Ballard Mining Limited · ASX:BM1
Ballard Mining — Investor Presentation (September 2026)
17 slides from Ballard Mining's investor presentation, Sep 24, 2026
Slide 1: High-Grade Gold. Growing. Permitted. Drill & Build.
ASX: BM1 For personal use only HIGH-GRADE GOLD. GROWING. PERMITTED. DRILL & BUILD. Mineral Resource grows to +1.84 Moz September 2026
Slide 2: Disclaimer
DISCLAIMER The following notices and disclaimers apply to this Presentation ("Presentation") and you are therefore advised to read this NOT FINANCIAL PRODUCT ADVICE 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 basis of
Slide 4: Simple Proposition: Drill and Build
SIMPLE PROPOSITION Drill and Build For personal use only Funded to FID Permitted. Standalone scale +1.84 Moz and growing ASX: BM1 4
Slide 5: Plan A – Targeting Standalone Scale
PLAN A – TARGETING STANDALONE SCALE FY2026 Resource drilling exceeds expectations in scale and grade at Mt Ida For personal use only 5
Slide 6: Corporate Summary
CORPORATE SUMMARY De-risked balance sheet and share register. 24% institutional shareholders CORPORATE STRUCTURE BOARD & KEY MANAGEMENT PERSONNEL For personal use only 454 Million 29 Million Shares on issue Performance Rights & Options SIMON LILL PAUL BRENNAN TIM MANNERS Non-Executive Chair Managing
Slide 7: Delivering High-Grade Resource Growth
DELIVERING HIGH-GRADE RESOURCE GROWTH Mineral Resource Estimate1 (MRE) increases to +1.84Moz Mt Ida Global Mineral Resource increases by 658 koz (56%) to: For personal use only 20.4 Mt @ 2.8 g/t for 1.84 Moz gold Cornerstone high-grade Baldock deposit resource increases 35% to: 12.2 Mt @ 3.5 g/t for
Slide 8: Delivering High-Grade Resource Growth
DELIVERING HIGH-GRADE RESOURCE GROWTH Mineral Resources1 have grown at +100 koz per month since February 2026 • Significant MRE growth achieved across Baldock, Deposit Feb 26 MRE (koz) Sep 26 MRE (koz) Increase (koz) Increase (%) and regional deposits West Knell and Golden Vale For personal use only
Slide 9: Baldock Deposit Growth Potential
BALDOCK DEPOSIT GROWTH POTENTIAL Baldock Open Pit contains 516 koz @ 3.5 g/t gold with 85% in the JORC Indicated category1 Baldock Underground contains 847 koz @ 3.4 g/t gold with further extension potential tested in FY271 For personal use only High-grade hits 300m along strike of the OPEN MRE and
Slide 10: Baldock Deposit Growth Potential
BALDOCK DEPOSIT GROWTH POTENTIAL Baldock is now 3.3km-long within a 500m wide corridor and extends to at least 600m vertically Mineralisation intersected a further 1.2km south of the MRE along the Baldock Shear → 4.5km total strike For personal use only S 1. Refer to the Ballard Announcement dated 2
Slide 11: Baldock Deposit Growth Potential
BALDOCK DEPOSIT GROWTH POTENTIAL Orogenic deposits plumb deep • Mt Ida considered analogous to Gold Fields’ +10Moz Agnew gold camp by renowned Structural For personal use only Geologist Dr Sarah Jones o Same large granite intrusion • Agnew 1.4km deep1 mine ~150km north • Ora Banda Riverina mine +1km
Slide 12: Satellite Opportunities Emerging
SATELLITE OPPORTUNITIES EMERGING West Knell and Golden Vale each grow by ~100koz 1.7km West Knell For personal use only • MRE has grown by 258% to 147 koz1 • Comprises several deposits • Mineralised corridor ~490 metres wide • Mineralisation appears to extend a further 1.9km south to join the Neptun
Slide 13: Fully Permitted & Infrastructure Works Underway
FULLY PERMITTED & Infrastructure Works underway Fundamental differentiator from other gold developers • All Mineral Resources on 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.
Slide 14: Plan A – Standalone
PLAN A – Standalone Achieved +1.5 Moz to bank it → now de-risking AND growing to 2.0 Moz to build it ` FY27 Drill and Build Sep Q Dec Q Mar Q Jun Q For personal use only Growth GROWTH DRILLING (Baldock + Regional Targets) Grow to 2 Moz MRE target INFILL DRILLING (converting Inferred Resources to Ind
Slide 15: Investment Highlights
INVESTMENT HIGHLIGHTS Drill and Build For personal use only PRIME LOCATION ON THE WAY TO STANDALONE FULLY PROVEN TEAM MULTIPLE Heart of the WA +2 MOZ SCALE PERMITTED Experienced gold VALUE DRIVERS Eastern Goldfields with +1.84 Moz MRE Targeting a 10 year mine All Mineral Resources mine developers an
Slide 16: Appendix – Mineral Resource Estimate
ASX: BM1 For personal use only APPENDIX – MINERAL RESOURCE ESTIMATE
Slide 17: Mineral Resource Estimate – September 2026
MINERAL RESOURCE ESTIMATE – SEPTEMBER 2026¹ Indicated Inferred Total Cut-off` Deposit Tonnes (kt) Grade (g/t Au) Ounces (koz) Tonnes (kt) Grade (g/t Au) Ounces (koz) Tonnes (kt) Grade (g/t Au) Ounces (koz) Baldock 3,530 3.9 437 1,010 2.5 79 4,540 3.5 516 Kestrel 940 1.6 48 940 1.6 48 For personal us
Ballard Mining — Investor Presentation (September 2026) on 6ix