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BMG Resources Limited ( (AU:BMG) ) has issued an announcement.
BMG Resources Limited has signed a Memorandum of Understanding with Wiluna Mining Corporation to process ore from its Abercromby Gold Project at the Matilda Processing Plant. This agreement marks a significant step for BMG in transitioning from a developer to a producer, leveraging the high gold prices and the project’s favorable features such as a granted mining lease and high-grade gold zones to fast-track development and deliver value to shareholders.
More about BMG Resources Limited
BMG Resources Limited is a company operating in the gold mining industry, focusing on the exploration and development of gold resources. Its primary project is the Abercromby Gold Project, located in Western Australia’s Goldfields, which is characterized by its significant gold mineralization and development potential.
Average Trading Volume: 1,893,190
Technical Sentiment Signal: Sell
Current Market Cap: A$8.44M
Find detailed analytics on BMG stock on TipRanks’ Stock Analysis page.