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The latest update is out from Ballymore Resources Limited ( (AU:BMR) ).
Ballymore Resources Limited has secured two Collaborative Exploration Initiative grants totaling $400,000 from the Queensland State Government to advance its exploration efforts in the Dittmer Project area. This funding will support the drilling of a deep diamond drill hole and an IP survey, targeting porphyry copper systems. The grants are a testament to the strategic importance of the Dittmer Project as a critical minerals field and will enable Ballymore to accelerate its exploration activities, potentially leading to significant discoveries of copper-gold-critical mineral systems.
More about Ballymore Resources Limited
Ballymore Resources Limited operates in the mining industry, focusing primarily on the exploration and development of critical and strategic mineral projects. The company is engaged in discovering copper, gold, silver, and other critical minerals such as bismuth, molybdenum, and tungsten, with a market focus on mineral-rich areas in North Queensland, Australia.
Average Trading Volume: 268,011
Technical Sentiment Signal: Buy
Current Market Cap: A$27.39M
Learn more about BMR stock on TipRanks’ Stock Analysis page.