Group Eleven Resources Corp. · TSXV:ZNG

Group Eleven Resources — Investor Presentation (October 2023)

38 slides from Group Eleven Resources's investor presentation, October 2023

  1. Slide 1: New High-Grade Zinc-Lead-Silver-Germanium Discovery in Ireland

    RESOURCES CORP. New High-Grade Zinc-Lead- Silver-Germanium Discovery in Ireland October 2023 TSX.V: ZNG | OTC: GRLVF | FRA: 3GE

  2. 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

  3. Slide 3: Vision

    VISION Discover Ireland’s Next Big Zinc Mine In Order To Generate Exponential Shareholder Returns And Local Economic Benefits 3

  4. Slide 4: Investment Highlights

    Investment Highlights New High-Grade Zinc-Lead-Silver-Germanium Discovery at the Ballywire Prospect, Ireland Corporate Overview  Base Metals (Zinc and Copper) Will be Increasingly Important for the Global Energy Transition Positive Outlook for Zinc  Increasing Infrastructure Spending in U.S. and C

  5. Slide 5: Why Zinc?

    Why Zinc? Global Zinc Inventories at Decade Lows, Zinc Price Buoyant on Smelter Constraints, Infrastructure ► Green Energy Revolution Zinc Price vs. Global Inventories (2004 to 2023) • Zinc-Batteries for Grid Power Storage • Offshore Wind • Solar Farms ► Zinc in Fertilizers • China: World Food Progr

  6. Slide 6: Team – Exploration, Capital Markets and Legal Experience

    Team – Exploration, Capital Markets and Legal Experience Board of Directors Management Dan MacInnis | Chairman (non-executive) Jeannine Webb | Chief Financial Officer • Geologist / Executive • Chartered Professional Accountant with 30 yrs • Retired CEO of MAG Silver (sits on MAG Board) experience •

  7. Slide 7: Capital Structure

    Capital Structure Share Owners Average Expiry Shares Ownership (Basic) Structure Exercise Price Date^ (mln) Basic 175.0 Options Directors $0.10 Oct-25 1.7 Glencore Officers $0.10 Oct-25 1.9 20.8% Employees $0.10 Oct-25 0.9 Warrants Investors $0.15 Feb-24 28.9 Others Michael Glencore $0.12 Oct-24 3.4

  8. Slide 8: Why Ireland?

    Why Ireland? Unrivalled Zinc Potential - Ranked No. 1 in the World for Zinc Found Per Square Kilometre Greenest Zinc in the World? Ballinalack • Clean Metallurgy – Coarse, Clean Ores Tara (Boliden, • Infrastructure Rich – Roads, Power, Tidewater C&M) • Proximity to European Smelters • Wind Power – 1

  9. Slide 9: Ballywire – At Intersection of Regional Mineralized Trends

    Ballywire – At Intersection of Regional Mineralized Trends Dominant License Position in Most Metal-Endowed Zinc Camp in Ireland (outside of Navan) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 9

  10. Slide 10: Ballywire Discovery (Sep-2023) – Follow-Up Drilling

    Ballywire Discovery (Sep-2023) – Follow-Up Drilling Robust Zinc-Lead Mineralization Intercepted Over 1.5km, Open for a Further 3km to the East WL N G11-468-06 (60m Step-Out) 10.1m of 8.6% and 46 g/t, incl. 6.0m of 12.4% and 68 g/t, incl. 2.5m of 29.2% and 160 g/t ABL 97-468-2 2.5m of 6.2% incl 0.5m

  11. Slide 11: Ballywire Discovery – Detailed Cross-Section

    Ballywire Discovery – Detailed Cross-Section 11

  12. Slide 12: Ballywire Discovery (Sep-23) – New Drilling (Cross-Section)

    Ballywire Discovery (Sep-23) – New Drilling (Cross-Section) NNW (A) 17.9m of 1.3%, 16 g/t, 0.09% Cu, incl. SSE (A”) 3.3m of 3.5%, 73 g/t, 0.46% Cu, incl. 2.4m of 4.7%, 101 g/t, 0.64% Cu LEGEND SWL New Drill Holes Previous Drill Holes WL Zinc-Lead-Silver (Higher-Grade) Zinc-Lead-Silver (Lower Grade)

  13. Slide 13: Ballywire Discovery (Sep-2023) – Follow-Up Drilling

    Ballywire Discovery (Sep-2023) – Follow-Up Drilling Robust Zinc-Lead Mineralization Intercepted Over 1.5km, Open for a Further 3km to the East WL N G11-468-06 (60m Step-Out) 10.1m of 8.6% and 46 g/t, incl. 6.0m of 12.4% and 68 g/t, incl. 2.5m of 29.2% and 160 g/t ABL 97-468-2 2.5m of 6.2% incl 0.5m

  14. Slide 14: Ballywire – Bedding Parallel (Tonnage Potential, Predictable)

    Ballywire – Bedding Parallel (Tonnage Potential, Predictable) NNW (B) SSE (B’) G11-468-01 00-468-5 FM-2654-1 G11-2654-01 SWL WL SWL 3.3m of 12.5%, 48.3 g/t (incl. 0.4m of 25.5%, 92.2 g/t) 361m 9.9m of 1.1%, 2.2 g/t (incl. SWL 0.2m of 10.5%, 11.6 g/t) and 3.8m of 0.9%, 0.43% Cu and 109 g/t (incl. 0.2

  15. Slide 15: Ballywire Discovery (Sep-2023) – Follow-Up Drilling

    Ballywire Discovery (Sep-2023) – Follow-Up Drilling Robust Zinc-Lead Mineralization Intercepted Over 1.5km, Open for a Further 3km to the East WL N G11-468-06 (60m Step-Out) 10.1m of 8.6% and 46 g/t, incl. 6.0m of 12.4% and 68 g/t, incl. 2.5m of 29.2% and 160 g/t ABL 97-468-2 2.5m of 6.2% incl 0.5m

  16. Slide 16: Ballywire Discovery (Sep-2023) – Discovery of Feeder Zone

    Ballywire Discovery (Sep-2023) – Discovery of Feeder Zone NNW (C) SSE (C’) 8.3m of 5.7%, 86 g/t and 0.22% Cu, incl. SWL WL 4.3m of 8.8%, 149 g/t and 0.31% Cu and WLEQ LEGEND New Holes (dashed if assays pending) Zinc-Lead-Silver (Higher Grade) Zinc-Lead-Silver (Lower Grade) Feeder Structures (Interse

  17. Slide 17: Ballywire Discovery (Sep-2023) – Follow-Up Drilling

    Ballywire Discovery (Sep-2023) – Follow-Up Drilling Robust Zinc-Lead Mineralization Intercepted Over 1.5km, Open for a Further 3km to the East WL N G11-468-06 (60m Step-Out) 10.1m of 8.6% and 46 g/t, incl. 6.0m of 12.4% and 68 g/t, incl. 2.5m of 29.2% and 160 g/t ABL 97-468-2 2.5m of 6.2% incl 0.5m

  18. Slide 18: Ballywire Discovery – Long-Section Showing 550m of Strike

    Ballywire Discovery – Long-Section Showing 550m of Strike SW (D) NE (D’) G11-468-12 (80m Step-Out) LEGEND 66.9m of 4.1%, 86 g/t, 0.1% Cu, incl. G11-468-01 Previous Drill holes 8.3m of 5.7%, 86 g/t, 0.2% Cu, incl. G11-468-12 New Drill hole 4.3m of 8.8%, 149 g/t, 0.3% Cu, incl. Zinc mineralization (hi

  19. Slide 19: Ballywire – Exploration Upside Over 6km x 2km Search Area

    Ballywire – Exploration Upside Over 6km x 2km Search Area N G11-468-06 G11-468-03 (Discovery Hole) 99-3352-5 98.7m of 1.6% and 12 g/t, incl. 66.0m of 2.8% and 29 g/t, incl. 14.0m of 0.9%, incl. 10.1m of 8.6% and 46 g/t, incl. 10.8m of 10.0% and 109 g/t, incl. 5.0m of 1.6%, incl. 6.0m of 12.4% and 68

  20. Slide 20: Ballywire – New Gravity Anomalies are High-Priority Targets

    Ballywire – New Gravity Anomalies are High-Priority Targets Modelled Density-High Anomalies May Indicate Massive Sulphide Mineralization N 97-468-2 G11-468-01 Discovery Area 2.5m of 6.2% incl 3.3m of 12.5%, 48.3 g/t incl 0.5m of 20.3% 0.4m of 25.5%, 92.2 g/t ‘C3’ ‘C1’ undrilled ‘C2’ Legend ‘C2’ - De

  21. Slide 21: Ballywire – Gravity Anomaly 'C1' Coincident with Mineralization

    Ballywire – Gravity Anomaly ‘C1’ Coincident with Mineralization N G11-468-06 (60m Step-Out) 10.1m of 8.6% and 46 g/t, incl. 6.0m of 12.4% and 68 g/t, incl. 2.5m of 29.2% and 160 g/t ‘C2’ ‘C1’ G11-468-12 (‘Feeder Zone’, 80m Step-Out) 18.8m of 10.2%, 257 g/t and 0.22% Cu, incl. 10.5m of 14.7%, 399 g/t

  22. Slide 22: Ballywire – Gravity Anomalies 'C2' and 'C3' Yet To Be Drilled

    Ballywire – Gravity Anomalies ‘C2’ and ‘C3’ Yet To Be Drilled ‘C2’ and ‘C3’ (together approx. 750m long) are 870m and 1,275m away from ‘C1’, respectively ‘B’ ‘C1’ Legend ‘C2’ - Density-high anomaly (inverted, 3D) ‘C2’ - Gravity (residual) surface contours - Drillhole collar, trace, mineralization un

  23. Slide 23: Ballywire – Gravity Anomaly 'B' Not Yet Directly Drill Tested

    Ballywire – Gravity Anomaly ‘B’ Not Yet Directly Drill Tested G11-468-02 Legend 0.3m of 0.5% and 2.0 g/t ‘B’ - Density-high anomaly (inverted, 3D) - Gravity (residual) surface contours - Drillhole collar and trace % - Zn + Pb (or as otherwise noted) g/t - Ag Strongest part of anomaly remains undrill

  24. Slide 24: Carrickittle West Target: Mirror Image of Pallas Green?

    Carrickittle West Target: Mirror Image of Pallas Green? TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 24

  25. Slide 25: Recently Discovered High-Grade at Carrickittle (PG West)

    Recently Discovered High-Grade at Carrickittle (PG West) Hole G11-2840-04 (announced July 2020) intersected 10.3m of 19.6% Zn+Pb and 43 g/t Ag, including: TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 25

  26. Slide 26: South Side of the Limerick Volcanic Complex – Key Target Area

    South Side of the Limerick Volcanic Complex – Key Target Area Dominant License Position in Most Metal-Endowed Zinc Camp in Ireland (outside of Navan) Stonepark zinc deposit2 Pallas Green zinc deposit1 Limerick Volcanic Complex C’ittle West5 Carrickittle6 TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 26

  27. Slide 27: Pallas Green – Newly Published Deposit Outline (Sep-2023)

    Pallas Green – Newly Published Deposit Outline (Sep-2023) LEGEND Pallas Green Deposit (Glencore) N Breccia Bodies (Blaney & Redmond, 2015) Mineralization (Zn, Pb) (Blaney & Redmond, 2015) New PG Deposit Outline (Blaney & Coffey, 2023) Licence Boundary Licence Boundary (internal) Waulsortian Lmst Vol

  28. Slide 28: Pallas Green – Silver Grades Increasing Towards Feeder?

    Pallas Green – Silver Grades Increasing Towards Feeder? Pallas Green Deposit (Glencore) LEGEND N Ag (m x ppm) 200 100 30 20 Faults 10 Stonepark Deposit (Group Eleven) 1km 0 2.5 5.0 Silver intensity map (max 130 g/t Ag, composite interval mean 3.0 g/t Ag) kilometres sourced from Blaney & Coffey, 2023

  29. Slide 29: Carrickittle West – Similarities With Pallas Green Emerging

    Carrickittle West – Similarities With Pallas Green Emerging Two Holes Announced in June 2022 Show 2km by 5km Area with Pyritic-Brecciated Target Horizon E’ Carrickittle West Pallas Green Corridor Drill Target F’ PGW E F Note: PGW is the PG West Project (Group Eleven) TSX.V: ZNG, | OTC: GRLVF | FRA:

  30. Slide 30: Carrickittle West – Exploration Model Based on Feeder Structure

    Carrickittle West – Exploration Model Based on Feeder Structure Hypothesized Mirror-Image of Pallas Green Deposit May Be Associated With Feeder on SE Side (E) (E’) Carrickittle – C’ittle N Pallas Green Corridor Pallas Green and Stonepark Newly 45.4mt of 8.4% Zn+Pb1 and Discovered 5.1mt of 11.3% Zn+P

  31. Slide 31: Carrickittle West – Recently Drills a Major Fault (Possible Feeder)

    Carrickittle West – Recently Drills a Major Fault (Possible Feeder) South (F) North (F’) TC-450-003 TC-450-009 G11-2531-01 TC-450-006 TC-450-001 TC-450-002 34m 157m First Major Fault Discovered in Limerick 247m Volcanic Complex – 4.6m of 0.22% Zn+Pb 295m Could Be a Feeder 1.8m of 0.93% Zn+Pb and 0.5

  32. Slide 32: Copper Potential

    Copper Potential TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 32

  33. Slide 33: Three Key Copper Prospects – 100% Interest to Group Eleven

    Three Key Copper Prospects – 100% Interest to Group Eleven Dominant License Position in Most Metal-Endowed Zinc Camp in Ireland (outside of Navan) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 33

  34. Slide 34: Tullacondra Prospect (Cu-Ag Historic Estimate)

    Tullacondra Prospect (Cu-Ag Historic Estimate) Located 20km South of PG West Project | Recently Acquired LEGEND Historic estimate: 3.6mt of 0.7% Supra-Waulsortian Lithologies Cu and 28 g/t Ag (incl. 0.6mt of Waulsortian Limestone 150 g/t Ag and 0.7% Cu) – Munster Base Metals, 1973) Ballysteen Lmst (

  35. Slide 35: Recent Drilling Hits Best Grades Ever Achieved at Tullacondra

    Recent Drilling Hits Best Grades Ever Achieved at Tullacondra NORTH 130.1m of 0.50% Cu and 20.8 g/t Ag 34.3m of 0.50% Cu and 16.4 g/t Ag SOUTH M-73-16 M-73-12 G11-3535-01 M-75-32 OVB LEGEND Mineralized Zone (Cu-Ag) LLS 10.1m of 0.38% Cu Hypothesized Mineralization LLS and 10.1 g/t Ag Drill Holes (Hi

  36. Slide 36: Upcoming Catalysts

    Upcoming Catalysts 2023 – Two Key Value Drivers • PG West – Ballywire Discovery (Q4) • Follow-up Drilling • Germanium Assays • Stonepark – Drill Test of Carrickittle West ‘Deep Target’ • Hole (700m to 1,100m Deep) to Start Pending Priorities at Ballywire 36

  37. Slide 37: Why Invest in ZNG?

    Why Invest in ZNG? New High-Grade Zinc-Lead-Silver-Germanium Discovery at the Ballywire Prospect, Ireland Corporate Overview  Base Metals (Zinc and Copper) Will be Increasingly Important for the Global Energy Transition Positive Outlook for Zinc  Increasing Infrastructure Spending in U.S. and Chin

  38. Slide 38: Contact

    RESOURCES CORP. Legal: Cassels Suite 2200, 885 West Georgia Street Vancouver, B.C., V6C 3E8 Canada Bart Jaworski, CEO E: b.jaworski@groupelevenresources.com T: +353 85 833 2463 Jeannine Webb, CFO E: j.webb@groupelevenresources.com T: +1 604 644 9514 TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE

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