoming drilling campaign.
Gold explorer Barton Gold and ASX-listed SensOre have inked a term sheet to form a strategic research and development partnership focused on the Gawler Craton. The deal will see SensOre serve up targets to the explorer using its AI technology to then be validated by the drill. The mineral targeting company stands to benefit in the form of royalties for any gold or copper produced.
Regulatory approval for its Tarcoola gold project has Barton Gold fast-tracking towards its upcoming drilling programs in South Australia’s Gawler Craton. The company will be testing targets generated in recently completed gravity surveys, including a large-scale anomaly that sits beneath the existing open pit that, in 2018 yielded a 1m hit grading an astonishing 607.75 g/t gold from 17m within a larger 11m going 73.31 g/t from a shallow 11m.
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