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Ballard Mining Limited ( (AU:BM1) ) has shared an update.
Ballard Mining Limited has announced significant progress in its infill drilling program at the Baldock gold deposit within the Mt Ida Gold Project. The latest results, which include high-grade gold intersections, are aimed at converting inferred resources to indicated resources and potentially increasing the overall size of the mineral resource. The program is 60% complete, and the company is targeting a Maiden Reserve by mid-next year, which is expected to support an initial 5-6 year mine life. These developments could enhance Ballard’s industry positioning by confirming and expanding its resource base, offering promising implications for stakeholders.
The most recent analyst rating on (AU:BM1) stock is a Buy with a A$0.80 price target. To see the full list of analyst forecasts on Ballard Mining Limited stock, see the AU:BM1 Stock Forecast page.
More about Ballard Mining Limited
Ballard Mining Limited (ASX: BM1) is a mining company focused on the exploration and development of gold resources. The company is currently advancing its Mt Ida Gold Project, located in the Goldfields region of Western Australia, which covers a significant greenstone belt known for its mineral potential.
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For an in-depth examination of BM1 stock, go to TipRanks’ Overview page.