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2026-11-06
◂ Monitor BM1 ASX

Ballard Mining Limited

Resource Stage · Gold · AU Rating locked: sign in to view v8.1 · bm1-20261104t223118-full
Last 2026-11-06
A$0.61
1D
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1M
—
YTD
—
1Y
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Upside
Locked: sign in to view
Mkt cap
A$319.1M
EV
A$231.8M
Cash
A$44.1M
Debt
A$0
1 newer ASX announcement not yet reflected in this valuation

Portfolio detail

Assets

1 assets

Core asset

Mt Ida gold project (Baldock cornerstone, regional deposits)

AU

Resource Stage100% ownedGold

Fully permitted for open pit and underground mining at Baldock (Mining Proposal, Mine Closure Plan, native vegetation permit); DWER works approval for a 2.0 Mtpa plant and TSF; 3.7 GL/yr water licence. No study or Ore Reserve yet; FS with maiden Ore Reserve and FID targeted mid-CY2027.

Resource / scoping · Resource stage
Contained metal (attributable)
1.8m ozd
Resource grade
2.80 g/t
% Measured + Indicated
35.2%d
Resource tonnes
20.38 Mt
Our value per attrib. contained unit
Locked
Mining method
open pit and underground

Project location

Site imagery

Sentinel-2 · 10 m
Loading location…

© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.

Resources & reserves3
TypeCategoryQuantityGradeContained mineralsDate
Mineral Resourcetotal (Indicated plus Inferred)20.4 Mt2.8 g/t Au (1.836 Moz contained)Gold2026-09-23
Mineral Resourceindicated5.1 Mt3.9 g/t Au (647 koz contained)Gold2026-09-23
Mineral Resourceinferred15.2 Mt2.4 g/t Au (1,189 koz contained)Gold2026-09-23
Tenements4
e29-0640Granted— None · No expiry supplied
m29-0459Granted— None · No expiry supplied
m29-0458Granted— None · No expiry supplied
l29-229Granted— None · No expiry supplied
Milestones4
  1. Public road diversion works (contract awarded; completion expected in the December 2026 quarter)

    Pending · Low materiality

  2. Feasibility Study with maiden Ore Reserve (mid-CY2027)

    Pending · High materiality

  3. Final investment decision (mid-CY2027, subject to FS and funding)

    Pending · High materiality

  4. Mining lease applications for Neptune and Pluto deposits

    Pending · Low materiality

Permits & approvals3
PermitJurisdictionStatusExpiryCritical path
Approved Mining Proposal, Mine Closure Plan and native vegetation clearing permit (Baldock)Western AustraliaGranted—No
Works Approval for up to 2.0 Mtpa processing and tailings storage facility (DWER)Western AustraliaGranted—Yes
Water abstraction licence 3.7 GL/yr (2.5 GL/yr Lake Raeside paleochannel plus 1.2 GL/yr Baldock dewatering)Western AustraliaGranted—Yes

d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)