New Risk • Feb 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% 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 Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$32.9m market cap, or US$23.1m). Tillkännagivande • 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 New Risk • Dec 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 41% 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 Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 29% per year over the past 5 years. Shareholders have been substantially diluted in the past year (41% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (AU$17.1m market cap, or US$11.4m). New Risk • Dec 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.8m (US$9.85m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$14.8m market cap, or US$9.85m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). Tillkännagivande • 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 Tillkännagivande • 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 New Risk • Aug 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 35% 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 Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (35% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$10.2m market cap, or US$6.60m). Tillkännagivande • 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 New Risk • Mar 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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$1.6m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 36% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$10.9m market cap, or US$6.85m). New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% 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 Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$10.1m market cap, or US$6.27m). Tillkännagivande • 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 Tillkännagivande • 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 Tillkännagivande • 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 (23% 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$4.72m). 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). Tillkännagivande • 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 Tillkännagivande • 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 Tillkännagivande • 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. New Risk • Nov 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. 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$3.4m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (AU$5.70m market cap, or US$3.64m). Tillkännagivande • 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. 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 (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 (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). Tillkännagivande • 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. Recent Insider Transactions Derivative • Jun 14
Non-Executive Director exercised options to buy AU$109k worth of stock. On the 12th of June, John Prineas exercised options to buy 6m shares at a strike price of around AU$0.015, costing a total of AU$96k. This transaction amounted to 14% of their direct individual holding at the time of the trade. Since June 2022, John has owned 45.82m shares directly. Company insiders have collectively bought AU$144k more than they sold, via options and on-market transactions, in the last 12 months. 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 (28% 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). Tillkännagivande • 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. Tillkännagivande • 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. Tillkännagivande • Nov 16
BMG Resources Limited Announces Assays from Recent Diamond Drilling (Dd) Program At the Abercromby Gold Project BMG Resources Limited announced that assays from the Company's recent diamond drilling (DD) program at the Abercromby Gold Project have delivered another significant batch of gold results, materially adding to the known mineralised envelope at the Capital Prospect which remains open at depth and along strike. Drilling expanded on the excellent results for the previous drilling campaign completed in the June quarter, that more than doubled the mineralised envelope and continued to define regional targets. Laboratory assay results have been received for the seven hole, 3,989m DD program, completed in September 2022, which focussed on infill, extensional and resource definition drilling at the Capital Prospect, part of the Company's high-grade Abercromby Gold Project. Details of the six DD holes completed, and a seventh hole that was abandoned due to drill bit failure. This third major drilling campaign by BMG followed excellent results from the highly successful second drilling campaign, completed earlier this year, which more than doubled the mineralised envelope and continued to define regional targets. This latest round of assay results builds on the Company's understanding of the exciting gold deposit and potential for significant scale. Mineralisation comprises several north-west trending lodes that contain high-grade, plunging shoots. The latest drill results have continued to define these mineralised zones as shown in the Figures, below. All holes intersected mineralisation in positions at or near planned locations down hole. Most significantly, the drilling confirmed the southward continuation of the mineralised structure, with both lodes returning mineralised intercepts. The strong intercept of the West Lode in hole 21ABDD007A, indicates the possibility of another high-grade shoot is present; which will need to be verified with further drilling. This drill hole was completed 335m south of previous known mineralisation in the West Lode intersecting 5.56m @ 3.5 g/t Au from 400m, demonstrating significant strike extension potential to the West Lode. Selected results on a hole- by-hole basis for the returned assays: 5.56m @ 3.5g/t Au from 400m (22ABDD007A) 6m @ 2.79g/t Au from 171m (22ABDD007) 90m @ 0.6g/t Au from 250m, incl 9m @ 1.81g/t Au from 303m (22ABDD008) 8.45m @ 3.46g/t Au from 414.5m and 13m @ 2.3 g/t Au from 317m (22ABDD010) 60m @ 0.66g/t Au from 244m, incl 6.6m @ 2.32g/t Au from 272.7m (22ABDD011) The success of BMG's recent drill programs, particularly the two completed DD programs in 2022, have added significant scale to the mineralised footprint at Abercromby. This is illustrated by the Orthographic view of modelled grade distribution in Figure 2, which highlights the broad band of mineralisation (green), punctuated by high-grade zones (red), across a 1.2km section at the Capital Prospect, which remains open in all directions. The delineation between the shallower oxidised zones and the deeper fresh rock zones is noted on the diagram, showing an even dispersion of mineralisation through the weathering profile, which runs from near surface and remains open at depth - as well as in both directions along strike. The outstanding results from this program and the other recent RC and DD programs have continued to enhance the resource potential of the Abercromby Project. Further extensional and infill drilling is planned for H1 2023 to continue to scope the full potential of the expanding the mineralised footprint at Abercromby. BMG has engaged GR Engineering and Extreme Metallurgy to assist with further metallurgical test work on mineralised material from Abercromby. This will build upon the preliminary testwork undertaken in 2021 which indicated the nature of the Abercromby ore as free milling across the weathering profile from shallower oxidised zones to deeper fresh rock zones A program has been designed to test two circa 50kg samples of fresh mineralised material. The results will feed into future planned mine feasibility work. A full analysis of the data returned from this round of drilling is in progress and further drilling will be planned once completed. Board Change • Nov 16
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. Tillkännagivande • Aug 25
BMG Resources Limited Provides Exploration Update on Abercromby Gold Project BMG Resources Limited advised that assay results returned from the most recent aircore drilling program at the Company's 100% owned Abercromby Gold Project, located in the Agnew-Wiluna greenstone belt of WA, have grown existing regional gold anomalies. Planning is underway to define follow-up work programs, including drilling. The results are from regional Aircore drilling completed to the south of the Capital deposit in May and June 2022, following up on prospective positions delineated by BMG's maiden aircore program in February. The aircore drilling broadly tested a number of targets generated by the SAM survey completed in December 2021. The SAM survey identified an extensive strike of SAM anomalism trending from the known gold-bearing structures at Capital into areas to the south where little or no drilling had taken place. A total of 20 highly anomalous (+200ppb Au) results were encountered in 19 separate holes, providing compelling impetus for BMG to expand its work program at Abercromby to include these greenfield areas. The most recent aircore drilling (59 aircore holes for 5,658m) further tested the new, anomalous areas identified in the previous round of work in the Archer, Barrack and Capital South areas. A number of the higher-grade gold intercepts from the first aircore program were returned in positions with little adjacent drilling, highlighting good potential for significant strike extensions. These included: 4m @ 1.19g/t Au from 16m (22ABAC117) situated within SAM anomalism with direct continuity to mineralisation at Capital, and adds to a series of historic anomalous gold results in the same area which can be traced for around 1.7km. 4m @ 3.58g/t from 52m (22ABAC061) situated in a previously untested position, now interpreted to be the south-eastern extension of the Abercromby shear. This area is open for around 1.4km, some 600m to the north-west, and 800m to the south-east aligning with anomalism defined by other BMG drilled aircore holes nearby to the Archer prospect. 4m @ 1.46g/t Au from 44m (22ABAC014) situated near the Barrack prospect, open for several hundred metres to the north-west, and coincident with SAM anomalism. The recent aircore program again tested targets generated from the SAM surveys which identified several high priority structural settings, including at the Barrack and Archer prospects where gold mineralisation was previously intersected. The anomalous gold intercepts returned from the current aircore drilling include: 20m @ 0.43g/t Au from 36m (22ABAC145) drilled 40m east of 22ABAC117 (4m @ 1.19g/t Au from 16m), see above, this hole has returned the down dip extension of the latter intersection. Further drilling is required to determine the down dip extent of the mineralisation. 4m @ 1.21g/t Au from 36m (22ABAC153) drilled 40m west of 22ABAC061 (4m @ 3.58g/t from 52m), see above, together with 22ABAC150 (4m @ 0.61g/t Au from 80m) located 160m to the north. These holes further enforce the potential of the Abercromby shear extending to the south. The area to the north of 22ABAC150 remains untested for some 500m. 4m @ 0.99g/t Au (22ABAC168) situated in the area to the west of the Archer Prospect. This intercept further adds to the prospectivity of structural complexity highlighted in the SAM data. Holes 22ABAC169 (4m @ 0.42g/t Au from 52m) and 22ABAC170 (4m @ 0.29g/t Au from 44m) drilled 40m to the south of 22ABAC168 are 80m apart and appear to have straddled the position of the inferred mineralised shear. The northerly strike position of the inferred mineralised shear remains untested for some 250m both in the north and south strike extension. BMG is now in the process of integrating the geological information with the assay results with the aim of prioritising targets within the key zones highlighted from this and the previous aircore programs (Capital South, Archer and Archer West), together with other with any other areas identified in the review. Additionally, BMG has substantially completed the c.3,800m diamond drilling program at the main Capital deposit, which includes testing of extensions to the south of the main Capital deposit. Visual observations of drill core are confirming shearing with quartz veining corresponding with the expected lode positions. First assay results are expected in the next few weeks. BMG will provide further updates in due course. Tillkännagivande • Jul 22
BMG Resources Limited, Annual General Meeting, Aug 22, 2022 BMG Resources Limited, Annual General Meeting, Aug 22, 2022, at 14:00 W. Australia Standard Time. Location: Level 14, 225 St Georges Terrace, Perth WA, 6000 Perth Australia Agenda: To discuss Ratification of issue of Placement Shares to Placement Participants; and to discuss Ratification of issue of Lead Manager Options. Tillkännagivande • Jul 15
New Cyprus Copper PA Limited agreed to acquire the remaining 10% stake in Treasure Developments Limited from BMG Resources Limited (ASX:BMG) for AUD 2 million. New Cyprus Copper PA Limited agreed to acquire the remaining 10% stake in Treasure Developments Limited from BMG Resources Limited (ASX:BMG) for AUD 2 million on July 13, 2022. Tillkännagivande • Jul 13
BMG Resources Limited Provides Update on Drill Programs at its 100% Owned Abercromby Gold Project BMG Resources Limited provided an update on drill programs at the Company's 100% owned Abercromby Gold Project in the north-eastern goldfields of WA. The DD program at the greater Capital Prospect area comprises 8 holes for ~3,700m, and is aimed at resource definition and extension of the high-grade gold lodes identified to date. The Company reported that the DD program is progressing well with two shifts operating. To date, almost two holes have been completed (22ABDD006 (completed) and 22ABDD008 (substantially completed)) to 664.7m and c.560m of 650m respectively, with the next hole (22ABDD009) to commence shortly. Hole 22ABDD006 is a re-drill of 21ABDD004, which suffered terminal drill rod failure at 360m prior to its target depth, and is designed to test extensions of the West Lode. 21ABDD004 intersected 10m at 11.71 g/t Au from 295m in the East Lode, 250m south of the existing mineralisation, confirming a very significant depth extent to the shallow, high-grade mineralisation at Capital. Preliminary visual observations indicate that prospective shearing and quartz veining was observed in 22ABDD006 in the zone corresponding with the expected extensions of the East lode. An additional zone of sheared mafics with quartz veining and alteration was observed towards the end of the hole around 600 to 620m. In addition, both holes, 22ABDD006 and 22ABDD008, contain observed shearing with quartz veining and alteration corresponding with the expected extensions of East and West gold lodes positions. Another key area to be tested in the DD program is the continuity of mineralisation intersected in 21ABDD003. The drilling will test around the deeper zones of the West Lode where 21ABDD003 intersected 13.8m at 6.56m g/t Au from 446m. The Company has now completed all the holes that were part of the Aircore drilling infilling new, high-grade anomalisms intersected in the previous round of work in the Archer, Barrack and Capital South areas. The higher-grade gold assays were returned in positions with good potential for significant strike extent. These aircore targets form the foundation of BMG's growing prospect pipeline at Abercromby. A total of 59 aircore holes for 5,658m were completed. Initial assay results are expected in July. BMG provides an update regarding the proposed sale of its remaining 10% interest in Treasure Development Limited (TDL) to New Cyprus Copper PA Limited (New Cyprus). TDL is the owner and operator of the Treasure Project in Cyprus. New Cyprus, a wholly owned subsidiary of Caerus Mineral Resources PLC (LON:CMRS) (Caerus), is the majority shareholder of TDL with 90% ownership. Following the acquisition by New Cyprus of an additional 20% interest in TDL from BMG completed in May 2022, as foreshadowed in BMG's March 2022 Quarterly Activities Report, BMG exercised its put option for the sale of its remaining 10% interest in TDL. New Cyprus has not paid BMG the sum of A$2,000,000 for the purchase of BMG's remaining 10% interest in TDL in accordance with the time frame required under the Share Purchase Agreement pursuant to which BMG has exercised its put option. BMG maintains that NCC is now in breach of contract and has given notice of default to NCC. BMG will endeavour to resolve the matter in accordance with the dispute resolution procedures of the Share Purchase Agreement. BMG will keep the market informed of the outcome of the matter as and when resolved. Tillkännagivande • Jun 30
BMG Resources Limited Announces Commencement of Diamond Drilling At Abercromby BMG Resources Limited provided an update on exploration activities at the Company's 100% owned Abercromby Gold Project in the north-eastern goldfields of WA. The next phase of diamond drilling (DD) has commenced, and the follow-up program of regional aircore drilling is complete. The DD program at the greater Capital prospect area comprises 8 holes for 3,700m, and is aimed at resource definition and extension of the high-grade gold lodes identified to date. 57 regional aircore holes for 5,428m across three large gold anomalies have now been completed. The anomalies were identified by recent sub-audio magnetics and aircore drilling completed earlier this year in the southern portion of BMG's Abercromby tenure. Two more aircore holes are planned for early July. Tillkännagivande • Jun 04
BMG Resources Limited Commences Next Phase of Drilling BMG Resources Limited advise that the next phase of drilling has commenced at the Company's 100% owned Abercromby Gold Project in the north-eastern goldfields of WA, following the recent completion of highly successful diamond and aircore programs. This program encompasses some 11,500m of planned drilling over the next 10 weeks, with diamond drilling at the Capital Prospect to comprise c.4,000m, and aircore drilling to the south estimated at c.7,500m. The DD program is aimed at resource definition and extension holes, including a 650m replacement for 21ABDD004 which suffered terminal drill rod failure at 360m, prior to the targeted depth to test the extension of the West Lode. The AC drilling will target the three large gold anomalies identified by the recent sub-audio magnetics and aircore drilling, in the southern extension of the mineralisation at Abercromby. The Company has engaged Australian Air Core Pty Ltd. (AAC) to undertake the AC program and Boart Longyear to undertake the DD program. An AAC rig mobilised to site this week and has commenced AC drilling, which is expected to take around 3 weeks to complete. Boart Longyear is scheduled to be onsite next week, with the DD program anticipated to take around 10 weeks to complete. Through aircore drilling, BMG plans to infill new high-grade anomalism intersected in the previous round of work in the Archer, Barrack and Capital South areas. As previously reported, high grade gold assays were returned in positions with good potential for significant strike extent. These aircore targets form the foundation of BMG's growing prospect pipeline at Abercromby. Drilling will also probe highly anomalous, end of hole, base metal results from 22ABAC024, including 2m @ 1.6% Pb, 0.4% Zn, 0.09% Cu and 11ppm Ag from 80m, which was recently returned from multi-element analysis. Diamond drilling will build on the stellar results returned in the recent diamond program to further explore high grade plunge trends emerging at Capital and provide the basis for a maiden Mineral Resource estimate upon receipt of the assay results. Tillkännagivande • Apr 27
BMG Resources Limited Announces Assays from the Company's Recent Diamond Drilling Program at Abercromby Gold Project BMG Resources Limited announced that assays from the Company's recent diamond drilling (DD) program at the Abercromby Gold Project have delivered another excellent batch of gold results, significantly adding to the known mineralised envelope at the Capital Prospect which remains open at depth and along strike. Assay results in this release are for the 2,613m DD program at Abercromby completed in February 2022 which wrapped up the c.6,700m combined RC/DD Program at the Project. Laboratory assay results have been received for the 2,613m ten DD hole program completed in February 2022, which was the final component of the c.6,700m combined RC/DD Program at the Capital Prospect, part of the company's high-grade gold Abercromby Project. The program comprised five diamond tails and five stand-alone holes targeting depth and strike extensions. 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. Tillkännagivande • Mar 03
BMG Resources Limited Advises the Diamond Drilling and Aircore Drilling Programs At the Company's 100% Owned Abercromby Gold Project BMG Resources Limited advised that the diamond drilling (DD) (2,613m) and aircore drilling (AC) (approx. 10,300m) programs at the Company's 100% owned Abercromby Gold Project in the Wiluna greenstone belt of WA have been completed. About 2,600m of DD was completed at the Capital Prospect within Abercromby across 10 holes, including five tails in order to complete previous reverse circulation drilling that didn't reach target depth, and deeper holes targeting high-grade depth and strike extensions. This completes the 6,700m of RC/DD drilling program that was aimed at testing the mineralised zones at Capital, deeper extensions of the high-grade orebody, and step-out extensions along strike. BMG has also completed about 10,300m of AC drilling across 130 holes at Abercromby, targeting high priority structures identified through the sub-audio magnetic geophysical survey (SAM survey), which was completed in December last year. Diamond Drilling; This DD program completes ~6,700m of RC/DD aimed at testing the mineralised zones at Capital, deeper extensions of the high-grade orebody, and step-out extensions along strike. The DD completed five RC holes (including one hole from the 2020 drill program) that were terminated early due to water ingress. In addition, five DD holes tested the down dip and deeper continuity of the known mineralisation up to 500m below surface. Areas tested by the drilling included the zones of thick, high-grade mineralisation already identified at deeper levels, where significant intersections from BMG's previous drilling has included: 26m @ 6.07g/t Au from 192m including 7m @ 21.22g/t Au from 192m (20ABRC0004); 37m @ 1.70g/t Au from 127m including 3m @ 15.29g/t Au from 157m (20ABRC0008); 37m @ 2.58g/t Au from 144m including 8m @ 8.1g/t Au from 173m (20ABRC0010); 36m @ 1.30g/t from 232m including 8m @ 2.94g/t from 252m (21ABRC004). DD assay results are not yet available and geological logging is continuing. However, encouragingly, DD intersected wide intervals of quartz-carbonate veining +/- pyrite (1 to 10% as disseminations and stringers) at anticipated lode positions. Poor drill productivity has extended the time taken to complete the work; however, all samples have now been processed and submitted for assay. All holes were completed to planned depths (or greater where favourable geology and/or alteration justified extension) except for 21ABDD004, which was terminated at 356.6m (planned depth 650m) due to a broken and irretrievable rod string. Aircore Drilling: The major AC program (130 holes for 10,312m) was completed to the south of Capital. The drilling tested the significant prospective strike potential between Capital and the previously defined Barrack /Archer prospects, as well as, testing a multitude of grass roots targets generated by the SAM survey completed in December 2021. Many of these are walk up targets based on their analogous features to the structural settings of known mineralisation centres at Capital and Capital North. Access to planned hole locations was, for the most part, easy; however, six planned holes were unable to be completed due to boggy ground at the drill sites. Tillkännagivande • Jan 25
Bmg Resources Announces Assays Confirm Very High Gold Grades At Abercromby BMG Resources Limited reported that it has received all outstanding assay results for the reverse circulation (RC) drilling program which was completed in2021 at its Abercromby Gold Project in the north-eastern Goldfields of WA. These new assays confirm and build upon results reported on 19 October 2021, when preliminary 4m composite results were made public. The 1m assay results are, however, more significant due to their higher level of sample quality and collection rigour, and are considered more definitive in assay determination for downhole sampling. The 1m assays illustrate wide, continuous zones of gold mineralisation at Abercromby, inclusive of extremely high grades. Selected results on a hole-by-hole basis for the returned assays from Abercromby are shown below: 6m @ 19.8gpt from 83m (21ABRC007), incl 1m @ 100.39gpt from 83m; 34m @ 1.26gpt Au from 143m (21ABRC007); 5m @ 3.97gpt Au from 238m (21ABRC007); 60m @ 1.46gpt Au from 127m (21ABRC005), incl 19m @ 2.87gpt from 159m; 50m @ 1.08gpt Au from 101m (21ABRC003), incl 4m @ 8.61gpt from 123m; 33m @ 1.38gpt Au from 233m (21ABRC004), incl 12m @ 2.47gpt from 250m; 35m @ 1.07gpt Au from 19m (21ABRC019), incl 13m @ 1.98gpt from 39m; 2m @ 6.47gpt from 80m (21ABRC019); 25m @ 1.15gpt Au from 218m (21ABRC006), incl 9m @ 1.99gpt from 223m. Tillkännagivande • Jan 20
BMG Resources Announces Two Drill Rigs Underway At Abercromby Gold Project BMG Resources Limited advised that the diamond drilling (DD) program and the proposed aircore drilling (AC) program at the Company's 100% owned Abercromby Gold Project in the Wiluna greenstone belt of WA are in full swing. The DD program testing the Capital Prospect has recommenced. This is part of the 6,750m combined RC/DD program (4,000m of RC and 2,750m DD) refer ASX releases 19 October 2021, 1 November 2021 and 2 December 2021. The remaining DD holes (3 holes with 1,050m remaining) are anticipated to be completed by March. This includes two holes (each 650m) testing the down dip and deeper continuity of the known mineralisation up to 500m below surface. The third hole is the final tail of the RC holes to be completed which were terminated early due to water ingress. A major AC drill program of around 12,000m (136 holes) is now underway to test the new sub-audio magnetic (SAM) generated targets. Many of these are walk up targets based on their analogous features to the structural settings of known mineralisation centres at Capital and Capital North. Comprehensive coverage will better probe areas only cursorily tested in the past for base minerals, including the Archer and Barrick targets. Tillkännagivande • Nov 30
BMG Resources Ordinary Shares Deleted from Other OTC BMG Resources Limited Ordinary Shares has been deleted from Other OTC effective from November 29, 2021, due to Inactive Security. 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. Tillkännagivande • Aug 27
BMG Resources Limited announced that it has received AUD 4 million in funding from Impulzive Pty Ltd, Zeus Private Equity Pty Ltd. and other investors On August 27, 2021, BMG Resources Limited closed the transaction. The company issued 16,002,087 to unrelated qualified, sophisticated and professional investors, 2,000,000 shares to Impulzive Pty Ltd and 2,000,000 shares to Zeus Private Equity Pty Ltd. Tillkännagivande • Aug 13
BMG Resources Limited Completes Approximately 1,800M of Drilling At 100% Owned Abercromby Gold Project BMG Resources Limited announced that it has completed approximately 1,800m of drilling at the Company's 100% owned Abercromby Gold Project in the north-eastern Goldfields of WA. Abercromby is located on the Wiluna Greenstone Belt, one of the state's most significant gold-producing regions with a gold endowment of +40Moz Au, and surrounded by Northern Star Resources Jundee and Wiluna Mining's Wiluna operations. Eight RC drill holes have been completed to-date, while the remaining 10 holes are expected to be completed in the coming weeks. In addition, a diamond rig is also scheduled to arrive on site early next month to complete diamond tails. The deeper diamond drilling will test the depth continuity of the known high-grade gold mineralisation. Geological logging of these initial eight holes has indicated that drilling has intersected multiple intervals of intense hydrothermal alteration characterised by quartz-carbonate-sericite veining and with minor sulphides. The Company is awaiting receipt of laboratory assays to confirm the extent of any gold mineralization intersected, with first assays expected by mid-September 2021. BMG's maiden drill program at Abercromby was designed to test the nature and continuity of known gold mineralisation at the Capital Prospect, which has yielded multiple thick high-grade gold intersections. Eight of the 18 drill holes planned have been completed by BMG, comprising approximately 1,800m. The majority of the holes drilled to date are around the Capital Prospect. Encouragingly, a number of drill holes intersected intervals of intense hydrothermal alteration with breccias containing quartz- carbonate-sericite veining with minor sulphides. This kind of mineralogy is known to be associated with gold mineralisation intersected previously within the Abercromby project area. Tillkännagivande • Jul 15
BMG Resources Limited Reports Multiple New Targets Identified by Geophysical Survey At High-Grade Abercromby Gold Project in Western Australia BMG Resources Limited reported that it has completed a sub-audio magnetic survey (SAM) at its high-grade Abercromby Gold Project in the north-eastern Goldfields of Western Australia. The SAM geophysical survey has provided high-resolution mapping of the structures in the northern part of the project area, which are the controls on gold mineralisation. This information has increased BMG's confidence in its geological and structural model for Abercromby, which will substantially assist in planning follow-up drilling. BMG's recent work at Abercromby has confirmed a high-grade gold system with excellent growth potential. The SAM survey was undertaken over the northern section of the Abercromby Project along a 3km strike, which is around half the overall length of the project area. The survey has been successful in identifying the mineralised structural corridor that hosts the known high-grade gold zones at Capital and Capital North. Importantly, the survey has also highlighted the presence of link structures that when compared with the already drilled mineralised areas at Capital and Capital North, calibrate a repetitive pattern (primarily) immediately to the south of Capital. This is very encouraging for the potential of this underexplored area to deliver further gold discoveries. BMG plans to test these structural anomalies as part of its upcoming drilling campaign. Given the positive results from the SAM survey, a further survey will be planned for the southern section of the project area which includes the Barrick and Archer targets gold mineralisation has been intersected at these targets with little follow-up drilling. A major drill program at the Capital Prospect is in the final planning stages. The program will focus on resource step-outs, extension holes and infill drilling. Given the considerable scale of each of these three targets, BMG is excited by the potential upside that positive results in these settings could have on the scale of the greater project. Tillkännagivande • Mar 10
BMG Resources Limited Reports New High-Grade Gold Intercepts at Abercromby BMG Resources Limited reported that it has received all assay results from the drill program completed last December at the Company's 100%-owned Abercromby Gold Project, south of Wiluna in the north-eastern Goldfields. Abercromby is one of BMG's three highly prospective, 100%-owned gold exploration projects in the Tier 1 mining jurisdiction of Western Australia. BMG's other projects are Invincible in the Central Pilbara and South Boddington in the State's South West. BMG's maiden drill program at Abercromby was the first to be conducted at the project in more than 15 years. The program was designed to test the nature and continuity of known mineralisation at the
Capital Prospect, where multiple thick and high-grade gold intersections were reported by previous explorers. A total of 13 drill holes was completed by BMG with 635m of diamond and 2,246m of reverse circulation (RC) drilling. A further eight planned drill holes were not completed because of time constraints but will be added to this year's major upcoming drill campaign. Assays for the drill program have confirmed broad gold zones at Abercromby with very wide intersections of gold mineralisation including multiple intervals of bonanza grades. Selected results on a hole by hole basis for the returned assays from Abercromby are: 26m @ 6.07 g/t Au from 192m, including 7m @ 21.22 g/t Au from 192m (20ABRC0004); 16m @ 3.64 g/t Au from 82m, including 3m @ 14.38 g/t Au from 83m (20ABRC0004); 33m @ 1.7 g/t Au from 127m, including 3m @ 15.29 g/t Au from 157m (20ABRC0008); 37m @ 2.58 g/t Au from 144m including 8m @ 8.1 g/t Au from 173m (20ABRC0010); 5m @ 5.86 g/t Au from 42m including 2m @ 10.83 g/t Au from 42m (20ABRC0010); 8m @ 2.72 g/t Au from 32m and 2m @ 4.37 g/t Au from 107m (20ABRCD0003); 59m @ 0.86 g/t Au from 156m, including 7m @ 3.33 g/t Au from 173m (20ABRC0006); 2.7m @ 6.54 g/t Au from 215.3m (20ABRCD0003); 12m @ 2.56 g/t Au from 25m including 2m @ 4.87 g/t Au from 25m (20ABRC0001). Analysis of the drill results has shown that there are a number of mineralised zones or lodes within the Capital Prospect, some of which have not been previously recognised. In addition, these lodes are not uniformly mineralised. Many of the lodes have areas of high-grade potential that have not been fully tested providing scope for further drilling to greatly expand the areas of mineralisation and therefore the potential contained ounces. Mineralisation in these gold zones is interpreted to be open in all directions with potential extensions to the north and at depth being of priority interest. BMG's interpretation of mineralisation at the Capital Prospect is there are a number of north-west trending mineralised shear zones (lodes) that contain internal high-grade, plunging gold shoots. The latest drill results have identified two broadly defined steeply north-east dipping mineralised zones, the Western lode and Eastern lode. There are also indications that there may be further mineralised zones in the Capital area, the Flat lode. Assimilation of the latest drill data into the project database has allowed for re-examination of the mineralisation in 3D. Significant intercepts were distilled to two mineralised domains Western and Eastern and their grade characteristics were analysed in the plane of each. Imaged accumulated length and gold grades for drill hole intervals (gram metre values) were constructed for the West and East lode positions. These are shown in Figures 4 and 5. The gram:metre (gm) trends in the plane of mineralisation clearly show a south dipping high-grade zone or shoot within the Western and Eastern lodes. The 2020 drill program focused on an area 200m x 300m within the Capital prospect. Multiple high-grade intersections outside this area were reported by previous explorers providing additional walk-up drill targets to confirm and extend known mineralisation. Importantly, the trends and features seen from this program provide great insight into the effective targeting of mineralisation at the Capital North Prospect located to the north of the drilling completed last year at the Capital Prospect. Sporadic historical drilling at Capital North has intersected thick intervals of high-grade gold but the area remains largely unexplored. Historical intersections included: 58m @ 1.71g/t Au from 77m (95WJVP274); 8m @ 14.47g/t Au from 114m (96CJVP024); 2m @ 27.9g/t Au from 27m (95WJVP280). The combined footprint of the Capital and Capital North Prospects is approximately 1,000m x 300m to support the potential for further drilling to establish a very significant resource envelope. The maiden drilling completed by BMG at Abercromby was the first chance for the Company to assess the validity of historic work, much of which was completed in the mid to late 1990s. While the program was only partially completed eight of the 21 holes planned will be completed this year and the upper portions of the diamond holes were impacted by significant core loss, encouragingly the drill results have added to the understanding of the nature and continuity of known mineralisation at the Capital Prospect. While several holes were terminated early due to water ingress, the majority of holes reached their planned positions and tested the target areas. A favourable take-away was that, in general, mineralisation was intersected in or very near to the positions predicted by its mineralisation model, justifying its effectiveness. A sub-audio magnetic survey (SAM) is scheduled to be completed at Abercromby later this month. This geophysical survey is designed to provide high-resolution mapping of the structures in the project area, which are the controls on gold mineralisation. This information will enhance the structural model for Abercromby and assist in planning follow-up drilling. Following the SAM survey, a major drill program will be designed for 2021 to focus on resource step-outs, extension holes and infill drilling at the Capital and Capital North Prospects to further scope the gold endowment at Abercromby. Tillkännagivande • Feb 03
Bmg Resources Limited Announces Multiple High-Priority Targets Identified at Invincible Gold Project in the Central Pilbara BMG Resources Limited announced that the Company's aeromagnetic and radiometric geophysical survey has identified multiple exploration targets at its 100% owned Invincible Gold Project (Invincible) located in the central Pilbara of Western Australia, a region that is host to a number of high-grade gold deposits and new gold discoveries. Invincible is one of BMG's three highly prospective, 100%-owned gold exploration projects in the Tier 1 mining jurisdiction of Western Australia. BMG's other projects are Abercromby near Wiluna and South Boddington in the State's South West. Invincible, on Exploration Licence E45/4553, is located in the emerging gold district of Central Pilbara and immediately along strike from, and hosted by the same stratigraphy as, Calidus Resources' 1.5Moz Au resource, which is in development. Recent major discoveries in the region, including De Grey Mining's Hemi Project, have fuelled new strong investor interest in Pilbara gold projects. Invincible hosts more than 12.5km of the Warrawoona Shear Zone the mineralised trend that hosts Calidus' gold resource and which is mostly comprised in the Klondyke deposit, as well as other prospective structures. The company recently completed an ultra-high resolution aeromagnetic and radiometric survey in its Invincible project area, comprising approximately 5,000 line kilometres. Calidus used a similar geophysical survey to generate further gold targets at its adjacent ground. In addition to aeromagnetic and radiometric data, the survey also produced a digital terrain model. Results from the Invincible geophysical survey (magnetics and radiometrics) and high-resolution digital terrain model have been integrated with existing project data notably geochemical and geological data to generate multiple high-priority targets for gold exploration. Tillkännagivande • Jan 22
Bmg Resources Limited Receives the First Batch of Assay Results from 2,880M of Drilling Completed in December at its Abercromby Gold Project, South of Wiluna in the North- Eastern Goldfields BMG Resources Limited (BMG or the Company) reported that it has received the first batch of assay results from 2,880m of drilling completed in December at the Company's 100%-owned Abercromby Gold Project, south of Wiluna in the north- eastern Goldfields. Abercromby is one of BMG's three highly prospective, 100%-owned gold exploration projects in the Tier 1 mining jurisdiction of Western Australia. BMG's other projects are Invincible in the Central Pilbara and South Boddington in the State's South West. BMG's maiden drill program at Abercromby was designed to test the nature and continuity of known mineralisation at the Capital prospect, which has yielded historic multiple thick and high-grade gold intersections. The Abercromby assay results are selections from mainly fresh rock intervals in 8 of 13 reverse circulation (RC) and diamond drill holes, accounting for circa 30% of the total samples of the campaign. Assays for the shallow oxide intervals of the RC holes are pending, along with all samples relating to the diamond drill holes. BMG's interpretation of mineralisation at Capital is that of an approximately north-trending shear zone that contains internal high-grade, south-plunging shoots. The initial assays from Capital indicate that the mineralised intervals from this set of results fall in, or are very close to, the spatial positions predicted by BMG's mineralisation model. This increases the Company's confidence in the grade distribution and general predictability at Abercromby. Once the assay results from the remaining sampling are returned, including those of the diamond holes that targeted key sections within and below the known mineralised shear, BMG will be able to better understand the controls to the mineralisation. Selected results on a hole-by-hole basis for the returned assays are shown below (lengths are downhole dimensions and estimated at circa 90% of true width): 2m @ 3.05gpt from 41m and 47m @ 0.84gpt Au from 103m, including 3m @ 3.95 from 119m and 3m @ 3.09 from 147m (EOH) (20ABRC0002), 11m @ 0.83gpt Au from 153m, including 4m @ 1.30 from 160m (20ABRC0003), 26m @ 6.07gpt Au from 192m, including 7m @ 21.22 from 192m (20ABRC0004), 21m @ 0.47gpt Au from 167m, including 1m @ 4.02 from 168m and 1m @ 1.11gpt from 205m (20ABRC0005), 59m @ 0.86gpt Au from 156m, including 7m @ 3.33 from 173m and 2m @ 2.87 from 213m (20ABRC0006), 33m @ 1.7gpt Au from 127m, including 3m @ 15.29 from 157m (20ABRC0008), 18m @ 0.48gpt Au from 221m (20ABRC0010) and 3m @ 0.13gpt Au from 83m (20ABRC0011). A number of additional planned holes were not completed in this initial drilling campaign due to time constraints and will be added to the 2021 drilling campaign. The detail and extent of the next drilling campaign will be determined once all assay results have been received and reviewed. In addition to the laboratory assays from the current drill program, the Company plans to undertake preliminary metallurgical test-work on samples to assess the metallurgical performance of the gold mineralisation including to test recovery levels from an accelerated cyanide leach. The Company is also planning detailed geophysics via a sub-audio magnetic survey (SAM) to provide high resolution information on the structural controls of the mineralisation. Tillkännagivande • Dec 23
Bmg Resources Limited Announces Abercromby Gold Project Drilling Update BMG Resources Limited announced that it has completed approximately 2,880m of drilling at the Company's 100% owned Abercromby Gold Project in the north-eastern Goldfields of Western Australia. BMG has completed its first drilling at the high-grade Abercromby gold project; 13 drill holes completed with 635m of diamond and 2,246m of RC drilling; Visual indications that drilling has intersected multiple intervals of intense hydrothermal alteration characterised by quartz-carbonate-serecite veining and sulphides; Zones of alteration show close association with lithological contacts that are interpreted to be the likely control on gold mineralisation, providing geological insight for future targeting and drilling; First laboratory assays are expected in late-Jan 2021. Abercromby is located on the Wiluna Greenstone Belt, one of Western Australia's most significant gold-producing regions with a gold endowment of +40Moz Au, and surrounded by Northern Star Resources' Jundee and Wiluna Mining's Wiluna operations. Preliminary drilling observations are highly encouraging: A number of drill holes intersected intervals of intense hydrothermal alteration with breccias containing quartz-carbonate-sericite veining with sulphides. This kind of mineralogy is known to be associated with gold mineralisation intersected elsewhere within the Abercromby project area. A number of drill holes also intersected the basalt-gabbro contact, which is believed to be the lithological contact that acts as a control on gold mineralisation at Abercromby. Importantly, the zones of alteration encountered by drilling show a close association with this lithological contact. This is a significant geological finding that will assist in further targeting of gold mineralisation and resource definition drilling. The Company awaits receipt of laboratory assays to confirm the extent of any gold mineralisation intersected, with first assays expected by late January 2021. Drill campaign: BMG's maiden drill program at Abercromby was designed to test the nature and continuity of known gold mineralisation at the Capital prospect, which has yielded multiple thick high-grade gold intersections. 13 drill holes have been completed by BMG, comprising approximately 2,246m of RC drilling and 635m of diamond coring. A number of planned holes were not completed due to time constraints and will be added to the 2021 drill campaign. Additional drilling at Abercromby will be planned once assay results are received and reviewed. Observations of drill hole data referred to above are based on visual interpretation and are, therefore, preliminary in nature. A conclusive determination of any gold or other metal values in the drill holes will be confirmed when laboratory assays are available. About the Abercromby Project: The Abercromby Project is located on the Wiluna Greenstone Belt, one of Western Australia's most significant gold-producing regions with a gold endowment of +40Moz Au second only to Kalgoorlie globally in terms of historic production. The geology at Abercromby is very favourable for gold mineralisation, with high-grade gold interpreted to be hosted in dolerite sill associated with granophyric zone similar to gold deposits at St Ives and across the Kalgoorlie Golden Mile. Historic drilling at Abercromby has intersected multiple thick intervals of high-grade gold mineralisation to confirm the presence of a large high-grade gold system. BMG holds 100% of Abercromby, which comprises the gold and other mineral rights (ex-uranium) of two granted mining leases (M53/1095 and M53/336). Tillkännagivande • Oct 14
BMG Resources Limited Announces Appointment of JOHN DAWSON as Director BMG Resources Limited announced appointment of JOHN DAWSON as Director. Date of appointment of 13 October 2020. Tillkännagivande • Aug 18
BMG Resources Limited announced that it expects to receive AUD 3 million in funding BMG Resources Limited (ASX:BMG) announced a private placement of 60,000,000 ordinary shares at a price of AUD 0.05 per share for the gross proceeds of AUD 3,000,000 on August 17, 2020. The transaction will include participation from professional and sophisticated investors including managing director of the company for AUD 2,000,000. The transaction is expected to on or around the end of the first week of October 6, 2020 and is subject to approval from the shareholder of the company during September 30, 2020.. 