BMG Resources Limited has a free carried minority interest in the Treasure Project in Cyprus, which is highly prospective for base (copper, nickel, zinc, cobalt) and precious (gold, silver) metals in the Troodos Mountains of the Republic of Cyprus, where copper has been mined for over 4000 years. The Treasure Project comprises 08 licences in four (4) separate areas (Black Pine, Kalavassos, Kambia, Vrechia) for a total of ~26.76 km2. The licences include numerous known prospects and abandoned mines. The Treasure Project is operated and maintained by majority shareholder New Cyprus Copper Company Limited.