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The latest update is out from Ballymore Resources Limited ( (AU:BMR) ).
Ballymore Resources has initiated an induced polarisation (IP) geophysical survey at the Andromache prospect, part of its Dittmer Project in North Queensland. This survey aims to explore the copper potential of the area, which was historically recognized for its porphyry copper deposits but has seen little modern exploration. Supported by a $150,000 grant, the survey will help delineate copper-bearing sulphides at depth, potentially confirming Andromache as a significant mineralized system. This development could enhance Ballymore’s position in the mining industry by tapping into underexplored resources, potentially benefiting stakeholders through expanded resource estimates and future mining opportunities.
More about Ballymore Resources Limited
Ballymore Resources Limited operates in the mining industry, focusing on the exploration and development of copper, gold, and other base and critical minerals. The company is particularly active in North Queensland, where it is exploring the Dittmer Project area, a region with a history of significant mining activity.
Average Trading Volume: 197,422
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$27.39M
For detailed information about BMR stock, go to TipRanks’ Stock Analysis page.