Ballymore Resources Limited · ASX:BMR
Ballymore Resources — Investor Presentation (April 2024)
20 slides from Ballymore Resources's investor presentation, April 2024
Slide 1: Discovering Queensland's next major Gold and Copper Mine
Discovering Queensland’s next major Gold and Copper Mine Investor Update April 2024
Slide 2: Disclaimer
Disclaimer Cautionary Statement *5 – “Acquisition of 100% of Ravenswood Project” released on 18 November 2021 *6 – “Seventy Mile Mount Drilling & CEI Drill Hole Completed” released on 14 December 2021 Certain statements made during or in connection with this statement contain or comprise certain for
Slide 3: To restart Australia's highest-grade gold mine at Dittmer
Strategy To restart Australia’s highest-grade gold mine at Dittmer. • Studies to validate a rapid, low CAPEX restart opportunity at our Dittmer Gold Project with major recent investment by Taurus. • Immediate goal is to delineate the Dittmer resource, to support pathways to production, while continu
Slide 4: Success driven leadership team
Success driven leadership team We’ve driven successful outcomes and substantial shareholder value in mining over many years: Discovery / Delineation • Mount Wright (1.0Moz Au) Andrew Greville David A-Izzeddin Nick Jorss Andrew Gilbert • Ravenswood (4.8Moz Au) Non-Executive Chairman Executive Directo
Slide 5: High-quality exploration portfolio
High-quality Quality targets competing for capital exploration portfolio 01 02 03 04 Dittmer Project Ravenswood Project Ruddygore Project Mt Molloy Project Au, Cu, Ag Au, Ag Cu, Au, Ag, Zn, Pb,Mo,W Cu, Zn, Ag 20km west of Proserpine, Qld Charters Towers, Qld Chillagoe, Qld 50km north-west of Cairns,
Slide 6: Dittmer Project: near term production path
Dittmer Project Mt Carlton Mine Key Town Near term production path with large 1.1 Moz Au 80km Road footprint of workings never drilled. Rail BMR EPM EPM26912 BMR ML Hosts the historic Dittmer mine - one of Airlie Beach Other ML the highest-grade gold mines in Australia Mineral occurrence when in ope
Slide 7: Transformational partnership with Taurus
Transformational Non-dilutive funding secured to advance Dittmer Project partnership with Taurus $11.1 million total funding package, including $7.5 million directly on Dittmer via Taurus Royalty funding. Proceeds will be used to: Terms: • Taurus Funds Management has acquired a variable gross • Acce
Slide 8: Dittmer Project: Re-Opened Historic Mine
Dittmer Project Re-Opened Historic Mine ASX BMR | 8
Slide 9: Dittmer Project: High-grade gold discovery
Dittmer Project High-grade gold discovery BMR drilling has confirmed that main lode has been displaced and continues less than 30m away from historic workings. DISPLACED Number of drill holes Drilling in Stage 1-4 Drilling highlights LODE intersected lode (Stage 1-4) DTDD009 4.3m @ 29.0g/t Au, 11g/t
Slide 10: Dittmer Project: Stage 4 drilling
Dittmer Project Stage 4 drilling Initial drill assay results received for the DTDD032 Stage 4 program* – more results coming High-grade gold intersections include: DTDD031 2.9m @ 16.01 g/t Au from 109.6 m including 0.9m @ 51.21 g/t Au from 109.6m DTDD032 3.15m @ 8.99 g/t Au from 93.85m including 0.3
Slide 11: Dittmer Project: High-grade gold discovery
Dittmer Project High-grade gold discovery Stage 4 drilling of 3,000m complete. Historic lode mined: • >54,000 oz produced at 151.1 g/t Au from historic workings* • 10,600 oz @ 6 g/t reported in-situ in backfill**. • Drilling has recognised new ore body that is open in all directions - extends over l
Slide 12: Dittmer Project: Regional potential
Dittmer Project Preparations underway to commence Regional Potential surface drilling program, targeting this major system Major mineralised system Dittmer Looking West identified in Dittmer area with only limited exploration and drilling completed. 2km of other shallow historic workings. Work compl
Slide 13: Dittmer Project: Moving towards production
Dittmer Project Moving towards production Mine restart scoping studies underway: • Preliminary metallurgical test work completed* • Mineral resource delineation and analysis in progress • Infill drilling targeting high grade zones within ML complete with step-out drilling planned Infill Drill Progra
Slide 14: Collaborative Exploration Initiative (CEI) Grants
Collaborative Exploration Ballymore awarded two grants totalling A$600,000* Initiative (CEI) Grants A$300,000 to conduct low level heli-borne gradient A$300,000 to conduct a heli-borne electro-magnetic Magnetic and Radiometric survey over the entire survey (AEM) at Maniopota prospect – scheduled for
Slide 15: Ruddygore Project
Ruddygore Project Targeting major gold and base metal deposits. Prolific historic mining district • Project lies in the same mineralised corridor as Red Dome & Mungana mines (3.2Moz Au). Major historic mines within Ruddygore Project: • Ruddygore – major shallow, copper system with historic workings
Slide 16: Ravenswood Project
Ravenswood Project Gold from Pinnacle Area Drill-ready targets in 17Moz gold province. Geological similarities to the nearby Mount Leyshon (3.5 Moz Au), Ravenswood (4.9 Moz Day Dawn Au) & Mount Wright mines (1.0 Moz Au). Old pits, quartz outcrop Mt Wright Rock chips up to 127.1g/t Au & 7,100 g/t Ag
Slide 17: Mt Molloy Project
Mt Molloy Project 50km north-west of Cairns, Queensland Acreage 78km2 Under-explored copper VHMS belt. Sampling confirms significant copper system over 3km long corridor • High-grade copper-zinc-silver mineralisation. Sampling of the mineralised horizon has reported significant high-grade copper res
Slide 18: A successful start. An exciting future.
A successful start. An exciting future. Four quality projects in Queensland’s best mining districts with gold, copper and critical minerals: 01 02 Dittmer Project Ravenswood Project Au, Cu, Ag Au, Ag Large-scale gold system. Drill-ready targets in 17Moz gold Restart studies underway on high- provinc
Slide 19: Corporate snapshot
Corporate snapshot Share price Market capitalisation Gold price (USD/oz) $2336 Copper price (USD/lbs) $4.28 12 months to 11 April 2024 12 months to 11 April 2024 A$0.132c A$22.97m $2041 $4.12 As at 11 April 2024 As at 11 April 2024 52 week high $0.165, low $0.085 Shares on issue Cash ASX Share price
Slide 20: eNews
Ballymore Resources Ltd Suite 606, Level 6 ABN 72 632 893 611 10 Market Street Brisbane, ASX:BMR Queensland, 4000 Australia David A-Izzeddin Technical Director eNews daizzeddin@ballymoreres.com Join the conversation Follow us Subscribe to our e-news: +61 7 3212 6299 twitter.com/BallymoreRes https://
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