InvestSMART

Ballard Mining Limited (ASX:BM1)

ALERT: Price-sensitive ASX Announcement for BM1
Current share price for BM1 : $0.790 0.185 (30.58%)+
Announcement
Release
27 Jul 2026 8:29AM
Price at Release
$0.605
Full Release
download
Summary
Ballard Mining Limited has reported its best ever gold intercept at the West Knell prospect within the Mt Ida Gold Project, which is situated northeast of Perth in Western Australia. The recent drilling at West Knell intersected 9 meters at 27.1 g/t gold, marking a significant milestone for the company. This result contributes to the confidence that the 13km Ballard Fault Zone could evolve into a multi-million-ounce gold district. The Mt Ida project, which is already known for its high-grade gold resources, also hosts other significant prospects like Baldock, Kestrel, and Golden Vale. Ongoing drilling efforts aim to expand the mineralization further north and at depth, and an updated Mineral Resource Estimate is expected later in the year. The company anticipates the grant of a mining lease for West Knell shortly, which will aid in its strategy to independently operate the Mt Ida Project.
Key Points
  • Ballard Mining's best ever drill intercept at West Knell: 9m at 27.1 g/t gold.
  • West Knell is part of the 13km Ballard Fault Zone within Mt Ida Gold Project.
  • The project is located in Western Australia's Goldfields Region.
  • Current focus on Resource Growth and Project Development at Mt Ida.
  • The updated Mineral Resource Estimate for Mt Ida is expected by the end of the current quarter.
  • Mt Ida hosts several prospective gold deposits, including Baldock, Kestrel, and Golden Vale.
  • Anticipated grant of mining lease for West Knell could support standalone gold operation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.