Australia's BMG Resources gains on 'high gold recovery' at WA project

WA Gold

06/02/2023 03:34

** Shares of BMG Resources Ltd  BMG.AX  rise as much as
13.3% to A$0.017 - on track for best day since Jan. 17, if gains
hold
    ** Mineral explorer says metallurgical test confirms free
milling status, meaning "high gold recoveries" at Abercromby
Project in Western Australian
    ** Co says results confirm high overall gold recoveries (93%
to 95%) and low residue grades
    ** BMG hits its highest level since Jan. 24, 2021
    ** Stock unchanged this year, as of last close
 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))