BMG Resources Limited (ASX:BMG)

BMG Resources Limited announced the commencement of a diamond drilling program at the Abercromby Gold Project in Western Australia. The program's aim is to expand the current Mineral Resource Estimate of 518,000 ounces of gold, which remains open at depth and along strike. The project has completed reverse circulation pre-collars for Phase 1, with diamond drilling now underway to achieve depths between 275m and 500m. Initial results from this drilling are expected within 4-5 weeks. The Capital Deposit is identified as a structurally-controlled gold system, with higher grades observed at depth. The project is well-positioned for near-term production, supported by a granted Mining Lease and proximity to processing facilities. BMG is finalizing a Scoping Study to assess mining operation economics, focusing primarily on indicated resources. A shareholder meeting is scheduled to consider a name change to 'WA Gold Limited', reflecting the focus on Western Australian gold assets.