Ballard Mining Says Resource Conversion Drilling at Western Australia Project Improves Quality of Mineral Resource, Shares Fall 9%

MT Newswires Live

Nov 18, 2025

Ballard Mining (ASX:BM1) said its resource conversion drilling program at the Mt Ida gold project in Western Australia improved the drill density and quality of the high-grade Baldock deposit mineral resource estimate, according to a Tuesday Australian bourse filing.

It encountered intercepts of three meters at 64.2 grams per tonne grade of gold from 277 meters, as well as 1.7 meters at 71 g/t gold from 398 meters.

The program is on track for completion in early December, with 83% of planned drilling completed with 407 holes and 71,311 meters drilled. The increased drilling density of 20 meters-by-20 meters will allow a substantial portion of the inferred resource to be upgraded to an indicated resource and support a maiden ore reserve planned for mid-2026, Managing Director Paul Brennan said.

Its shares fell 9% in recent trading on Tuesday.

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The increased drilling density of 20 meters-by-20 meters will allow a substantial portion of the inferred resource to be upgraded to an indicated resource and support a maiden ore reserve planned for mid-2026, Managing Director Paul Brennan said.</p><p>Its shares fell 9% in recent trading on Tuesday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7104","symbol_name":"黄金","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2584000766","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2584000766","pubTimestamp":1763441012,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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