Ballard Mining (BM1) Canaccord Genuity Annual Global Metals & Mining Conference presentation summary

Corporate overview and financials

• Market capitalization of approximately A$350M (US$252M) with A$76M (US$55M) cash as of March 31, 2026.

• 454 million shares on issue, with 22% held by institutional shareholders.

• Board and management team with significant gold mining experience from major Australian producers.

• Major shareholders include Delta (34.4%), Aurenne Group (9.6%), and Hancock Prospecting (5.9%).

• Enterprise value estimated at A$274M (US$197M).

Project portfolio and exploration strategy

• Mt Ida Project in Western Australia hosts a 1.2Moz gold resource at 3.0g/t Au, with 1Moz at Baldock.

• A$50M exploration budget for CY2026, with a 220,000m drill program underway.

• 53 regional targets identified for further testing, aiming to expand resource base.

• Project is fully permitted and shovel-ready, with all mining leases and approvals in place.

• Analogous geology to the +10Moz Agnew gold camp, indicating significant upside.

Resource growth and development timeline

• Targeting a 1.5Moz Mineral Resource Estimate (MRE) by September 2026, supporting an initial 8-year mine life.

• Baldock deposit hosts 1Moz at 3.5g/t Au, with 670koz in the Indicated category.

• Ongoing drilling aims to convert resources to reserves and extend mine life beyond 10 years.

• Definitive Feasibility Study (DFS) and Final Investment Decision (FID) targeted for H1 CY2027.

• Maiden Ore Reserve and updated MRE expected as key near-term catalysts.