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BMG Resources Limited (ASX:BMG)

ALERT: Price-sensitive ASX Announcement for BMG
Current share price for BMG : $0.035 0.019 (118.75%)+
Announcement
Release
31 Oct 2025 5:18PM
Price at Release
$0.016
Full Release
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Summary
In the quarterly report ending 30 September 2025, BMG Resources Limited outlines its financial activities and exploration projects. The Abercromby Gold Project, wholly owned by BMG, shows promising results with a total inferred and indicated resource of 518,000 ounces of gold. Significant exploration advancements were made at the Bullabulling Gold Project, where high-grade gold was intersected at multiple prospects, notably Poolmans and Peaches. Financially, BMG raised $600,000 through the issuance of equity securities, incurring a net cash outflow from investing activities primarily due to exploration and evaluation expenses. The company ended the quarter with $384,000 in cash and equivalents, projecting less than one quarter of funding available without additional financing. Related party payments amounted to $36,415 for director fees and associated costs.
Key Points
  • The Abercromby Gold Project reports a total inferred and indicated resource of 518,000 ounces of gold.
  • BMG completed a successful gold drill program at Bullabulling, intersecting high-grade gold at Poolmans and Peaches.
  • Financially, a $600,000 capital was raised through equity securities.
  • Net cash outflow from investing activities was primarily due to exploration and evaluation expenses.
  • Cash and cash equivalents at the end of the quarter stood at $384,000.
  • Projected funding available is less than one quarter without additional financing.
  • Related party transactions included $36,415 in director fees and associated costs.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.