- Last 2026-11-06
- A$0.61
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- 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
- Application for quotation of securities - BM1Post Cash Checkpoint Security Event
Investment view
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Sign in or enter a guest codeAnnouncements
Latest 12 of 15All sources ▸- Application for quotation of securities (4 Nov 2026)Corporate Action
- September 2026 Quarterly Activities Report and Appendix 5BResults
- Application for quotation of securities (23 Oct 2026)Corporate Action
- Change in substantial holding - Delta Lithium (20 Oct 2026)Corporate Action
- Becoming a substantial holder - L1 Capital (20 Oct 2026)Corporate Action
- Change in substantial holding - Mineral Resources (21 Oct 2026)Corporate Action
- Change in substantial holding - HPPL group (21 Oct 2026)Corporate Action
- Application for quotation of securities (16 Oct 2026)Financing
- Successful $45.0M placement and SPP (12 Oct 2026)Financing
- Capital Raising Presentation (8 Oct 2026)Presentation
- Date of AGM and closing date for director nominations (2 Oct 2026)Governance
- Application for quotation of securities (1 Oct 2026)Corporate Action
Event calendar · next 12 months
9 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| December 2026 quarter | Public road diversion completed (contract awarded; works expected in the December 2026 quarter) | Construction Or Commissioning | Company Guided | Medium | Early works ahead of FID; a slip is a schedule signal, not a value event. |
| 9 November 2026 | Share purchase plan closes (up to A$5.0m at A$0.66, not underwritten) | Financing | Confirmed | Medium | Determines whether A$5m of the A$94.1m pro-forma cash is raised; a scale-back or shortfall changes the runway by about one quarter. |
| 27 November 2026, 10am WST | 2026 annual general meeting (director elections) | Governance | Confirmed | Medium | Director elections and remuneration votes; the 2025 AGM passed all resolutions on a poll. |
| late January 2027 | December 2026 quarterly activities report and Appendix 5B | Results | Inferred | Medium | First quarter with the placement proceeds; shows the burn of the accelerated pre-FID programme and the drilling results. |
| February 2027 | Half-year report to 31 December 2026 | Results | Inferred | Medium | Half-year accounts and the first half-year cash bridge after the October raisings. |
| mid-CY2027 | Final investment decision on the Mt Ida development (mid-CY2027) | Corporate Action | Company Guided | High | Decision point for construction funding (capex well above the pro-forma cash), with dilution risk if equity is raised below the fair value. |
| mid-CY2027 | Feasibility Study and maiden Ore Reserve (mid-CY2027) | Study | Company Guided | High | First economic study and first Ore Reserve: capex, mine plan, recoveries and the operating cost base become observable. A slip or an Ore Reserve well below the resource is the main falsifier. |
| no date given | Mining lease applications for Neptune and Pluto | Permitting | Company Guided | Medium | Tenure needed for the satellite deposits in an 8-10 year mine plan; the applications have no stated date. |
| ongoing, no date | Resource extension and infill drilling results (Baldock, West Knell, Golden Vale, Kestrel) | Exploration | Company Guided | High | Each MRE upgrade adds ounces to the satellite and Baldock inventory; the Sep 2026 MRE added 658 koz, and a drilling miss would reduce the in-situ base. |
Executive roster
As of 2026-11-04Background checks ▸FY26 annual report corporate directory and directors' report (directors and KMP), reconciled to the Sep-2026 quarterly (COO appointment, Hugh Trivett). Non-executive directors (Simon Lill, Chair; James Croser; Stuart Mathews) are listed in the report but excluded from this roster as the rule requires.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Paul Brennan | Managing Director | Executive Director · Chief Executive | 2025-07-01 | Annual Report 2026 (year to 30 June 2026) |
| Tim Manners | Finance Director | Executive Director · Finance | 2025-07-01 | Annual Report 2026 (year to 30 June 2026) |
| Hugh Trivett | Chief Operating Officer | Operations · Senior Management | — | September 2026 Quarterly Activities Report and Appendix 5B |
| Todd Hibberd | Chief Geologist | Technical · Senior Management | 2025-08-04 | Annual Report 2026 (year to 30 June 2026) · September 2026 Quarterly Activities Report and Appendix 5B |
| Loren Falconer | Company Secretary | Company Secretary | — | Annual Report 2026 (year to 30 June 2026) |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Mt Ida gold project (Baldock cornerstone, regional deposits)
AU
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.
- 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
© 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
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total (Indicated plus Inferred) | 20.4 Mt | 2.8 g/t Au (1.836 Moz contained) | Gold | 2026-09-23 |
| Mineral Resource | indicated | 5.1 Mt | 3.9 g/t Au (647 koz contained) | Gold | 2026-09-23 |
| Mineral Resource | inferred | 15.2 Mt | 2.4 g/t Au (1,189 koz contained) | Gold | 2026-09-23 |
Tenements4
Milestones4
- Public road diversion works (contract awarded; completion expected in the December 2026 quarter)
Pending · Low materiality
- Feasibility Study with maiden Ore Reserve (mid-CY2027)
Pending · High materiality
- Final investment decision (mid-CY2027, subject to FS and funding)
Pending · High materiality
- Mining lease applications for Neptune and Pluto deposits
Pending · Low materiality
Permits & approvals3
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Approved Mining Proposal, Mine Closure Plan and native vegetation clearing permit (Baldock) | Western Australia | Granted | — | No |
| Works Approval for up to 2.0 Mtpa processing and tailings storage facility (DWER) | Western Australia | Granted | — | Yes |
| Water abstraction licence 3.7 GL/yr (2.5 GL/yr Lake Raeside paleochannel plus 1.2 GL/yr Baldock dewatering) | Western Australia | Granted | — | Yes |
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Funded through the FS and FID (mid-CY2027) for pre-FID work, but not for construction. The company estimates capex well above the pro-forma cash, so a debt or equity raise is needed before FID. Pro-forma cash after the placement and full SPP is about A$94.1m per the company.
Capital structure
Ownership and dilution
- Ordinary shares
- 523.1M
- Fully diluted
- 552.7M
454,605,804 ordinary shares at 30 Jun 2026 (AR Note 18) + 68,210,880 placement shares issued 19 Oct 2026 + 133,400 performance-right exercises (28 Sep 99,800; 1 Oct 33,600) = 522,950,084 at the 26 Oct quarterly date + 94,300 (23 Oct) + 44,700 (4 Nov) = 523,089,084. Fully diluted adds 13.5m options and 16,147,580 performance rights (no treasury method). Delta Lithium 156,310,994 restricted shares.
Security classes12
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Quoted fully paid ordinary shares (BM1) | Ordinary Share | 366.8M | — | — |
| Restricted fully paid ordinary shares (BM1AA) | Ordinary Share | 156.3M | — | — |
| Unquoted options BM1AK exercisable at A$1.10 | Option | 1.2M | A$1.1 | 2031-09-09 |
| Unquoted director options BM1AJ exercisable at A$1.10 (approved 4 Sep 2026) | Option | 4.5M | A$1.1 | 2031-09-04 |
| Unquoted options BM1AI exercisable at A$0.845 | Option | 750K | A$0.845 | 2029-12-09 |
| Restricted unquoted options BM1AE (expiring 9 Jul 2029; strike not in announcement) | Option | 2.5M | — | 2029-07-09 |
| Restricted unquoted options BM1AC (expiring 14 Jul 2028; strike not in announcement) | Option | 1M | — | 2028-07-14 |
| Restricted unquoted options BM1AD (expiring 14 Jul 2028; strike not in announcement) | Option | 1M | — | 2028-07-14 |
| Restricted unquoted options BM1AB (expiring 9 Jul 2028; strike not in announcement) | Option | 2.5M | — | 2028-07-09 |
| Restricted performance rights BM1AF | Performance Right | 9M | — | 2030-07-09 |
| Performance rights BM1AG | Performance Right | 1.5M | — | 2030-07-09 |
| Performance rights BM1AH (after 94,300 and 44,700 exercises) | Performance Right | 5.6M | — | — |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-10-19Ann. 2026-10-12 | Raising | A$45M | 68.2M | A$0.66 | Completed | Institutional placement under LR 7.1 capacity, A$45.0m before costs; firm commitments; issued 19 Oct 2026 (Appendix 2A 16 Oct).Argonaut Securities and Canaccord Genuity (joint lead managers); Commonwealth Securities (co-manager) |
| 2026-10-12 | Raising | A$5M | — | A$0.66 | Ongoing | Share purchase plan for eligible shareholders up to A$30,000 each, target A$5.0m with discretion to scale back or take up to A$5.0m more; not underwritten; closes 9 Nov 2026.Period 2026-10-19 to 2026-11-09 |
| 2026-02-04Ann. 2026-01-23 | Raising | A$61M | 76.2M | A$0.8 | Completed | Placement of 76,250,000 shares at A$0.80 for A$61.0m (oversubscription option exercised, original target A$50m). |
| 2025-10-30Ann. 2025-10-29 | Raising | A$20.6M | 37.4M | A$0.55 | Completed | Strategic placement of 37,383,199 shares at A$0.55 (Aurenne Group among subscribers) plus a 363,637-share director placement for A$0.2m; ratified at the 28 Nov 2025 AGM. |
| 2025-07-10Ann. 2025-06-30 | Raising | A$30M | 120M | A$0.25 | Completed | IPO of 120m shares at A$0.25 for A$30m; admitted to the ASX on 14 July 2025. |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
FY26 annual report (tenure table, Delta deed, Note 18 and related-party disclosures), Sep-2026 quarterly and Oct-2026 placement announcements, and the October 2026 substantial-holder notices. No royalty, stream, offtake, JV, hedge or contractor-financing arrangement is disclosed. The Mineral Rights Deed itself is not in the local documents; its terms are taken from the annual report summary.
Ballard's gold rights at Mt Ida derive from the Mineral Rights Deed with Delta Lithium: Ballard owns the gold, Delta the other minerals, and Delta holds 156.3m Ballard shares (34.4% before and 29.9% after the October 2026 placement) under escrow terms. The deed is modelled as 100% ownership of the gold in the valuation; no royalty or stream to Delta is disclosed in the documents read.
Other · Active- Counterparties
- Delta Lithium Limited
- Applies to
- Mt Ida gold project (Baldock cornerstone, regional deposits) · Gold
- Economic direction
- Mixed
- Period
- From 2025-07-09; no end date stated
- Key terms
- Exclusive rights to gold: Mt Ida AU Pty Ltd (wholly owned) holds exclusive rights to explore and mine precious metals at Mt Ida
Other minerals: Delta Lithium retains rights to all other minerals under the deed
Consideration to Delta: 220,000,000 shares issued to Delta on 22 May 2025 (A$55.0m at A$0.25) for vending the gold rights AUD
Delta holding after placements: 29.89 pct
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
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Sensitivity lab
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Management background checks
Public issuer material identifies the disclosed executives and provides uneven role biographies. The team is assessed with low confidence because prior-career chronology and credentials are incompletely verified, adverse searches are not exhaustive, and company outcomes are not routinely attributable to individual executives. Material findings are limited to the cited project achievements or documented conduct events.
Decision-relevant facts
Material summary
Paul Brennan
Managing Director
Calidus entered administration after Warrawoona operated for about two years
Brennan joined Calidus in March 2019 as COO, shifted to Project Development in November 2023, and the January 2024 quarterly report identifies him in that role. Calidus entered receivership/administration in June 2024; the Warrawoona mine was moved to care and maintenance in July 2024. In January 2025 the deed administrators completed a DOCA and court-approved transfer of all Calidus shares for nil value, stating that the shares had no residual value or reasonable prospect of residual value and that former shareholders would receive no consideration. This was a serious employer outcome during/after his disclosed Project Development tenure; the sources reviewed do not link Brennan personally to Calidus financing decisions or cause of failure. The receivership is an employer-level outcome, not a personal misconduct finding.
Role overlaps event; causation unproven · Calidus identifies him in project development in January 2024; no reviewed court or administrator material attributes the insolvency or mine cessation to him personally. Exact end date of his Calidus employment is not established.
Ballard raised A$61 million while Brennan was Managing Director
Ballard announced a A$61.0 million placement on 23 January 2026, with total available funds of A$89.8 million including cash and stated uses including drilling, early works, studies and working capital. The release names Brennan as Managing Director and Manners as Finance Director and says it was authorised by the board. This is a completed corporate financing; the source does not isolate Brennan’s individual contribution and the use of funds and FID pathway remain forward-looking.
Role overlaps event; causation unproven · He was Managing Director during the financing; no source independently attributes the transaction to a single executive.
Evidence gaps · 5
- Formal education, professional memberships and credentials have not been independently verified against awarding institutions or registers.
- No exhaustive individual criminal, sanctions, litigation, safety, environmental or regulatory record search was performed; logged open-web checks are limited and are not a clearance.
- For company-level operating outcomes, personal contribution is not established unless a source expressly attributes it.
- Calidus end-of-employment date and Brennan’s personal responsibility, if any, for its 2024 administration are not established in the reviewed records.
- No broad ASIC, court, sanctions, criminal or credential-register search can be treated as exhaustive.
Tim Manners
Executive Director, Finance Director
Ballard raised A$61 million while Manners was Finance Director
Ballard announced a A$61.0 million placement on 23 January 2026. The release specifies cash plus placement proceeds totalling A$89.8 million, proposed uses and names Manners as Finance Director alongside the Managing Director. This establishes a completed financing during his tenure, not an individual causal contribution or a delivered mine-development outcome.
Role overlaps event; causation unproven · Manners held the Finance Director role; the announcement is board-authorised and makes no single-person attribution.
Evidence gaps · 5
- Full prior-employer chronology and exact dates are not independently established beyond the cited issuer biographies.
- Formal education, professional memberships and credentials have not been independently verified against awarding institutions or registers.
- No exhaustive individual criminal, sanctions, litigation, safety, environmental or regulatory record search was performed; logged open-web checks are limited and are not a clearance.
- For company-level operating outcomes, personal contribution is not established unless a source expressly attributes it.
- Exact start/end dates across prior CFO appointments and independent checks of accounting credentials/memberships were not established in the public sources reviewed.
Todd Hibberd
Chief Geologist
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 5
- Full prior-employer chronology and exact dates are not independently established beyond the cited issuer biographies.
- Formal education, professional memberships and credentials have not been independently verified against awarding institutions or registers.
- No exhaustive individual criminal, sanctions, litigation, safety, environmental or regulatory record search was performed; logged open-web checks are limited and are not a clearance.
- For company-level operating outcomes, personal contribution is not established unless a source expressly attributes it.
- Newmont job titles/dates, formal degree(s), and independent validation of the self-reported Dip. Bus. (FLM) and memberships are not established.
Loren Falconer
Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 5
- Full prior-employer chronology and exact dates are not independently established beyond the cited issuer biographies.
- Formal education, professional memberships and credentials have not been independently verified against awarding institutions or registers.
- No exhaustive individual criminal, sanctions, litigation, safety, environmental or regulatory record search was performed; logged open-web checks are limited and are not a clearance.
- For company-level operating outcomes, personal contribution is not established unless a source expressly attributes it.
- Earlier employer dates, degree institution and current CA membership standing were not independently verified; no exhaustive public-record check is implied.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2025-09-24 · 340,000,100 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 45.97% | 156,310,994 | |
| 2 | 7.93% | 26,977,776 | |
| 3 | 7.44% | 25,284,360 | |
| 4 | 5.63% | 19,149,054 | |
| 5 | 2.24% | 7,604,058 | |
| 6 | 2.00% | 6,791,758 | |
| 7 | 1.86% | 6,330,932 | |
| 8 | 1.00% | 3,396,206 | |
| 9 | 0.62% | 2,093,438 | |
| 10 | 0.60% | 2,034,986 | |
| 11 | 0.53% | 1,789,560 | |
| 12 | 0.51% | 1,750,000 | |
| 13 | 0.48% | 1,643,176 | |
| 14 | 0.47% | 1,600,000 | |
| 15 | 0.46% | 1,567,640 | |
| 16 | 0.42% | 1,417,234 | |
| 17 | 0.39% | 1,333,333 | |
| 18 | 0.35% | 1,175,366 | |
| 19 | 0.29% | 1,000,000 | |
| 20 | 0.29% | 1,000,000 | |
| 21 | 0.29% | 1,000,000 | |
| 22 | 0.29% | 1,000,000 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 38.60%Issued shares | 2026-02-02 | |
| 34.38%Issued shares | 2026-04-30 | |
| 6.19%Issued shares | 2025-07-16 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The register is dated September 2025 and predates at least the February 2026 issue of shares; it is not a current top-20 list. The 2026 annual-report shareholder pages were not recoverable from the local PDF.
- 2026 substantial-holder percentages for Delta and MinRes use post-issue capital; HPPL’s 2025 percentage is historical and may have fallen below 5% after dilution.
- The apparent Delta and Ballard/Mt Ida disclosures concern the same Delta holding; only Delta is represented as the underlying holder.
- Nominee register accounts do not identify beneficial owners.
Sources
- Ballard Mining Limited Annual Report 2025
ASX / Ballard Mining Limited · Published 2025-09-29 · Accessed 2026-10-09
Last readable full register, measured 24 September 2025, with 340,000,100 shares issued and then-current substantial holder list.
Local PDF downloads/BM1/2025/2025-09-29_Annual Report to shareholders.pdf, pp. 70 and 72
- Change in substantial holding
ASX / Ballard Mining Limited · Published 2026-04-30 · Accessed 2026-10-09
Ballard/Mt Ida notice reports 156,310,994 shares and 34.38% after Aurenne’s 36,363,640 escrowed shares were released; remaining disclosure relates to Delta Lithium’s restricted holding.
Local PDF downloads/BM1/2026/2026-04-30_Change in substantial holding_404129839a48132d.pdf, pp. 1-3
- Change in substantial holding from MinRes
ASX / Ballard Mining Limited · Published 2026-02-04 · Accessed 2026-10-09
MinRes Group reports 175,460,048 shares and 38.6% after dilution from the 2 February 2026 share issue; its prior reported figure was 51.6%.
Local PDF downloads/BM1/2026/2026-02-04_Change in substantial holding from MIN_c13cfafeed35e50e.pdf, pp. 1-4
- Becoming a substantial holder
ASX / Ballard Mining Limited · Published 2025-07-17 · Accessed 2026-10-09
HPPL Group (Hancock Prospecting Pty Ltd) reported 21,041,576 shares and 6.19% as a substantial holder.
Local PDF downloads/BM1/2025/2025-07-17_Becoming a substantial holder_1ad21c2d55605be7.pdf
Disclosed activity
Insider transactions
Trading activity0 buys · 0 sells shownNet cash last 12 months no tradesShow chartHide chart
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-01-09 | Delta Group EntitiesEscrowed shareholders group
Details & evidence for Delta Group Entities on 2026-01-09Change in disclosed relevant interest due to escrow release; not a purchase or sale. As disclosed: Delta ceased to have a deemed relevant interest in 29,453,592 escrowed shares after their release from voluntary escrow; no share disposal or cash consideration is reported.
Delta Lithium Limited · parent/reporting group member Aurenne Group / Delta Holdings Pty Ltd · relevant interest deemed under subscription agreement; not a Delta beneficial holding Change in substantial holding ↗ Change in substantial holding ↗ | OtherFully paid ordinary shares subject to voluntary escrow | 29,453,592 | —Not Disclosed | — | — |
Disclosed holding observations4 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-01-09 | Delta Group Entities
Details & evidence for Delta Group Entities on 2026-01-09Reported group total comprises 156,310,994 directly held by Delta and 36,363,640 shares issued to Aurenne under the 26 October 2025 subscription agreement, in which Delta is deemed to have a relevant interest. Previously reported 222,128,226 fell by 29,453,592 on escrow release. Do not sum with Ballard issuer disclosure-only row.
Delta Lithium Limited · parent/reporting group member Aurenne Group / Delta Holdings Pty Ltd · relevant interest deemed under subscription agreement; not a Delta beneficial holding Change in substantial holding ↗ Change in substantial holding ↗ | PositionFully paid ordinary shares | 192,674,634 | 50.92%Voting Power |
| 2025-07-09 | Ballard Mining Limited
Details & evidence for Ballard Mining Limited on 2025-07-09Issuer disclosure-only interest arising from voluntary escrow restrictions; not beneficial ownership, with no acquisition or voting rights. Do not sum this observation with the Delta group observation.
Becoming a substantial holder ↗ Change in substantial holding ↗ | ThresholdFully paid ordinary shares | 29,453,592 | 8.66%Voting Power |
| 2025-07-09 | Delta Group Entities
Details & evidence for Delta Group Entities on 2025-07-09Total relevant interest 185,764,586 = Delta retained 156,310,994 plus 29,453,592 shares in voluntary escrow (Hancock 7,281,548; Idemitsu 7,604,058; Lithium Resources Operations 14,567,986). The A$39.08m figure is a stated value for the retained in-specie shares, not cash paid.
Delta Lithium Limited · parent/reporting group member Aurenne Group / Delta Holdings Pty Ltd · relevant interest deemed under subscription agreement; not a Delta beneficial holding Amended Initial Substantial Holder Notice from DLI ↗ Amended Initial Substantial Holder Notice from DLI ↗ | ThresholdFully paid ordinary shares | 185,764,586 | 54.64%Voting Power |
| 2025-07-09 | Mt Ida AU Pty Ltd
Details & evidence for Mt Ida AU Pty Ltd on 2025-07-0929,453,592 shares deemed relevant through voluntary escrow restrictions: Hancock 7,281,548; Idemitsu 7,604,058; Lithium Resources Operations 14,567,986. Not a beneficial position of Ballard/Mt Ida AU; overlaps the Delta and Ballard disclosure positions.
Becoming a substantial holder ↗ Becoming a substantial holder ↗ | ThresholdFully paid ordinary shares | 29,453,592 | 8.66%Voting Power |
The closest covered peers
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Narrative and provenance
Research & Sources
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory20 documents
Application for quotation of securities (4 Nov 2026)Corporate Action · LowExtracted
Quotation of 44,700 ordinary shares issued on performance-right exercise on 4 Nov 2026 (cutoff day).
- Document ID
- a2a_nov04
- Published UTC
- 2026-11-04T07:08:57+00:00
- Projects
- —
- Commodities
- gold
Latest eligible local close, BM1 (4 Nov 2026)Market Data · MediumExtracted
python -m miners.reference_price BM1 --valuation-date 2026-11-04: close A$0.56 on 4 Nov 2026, volume 323,688, one ASX BM1 ordinary share, market data provider via local stock price database, freshness 0 days.
- Document ID
- ref_price
- Published UTC
- 2026-11-04T00:00:00+00:00
- Projects
- —
- Commodities
- gold
Gold spot and trailing averages (market snapshot, 3 Nov 2026)Commodity Data · MediumExtracted
Gold front-month futures USD 3,940.40/oz on 3 Nov 2026; 1-year average USD 4,451.51/oz and 3-year average USD 3,314.26/oz; AUD per USD 1.4236 (market snapshot from the local commodity database; series yahoo_futures:gc).
- Document ID
- gold_spot
- Published UTC
- 2026-11-04T00:00:00+00:00
- Projects
- —
- Commodities
- gold
Repository management assessment (management/BM1/summary.md)Leadership · MediumExtracted
Repository management research on the disclosed executives (Brennan, Manners, Hibberd, Falconer) with external background checks; the star rating in the file is not used. Adverse finding on Brennan (Calidus administration, causation unproven) is recorded as context only.
- Document ID
- mgmt_bm1
- Published UTC
- 2026-11-04T00:00:00+00:00
- Projects
- —
- Commodities
- gold
Repository ownership file (ownership/BM1/investors.json)Other · LowExtracted
Top-20 register dated 24 Sep 2025 (stale; predates 2026 issues) and substantial holders refreshed to April 2026. Used only for names and the stale-register caveat; current holdings come from the October 2026 notices.
- Document ID
- own_bm1
- Published UTC
- 2026-11-04T00:00:00+00:00
- Projects
- —
- Commodities
- gold
Insider dealings (data/insider-transactions.db, directors view)Governance · LowExtracted
python -m miners.insider_transactions show BM1: director notices in 2025-2026 including the 4 Sep 2026 option grants (4.5m at A$1.10 expiring 2031) and the Sep 2026 Appendix 3Y notices; partial status.
- Document ID
- insider_bm1
- Published UTC
- 2026-11-04T00:00:00+00:00
- Projects
- —
- Commodities
- gold
September 2026 Quarterly Activities Report and Appendix 5BResults · HighExtracted
September 2026 quarter: cash A$44.1m (unaudited) at 30 Sep 2026 after A$17.3m exploration; A$45.0m placement and up to A$5.0m SPP after quarter-end; pro-forma cash A$94.1m; MRE 1.84 Moz; FS and maiden Ore Reserve on target for mid-CY2027.
- Document ID
- q_sep26
- Published UTC
- 2026-10-25T21:28:55+00:00
- Projects
- mt-ida-gold
- Commodities
- gold
Application for quotation of securities (23 Oct 2026)Corporate Action · LowExtracted
Quotation of 94,300 ordinary shares on performance-right exercise (issued 23 Oct 2026).
- Document ID
- a2a_oct23
- Published UTC
- 2026-10-23T05:50:37+00:00
- Projects
- —
- Commodities
- gold
Change in substantial holding - Delta Lithium (20 Oct 2026)Corporate Action · MediumExtracted
Delta Lithium holding 156,310,994 shares: 34.38% of the capital before the placement and 29.89% after it (522,950,084 shares).
- Document ID
- sh_dli
- Published UTC
- 2026-10-20T08:15:17+00:00
- Projects
- —
- Commodities
- gold
Becoming a substantial holder - L1 Capital (20 Oct 2026)Corporate Action · MediumExtracted
L1 Capital becomes a substantial holder with 31,575,832 shares (6.04% on 522,950,084 issued shares).
- Document ID
- sh_l1
- Published UTC
- 2026-10-20T06:51:12+00:00
- Projects
- —
- Commodities
- gold
Change in substantial holding - Mineral Resources (21 Oct 2026)Corporate Action · MediumExtracted
Mineral Resources Group holds 175,460,048 shares: 38.6% before and 33.55% after the placement; changes dated 1 and 19 Oct 2026.
- Document ID
- sh_min
- Published UTC
- 2026-10-20T21:18:00+00:00
- Projects
- —
- Commodities
- gold
Change in substantial holding - HPPL group (21 Oct 2026)Corporate Action · MediumExtracted
HPPL group (Hancock Prospecting / G. Rinehart) relevant interest 41,820,744 shares, 8.00%, after prior holding of 21,041,576 (6.19%).
- Document ID
- sh_hppl
- Published UTC
- 2026-10-20T21:18:35+00:00
- Projects
- —
- Commodities
- gold
Application for quotation of securities (16 Oct 2026)Financing · MediumExtracted
Quotation of 68,210,880 placement shares issued 19 Oct 2026 at A$0.66; lists unquoted options (13.5m) and performance rights (16.3m) and restricted shares (156.3m) after quotation.
- Document ID
- a2a_oct16
- Published UTC
- 2026-10-16T01:14:33+00:00
- Projects
- —
- Commodities
- gold
Successful $45.0M placement and SPP (12 Oct 2026)Financing · HighExtracted
Firm commitments for A$45.0m before costs (68.2m shares at A$0.66, issued 19 Oct 2026); SPP up to A$5.0m at A$0.66, open to 9 Nov 2026, not underwritten. Uses: resource growth drilling 20.0, infill 20.0, accommodation village 28.0, FEED 10.0, road and dewatering 3.5, FS 3.0, working capital 9.6 (A$M).
- Document ID
- plc_oct26
- Published UTC
- 2026-10-11T22:23:07+00:00
- Projects
- mt-ida-gold
- Commodities
- gold
Capital Raising Presentation (8 Oct 2026)Presentation · MediumPartial
Investor presentation for the October 2026 capital raising. Describes the SPP as underwritten, which the later 12 Oct announcement contradicts (it is not underwritten); the announcement is used.
- Document ID
- cap_pres_oct26
- Published UTC
- 2026-10-07T23:21:19+00:00
- Projects
- mt-ida-gold
- Commodities
- gold
Date of AGM and closing date for director nominations (2 Oct 2026)Governance · LowExtracted
The 2026 AGM will be held at 10am WST on Friday 27 November 2026; director nominations close on the date stated in the notice.
- Document ID
- agm_date
- Published UTC
- 2026-10-02T02:56:39+00:00
- Projects
- —
- Commodities
- gold
Application for quotation of securities (1 Oct 2026)Corporate Action · LowExtracted
Quotation of 33,600 ordinary shares on performance-right exercise (issued 1 Oct 2026).
- Document ID
- a2a_oct01
- Published UTC
- 2026-10-01T02:02:09+00:00
- Projects
- —
- Commodities
- gold
Annual Report 2026 (year to 30 June 2026)Results · HighExtracted
FY26 annual report (year to 30 June 2026): audited statements, Sep-2026 JORC resource table (20.4 Mt at 2.8 g/t Au, 1.84 Moz), tenure schedule, 454.6m shares at 30 June 2026, Delta Mineral Rights Deed, permitting and works approval, FY27 development plan (FS and FID mid-CY2027).
- Document ID
- ar_fy26
- Published UTC
- 2026-09-28T22:10:39+00:00
- Projects
- mt-ida-gold
- Commodities
- gold
Application for quotation of securities (29 Sep 2026)Corporate Action · LowExtracted
Quotation of 99,800 ordinary shares on performance-right exercise (issued 28 Sep 2026).
- Document ID
- a2a_sep29
- Published UTC
- 2026-09-29T04:36:45+00:00
- Projects
- —
- Commodities
- gold
Mt Ida Gold Resource increases 56% to 1.84 Moz (23 Sep 2026)Resource Update · HighMetadata Only
Source announcement of the September 2026 global Mineral Resource (20.4 Mt at 2.8 g/t Au for 1.84 Moz). Its figures are read from the annual report resource table; the announcement pages are image-classified and were not used for facts.
- Document ID
- mre_sep26
- Published UTC
- 2026-09-22T22:17:08+00:00
- Projects
- mt-ida-gold
- Commodities
- gold
Evidence facts23
61776404 AUD
2026-06-30-3049100 AUD
2026-06-301836000 oz Au
2026-09-23454605804 shares
2026-06-3044068000 AUD
2026-09-30-17708000 AUD
2026-09-3045000000 AUD
2026-10-120.66 AUD/share
2026-10-1268210880 shares
2026-10-19366639090 shares
2026-10-19156310994 shares
2026-10-1944700 shares
2026-11-0494300 shares
2026-10-2333600 shares
2026-10-0199800 shares
2026-09-28156310994 shares
2026-10-2031575832 shares
2026-10-20175460048 shares
2026-10-1941820744 shares
2026-10-212026-11-27 date
2026-11-270.56 AUD/share
2026-11-043940.4 USD/oz
2026-11-031.4236 AUD/USD
2026-11-03Conflicts requiring judgment1
- share purchase plan underwriting status (Oct 2026)
The 8 Oct presentation describes an underwritten SPP; the 12 Oct announcement (later, and the one for the offer terms) says the SPP is not underwritten. The announcement is used: SPP proceeds are not treated as committed funding.