BMG Resources Limited (AU:BMG) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
BMG Resources Limited has commenced diamond drilling at its Abercromby Gold Project in Western Australia’s Goldfields, aiming to expand and upgrade its maiden gold resource of 518,000 oz. The drilling will focus on extending high-grade gold discoveries and converting inferred resources to indicated status, with additional drilling planned for regional targets. This initiative is part of BMG’s strategy to assess the commercial feasibility of the project, potentially leading to a robust mining operation.
For further insights into AU:BMG stock, check out TipRanks’ Stock Analysis page.