BMG Strengthens Balance Sheet to Accelerate Gold Drilling Across WA Portfolio
BMG Resources Limited (ASX: BMG) has secured firm commitments to raise AU$2.50 million through a placement priced at AU$0.021 per share, supported by cornerstone investor Tribeca Investment Partners alongside European strategic investors. The funding will enable a significantly expanded 10,000 metre drilling campaign at the Abercromby Gold Project, where a maiden Mineral Resource of 518,000 ounces of gold has already been established and remains open in multiple directions. Capital will also be directed toward advancing exploration at BMG’s wholly owned Bullabulling Gold Project, which adjoins Mi6’s 4.5 million ounce Bullabulling Gold Mine. Alongside these developments, BMG has named Ben Pollard as Chief Executive Officer, with his appointment taking effect from 1 February 2026, adding significant experience in Western Australian gold project development to the leadership team. In addition, a scoping study evaluating a low upfront capital and fast payback mining scenario at Abercromby is expected to be finalised in the first quarter of calendar year 2026.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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BMG Strengthens Balance Sheet to Accelerate Gold Drilling Across WA Portfolio
BMG Resources Limited (ASX: BMG) has secured firm commitments to raise AU$2.50 million through a placement priced at AU$0.021 per share, supported by cornerstone investor Tribeca Investment Partners alongside European strategic investors. The funding will enable a significantly expanded 10,000 metre drilling campaign at the Abercromby Gold Project, where a maiden Mineral Resource of 518,000 ounces of gold has already been established and remains open in multiple directions. Capital will also be directed toward advancing exploration at BMG’s wholly owned Bullabulling Gold Project, which adjoins Mi6’s 4.5 million ounce Bullabulling Gold Mine. Alongside these developments, BMG has named Ben Pollard as Chief Executive Officer, with his appointment taking effect from 1 February 2026, adding significant experience in Western Australian gold project development to the leadership team. In addition, a scoping study evaluating a low upfront capital and fast payback mining scenario at Abercromby is expected to be finalised in the first quarter of calendar year 2026.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au