Highlights

  • Wills Gold-Silver Project located in Queensland's highly prospective Connors Arc volcanic arc province
  • Step-out and infill drilling expanding the known footprint of the epithermal gold-silver system
  • Multiple epithermal styles within the Wills tenement supporting a large exploration target area
  • Queensland exploration costs lower than Western Australia, supporting capital-efficient drill programs

Ballymore Resources Limited (ASX:BMR), trading at A$0.10 as at 30 October 2026, is a Queensland gold and silver explorer advancing the Wills Gold-Silver Project within the Connors Arc province of central Queensland, a volcanic arc terrain that hosts multiple known gold and silver deposits and is increasingly recognised as a significant but underexplored province for epithermal gold-silver mineralisation in Australia.

Wills Gold-Silver Project: Connors Arc Exposure

The Wills Gold-Silver Project provides Ballymore Resources with direct exposure to the Connors Arc, a Permian-age volcanic arc in central Queensland that shares geological characteristics with productive epithermal gold-silver provinces in the Pacific Rim, including the prolific gold and silver districts of Fiji, Papua New Guinea, and the Philippines. Epithermal gold-silver deposits are formed by hydrothermal fluids circulating at relatively shallow depths in volcanic arc settings, depositing gold and silver in veins, breccias, and disseminated zones. The Connors Arc hosts several known epithermal gold-silver deposits and has seen an increase in exploration activity as geological understanding of the arc has improved and new areas of untested prospectivity have been identified. Ballymore's Wills Project is positioned within the arc in an area with anomalous gold and silver values from historical exploration.

Drilling Results: System Expansion

Ballymore has been conducting systematic RC and diamond drilling at Wills to test the extent and geometry of gold-silver mineralisation identified through surface geochemistry and mapping. Step-out holes have extended the known footprint of mineralisation and confirmed that the gold-silver system has lateral and depth extent beyond the initially defined target area. Results have returned intervals of anomalous to economic-grade gold and silver values in an epithermal vein and stockwork style consistent with the Connors Arc geological model. The Company has identified multiple mineralised zones within the Wills tenement that have not yet been fully tested, representing a meaningful exploration inventory for future drill programs.

Multiple Target Areas and Exploration Upside

Beyond the Wills gold-silver zones that have been drill-tested to date, Ballymore has identified additional geochemical and geophysical anomalies within the tenement that are prospective for further epithermal mineralisation. The Company's geological work has highlighted the presence of multiple alteration styles including advanced argillic, argillic, and silicic alteration that are pathfinders for high-sulphidation and low-sulphidation epithermal gold-silver systems. The scale of the alteration footprint at Wills is indicative of a significant hydrothermal system, and the presence of anomalous gold and silver values across a large area supports the hypothesis that the Wills tenement hosts a larger mineralised system than currently defined.

Queensland Exploration: Cost Advantages

Queensland offers meaningful cost advantages for exploration relative to Western Australia, including lower drilling costs, better-developed regional infrastructure in the Connors Arc area, and a well-established exploration services sector with deep experience in Queensland geology. These cost advantages allow Ballymore to conduct more drilling per dollar of exploration expenditure than would be possible in remote Western Australian settings. The Queensland government has also been supportive of mineral exploration through tenure administration and exploratory work requirements, providing a stable and predictable regulatory environment for advancing the Wills Project.