Ballymore Resources : 2022 Noosa Mining Investor Conference

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2022 Noosa

Mining Investor

Conference

20 July 2022

Au Ag Cu

Disclaimer

Cautionary Statement

Certain statements made during or in connection with this statement contain or comprise certain forward-looking statements regarding the Company's Mineral Resources, exploration operations and other economic performance and financial conditions as well as general market outlook. Although the

onlyCompany believes that the expectations reflected in such forward-looking statements are reasonable, such expectations are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward-looking statements and no assurance can be given that such expectations will prove to have been correct.

Accordingly, results could differ materially from those set out in the forward-looking statements as a result of, among other factors, changes in economic and market conditions, delays or changes in project development, success of business and operating initiatives, changes in the regulatory environment and other government actions, fluctuations in commodity prices and exchange rates and

usebusiness and operational risk management. Except for statutory liability which cannot be excluded, each of the Company, its officers, employees and advisors expressly disclaim any responsibility for the accuracy or completeness of the material contained in this statement and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this statement or any error or omission. The Company undertakes no obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events other than required by the Corporations Act and ASX Listing Rules. Accordingly, you should not place undue reliance on any forward-looking statement.

ersonalExploration Results & Exploration Target

Ballymore confirms that Exploration Results and Exploration Targets used in this document were estimated, reported and reviewed in accordance with the guidelines of the Australian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (The JORC Code) 2012 edition. Ballymore confirms that it is not aware of any new information or data that materially affects the Exploration Results or Exploration Target information included in the following announcements:

*1 - Ballymore Prospectus released on 1 September 2021

*2 - "Initial results for Dittmer underground sampling & drilling" released on 29 September 2021 *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 *5 - "Acquisition of 100% of Ravenswood Project" released on 18 November 2021

*6 - "Seventy Mile Mount Drilling & CEI Drill Hole Completed" released on 14 December 2021 *7 - "Drilling Confirms Large Gold System in Ravenswood Project" released on 4 March 2022 *8 - "Grant of Exploration Licence over Mount Molloy Mine" released on 19 May 2022

*9 - "Dittmer Drilling Confirms Displaced High Grade Extension" released on 20 June 2022 *10 - "Broad Near Surface Copper Intersection at Ruddygore" released on 15 July 2022 *11 - "Assay Results Confirm Gold-Copper Discovery at Dittmer" released 19 July 2022

Competent Person Statement

The information in this announcement that relates to Exploration Results is based on information compiled or reviewed by Mr David A-Izzeddin. The Company is not aware of any new information or data that materially affects the information included in these Company Announcements and in the case of reported Mineral Resources, all material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. Mr A-Izzeddin is a Member of The Australasian Institute of Geoscientists and is an employee of the Company. Mr A-Izzeddin has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr A-Izzeddin consents to the inclusion in the announcement of the matters based on his information in the form and context in which it applies. The Exploration Targets described in this announcement are conceptual in nature and there is insufficient information to establish whether further exploration will result in the determination of Mineral Resources.

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Project Overview - under-exploredprojects in prolific mineral belts

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Mount Molloy Project (79 km2)

Historic high-grade VHMS copper target

• Extensive historic workings produced 43,600 tons of ore grading 8.7% Cu
• Limited historic drilling reported 13m @ 1.2% Cu, 4.3% Zn & 34.6 g/t Ag (incl 4m @ 2.6% Cu, 5.9% Zn & 55.5 g/t Ag)

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 gold province

• Multiple gold targets within Mount Leyshon Corridor
• Rock chips up to 582 g/t Au & 2770 g/t Ag
• Mount Leyshon-style drill target with drill results including 28m @ 2.89 g/t Au (Incl 8m @ 9.2 g/t Au)

Dittmer Project (488 km2)

Reopening historic mining area

• Produced 55,000 Oz of gold at 151 g/t Au plus 2.8% Cu (1935-1984)
• Bonanza grade drill results - 4.3m @ 29 g/t Au, 11 g/t Ag & 0.81% Cu and 2m at 5,395 g/t Ag & 2.1% Cu
• Rock chips up to 304 g/t Au, 67 g/t Ag & 2.1% Cu

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Dittmer Project

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Dittmer Project - targeting bulk tonnage gold and copper deposits

Under-explored historic gold and mineral field

only• Largest tenement holder in region

- 2 ML's and 488 km2 of permits

• Exploring for bulk-tonnagevein-hosted and breccia-hosted

gold deposits as well as porphyry Cu deposits

• Similarities with Ravenswood - 5.8 Moz gold district

• Close to infrastructure and operating gold mines

use
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	Dittmer Ore

304g/t Au, 66.7 g/t Ag, 2.12% Cu

171g/t Au, 90.9 g/t Ag, 6.8% Cu

264.5g/t Au, 46 g/t Ag

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