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Wudinna Gold Project - Grant of New Tenements

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Barton Gold Holdings (OTCQB:BGDFF) has secured the grant of 'New Tenements' for its Wudinna Gold Project in South Australia. The company received approval for five Exploration Licenses (ELs 7074-7078), marking a significant milestone as a precedent-setting M&A transaction under South Australia's new regulations for tenement subdivision.

As part of the Final Settlement, four of the exploration licenses will be transferred directly to Barton, while the company will acquire gold and other rights over EL 7074. The transaction includes an $800,000 share issuance to Cobra Resources PLC, subject to Escrow and Orderly Market Agreements.

Barton Gold Holdings (OTCQB:BGDFF) ha ottenuto la concessione di "Nuove Concessioni" per il suo Progetto Oro di Wudinna in Australia Meridionale. La società ha ricevuto l'approvazione per cinque Licenze di Esplorazione (ELs 7074-7078), segnando un traguardo importante come transazione di M&A pionieristica secondo le nuove normative dell'Australia Meridionale per la suddivisione delle concessioni.

Come parte del Regolamento Finale, quattro delle licenze di esplorazione saranno trasferite direttamente a Barton, mentre la società acquisirà i diritti sull'oro e altri diritti relativi a EL 7074. La transazione prevede un emissione di azioni per 800.000 dollari a favore di Cobra Resources PLC, soggetta ad Accordi di Escrow e di Mercato Ordinato.

Barton Gold Holdings (OTCQB:BGDFF) ha asegurado la concesión de 'Nuevas Concesiones' para su Proyecto de Oro Wudinna en Australia del Sur. La empresa recibió la aprobación para cinco Licencias de Exploración (ELs 7074-7078), marcando un hito significativo como una transacción pionera de fusiones y adquisiciones bajo las nuevas regulaciones de Australia del Sur para la subdivisión de concesiones.

Como parte del Acuerdo Final, cuatro de las licencias de exploración serán transferidas directamente a Barton, mientras que la empresa adquirirá los derechos sobre oro y otros derechos sobre EL 7074. La transacción incluye una emisión de acciones por 800,000 dólares a Cobra Resources PLC, sujeta a acuerdos de depósito en garantía y de mercado ordenado.

Barton Gold Holdings (OTCQB:BGDFF)ëŠ� 남호ì£� Wudinna ê¸� 프로ì íЏë¥� 위한 'ì‹ ê·œ ê´‘ê¶Œ' 승ì¸ì� 확보했습니다. 회사ëŠ� 5ê°œì˜ íƒì‚¬ 허가ì¦�(ELs 7074-7078)ì—� 대í•� 승ì¸ì� 받았으며, ì´ëŠ” 남호ì£� ì‹ ê·œ ê´‘ê¶Œ ë¶„í•  규정ì—� 따른 선례가 ë˜ëŠ” M&A 거래ë¡� 중요í•� ì´ì •표를 세웠습니ë‹�.

최종 í•©ì˜ì� ì¼í™˜ìœ¼ë¡œ, 4ê°œì˜ íƒì‚¬ 허가ì¦ì€ Bartonì—� ì§ì ‘ ì´ì „ë˜ë©°, 회사ëŠ� EL 7074ì—� 대í•� ê¸� ë°� 기타 권리ë¥� ì·¨ë“합니ë‹�. ì´ë²ˆ 거래ì—는 ì—스í¬ë¡œ ë°� 질서 있는 시장 계약ì—� ë”°ë¼ Cobra Resources PLCì—� 80ë§� 달러 ìƒë‹¹ì� ì£¼ì‹ ë°œí–‰ì� í¬í•¨ë©ë‹ˆë‹�.

Barton Gold Holdings (OTCQB:BGDFF) a obtenu l'octroi de « Nouveaux Titres Minier » pour son projet aurifère de Wudinna en Australie-Méridionale. La société a reçu l'approbation pour cinq permis d'exploration (ELs 7074-7078), marquant une étape importante en tant que transaction pionnière de fusion-acquisition sous les nouvelles réglementations de l'Australie-Méridionale concernant la subdivision des titres miniers.

Dans le cadre du règlement final, quatre des permis d'exploration seront transférés directement à Barton, tandis que la société acquerra les droits sur l'or et autres pour EL 7074. La transaction inclut une émission d'actions d'un montant de 800 000 dollars à Cobra Resources PLC, sous réserve d'accords d'entiercement et de marché ordonné.

Barton Gold Holdings (OTCQB:BGDFF) hat die Genehmigung für "Neue Lizenzen" für sein Wudinna Goldprojekt in Südaustralien erhalten. Das Unternehmen erhielt die Zustimmung für fünf Explorationslizenzen (ELs 7074-7078), was einen bedeutenden Meilenstein als wegweisende M&A-Transaktion unter den neuen Vorschriften Südaustraliens für die Aufteilung von Lizenzen darstellt.

Im Rahmen der endgültigen Abwicklung werden vier der Explorationslizenzen direkt an Barton übertragen, während das Unternehmen die Gold- und sonstigen Rechte an EL 7074 erwirbt. Die Transaktion beinhaltet eine Aktienausgabe im Wert von 800.000 US-Dollar an Cobra Resources PLC, vorbehaltlich von Treuhand- und geordneten Marktvereinbarungen.

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HIGHLIGHTS

  • Grant of 'New Tenements' for Barton's Wudinna Gold Project; precedent-setting M&A transaction under South Australia's new regulations permitting tenement subdivision[1]

ADELAIDE, AUSTRALIA / / August 5, 2025 / Barton Gold Holdings Limited (ASX:BGD)(FRA:BGD3)(OTCQB:BGDFF) ( Barton or Company ) is pleased to announce the granting of the 'New Tenements' for its recently acquired Wudinna Gold Project (Wudinna). 1

Exploration License Applications (ELAs) 2024/00032, 2024/0033, 2024/0034, 2024/0035 and 20240036 have all now been granted as Exploration Licences (ELs) 7074, 7075, 7076, 7077 and 7078 (respectively). Pursuant to the terms of acquisition, ELAs 7075, 706, 7077 and 7078 will be transferred to Barton as part of Final Settlement, and Barton will acquire gold and other rights over EL 7074. 1 Barton and Cobra will now complete an Escrow Agreement and the Orderly Market Agreement, pursuant to which $800,000 worth of Barton shares will be issued to Cobra Resources PLC. 1

Figure 1 - Wudinna Gold Project location map on South Australia's Eyre Peninsula 1

Commenting on the New Tenements grant, Barton Managing Director Alexander Scanlon said:

"We are pleased to be expeditiously progressing this highly valuable addition to Barton's South Australian gold development platform, and thank the South Australian Government for its support in expediting this process.

"This is a precedent-setting M&A transaction under the State's new regulatory framework permitting tenement subdivisions, which we hope will serve as a model for increased investment in mining assets across the State."

[1] Refer to ASX announcement dated 2 July 2025; capitalised terms in this document have the same meaning as defined in that document

 

Authorised by the Board of Directors of Barton Gold Holdings Limited.

For further information, please contact:

Alexander Scanlon
Managing Director
[email protected]
+61 425 226 649

Jade Cook
Company Secretary
[email protected]
+61 8 9322 1587

 

About Barton Gold
Barton Gold is an ASX, OTCQB and Frankfurt Stock Exchange listed Australian gold developer targeting future gold production of 150,000ozpa with 2.1Moz Au & 3.1Moz Ag JORC Mineral Resources (78.9Mt @ 0.85 g/t Au), brownfield mines, and 100% ownership of the region's only gold mill in the renowned Gawler Craton of South Australia.*

Challenger Gold Project

  • 223koz Au + fully permitted Central Gawler Mill (CGM)

Tarcoola Gold Project

  • 20koz Au in fully permitted open pit mine near CGM

  • Tolmer discovery grades up to 84g/t Au & 17,600g/t Ag

Tunkillia Gold Project

  • 1.6Moz Au & 3.1Moz Ag JORC Mineral Resources

  • Competitive 120kozpa gold & 250kozpa silver project

Wudinna Gold Project

  • 279koz Au project located southeast of Tunkillia

  • Significant optionality, adjacent to main highway

Competent Persons Statement & Previously Reported Information
The information in this announcement that relates to the historic Exploration Results and Mineral Resources as listed in the table below is based on, and fairly represents, information and supporting documentation prepared by the Competent Person whose name appears in the same row, who is an employee of or independent consultant to the Company and is a Member or Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), Australian Institute of Geoscientists (AIG) or a Recognised Professional Organisation (RPO). Each person named in the table below has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he has undertaken to quality as a Competent Person as defined in the JORC Code 2012 (JORC).

Activity

Competent Person

Membership

Status

Tarcoola Mineral Resource (Stockpiles)

Dr Andrew Fowler (Consultant)

AusIMM

Member

Tarcoola Mineral Resource (Perseverance Mine)

Mr Ian Taylor (Consultant)

AusIMM

Fellow

Tarcoola Exploration Results (until 15 Nov 2021)

Mr Colin Skidmore (Consultant)

AIG

Member

Tarcoola Exploration Results (after 15 Nov 2021)

Mr Marc Twining (Employee)

AusIMM

Member

Tunkillia Exploration Results (until 15 Nov 2021)

Mr Colin Skidmore (Consultant)

AIG

Member

Tunkillia Exploration Results (after 15 Nov 2021)

Mr Marc Twining (Employee)

AusIMM

Member

Tunkillia Mineral Resource

Mr Ian Taylor (Consultant)

AusIMM

Fellow

Challenger Mineral Resource

Mr Ian Taylor (Consultant)

AusIMM

Fellow

Wudinna Mineral Resource (Clarke Deposit)

Ms Justine Tracey

AusIMM

Member

Wudinna Mineral Resource (all other Deposits)

Mrs Christine Standing

AusIMM / AIG

Member / Member

The information relating to historic Exploration Results and Mineral Resources in this announcement is extracted from the Company's Prospectus dated 14 May 2021 or as otherwise noted in this announcement, available from the Company's website at or on the ASX website . The Company confirms that it is not aware of any new information or data that materially affects the Exploration Results and Mineral Resource information included in previous announcements and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates, and any production targets and forecast financial information derived from the production targets, continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons' findings are presented have not been materially modified from the previous announcements.

Cautionary Statement Regarding Forward-Looking Information
This document may contain forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "expect", "target" and "intend" and statements than an event or result "may", "will", "should", "would", "could", or "might" occur or be achieved and other similar expressions. Forward-looking information is subject to business, legal and economic risks and uncertainties and other factors that could cause actual results to differ materially from those contained in forward-looking statements. Such factors include, among other things, risks relating to property interests, the global economic climate, commodity prices, sovereign and legal risks, and environmental risks. Forward-looking statements are based upon estimates and opinions at the date the statements are made. Barton undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates or to update or keep current any of the information contained herein. Any estimates or projections as to events that may occur in the future (including projections of revenue, expense, net income and performance) are based upon the best judgment of Barton from information available as of the date of this document. There is no guarantee that any of these estimates or projections will be achieved. Actual results will vary from the projections and such variations may be material. Nothing contained herein is, or shall be relied upon as, a promise or representation as to the past or future. Any reliance placed by the reader on this document, or on any forward-looking statement contained in or referred to in this document will be solely at the readers own risk, and readers are cautioned not to place undue reliance on forward-looking statements due to the inherent uncertainty thereof.

* Refer to Barton Prospectus dated 14 May 2021 and ASX announcement dated 25 July 2025. Total Barton JORC (2012) Mineral Resources include 1,049koz Au (39.7Mt @ 0.82 g/t Au) in Indicated category and 1,095koz Au (39.2Mt @ 0.87 g/t Au) in Inferred category, and 3,070koz Ag (34.5Mt @ 2.80 g/t Ag) in Inferred category as a subset of Tunkillia gold JORC (2012) Mineral Resources.

SOURCE: Barton Gold Holdings Limited

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FAQ

What new tenements did Barton Gold (BGDFF) receive for the Wudinna Gold Project?

Barton Gold received five Exploration Licenses (ELs 7074-7078), with four to be transferred directly to Barton and gold rights to be acquired for EL 7074.

How much will Barton Gold pay Cobra Resources for the Wudinna Gold Project tenements?

Barton Gold will issue $800,000 worth of shares to Cobra Resources PLC, subject to Escrow and Orderly Market Agreements.

Where is the Wudinna Gold Project located?

The Wudinna Gold Project is located on South Australia's Eyre Peninsula.

What makes the Barton Gold Wudinna tenement transaction significant?

This is a precedent-setting M&A transaction under South Australia's new regulatory framework permitting tenement subdivisions, potentially serving as a model for increased mining investment in the State.

Which exploration licenses will be transferred to Barton Gold in the Wudinna Project?

ELs 7075, 7076, 7077, and 7078 will be transferred to Barton, while the company will acquire gold and other rights over EL 7074.
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