Dittmer Project

The Dittmer Project contains the historic, high-grade Dittmer mine which was discovered in 1934 and produced over 54,000 Oz of gold through to 1951. Ballymore has reopened old underground workings at the Dittmer mine and is assessing the potential for near term restart.

Tenements

The Company’s Dittmer Project is comprised of two granted Mining Leases (ML 10340 and ML 10341) and three granted exploration permits - Dittmer EPM 14255, EPM 26912 and Mount Hector EPM 27282. The Dittmer Project covers an area of 488 km2 and is located 20 – 50 km west and southwest of the regional centre of Proserpine in central Queensland.

Previous Mining

The Dittmer Project also contains numerous other high-grade lodes mined to shallow depths which Ballymore intends to thoroughly test using modern exploration methods.

Exploration Program

The Dittmer exploration and development program includes mining redevelopment works, further geological mapping and soil sampling as well as geophysics surveys and drilling with the aim of defining a Mineral Resource.

Other regional targets include historic workings at Cedar Ridge, Andromache and Golden Treasure. A regional airborne magnetics/radiometrics survey is planned over the greater Dittmer area and a detailed magnetic survey is planned over Dittmer (EPM 14255). Induced Polarisation (IP) geophysics surveys are also planned for Andromache and various other regional targets. Reverse circulation (RC) drilling programs are planned to follow-up the high-grade drill intersection at Loch Neigh (i.e. 2.0m @ 5395 g/t Ag, 2.08% Cu and 0.17 g/t Au) as well as regional targets including Golden Gem, Scorpion, Golden Valley, and Cedar Ridge.