Slide 1: Permitted. Funded to FID. Targeting Standalone Scale.
For personal use only Permitted. Funded to FID. Targeting Standalone Scale. MiningNews Select Sydney 2026 9 March 2026 ballardmining.com.au
Slide 2: Disclaimer
DISCLAIMER The following notices and disclaimers apply to this Presentation ("Presentation") and you are therefore advised to NOT FINANCIAL PRODUCT ADVICE read this 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 MINERAL RESOURCE ESTIMATE (MRE) The information contained in this Presentation has been prepared in good faith by Ballard. However, no guarantee, Information in this Presentation that relates to exploration results, the data and geological interpretation used as the represent
Slide 4: Plan A - Targeting Standalone Scale
“PLAN A” - TARGETING STANDALONE SCALE. $50M Exploration Budget for CY2026. 220,000m drill program planned Vault Minerals (ASX:VAU) $30M1 Exploration Budget For personal use only Genesis Minerals (ASX: GMD) $40-$50M2 Exploration Budget Ora Banda Mining (ASX: OBM) $73M3 Exploration Budget 1. Refer to
Slide 5: Fully Permitted
FULLY PERMITTED. Fundamental differentiator from other gold developers • Granted Mining Leases For personal use only • 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 TSF • Approved Native Vegetatio
Slide 6: Leverage off De-risked & Fully Permitted Baldock
LEVERAGE OFF DE-RISKED & FULLY PERMITTED BALDOCK 1Moz Resource. Includes Indicated Resource Category of 669koz @ 3.7g/t1 - 500 1,000 1,500 2,000 2,500 3,000 For personal use only 40 mbs 120 mbs Top 350m of 200 mbs Resource averages 2,279 OVM 280 mbs 360 mbs 440 mbs 520 mbs 600 mbs 680 mbs 760 mbs BA
Slide 7: Orogenic Gold Deposits Plumb Deep
OROGENIC GOLD DEPOSITS PLUMB DEEP Five (5) drill rigs currently operating at Baldock: 2 RC (Pre-collars) + 3 Diamond For personal use only • Mt Ida considered analogous to the +10Moz Agnew gold camp (~150km north) by renowned Structural Geologist Dr Sarah Jones • Orogenic orebodies typically “plumb
Slide 8: Regional Prospects
53 REGIONAL PROSPECTS Swallow the Elephant one bite at a time • Initially targeting growth at existing “Satellite Resources” o Provide additional production uplift to baseload feed For personal use only from Baldock o Expected to be (initial) open pits which also provide oxide/transitional blending
Slide 9: Top-down goal of 100koz pa
Top-down goal of 100koz pa over initial 8 – 10 Years This is how we get there: FY26 FY27 Mar Q Jun Q Sep Q Dec Q Mar Q Jun Q For personal use only Final Investment Decision* DFS & FID WINDOW Top-down Goal: 100kozpa for 8-10 years Resource Growth MRE of 1.5 - 2.0 Moz will support this GROWTH DRILLING
Slide 10: Corporate Summary
CORPORATE SUMMARY January $61M Placement: De-risked Balance Sheet and Future Proofed Register Corporate Structure Board & Key Management Personnel (previous roles) For personal use only Shares on Issue 454 Million Chair Simon Lill (De Grey) Performance Rights & Options Managing Director Paul Brennan
Slide 11: Investment Highlights
I N V E ST M E N T H I G H L I G H TS Fully Permitted. Funded to FID. Targeting standalone scale For personal use only LOCATION → Heart of the WA Eastern Goldfields with +15Mtpa Processing Capacity and deep orebodies proximal MINERAL RESOURCE ESTIMATE → 1.2Moz, including 1Moz at Baldock. Expect high
Slide 12: Appendix A: Mineral Resource Estimate
For personal use only Appendix A Mineral Resource Estimate 12 ballardmining.com.au
Slide 13: Mineral Resource Estimate - February 2026
A MINERAL RESOURCE ESTIMATE – FEBRUARY 20261 Indicated Inferred Total Cut off Deposit Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces For personal use only (000s) g/t Au (000s) (000s) g/t Au (000s) (000s) g/t Au (000s) Baldock 2,916 3.9 362 395 2.6 33 3,311 3.7 395 Kestrel 940 1.6 48 940