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Barton Gold Advances Wudinna Gold Project Acquisition with Strong Shareholder Support

Jul 08, 2025

Barton Gold Holdings Limited (ASX: BGD) has announced progress on its planned acquisition of the Wudinna Gold Project from Cobra Resources PLC. A general meeting for Cobra shareholders is scheduled for 24 July 2025 to approve the deal. Notably, as of 4 July, Cobra’s board and several key shareholders—together holding 39.38% of shares—have committed to support the transaction.

As part of the agreement, Barton has already made a non-refundable upfront payment of AU$50,000. If approved, the acquisitio

n will proceed, granting Barton full rights to Wudinna. The total consideration includes AU$500,000 in cash and AU$5 million in Barton shares—specifically, 1,025,619 shares for AU$800,000 and 5,384,501 shares for AU$4.2 million. Managing Director Alexander Scanlon said the acquisition complements Barton’s strategic focus in South Australia’s Gawler Craton region and positions the company for future production growth, with Cobra joining Barton’s shareholder register upon completion.

 

 

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