Barton Gold Holdings Limited Secures $17.5 Million Capital Raise Led by Franklin Templeton

Highlights:

• Barton Gold Holdings Limited (ASX: BGD) raises $17.5 million through a placement and SPP.
• Franklin Templeton leads the raise, investing $11.25 million for a 3.8% stake.
• Funds to support commissioning of Central Gawler Mill and feasibility work at Tunkillia by 2026.

Capital Injection to Accelerate Growth Plans

Barton Gold Holdings Limited (ASX: BGD) has secured firm commitments to raise $17.5 million to advance its gold production strategy in South Australia. The funding round consists of a $15 million institutional placement led by Franklin Templeton and a $2.5 million Share Purchase Plan (SPP) for eligible shareholders at the same offer price.

At the time of writing, the placement was priced at $1.25 per share, representing a 3.8% discount to Barton’s last traded price of $1.30 and a 7.6% premium to its one-month volume-weighted average price (VWAP) of $1.16. Barton estimates that overall transaction costs for the placement and SPP will stay below 1.5% of gross proceeds.

Strengthening the Balance Sheet for Stage 1 Operations

Proceeds from the capital raise will support Barton’s Stage 1 commissioning of the Central Gawler Mill (CGM) by late 2026 and progress Definitive Feasibility Studies (DFS) on the project. Barton is also advancing drilling and feasibility programs at its Tunkillia Gold Project, expected to yield approximately AU$1.3 billion in free cash flow during the first 2.5 years of production. The company anticipates a pro-forma cash balance of $23 million after completion of the raise, strengthening its liquidity as it targets Ore Reserve upgrades and a Mining Lease application by the end of 2026.

Institutional Confidence Boosts Barton’s Transition

Managing Director Alexander Scanlon said the company is “honoured to have Franklin Templeton’s support” as it transitions from a developer to a self-funded gold producer. He added that the funding provides a “strong foundation for Barton’s re-rating as a producer at record gold prices.”

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