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BMG Resources Limited (ASX:BMG)

ALERT: Price-sensitive ASX Announcement for BMG
Current share price for BMG : $0.035 -0.003 (-7.89%)+
Announcement
Release
2 Mar 2026 9:25AM
Price at Release
$0.038
Full Release
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Summary
BMG Resources Limited has initiated a 10,000-meter drilling program aimed at expanding the gold resource at its Abercromby Gold Project in Western Australia. This effort targets the extension of the current 518,000-ounce Mineral Resource Estimate (MRE), which remains open in all directions, indicating significant potential for discovering high-grade gold lodes. The program marks the first major drilling activity since the project's MRE announcement in 2023, focusing on both depth and strike extensions of known gold lodes. Additionally, the program aims to enhance the confidence in the resource model and support the upcoming Abercromby Scoping Study planned for release in Q1 2026. Key aspects of the project include strong development criteria such as a granted mining lease, proximity to processing facilities, and the presence of free milling gold that demonstrates high recovery rates, all of which position Abercromby as a potential near-term gold producer.
Key Points
  • 10,000m drilling program commenced at Abercromby Gold Project.
  • Targeting extensions of the 518,000oz gold MRE.
  • First major drill program since 2023.
  • Plan to test strike and dip extensions of high-grade lodes.
  • Scoping Study scheduled for release in Q1 2026.
  • Abercromby positioned as a near-term gold producer.
  • Support for mine planning with high recovery rates confirmed.
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.