The All Ordinaries Index (ASX: XAO) is sliding today, but that's not holding back these two rocketing ASX gold stocks.
The outperforming gold miners in question are Turaco Gold Ltd (ASX: TCG) and Barton Gold Holdings Ltd (ASX: BGD).
Here's what's grabbing ASX investor interest.
Image source: Getty Images
ASX gold stock soars on upgraded resource estimate
Kicking off with Turaco Gold, shares in the ASX gold stock are up 4.8% in late morning trade on Monday, changing hands for 44 cents apiece. That sees the Turaco Gold share price up 131.6% since this time last year.
Investors are bidding up the gold miner's shares again today after Turaco announced an updated independent JORC Mineral Resource Estimate (MRE) of 3.55 million ounces at its Afema Project, located in Cote d'Ivoire.
The updated MRE is more than 40% above the maiden MRE Turaco Gold announced in August 2024, with all deposits remaining open. And it's at a higher gold grade.
The company also highlighted that the new MRE does not include "substantial gold mineralisation" that it recently drilled at several nearby prospects.
Commenting on the upgraded MRE sending the ASX gold stock soaring today, Turaco Gold managing director Justin Tremain said, "This 3.55Moz gold resource estimate positions the Afema Project as one of the largest undeveloped gold projects in West Africa and comes just over one year since Turaco's acquisition."
Tremain added:
We have confidence in delivering further resource growth in the short term and will continue with our multi-rig drilling program. In addition, we will now commence a PFS to demonstrate what we believe will be compelling development economics for Afema.
Which brings us to…
Barton Gold share price leaps on scoping study
The Barton Gold share price is up 7.5% at the time of writing, with shares trading for 50 cents apiece. That sees this ASX gold stock up 100% in 2025.
Investor interest looks to have been piqued today by the release of the miner's Optimised Scoping Study (OSS) results for its South Australian Tunkillia Gold Project.
The OSS identified "material efficiencies" to extend Tunkillia to a roughly 10-year project life (including construction time). That's up from around eight years estimated in Barton Gold's July 2024 Initial Scoping Study.
Up front capital expenditure for the project is forecast to come down by $35 million, with the OSS also identifying an approximate 13% increase in payable gold.
Commenting on the OSS results sending the ASX gold stock surging today, Barton managing director Alex Scanlon said, "The OSS has delivered material gains as anticipated, following review of the Tunkillia ISS's conservative assumptions."
Scanlon added:
The energy savings from three stage crushing and lower work indices, combined with higher oxide recoveries and gold prices, demonstrate the financial and capital leverage available to large-scale processing of bulk open pit materials.
The higher-grade 'Starter Pit' alone could pay back over two times the up-front capital costs within the first 13 months.
