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BMG Resources Limited (ASX:BMG)

ALERT: Price-sensitive ASX Announcement for BMG
Current share price for BMG : $0.035 -0.007 (-16.67%)+
Announcement
Release
23 Feb 2026 10:10AM
Price at Release
$0.042
Full Release
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Summary
BMG Resources Limited has appointed Gareth McArthur as General Manager for Project Development, enhancing their strategic capabilities for the Abercromby Gold Project in Western Australia. McArthur, a seasoned mining executive with 25 years of experience, including senior roles at Rio Tinto, will oversee various workstreams to move the project into development and production. The Abercromby project, with a maiden Mineral Resource Estimate (MRE) of 518,000 oz of gold, is poised for advancement with a new drill campaign and scoping study. BMG has also issued 10 million Performance Rights to McArthur, tied to specific project milestones.
Key Points
  • Gareth McArthur appointed as General Manager, Project Development for Abercromby Gold Project.
  • McArthur has 25 years of mining experience, previously worked with Rio Tinto.
  • BMG Resources is advancing the Abercromby project with a 518,000 oz maiden MRE.
  • A new 10,000m diamond drilling campaign is commencing to upgrade the resource.
  • Scoping study to assess open pit and underground mining scenarios is due in Q1 CY2026.
  • BMG has signed an MoU with Wiluna Mining for potential processing at Matilda CIL plant.
  • 10 million Performance Rights issued to McArthur, contingent on project milestones.
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.