Investor Presentaiton
Non-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 8View entire presentation