#1Ballymore RESOURCES Discovering Queensland's next major Gold and Copper Mine Investor Update November 2023 D#2Disclaimer 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 Company 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 business 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 as required by the Corporations Act and ASX Listing Rules. Accordingly, you should not place undue reliance on any forward-looking statement. Exploration 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 market announcements below and in the case of estimates of mineral resources or ore reserves, that all material assumptions and technical parameters underpinning the estimates in the market announcements below continue to apply and have not materially changed: *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 *12 - "Further Near Surface Copper Intersections at Ruddygore" released 31 August 2022 *13 - "Further Broad Gold Intersections at Ravenswood Project" released 29 September 2022 *14 - "Outstanding Results for Day Dawn Deposit, Ravenswood Project" released 5 October 2022 *15 "SPP closed oversubscribed" released 22 November 2022 *16 "High Grade Intersections Confirm Dittmer Orebody Extension" released 16 March 2023 *17 - "High grade rock chips confirm copper potential at Mount Molloy" released 20 March 2023 *18-"New bonanza gold grades validate planned Dittmer Mine reopening study" released 2 May 2023 *19 "Dittmer Mine Studies Underway Following Further Positive Drill Results" released 4 July 2023 *20 - "Soil Sampling Extends Ruddygore Near Surface Copper Target By Over 2km" released 6 November 2023 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. Ballymore RESOURCES ASX BMR 2#3Strategy To restart Australia's highest-grade gold mine at Dittmer. . Mt Carlton Mine 1.1 Moz Au 80km EPM26912 Studies to validate a rapid restart opportunity at our Dittmer Gold Project with major recent investment by Taurus. EPM14255 • Immediate goal is to delineate the Dittmer resource to support pathways to production, while continuing work on our other exciting. projects. Ballymore RESOURCES Proserpine A1 Key Town Road Airlie Beach ++ Rail BMR EPM BMR ML Other ML Mineral occurrence Bloomsbury EPM27282 OKM L 100KM North ASX BMR |#4High-quality exploration portfolio Quality targets competing for capital 01 Dittmer Project Au 20km west of Proserpine, Qld Restart Australia's Highest-Grade Gold Mine High grade potential restart on granted ML under study Fault displaced extension to lode 30m away from historic workings Excellent metallurgical test results Term Sheet for Transformational US $6m investment from Taurus* Ballymore RESOURCES 02 Ravenswood Project Au Charters Towers, Qld Drill-ready targets in 17Moz gold province. · Large scale targets adjacent to major historic mines: • Mount Leyshon (3.5 Moz Au) Ravenswood/Mount Wright (5.8 Moz Au). Largest geochemical anomaly in Charters Towers district 03 Ruddygore Project Cu, Au, Ag, Zn, Pb Chillagoe, Qld Shallow Porphyry Copper target Same mineralised corridor as Red Dome & Mungana (3.2Moz Au). Large near-surface copper target 3km long gold, copper, lead and zinc target at Maniopota Rare earth elements under investigation *subject to formal documentation and legal due diligence 04 Mt Molloy Project Cu 50km north-west of Cairns, Qld Under-explored copper VHMS belt. Historic mine produced at 8.7% Cu Recent work confirms significant copper mineralised system over extended strike length ASX BMR#5Success driven leadership team We've driven successful outcomes and substantial shareholder value in mining over many years: Discovery/Delineation . . . • Mount Wright (1.0Moz Au) Ravenswood (4.8Moz Au) Capricorn Copper (1.6Mt Cu) Project Development Capricorn Copper (29 Metals) • Ernest Henry UG • Mount Margaret Burton and Bluff coking coal mines ASX Companies • Stanmore Coal (SMR.AX) • Bowen Coking Coal (BCB.AX) • Renascor Resources (RNU.AX) Andrew Greville Non-Executive Chairman A qualified mining engineer, with nearly 40 years' experience across business development, mergers and acquisitions, product marketing and strategy. Previously served as EGM, Business Development and Strategy, at Xstrata Copper. Prior to that, he served as Vice President, Commercial for BHP Copper. Has served as a Director of a number of junior listed mining companies throughout his career. David A-Izzeddin Executive Director - Technical A geologist with over 30 years' experience in exploration, project assessment, feasibility studies, mine development and business development across a broad range of commodities for companies including Capricorn Copper, Xstrata, Dundee Precious Metals, MIM in Australia, Asia-Pacific, Europe, North and South America. Played a major role in the discovery and development of Mount Wright Mine (1.1 Moz) Nick Jorss Non-Executive Director Founding Managing Director of Stanmore Coal (via St Lucia) where he led the company from explorer to producer through the acquisition of Isaac Plains. Over 30 years' experience in investment banking, civil engineering, corporate finance, project management, and mining. Currently Exec Chairman of Bowen Coking Coal (ASX:BCB). Andrew Gilbert Executive Director - Operations A Mining Engineer with 20 years' experience in engineering, operational and management roles within the mining and tunnelling industry. Was integral in the establishment, development, and operational control of surface and underground mine sites for companies including Glencore, Xstrata, Oz Minerals, Capricorn Copper and Thiess/John Holland. Ballymore RESOURCES ASX BMR |#6Dittmer Project Assessing a near term production pathway.#7Mt Carlton Mine 1.1 Moz Au 80km Dittmer Project Assessing a near term production pathway Hosts the historic Dittmer mine - was one of the highest-grade gold mines in Australia when in operation. EPM26912 • Similarities with Ravenswood IRGS mineralisation (4.8Moz Au) - currently Queensland's largest gold mine. Three granted EPMs and two granted Mining Leases. Average gold grades 151.1g/t Average silver grades 66.8g/t Gold production to 1951 54,000oz Average copper grades 2.8% Ballymore RESOURCES EPM14255 Proserpine A1 Airlie Beach Key Town Road Rail BMR EPM BMR ML Other ML Mineral occurrence Bloomsbury EPM27282 OKM 100KM North ASX BMR#8Non-dilutive funding secured to advance Dittmer Project Transformational 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. Taurus Proceeds will be used to: . Accelerate exploration and resource delineation and discovery drilling; and Expedite studies and the development of mining operations at the Dittmer Project. • Terms: . Subject to formal documentation and satisfactory legal due diligence Taurus will pay Ballymore US $5m (Royalty Acquisition Amount) In addition, Taurus will place US $1m @ 12c in Ballymore, as part of a capital raise Payment of the Royalty will commence upon first sale of any Product produced from Dittmer Project: О ○ 3.5% of the Gross Revenue from the sale of all Product for the first 30,000oz of Au or AuEq oz. 5% of the Gross Revenue from the sale of all Product for the following 60,000oz of Au or AuEq oz. 1.25% of the Gross Revenue thereafter Ballymore RESOURCES ASX BMR 8#9Dittmer Project High-grade gold discovery BMR drilling has confirmed that main lode has been displaced and continues less than 30m away from historic workings. Number of drill holes Drilling to date encountering gold 28/28 100% strike rate Drilling highlights DTDD009 Level 1 Level 2 Level 3 Level 4 Level 5 4.3m @ 29.0g/t Au, 11g/t Ag & 0.81% Cu inc 2.25m @ 54.9g/t Au, 21g/t Ag & 1.52% Cu inc 5,703m 0.5m @171.8g/Au DTDD009 DTDD019 3.85m @ 26.04 g/t Au, 1.9 g/t Ag & 0.11% Cu inc 2.0m @ 49.60 g/t Au, 3.1 g/t Ag & 0.17% Cu DTDD022 4.3m @ 10.68 g/t Au, 1.9 g/t Ag & 0.12% Cu inc 0.35m @ 129.43 g/t Au, 17.8 g/t Ag & 1.24% Cu Level 6 Level 7 Ballymore RESOURCES DISPLACED LODE DITTMER SHEAR ASX BMR 9#10Dittmer Project High-grade gold discovery Drilling to date has only tested 250m of the Duffer lode structure Drill Intersections - Gold metre-grams >30 m-g 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 over larger area than historic mine. * DeRisk P2021-25: Independent Geologist Report - Queensland Ballymore Resources Ltd ** Dittmer Gold Mines Ltd, Prospectus, February 24, 1950 Ballymore RESOURCES 7738200mN 7738100mN 7738000mN 7737900mN 7737800mN | I 20-30 m-g 10-20 m-g 5-10 m-g DUFFER LODE 1-5 m-g <1 m-g HISTORIC WORKINGS DTDD026 DTDD028 DTDD027 DTDD006 100m RL 4.3m @ 10.68 g/t Au incl 0.35m @ 129.43 g/t Au DTDD003 DTDD001 DTDD022 DTDD023A DTDD005 DTDD024 DTDD007 3.5m @ 8.89 g/t Au incl 2.75m @ 11.24 g/t Au DTDD013 DTDD010 DTDD011 DTDD009 DTDD014 DTDD012 DTDD008 DTDD016 DTDD015 Om RL 4.3m @ 29.0 g/t Au incl 2.25m @ 54.9 g/t Au DTDD017 DISPLACED DUFFER LODE - 200m RL 3.43m @7.16 g/t Au incl 0.83m @ 27.98 g/t Au - 100m RL 2.25m @ 8.68 g/t Au incl 0.4m @ 37.62 g/t Au Om RL High-Grade Shoot 3.85m @ 26.03 g/t Au incl 2.0m @ 49.60 g/t Au DTDD025 DTDD021 DTDD018 DTDD019 DTDD020 DITTMER (ML 10341) -100m RL Exploration Assets - 0 50m 100m Possible High- Grade Shoot High-Grade Shoot Long Section Looking East ASX BMR 10#11Dittmer Project 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 major mineralised system: Dittmer Lode - 1.8km Au-Cu soil anomaly along strike from Dittmer mine. Only 250m of corridor drill-tested. • Loch Neigh Lode - 1.1km Au-Zn soil anomaly. • Wilson's - 0.5km x 0.5km Cu-Au anomaly at intersection of Dittmer & Loch Neigh structures - potential bulk tonnage target. • Jim's Lode-1.0km long Au-Cu anomaly Ballymore RESOURCES Mining Lease application over extended area submitted. 7,738,500 mN 644,500 mE Loch Neigh Lode 1,100m strike length 回 Wilson's Prospect 500m x 500m 646,000 mE 15.7 g/t Au 25.3 g/t Au Wilson's Loch Neigh AA 116 g/t Au 7,738,000 mN Dittmer Area Current area of drilling (250m) 7,737,500 mN Dittmer 103 g/t Au 544 g/t Au A A ATE AA JA 646,500 mE LEGEND Gold-in-Soil Contours >50 ppb Au 20-50 ppb Au 10 - 20 ppb Au 5 - 10 ppb Au Copper-in-Soil Contours >100 ppm Cu 75 100 ppm Cu 50-75 ppm Cu 25-50 ppm Cu Rock Chips - Gold ✰ >10 g/t Au 1 - 10 g/t Au 0.5 1.0 g/t Au Jims Lode 1,000m strike length 7,737,000 mN 7,736,500 mN Duffer Lode 1,800m strike length A AAAAAA AAAAAAAAAAAA Mt 100951 Application 646,500 mE 0.2 - 0.5 g/t Au 0.1 -0.2 g/t Au 500 meters 7,737,000 mN €7,736,500 mN ASX BMR 11#12Dittmer Project Moving towards production Mine restart scoping studies underway: Preliminary metallurgical test work completed Mineral resource delineation and analysis in progress • Infill drilling planned to target high grade zones within ML Infill Drill Design at Dittmer from Underground N 7738200mN 7738100mN 7738000mN 7737900mN About Dittmer • Granted Mining Lease 200mRL- DUFFER LODE Historic Workings Dittmer ML 10341 Long Section Looking East Current access to underground workings Available workforce Nearby toll treatment options Drilling confirmed orebody within 30m of current access level Extensive mineralised backfill material (4.0 - 81.7 g/t Au) Ballymore RESOURCES 100mRL - OmRL - 0 Drill Intersections- Gold metre-grams >30 m-g 20-30 m-g 10-20 m-g 5-10 m-g 1-5m-g <1 m-g Planned Hole DISPLACED DUFFER LODE 0 Interpreted High Grade Shoot Interpreted High Grade Shoot Interpreted High-Grade Shoot Righ Interpreted High Grade Shoot 0 50m 100m ASX BMR 12#13Other Projects#14Ravenswood Project Drill-ready targets in 17Moz gold province. Geological similarities to the nearby Mount Leyshon (3.5 Moz Au), Ravenswood (4.9 Moz Au) & Mount Wright mines (1.0 Moz Au). Outstanding results reported: Seventy Mile Mount - 40m @ 1.06 g/t Au from 46m • Pinnacle - largest geochemical anomaly in region adjacent to Mount Leyshon (5km x 4km) . Day Dawn - bonanza gold-silver system along Mount Leyshon Corridor. Drilling soon. 父 Charters Towers 6.6 Moz Day Dawn Old pits, quartz outcrop Rock chips up to 127.1g/t Au & 7,100 g/t Ag Pinnacle 5km x 3km mineralised system Visible gold at surface /Mt Leyshon 3.8 Moz Gold from Pinnacle Area Seventy Mile Mount Breccia pipe similar to Mount Wright 8m @ 9.2g/t Au Mt Wright 1.0 Moz Hadleigh Castle 0.3 Moz Ravenswood 4.9 Moz Key Town Road Rail BMR EPM Major mine/ deposit Bonanza rock chip results up to: 582.8 g/t Au 7,100g/t Ag Pinnacle Creek Day Dawn Ballymore RESOURCES Pinnacle Creek Vein set over 500m x 300m 583g/t Au, 0.3% Cu & 260g/t Ag BMR target OKM 10KM North ASX BMR 14#15Ravenswood 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 Pinnacle, Middle Mount & Pinnacle Creek • Limited work completed on outer gold zone • Significant gold in local drainages LEGEND Soils A Historic Sample Location Δ BMR 2023 Sample Location (Results Pending) Cu +/- Mo +/- W Anomaly Au +/- Zn +/- Pb Anomaly Rock Chips >10 g/t Au ★ 1 - 10 g/t Au 428,000 mE JUST IN TIME 7,760,000 mN PINNACLE CREEK 7,758,000 mN 430,000 mE CASS CATTLE THINK BIG MATTHEWS PINNACLE BLACK KNIGHT PIP'S DAM WESTGATE EPM 18424 Pinnacle Project Geochemistry Summary 430,000 mE MATTHEWS SOUTH MIDDLE MOUNT GOLD AND BLACK 0 kilometers Bonanza rock chip results in gold zone up to: 582.8 g/t Au 260g/t Ag Ballymore RESOURCES Mapping and soil sampling underway to evaluate unsampled zones 432,000 mE SEVENTY MILE MOUNT BLUFF ROAD PINNA E DIGGINGS 7,760,000 mN LOW TEMP SHELL ELEVATED Au-Zn HIGH TEMP CORE ELEVATED Cu-Mo-W + IP Anomaly 434,000 mE 7,758,000 mN ASX BMR 15#16Ruddygore Project Targeting major gold and base metal deposits. Prolific historic mining district Mungana • Project lies in the same mineralised corridor as Red Dome & Mungana mines (3.2Moz Au). Chillagoe Red Dome Major historic mines within Ruddygore Project: • Ruddygore - major shallow, copper system with historic workings (5km x 2km) • Maniopota - lead-zinc-copper-gold target over 3km strike BRURD002: 86m @ 0.47% Cu and 11g/t Ag from 4m inc 14m @ 0.90% Cu BRURD004: 19m @ 0.41% Cu and 12.5g/t Ag from1m inc 3m @ 0.81% Cu & 18.8g/t Ag Ballymore RESOURCES Maniopota Rock Chip 6.69% Cu, 0.14g/t Au, 101g/t Ag & 0.33% Zn Maniopota Key Town Road Ruddygore OKM Rail BMR EPM BMR target North Ruddygore BRUDD003: 118.3 118.5m Torpy's Crooked Creek Almaden 8KM ASX BMR 16#17Ruddygore 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 northeast faults mapped and IP has highlighted strongest IP anomaly immediately adjacent to this extension - untested by drilling. pXRF Soils - Cu ppm >200 ppm Cu 100 - 200 ppm Cu 50 100 ppm Cu 20-50 ppm Cu 10 20 ppm Cu <10 ppm Cu 8,106,000 mN 8,105,000 mN 8,104,000 mN Ballymore RESOURCES 000 00000000000000 Ruddygore Mine 0x0000000 000000000000 8,103,000 MN 000000000000000 00000000000000 8,102,000 mN ய 237.이클 m 238.000 mE 239,000 mE 240,000 mE EPM 14015 241,000 mE 239,000 mE EPM 15037 Magnetic low corridor Black Cockatoo Mine 242,000 mE 242,000 mE 243,000 mE Coxxxxxxxxxxxx000000000 000000000000000000000000 0000000000000000000 xxxxxx 2km EPM 27840 0 kilometres 243,000 mE ,000 mE 244,000 mE 8,108,000 mN 8,107,000 mN 8,106,000 mN 8,105,000 mN 8,104,000 mN 8,103,000 mN 8,102,000 mN ASX BMR 17#18Mt Molloy Project Under-explored copper VHMS belt. 50km north-west of Cairns, Queensland Acreage 78km² 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 results including: • MM018: 31.81% Cu, 300 g/t Ag, • . 2.28% Zn MM007: 26.56% Cu, 188 g/t Ag MM014: 25.48% Cu, 25 g/t Ag ⚫ MM003: 24.36% Cu, 190 g/t Ag • MM004: 23.11% Cu, 23 g/t Ag MM017: 21.19% Cu, 79 g/t Ag Mount Molloy Rock Chip MM018 31.81% Cu, 300 g/t Ag & 2.28% Zn Historic production @ 8.7% Cu The Mount Molloy main workings and mullock dumps Ballymore RESOURCES ASX BMR 18#19Next steps#20Capital 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 (using Taurus funds) Further mine studies and infill drilling of Duffer lode. Targeting and drilling of targets in greater Dittmer area, as well as Cedar Ridge. Establishment of decline to access top of ore (if studies prove positive). Ravenswood Project (using placement and rights issue funds) Preliminary drilling of Day Dawn bonanza Au-Ag target and Pinnacle Au target. Ballymore RESOURCES Ruddygore Project (using placement and rights issue funds) • • Ruddygore follow-up drilling. targeting shallow copper mineralisation IP survey over Manipota Cu- Pb-Zn-Au-Ag target and Ruddygore East Cu target Mount Molloy (using placement and rights issue funds) IP survey over Mount Molloy mine corridor and preliminary drilling ASX BMR 20#21Capital 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 . Placement to professional and sophisticated investors to raise up to $1.0m ("Placement”) through the issue of approximately 8.3m fully paid new ordinary shares ("New Shares") The Placement is offered at fixed price of $0.12 per New Share, representing (as at 22 November 2023): О 9.1% premium to the last close price of $0.110 О 1.5% discount to the 10-day VWAP of $0.122 о 4.8% discount to the 30-day VWAP of $0.126 The Placement is within Ballymore's current placement capacity under ASX Listing Rule 7.1/7.1A Ballymore will also offer a partially underwritten (to $330,000) Accelerated Non- Renounceable Entitlement Offer to eligible Australian and New Zealand shareholders of up to $1.0m ("Rights Issue"). New Shares issued under the Offer will rank equally with existing shares on issue. Director participation: Directors and their associated entities have committed to subscribe for an aggregate of approximately $0.4m Ballymore RESOURCES • Rights Issue Overview • • Ballymore offers Eligible Shareholders the opportunity to participate in a partially underwritten (to $330,000) Accelerated Non-Renounceable Entitlement Offer (Rights Issue) to raise up to $1.0m Eligible Shareholders on the register at 7.00pm (AEDT) on 29 November 2023 in Australia and New Zealand will be invited to subscribe for new shares free of any brokerage and transaction costs Further information regarding the Rights Issue will be provided to Eligible Shareholders in the Rights Issue booklet which Eligible Shareholders will receive following completion of the Placement The issue price under the Rights Issue will be the price of $0.12 per New Share Eligible shareholders will be able to apply for additional New Shares over and above their entitlements under a shortfall facility, with the Board of Directors reserving the right to place shortfall. Lead Manager: Morgans Corporate Limited is the Lead Manager of the Rights Issue and Placement. ASX BMR 21#22A successful start. An exciting future. Four quality projects in Queensland's best mining districts with gold, copper and critical minerals: 01 Dittmer Project Au Large-scale gold system. Restart studies underway on high- grade mining lease. 03 Ruddygore Project Cu, Au, Ag, Zn, Pb Targeting major gold and base metal deposits. Follow-up drilling at Ruddygore & IP survey at Maniopotal Red Dome 2Moz RUDDYGORE PROJECT 02 Ravenswood Project Au Drill-ready targets in 17Moz gold province. Kidston 3.2Moz Drilling at Day Dawn and Pinnacle. 04 Mt Molloy Project Cu Under-explored copper VHMS belt. Further mapping, soil sampling and IP survey Ballymore RESOURCES RAVENSWOOD PROJECT MOUNT MOLLOY PROJECT Cairns Key Town Main Road Roads Rail Mine sites Exploration projects OKM L Townsville Charters Towers 6.6Moz Mt Leyshon 3.8Moz Mt Wright 1Moz Ravenswood 4.8Moz Cairns Brisbane Queensland North 100KM Mt Carlton 1.1Moz Proserpine Collinsville Pajingo 2.7Moz DITTMER PROJECT Mackay ASX BMR 22#23Supporting slides#24Corporate snapshot Share price A$0.125c As at 16 November 2023 52 week high $0.221, low $0.085 Market capitalisation A$18.2m As at 16 November 2023 Shares on issue 146.2m As at 14 July 2023 Cash A$0.7m As at 30 September 2023 Enterprise Value A$17.5m As at 16 November 2023 Director's Ownership 35% Ballymore RESOURCES Gold price (USD/oz) 12 months to 16 November2023 $1960 $1778 ASX Share price performance ($A) Year to 16 November 2023 Copper price (USD/lbs) 12 months to 16 November 2023 www $3.63 $3.69 0.16 0.14 0.125 0.12 0.10 0.08 | Jan 2023 | Mar | May | July | Sept | Nov ASX BMR 24