Slide 1: Investor Update
Investor Update May 2023 Au Ag Cu
Slide 2: Disclaimer
Disclaimer Cautionary Statement Certain statements made during or in connection with this statement contain or comprise certain forward- *4 – “Ruddygore IP Survey confirms large copper target” released on 10 November 2021 looking statements regarding the Company’s Mineral Resources, exploration oper
Slide 3: Ballymore Strategy - discovering and developing the next major gold-base metal mine
Ballymore Strategy - discovering and developing the next major gold-base metal mine Project area has produced 40Moz gold as well as significant • Listed September 2021 (Ticker ASX:BMR) copper, lead, zinc and other critical minerals • Four highly prospective projects in prolific Queensland mineral be
Slide 4: Project Overview
Project Overview Four exciting, under-explored projects in prolific mineral belts in close proximity to infrastructure and operating mines Dittmer Project Ruddygore Project • Highest-grade gold mine in • Large tenement holding in Queensland when operating Chillagoe district (3.2Moz Au) • Numerous hi
Slide 5: Corporate Overview
Corporate Overview • The Ballymore team has driven successful outcomes and Board of Directors substantial shareholder value in mining over many years: Nick Jorss • Engineer and investment banker - Discovery / Delineation – Mount Wright (1.0Moz Au), Non Executive • Exec. Chair of Bowen Coking Coal Ra
Slide 6: Dittmer Project
Dittmer Project 6
Slide 7: Dittmer Project – major under-explored gold province
Dittmer Project – major under-explored gold province • Largest tenement holder – 2 granted ML’s & 488km2 of EPM’s • Gold first discovered in 1890’s • One of the highest-grade gold mines in Australia – average grade of 151.1g/t Au, 66.8g/t Ag and 2.8% Cu • Numerous historic mines • Limited modern exp
Slide 8: Dittmer Project – high-grade gold discovery
Dittmer Project – high-grade gold discovery • Dittmer mine never drilled prior to Ballymore in 2020 High-grade fault extension • Faulted bonanza extension discovered by first drilling to Dittmer Lode discovered program ➢ DTDD009: 4.3m @ 29.0 g/t Au, 11 g/t Ag & 0.81% Cu including 2.25m @ 54.9 g/t Au
Slide 9: Dittmer Project – successful drilling program
Dittmer Project – successful drilling program • To date 32 holes drilled for 5,703m • Excellent continuity • Significant intersections of veins over an area of 260m x 200m to date • Duffer lode structure is often >2m in true width & >20 metre-grams gold (up to 125 metre-grams Au) DTDD019: 3.85m @ 26
Slide 10: Dittmer Project – potential for major high grade gold project
Dittmer Project – potential for major high grade gold project • Dittmer potentially part of larger system • Extensive unexplored historic workings - potential for lodes to get larger at depth and at intersection of faults • Other exploration potential remains untested: - Porphyry copper targets (e.g
Slide 11: Ruddygore Project
Ruddygore Project 11
Slide 12: Ruddygore Project – Targeting major gold and base metal deposits
Ruddygore Project – Targeting major gold and base metal deposits • Large tenement holding of 558km2 • Same mineralised corridor as Red Dome and Mungana • Hosts several major historic mines • Exploring for bulk tonnage gold, copper and other base metal deposits 12
Slide 13: Ruddygore Target – shallow mineralisation discovered
Ruddygore Target – shallow mineralisation discovered • Major mineralised zone – 2.8km x 1.9km • Initial drilling targeted historic mine - Significant shallow copper intersections: ➢ BRURD002: 86m @ 0.47% Cu and 11 g/t Ag from 4m Incl 14m @ 0.90% Cu & 21 g/t Ag from 22m And 17m @ 0.76% Cu & 16 g/t Ag
Slide 14: Ruddygore Project – potential for large porphyry-skarn deposits
Ruddygore Project – potential for large porphyry-skarn deposits Ruddygore • Major mineralised system (2.8km x 1.9km) Maniopota • Along strike from Red Dome & Mungana • Extensive historic workings & significant soil anomaly Torpy’s Crooked Creek Scardons Bottom Camp Ruddygore RUD165: 0.26% Mo • High-
Slide 15: Ravenswood Project
Matthews Pinnacle Seventy Mile Mount Middle Mount Ravenswood Project 15
Slide 16: Ravenswood Project – surrounded by major gold deposits
Ravenswood Project – surrounded by major gold deposits • Targeting gold deposits in prospective Mount Leyshon Corridor • Tenement holding of 309km2 • Geological similarities to nearby Mount Leyshon (3.8 Moz Au) and Ravenswood (5.8 Moz Au) mines Mount Leyshon Mine – operated between 1995 and 2000 and
Slide 17: Seventy Mile Mount – testing major gold system
Seventy Mile Mount – testing major gold system • Successful initial drilling program • First drilling 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 5m @ 1.44 g/t Au) in BSMDD002 • Improving g
Slide 18: Day Dawn – newly discovered vein-hosted bonanza gold-silver deposit
Day Dawn – newly discovered vein-hosted bonanza gold-silver deposit • Extensive zone of historic workings and mineralisation over an area of 1,400m x 1,000m • Bonanza rock chip gold – silver results: o COR-270: 127.5 g/t Au, 708 g/t Ag & 2.83% Pb (Day Dawn) o COR-269: 71.8 g/t Au, 1460 g/t Ag & 2.76
Slide 19: Mount Molloy Project
Mount Molloy Project 19
Slide 20: Mount Molloy Project – under-explored copper VHMS belt
Mount Molloy Project – under-explored copper VHMS belt • Located 50 km northwest of Cairns • Recently granted EPM covering 78km2 • High-grade VHMS copper deposit • Discovered in 1883 and mined from 1883 to 1942 - Mining targeted ore zones assaying up to 20% Cu - Produced 43,600 tons ore for 3,900 to
Slide 21: Moving Forward
Moving Forward 21
Slide 22: A Promising Start – And an Exciting Future…
A Promising Start – And an Exciting Future… • 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 Dittmer Lode - Ruddygore –p
Slide 23: Contact Us
Contact Us: Registered Office Suite 606, Level 6, 10 Market Street, Brisbane QLD 4000 Phone +617 3212 6299 Email investors@ballymoreres.com Website www.ballymoreresources.com 23