BMG Resources Launches Major Drilling Push to Grow Abercromby Gold Resource

An update from BMG Resources Limited ( (AU:BMG) ) is now available.

BMG Resources will launch a 10,000-metre diamond drilling program at its Abercromby Gold Project this month to expand and upgrade the existing 518,000-ounce gold resource. The campaign, the first major drilling since the 2023 maiden resource, will focus on extending high-grade lodes at the Capital Deposit that remain open at depth and along strike.

The company has re-engaged contractor DDH1, with drilling expected to start in late February and results feeding directly into mine planning to increase resource confidence and assess potential growth in ounces. A scoping study evaluating open pit and underground mining scenarios is nearing completion, underscoring BMG’s push to advance Abercromby toward potential development while leveraging its low historical discovery cost and favourable location near existing processing infrastructure.

The most recent analyst rating on (AU:BMG) stock is a Hold with a A$0.03 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 Australian gold exploration and development company listed on the ASX, focused on its 100%-owned Abercromby Gold Project in Western Australia’s Goldfields. The project hosts the Capital Deposit, with a maiden Mineral Resource Estimate of 518,000 ounces of gold, and is located on a granted mining lease within trucking distance of existing processing facilities.

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Technical Sentiment Signal: Hold

Current Market Cap: A$32.86M

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