Ballard Mining (BM1) Corporate presentation summary

Investment highlights

• 26km of highly prospective, underexplored shear zones with a 130,000m drill program underway and a new discovery at Neptune.

• Well-funded with $30M IPO proceeds, targeting growth through drilling and a 1.1Moz gold resource at 3.3g/t, including 930koz at 4.1g/t at Baldock.

• Baldock is fully permitted for open pit and underground mining, with process plant and TSF approval anticipated soon.

• Orebody is free-milling and suitable for conventional CIL processing.

Project overview and location

• Mt Ida Project is located in the heart of Western Australia's goldfields, with four processing plants within 100km.

• Total gold resource stands at 10.3Mt @ 3.33g/t Au for 1.1 million ounces.

• Surrounded by several ASX-listed gold companies and established infrastructure.

Growth and development strategy

• Parallel workstreams target a 10-year plan, with infill and extensional drilling at Baldock and exploration drilling for new resources.

• First 5-6 years of production underpinned by reserves, with an additional 400-500koz targeted for years 6-10.