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Ballymore Resources Limited (ASX:BMR)

ALERT: Price-sensitive ASX Announcement for BMR
Current share price for BMR : $0.145 0.01 (7.41%)+
Announcement
Release
7 Jul 2026 9:55AM
Price at Release
$0.135
Full Release
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Summary
Ballymore Resources Limited is undertaking a Magnetotelluric (MT) survey at the Dittmer Project in Queensland, Australia, aiming to identify a potential porphyry copper-gold system beneath the historic Dittmer gold mine. The initiative is supported by the Queensland Government’s Collaborative Exploration Initiative, providing grants for the exploration. The MT survey is designed to gather deeper resistivity data than conventional methods, which will be integrated with existing geological datasets to refine future drilling targets. Previous drilling provided geological evidence suggesting proximity to a concealed hydrothermal system, though it did not penetrate the core. This exploration aligns with Ballymore's dual focus on advancing high-grade gold and large-scale copper-gold opportunities at Dittmer.
Key Points
  • Ballymore Resources Limited commenced a deep-penetrating ground Magnetotelluric (MT) survey over the Dittmer Project.
  • The MT survey targets a potential porphyry copper-gold system beneath the historic Dittmer gold mine.
  • Previous drilling indicated geological signs of a porphyry system, but did not intersect the expected core.
  • The Queensland Government’s Collaborative Exploration Initiative (CEI) funds part of the survey with grants to Ballymore.
  • The MT survey aims to provide a deeper resistivity dataset, aiding in the ranking of future drill targets.
  • Initial results showed alteration, intrusive features, and hydrothermal brecciation, suggesting proximity to a hydrothermal system.
  • The project aligns with Ballymore’s strategy to evaluate both high-grade gold resource and potential large-scale copper-gold systems.
  • The MT survey, combined with other geological data, will help refine targets for future exploration drilling.
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.