BMG Resources Limited advised that the diamond drilling (DD) (2,613m) and aircore drilling (AC) (approx. 10,300m) programs at the Company's 100% owned Abercromby Gold Project in the Wiluna greenstone belt of WA have been completed. About 2,600m of DD was completed at the Capital Prospect within Abercromby across 10 holes, including five tails in order to complete previous reverse circulation drilling that didn't reach target depth, and deeper holes targeting high-grade depth and strike extensions.

This completes the 6,700m of RC/DD drilling program that was aimed at testing the mineralised zones at Capital, deeper extensions of the high-grade orebody, and step-out extensions along strike. BMG has also completed about 10,300m of AC drilling across 130 holes at Abercromby, targeting high priority structures identified through the sub-audio magnetic geophysical survey (SAM survey), which was completed in December last year. Diamond Drilling; This DD program completes ~6,700m of RC/DD aimed at testing the mineralised zones at Capital, deeper extensions of the high-grade orebody, and step-out extensions along strike.

The DD completed five RC holes (including one hole from the 2020 drill program) that were terminated early due to water ingress. In addition, five DD holes tested the down dip and deeper continuity of the known mineralisation up to 500m below surface. Areas tested by the drilling included the zones of thick, high-grade mineralisation already identified at deeper levels, where significant intersections from BMG's previous drilling has included: 26m @ 6.07g/t Au from 192m including 7m @ 21.22g/t Au from 192m (20ABRC0004); 37m @ 1.70g/t Au from 127m including 3m @ 15.29g/t Au from 157m (20ABRC0008); 37m @ 2.58g/t Au from 144m including 8m @ 8.1g/t Au from 173m (20ABRC0010); 36m @ 1.30g/t from 232m including 8m @ 2.94g/t from 252m (21ABRC004).

DD assay results are not yet available and geological logging is continuing. However, encouragingly, DD intersected wide intervals of quartz-carbonate veining +/- pyrite (1 to 10% as disseminations and stringers) at anticipated lode positions. Poor drill productivity has extended the time taken to complete the work; however, all samples have now been processed and submitted for assay.

All holes were completed to planned depths (or greater where favourable geology and/or alteration justified extension) except for 21ABDD004, which was terminated at 356.6m (planned depth 650m) due to a broken and irretrievable rod string. Aircore Drilling: The major AC program (130 holes for 10,312m) was completed to the south of Capital. The drilling tested the significant prospective strike potential between Capital and the previously defined Barrack /Archer prospects, as well as, testing a multitude of grass roots targets generated by the SAM survey completed in December 2021.

Many of these are walk up targets based on their analogous features to the structural settings of known mineralisation centres at Capital and Capital North. Access to planned hole locations was, for the most part, easy; however, six planned holes were unable to be completed due to boggy ground at the drill sites.