BMG Resources is the 100% owner of three highly prospective gold exploration projects in Tier 1 Western Australian mining jurisdictions – Abercromby, Invincible and South Boddington. These three projects underpin BMG’s strategy of unlocking shareholder value through the delivery of low-cost gold ounces.
BMG’s flagship Abercromby Gold Project is a high-grade discovery in the Wiluna district - one of Australia’s most productive gold-producing regions. Abercromby is surrounded by major gold deposits including Jundee and Wiluna, and close existing infrastructure including operating plants.
The Invincible Gold Project is located in the exciting Central Pilbara gold district, and is immediately along strike from, and hosted by the same stratigraphy as, Calidus Resources’ Warrawoona gold project. BMG believes the high-grade historic artisanal workings and the lack of systematic modern exploration at Invincible provides an outstanding opportunity for a new high-grade discovery.
The South Boddington Project is located within the Saddleback Greenstone Belt and along strike to Newmont Goldcorp’s giant Boddington Gold Mine. The Project comprises two exploration licences (under application), which are interpreted to host similar stratigraphy to the Boddington gold mine. Major gold deposits are typically situated within gold camps that host multiple deposits and BMG believes this presents an outstanding opportunity to make a significant gold discovery in this underexplored world-class gold mining region.
BMG also owns a 30% interest in the Treasure Project in Cyprus, which is highly prospective for copper, gold, nickel and cobalt.
The Treasure Project comprises nine exploration licences covering a total geographical area of 31.56km2.
The Treasure Project’s operator, New Cyprus Copper Company Limited, is the majority shareholder and is responsible for maintaining and progressing the project.
Location of BMG (Oracle) WA Gold Projects
*subject to shareholder approval at EGM, 5th October 2020