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BMG Resources Limited ( (AU:BMG) ) has issued an update.
BMG Resources Limited addressed an ASX Aware Letter regarding recent drilling activities at its Abercromby Gold Project. The company clarified that the completion of drill holes, without accompanying assay results, is not expected to materially affect the value of its securities. BMG emphasized that visual observations of drill cores are not substitutes for laboratory analyses, and the impact on its securities is considered low due to the limited drilling conducted. The company also confirmed the accuracy of its December Quarterly Report, based on information from third-party contractors and internal assessments.
More about BMG Resources Limited
BMG Resources Limited is a company operating in the mining industry, focusing on exploration and development of mineral resources, particularly gold. The company is involved in drilling programs to assess the potential of its projects, such as the Abercromby Gold Project.
Average Trading Volume: 3,103,371
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$8.44M
For a thorough assessment of BMG stock, go to TipRanks’ Stock Analysis page.