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Home / Gold / BMG Resources Annual Report 2021

BMG Resources

  • ASX: BMG
    • Au

BMG Resources Annual Report 2021

  • 1 October

Western Australian gold explorer BMG Resources (ASX: BMG) has published annual report for the year to 30 June 2021. BMG kicked off the year with the acquisition of Oracle Mining and its three WA gold projects – Abercromby, Invincible and South Boddington – and has focussed its exploration efforts on the cornerstone asset, the Abercromby gold project in the Wiluna district.

Key outcomes included:

  • $4 million capital raising comprising a $3 million placement and $1 million share purchase plan
  • Transformational strategic acquisition of the Abercromby, Invincible and South Boddington gold projects through the purchase of Oracle Mining
  • 3,000m maiden RC and diamond drilling program at the Abercromby Gold Project
  • Aeromagnetic and radiometric survey at the Invincible Gold Project
  • Identification of multiple high-priority targets at both Abercromby and Invincible gold projects
View full announcement

Peter Klinger

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