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BMG Resources Limited ( (AU:BMG) ) just unveiled an announcement.
BMG Resources has advanced preparations for a significant 2026 drilling campaign at its Abercromby Gold Project aimed at growing the current 518,000-ounce mineral resource and testing the continuity of high-grade ductile gold lodes at the Capital Deposit and the underexplored Capital South prospect. The company also progressed a scoping study for a potential low-capex, fast-payback mining operation at Abercromby, supported by favourable metallurgical recoveries, proximity to multiple processing plants and a toll-treatment MOU, while at its Bullabulling Gold Project, it is planning geophysical work and a major 2026 drill program following a substantial resource upgrade at the adjacent Bullabulling Gold Mine, underscoring the potential for additional high-grade discoveries within its tenements.
The most recent analyst rating on (AU:BMG) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on BMG Resources Limited stock, see the AU:BMG Stock Forecast page.
More about BMG Resources Limited
BMG Resources Limited is an ASX-listed gold exploration and development company focused on advancing its Abercromby and Bullabulling gold projects in Western Australia. The company is targeting near-term gold production by leveraging existing regional processing infrastructure and high-recovery, free-milling ore in established mining districts.
Average Trading Volume: 7,543,270
Technical Sentiment Signal: Buy
Current Market Cap: A$25.69M
See more insights into BMG stock on TipRanks’ Stock Analysis page.