BMG Secures Option for Niobium-REE Project in West Arunta

BMG Resources Limited (ASX: BMG) has obtained a binding option to acquire a 90% stake in three exploration licenses, including one granted and two pending, in Western Australia's West Arunta region. These licenses, named the Dragon Niobium-REE Project, cover 1,470 sq km, strategically situated near significant discoveries by WA1 Resources and Rio Tinto.

The region is recognized for its potential in niobium and rare earth elements (REE). BMG aims to explore for mineralized carbonatites, identified through gravity and magnetic features. The move aligns with the rising demand for critical metals. The project's location and size present a unique opportunity for BMG to establish a dominant presence in the region. Niobium, crucial for clean energy and technology, offers BMG entry into high-growth markets, particularly in lithium-ion battery technology.

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