BMG Resources has reinforced its confidence in a significant gold system at the Abercromby gold project located in Western Australia’s Mid West region. This follows the completion of the first phase of a diamond drilling program, which yielded promising results that support the company’s exploration model and indicate potential for future resource growth.
The recent drilling efforts specifically targeted the southern extensions of the Abercromby project’s Capital Deposit. Results included notable intercepts such as 46.34 metres at 0.38 grams per tonne (g/t) gold from 116 meters in hole 24ABDD003, 8 meters at 1.27 g/t from 304 meters in hole 24ABDD002, and 1 meter at 9.17 g/t from 404 meters in hole 24ABDD001. While these hits are narrower than previous high-grade intercepts, they support the interpretation of a larger mineralized system that remains open in multiple directions.
Earlier drilling phases at Abercromby revealed much higher grades and thicker intervals, with results such as 77 meters at 2.66 g/t, 26 meters at 6.07 g/t, and 10 meters at 11.71 g/t. The maiden mineral resource estimate for Abercromby stands at 11.12 million tonnes grading 1.45 g/t gold, translating to approximately 518,000 ounces. BMG Resources views this as merely the beginning, noting that only 1.2 kilometres of the 6-kilometre strike length has been systematically drilled.
Project Development and Strategic Partnerships
The Abercromby project is situated on a granted mining lease and features free-milling gold, achieving recovery rates of up to 95 percent through carbon-in-leach processing. A recent memorandum of understanding signed with Wiluna Mining Corporation for toll treatment of ore at the nearby Matilda processing plant further enhances the project’s development prospects.
Scoping studies are currently underway to assess the optimal mining strategy, with a focus on a low-capex, fast-tracked production scenario. This strategic planning is likely to attract further interest from investors and stakeholders in the mining sector.
In addition to Abercromby, BMG is actively drilling at its Bullabulling gold project near Coolgardie. The project is targeting several shallow, high-grade intercepts, including 2 meters at 18.1 g/t, 4 meters at 10.12 g/t, and 12 meters at 2.3 g/t gold. The Bullabulling tenure is adjacent to a significant gold resource now held by Tim Goyder’s Minerals 260 Limited, which recently acquired the site for $166.5 million.
Exploring New Opportunities
BMG Resources is also making strides at its Dragon project, located in the West Arunta region near the Northern Territory border. This area has gained attention due to the world-class niobium discovery by WA1 Resources. BMG’s landholding spans 1,470 square kilometres and showcases multiple targets with coincident structural, magnetic, and gravity features that resemble known mineralized carbonatites in the region.
As global demand for critical minerals such as niobium and rare earths continues to grow, the Dragon project positions BMG favorably to capitalize on the ongoing shift toward energy transition and supply chain diversification. With an expanding gold system at Abercromby, BMG Resources appears poised for significant developments in the near future, making it a company to watch in the competitive mining landscape.
