Ballard Mining Limited (BM1) – $61m Institutional Placement

Argonaut acted as Sole Lead Manager and Bookrunner to the placement, which received strong support from existing shareholders and new institutional investors across Australia, North America and Europe.

Proceeds will be used to accelerate drilling at Mt Ida, progress development studies and advance early works, supporting Ballard’s planned activities through CY2026 and positioning the project for a Final Investment Decision.

Congratulations to Managing Director Paul Brennan, Chair Simon Lill, Executive Director & CFO Tim Manners, and the entire Ballard Mining team on the successful completion of the raising. Argonaut’s Corporate Finance team was led by Edward Rigg, Rob Telford, and Michael Paganin, with ECM syndication directed by Chris Wippl and Digby Gilmour.

For more information, visit the Ballard Mining website here.