Ballymore Resources Limited · ASX:BMR
Ballymore Resources — Noosa Mining Conference 2021
20 slides from Ballymore Resources's conference presentation, Nov 11, 2021
Slide 1: Noosa Mining Conference
For personal use only Noosa Mining Conference Au Ag Cu 11 November 2021
Slide 2: Disclaimer – Cautionary Statement
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 *2
Slide 3: Ballymore Resources – Investment Highlights
Ballymore Resources – Investment Highlights For personal use only 1 2 3 Three highly prospective projects Drill ready targets to test Experienced team with in prolific Queensland mineral belts high priority areas: track record of success: Extensive historic workings for gold, copper, silver, Major d
Slide 4: Project Overview – under-explored projects in prolific mineral belts
Project Overview – under-explored projects in prolific mineral belts For personal use only Ruddygore Project (558 km2) Large copper porphyry target • Extensive historic workings • Rock chips up to 32.5% Cu & 471 g/t Ag • Major porphyry target defined at Ruddygore Ravenswood Project (309 km2) Drill r
Slide 5: Ravenswood Project
For personal use only Matthews Pinnacle Seventy Mile Mount Middle Mount Ravenswood Project 5
Slide 6: Ravenswood Project – surrounded by major gold deposits
Ravenswood Project – surrounded by major gold deposits For personal use only Targeting major gold deposits in Mt Leyshon Corridor • Geological similarities to nearby Mount Leyshon (3.8 Moz Au) and Ravenswood (4.8 Moz Au) mines • Joint venture with ActivEx – have earned 51% stake with pathway to 100%
Slide 7: Ravenswood Project – Mount Leyshon Corridor
Ravenswood Project – Mount Leyshon Corridor For personal use only Highly prospective Mount Leyshon Corridor hosts widespread precious and base metal mineralisation – many targets inadequately tested 7
Slide 8: Seventy Mile Mount area – another Mount Leyshon?
Seventy Mile Mount area – another Mount Leyshon? For personal use only • The Seventy Mile Mount area is located 5 km from the major Mount Leyshon Mine (3.8 Moz) • Many similarities to Mount Leyshon and Mount Wright but remains poorly explored Mount Seventy Mile Leyshon Mount Hydrothermal breccia sys
Slide 9: Seventy Mile Mount – bulk tonnage gold breccia target
Seventy Mile Mount – bulk tonnage gold breccia target For personal use only Large breccia and alteration zone • Significant drill intersections into intrusive breccia on side of hill • Most drilling has not specifically targeted this intrusive breccia and most intersections are in the top 100m – lar
Slide 10: Ravenswood Project – multiple additional targets in prolific corridor
Ravenswood Project – multiple additional targets in prolific corridor For personal use only Significant shallow drill results requiring follow-up: Middle Mount: 4 m @ 301 g/t Au (PSMR15: 32–36m) King Solomon 145 g/t Au & 16 g/t Ag King Solomon: 8 m @ 7.7 g/t Au (KRC06: 26–34m) Red Dust: 2 m @ 13.3 g
Slide 11: Dittmer Project
For personal use only Dittmer Project 11
Slide 12: Dittmer Project – targeting bulk tonnage gold and copper deposits
Dittmer Project – targeting bulk tonnage gold and copper deposits For personal use only Under-explored historic gold and mineral field • Exploring for bulk-tonnage vein-hosted and breccia-hosted gold deposits as well as porphyry Cu deposits within 488 km2 of permits • Similarities with Ravenswood –
Slide 13: Around Dittmer Mine – Aiming to bulk up high-grade gold lodes
Around Dittmer Mine – Aiming to bulk up high-grade gold lodes For personal use only Under-explored historic gold and mineral field • Dittmer was the largest gold mine in region - historically produced 55,000 oz Au, 23,000 oz Ag and 660,000 lb Cu at mined grade of 151 g/t Au, 66 g/t Ag and 2.8% Cu (a
Slide 14: Dittmer Area - Multiple Regional Targets within high grade goldfield
Dittmer Area - Multiple Regional Targets within high grade goldfield For personal use only Extensive regional workings – additional bulk targets include: • Andromache – Bulk tonnage copper gold porphyry target • Cedar Ridge – High grade veins over 700m strike • Golden Treasure – Large porphyry intru
Slide 15: Dittmer Mine – High grade historic workings
Dittmer Mine – High grade historic workings LAMINGTON For personal use only Drilling has recognised Dittmer Re-accessed mine to test for extensions with underground drilling and sampling Shear which displaces the high- - 2.0 m at 5,395 g/t Ag & 2.08% Cu1 grade Duffer Lode - 3.0m @ 6.37 g/t Au2 - 9.1
Slide 16: Ruddygore Project
For personal use only Ruddygore Project 16
Slide 17: Ruddygore Project – Copper porphyry and skarn mineralisation
Ruddygore Project – Copper porphyry and skarn mineralisation For personal use only Major copper-silver porphyry target at Ruddygore • Area mined in the early 1900s but little modern exploration • Additional bulk polymetallic targets at Maniopota and Torpy’s Crooked Creek • Historic mines sit within
Slide 18: Ruddygore Mine – bulk tonnage porphyry copper target
Ruddygore Mine – bulk tonnage porphyry copper target For personal use only IP survey confirms large copper target • Mined 29,293 t @ 3.9% Cu, 56 g/t Ag (1903 & 1909) • Porphyry style mineralisation hosted in stockworks, veins and breccias • Major soil sampling program defined 32.5% Cu & 477 g/t Ag 2
Slide 19: Forward work plan – multiple drill targets to drive near term news flow
Forward work plan – multiple drill targets to drive near term news flow For personal use only Over 10,000m of drilling is planned over multiple advanced targets over the next 18 months: • Ravenswood Project Drilling • Seventy Mile Mount gold target (underway) • Matthews Pinnacles copper-gold target
Slide 20: Corporate Snapshot
Corporate Snapshot For personal use only ASX code BMR Shares on Issue 121,357,889 Market Cap (as at 8/11/2021) $27.9m Cash $6.2m Enterprise Value $21.7m Options on Issue: 5,520,000 For further information: David A-Izzeddin Technical Director Ballymore Resources Board members (l to r) Andrew Gilbert,