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CompanyBallymore Resources

  • Location: Australia
  • Tickers:
    • ASX:BMR
  • Commodities: Copper, Gold, Lead, Silver, Zinc
  • Project Stages:
    • Development
    • Exploration

Ballymore Resources is an exploration and development company focused on the discovery and development of the next major metal mine in Queensland.  Led by an experienced team with a track record of success, we have four highly prospective projects in prolific Queensland mineral belts with exposure to gold, copper, silver, lead, zinc and other critical minerals. Ballymore runs a lean operation with 85% of funds deployed into the ground and this work has already delivered exceptional results.

Investment highlights: 

  • Discovered faulted extension to one of the highest-grade gold mines in Australia at Dittmer with bonanza gold intersections - currently undertaking resource and development studies
  • Testing large, shallow copper deposit at Ruddygore – broad shallow copper intersections reported in initial drilling
  • Exploring in prolific Charters Towers gold province adjacent to major historic Mount Leyshon gold mine – significant gold-silver mineralisation recognised
  • Testing highly prospective corridor, which hosts the historic, high-grade Mount Molloy copper mine, with similarities to Mount Morgan (8Moz Au & 300kt Cu) 

Ballymore’s exciting projects in north Queensland include:

Dittmer Project: Hosts the historic Dittmer gold mine, which was the highest-grade gold mine in Queensland when operating – 151.1g/t Au, 66.8g/t Ag and 2.8% Cu. Ballymore is the largest tenement holder in the area with 2 granted mining leases and numerous historic mines in large tenement package. Ballymore has now re-opened the historic mine and completed 32 holes. Drilling has discovered the faulted high-grade extension to historic Duffer Lode with bonanza gold grades including 3.85m @ 26.04 g/t Au, including 2.0m @ 49.60 g/t Au (DTDD022). The initial resource drill out has been completed with resource and development studies underway on the granted mining lease.

Ruddygore Project: Large tenement holding (558km2) in Chillagoe district (3.2Moz Au). The project hosts a major copper-silver porphyry target at Ruddygore (2.8km x 1.9km mineralised zone). Initial drilling has demonstrated potential for a shallow, bulk tonnage copper deposit with results including 86m @ 0.47% Cu and 11 g/t Ag from 4m (BRURD002). The project also hosts other historic copper, gold, and lead-zinc-silver mines that have undergone limited exploration.  

Ravenswood Project: Located in prolific Charters Towers gold province (+16 Moz Au) with numerous breccia- and vein-hosted gold targets. Initial drilling of the Seventy Mile Mount breccia target reported 40m @ 1.06 g/t Au from 47m, including 3m @ 9.38 g/t Au (BSMDD001). Also, bonanza gold-silver veins have been identified at the Day Dawn prospect with rock chips up to 127.5 g/t Au and 7100 g/t Ag and drilling planned in 2023.

Mount Molloy Project: Hosts the historic, high-grade Mount Molloy copper mine, similar in style to Mount Morgan (8Moz Au & 300kt Cu). Mining in early 20th Century yielded an average ore grade of 8.7% Cu. Numerous geochemical and geophysical targets remain untested with only limited historical drilling. Initial rock chip sampling has reported high-grade copper results up to 31.81% Cu, 300 g/t Ag & 2.28% Zn. Further field work is in progress.

Substantial field work, drilling and mine development studies underway with strong news flow throughout the year. 

Ballymore Resources
  • asx: bmr

    • -0.025 (-22.73%)

* Based on previous 24 hours performance

  • asx: bmr

    • -0.025 (-22.73%)

* Based on previous 7 days performance

  • asx: bmr

    • -0.06 (-41.38%)

* Based on previous 12 weeks performance

  • asx: bmr

    • -0.085 (-50%)

* Based on previous 12 months performance

Open 0.11000 Volume 270184
High 0.11000 52w High 0.22000
Low 0.08500 52w Low 0.08500
Close 0.08500

* 29 September 2023 (AUD)

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