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Ballard Mining Limited ( (AU:BM1) ) just unveiled an announcement.
Ballard Mining Limited has announced significant progress in its Phase 1 Infill drilling program at the Baldock site within the Mt Ida Gold Project. The program, which is 83% complete, has yielded high-grade gold assay results, enhancing the quality and density of the existing Mineral Resource Estimate. The completion of this program is expected by December, with the aim of upgrading a substantial portion of the Inferred resource to an Indicated resource, supporting a maiden Ore Reserve planned for mid-2026. The ongoing geotechnical and metallurgical evaluations are crucial for quantifying Mineral Reserves, which will bolster Ballard’s position in the gold mining sector.
The most recent analyst rating on (AU:BM1) stock is a Buy with a A$1.05 price target. To see the full list of analyst forecasts on Ballard Mining Limited stock, see the AU:BM1 Stock Forecast page.
More about Ballard Mining Limited
Ballard Mining Limited is a company operating in the mining industry, primarily focusing on gold exploration and resource development. The company is engaged in the Mt Ida Gold Project located in the Goldfields region of Western Australia, which covers a significant area of prospective greenstone belt.
Average Trading Volume: 957,250
Technical Sentiment Signal: Strong Buy
For detailed information about BM1 stock, go to TipRanks’ Stock Analysis page.