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BMG Resources Limited ( (AU:BMG) ) has issued an update.
BMG Resources Limited has announced the advancement of its Phase 2 drilling program at the Abercromby Gold Project, following the completion of Phase 1 drilling. The company aims to expand its existing 518,000oz gold mineral resource estimate (MRE) and convert inferred resources to the indicated category. Although some delays occurred during the Christmas/New Year period, BMG has expedited processing to ensure timely assay results. The successful completion of these programs could significantly enhance the company’s resource footprint and potentially impact its market positioning.
More about BMG Resources Limited
BMG Resources Limited is a company operating in the gold mining industry, with a focus on exploration and development of gold projects. The company owns 100% of the Abercromby Gold Project located in Western Australia’s Goldfields, and it is actively working on expanding its gold resource base.
YTD Price Performance: 60.0%
Average Trading Volume: 4,382,543
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$13.41M
For detailed information about BMG stock, go to TipRanks’ Stock Analysis page.
