BMG Resources: Acquires Bullabulling project, WA

BMG Resources Acquires Bullabulling project, WA

• BMG Resources (BMG) agrees to acquire the Bullabulling project in Western Australia for a mix of cash and scrip
• The project covers an area of 185 square kilometres and contains “highly-prospective” lithium and gold targets
• Surrounding major lithium mines and projects include Mineral Resources’ (MIN) Mt Marion mine and Essential Minerals’ (ESS) Pioneer Dome deposit
• BMG will conduct groundwork to determine the potential for economic LCT pegmatite mineralisation and lay the groundwork for more extensive exploration
• Shares in BMG are up 7.14 per cent, trading at 1.5 cents at 1:25 pm AEDT