Name

Ballymore Resources

Legal name

Ballymore Resources Limited

Website

https://ballymoreresources.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Gold and Base Metals Mineral Exploration

NAICS

Gold Ore and Silver Ore Mining (21222), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industry

Copper Exploration & Resource Development (IMAKADAA)

Keywords

• Mineral exploration
• Gold mining
• Base metals exploration
• Mining project development
• Junior mining

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Pre-Revenue Exploration: Company is currently pre-revenue, focused on exploration activities to define mineral resources. No commercial production is currently occurring. Revenue generation is planned through future gold and base metal sales, project/tenement sales, joint venture arrangements with major miners, or streaming and royalty agreements.
2. Equity Capital Raising: ASX-listed company raising funds through equity placements and entitlement offers to finance exploration activities. Oversubscribed capital raise of $5.2M completed June 2026 for accelerated exploration.
3. Government Exploration Grants: Queensland government Collaborative Exploration Initiative (CEI) funding supporting exploration activities. Company has received multiple grants including $600K total funding ($300K for Dittmer aerial surveys, $300K for second North Queensland site), $400K for Dittmer porphyry targets, and $383K CEI funding for prospects.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Ballymore Resources is an Australian mineral exploration and development company focused on the discovery and advancement of high-grade gold and base metal (copper, lead, zinc, silver) deposits in Queensland. The company operates four distinct exploration projects across 1,517 km2 of granted mining leases and exploration permits: the Dittmer high-grade gold project, Ruddygore copper-gold-silver-lead-zinc project, Ravenswood gold project in the Charters Towers province, and Mount Molloy VHMS copper project. The company is currently pre-revenue and is advancing these projects toward production, joint venture, or sale.

Product overview

Ballymore Resources is a mining exploration and development company focused on discovery and development at high-quality projects in Queensland. The company operates four distinct mining projects across two granted Mining Leases and 14 granted Exploration Permits covering 1,517 km2: the Dittmer Project (high-grade gold mine on granted mining leases with porphyry base metal targets), Ruddygore Project (copper-gold-silver-lead-zinc with Torpy's silver discovery), Ravenswood Project (gold targets in the Charters Towers gold province), and Mount Molloy Project (VHMS copper deposit). The company is not a technology/SaaS company but rather a resource exploration and mining development company whose primary activities involve geological exploration, drilling programs, and resource development to advance these mining projects toward production.

Differentiator

Problem solved

Functional benefit

Products and services

• Dittmer Project High-grade gold mining project located 20km west of Proserpine in Central Queensland, featuring the historic Dittmer Mine which operated during the 1930s-50s at reported gold head grade of 151g/t Au. Currently undergoing exploration and studies aimed at re-opening the mine, with granted Mining Leases and porphyry base metal targets.
• Ruddygore Project Exploration project located adjacent to Chillagoe in North Queensland covering 556 km2, hosting porphyry copper-gold, skarn-hosted, and sediment-hosted massive sulphide lead-zinc-silver deposits including the Torpy's discovery with drill intersections of 10m @ 483.2g/t Ag and 19.35% Pb.
• Ravenswood Project Gold exploration project consisting of six granted Exploration Permits for Minerals (EPMs) covering 370 km2 located to the south and east of Charters Towers in North Queensland, containing vein-hosted gold targets and Mount Leyshon-style breccia pipe-hosted targets. Acquired 100% in November 2021.
• Mount Molloy Project High-grade volcanogenic-hosted massive sulphide (VHMS) copper deposit project covering 78 km2 located south of Mount Molloy and 50 km northwest of Cairns, with historic production of 43,600 tons of ore yielding 3,900 tons of copper metal at 8.7% Cu.

Quantifiable outcome

• Historic Dittmer Mine operated at 151g/t Au head grade during 1930s-50s
• +3 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• QMines: ASX-listed Queensland-focused copper and gold explorer-developer with the Mt Chalmers project, sharing the same province, similar geological targets, and pre-revenue exploration profile as Ballymore.
• Carnaby Resources: ASX-listed junior explorer focused on copper-gold discoveries in the Mt Isa Inlier and broader Queensland, with similar pre-resource stage and drilling-driven value catalysts. Directly comparable in commodity mix, jurisdiction, and exploration-led business model.

Broad incumbents

• Aeris Resources: ASX-listed copper-gold producer with operating assets in Queensland (Cracow, Mt Colin) and a broader portfolio, providing a relevant operating benchmark for Ballymore's Queensland copper-gold portfolio.
• Ramelius Resources: ASX-listed mid-tier gold producer with a track record of acquiring junior exploration assets, providing a relevant take-out comparable and incumbent benchmark for the Ballymore portfolio's production optionality.
• Evolution Mining: ASX-listed mid-tier gold producer with operating Queensland assets and a history of acquiring junior exploration projects in proven belts, making it a logical acquirer profile and broad incumbent comparable for Ballymore.

Emerging players

• Great Boulder Resources: ASX-listed junior gold and base metals explorer with a similar pre-revenue, drill-discovery-driven model and comparable market capitalisation range. Useful peer for benchmarking junior explorer valuation re-rates.
• Octava Minerals: ASX-listed junior explorer with a diversified critical minerals and gold portfolio, comparable in market cap, exploration stage, and reliance on equity capital markets to advance projects.
• Kingfisher Mining: ASX-listed junior gold and copper explorer operating in Western Australia, with similar pre-revenue profile, junior market cap, and discovery-driven thesis as Ballymore.
• SolGold: AIM/TSX-listed copper-gold explorer focused on porphyry systems, with comparable exploration-stage economics and copper-gold commodity exposure, although operating in a different geography.
• Sunshine Metals: ASX-listed gold-copper explorer advancing projects in Queensland, overlapping with Ballymore's commodity focus and pre-resource development stage. Comparable in size, jurisdiction, and exploration thesis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@ballymoreresources
• Xx.com/BallymoreRes

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ballymore Resources