• Resource growth drilling at Baldock shows potential for significant growth.
• New discoveries and extensions at regional prospects along the Ballard Fault Zone.
• Ballard remains well funded with a robust cash balance of $61.8 million.

Ballard Mining (ASX:BM1) has released its Quarterly Activities Report for the quarter ending 30 June 2026, highlighting significant resource growth drilling results at its Mt Ida Gold Project in Western Australia. The report details substantial intercepts below and along strike of the current Baldock Mineral Resource Estimate (MRE), indicating potential for significant resource growth. Additionally, regional drilling along the 13km Ballard Fault Zone has confirmed new discoveries and extended mineralisation at several prospects, including Ayla, Pluto, West Knell, and Golden Vale. The results suggest that the entire Ballard Fault Zone may be mineralised, with potential for new shallow mineralised zones. Ballard remains well funded with a cash balance of $61.8 million as of 30 June 2026, enabling continued exploration and development activities.

Robust cash balance of $61.8 million as of 30 June 2026

Ballard is well-positioned to continue its resource growth drilling programs and project development strategy at Mt Ida.