Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Greg Hancock was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Greg Hancock was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Feb 03
BMG Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million. BMG Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 73,500,000
Price\Range: AUD 0.021
Discount Per Security: AUD 0.00126
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 45,547,619
Price\Range: AUD 0.021
Discount Per Security: AUD 0.00126
Transaction Features: Subsequent Direct Listing Board Change • Dec 24
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Greg Hancock was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Dec 03
BMG Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million. BMG Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 2.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 147,058,823
Price\Range: AUD 0.017
Discount Per Security: AUD 0.00102
Transaction Features: Subsequent Direct Listing Annonce • Oct 28
BMG Resources Limited, Annual General Meeting, Nov 26, 2025 BMG Resources Limited, Annual General Meeting, Nov 26, 2025. Location: at the karingal ballroom (karingal 1), level 1, the melbourne hotel, 33 milligan street, perth, wa, 6000 Australia Board Change • Aug 18
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Independent Non-Executive Director Greg Hancock was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Aug 06
BMG Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.6 million. BMG Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.6 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 75,000,000
Price\Range: AUD 0.008
Discount Per Security: AUD 0.00048
Transaction Features: Subsequent Direct Listing Board Change • Dec 31
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Greg Hancock was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Annonce • Dec 31
BMG Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. BMG Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 76,000,000
Price\Range: AUD 0.01
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,000,000
Price\Range: AUD 0.01
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 61,000,000
Price\Range: AUD 0.01
Transaction Features: Subsequent Direct Listing Annonce • Nov 05
BMG Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million. BMG Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 76,000,000
Price\Range: AUD 0.01
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,000,000
Price\Range: AUD 0.01
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 61,000,000
Price\Range: AUD 0.01
Transaction Features: Subsequent Direct Listing Annonce • Oct 26
BMG Resources Limited, Annual General Meeting, Nov 26, 2024 BMG Resources Limited, Annual General Meeting, Nov 26, 2024. Location: the karingal ballroom (karingal 1), level 1, the melbourne hotel, 33 milligan street, perth, wa, 6000 Australia New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$6.84m market cap, or US$4.74m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (7.9% increase in shares outstanding). New Risk • Jul 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$5.47m market cap, or US$3.69m). Minor Risk Shareholders have been diluted in the past year (8.4% increase in shares outstanding). Annonce • Jun 25
BMG Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5 million. BMG Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.01
Transaction Features: Subsequent Direct Listing Annonce • Jun 18
BMG Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million. BMG Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 50,000,000
Price\Range: AUD 0.01
Transaction Features: Subsequent Direct Listing Annonce • Jan 16
BMG Resources Limited Announces Executive Changes BMG Resources Limited announced the following Board and Management changes, with effect from 16 January 2024: Non-executive Director John Prineas assumes the role of Non-executive Chairman. Non-executive Chairman Greg Hancock transfers to the role of independent Non-executive Director. John Prineas is a senior resource industry executive and has been a Non-executive Director of BMG since October 2020. He is BMG's largest shareholder with a stake of approximately 9.8%. Mr. Prineas is also the founder and Executive Chairman of St George Mining Limited and founder and a Non-executive Director of American West Metals Limited. Complementing his experience with ASX-listed companies, Mr. Prineas held senior roles in the banking and legal sectors including the role of Country Head Australia for Dresdner Bank AG (now Commerzbank AG) with a focus on project and acquisition finance for resources and infrastructure projects. He has worked on funding arrangements and growth strategies for mining companies ranging from global majors to junior explorers. Mr. Prineas holds a Bachelor of Economics and Bachelor of Laws from the University of Sydney and is a Fellow of the Financial Services Institute of Australasia. Until the appointment of a new Managing Director or CEO, Mr. Prineas will assume day-to-day responsibilities for BMG matters. Annonce • Sep 29
BMG Resources Limited, Annual General Meeting, Nov 21, 2023 BMG Resources Limited, Annual General Meeting, Nov 21, 2023. Location: Level 14, 225 St Georges Terrace Perth Western Australia Australia Agenda: to consider the election of Directors. Board Change • Sep 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director John Prineas was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jun 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 60% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.0m free cash flow). Share price has been highly volatile over the past 3 months (80% average weekly change). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (60% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.01m market cap, or US$5.50m). Annonce • Jun 15
BMG Resources Limited (ASX:BMG) agreed to acquire Bullabulling Project in Coolgardie Region for AUD 0.44 million. BMG Resources Limited (ASX:BMG) agreed to acquire Bullabulling Project in Coolgardie Region for AUD 0.44 million on June 15, 2023. Under the terms, AUD 0.2 million shall be paid in cash along with issuance of 15 million BMG shares at completion. The vendors will hold the consideration shares in voluntary escrow for a period of 12 months. The transaction is expected to be finalized in the next week. New Risk • Jun 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 76% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$5.0m free cash flow). Share price has been highly volatile over the past 3 months (30% average weekly change). Earnings have declined by 21% per year over the past 5 years. Shareholders have been substantially diluted in the past year (76% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$8.46m market cap, or US$5.70m). Annonce • May 12
BMG Resources Limited, Annual General Meeting, Jun 12, 2023 BMG Resources Limited, Annual General Meeting, Jun 12, 2023, at 13:00 W. Australia Standard Time. Location: Level 14, 225 St Georges Terrace Perth Australia Agenda: To discuss Ratification of issue of Tranche 1 Placement Shares to Placement Participants under Listing Rule 7.1; to Ratification of issue of Tranche 1 Placement Shares to Placement Participants under Listing Rule 7.1A; to Approval to issue Tranche 2 Placement Shares to investors Non-Related Party investors; to Approval to issue Placement Options to Placement Participants; to Approval to issue Broker Options; and to Approval to issue 15,000,000 Shares to Fairplay Gold Pty Ltd under Listing Rule 7.1. Annonce • Feb 08
Bmg Resources Limited Announces Rigorous Metallurgical Testwork at Abercromby Confirms High Gold Recoveries Via Conventional Milling BMG Resources Limited reported that metallurgical test work conducted on Abercromby core samples have confirmed its free milling status and therefore amenability to conventional carbon-in-leach (CIL) processing, with high gold recoveries achieved. The study was conducted on drill core samples representative of fresh Abercromby mineralisation and results are consistent with, and exceed those from previous, metallurgical test work undertaken at Abercromby. This latest testwork was completed by Perth based Extreme Metallurgy and reviewed by GR Engineering Services, which has been retained by BMG to advise on project development for Abercromby. Test work was conducted on two 50kg, quarter core composites from BMG's Abercromby Project, and followed a typical gravity/cyanidation flowsheet, one that is ubiquitous to most mills in WA. Samples were selected by BMG's geological team, comprising intervals of fresh, competent, mineralised core, interpreted to be representative of the greater mineralised system and located within the main mineralised portion of the deposit. Mineralisation is characterised by silica, pyrite, carbonate altered basalt and dolerite, punctuated by quartz and quartz carbonate stockwork veins. Head assays for the two composite samples were 1.35g/t and 1.87g/t respectively, with low silver content and low levels of deleterious elements of Copper and Arsenic. Gravity and Cyanidation Testwork: Both samples were tested via typical gravity gold recovery followed by cyanidation by Metallurgy Laboratories in Welshpool. Both composites achieved high gold recoveries of 93.00% and 94.94% for composite 1 and 2 respectively, each with low gold in tails. Reagent Consumption: All testwork was conducted in Perth tap water as no site water was available at the time of the test. While the reported reagent consumptions are considered low processing in saline/hypersaline water, in practice may increase both lime and cyanide consumption due to water chemistry changes. Water quality detail is still scarce for the deposit but will be addressed with additional test work in due course to better understand the impact it will have on reagent consumption. SUMMARY: The results are a strong indicator of the gold mineralisation being amenable to high overall gold recovery under typical processing conditions. The two composites are free milling and achieved high overall gold recovery, varying from 93-95%. They also had some free gold, as the gravity recovery varied from 34-41%. The gravity tails (leach feed) also showed good leach recoveries, with a majority of the leaching occurring in the first 8hrs, however the samples continued to leach up to 48hrs. Lime and cyanide consumption was also low. It would be expected that when processing in saline/hypersaline water conditions that these would increase, and further testwork using site water will be completed in due course. Overall, the sighter tests conducted on these two composites show that they are free milling and are amenable to typical low-cost metallurgical processes for gold ores common in Western Australia. Extrapolation of these results implies high gold recoveries for the entire deposit when treated via a typical gravity gold recovery and cyanidation process. NEXT STEPS: Future work is planned to optimise processing parameters as BMG moves closer to economic evaluation and eventual exploitation of the deposit. Board Change • Jan 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director John Prineas was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director John Prineas was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director John Prineas was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 28
Non-Executive Director recently bought AU$99k worth of stock On the 27th of August, John Dawson bought around 2m shares on-market at roughly AU$0.05 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. 