Ballymore Resources (ASX:BMR) has reported further high-grade silver, lead, zinc, and indium results from its Torpy's discovery at the Ruddygore Project in North Queensland. The first assays from a 22-hole drilling programme have extended mineralisation closer to surface, reinforcing the company's geological model of multiple high-grade mineralised shoots at the prospect.

The standout intercept came from hole BTPRC010, which returned 14 metres at 76.6g/t silver, 3.43% lead, 2.32% zinc, and 3.7g/t indium from a depth of 76 metres. This included a higher-grade interval of three metres at 249.6g/t silver, 12.19% lead, 6.05% zinc, and 8.3g/t indium. Individual samples from the programme also returned grades of up to 434.4g/t silver and 27.09% lead. Indium, a critical mineral used in semiconductors, flat-panel displays, and thin-film solar cells, is relatively uncommon as a primary target in Australian exploration, and its presence at economically notable grades adds a distinct dimension to the polymetallic system at Torpy's.

The two holes assayed to date targeted up-dip extensions of mineralisation and intersected broad zones of massive to semi-massive sulphides dominated by galena and sphalerite, confirming continuity of the mineralised system. The relatively shallow depths of the intercepts — starting from 76 metres — are relevant because shallow mineralisation can materially affect potential future mining economics by reducing overburden removal requirements compared to deeper systems.

Managing Director David A-Izzeddin said: "Torpy's continues to deliver. These latest results have extended high-grade mineralisation closer to surface and provide further evidence of multiple high-grade shoots."

Drilling resumed in May 2026 following the wet season, with Ballymore completing 22 holes totalling 2,673 metres across the Torpy's and Little Torpy's prospects. Assays have been received for only the first two holes, with numerous additional intersections awaiting laboratory results. Several holes from the current campaign have already reported significant visual sulphide mineralisation. With 20 of 22 holes still pending assay, the current results represent an early read on a substantially larger dataset expected to be released progressively.

Beyond the drilling programme, Ballymore noted that gravity surveys, geological mapping, and rock-chip sampling continue to identify new targets across the broader Torpy's district. The company stated that the combination of shallow, high-grade mineralisation, strong geological controls, and an expanding pipeline of drill targets supports the potential to grow the mineralised footprint and advance Torpy's towards a maiden Mineral Resource estimate. A maiden resource would mark a key de-risking milestone for the project, providing a first formal quantification of tonnage and grade that underpins subsequent exploration and development decisions.