Ballard Mining Limited · ASX:BM1
Ballard Mining — Canaccord Genuity Annual Global Metals & Mining Conference 2026
15 slides from Ballard Mining's conference presentation, May 18, 2026
Slide 1: High-Grade Gold. Growing. Permitted. Drill & Build.
ASX: BM1 For personal use only HIGH-GRADE GOLD. GROWING. PERMITTED. DRILL & BUILD. Canaccord Genuity Annual Global Metals & Mining Conference 19-21 May 2026
Slide 2: Disclaimer
DISCLAIMER The following notices and disclaimers apply to this Presentation ("Presentation") and you are therefore advised to read this NOT FINANCIAL PRODUCT ADVICE carefully before reading or making any other use of this Presentation or any information contained in this Presentation. This Presentat
Slide 3: Disclaimer
DISCLAIMER NO LIABILITY The information contained in this Presentation has been prepared in good faith by Ballard. However, no guarantee, MINERAL RESOURCE ESTIMATE (MRE) representation or warranty expressed or implied is or will be made by any person (such as Ballard or its affiliates, directors, Fo
Slide 4: Corporate Summary
CORPORATE SUMMARY De-risked balance sheet and share register. 22% institutional shareholders CORPORATE STRUCTURE BOARD & KEY MANAGEMENT PERSONNEL For personal use only 454 Million 22 Million Shares on issue Performance Rights & Options SIMON LILL PAUL BRENNAN TIM MANNERS Non-Executive Chair Managing
Slide 5: "Plan A" - Targeting Standalone Scale
“PLAN A” - TARGETING STANDALONE SCALE A$50M Exploration Budget for CY2026. 220,000m drill program underway Vault Minerals (ASX:VAU) A$30M1 Exploration Budget For personal use only 9.6% ownership Genesis Minerals (ASX: GMD) A$40-A$50M2 Expln Budget Ora Banda Mining (ASX: OBM) A$73M3 Exploration Budge
Slide 6: Mt Ida - Competitive Strengths
MT IDA – COMPETITIVE STRENGTHS Permitted. Funded to FID. Targeting Standalone scale For personal use only 1.2 Moz MRE FULLY PERMITTED. +50 TARGETS +1Moz @ 3.5g/t Genuine shovel ready 53 Regional targets Cornerstone Baldock gold Project identified for testing deposit POTENTIAL WELL FUNDED ADVANCED AS
Slide 7: Baldock Deposit Growth Potential
BALDOCK DEPOSIT GROWTH POTENTIAL Feb 26 MRE: +1 Moz @ 3.5 g/t Resource in the top 350m. 670koz @ 3.7g/t Indicated. - 500 1,000 1,500 2,000 2,500 3,000 For personal use only 40 mbs 120… Top 350m of 200… Resource averages 2,279 OVM 280… 360… 440… 520… 600… 680… 760… BALD O CK FEB 2 0 2 6 M RE O UNCES
Slide 8: Baldock Deposit Growth Potential
BALDOCK DEPOSIT GROWTH POTENTIAL Orogenic deposits plumb deep • Mt Ida considered analogous to Gold Fields’ +10Moz Agnew gold camp by renowned For personal use only Structural Geologist Dr Sarah Jones o Same greenstone belt, same granite intrusion • Agnew 1.4km deep1 mine ~150km north • Ora Banda Ri
Slide 9: Regional Upside
REGIONAL UPSIDE Swallow the Elephant one bite at a time • Initially targeting growth at existing “Satellite Resources” For personal use only o Provide additional production uplift to baseload feed from Baldock o Expected to be (initial) open pits which also provide oxide/transitional blending source
Slide 10: New Satellite Opportunities Emerging
NEW SATELLITE OPPORTUNITIES EMERGING Ballard Fault: Shallow, high-grade mineralisation showing potential for scale For personal use only ASX: BM1 10
Slide 11: Plan A - Standalone
PLAN A – Standalone. 1.5Moz MRE targeted SepQ: Will give visibility over initial ~8 Year Mine Life, with first ~5 Years in Reserve FY26 FY27 Top-down Goal: 100kozpa for 8-10 years Mar Q Jun Q Sep Q Dec Q Mar Q Jun Q MRE of 1.5 - 2.0 Moz will support this For personal use only Entire Ballard workforc
Slide 12: Fully Permitted
FULLY PERMITTED Fundamental differentiator from other gold developers For personal use only • All Mineral Resources on Granted Mining Leases • Approved Mining Proposal and Mine Closure Plan for open pit and underground mining at Baldock • Works Approval granted for 2.0 Mtpa Process Plant and tailing
Slide 13: Investment Highlights
INVESTMENT HIGHLIGHTS Drill and Build For personal use only PRIME LOCATION GROWING TARGETING FULLY PROVEN TEAM MULTIPLE Heart of the WA RESOURCE STANDALONE PERMITTED Experienced gold UPCOMING Eastern Goldfields with 1.2Moz, including SCALE All Mineral Resources mine developers and CATALYSTS +15Mtpa
Slide 14: Appendix - Mineral Resource Estimate
ASX: BM1 For personal use only APPENDIX – MINERAL RESOURCE ESTIMATE
Slide 15: Mineral Resource Estimate - February 2026
MINERAL RESOURCE ESTIMATE – FEBRUARY 2026¹ Indicated Inferred Total Cut-off Deposit Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (‘000) g/t Au (‘000) (‘000) g/t Au (‘000) (‘000) g/t Au (‘000) For personal use only Baldock 2,916 3.9 362 395 2.6 33 3,311 3.7 395 Kestrel - - - 940 1.6 48
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