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Mining industry

Ballard Mining Limited Provides Update on Exploration and Drilling Programs at Mt Ida Gold Project

Strategic Insights

— 1 min read

The Mt Ida Gold Project, located in Western Australia, is a significant mineral prospect with a JORC 2012-compliant Mineral Resource Estimate totalling 10.3 million tonnes @ 3.3 g/t Au for 1.1 million ounces of contained gold. The project has undergone an initial public offering and ASX listing, and the company has recently provided an update on its exploration and drilling programs. A 50,000m exploration program is underway, targeting highly prospective and underexplored zones along the 26km strike of both the Baldock Thrust and the Ballard Fault. An 80,000m infill drilling program is also in progress to increase resource confidence at Baldock.

Key Takeaways:

  • The Mt Ida Gold Project hosts a JORC 2012-compliant Mineral Resource Estimate of 10.3 million tonnes @ 3.3 g/t Au for 1.1 million ounces of contained gold.
  • The project has significant exploration potential, with a 50,000m exploration program underway to target highly prospective and underexplored zones along the Baldock Thrust and the Ballard Fault.
  • An 80,000m infill drilling program is in progress to increase resource confidence at Baldock, with the aim of upgrading the Resource classification from Inferred to Indicated categories.
  • The project has six granted mining leases, with approvals in place for both open pit and underground mining at the Baldock deposit.
  • The Company has submitted a Works Approval application for up to 1.5Mtpa Processing and Tails Storage and plans to commence DFS level metallurgical and geotechnical studies.

Statistics:

  • 10.3 million tonnes @ 3.3 g/t Au for 1.1 million ounces of contained gold in the JORC 2012-compliant Mineral Resource Estimate.
  • 26km of prospective greenstone belt at the Mt Ida Gold Project.
  • 50,000m exploration program underway.
  • 80,000m infill drilling program in progress.
  • Six granted mining leases covering the project.
  • Up to 1.5Mtpa Processing and Tails Storage.

Sources:

  • Ballard Mining Limited. 2025. News Release. (ASX:BM1)

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