Ballard Mining (BM1) Diggers and Dealers Conference presentation summary

Investment highlights

• 26km of highly prospective, underexplored shear zones with a 130,000m drill program underway and four rigs active.

• Well funded with $30M IPO proceeds, targeting growth through drilling and resource expansion.

• Mineral Resource Estimate (MRE) of 1.1Moz at 3.3g/t Au, including 930koz at 4.1g/t at Baldock, which is fully permitted for mining.

• Application in progress for a 1.5Mtpa process plant and tailings storage facility; orebody is free-milling and suitable for conventional CIL processing.

Board and management

• Board includes experienced leaders with backgrounds in major gold discoveries, corporate takeovers, and significant project development.

• Key members have held senior roles at De Grey Mining, Saracen Minerals, Ramelius Resources, and Gold Fields Australasia.

• Finance and operational expertise spans over 25 years in mining, project management, and corporate finance.

Capital structure and funding

• 340M shares on issue, with Delta holding 46%, Hancock Prospecting 6.2%, and Mineral Resources 5.6%.

• Market capitalization of $133M and enterprise value of $105M, with $28M cash raised from IPO.

• EV/Resource Oz is $95/oz, with 17.5M performance rights and options issued.