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BMG Resources Limited (ASX:BMG)

ALERT: Price-sensitive ASX Announcement for BMG
Current share price for BMG : $0.035 -0.006 (-14.63%)+
Announcement
Release
11 Feb 2026 9:36AM
Price at Release
$0.041
Full Release
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Summary
BMG Resources Limited announced a major 10,000-meter diamond drilling program at its 100%-owned Abercromby Gold Project in Western Australia. The program aims to expand and upgrade the existing 518,000-ounce gold Mineral Resource Estimate (MRE) by targeting extensions of high-grade lodes within the Capital Deposit. The Capital deposit remains open at depth and along strike. The drilling will be conducted by DDH1, with operations expected to start in late February 2026. The results will contribute to ongoing mine planning activities, aiming to boost resource confidence and explore growth potential. Additionally, a scoping study assessing open-pit and underground mining scenarios is being finalized and scheduled for release within the current quarter.
Key Points
  • 10,000-meter diamond drilling campaign at Abercromby.
  • Focus on expanding and upgrading the 518,000 oz Au Mineral Resource.
  • Targeting strike and down dip extensions of high-grade lodes.
  • Previous intercepts include high-grade gold lodes.
  • Drilling contractor DDH1 re-engaged for continuity.
  • Drilling results to support mine planning and resource confidence.
  • Scoping study on open-pit and underground scenarios to be released soon.
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.