Group Eleven Resources Corp. · TSXV:ZNG
Group Eleven Resources — Investor Presentation (January 2020)
31 slides from Group Eleven Resources's investor presentation, January 2020
Slide 1: Advanced Stage Zinc Exploration in Ireland
RESOURCES CORP. Advanced Stage Zinc Exploration in Ireland January 2020 TSX.V: ZNG | OTC : GRLVP
Slide 2: Important Notice
Important Notice This Presentation is given by Group Eleven Resources Corp. (“the Company”), incorporation number BC1098004, registered office at 1050-400 Burrard Street, Vancouver, BC, Canada, V6C 1M2 and is made subject to the terms outlined below. No securities regulatory authority has expressed
Slide 3: Why Zinc?
Why Zinc? Global Zinc Inventories at Decade Lows, Zinc Price Muted Due to Trade War and Other Factors ► Zinc Batteries Zinc Price vs. • NantEnergy LME Inventories • EOS-Bryt Energy (1995 to present) • ZincNyx (MGX) • EnZinc | Redflow ► Zinc in Fertilizers • China: World Food Program ► Conventional U
Slide 4: Ireland: one of the largest zinc miners in Europe
Ireland: one of the largest zinc miners in Europe and host to some of the world’s largest zinc deposits 4
Slide 5: Vision and Highlights
Vision and Highlights Vision • Discover Ireland’s next large zinc deposit How do we get there / what makes us different? Big Think → Drilling-Focus in 2020 • Comprehensive, open-mined search using cutting-edge techniques • Large land position • Team – experienced mine finders and company builders Ne
Slide 6: Capital Structure
Capital Structure Share Owners Exercise Expiry Shares Structure Price (C$) Date (mln) Teck Instit. Basic 72.6 5% 3% Glencore Options Directors $0.40 Feb-23 0.3 12% Empl / Consult $0.20 Sep-23 3.1 MAG Silver Employees $0.08 Oct-22 0.8 13% Retail 53% Warrants Investors $0.24 Apr-21 2.1 Insider Glencor
Slide 7: Share Price Performance and News Flow
Share Price Performance and News Flow 1 Price (C$/sh) and Volume (Jan 1, 2018 to present) 2 6 8 3 5 7 4 9 11 10 12 15 13 14 16 17 18 19 No Event Description No Event Description 1 Ballinalack Seismic Re-Interpretation 11 Increase Preliminary Drill Program on Stonepark 2 Drilling Commences at Ballina
Slide 8: Team – Experienced in Finding Mines, Building Companies
Team – Experienced in Finding Mines, Building Companies Board of Directors Management Dan MacInnis | Chairman (non-executive) Shaun Heinrichs | Chief Financials Officer • Geologist / Executive • Chartered Accountant with 20 yrs experience • Retired CEO of MAG Silver (sits on MAG Board) • Including 7
Slide 9: Why Ireland?
Why Ireland? Both ‘Above-Ground’ and ‘Below-Ground’ Dynamics are Very Attractive for Zinc Exploration Ballinalack Navan Ireland – Geology and Economics (Boliden) • Very prospective for zinc yet underexplored • Ores typically clean, easy to process, simple • Infrastructure rich – roads, power, tidewa
Slide 10: Where does the zinc occur? Two Prospective Horizons
Where does the zinc occur? Two Prospective Horizons In Ireland – Zinc Occurs in the Waulsortian Limestone and Navan Beds Ballinalack Navan Silvermines Stonepark Pallasgreen Oola Gortdrum Source: Modified after Dr John Kelly, SLR Consulting, 2018 TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 10
Slide 11: Conceptual Schematic of an Irish-Type Zinc Deposit
Conceptual Schematic of an Irish-Type Zinc Deposit Zinc Typically Occurs Close to Major Faults (which Allowed Mineralizing Fluids to Migrate Upwards) South North Faults Navan Bed Target 0 50 100 Source: Modified after Unicorn Mineral Resources Ltd. TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 11
Slide 12: Stonepark Project
Stonepark Project Searching for the Heart of the Pallas Green Trend 12
Slide 13: Stonepark - Frontier Region of Irish Zinc Exploration
Stonepark - Frontier Region of Irish Zinc Exploration • 6 licenses – 76.56% Group Eleven, 23.44% Connemara Mining Company plc (CON-AIM) Ownership • 32 licenses – 100% Group Eleven (a.k.a. “PG West”) • Adjacent to Glencore’s Pallas Green deposit Strategic • Pallas Green is one of largest undeveloped
Slide 14: Stonepark – Maiden Inferred Mineral Resource
Stonepark – Maiden Inferred Mineral Resource Average Grade of 11.3% Zn+Pb – with the Bulk of Resource Grading at an Impressive 12.1% Zn+Pb Note: Classification of the MRE was completed based on the guidelines presented by Canadian Institute for Mining (CIM), adopted for Technical reports which adher
Slide 15: Stonepark – Shallower, Higher Grade vs. Glencore’s Pallas Green
Stonepark – Shallower, Higher Grade vs. Glencore’s Pallas Green Dominant License Position in Most Metal-Endowed Zinc Camp in Ireland (outside of Navan) Stonepark deposit Pallas Green deposit 5.1 Mt @ 45.1 Mt @ 8.4% 11.3% Zn+Pb2 Zn+Pb1 Limerick Courtbrown Other zinc PG West occurrences (100% G11) Sou
Slide 16: Stonepark – New Drilling Successful at Pallas Green Corridor
Stonepark – New Drilling Successful at Pallas Green Corridor Pallas Green Corridor (10-20km long) Pallas Green Zn-Pb deposit Limerick G11-2638-03 Glencore Stonepark licences Zn-Pb deposit Carrickittle G11-2638-02 prospect G11-450-02 Group Eleven Oola licences Gortdrum Ballywire Legend prospect G11 R
Slide 17: Stonepark – Exploration Concept (NW Trending Corridor)
Stonepark – Exploration Concept (NW Trending Corridor) Main Zinc Mineralizing System May Occur Under the Volcanic Complex 4.3m of 14.1% Zn+Pb3 3 Carrickittle prospect (select interval from historic drilling; Hole P4) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE Stonepark 17
Slide 18: Stonepark – Kilteely: Large Hydrothermal System Identified
Stonepark – Kilteely: Large Hydrothermal System Identified TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE Stonepark 18
Slide 19: Stonepark – Kilteely: Large Hydrothermal System Identified
Stonepark – Kilteely: Large Hydrothermal System Identified Pallas Green Corridor TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE Stonepark 19
Slide 20: Stonepark – Ballywire: Best Results to Date
Stonepark – Ballywire: Best Results to Date Pallas Green Corridor TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE Stonepark 20
Slide 21: Stonepark – Ballywire: Very Compelling Follow-Up Targets
Stonepark – Ballywire: Very Compelling Follow-Up Targets ? ? ? ? ? TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE Stonepark 21
Slide 22: Ballinalack Project
Ballinalack Project Navan Bed Potential Lies Beneath 22
Slide 23: Ballinalack – Inferred Resource with Upside Potential
Ballinalack – Inferred Resource with Upside Potential • 60% Group Eleven Ownership • 40% Zhongjin Lingnan Mining (HK) Company Limited (Nonfemet) Strategic location • 50km west of Navan (largest zinc deposit in Europe) • 5.4 Mt grading 8.7% combined (7.6% zinc and 1.1% lead)* Resource Estimate • Infe
Slide 24: Ballinalack – First NI 43-101 Resource Estimate
Ballinalack – First NI 43-101 Resource Estimate Average Grade of 8.7% Zn+Pb – Significant Improvement on Historic Estimate from 1991 Classification of the Ballinalack MRE was completed based on the guidelines presented by Canadian Institute for Mining (CIM), adopted for Technical reports which adher
Slide 25: Ballinalack – Significant Exploration Upside
Ballinalack – Significant Exploration Upside Numerous Targets to Follow Up Regionally, and in Proximity to Historic Estimate Ballinalack zinc-lead deposit* * Mineral Resource Estimate in the Inferred Category as stated in Group Eleven news release dated November 28, 2018. TSX.V: ZNG, | OTC: GRLVF |
Slide 26: Ballinalack – Navan Bed Targets (Plan View)
Ballinalack – Navan Bed Targets (Plan View) Strong Navan Bed Mineralization Already Intersected LEGEND 4a Ballinalack Deposit 4b Zinc Targets Ballinalack Fault 4c Cross Faults 4d Historic hole that intersects Navan Beds G11 hole % Zinc + Lead G11- 1344-02 n/a Not assayed for silver 4e g/t Silver TSX
Slide 27: Ballinalack – Hanging Wall Navan Bed Zinc Targets
Ballinalack – Hanging Wall Navan Bed Zinc Targets Hanging wall targets virtually untested with drilling to date Ballinalack Fault Cross Faults Ballinalack Deposit* (blue) 4e 4c 4d 4b Target Areas Navan Beds 0 250 metres Looking ESE (approximate) * Mineral Resource Estimate in the Inferred Category (
Slide 28: Ballinalack – Footwall Navan Bed Zinc Targets
Ballinalack – Footwall Navan Bed Zinc Targets Footwall targets already pierced by a number of strong zinc intercepts Cross Faults Ballinalack Deposit* (blue) Ballinalack Fault 1 2 2 33 Target Areas Navan Beds 0 250 metres (approximate) Looking NNW * Mineral Resource Estimate in the Inferred Category
Slide 29: Ballinalack – anomalous PGMs proximal to zinc deposit
Ballinalack – anomalous PGMs proximal to zinc deposit NW SE Ballinalack Zinc-Lead Deposit 5.4 million tonnes of 7.6% zinc and 1.1% lead (Inferred Category); see news release dated November 28, 2018 Calp Limestone Supra-Waulsortian Waulsortian Limestone 340m Argillaceous Bioclastic Lmst 401m 473m 481
Slide 30: Upcoming Catalysts
Upcoming Catalysts 2020 • Ballinalack | drill results | testing Navan Beds under deposit | Q1 • Stonepark | start drilling: • Testing large target below volcanics (north of Kilteely) | H1 2020 • Resource expansion • Regional targets 30
Slide 31: Contact
RESOURCES CORP. Suite 1050 – 400 Burrard Street Vancouver, BC, Canada V6C 1M2 Bart Jaworski, CEO E: b.jaworski@groupelevenresources.com T: +353 85 833 2463 Spiros Cacos, VP Investor Relations E: s.cacos@groupelevenresources.com T: +1 604 630 8839
Group Eleven Resources — Investor Presentation (January 2020) on 6ix