Ballard Mining (ASX:BM1) reported a cash balance of AU$61.8 million as of the end of June, leaving it "well funded" to continue drill programs and development at its Mt Ida gold project in Western Australia, according to a Tuesday filing with the Australian bourse.

The company ended the March quarter with a cash balance of AU$75.6 million, a previous filing showed.

Ballard said it is advancing multiple project de-risking workstreams to completion, including feasibility-level metallurgical and geotechnical studies.