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BMG Resources Limited ( (AU:BMG) ) just unveiled an update.
BMG Resources Limited has commenced drilling at its Bullabulling Gold Project in Western Australia, targeting high-grade gold deposits over a planned 3,000 meters. The project is strategically positioned near the Bullabulling Gold Mine, recently acquired by Minerals 260 Limited, which hosts a significant gold resource. This development aligns with the current high gold prices and the resurgence of gold exploration in the Coolgardie mineral field, potentially enhancing BMG’s market position and offering substantial value to stakeholders.
More about BMG Resources Limited
BMG Resources Limited is a company operating in the mining industry, focusing primarily on gold exploration. The company is engaged in the development of its 100%-owned Bullabulling Gold Project in the Eastern Goldfields of Western Australia, strategically located near the Bullabulling Gold Mine.
Average Trading Volume: 2,411,504
Technical Sentiment Signal: Sell
Current Market Cap: A$8.44M
See more data about BMG stock on TipRanks’ Stock Analysis page.