Ballymore Resources Limited · ASX:BMR
Ballymore Resources — Investor Presentation (June 2021)
30 slides from Ballymore Resources's investor presentation, June 2021
Slide 1: Investor Presentation
Investor Presentation Au Ag Cu June 2021 Strictly confidential
Slide 2: Cautionary statement
Cautionary statement This presentation has been prepared by Ballymore Resources Pty Ltd (BMR or the 4. The estimates, projections and forward looking statements contained in this Company), seeking expressions of interest to invest in the Company. It sets out presentation involve significant elements
Slide 3: Ballymore Resources IPO – Investment Highlights
Ballymore Resources IPO – Investment Highlights 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 drill campaign plan
Slide 4: Experienced Board and Management Team
Experienced Board and Management Team Track record in exploration success, developing mines and creating value NICK JORSS DAVID A-IZZEDDIN ANDREW GILBERT DUNCAN CORNISH Non-Executive Chairman Technical Director Director – Operations CFO/ Company Secretary 30 years in engineering, Geologist with 30 y
Slide 5: Project Overview – under-explored projects in prolific mineral belts
Project Overview – under-explored projects in prolific mineral belts 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 ready targets in 17 Moz
Slide 6: Ravenswood Project
Matthews Pinnacle Seventy Mile Mount Middle Mount Ravenswood Project Strictly confidential 6
Slide 7: Ravenswood Project – surrounded by major gold deposits
Ravenswood Project – surrounded by major gold deposits 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 with pathway to 100% ownership Mount Leyshon Mine – operated betwe
Slide 8: Ravenswood Project – Mount Leyshon Corridor
Ravenswood Project – Mount Leyshon Corridor Highly prospective Mount Leyshon Corridor hosts widespread precious and base metal mineralisation – many targets inadequately tested Strictly confidential 8
Slide 9: Seventy Mile Mount area – another Mount Leyshon?
Seventy Mile Mount area – another Mount Leyshon? • 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 system ✓ ✓ Polymetallic s
Slide 10: Seventy Mile Mount – bulk tonnage gold breccia target
Seventy Mile Mount – bulk tonnage gold breccia target 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 – large volume of breccia r
Slide 11: Ravenswood Project – multiple additional targets in prolific corridor
Ravenswood Project – multiple additional targets in prolific corridor 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/t Au (RD015: 59–61m)
Slide 12: Dittmer Project
Dittmer Project Strictly confidential 12
Slide 13: Dittmer Project – targeting bulk tonnage gold and copper deposits
Dittmer Project – targeting bulk tonnage gold and copper deposits 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 – 5.8 Moz gold district
Slide 14: Around Dittmer Mine – Aiming to bulk up high-grade gold lodes
Around Dittmer Mine – Aiming to bulk up high-grade gold lodes 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 (after hand- sorting) ma
Slide 15: Dittmer Area - Multiple Regional Targets within high grade goldfield
Dittmer Area - Multiple Regional Targets within high grade goldfield 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 intrusive anomaly featuring
Slide 16: Dittmer Mine – High grade historic workings
Dittmer Mine – High grade historic workings LAMINGTON Re-accessed mine to test for extensions with underground drilling and sampling Historic underground • Inaugural drilling from surface in 2020 reported: workings on high-grade - Bonanza grade of 2.0 m at 5,395 g/t Ag & 2.08% Cu at Loch Neigh lodes
Slide 17: Ruddygore Project
Ruddygore Project Strictly confidential 17
Slide 18: Ruddygore Project – Copper porphyry and skarn mineralisation
Ruddygore Project – Copper porphyry and skarn mineralisation Major copper-silver porphyry target at Ruddygore • Area mined in the early 1900s but little modern exploration • Additional bulk polymetallic targets include: - Maniopota – a lead-zinc-copper-gold-silver skarn deposit with workings over 1
Slide 19: Ruddygore Mine – bulk tonnage porphyry copper target
Ruddygore Mine – bulk tonnage porphyry copper target Extensive historic workings • Mined 29,293 t @ 3.9% Cu, 56 g/t Ag Ruddygore East (1903 & 1909) • Mineralisation hosted in stockworks, veins and breccias Ruddygore – 32.5% Cu & 477 g/t Ag • Major soil sampling program defined 2.8 km x 1.9 km polyme
Slide 20: Forward work plan – multiple drill targets to drive near term news flow
Forward work plan – multiple drill targets to drive near term news flow Over 10,000m of drilling is planned over multiple advanced targets over the next 18 months: • Ravenswood Project Drilling • Seventy Mile Mount gold target • Middle Mount gold target • Pinnacle Creek gold target • Ruddygore Proje
Slide 21: Capital structure / IPO
Capital structure / IPO ASX code BMR IPO Raising $7m at 20c (35m shares) Shares on Issue (post listing): 121,357,889 Market Cap (post listing): $24.3m Enterprise Value ($0.20): $17.3m Options on Issue: 5,520,000 Ballymore Resources Board members (l to r) Andrew Gilbert, Nick Jorss and David A-Izeddi
Slide 22: Use of IPO Funds – over 75% of the funds will go into the ground
Use of IPO Funds – over 75% of the funds will go into the ground Use of Net Proceeds $ % Exploration & Development $5.2m 77% Field Work $2.8m Drilling $2.4m Admin Expenses $1.1m 15% Working Capital / Contingency $0.5m 8% Total $6.8m 100% Strictly confidential 22
Slide 23: Summary
Summary • Experienced team with track record of success • Major tenement holding in prolific mining provinces – strong portfolio of gold, silver, copper, lead and zinc • Significant field work underway on exploration licences to advance prospects Dittmer Project • Fully permitted project at Dittmer
Slide 24: Appendix
Appendix 24
Slide 25: Dittmer Project – Andromache bulk tonnage target
Dittmer Project – Andromache bulk tonnage target Andromache – a bulk tonnage gold/copper porphyry target • Historic production of 1,043 tonnes @ 19.1 g/t Au for 641 oz Au • 900m x 350m soil anomaly • Trenches defined 500 m x 240 m area with grades including 51.0 g/t Au, 0.75% Cu • 1979–1986 leach pl
Slide 26: Dittmer Project – Mt Hector Goldfield bulk tonnage target
Dittmer Project – Mt Hector Goldfield bulk tonnage target Mt Hector Goldfield – a bulk tonnage, vein-hosted gold target • Mined in 1890s and 1920s at average grade of 52 g/t Au • 700m strike of network/stockwork quartz veining at Cedar Ridge • Rock chips up to 42.5 g/t Au • 19 trenches up to 61.6 g/
Slide 27: Dittmer Project – Golden Treasure bulk tonnage target
Dittmer Project – Golden Treasure bulk tonnage target Golden Treasure – A bulk tonnage, vein-hosted and disseminated gold target • Alluvial gold mining area in 1890’s • Large circular magnetic anomaly • Porphyry intrusive suite – potential cupola? • Rock chips up to 55.3 g/t Au, 20 g/t Ag, 21.9ppm B
Slide 28: Historic Mining at Dittmer – high-grade gold and copper mine
Historic Mining at Dittmer – high-grade gold and copper mine Dittmer was the largest gold mine in the region • Historically produced 54,500 oz Au, 23,000 oz Ag and 660,000 lb Cu • Historic mined grade of 151 g/t Au, 66 g/t Ag and 2.8% Cu (after hand- sorting) making it one of the highest-grade gold
Slide 29: Dittmer and Lamington drilling – bonanza gold and silver grades
Dittmer and Lamington drilling – bonanza gold and silver grades Inaugural drilling program recently completed by Ballymore N S • Two holes for 955 m at Dittmer and five holes for 433 m at Lamington – all intersected targeted lode structures • Drill assay highlights include: - Bonanza grade silver dr
Slide 30: Ruddygore Project – Torpy’s Crooked Creek Mine (lead-silver)
Ruddygore Project – Torpy’s Crooked Creek Mine (lead-silver) Production from 1904 to 1914 • Average recorded grade of 15.3% Pb and 435 g/t Ag • Orebody became unpayable in 1914 at 365 ft due to increased sphalerite (zinc) content and Main Shaft decreasing dimensions • Rock chip sampling by Ballymore
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