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BMG Resources Limited (ASX:BMG)

ALERT: Price-sensitive ASX Announcement for BMG
Current share price for BMG : $0.035 0.011 (45.83%)+
Announcement
Release
3 Feb 2026 9:51AM
Price at Release
$0.024
Full Release
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Summary
BMG Resources Limited announced an upsized drill program with a strategic investment from Tribeca Investment Partners to raise $2,500,000 at $0.021 per share. The funds will support a 10,000m drill program at the Abercromby Project to expand the Mineral Resource Estimate (MRE) and further exploration at the Bullabulling Project. The company also plans a scoping study for a low-capex mining proposal at Abercromby, expected in Q1 2026. Ben Pollard has been appointed as CEO to lead these initiatives.
Key Points
  • BMG Resources raises $2,500,000 with Tribeca Investment Partners.
  • Funds to support a 10,000m drill program at Abercromby and exploration at Bullabulling.
  • Scoping study for Abercromby mining proposal to be completed in Q1 2026.
  • Ben Pollard appointed as CEO of BMG Resources.
  • The Abercromby Project has a maiden MRE of 11.12Mt @ 1.45 g/t Au for 518,000oz Au.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.