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ASX: BGDBarton Gold Holdings LimitedMaterials

Barton Gold Starts Challenger Underground Scoping Study

Barton Gold has started a Scoping Study on Challenger underground feed for the Central Gawler Mill, after underground Resources more than doubled to 230koz.

By Digifin Pty Ltd · About this coverage

Key Points

  • Challenger underground Resources of 230koz @ 3.65 g/t Au, per the 28 October 2026 estimate
  • SRK Consulting appointed to lead the Scoping Study, having completed significant preliminary modelling
  • Underground above 215mRL totals 207koz, of which 190koz is Inferred
  • Central Gawler Mill fully permitted and assessed as suitable for refurbishment, per Barton
  • DFS under way to evaluate a potential Central Gawler Mill restart
Barton Gold Holdings Limited (ASX:BGD)

About Barton Gold (ASX:BGD)

Barton Gold Holdings Limited is an ASX-listed gold development company headquartered in Adelaide. It holds gold and silver projects in South Australia, including the Challenger, Tarcoola and Wudinna projects, and owns the Central Gawler Mill.

Barton Gold (ASX:BGD) started a Scoping Study into underground mine feed from its Challenger Gold Project in South Australia to the Central Gawler Mill, following an October 2026 Mineral Resource update that more than doubled the underground inventory to 230koz @ 3.65 g/t Au.

SRK Consulting (Australasia) Pty Ltd, which is already involved in the ongoing Definitive Feasibility Study (DFS), has been appointed to lead the Scoping Study, which will evaluate feeding underground Resources to a recommissioned Central Gawler Mill (CGM). Barton says the CGM is fully permitted and has been assessed as suitable for refurbishment, and that almost all underground Resources are on or adjacent to existing development. In the October 2026 estimate, Challenger Underground (above 215mRL) is 207koz, of which 190koz is Inferred, and Challenger Deeps (below 90mRL) is 23koz Inferred. The Challenger total is 11.2Mt @ 1.03g/t Au for 370koz, of which 222koz is Inferred. Barton says preliminary modelling indicates potential to bring additional mineralisation that is not yet JORC classified into a future estimate or mine plan through further drilling. A DFS is under way to evaluate a potential CGM restart, targeting an initial 3 - 4 year Stage 1 operation using historical higher-grade tailings from tailings storage facility 1 and limited near-surface material.

The release does not give a completion date, cost or production target for the Scoping Study. No decision has been taken to restart the CGM or to mine the underground.

Back to all ASX Company News

Source: Barton Gold Holdings Limited (ASX:BGD), 4 November 2026. Summary content supplied by Digifin Pty Ltd.

News summary only, not financial advice. It does not consider your objectives, financial situation or needs.

Wednesday, 4 November 2026

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