BMG
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Company News
BMG Resources Secures Toll Treatment Deal with Wiluna Mining for Abercromby Gold Development
BMG Resources (ASX: BMG) has signed a toll treatment agreement with Wiluna Mining to facilitate the processing of ore from BMG’s fledgling Abercromby gold project in Western Australia. The agreement will allow for near-surface ore from an Abercromby open pit operation to be treated at Wiluna’s established Matilda processing plant, 20 kilometres to the north-east. […]
BMG Resources launches new drilling campaign at Abercromby gold project
BMG Resources (ASX: BMG) is set to unveil further potential at its 100%-owned Abercromby gold project in Western Australia with the commencement of a new drilling campaign. Located in one of the world’s premier gold-producing regions, Abercromby currently hosts a 518,000oz resource at 1.45 grams per tonne. It is surrounded by major gold projects including […]
BMG Resources to build on maiden resource with drilling restart at Abercromby gold project
BMG Resources (ASX: BMG) has confirmed it will resume drilling this month at its wholly-owned Abercromby gold project in Western Australia. Extensional drilling of high-grade zones within the main Capital deposit will aim to build on the project’s maiden resource of 11.12 million tonnes grading 1.45 grams per tonne for 518,000 ounces of gold. The […]
BMG Resources’ Dragon project looking to harness West Arunta’s emerging niobium-REE district
BMG Resources (ASX: BMG) has announced promising results from an ongoing review of historical exploration data for the Dragon niobium-rare earth elements project in Western Australia’s emerging West Arunta region. Government-generated geophysical surveys and exploration reports by historical and current explorers have been used to identify several coincident structural and magnetic features with similarities to […]
BMG Resources strikes pegmatites in Coolgardie region with first drill program
Gold-lithium focused explorer BMG Resources (ASX: BMG) has confirmed pegmatite intercepts in multiple holes at its Bullabulling project located near Coolgardie in Western Australia. BMG Resources in February took an option from an unlisted company to acquire 100% of the project, the option expiring in mid-June. The project lies adjacent to, and along strike from, […]
Gold’s divided market, sliding majors and rising juniors
Most of the big names in Australian gold mining have had a rough ride recently as the gold price has struggled to reclaim last year’s all-time high, but it’s a different story at the small end of the game where exploration success is the key to share price movement. The difference between producers and explorers […]
BMG Resources raises funds for transformational move into gold exploration
BMG Resources (ASX: BMG) has lined up three new Western Australian projects that will transform the company into a gold explorer after giving up its battery minerals ambitions. The company today emerged from a trading halt to announce it has signed a binding deal to acquire all of the shares in Oracle Mining, which holds […]
BMG Resources anticipates lithium brine assays from Pajonales next month
BMG Resources (ASX: BMG) has struck brine during initial shallow pit sampling at its Pajonales lithium brine project in northern Chile, which is held under joint venture with Lithium Chile SpA. Pit sampling at Pajonales has confirmed brine is present 0.7m below the salar’s surface, which is 3,540m above sea level. The samples have been […]
BMG Resources commences Salar West lithium brine drill campaign in Chile
Battery minerals explorer BMG Resources (ASX: BMG) has kicked off a two-hole drilling program at its Salar West lithium brine project in the Chilean region of South America’s ‘Lithium Triangle’. This maiden drilling program has been in the works since April to test strong lithium brine targets identified in recent transient electromagnetic (TEM) geophysical surveys. […]
Lithium production won’t be able to keep up with longer-term demand
While gold has lured investors from battery metals in the short-term, lithium producers and explorers alike are pointing out current glut fearmongering in the lithium space does not account for longer-term demand, which will be driven by increasing adoption of electric vehicles and energy storage. Lithium Australia (ASX: LIT) managing director Adrian Griffin told Small […]
