Project Overview

Ballymore holds a portfolio of exploration and development projects in prolific Queensland mineral belts that are highly prospective for gold and base metals. These consist of two granted Mining Leases (MLs), eleven granted Exploration Permits for Minerals (EPMs) and an EPM application over three project areas at Dittmer, Ruddygore and Ravenswood. The total area covered by the tenements is 1,355 km2.

Known deposits in northeast Queensland include Kidston (5 Moz Au), Ravenswood/Mount Wright (5.8 Moz Au), Mount Leyshon (3.8 Moz Au), Red Dome/Mungana (3.2 Moz Au) and Mt Morgan (17 Moz Au and 239 Kt Cu). The deposits occur in a wide range of geological settings including porphyries, breccias, skarns and veins.

The Projects are summarised below:

PROJECT DITTMER (515 km2) RUDDYGORE (580 km2) RAVENSWOOD (335km2)
Target Reopening historic high-grade goldfield Large copper porphyry target Drill ready targets in 17 Moz gold province
Ownership 100% Interest 100% Interest Farm-in JV with ActiveEX Limited

Permits

2 granted mining leases and
3 granted exploration permits

3 granted exploration permit and 1 exploration permit application

Earning up to 100%
5 granted exploration permits 

Highlights

 

  • Produced 55,000 Oz of gold at 151 g/t Au plus 2.8% Cu (1935–1984)
  • Bonanza grade silver drill result - 2m at 5,395 g/t Ag & 2.1% Cu
  • Rock chips up to 304g/t Au, 67g/t Ag & 2.1% Cu
  • Underground channel sampling up to 264 g/t Au, 49 g/t Ag & 4.2% Cu
  • Extensive historic workings
  • Rock chips up to 32.5% Cu & 471 g/t Ag
Major porphyry target defined at Ruddygore
  • Multiple gold targets within Mount Leyshon Corridor
  • Historic drill results include 4m @ 301g/t Au
  • Rock chips up to 582 g/t Au & 260 g/t Ag


Ballymore’s projects either host historic gold and base metal mines or are located adjacent to significant historic mines. Typically, Ballymore’s projects are also strategically located near existing processing infrastructure, which offers potential to reduce both the lead time and capital requirements associated with any future mining developments of the projects.