BM1 – Ballard Mining | Aussie Stock Forums

Ballard Mining Limited was incorporated as a wholly owned subsidiary of Delta Lithium Limited (Delta) (ASX: DLI) for the sole purpose of demerging Delta’s Gold Asset at Mt Ida.

On 29 April 2025, Delta announced an update to the gold Mineral Resource estimate at the Mt Ida Project. This Mineral Resource estimate update significantly increased the global gold inventory at the Mt Ida Project, demonstrating the presence of a large gold system, both immediately at the Baldock deposit and across the broader tenement package, representing significant potential upside for future exploration at the Mt Ida Project.

At Listing, the Gold Asset will be Ballard’s primary asset. The Gold Asset covers 1,518 km2 of rights to explore for Gold at the Mt Ida Project, which is located approximately 100km northwest of Menzies in the Goldfields region of Western Australia. The Gold Asset resides on six granted mining leases and is approved for open pit and underground mining at Baldock, which hosts the majority of the high-grade gold Mineral Resource at the Mt Ida Project. The Mt Ida Project is currently fully permitted for mining activities with an approved Mining Proposal, Mine Closure Plan and Water Abstraction License and there are no current Native Title Claims.

It is anticipated that BM1 will list on the ASX during July 2025.