May 25 (Reuters) - BMG Resources Ltd BMG.AX :
* BMG RESOURCES - HAS TAKEN STEPS TO TERMINATE CHILEAN LITHIUM JV
* BMG RESOURCES- FOLLOWS REVIEW BY CO OF ONGOING JV OPERATIONS & A DETERMINATION THAT CO'S RESOURCES ARE BETTER DEPLOYED ELSEWHERE
* BMG RESOURCES - HAD NOT EARNED AN INTEREST IN JV PROPERTIES AT TIME OF TERMINATION
* BMG RESOURCES - STILL RETAINS ITS INTEREST IN TREASURE PROJECT IN CYPRUS (CU-AU-CO-NI), ACTIVELY SEEKING NEW PROJECT OPPORTUNITIES