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BALLYMORE RESOURCES LIMITED Capital/Financing Update 2022

Sep 28, 2022

64543_rns_2022-09-28_8fdc8dda-f6f1-4ec8-8933-1d9fd0dba6cf.pdf

Capital/Financing Update

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ASX Announcement

29[th] September 2022

ASX CODE: BMR

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FURTHER BROAD GOLD INTERSECTIONS AT RAVENSWOOD PROJECT

BOARD

Nick Jorss Chairman

David A-Izzeddin Technical Director

Andrew Gilbert Director – Operations

Andrew Greville Director

HIGHLIGHTS

Assay results have been received for the Stage 2 Seventy Mile Mount drilling program, confirming the presence of broad intervals of gold mineralisation

Following previous drilling results, including 40m @ 1.06 g/t Au (BSMDD001: 47 – 87m), further broad gold intersections have been received including:

  • BSMRD003: 57m @ 0.24 g/t Au from 23m

  • BSMRD004: 61m @ 0.23 g/t Au from 23m

HEAD OFFICE

Suite 606 Level 6 10 Market St Brisbane QLD 4000

+617 3212 6299 ballymoreres.com

Drilling by Ballymore has extended the mineralised zone at Seventy Mile Mount by over 200m and mineralisation remains open along strike, confirming the presence of a large mineralised system

Initial drilling of King Solomon gold prospect has highlighted the potential for a shallow gold system and reported significant intervals of elevated gold including:

  • BKSRC001: 17m @ 0.61 g/t Au from 45m

Ballymore Resources Limited (“Ballymore” or “the Company”) is pleased to announce that further broad gold intersections have been received from the recently completed drilling programs within the Ravenswood Project, located near Charters Towers in North Queensland.

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Follow-up drilling at Seventy Mile Mount targeted the breccia zone recognised by Ballymore with similarities to other mineralised breccias present at Mount Leyshon and Mount Wright, both major gold producers in the local region in the past 30 years. Previous drilling by Ballymore in November 2021 reported 40m @ 1.06 g/t Au (BSMDD001: 47 – 87m) and further step-out drilling has confirmed broad intervals of gold mineralisation associated with this breccia zone, including 57m @ 0.24 g/t Au (BSMRD003: 23 – 80m) and 61m @ 0.23 g/t Au (BSMRD004: 23 – 84m). Drilling also encountered narrow, high grade zones including 2m @ 4.78 g/t Au (BSMRD003: 215 – 217m). Ballymore is highly encouraged by these results, which confirm the potential of this mineralised breccia to host a significant shallow gold system.

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Figure 1 – Example of pyrite breccia infill mineralisation in drill hole BSMRD003 (278.15 – 278.35m)

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Ballymore Resources ASX Announcement 29[th] September 2022

In addition to these works at Seventy Mile Mount, initial drilling was completed to test beneath shallow workings in the King Solomon area, some 37km east-northeast of Charters Towers, and has reported a number of shallow intersections such as 17m @ 0.61g/t Au (BKSRC001: 45–62m), including 9m @ 1.01g/t Au (BKSRC001: 45–54m). This drilling has demonstrated the potential for this area to host a shallow gold system that will be further investigated in follow up works.

About the Seventy Mile Mount Target

Seventy Mile Mount is located on EPM 18424 and within the highly prospective Mount Leyshon Corridor, approximately 20km south of Charters Towers and 7km east-northeast of the Mount Leyshon gold mine. Ballymore completed its initial drilling program in November 2021 and targeted a second breccia which Ballymore identified on the northern margin of the Seventy Mile Mount main breccia pipe. The surface expression of the second breccia zone is approximately 300m x 50m in area and it remains poorly tested at depth. The initial drill program at Seventy Mile Mount comprised two diamond drill holes for a total of 654m, testing a gap in previous drilling on the targeted breccia. Both holes intersected broad zones of altered breccias similar in style to Mount Leyshon mineralisation. These mineralised breccias were consistent with the geological model developed based on mapping completed by Ballymore.

As reported in the ASX announcement dated 4[th] March, 2022, assay results have confirmed the presence of broad, shallow zones of gold mineralisation associated with the mapped target breccia. Significant intersections included:

  • 40m @ 1.06 g/t Au including 3m @ 9.38 g/t Au (BSMDD001: 47 – 87m)

  • 15m @ 0.55 g/t Au including 5m @ 1.44 g/t Au (BSMDD002: 76 – 91m)

Ballymore subsequently completed the Stage 2 drilling at Seventy Mile Mount in August, including 3 holes for 1,048.8m. Drilling targeted the down-plunge extension to breccia-hosted gold mineralisation as well as an IP geophysical target under the main breccia pipe. All three holes encountered a number of intervals of brecciated granodiorite infilled with pyrite mineralisation. A number of significant intersections were reported including:

  • 57m @ 0.24 g/t Au (BSMRD003: 23 - 80m)

  • 2m @ 4.78 g/t Au (BSMRD003: 215 – 217m)

  • 61m @ 0.23 g/t Au (BSMRD004: 23 – 84m)

A summary of significant intersections is tabulated below.

Table 1 – Summary of Seventy Mile Mount significant drill results

Cut-Off
(Aug/t)		 Hole From To Interval
(m)		 Au
(g/t)
0.1
1.0
1.0		 BSMRD003
Including
Including		 23.00
26.00
62.00		 80.00
27.00
64.00		 57.00
1.00
2.00		 0.24
2.36
1.66
0.1
0.5		 BSMRD003
Including		 89.00
90.00		 92.00
92.00		 3.00
2.00		 0.45
0.68
1.0 BSMRD003 114.00 115.00 1.00 2.62
1.0 BSMRD003 215.00 217.00 2.00 4.78
0.1
1.0
1.0		 BSMRD004
Including
Including		 23.00
42.00
50.00		 84.00
43.00
51.00		 61.00
1.00
1.00		 0.23
1.95
1.66
0.1 BSMRC005 59.00 62.00 3.00 0.35

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Ballymore Resources ASX Announcement 29[th] September 2022

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Figure 2 – Long section of the Seventy Mile Mount breccia pipe-hosted gold target looking south with historic drill intersections and results of Ballymore drill holes.

Drilling by Ballymore, along with check logging of available historic holes and detailed mapping of the area has led to the recognition of a mineralised breccia zone that has potential to host a significant gold deposit. Historic drilling focussed on testing the eastern part of this breccia zone and reported a number of significant drill intersections (Table 2).

Table 2 – Summary of Seventy Mile Mount significant drill results

Cut Off
(Aug/t)		 Hole From To Interval
(m)		 Au
(g/t)
0.1 LSD001 184 218 34 1.80
0.5 Including 186 200 14 3.71
0.1 LSD002 208 216 8 6.02
1.0 Including 208 212 4 11.94
0.1 LSD002 260 288 28 2.89
0.5 Including 260 268 8 9.21
0.1 LSR002 34 76 42 0.43
0.1 LSR002 110 160 50 0.52
0.1 PD90-05 160 183 23 0.93
0.5 Including 161 164 3 5.76
0.1 PD90-06 56 114 58 1.54
0.5 Including 57 61 4 12.40
0.1 PD90-06 128 158 30 1.54
1.0 Including 139 140 1 20.60
0.1 PSM3 10 36 26 0.60
0.1 PSM3 72 120 48 0.35
0.1 PSMR17 12 99 87 0.79
0.5 Including 55 60 5 2.06
0.1 PSM19 40 100 60 0.35
0.1 PSMR20 20 76 56 0.35
0.1 PSMR21 4 52 48 0.34

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Ballymore Resources ASX Announcement 29[th] September 2022

Drilling by Ballymore has targeted the western extension of the breccia zone, which remains relatively undrilled beneath the top 50m. This drilling has extended the known mineralisation by over 200m with mineralisation open along strike to the east and west. Mineralisation is modelled to occur in an arcuate zone of breccia on the northern margin of the Seventy Mile Mount breccia pipe.

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Figure 3 – Plan view of Seventy Mile Mount area with location of mapped breccias and locations of historic and Ballymore drill holes.

In addition, drill hole BSMRC005 was drilled in the southern part of the breccia pipe into the main granodiorite breccia to test a strong chargeability anomaly recognised in an IP survey completed by Ballymore in 2021. The drill hole encountered a number of intervals of pyrite mineralisation which is the likely source of the chargeability anomaly, however gold results were generally subdued in this area, which is located outside the main mineralised breccia zone. The drill hole reported a best intersection of 3m @ 0.35 g/t Au (BSMRC005: 59 – 62m).

About the King Solomon Target

King Solomon is an extensive line of historic gold workings located within EPM 18637, some 37km eastnortheast of Charters Towers and 8km southwest of Mingela. In the immediate vicinity of EPM 18637, the most significant mineralisation occurs at the Welcome Breccia and Christian Kruck gold deposits, located 1km north and 4km northwest of EPM 18637 respectively.

King Solomon hosts a series of pits and shafts over an area of 600m x 100m that are associated with a set of steeply dipping shear zones within altered diorite and gabbro. A program of shallow drilling by Metals Exploration Ltd / Gold Mines of Kalgoorlie in 1988 intersected several intervals of moderately to highly anomalous gold, with best intersections including 8m @ 7.69 g/t Au. A summary of significant historic intersections is tabulated below.

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Ballymore Resources ASX Announcement 29[th] September 2022

Table 2 – King Solomon Significant Historic Drill Intersections

Cut Off
(Aug/t)		 Hole From To Interval
(m)		 Au
(g/t)
0.1 KRC02 30 44 14 1.27
1.0 Including 32 38 6 2.78
0.1 KRC03 28 34 6 4.46
0.1 KRC06 26 34 8 7.69
1.0 Including 26 32 6 10.20
0.1 KRC08 12 50 38 0.63
0.5 Including 42 48 6 2.48
1.0 Including 44 48 4 3.45
0.1 KRC08 78 124 46 0.57
0.5 Including 80 110 30 0.80
1.0 Including 90 100 10 1.37
0.1 KRC11 32 40 8 0.88
1.0 Including 32 34 2 3.25
0.1 KRC12 82 86 4 1.33
1.0 Including 82 84 2 2.50
1.0 KSP04 30 33 3 11.00
1.0 KSP05 0 3 3 4.20

A portable XRF Soil sampling program was completed by Ballymore over a large part of EPM 18637 in 2021-2022 and defined a significant 5,000m long x 500m wide, east-northeast trending Cu-Zn-Fe-Mn soil anomaly (i.e. +20ppm Cu and +30ppm Zn) associated with the historic workings extending from King Solomon and Rose of Allandale in the west, through to a series of unnamed prospects located in the east of EPM 18637. A reverse circulation (RC) drill program was subsequently planned to test the King Solomon area. Four reverse circulation drill holes were completed in August for a total of 550m (i.e. BKSRC001 – BKSRC004) to test for potential extensions to mineralisation recognised in shallow workings.

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Figure 4 – . Plan view of completed Ballymore drill holes BKSRC001 – 004 and historic drill holes overlain over aerial photo.

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Ballymore Resources ASX Announcement 29[th] September 2022

All holes intersected sheared, altered diorite and granodiorite overprinted by quartz and carbonate veining and associated pyrite mineralisation. A number of shallow intersections of gold mineralisation were reported with a best intersection of 17m @ 0.61 g/t Au (BKSRC001: 45 – 62m), including 9m @ 1.01 g/t Au (BKSRC001: 45 – 54m).

A summary of significant intersections is tabulated below.

Table 3 – Summary of Ballymore King Solomon significant drill results

Cut Off
(Aug/t)		 Hole From To Interval
(m)		 Au
(g/t)
0.1
0.5
1.0
1.0		 BKSRC001
Including
Including
And		 45.00
45.00
45.00
50.00		 62.00
54.00
48.00
52.00		 17.00
9.00
3.00
2.00		 0.61
1.01
1.37
1.74
0.1 BKSRC002 55.00 58.00 3.00 0.41
0.1 BKSRC002 115.00 121.00 6.00 0.27
0.1
1.0		 BKSRC004
Including		 11.00
11.00		 13.00
12.00		 2.00
1.00		 1.05
1.87

Ravenswood Project Ongoing Activities

The Ravenswood Project remains a priority project for Ballymore with numerous targets that require evaluation. Key targets include Day Dawn, Seventy Mile Mount, Matthews Pinnacle, Pinnacle Creek with further evaluation of other targets underway.

An IP survey is currently being finalised over the Day Dawn gold-silver prospect on EPM 18426. This target hosts a stacked set of quartz lodes along strike from Hadleigh Castle and Disraeli mines, within the Mount Leyshon Corridor. Previous rock chip sampling has reported bonanza gold-silver results including up to 127.5 g/t Au and 2,770 g/t Ag . Soil sampling has also highlighted a large 1,400m x 300m gold-lead anomaly in the Day Dawn – Old Man area, corresponding with an interpreted fault corridor. Pending the results of the IP survey a drilling program is scheduled to test this target in 2023.

Further significant drilling results have been received for the Seventy Mile Mount target, confirming the existence of a significant, breccia-hosted gold deposit. Following the receipt of the latest results, data will be reviewed and modelled and a follow-up drill program will be planned. Substantial broad intervals of gold have already been reported, associated with the mapped breccia zone, including 58m @ 1.54 g/t Au (PD90-06: 56 – 114m) and 28m @ 2.89 g/t Au including 8m @ 9.21 g/t Au (LSD002: 260 – 288m). Potential exists to define a significant shallow Mineral Resource in this area. Other breccia targets in this area, including Matthews Pinnacle and Middle Mount also represent similar breccia targets with geochemical and geophysical targets that remain to be tested.

In addition, a review of the King Solomon target will be completed now that results for the preliminary drill program have been received. The prospect area hosts a series of pits and shafts over an area of 600m x 100m and historic drilling has reported a number of significant shallow intersections including 8m @ 7.69 g/t Au (KRC06: 26 – 34m). A soil sampling program completed by Ballymore in 2020-21 has defined a significant 5,000m long x 500m wide, east-northeast trending soil anomaly associated with the historic workings extending from King Solomon and Rose of Allandale in the west, through to a series of unnamed prospects located in the east of EPM 18637. This corridor remains poorly explored and will be reviewed in 2023.

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Ballymore Resources ASX Announcement 29[th] September 2022

About Ravenswood Project

The Ravenswood Project is situated in the Charters Towers region in northeast Queensland, approximately 20 - 60km south of Charters Towers. The Ravenswood Project contains numerous prospects, historic drill intersections and geochemical anomalies located within the 17 Moz Charters Towers gold province including Charters Towers vein-hosted gold targets and Mount Leyshon style breccia pipe-hosted targets including the Seventy Mile Mount prospect.

The Project consists of EPM’s 18424, 18426, 18637, 25466 and 25467, which comprise a total of 96 subblocks and encompass an area of 309km[2] . On the 31[st] October 2019, Ballymore Resources Limited entered into a farm-in agreement and joint venture with ActivEX Limited for the Ravenswood Project with Ballymore Resources earning-in to the tenements. In August 2021 Ballymore earned its initial 51% stake in the project and subsequently acquired the remaining 49% from ActivEX on 18[th] November 2021.

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Figure 5 – Ravenswood Project Tenements

Upcoming Works

  • Finalise Day Dawn IP Survey (Ravenswood Project)

  • Complete mapping and soil sampling at Maniopota (Ruddygore Project)

  • Complete Cedar Ridge RC Drilling Program (Dittmer Project)

  • Site works are currently underway to develop additional underground drill platforms to complete the Dittmer Resource drilling program (Dittmer Project)

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Ballymore Resources ASX Announcement 29[th] September 2022

About Ballymore Resources

Ballymore Resources Limited is a minerals exploration company committed to the acquisition, identification, and delineation of new resource projects through active exploration. The Ballymore portfolio is focussed on copper, gold and critical mineral projects, with substantial tenement packages in north Queensland. Ballymore has four project areas at Dittmer, Ruddygore, Ravenswood and Mount Molloy. These consist of two granted Mining Leases (MLs), thirteen granted Exploration Permits for Minerals (EPMs) covering an area of 1,461 km[2] .

Approved by the Board of Ballymore Resources Limited.

For further information:

David A-Izzeddin Technical Director [email protected]

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Ballymore Resources ASX Announcement 29[th] September 2022

Competent Persons 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 a director and 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.

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 following announcements:

  • *1 - Ballymore Prospectus released on 1 September 2021

  • *2 – “Acquisition of 100% of Ravenswood Project” released on 18 November 2021

  • *3 – “Seventy Mile Mount Drilling and CEI Hole Completed” released on 14 December 2021

  • *4 - “Drilling Confirms Large Gold System In Ravenswood Project” released on 4 March 2022

Forward-Looking Statements

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 required by the Corporations Act and ASX Listing Rules. Accordingly, you should not place undue reliance on any forward-looking statement.

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Ballymore Resources ASX Announcement 29[th] September 2022

APPENDIX 1. BALLYMORE RAVENSWOOD DRILL COLLAR INFORMATION

Hole Target EPM East* North* RL Tdepth Dip Azimuth
BSMRD003 Seventy Mile Mount EPM 18424 431595 7761439 363 429.67 -68 159
BSMRD004 Seventy Mile Mount EPM 18424 431600 7761445 364 419.13 -68 144
BSMRC005 Seventy Mile Mount EPM 18424 431679 7761237 352 200 -75 70
BKSRC001 King Solomon EPM 18637 455929 7795970 289 150 -60 220
BKSRC002 King Solomon EPM 18637 455959 7795941 287 150 -60 220
BKSRC003 King Solomon EPM 18637 455796 7796002 292 100 -60 180
BKSRC004 King Solomon EPM 18637 455993 7795813 290 150 -60 220
  • Projection: GDA94, Zone 55

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Ballymore Resources ASX Announcement 29[th] September 2022

APPENDIX 2. RAVENSWOOD – JORC CODE TABLE 1 CHECKLIST OF ASSESSMENT AND REPORTING CRITERIA

Section 1: Sampling Techniques and Data

CRITERIA JORC Code Explanation
Commentary		 JORC Code Explanation
Commentary
SAMPLING
TECHNIQUES		 •
Nature and quality of sampling (e.g., cut
channels,
random
chips,
or
specific
specialised industry standard measurement
tools appropriate to the minerals under
investigation, such as down hole gamma
sondes, or handheld XRF instruments, etc).
These examples should not be taken as
limiting the broad meaning of sampling.		 •
Exploration has been undertaken at the Project
since the early 1950s. Sampling methods have
included surface rock chip and trenching, soil,
and stream sediment samples, together with
drillhole
samples
comprising
open
hole
percussion, RC percussion, and diamond core
samples.
•
Geochemistry from soil and stream sediment
samples is used semi-quantitatively to guide
further exploration and is not used for Mineral
Resource estimation.
•
The accuracy of rock chip geochemistry is
generally high but these samples are spot
samples and generally not used in Mineral
Resource estimation.
•
The
accuracy
of
trench
and
channel
geochemistry is generally high. These samples
are
regularly
used
in Mineral
Resource
estimation.
•
The quality of open hole percussion drilling is
generally low because there is a likelihood of
contamination of samples. Consequently, these
samples are generally used to guide further
exploration and are not used for Mineral
Resource estimation.
•
The quality of RC percussion drilling is generally
medium – high because the method significantly
reduces the potential of contamination, unless
there is a lot of groundwater or badly broken
ground. Consequently, these samples can be
representative of the interval drilled and can be
used for Mineral Resource estimation.
•
The quality of diamond coring is generally
medium – high because the method is designed
to sample the rock mass effectively in most
conditions. Consequently, these samples can
be representative of the interval drilled and can
be used for Mineral Resource estimation.
•
Ballymore rock chip samples were collected
from outcrop, subcrop, float material, as well as
mullock samples.
•
Include reference to measures taken to ensure
sample representivity and the appropriate
calibration of any measurement tools or
systems used.		 •
No
information
is
available
documenting
measures to ensure sample representivity for
surface sampling methods. These methods are
not used for Mineral Resource estimation.
•
Trench and channel sampling is an established
method designed to deliver a representative
sample of the interval being sampled.
•
RC drilling is an established method designed to
minimise
drilling-induced
contamination
of
samples, aimed to deliver a representative
sample of the interval being drilled. Diamond
drilling is also an established method aimed at
collecting representative samples of the interval
being drilled.
•
Aspects of the determination of mineralisation
that are Material to the Public Report. In cases
where ‘industry standard’ work has been done
this would be relatively simple (e.g., ‘reverse
circulation drilling was used to obtain 1 m
samples from which 3 kg was pulverised to		 •
Economic gold mineralisation is measured in
terms of parts per million and therefore rigorous
sampling techniques must be adopted to ensure
quantitative, precise measurements of gold
concentration. If gold is present as medium –
coarse grains, the entire sampling, sub-

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Ballymore Resources ASX Announcement 29[th] September 2022

CRITERIA JORC Code Explanation
Commentary		 JORC Code Explanation
Commentary
produce a 30 g charge for fire assay’). In other
cases, more explanation may be required,
such as where there is coarse gold that has
inherent
sampling
problems.
Unusual
commodities or mineralisation types (e.g.,
submarine nodules) may warrant disclosure of
detailed information.		 sampling, and analytical process must be more
stringent. Where the main mineralisation is
copper, this is measured as a percentage and
therefore sampling techniques can be somewhat
less rigorous than for gold.
•
At Ravenswood, gold can be visible and
therefore there are inherent sampling problems.
Procedures used to manage this problem are
documented elsewhere in relevant sub-sections
of this table.
DRILLING
TECHNIQUES		 •
Drill type (e.g., core, reverse circulation, open-
hole hammer, rotary air blast, auger, Bangka,
sonic, etc) and details (e.g., core diameter,
triple or standard tube, depth of diamond tails,
face-sampling bit, or other type, whether core
is oriented and if so, by what method, etc).		 •
Numerous drilling programs have been recorded
across the Project area since the 1980s
comprising mostly RC and diamond drilling.
•
Most drilling is inconsistently documented and
therefore details on hole sizes, bit types and
other drilling parameters are sparse.
•
Ballymore completed 3 diamond drillholes in HQ
triple tube size (1,145.81m) in 2021. All holes
were oriented using an Ace instrument.
DRILL SAMPLE
RECOVERY		 •
Method of recording and assessing core and
chip sample recoveries and results assessed.		 •
For most programs, no information is available
documenting if sample recovery was routinely
recorded. Aberfoyle (1980s) reported sample
recoveries of typically >85% in percussion
drillholes.
•
No assessment of historic sample recovery has
been made.
•
Sample recovery for Ballymore drilling in 2021
was measured on a per-run basis and generally
reported to be greater than 99%
•
Measures taken to maximise sample recovery
and ensure representative nature of the
samples.		 •
No
information
is
available
documenting
measures to maximise sample recovery or
ensure collection of representative samples.
•
Whether a relationship exists between sample
recovery and grade and whether sample bias
may have occurred due to preferential
loss/gain of fine/coarse material.		 •
No assessment has been completed to
determine if there is a relationship between
sample recovery and grade, and whether there
is any potential for sample bias associated with
the drilling used to date.
LOGGING •
Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.		 •
Most historic drill logs document logging for
lithology, structure, alteration, mineralisation,
and veining. No core photography is available.
•
Logging information for historic holes are
possibly adequate to support future Mineral
Resource estimation but will be reassessed if
required.
•
Ballymore drilling: drill core was logged for
lithology, structure, alteration, mineralisation,
and veining, which is deemed to be appropriate
for the style of mineralisation and the lithologies
encountered. All core was photographed.
Logging information is adequate to support
Mineral Resource estimation. Information to
support geotechnical studies is available
•
Whether logging is qualitative or quantitative in
nature. Core (or costean, channel, etc)
photography.		 •
Logging of core is mostly qualitative, except for
some semi-quantitative logging of sulphide
content, quartz veining, RQD, and geotechnical
parameters.
•
The total length and percentage of the relevant
intersections logged.		 •
Geological logs were completed for all drilled
intervals.
SUB-SAMPLING
TECHNIQUES
AND SAMPLE
PREPARATION		 •
If core, whether cut or sawn and whether
quarter, half or all core taken.		 •
Different companies used different sampling
intervals that ranged from a nominal minimum of
1 m to a nominal maximum of 4 m. Not all drilled
intervals were sampled.
•
No information is available on whether the
historic core was cut or split or the size of the
core samples submittedforanalysis.

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Ballymore Resources ASX Announcement 29[th] September 2022

CRITERIA JORC Code Explanation
Commentary		 JORC Code Explanation
Commentary
•
Ballymore drilling: Ballymore cut core samples
in half or quarter using a diamond saw and
where appropriate used geological contacts or
mineralisation to define sample intervals.
•
If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or
dry.		 •
No information is available on moisture content
of historic percussion samples.
•
Limited information is reported for subsampling
of percussion chips. Some companies report the
use of cyclones at rigs and/or spearing of sample
intervals to collect a sample for laboratory
analysis.
•
Ballymore has not completed any percussion
drilling
•
For all sample types, the nature, quality, and
appropriateness of the sample preparation
technique.		 •
Limited details of the laboratory preparation of
samples were recorded for historic drilling. It is
assumed that sample preparation methods used
by all commercial laboratories followed the basic
steps of drying, crushing, and pulverising, but
details of the amount of the sample crushed and
pulverised are not known. Therefore, it is not
possible
to
assess
the
quality
and
appropriateness of the sample preparation
techniques.
•
Ballymore drilling: Half core was submitted to the
laboratory, generally 2 – 3 kg per sample. All of
the core was dried, crushed to -6 mm, then
pulverised to 85% - 75 µm. This method is
considered appropriate for mineralisation that
may have visible gold mineralisation.
•
Quality control procedures adopted for all sub-
sampling stages to maximise representivity of
samples.		 •
Limited information has been recorded that
documents quality control procedures adopted
for all sub-sampling stages to maximise
representivity of samples in historic drilling.
•
Ballymore drilling: Drill core samples of cut core
were consistently taken from the same side of
the orientation line on the core to maintain
consistency. All of the sample was crushed and
pulverised to maximise sample representativity.
Pulverised samples were tested for compliance
to grinding specifications at the rate of 1 in 40.
•
Measures taken to ensure that the sampling is
representative of the in situ material collected,
including
for
instance
results
for
field
duplicate/second-half sampling.		 •
No
information
has
been
recorded
that
documents measures taken to ensure that the
sampling is representative of the in situ material
collected in historic drilling.
•
Ballymore drilling: QA/QC procedures included
the insertion of quarter core field duplicates at
the insertion rate of 1 in 20 samples. Field
blanks were also submitted to the laboratory.
•
Whether sample sizes are appropriate to the
grain size of the material being sampled.		 •
No formal assessment has been undertaken to
quantify the appropriate sample size required for
good quality determination of gold content, given
the nature of the gold mineralisation.
QUALITY OF
ASSAY DATA
AND
LABORATORY
TESTS		 •
The nature, quality and appropriateness of the
assaying and laboratory procedures used and
whether the technique is considered partial or
total.		 •
Limited detailed information has been recorded
that documents the nature, quality, and
appropriateness of assaying methods used for
any of the historic drilling programs. Where gold
was analysed, it was undertaken by aqua regia
digest and AAS finish, or more generally by fire
assay method. Where other elements were
analysed, earlier programs tended to analyse for
a limited suite e.g., Cu, Pb, Zn, Ag. Some later
programs used a large multi-element suite
analysed by ICP.
•
Ballymore drilling and rock chip samples were
analysed at ALS Townsville and Intertek
Townsville using a multi-element suite by aqua
regia digestion and ICP-MS finish. For most
elements, this is considered as a total analysis.

13

Ballymore Resources ASX Announcement 29[th] September 2022

CRITERIA JORC Code Explanation
Commentary		 JORC Code Explanation
Commentary
Gold was analysed with a 50 g charge used for
fire assay with an ICP-AES determination.
Normally the gold analysis would be considered
a total analysis.
•
For
geophysical
tools,
spectrometers,
handheld
XRF
instruments,
etc,
the
parameters used in determining the analysis
including instrument make and model, reading
times, calibrations factors applied and their
derivation, etc.		 •
In 2015 ActivEX completed a pXRF soil survey
over the King Solomon – Rose of Allandale
workings on EPM 18637. 1,117 readings
acquired on north-south traverses spaced 50 m
apart with a nominal reading interval of 100 –
200 m. The survey was carried out using a Niton
XL3t-950 handheld XRF analyser on ‘Soil’ mode,
using three filters, each with 30 second duration
to give a total analysing time of 90 seconds.
•
Soil samples were prepared by scuffing a 10
cm2 area to remove any light vegetation and
immediate top soil. The instrument was then
used to analyse the area directly. The analyser
window
was
checked
for
any
foreign
contaminant between samples. Niton XL3t-950
handhelds are able to detect 34 elements on
‘Soil’ mode, using three filters, each with 30
second duration (Ag, As, Au, Ba, Ca, Cd, Co, Cr,
Cs, Cu, Fe, Hg, K, Mn, Mo, Ni, Pb, Pd, Rb, S,
Sb, Sc, Se, Sn, Sr, Te, Th, Ti, U, V, W, Y, Zn,
Zr).
•
Nature of quality control procedures adopted
(e.g., standards, blanks, duplicates, external
laboratory checks) and whether acceptable
levels of accuracy (i.e., lack of bias) and
precision have been established.		 •
Limited details of the use of standards or
certified reference materials have been reported
for historic drilling.
•
Ballymore drilling: In addition to blanks and field
duplicates, 4 commercial CRMs of low grade to
high grade gold ore material were prepared and
certified for Au, Ag and Cu by Ore Research &
Exploration Services Pty Ltd. These were
incorporated into the sampling stream to achieve
an overall insertion rate of 1 duplicate, blank or
CRM for every 10 core samples.
VERIFICATION
OF SAMPLING
AND ASSAYING		 •
The verification of significant intersections by
either independent or alternative company
personnel.		 •
It has not been possible to independently verify
significant intersections for historic drilling.
•
The use of twinned holes.		 •
There has been no use of twinned holes to date.
•
Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.		 •
Ballymore has collated and created a digital
database of previous exploration completed at
the Project.
•
Ballymore drilling: Primary logging data was
recorded digitally onto electronic spread sheets
and validated against code tables by the logging
geologist. Primary analytical data was received
electronically in csv file format and imported
directly into an electronic assay register spread
sheet. Data validation was conducted by
comparing the spreadsheet data against the
Certificate of Analysis supplied as a secured pdf
file by the laboratory.
•
Discuss any adjustment to assay data.		 •
No adjustments to assay data have been made.
LOCATION OF
DATA POINTS		 •
Accuracy and quality of surveys used to locate
drill holes (collar and down-hole surveys),
trenches, mine workings and other locations
used in Mineral Resource estimation.		 •
No details of the accuracy and quality of surveys
used to locate drillholes (collar and down-hole
surveys) is recorded. Drillhole collar locations
were typically based on local grids and the
accuracy of drill collars has not been verified to
date.
•
Ballymore surface geochemical sampling is
surveyed using a handheld GPS with a location
error of +/- 5m.
•
Ballymore surface
drilling: Drillhole collar
locations were initially set out (and reported)
using a handheld GPS with a location error of +/-
5m. All holes were subsequently surveyed by
contract surveyorto a sub-metre accuracy,with

14

Ballymore Resources ASX Announcement 29[th] September 2022

CRITERIA JORC Code Explanation Commentary
data supplied electronically as spreadsheets
and pdf files. The azimuth and dip at the start of
the hole was recorded using a line of sight
Suunto compass and Suunto clinometer by the
site geologist. The orientation and dip of
drillholes are measured with downhole surveys
@ 15 m, 30 m, then every 30 m using a REFLEX
single/multi-shot survey tool. End of hole
surveys were also taken for each hole. At hole
completion, holes were gyro surveyed.
•
Specification of the grid system used.		 •
The co-ordinate system used is MGA94 zone 55
Datum.
•
Quality and adequacy of topographic control.		 •
Quality of the topographic control data is poor
and is currently reliant on public domain data.
DATA SPACING
AND
DISTRIBUTION		 •
Data spacing for reporting of Exploration
Results.		 •
There is a relatively small amount of drilling to
date at Seventy Mile Mount, Matthews Pinnacle,
Puddler Creek, Day Dawn, Radical, Cockfields,
Lighthorse, Just In Time, Westgate, Matthews
South, Rishton Sands and Red Dust prospects.
The spacing of drillhole data is variable.
•
Whether the data spacing and distribution is
sufficient to establish the degree of geological
and grade continuity appropriate for the
Mineral Resource and Ore Reserve estimation
procedure(s) and classifications applied.		 •
There are no Mineral Resources or Ore
Reserves.
•
There is insufficient drill spacing to establish the
degree of geological and grade continuity
appropriate for Mineral Resource and Ore
Reserve estimation.
•
Whether sample compositing has been
applied.		 •
Some sample compositing was carried out on
site within some of the percussion drilling e.g.,
Aurora Gold (1993) composited the 1 m RC
drillhole samples into 4 m composites for initial
analysis, and Rishton Gold (1996) composited
the 1 m RC drillhole samples into 3 m
composites.
•
For reporting purposes, some drillhole assay
results have been composited together to report
contiguous zones of mineralisation.
ORIENTATION
OF DATA IN
RELATION TO
GEOLOGICAL
STRUCTURE		 •
Whether the orientation of sampling achieves
unbiased sampling of possible structures and
the extent to which this is known, considering
the deposit type.		 •
Previous drillholes were generally sited to
intersect interpreted mineralised zones at a high
angle, however, only limited drilling has been
completed to date and further drilling will be
required to establish the optimal orientation.
•
To the extent known, drilling is assumed to be
unbiased.
•
If the relationship between the drilling
orientation
and
the
orientation
of
key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.		 •
No sampling bias is considered to have been
introduced in drilling completed.
SAMPLE
SECURITY		 •
The measures taken to ensure sample
security.		 •
No chain of custody is documented for previous
drilling.
•
For Ballymore sampling programs, all work was
supervised by company staff. Samples were
double bagged, palletised and shrink wrapped at
the core shed before dispatch to the laboratory.
AUDITS OR
REVIEWS		 •
The results of any audits or reviews of
sampling techniques and data.		 •
Ballymore
programs:
Internal
auditing
procedures
and
reviews
were
regularly
undertaken on sampling techniques, standard
operating
procedures,
and
laboratory
processes.
•
Derisk has completed a review of the work
Ballymore has undertaken.

15

Ballymore Resources ASX Announcement 29[th] September 2022

Section 2: Reporting of Exploration Results

CRITERIA JORC Code explanation Commentary
MINERAL
TENEMENT AND
LAND TENURE
STATUS		 •
Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint ventures,
partnerships, overriding royalties, native title
interests,
historical
sites,
wilderness
or
national park and environmental settings.		 •
The Project tenements comprise EPM 18424,
EPM 18426, EPM 18637, EPM 25466, and EPM
25467.
•
Ballymore earned its initial 51% stake in the project
and subsequently acquired the remaining 49%
from ActivEX on 18thNovember 2021.
•
The security of the tenure held at the time of
reporting along with any known impediments
to obtaining a licence to operate in the area.		 •
All tenements are in good standing.
EXPLORATION
DONE BY OTHER
PARTIES		 •
Acknowledgment and appraisal of exploration
by other parties.		 •
Numerous exploration permits and mining leases
have been held over parts and/or all of the Project
area. Previous exploration has included geological
mapping,
soil
and
rock
chip
geochemical
sampling, airborne and ground geophysics, plus
RC and diamond drilling. Major programs included:
o Aberfoyle Exploration (1983 – 1985) completed an
IP survey, VLF EM survey, horizontal loop EM,
geological mapping, soil sampling, petrology,
ground magnetic survey, panned concentrate
samples, percussion drilling around Seventy Mile
Mount and Middle Mount (5 holes for 586 m).
o Pajingo Gold Mine/Battle Mountain (Australia) Inc
(1985 – 1988) completed reconnaissance and
detailed mapping, prospecting, costeaning, rock
chip sampling, drilling at Cockfields and Seventy
Mile Creek (19 holes for 449.5 m).
o Aurora
Gold
Limited/North
Queensland
Resources/Newmont Holdings /BHP Minerals
(1981
–
1994)
completed
work
including
photogeological interpretation, rock chip sampling,
stream
sediment
sampling,
soil
sampling,
geological mapping, percussion drilling (9 holes for
394
m),
magnetic
susceptibility
traverses,
metallurgical
testwork,
engineering
studies,
resource estimates, ore reserves. Key prospects
explored within the Ravenswood project included
Day Dawn, Radical, Cornishman and Alfonso.
o Pan Australian Mining (1982 – 1992) completed
airborne
magnetics/radiometrics,
geological
mapping,
aerial
photography,
BCL
stream
sediment
sampling,
prospecting,
rock
chip
sampling, gridding, ground magnetics, trenching
and percussion drilling at Lighthorse and Just In
Time (11 holes for 321.5 m).
o Esso Australia (1983 – 1985) completed stream
sediment sampling, mapping, literature review,
aerial photography, re-interpretation of stream
sediment data, petrology, trenching at Matthew
Pinnacle, Matthews South and Westgate (30
trenches for 1,164 m), RC drilling at Westgate,
Puddler Creek, Pinnacle Creek, and Matthews
Pinnacle (13 holes for 682 m) and diamond drilling
at Westgate and Pinnacle Creek (4 holes for 239
m).
o Mount Leyshon Gold Mines (1991 – 2009)
completed
geological
mapping,
rock
chip
sampling, soil sampling, aerial photography,
ground magnetic survey, gravity survey, 3D pole –
dipole IP survey, RAB drilling, RC drilling, diamond
drilling at Puddler Creek, Seventy Mile Mount,
Matthews Pinnacle (145 holes for 14,568.77 m).
o Rishton Gold (1995 – 2008) completed desktop
studies, literature review, ground reconnaissance,
geological mapping, ground magnetics survey,
gridding, soil sampling, rock chip sampling, aircore

16

Ballymore Resources ASX Announcement 29[th] September 2022

CRITERIA JORC Code explanation
Commentary		 JORC Code explanation
Commentary
bedrock drilling at Rishton Sands (57 holes for
1,140 m).
o Union Oil Development Corporation (1988 – 1989)
reviewed
multispectral
data,
completed
reconnaissance
and
grid
mapping
at
Mt
Cornishman, rock chip sampling, stream sediment
sampling,
acquisition
of
aeromagnetic
and
radiometric data, RC drilling at Red Dust (15 holes
for 630 m).
GEOLOGY •
Deposit type, geological setting, and style of
mineralisation.		 •
The Ravenswood Project is located within the
Ravenswood Batholith in the Mount Windsor
Subprovince of the Charters Towers Province,
within the Thomson Orogen, part of the northern
Tasman Fold Belt System.
•
Ballymore considers that the Project is prospective
for:
o Devonian intrusive-hosted mesothermal gold
veins e.g., Charters Towers Goldfield.
o Carboniferous intrusive-hosted mesothermal gold
veins e.g., Ravenswood Goldfield.
o Early Permian breccia-hosted gold systems e.g.,
Mount Leyshon, Mount Wright, Welcome Breccia.
o Late Palaeozoic low sulphidation epithermal gold
veins e.g., Pajingo group.
o Cambrian polymetallic volcanic-hosted massive
sulphides e.g., Mount Windsor deposits.
DRILL HOLE
INFORMATION		 •
A summary of all information material to the
understanding of the exploration results
including a tabulation of the following
information for all Material drill holes:
−
Easting and northing of the drill hole collar.
−
Elevation or RL (Reduced Level – elevation
above sea level in metres) of the drill hole
collar.
−
Dip and azimuth of the hole.
−
Down hole length and interception depth.
−
Holelength.		 •
Refer to Appendix 1 & 3.
•
If the exclusion of this information is justified
on the basis that the information is not Material
and this exclusion does not detract from the
understanding of the report, the Competent
Person should clearly explain why this is the
case.		 •
Refer to Appendix 1 & 3.
DATA
AGGREGATION
METHODS		 •
In reporting Exploration Results, weighting
averaging
techniques,
maximum
and/or
minimum grade truncations (e.g., cutting of
high grades) and cut-off grades are usually
Material and should be stated.		 •
The mineralised drill intersections are reported as
downhole intervals and were not converted to true
widths. Where gold repeats were recorded, the
average of all the samples was used. True widths
may be up to 50% less than drill intersections
pending confirmation of mineralisation geometry.
•
No capping of high grades was performed in the
aggregation process.
•
Where aggregate intercepts incorporate short
lengths of high grade results and longer
lengths of low grade results, the procedure
used for such aggregation should be stated
and
some
typical
examples
of
such
aggregations should be shown in detail.		 •
The drill intercepts reported were calculated using
a 0.1 g/t Au cut-off grade. Gold grade for the
intercept was calculated as a weighted average
grade. Up to 5 m (down hole) of internal waste (<
0.1 g/t Au) was included in some cases.
•
The assumptions used for any reporting of
metal equivalent values should be clearly
stated.		 •
No metal equivalents are reported.
RELATIONSHIP
BETWEEN
MINERALISATIO
 •
These relationships are particularly important
in the reporting of Exploration Results.		 •
Overall, previous drilling orientation and sampling
was
generally
as
perpendicular
to
the
mineralisation targets as practicable.
N WIDTHS AND
INTERCEPT
LENGTHS		 •
If the geometry of the mineralisation with
respect to the drill hole angle is known, its
nature should be reported.		 •
The geometry of the various drill targets has
generally been established through mapping and
most mineralisation is typically hosted in sub-

17

Ballymore Resources ASX Announcement 29[th] September 2022

CRITERIA JORC Code explanation Commentary
vertical veining and breccia bodies. Nevertheless,
further work is required to establish the optimal
angle to test the mineralisation.
•
If it is not known and only the down hole
lengths are reported, there should be a clear
statement to this effect (e.g., ‘down hole
length, true width not known’).		 •
The mineralised intercepts generally intersect the
interpreted dip of the mineralisation at a high angle
but are not true widths.
DIAGRAMS •
Appropriate maps and sections (with scales)
and tabulations of intercepts should be
included for any significant discovery being
reported These should include, but not be
limited to a plan view of drill hole collar
locations and appropriate sectional views.		 •
Refer to figures contained within this report.
BALANCED
REPORTING		 •
Where
comprehensive
reporting
of
all
Exploration
Results
is
not
practicable,
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
Results.		 •
Balanced reporting of Exploration Results is
presented within this report.
OTHER
SUBSTANTIVE
EXPLORATION
DATA		 •
Other exploration data, if meaningful and
material, should be reported including (but not
limited
to):
geological
observations;
geophysical survey
results;
geochemical
survey results; bulk samples – size and
method of treatment; metallurgical test results;
bulk density, groundwater, geotechnical and
rock characteristics; potential deleterious or
contaminating substances.		 •
The Project includes a large amount of exploration
data collected by previous companies, including
regional stream sediment geochemical data, soil
sample and rock chip data, geological mapping
data, drilling data, geophysical survey data, and
costean data. Much of this data has been captured
and validated into a GIS database.
•
Previous mining has been limited and involved
very selective mining and hand sorting. Limited
systematic data has been collected to date to
assess metallurgy and mining parameters relevant
to a modern operation.
FURTHER WORK •
The nature and scale of planned further work
(e.g., tests for lateral extensions or depth
extensions or large-scale step-out drilling).		 •
Ballymore plans to conduct surface geological
mapping and geochemistry, and drilling across
various high-priority target areas over the next two
years.
•
Diagrams clearly highlighting the areas of
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
commercially sensitive.		 •
Refer to figures contained within this report.

18

Ballymore Resources ASX Announcement 29[th] September 2022

APPENDIX 3. RAVENSWOOD HISTORIC DRILLING

Company Target HoleID Hole Type East
(MGA)		 North
(MGA)		 RL Depth
(m)		 Dip (°) Azimuth
(° Mag)		 Licence Year
Aberfoyle
Exploration		 Seventy Mile
Mount		 PSM1 Percussion 431,427 7,761,333 323 80 -60 132 3466 1984
Aberfoyle
Exploration		 Seventy Mile
Mount		 PSM2 Percussion 431,521 7,761,216 327 76 -60 132 3466 1984
Aberfoyle
Exploration		 Seventy Mile
Mount		 PSM3 Percussion 431,485 7,761,265 319 136 -60 130 3466 1984
Aberfoyle
Exploration		 Seventy Mile
Mount		 PSM4 Percussion 431,611 7,761,311 359 136 -60 170 3466 1984
Aberfoyle
Exploration		 Seventy Mile
Mount		 PSM5 Percussion 431,633 7,761,029 313 158 -60 120 3466 1984
Aurora
Gold		 Cornishman
Prospect		 CM001 Reverse
Circulation		 441,980 7,773,031 245 66 -60 340 9471 1993
Aurora
Gold		 Day Dawn
Workings		 DDRC001 Reverse
Circulation		 446,896 7,772,831 235 48 -60 55 4333 1993
Aurora
Gold		 Day Dawn -
Boatswains		 DDRC002 Reverse
Circulation		 447,057 7,772,747 230 40 -60 30 4333 1993
Aurora
Gold		 Day Dawn
Workings		 DDRC003 Reverse
Circulation		 446,804 7,772,970 241 43 -60 60 4333 1993
Aurora
Gold		 Day Dawn
Workings		 DDRC004 Reverse
Circulation		 446,774 7,773,026 241 50 -60 60 4333 1993
Aurora
Gold		 Radical RARC001 Reverse
Circulation		 443,990 7,771,422 259 33 -60 0 5960 1993
Aurora
Gold		 Radical RARC002 Reverse
Circulation		 444,072 7,771,411 260 27 -60 0 5960 1993
Aurora
Gold		 Radical RARC003 Reverse
Circulation		 444,100 7,771,405 261 33 -60 0 5960 1993
Aurora
Gold		 Radical RARC004 Reverse
Circulation		 444,102 7,771,425 261 54 -60 0 5960 1993
Mount
Leyshon
Gold Mines		 Puddler Creek MMRC00
1		 Reverse
Circulation		 431,038 7,761,113 340 336 -60 155 4229 1999
Pajingo
Gold Mine		 Cockfields CR0001 Reverse
Circulation		 440,066 7,769,448 273 20 -60 225 4015 1985
Pajingo
Gold Mine		 Cockfields CR0002 Reverse
Circulation		 440,060 7,769,437 272 19 -60 225 4015 1985
Pajingo
Gold Mine		 Cockfields CR0003 Reverse
Circulation		 440,024 7,769,462 272 32 -60 225 4015 1985
Pajingo
Gold Mine		 Cockfields CR0004 Reverse
Circulation		 440,123 7,769,394 272 20 -60 225 4015 1985
Pajingo
Gold Mine		 Cockfields CR0005 Reverse
Circulation		 440,146 7,769,363 272 20 -60 225 4015 1985
Pajingo
Gold Mine		 Cockfields CR0006 Reverse
Circulation		 439,973 7,769,720 279 27 -60 225 4015 1985
Pajingo
Gold Mine		 Cockfields CR0007 Reverse
Circulation		 439,714 7,770,751 264 32 -60 265 4015 1985
Pajingo
Gold Mine		 Cockfields CR0008 Reverse
Circulation		 439,711 7,770,684 266 22 -60 277 4015 1985
Pajingo
Gold Mine		 Cockfields CR0009 Reverse
Circulation		 439,711 7,770,615 268 21.5 -60 97 4015 1985

19

Ballymore Resources ASX Announcement 29[th] September 2022

Company Target HoleID Hole Type East
(MGA)		 North
(MGA)		 RL Depth
(m)		 Dip (°) Azimuth
(° Mag)		 Licence Year
Pajingo
Gold Mine		 Cockfields CR0010 Reverse
Circulation		 439,750 7,770,466 274 33 -60 277 4015 1985
Pajingo
Gold Mine		 Cockfields CR0011 Reverse
Circulation		 439,780 7,770,468 273 20 -60 97 4015 1985
Pajingo
Gold Mine		 Cockfields CR0012 Reverse
Circulation		 439,524 7,770,307 272 33 -60 45 4015 1985
Pajingo
Gold Mine		 Cockfields CR0013 Reverse
Circulation		 442,231 7,766,625 278 9 -60 359 4015 1985
Pajingo
Gold Mine		 Cockfields CR0014 Reverse
Circulation		 442,230 7,766,635 279 9 -60 359 4015 1985
Battle
Mountain
(Australia)
Inc		 Seventy Mile
Creek		 CR0031 Reverse
Circulation		 435,688 7,768,511 280 30 -60 165 4015 1987
Battle
Mountain
(Australia)		 Seventy Mile
Creek		 CR0033 Reverse
Circulation		 435,800 7,768,704 273 28 -60 165 4015 1987
Battle
Mountain
(Australia)		 Seventy Mile
Creek		 CR0034 Reverse
Circulation		 435,761 7,768,704 275 24 -60 165 4015 1987
Battle
Mountain
(Australia)		 Seventy Mile
Creek		 SM1 Trench 435,897 7,768,568 276 25 0 350 4015 1987
Battle
Mountain
(Australia)		 Seventy Mile
Creek		 SM2 Trench 435,736 7,768,588 275 25 0 350 4015 1987
Mount
Leyshon
Gold Mines		 Puddler Creek GS1 Reverse
Circulation		 425,443 7,755,772 366 84 -45 119 10144 1991
Mount
Leyshon
Gold Mines		 Puddler Creek GS2 Reverse
Circulation		 425,440 7,755,746 366 74.9 -52 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GS3 Reverse
Circulation		 425,429 7,755,742 372 86.6 -55 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GS4 Reverse
Circulation		 425,332 7,755,826 385 179.3 -75 126 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP10 Reverse
Circulation		 425,455 7,755,706 372 38 -57 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP11 Reverse
Circulation		 425,420 7,755,737 372 106 -54 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP12 Reverse
Circulation		 425,468 7,755,722 361 35 -52 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP13 Reverse
Circulation		 425,450 7,755,738 367 70 -51 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP14 Reverse
Circulation		 425,431 7,755,755 371 105 -51 126 10144 1993

20

Ballymore Resources ASX Announcement 29[th] September 2022

Company Target HoleID Hole Type East
(MGA)		 North
(MGA)		 RL Depth
(m)		 Dip (°) Azimuth
(° Mag)		 Licence Year
Mount
Leyshon
Gold Mines		 Puddler Creek GSP15 Reverse
Circulation		 425,476 7,755,810 357 100 -59 124 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP16 Reverse
Circulation		 425,492 7,755,795 353 75 -59 124 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP17 Reverse
Circulation		 425,508 7,755,781 353 50 -60 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP18 Reverse
Circulation		 425,496 7,755,759 354 40 -51 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP19 Reverse
Circulation		 425,478 7,755,775 358 70 -51 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP2 Reverse
Circulation		 425,505 7,755,821 351 80 -60 129 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP20 Reverse
Circulation		 425,459 7,755,791 365 110 -51 124 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP21 Reverse
Circulation		 425,486 7,755,833 357 100 -61 123 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP22 Reverse
Circulation		 425,470 7,755,749 360 50 -48 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP23 Reverse
Circulation		 425,434 7,755,779 365 100 -53 123 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP24 Reverse
Circulation		 425,459 7,755,730 367 55 -51 124 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP25 Reverse
Circulation		 425,442 7,755,690 372 34 -51 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP26 Reverse
Circulation		 425,422 7,755,709 376 70 -51 124 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP27 Reverse
Circulation		 425,523 7,755,832 347 50 -49 124 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP28 Reverse
Circulation		 425,504 7,755,849 349 85 -49 123 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP29 Reverse
Circulation		 425,657 7,755,782 344 60 -44 266 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP3 Reverse
Circulation		 425,478 7,755,788 358 80 -60 129 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP30 Reverse
Circulation		 425,635 7,755,757 343 60 -43 265 10144 1993

21

Ballymore Resources ASX Announcement 29[th] September 2022

Company Target HoleID Hole Type East
(MGA)		 North
(MGA)		 RL Depth
(m)		 Dip (°) Azimuth
(° Mag)		 Licence Year
Mount
Leyshon
Gold Mines		 Puddler Creek GSP31 Reverse
Circulation		 425,432 7,755,699 376 50 -51 126 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP32 Reverse
Circulation		 425,413 7,755,718 372 80 -51 126 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP33 Reverse
Circulation		 425,430 7,755,675 381 35 -54 124 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP34 Reverse
Circulation		 425,412 7,755,691 376 70 -54 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP35 Reverse
Circulation		 425,418 7,755,660 381 35 -54 124 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP36 Reverse
Circulation		 425,409 7,755,668 381 50 -54 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP37 Reverse
Circulation		 425,447 7,755,713 367 50 -54 128 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP38 Reverse
Circulation		 425,429 7,755,728 372 80 -56 126 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP39 Reverse
Circulation		 425,445 7,755,701 372 45 -54 127 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP4 Reverse
Circulation		 425,438 7,755,721 367 80 -60 129 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP40 Reverse
Circulation		 425,435 7,755,710 372 60 -54 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP41 Reverse
Circulation		 425,426 7,755,718 372 75 -55 126 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP42 Reverse
Circulation		 425,457 7,755,717 367 45 -55 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP43 Reverse
Circulation		 425,448 7,755,726 367 60 -54 124 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP44 Reverse
Circulation		 425,438 7,755,734 367 75 -55 128 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP45 Reverse
Circulation		 425,470 7,755,734 361 45 -55 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP46 Reverse
Circulation		 425,460 7,755,743 367 60 -54 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP47 Reverse
Circulation		 425,450 7,755,751 366 75 -55 125 10144 1993

22

Ballymore Resources ASX Announcement 29[th] September 2022

Company Target HoleID Hole Type East
(MGA)		 North
(MGA)		 RL Depth
(m)		 Dip (°) Azimuth
(° Mag)		 Licence Year
Mount
Leyshon
Gold Mines		 Puddler Creek GSP48 Reverse
Circulation		 425,500 7,755,788 353 60 -59 127 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP49 Reverse
Circulation		 425,484 7,755,802 358 80 -59 124 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP5 Reverse
Circulation		 425,485 7,755,905 349 52 -55 89 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP50 Reverse
Circulation		 425,497 7,755,774 354 50 -59 128 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP51 Reverse
Circulation		 425,489 7,755,781 358 70 -59 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP52 Reverse
Circulation		 425,433 7,755,686 376 45 -54 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP53 Reverse
Circulation		 425,424 7,755,694 376 60 -54 126 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP54 Reverse
Circulation		 425,414 7,755,703 376 75 -54 127 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP55 Reverse
Circulation		 425,408 7,755,734 372 80 -55 129 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP56 Reverse
Circulation		 425,476 7,755,672 365 55 -79 305 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP57 Reverse
Circulation		 425,432 7,755,767 371 100 -54 127 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP58 Reverse
Circulation		 425,401 7,755,752 378 80 -55 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP59 Reverse
Circulation		 425,411 7,755,771 371 120 -51 126 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP6 Reverse
Circulation		 425,509 7,755,903 347 66 -55 87 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP60 Reverse
Circulation		 425,377 7,755,772 378 140 -75 125 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP61 Reverse
Circulation		 425,398 7,755,796 379 80 -51 128 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP62 Reverse
Circulation		 425,490 7,755,688 363 55 -79 305 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP63 Reverse
Circulation		 425,424 7,755,774 371 75 -65 125 10144 1994

23

Ballymore Resources ASX Announcement 29[th] September 2022

Company Target HoleID Hole Type East
(MGA)		 North
(MGA)		 RL Depth
(m)		 Dip (°) Azimuth
(° Mag)		 Licence Year
Mount
Leyshon
Gold Mines		 Puddler Creek GSP64 Reverse
Circulation		 425,395 7,755,798 379 95 -64 126 10144 1994
Mount
Leyshon
Gold Mines		 Puddler Creek GSP65 Reverse
Circulation		 425,420 7,755,792 373 80 -65 125 10144 1994
Mount
Leyshon
Gold Mines		 Puddler Creek GSP66 Reverse
Circulation		 425,402 7,755,766 378 85 -64 124 10144 1994
Mount
Leyshon
Gold Mines		 Puddler Creek GSP67 Reverse
Circulation		 425,526 7,755,802 349 28 -67 125 10144 1994
Mount
Leyshon
Gold Mines		 Puddler Creek GSP68 Reverse
Circulation		 425,507 7,755,799 353 35 -65 125 10144 1994
Mount
Leyshon
Gold Mines		 Puddler Creek GSP69 Reverse
Circulation		 425,523 7,755,819 347 35 -64 126 10144 1994
Mount
Leyshon
Gold Mines		 Puddler Creek GSP7 Reverse
Circulation		 425,518 7,755,809 351 33 -60 120 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP70 Reverse
Circulation		 425,437 7,755,810 364 80 -64 123 10144 1994
Mount
Leyshon
Gold Mines		 Puddler Creek GSP71 Reverse
Circulation		 425,413 7,755,814 372 90 -64 124 10144 1994
Mount
Leyshon
Gold Mines		 Puddler Creek GSP72 Reverse
Circulation		 425,389 7,755,820 378 100 -61 125 10144 1994
Mount
Leyshon
Gold Mines		 Puddler Creek GSP73 Reverse
Circulation		 425,381 7,755,747 378 75 -64 123 10144 1994
Mount
Leyshon
Gold Mines		 Puddler Creek GSP74 Reverse
Circulation		 425,466 7,755,769 360 55 -62 124 10144 1994
Mount
Leyshon
Gold Mines		 Puddler Creek GSP75 Reverse
Circulation		 425,376 7,755,831 378 90 -60 124 10144 1994
Mount
Leyshon
Gold Mines		 Puddler Creek GSP76 Reverse
Circulation		 425,402 7,755,809 378 95 -62 124 10144 1994
Mount
Leyshon
Gold Mines		 Puddler Creek GSP77 Reverse
Circulation		 425,376 7,755,802 379 100 -64 123 10144 1994
Mount
Leyshon
Gold Mines		 Puddler Creek GSP8 Reverse
Circulation		 425,563 7,755,842 345 51 -60 122 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek GSP9 Reverse
Circulation		 425,540 7,755,861 346 90 -60 122 10144 1993
Mount
Leyshon
Gold Mines		 Puddler Creek LXR011 Reverse
Circulation		 425,728 7,754,875 344 100 -60 45 10144 1999

24

Ballymore Resources ASX Announcement 29[th] September 2022

Company Target HoleID Hole Type East
(MGA)		 North
(MGA)		 RL Depth
(m)		 Dip (°) Azimuth
(° Mag)		 Licence Year
Mount
Leyshon
Gold Mines		 Puddler Creek MLRC102
1		 Reverse
Circulation		 425,377 7,756,015 373 204 -60 172 10144 1999
Mount
Leyshon
Gold Mines		 Puddler Creek MLRC102
2		 Reverse
Circulation		 425,341 7,755,822 385 124 -60 315 10144 1999
Mount
Leyshon
Gold Mines		 Puddler Creek MLRC102
3		 Reverse
Circulation		 425,344 7,755,819 385 234 -55 262 10144 1999
Mount
Leyshon
Gold Mines		 Puddler Creek MLRC104
4		 Reverse
Circulation		 425,530 7,755,770 348 120 -60 115 10144 1999
Mount
Leyshon
Gold Mines		 Puddler Creek MLRC980 Reverse
Circulation		 425,341 7,755,768 393 426 -53 245 10144 1999
Pan
Australian
Mining		 Lighthorse LHP001 Percussion 432,972 7,759,398 291 33 -60 170 4229 1988
Pan
Australian
Mining		 Lighthorse LHP002 Percussion 432,905 7,759,372 288 33 -60 190 4229 1988
Pan
Australian
Mining		 Lighthorse LHP003 Percussion 432,907 7,759,390 288 57 -60 190 4229 1988
City
Resources		 Matthews
Pinnacle		 MP125 Reverse
Circulation		 429,517 7,760,394 336 96 -60 170 4229 1987
City
Resources		 Matthews
Pinnacle		 MP126 Reverse
Circulation		 429,518 7,760,344 344 84 -60 170 4229 1987
City
Resources		 Pinnacle
Creek		 MP127 Diamond 428,377 7,760,029 317 99 -60 210 4229 1987
City
Resources		 Pinnacle
Creek		 MP128 Diamond 428,336 7,760,023 318 79.5 -60 210 4229 1987
City
Resources		 Pinnacle
Creek		 MP129 Reverse
Circulation		 428,326 7,760,069 319 108 -60 210 4229 1987
City
Resources		 Seventy Mile
Mount		 SM001 Reverse
Circulation		 431,412 7,761,377 320 130 -60 130 4229 1987
City
Resources		 Seventy Mile
Mount		 SM002 Diamond 431,419 7,761,333 323 81 -60 130 4229 1987
Esso
Australia		 Westgate MP001 Diamond 429,909 7,757,829 290 93 -60 90 4229 1986
Esso
Australia		 Pinnacle
Creek		 MP002 Diamond 428,337 7,759,984 320 54.2 -60 210 4229 1986
Esso
Australia		 Pinnacle
Creek		 MP003 Diamond 428,424 7,759,919 320 29.3 -60 210 4229 1986
Esso
Australia		 Pinnacle
Creek		 MP004 Diamond 428,440 7,759,945 319 62.5 -60 210 4229 1986
Esso
Australia		 Westgate MP111 Reverse
Circulation		 429,933 7,757,835 289 42 -60 90 4229 1986
Esso
Australia		 Westgate MP112 Reverse
Circulation		 429,939 7,757,810 289 42 -60 90 4229 1986
Esso
Australia		 Puddler Creek MP113 Reverse
Circulation		 429,129 7,758,774 313 48 -60 70 4229 1986

25

Ballymore Resources ASX Announcement 29[th] September 2022

Company Target HoleID Hole Type East
(MGA)		 North
(MGA)		 RL Depth
(m)		 Dip (°) Azimuth
(° Mag)		 Licence Year
Esso
Australia		 Puddler Creek MP114 Reverse
Circulation		 429,018 7,758,936 308 60 -60 25 4229 1986
Esso
Australia		 Pinnacle
Creek		 MP115 Reverse
Circulation		 428,356 7,759,954 322 30 -60 210 4229 1986
Esso
Australia		 Pinnacle
Creek		 MP116 Reverse
Circulation		 428,357 7,759,969 320 60 -60 210 4229 1986
Esso
Australia		 Pinnacle
Creek		 MP118 Reverse
Circulation		 428,448 7,759,894 322 42 -60 210 4229 1986
Esso
Australia		 Pinnacle
Creek		 MP119 Reverse
Circulation		 428,599 7,759,812 320 42 -60 230 4229 1986
Esso
Australia		 Matthews
Pinnacle		 MP120 Reverse
Circulation		 429,517 7,760,284 364 80 -60 170 4229 1986
Esso
Australia		 Matthews
Pinnacle		 MP121 Reverse
Circulation		 429,483 7,760,543 320 80 -60 90 4229 1986
Esso
Australia		 Matthews
Pinnacle		 MP122 Reverse
Circulation		 429,466 7,760,773 316 60 -60 130 4229 1986
Esso
Australia		 Matthews
Pinnacle		 MP123 Reverse
Circulation		 429,445 7,760,845 318 54 -60 75 4229 1986
Esso
Australia		 Matthews
Pinnacle		 MP124 Reverse
Circulation		 429,676 7,760,785 315 42 -60 55 4229 1986
Mount
Leyshon
Gold Mines		 Matthews
Pinnacle		 LMD001 Reverse
Circulation		 429,509 7,759,975 331 262.05 -51 188 4229 1998
Mount
Leyshon
Gold Mines		 Matthews
Pinnacle		 LMD002 Reverse
Circulation		 429,506 7,759,973 331 349 -50 263 4229 1998
Mount
Leyshon
Gold Mines		 Puddler Creek LMR001 Reverse
Circulation		 429,104 7,758,864 309 108 -58 11 4229 1998
Mount
Leyshon
Gold Mines		 Puddler Creek LMR002 Reverse
Circulation		 429,197 7,758,924 309 153 -64 14 4229 1998
Mount
Leyshon
Gold Mines		 Puddler Creek LMR003 Reverse
Circulation		 429,564 7,758,921 305 153 -63 5 4229 1998
Mount
Leyshon
Gold Mines		 Puddler Creek LMR004 Reverse
Circulation		 429,636 7,758,653 313 153 -64 1 4229 1998
Mount
Leyshon
Gold Mines		 Puddler Creek LMR005 Reverse
Circulation		 428,389 7,758,375 305 153 -60 180 4229 1998
Mount
Leyshon
Gold Mines		 Puddler Creek LMR006 Reverse
Circulation		 428,379 7,758,331 302 140 -60 180 4229 1998
Mount
Leyshon
Gold Mines		 Puddler Creek LMR007 Reverse
Circulation		 428,437 7,758,151 305 153.05 -79 182 4229 1998
Mount
Leyshon
Gold Mines		 Puddler Creek LMR008 Reverse
Circulation		 428,434 7,758,102 306 150 -61 173 4229 1998
Mount
Leyshon
Gold Mines		 Puddler Creek LMR009 Reverse
Circulation		 428,706 7,758,229 312 153.3 -61 85 4229 1998

26

Ballymore Resources ASX Announcement 29[th] September 2022

Company Target HoleID Hole Type East
(MGA)		 North
(MGA)		 RL Depth
(m)		 Dip (°) Azimuth
(° Mag)		 Licence Year
Mount
Leyshon
Gold Mines		 Puddler Creek LMR010 Reverse
Circulation		 428,800 7,757,508 298 81 -90 0 4229 1998
Mount
Leyshon
Gold Mines		 Puddler Creek LMR011 Reverse
Circulation		 429,383 7,758,949 303 150 -60 0 4229 1998
Mount
Leyshon
Gold Mines		 Matthews
Pinnacle		 LMR013 Reverse
Circulation		 429,601 7,760,242 372 225 -50 180 4229 2000
Mount
Leyshon
Gold Mines		 Matthews
Pinnacle		 LMR014 Reverse
Circulation		 429,600 7,759,847 321 370 -45 352 4229 2000
Mount
Leyshon
Gold Mines		 Matthews
Pinnacle		 LMR015 Reverse
Circulation		 429,597 7,759,968 329 272 -45 352 4229 2000
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA001 Reverse
Circulation		 432,150 7,761,438 315 39 -60 75 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA002 Reverse
Circulation		 431,500 7,760,358 292 72 -60 200 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA003 Reverse
Circulation		 431,440 7,760,278 292 67 -60 140 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA004 Reverse
Circulation		 431,320 7,759,988 292 81 -60 90 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA005 Reverse
Circulation		 431,240 7,759,768 293 54 -60 180 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA006 Reverse
Circulation		 431,360 7,760,088 288 37 -60 90 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA007 Reverse
Circulation		 431,410 7,760,163 288 12 -90 0 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA008 Reverse
Circulation		 431,280 7,759,898 297 9 -60 180 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA009 Reverse
Circulation		 431,300 7,761,333 314 55 -60 180 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA010 Reverse
Circulation		 431,300 7,761,408 316 63 -60 180 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA011 Reverse
Circulation		 431,300 7,761,508 323 61 -60 360 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA012 Reverse
Circulation		 431,300 7,761,483 321 61 -60 360 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA013 Reverse
Circulation		 431,400 7,761,418 321 73 -60 90 4229 1998

27

Ballymore Resources ASX Announcement 29[th] September 2022

Company Target HoleID Hole Type East
(MGA)		 North
(MGA)		 RL Depth
(m)		 Dip (°) Azimuth
(° Mag)		 Licence Year
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA014 Reverse
Circulation		 431,500 7,761,533 334 52 -60 180 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA015 Reverse
Circulation		 431,500 7,761,508 334 55 -60 180 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA016 Reverse
Circulation		 430,850 7,761,273 322 61 -60 360 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA017 Reverse
Circulation		 430,800 7,761,298 320 49 -60 360 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA018 Reverse
Circulation		 430,750 7,761,273 317 49 -60 360 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LRA019 Reverse
Circulation		 430,300 7,761,328 323 61 -60 90 4229 1998
Mount
Leyshon
Gold Mines		 Matthews
Pinnacle		 LRA020 Reverse
Circulation		 430,300 7,760,358 303 61 -60 262 4229 1998
Mount
Leyshon
Gold Mines		 Matthews
Pinnacle		 LRA021 Reverse
Circulation		 428,930 7,761,008 324 37 -60 225 4229 1998
Mount
Leyshon
Gold Mines		 Matthews
Pinnacle		 LRA022 Reverse
Circulation		 428,860 7,760,908 325 67 -90 0 4229 1998
Mount
Leyshon
Gold Mines		 Matthews
Pinnacle		 LRA023 Reverse
Circulation		 428,790 7,760,843 327 49 -60 45 4229 1998
Mount
Leyshon
Gold Mines		 Matthews
Pinnacle		 LRA024 Reverse
Circulation		 428,730 7,760,768 327 52 -60 45 4229 1998
Mount
Leyshon
Gold Mines		 Matthews
Pinnacle		 LRA025 Reverse
Circulation		 428,650 7,760,728 324 57 -60 20 4229 1998
Mount
Leyshon
Gold Mines		 Matthews
Pinnacle		 LRA026 Reverse
Circulation		 429,200 7,760,258 324 60 -60 90 4229 1998
Mount
Leyshon
Gold Mines		 Matthews
Pinnacle		 LRA027 Reverse
Circulation		 429,400 7,760,258 353 70 -60 90 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LSD001 Reverse
Circulation		 431,697 7,761,332 392 340.17 -70 174 4229 1998
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LSD002 Reverse
Circulation		 431,633 7,761,242 353 496 -80 59 4229 1999
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LSR001 Reverse
Circulation		 431,347 7,761,042 323 284 -60 82 4229 1999
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LSR002 Reverse
Circulation		 431,635 7,761,235 345 172 -60 142 4229 1999

28

Ballymore Resources ASX Announcement 29[th] September 2022

Company Target HoleID Hole Type East
(MGA)		 North
(MGA)		 RL Depth
(m)		 Dip (°) Azimuth
(° Mag)		 Licence Year
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 LSR003 Reverse
Circulation		 431,347 7,761,100 318 486.4 -51 52 4229 1999
Mount
Leyshon
Gold Mines		 Puddler Creek LXR013 Reverse
Circulation		 425,422 7,752,923 324 102 -60 262 4229 1999
Mount
Leyshon
Gold Mines		 Puddler Creek LXR016 Reverse
Circulation		 427,188 7,759,031 321 51 -55 47 4229 2000
Mount
Leyshon
Gold Mines		 Puddler Creek LXR017 Reverse
Circulation		 427,331 7,759,205 324 90 -55 47 4229 2000
Mount
Leyshon
Gold Mines		 Puddler Creek LXR018 Reverse
Circulation		 427,370 7,759,238 324 90 -55 47 4229 2000
Mount
Leyshon
Gold Mines		 Puddler Creek LXR019 Reverse
Circulation		 427,098 7,759,242 324 90 -55 47 4229 2000
Mount
Leyshon
Gold Mines		 Puddler Creek LXR020 Reverse
Circulation		 427,196 7,759,328 321 90 -55 47 4229 2000
Mount
Leyshon
Gold Mines		 Puddler Creek LXR021 Reverse
Circulation		 427,235 7,759,354 323 90 -55 47 4229 2000
Mount
Leyshon
Gold Mines		 Puddler Creek LXR022 Reverse
Circulation		 427,270 7,759,383 326 90 -55 47 4229 2000
Mount
Leyshon
Gold Mines		 Puddler Creek LXR023 Reverse
Circulation		 427,184 7,758,748 315 50 -55 47 4229 2000
Mount
Leyshon
Gold Mines		 Seventy Mile
Mount		 MMRC00
1		 Reverse
Circulation		 431,038 7,761,113 340 336 -50 172 4229 1999
Pan
Australian
Mining		 Puddler Creek PDP001 Percussion 431,944 7,760,112 291 39 -60 137 4229 1988
Pan
Australian
Mining		 Puddler Creek PDP002 Percussion 431,964 7,760,104 292 39 -60 183 4229 1988
Pan
Australian
Mining		 Puddler Creek PDP003 Percussion 431,964 7,760,113 291 60 -60 290 4229 1988
Pan
Australian
Mining		 Puddler Creek PDP004 Percussion 431,940 7,760,122 291 51 -60 140 4229 1988
Rishton
(Gold)		 Rishton Sands RSA039 Bedrock 445,400 7,771,008 255 12 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA040 Bedrock 445,300 7,771,008 257 21 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA041 Bedrock 445,200 7,771,008 259 19 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA042 Bedrock 445,100 7,771,008 264 24 -90 350 10585 1996

29

Ballymore Resources ASX Announcement 29[th] September 2022

Company Target HoleID Hole Type East
(MGA)		 North
(MGA)		 RL Depth
(m)		 Dip (°) Azimuth
(° Mag)		 Licence Year
Rishton
(Gold)		 Rishton Sands RSA043 Bedrock 445,000 7,771,008 270 36 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA044 Bedrock 444,900 7,771,008 269 34 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA124 Bedrock 444,700 7,771,008 265 24 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA125 Bedrock 444,800 7,771,008 268 34 -90 350 10585 1997
Rishton
(Gold)		 McPhersons MPA001 Bedrock 448,090 7,769,358 257 12 -90 350 10585 1996
Rishton
(Gold)		 McPhersons MPA002 Bedrock 448,145 7,769,343 259 12 -90 350 10585 1996
Rishton
(Gold)		 McPhersons MPA003 Bedrock 448,200 7,769,328 259 12 -90 350 10585 1996
Rishton
(Gold)		 McPhersons MPA004 Bedrock 448,255 7,769,313 260 16 -90 350 10585 1996
Rishton
(Gold)		 McPhersons MPA005 Bedrock 448,310 7,769,298 262 14 -90 350 10585 1996
Rishton
(Gold)		 McPhersons MPA006 Bedrock 448,365 7,769,283 262 15 -90 350 10585 1996
Rishton
(Gold)		 McPhersons MPA007 Bedrock 448,420 7,769,268 261 21 -90 350 10585 1996
Rishton
(Gold)		 McPhersons MPA008 Bedrock 448,475 7,769,253 263 19 -90 350 10585 1996
Rishton
(Gold)		 McPhersons MPA009 Bedrock 448,530 7,769,238 263 12 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA018 Bedrock 450,800 7,772,008 249 20 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA019 Bedrock 450,700 7,772,008 244 12 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA020 Bedrock 450,600 7,772,008 242 14 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA021 Bedrock 450,500 7,772,008 247 12 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA022 Bedrock 450,400 7,772,008 248 13 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA030 Bedrock 450,270 7,772,008 248 17 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA031 Bedrock 450,280 7,771,958 250 14 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA032 Bedrock 450,500 7,771,408 262 11 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA033 Bedrock 450,500 7,771,208 267 10 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA034 Bedrock 450,400 7,771,208 274 4 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA035 Bedrock 450,300 7,771,208 280 12 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA036 Bedrock 450,200 7,771,208 280 27 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA037 Bedrock 450,100 7,771,208 279 27 -90 350 10585 1996

30

Ballymore Resources ASX Announcement 29[th] September 2022

Company Target HoleID Hole Type East
(MGA)		 North
(MGA)		 RL Depth
(m)		 Dip (°) Azimuth
(° Mag)		 Licence Year
Rishton
(Gold)		 Rishton Sands RSA038 Bedrock 450,000 7,771,208 278 33 -90 350 10585 1996
Rishton
(Gold)		 Rishton
Workings		 RSA045 Bedrock 449,200 7,770,973 252 8 -90 350 10585 1996
Rishton
(Gold)		 Rishton
Workings		 RSA046 Bedrock 449,200 7,771,023 252 9 -90 350 10585 1996
Rishton
(Gold)		 Rishton
Workings		 RSA047 Bedrock 449,200 7,771,073 252 13 -90 350 10585 1996
Rishton
(Gold)		 Rishton
Workings		 RSA048 Bedrock 449,200 7,771,123 249 15 -90 350 10585 1996
Rishton
(Gold)		 Rishton
Workings		 RSA049 Bedrock 449,200 7,771,173 255 10 -90 350 10585 1996
Rishton
(Gold)		 Rishton Sands RSA103 Bedrock 450,400 7,771,808 256 15 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA104 Bedrock 450,500 7,771,808 256 16 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA105 Bedrock 450,600 7,771,808 248 15 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA106 Bedrock 450,800 7,771,808 250 15 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA107 Bedrock 450,330 7,771,808 258 31 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA108 Bedrock 450,200 7,771,808 258 17 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA109 Bedrock 450,700 7,771,808 246 13 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA110 Bedrock 450,500 7,771,608 257 25 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA111 Bedrock 450,600 7,771,608 254 18 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA112 Bedrock 450,700 7,771,608 251 25 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA113 Bedrock 450,400 7,771,608 262 26 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA114 Bedrock 450,300 7,771,608 264 36 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA115 Bedrock 450,200 7,771,608 265 33 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA116 Bedrock 450,100 7,771,608 263 25 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA117 Bedrock 450,600 7,771,408 254 16 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA118 Bedrock 450,400 7,771,408 268 22 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA119 Bedrock 450,300 7,771,408 271 24 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA120 Bedrock 450,200 7,771,408 272 38 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA121 Bedrock 450,100 7,771,408 271 39 -90 350 10585 1997
Rishton
(Gold)		 Rishton Sands RSA122 Bedrock 450,000 7,771,408 275 34 -90 350 10585 1997

31

Ballymore Resources ASX Announcement 29[th] September 2022

Company Target HoleID Hole Type East
(MGA)		 North
(MGA)		 RL Depth
(m)		 Dip (°) Azimuth
(° Mag)		 Licence Year
Rishton
(Gold)		 Rishton Sands RSA123 Bedrock 449,900 7,771,208 273 39 -90 350 10585 1997
Union Oil
Developme
nt Corp		 Red Dust RD001 Percussion 446,447 7,771,037 236 30 -55 17 4528 1988
Union Oil
Developme
nt Corp		 Red Dust RD002 Percussion 446,457 7,771,048 238 30 -57 17 4528 1988
Union Oil
Developme
nt Corp		 Red Dust RD003 Percussion 446,438 7,771,028 237 53 -55 17 4528 1988
Union Oil
Developme
nt Corp		 Red Dust RD004 Percussion 446,423 7,771,092 237 28 -55 17 4528 1988
Union Oil
Developme
nt Corp		 Red Dust RD005 Percussion 446,402 7,771,073 238 30 -55 17 4528 1988
Union Oil
Developme
nt Corp		 Red Dust RD006 Percussion 446,468 7,770,976 239 38 -55 17 4528 1988
Union Oil
Developme
nt Corp		 Red Dust RD007 Percussion 446,490 7,770,957 241 20 -55 17 4528 1988
Union Oil
Developme
nt Corp		 Red Dust RD008 Percussion 446,421 7,771,051 238 26 -55 17 4528 1988
Union Oil
Developme
nt Corp		 Red Dust RD009 Percussion 446,367 7,771,120 240 30 -55 17 4528 1988
Union Oil
Developme
nt Corp		 Red Dust RD010 Percussion 446,233 7,771,148 240 40 -55 17 4528 1988
Union Oil
Developme
nt Corp		 Red Dust RD011 Percussion 446,198 7,771,104 241 30 -55 17 4528 1988
Union Oil
Developme
nt Corp		 Red Dust RD012 Percussion 446,507 7,771,015 239 20 -55 17 4528 1988
Union Oil
Developme
nt Corp		 Red Dust RD013 Percussion 446,445 7,770,996 236 70 -60 17 4528 1988
Union Oil
Developme
nt Corp		 Red Dust RD014 Percussion 446,398 7,771,029 239 93 -60 17 4528 1988
Union Oil
Developme
nt Corp		 Red Dust RD015 Percussion 446,380 7,771,052 237 92 -60 17 4528 1988
Newcrest
Operations		 Seventy Mile
Mount		 FEN001 RC /
Diamond		 431,808 7,761,602 351 383 -47 191 10203 2004
Newcrest
Operations		 Seventy Mile
Mount		 FEN002 RC /
Diamond		 431,811 7,761,181 330 471 -55 349 10203 2004
Newcrest
Operations		 Gold & Black FEN003 RC /
Diamond		 430,720 7,761,511 311 450.3 -55 180 10203 2004

32

Ballymore Resources ASX Announcement 29[th] September 2022

Company Target HoleID Hole Type East
(MGA)		 North
(MGA)		 RL Depth
(m)		 Dip (°) Azimuth
(° Mag)
Licence		 Year
Newcrest
Operations		 Middle
Mount		 FEN004 RC /
Diamond		 431,355 7,761,248 314 450 -50 211 10203 2004
Newcrest
Operations		 Black Knight FEN005 RC /
Diamond		 429,682 7,759,881 324 867.6 -55 165 10203 2004
Newcrest
Operations		 Breccia Knoll FEN006 RC /
Diamond		 430,115 7,760,743 312 410.8 -55 160 10203 2004
Newcrest
Operations		 Matthews
Pinnacle		 FEN007 RC /
Diamond		 429,646 7,760,107 348 627.6 -61 172 10203 2005
Newcrest
Operations		 Matthews
Pinnacle		 FEN008 RC /
Diamond		 429,726 7,760,549 314 657.6 -53 172 10203 2005
Newcrest
Operations		 Matthews
Pinnacle		 FEN009 RC /
Diamond		 429,137 7,759,621 304 702.4 -50 58 10203 2005
Newcrest
Operations		 Matthews
Pinnacle		 FEN010 RC /
Diamond		 429,690 7,758,942 302 1116.6 -51 4 10203 2005
Newcrest
Operations		 Matthews
Pinnacle		 FEN011 RC /
Diamond		 430,116 7,760,379 306 786 -50 152 10203 2007
Ballymore
Resources		 Seventy Mile
Mount		 BSMDD0
01		 Diamond 431595 7761439 363 351.04 -60 120 18424 2021
Ballymore
Resources		 Seventy Mile
Mount		 BSMDD0
02		 Diamond 431600 7761445 364 303 -60 140 18424 2021
Ballymore
Resources		 Matthews
Pinnacle		 BMPDD0
01		 Diamond 429680 7759880 324 491.77 -60 265 18424 2021

33

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