Ballymore Resources Limited · ASX:BMR
Ballymore Resources — Investor Presentation (November 2023)
24 slides from Ballymore Resources's investor presentation, Nov 27, 2023
Slide 1: Discovering Queensland's next major Gold and Copper Mine
Discovering Queensland’s next major Gold and Copper Mine Investor Update November 2023
Slide 2: Disclaimer
Disclaimer Cautionary Statement *3 - “High grade drilling results and visible gold at Dittmer” released on 25 October 2021 *4 – “Ruddygore IP Survey confirms large copper target” released on 10 November 2021 Certain statements made during or in connection with this statement contain or comprise cert
Slide 3: To restart Australia's highest-grade gold mine at Dittmer
Strategy To restart Australia’s highest-grade gold mine at Dittmer. • Studies to validate a rapid restart opportunity at our Dittmer Gold Project with major recent investment by Taurus. • Immediate goal is to delineate the Dittmer resource to support pathways to production, while continuing work on
Slide 4: High-quality exploration portfolio
High-quality exploration portfolio Quality targets competing for capital 01 02 03 04 Dittmer Project Ravenswood Project Ruddygore Project Mt Molloy Project Au Au Cu, Au, Ag, Zn, Pb Cu 20km west of Proserpine, Qld Charters Towers, Qld Chillagoe, Qld 50km north-west of Cairns, Qld Restart Australia’s
Slide 5: Success driven leadership team
Success driven leadership team We’ve driven successful outcomes and substantial shareholder value in mining over many years: Discovery / Delineation • Mount Wright (1.0Moz Au) Andrew Greville David A-Izzeddin Nick Jorss Andrew Gilbert • Ravenswood (4.8Moz Au) Non-Executive Chairman Executive Directo
Slide 6: Dittmer Project
Dittmer Project Assessing a near term production pathway. ASX BMR | 6
Slide 7: Dittmer Project
Dittmer Project Mt Carlton Mine 1.1 Moz Au Key Town Assessing a near term 80km Road production pathway Rail BMR EPM EPM26912 BMR ML Hosts the historic Dittmer mine – Airlie Beach Other ML was one of the highest-grade gold Mineral occurrence mines in Australia when in operation. • Similarities with R
Slide 8: Transformational partnership with Taurus
Transformational Non-dilutive funding secured to advance Dittmer Project partnership with Taurus Binding conditional agreement signed with Taurus Mining Royalty Fund whereby Taurus will provide US$6m in exchange for royalty over high-grade Dittmer Project. Proceeds will be used to: Terms: • Subject
Slide 9: Dittmer Project: High-grade gold discovery
Dittmer Project High-grade gold discovery BMR drilling has confirmed that main lode has been displaced and continues less than 30m away from historic workings. DISPLACED Number of drill holes Drilling to date Drilling highlights LODE encountering gold DTDD009 4.3m @ 29.0g/t Au, 11g/t Ag & 0.81% Cu i
Slide 10: Dittmer Project: High-grade gold discovery
Dittmer Project High-grade gold discovery Drilling to date has only tested 250m of the Duffer lode structure Historic lode mined: • >54,000 oz produced at 151.1 g/t Au from historic workings* • 10,600 oz @ 6 g/t reported in-situ in backfill**. New ore body that is open in all directions - extends ov
Slide 11: Dittmer Project: Regional exploration for major deposit
Dittmer Project Mining Lease application over extended area submitted. Regional exploration for major deposit underway Major mineralised system identified in Dittmer area with only limited exploration and drilling completed. 2km of other shallow historic workings. Mapping and soils have confirmed ma
Slide 12: Dittmer Project: Moving towards production
Dittmer Project Moving towards production Mine restart scoping studies underway: • Preliminary metallurgical test work completed • Mineral resource delineation and analysis in progress Infill Drill Design at Dittmer from Underground • Infill drilling planned to target high grade zones within ML Abou
Slide 13: Other Projects
Other Projects
Slide 14: Ravenswood Project
Ravenswood Project Gold from Pinnacle Area Drill-ready targets in 17Moz gold province. Geological similarities to the nearby Mount Leyshon (3.5 Moz Au), Ravenswood (4.9 Moz Day Dawn Au) & Mount Wright mines (1.0 Moz Au). Old pits, quartz outcrop Mt Wright Rock chips up to 127.1g/t Au & 7,100 g/t Ag
Slide 15: Ravenswood Project: Pinnacle Prospect
Ravenswood Project Pinnacle Prospect Largest polymetallic geochemical anomaly in Charters Towers region: • 2km x 2km Cu-Mo-W core • Potential 5km x 4km Au-Zn-Pb outer shell • Located 5km ENE of Mount Leyshon • Significant hydrothermal breccias and vein systems including Seventy Mile Mount, Matthews
Slide 16: Ruddygore Project
Ruddygore Project Key Targeting major gold and base Town Road metal deposits. Rail BMR EPM Mungana BMR target Prolific historic mining district Ruddygore 0KM 8KM • Project lies in the same mineralised corridor as Red Red Dome Chillagoe Dome & Mungana mines (3.2Moz Au). North Ruddygore BRUDD003: Majo
Slide 17: Ruddygore Porphyry Copper target
Ruddygore Project Ruddygore Porphyry Copper target Extensive historic workings Porphyry sits on margin of granitoid pluton in mag-destructive alteration zone • Rock chips up to 32.5% Cu 471 g/t Ag. • Recent soils have extended anomaly another 2km to the northeast – Now 5km long anomaly. • Major nort
Slide 18: Mt Molloy Project
Mt Molloy Project 50km north-west of Cairns, Queensland Acreage 78km2 Under-explored copper VHMS belt. Sampling confirms significant copper system over 3km long corridor • High-grade copper-zinc-silver mineralisation. Sampling of the mineralised horizon has reported significant high-grade copper res
Slide 19: Next steps
Next steps
Slide 20: Capital raise and rights offer
Capital raise and rights offer To fund other exciting targets Ballymore is also seeking to raise another $2m in conjunction with the Taurus transaction: • $1m placement to sophisticated investors • $1m rights issue to existing shareholders Key work programs: Dittmer Project Ravenswood Project Ruddyg
Slide 21: Capital Raising Summary
Capital Raising Summary Proceeds raised under the Placement and Rights Issue will be used by Ballymore to fund further exploration at its four projects and provide additional working capital. Capital Raising Overview Rights Issue Overview • Placement to professional and sophisticated investors to ra
Slide 22: A successful start. An exciting future.
A successful start. An exciting future. Four quality projects in Queensland’s best mining districts with gold, copper and critical minerals: 01 02 Dittmer Project Ravenswood Project Au Au Large-scale gold system. Drill-ready targets in 17Moz gold Restart studies underway on high- province. grade min
Slide 23: Supporting slides
Supporting slides
Slide 24: Corporate snapshot
Corporate snapshot Share price Market capitalisation Gold price (USD/oz) Copper price (USD/lbs) 12 months to 16 November2023 $1960 12 months to 16 November 2023 A$0.125c A$18.2m As at 16 November 2023 As at 16 November 2023 $3.69 52 week high $0.221, low $0.085 $1778 $3.63 Shares on issue Cash ASX S
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