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Ballymore Resources Limited (ASX:BMR)

ALERT: Price-sensitive ASX Announcement for BMR
Current share price for BMR : $0.130 0.02 (18.18%)+
Announcement
Release
30 Jul 2026 5:04PM
Price at Release
$0.110
Full Release
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Summary
For the quarter ended 30 June 2026, Ballymore Resources Limited reported significant developments across their Queensland projects. The Dittmer Project continues its underground advancement to enhance access for resource definition, aiming to reopen the historic Dittmer Mine. Drilling at the Seventy Mile Mount within the Ravenswood Project confirmed broad shallow gold intersections. The Torpy's project saw additional drilling, identifying new mineralized zones, while a deep MT survey was initiated to explore potential concealed copper-gold systems. The company held $4.44 million in cash, bolstered by a capital raising initiative totaling $5.2 million, supporting ongoing exploration and development activities.
Key Points
  • Dittmer underground development progressed with improved access.
  • Seventy Mile Mount drilling reported broad shallow gold intersections.
  • Drilling at Torpy's expanded the discovery footprint with new mineralized zones.
  • Initiated a deep ground MT survey targeting concealed copper-gold systems.
  • Held $4.44 million in cash at the end of the quarter.
  • Raised $5.2 million through an entitlement offer and additional placement.
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.