Ballymore Resources Limited · ASX:BMR
Ballymore Resources — Investor Presentation (October 2022)
26 slides from Ballymore Resources's investor presentation, Oct 28, 2022
Slide 1: Capital Raise Presentation
For personal use only Capital Raise Presentation Au Ag Cu October 2022
Slide 2: Disclaimer
Disclaimer Cautionary Statement For personal use only Certain statements made during or in connection with this statement contain or comprise certain *1 - Ballymore Prospectus released on 1 September 2021 forward-looking statements regarding the Company’s Mineral Resources, exploration operations an
Slide 3: Investment Highlights
Investment Highlights For personal use only • Portfolio of four highly prospective projects located in prolific Project area has produced 40Moz gold as well as significant Queensland mineral belts - under-explored by modern techniques copper, lead, zinc and other critical minerals • Extensive histor
Slide 4: Project Overview
Project Overview Four exciting, under-explored projects in prolific mineral belts in close proximity to infrastructure and operating mines For personal use only Dittmer Project Ruddygore Project • Highest-grade gold mine in • Major tenement holding in Queensland with numerous Chillagoe mining distri
Slide 5: Delivering on the Plan
Delivering on the Plan For personal use only PROJECT PLANNED ACTIVITY STATUS COMMENT • BMR listed in September 2021 DITTMER • Substantial work already completed and over 85% Drilling - Dittmer / Loch Neigh P ● Dittmer drilling discovered faulted high-grade extension to high-grade Duffer Lode inlcudi
Slide 6: Dittmer Project
For personal use only Dittmer Project 6
Slide 7: Dittmer Project – major under-explored gold province
Dittmer Project – major under-explored gold province For personal use only Under-explored historic gold and mineral field • Largest tenement holder • One of the highest-grade gold mines in Queensland with numerous historic mines within 1km of Dittmer mine • Limited modern exploration • Similar style
Slide 8: Dittmer Project – major high-grade gold discovery
Dittmer Project – major high-grade gold discovery For personal use only • Faulted bonanza extension to one of the highest-grade gold mines in High-grade fault extension Queensland, discovered by first drilling into target to Dittmer Lode discovered ➢ DTDD009: 4.3m @ 29.0 g/t Au, 11 g/t Ag & 0.81% Cu
Slide 9: Dittmer Project – potential for major high grade gold project
Dittmer Project – potential for major high grade gold project • Dittmer has potential to host an extensive high-grade vein-hosted gold deposit similar For personal use only to Agnico Eagle’s Fosterville Gold Mine About Fosterville • Gold first discovered in the Fosterville area in 1894 • Present-day
Slide 10: Ruddygore Project
For personal use only Ruddygore Project 10
Slide 11: Ruddygore Project – Targeting major gold and base metal deposits
Ruddygore Project – Targeting major gold and base metal deposits For personal use only • Major tenement holding on same mineralised corridor as Red Dome and Mungana mines (3.2 Moz Au) • Exploring for bulk tonnage Cu-Au-Pb-Zn-Ag deposits Ruddygore Mine Chillagoe Smelter Torpys Plant Ruddygore Pit Cop
Slide 12: Ruddygore Project – shallow mineralisation discovered
Ruddygore Project – shallow mineralisation discovered For personal use only • Drill program targeted coincident soil and geophysics anomalies near historic mine • Broad zones of mineralisation intersected • 6 holes completed for 1,800m around mine • Significant shallow copper intersections reported
Slide 13: Ruddygore Project – potential for large porphyry-skarn deposits
Ruddygore Project – potential for large porphyry-skarn deposits • The Ruddygore Project has potential to host similar porphyry style For personal use only mineralisation as seen in other local examples including Red Dome and Mungana - Red Dome: Produced 1 Moz Au, 75kt Cu and 7 Moz Ag (1986 – 1997)1
Slide 14: Ravenswood Project
For personal use only Matthews Pinnacle Seventy Mile Mount Middle Mount Ravenswood Project 14
Slide 15: Ravenswood Project – surrounded by major gold deposits
Ravenswood Project – surrounded by major gold deposits For personal use only Targeting gold deposits in prospective Mount Leyshon Corridor • Highly prospective area in prolific gold district • Geological similarities to nearby Mount Leyshon (3.8 Moz Au) and Ravenswood (5.8 Moz Au) mines Mount Leysho
Slide 16: Seventy Mile Mount – testing major gold system
Seventy Mile Mount – testing major gold system For personal use only Successful initial drilling program • First drilling completed in the area since 2004 reported shallow, broad gold intersections: ➢ 40m @ 1.06 g/t Au from 47m (incl 3m @ 9.38 g/t Au) in BSMDD001 ➢ 15m @ 0.55 g/t Au from 76m (incl 5
Slide 17: Day Dawn – newly discovered vein-hosted bonanza gold-silver deposit
Day Dawn – newly discovered vein-hosted bonanza gold-silver deposit For personal use only Outstanding Gold Target on Mount Leyshon Corridor • Recent mapping has highlighted an extensive zone of historic workings and mineralised quartz veining over an area of 1,400m x 1,000m • Rock chip sampling has
Slide 18: Ravenswood Project – numerous gold targets on Mount Leyshon Corridor
Ravenswood Project – numerous gold targets on Mount Leyshon Corridor Seventy Mile Mount Prolific Charters Towers Gold Province For personal use only • District has produced over 16Moz Au and hosts major gold deposits including: - Charters Towers: vein-hosted deposit that has produced 6.6 Moz Au (187
Slide 19: Capital Raise Overview
For personal use only Capital Raise Overview 19
Slide 20: Capital Raising Summary
Capital Raising Summary For personal use only • Placement to institutional and qualified investors to raise up to $2.9m (“Placement”) through the issue of approximately 18.2m fully paid new ordinary shares (“New Shares”) • The Placement is offered at fixed price of $0.16 per New Share, representing
Slide 21: Sources and Uses of Funds
Sources and Uses of Funds For personal use only Sources of funds Cash at bank (as at 30-Sept-22) $1.3m Proceeds from Placement $2.9m Total $4.2m Use of funds Exploration costs $3.2m • Dittmer $1.4m • Ruddygore $0.8m • Ravenswood $0.8m • Mount Molloy $0.2m Corporate Costs & Working Capital $0.9m Capi
Slide 22: Indicative Timetable
Indicative Timetable For personal use only Indicative timetable Date Trading halt Wednesday, 26 October 2022 Record date for SPP 7.00pm (AEDT) Thursday, 27 October 2022 Trading halt lifted – Shares recommence trading on ASX Friday, 28 October 2022 Settlement of Placement Wednesday, 2 November 2022 A
Slide 23: A Promising Start – And an Exciting Future…
A Promising Start – And an Exciting Future… For personal use only • About Ballymore Resources - Listed in September 2021 - Substantial work already completed - Well funded and over 85% of funds going into the ground • Four quality projects - Dittmer – discovered faulted extension to high-grade Dittm
Slide 24: Corporate Overview
For personal use only Corporate Overview 24
Slide 25: Corporate Overview
Corporate Overview For personal use only Corporate Information Board of Directors ASX Code BMR Nick Jorss 30 years in engineering, investment banking Non Executive Chairman and resources. Currently Executive Chair of Share Price (as at 25/10/2022) $0.19 B. Eng. MBA Bowen Coking Coal and founding MD
Slide 26: Contact Us
Contact Us: Registered Office Suite 606, Level 6, 10 Market Street, For personal use only Brisbane QLD 4000 Phone +617 3212 6299 Email investors@ballymoreres.com Website www.ballymoreresources.com 26
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