Ballymore Resources Limited has released encouraging metallurgical test results from its flagship Dittmer Project in Queensland, showcasing excellent recoveries of gold, silver and copper using both flotation and cyanide leaching processes. Preliminary flotation tests produced a concentrate with a record assay of 208 g/t gold, 91.5 g/t silver and 2.7% copper, with recoveries reaching 96.5% for gold, 80.2% for silver and 87.8% for copper. These promising findings follow extensive bench-scale tests that evaluated rougher, cleaner and optimised flotation methods, and they point toward the potential of producing a marketable precious metals concentrate with further scaling. In parallel, cyanide leaching tests delivered highly favourable results with up to 98.7% gold recovery at 48 hours and 89.5% for silver, while copper extractions remained within industry standards. Non-cyanide leach options have also demonstrated strong recoveries, with tests achieving approximately 95-97% gold extraction on primary ore and flotation concentrate samples. The company is optimistic that these improvements in processing recoveries will support ongoing discussions with regional third-party processors as it plans to restart operations at one of Queensland’s highest grade gold mines. The test work was carried out by Core Resources Pty Ltd and EnviroMetal Technologies, who helped refine the flow sheet and benchmark alternative cyanide-replacement technology. The newer, more sustainable technology operates at near-neutral pH conditions, enables reagent recycling and allows significant water reuse, aligning with future operating and sustainability commitments. Ballymore is also actively advancing its expanded mining lease application that could unlock additional underground mineralisation and extend the life of the Dittmer Project. Bullish sentiment is underpinned by the robust recovery rates across several processing methods, the demonstrated potential of the cyanide-replacement technology and strong technical fundamentals. The company’s well-funded work program for 2025, including further technical reviews, additional drilling and ore sorting trials, suggests a dedicated roadmap toward operational restart and value creation. Conversely, the bearish perspective highlights that while metallurgical test results are promising, they remain at the pilot stage. The transition from bench-scale testing to bulk processing may present unforeseen technical and economic challenges. Additionally, market volatility in commodity prices and regulatory hurdles around restarting mining operations could impact near-term progress, prompting cautious optimism among investors. Overall, the recent test work from Ballymore Resources Limited is seen as a positive technical indicator that supports its long-term strategy, though investors are advised to closely monitor the risks associated with scaling up operations and finalising process economics.