The maiden MRE for Abercromby is 11.12Mt @ 1.45 g/t Au for 518,000 oz Au. This resource is a subset of a global resource estimate containing about 670,000 oz Au at a 0g/t Au lower cut-off.
Significantly, the MRE includes high-grade zones with an attractive 4.6Mt @ 2.4 g/t Au for 360,000 oz Au (cut-off of 1.2 g/t).
With gold price soaring to record high, BMG’s gold project now looks undervalued.
Upcoming Lithium exploration has extra potential as well.
