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Ballymore Resources Limited ( (AU:BMR) ) has shared an update.
Ballymore Resources Limited has identified significant polymetallic targets at its Maniopota prospect within the Ruddygore Project in North Queensland, following a detailed heli-borne electromagnetic survey. The survey, funded by a $300,000 grant from the Queensland State Government, revealed numerous strong conductors and high-grade mineralization, including gold, copper, lead, zinc, and silver. This marks the first modern geophysical assessment of the area in over 50 years, and Ballymore is planning further exploration and drilling in 2025 to test these promising targets, potentially enhancing its industry positioning and offering new opportunities for stakeholders.
More about Ballymore Resources Limited
Ballymore Resources Limited operates in the mining industry, focusing on exploration and development of mineral resources. The company is primarily involved in identifying and developing polymetallic deposits, with a market focus on high-grade gold and base metal mineralization.
Average Trading Volume: 198,465
Technical Sentiment Signal: Buy
Current Market Cap: A$30.93M
Learn more about BMR stock on TipRanks’ Stock Analysis page.