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How Will Ballard’s $20.6M Placement Unlock Mt Ida’s Hidden Gold Potential?

9:30am on Wednesday 29th of October, 2025 AEDT Mining
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How Will Ballard’s $20.6M Placement Unlock Mt Ida’s Hidden Gold Potential?

9:30am on Wednesday 29th of October, 2025 AEDT
Key Points
  • Placement raises $20.6 million at $0.55 per share, an 11.1% premium
  • Aurenne Group Holdings becomes a 9.6% substantial shareholder
  • New October 2025 Exploration Target of 11.8–14.6Mt at 2.6–3.9 g/t gold announced
  • Funds earmarked for drilling, exploration, metallurgical studies, and project development
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