Exploration company Barton Gold Holdings (ASX:BGD) has reported a sale of 164.8 ounces of gold at $2,977.35 per ounce, totaling proceeds of around $490,000, to ABC Bullion.

The company says it will also process and sell an additional 10+ tonnes of gold-bearing materials recovered in December last year.

Since its June 2022 IPO, Barton says its revenue initiatives have generated more than $5M in non-dilutive cash.

Following the announcement, shares of Barton Gold Holdings were unchanged at $0.23.