Investor Presentaiton

Capital 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

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