• Global Mt Ida MRE increased to 12.3 Mt @ 3.0 g/t Au for 1.2 Moz gold
• Baldock Mineral Resource Estimate increased to 9.0 Mt @ 3.5 g/t Au for 1.0 Moz gold
• Successful $61.0 million Placement funds Ballard to Final Investment Decision in H1 CY2027

Ballard Mining (ASX:BM1) has released its updated Quarterly Activities Report for the quarter ending 31 March 2026. The report highlights significant increases in the mineral resource estimates (MRE) for the Mt Ida Gold Project, with the global MRE now standing at 12.3 Mt @ 3.0 g/t Au for 1.2 Moz gold, and the Baldock MRE at 9.0 Mt @ 3.5 g/t Au for 1.0 Moz gold. The company's 220,000m resource growth drilling program has shown promising results, with notable high-grade intersections both at Baldock and other regional prospects. Ballard is also advancing its project development workstreams, with metallurgical studies nearing completion and a robust cash balance of $75.6 million at the end of March 2026 following a $61 million placement in January.

Ballard Mining expects to reach a Final Investment Decision in H1 CY2027.

Ballard Mining anticipates further resource growth and project development progress, with a focus on extending the Baldock deposit and exploring regional prospects to supplement the baseload feed.