Barton Gold (BGD) Noosa Mining Investor Conference summary

Strategic focus and asset consolidation

• Focused on gold development in South Australia, leveraging the Gawler Craton's proven geology.

• Acquired all significant historical exploration and production assets, including the only gold mill in the region.

• Built a 1.6 million oz platform at Tunkillia and a 222,000 oz resource near the Central Gawler Mill.

• Leadership team with deep experience, including former Normandy Mining executives.

Operational plans and financial structure

• Stage one operations to commence within 18 months, with a mining lease application for stage two.

• Simple capital structure: 224 million shares, $150 million enterprise value, $9 million cash.

• Strong board, management, and institutional shareholder alignment.

• Internally generated $12–13 million in cash by monetizing assets.

Project development and production targets

• Tunkillia to produce 120,000 oz per annum; Central Gawler Mill resource to undergo feasibility.

• Targeting 150,000 oz per annum production by leveraging existing infrastructure and staged expansion.

• Tunkillia's development modeled after Capricorn's Karlawinda asset, following similar growth trajectory.