BMG Resources Limited (AU:BMG) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
BMG Resources Limited has successfully raised $1.5 million through a share placement to fund expansion drilling at its Abercromby Gold Project. The project, located in a promising gold mining region, currently holds a maiden Mineral Resource Estimate of 518,000 ounces of gold, with significant potential for expansion. This funding will help advance the drilling program and feasibility studies, aiming to increase the resource and explore the viability of a gold mining operation.
For further insights into AU:BMG stock, check out TipRanks’ Stock Analysis page.
