BMG Resources is the 100% owner of four highly prospective Western Australian exploration projects in Tier 1 and emerging gold and lithium jurisdictions – Abercromby, Invincible, Bullabulling and South Boddington.
BMG’s cornerstone asset, the Abercromby Gold Project, is a high-grade discovery in the Agnew-Wiluna Greenstone Belt – one of Australia’s most productive gold regions (+40Moz).
Abercromby is bordered by major gold deposits including Jundee and Wiluna, and located close to existing infrastructure including operating plants. BMG's dual exploration strategy involves resource development and expansion at the Capital Prospect – 11.1Mt @ 1.45g/t for 518Koz Au Mineral Resource – and regional exploration to the south of Capital where a pipeline of targets have been identified for further work.
The Invincible Project is located in the emerging Central Pilbara gold and lithium district, and is immediately along strike from, and hosted by the same stratigraphy as, Calidus Resources’ Warrawoona mine. 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 Bullabulling Project is located in the Coolgardie gold and lithium region. Major lithium mines and projects in the region include the Mt Marion mine (71.3Mt @ 1.37% Li20) and the Pioneer Dome deposit (11.2Mt @ 1.21% Li20) of Essential Minerals. First RC drilling at the project confirmed LCT pegmatites, and a pipeline of targets for follow-up drilling.
The South Boddington Gold Project is located within the Saddleback Greenstone Belt and along strike to Newmont Goldcorp’s giant Boddington Gold Mine. The Project comprises five 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 an underexplored, world-class gold mining region.
BMG also owns a 10% interest in the Treasure Project in Cyprus which is highly prospective for copper, gold, nickel and cobalt.