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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
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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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