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Ballard Mining Limited ( (AU:BM1) ) has shared an announcement.
Ballard Mining has completed the 86,000-metre Phase 1 infill drilling program at its Baldock gold deposit, reporting multiple high-grade and broad gold intersections across the northern, central and southern zones that confirm the tenor and continuity of mineralisation. The results are expected to support upgrading a substantial portion of the Baldock Mineral Resource from Inferred to Indicated, underpin a targeted 400–500koz maiden Ore Reserve by mid-2026, and provide the basis for a 5–6 year reserve life, while planned extensional drilling in 2026 aims to grow resources at depth and build visibility toward an 8–10 year mine life at Mt Ida.
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 (ASX: BM1) is a gold exploration and development company focused on the Mt Ida Gold Project in Western Australia’s Goldfields region, where it controls 26km of prospective greenstone belt surrounding the Copperfield Granite. The company’s key asset is the Baldock gold deposit, where it is pursuing resource conversion and growth to underpin a long-life mining operation.
Average Trading Volume: 951,416
Technical Sentiment Signal: Strong Buy
Learn more about BM1 stock on TipRanks’ Stock Analysis page.