Group Eleven Resources Corp. · TSXV:ZNG
Group Eleven Resources — Investor Presentation (February 2024)
39 slides from Group Eleven Resources's investor presentation, February 2024
Slide 1: New High-Grade Zinc-Lead-Silver-Germanium Discovery in Ireland
RESOURCES CORP. New High-Grade Zinc-Lead- Silver-Germanium Discovery in Ireland February 2024 TSX.V: ZNG | OTC: GRLVF | FRA: 3GE
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: Vision
VISION Discover Ireland’s Next Big Zinc Mine In Order To Generate Exponential Shareholder Returns And Local Economic Benefits 3
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
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 2024) • Zinc-Batteries for Grid Power Storage • Offshore Wind • Solar Farms ► Zinc in Fertilizers • China: World Food Progr
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 •
Slide 7: Capital Structure
Capital Structure Share Owners Exercise Expiry Date^ Shares Ownership (Basic) Structure Price (mln) Basic 200.1 Glencore Options Directors $0.09-0.11 Oct-25 to Oct-28 1.7 18.2% Officers $0.09-0.11 Oct-25 to Oct-28 1.9 Employees $0.09-0.11 Oct-25 to Oct-28 0.8 Michael Others Gentile Warrants Investor
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
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
Slide 10: Ballywire Discovery (Nov-2023) – Follow-Up Drilling
Ballywire Discovery (Nov-2023) – Follow-Up Drilling Robust Zinc-Lead Mineralization Intercepted Over 1.5km, Open for a Further 3km to the East N G11-3552-03 (160m Step-Out) G11-468-06 (60m Step-Out) 58.0m of 3.1%, 25 g/t, incl. 10.1m of 8.6% and 46 g/t, incl. 32.7m of 4.4%, 37 g/t, incl. 6.0m of 12.
Slide 11: Ballywire Discovery – Detailed Cross-Section
Ballywire Discovery – Detailed Cross-Section NNW (A) SSE (A”) 11
Slide 12: Ballywire Discovery – Cross-Section (510m Down-Dip Extent)
Ballywire Discovery – Cross-Section (510m Down-Dip Extent) 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 SWL LEGEND Previous Drill Holes WL Zinc-Lead-Silver (Higher-Grade) Zinc-Lead-Silver (Lower Grade) Massive Co-Ni Bea
Slide 13: Ballywire Discovery (Nov-2023) – Follow-Up Drilling
Ballywire Discovery (Nov-2023) – Follow-Up Drilling Robust Zinc-Lead Mineralization Intercepted Over 1.5km, Open for a Further 3km to the East N G11-3552-03 (160m Step-Out) G11-468-06 (60m Step-Out) 58.0m of 3.1%, 25 g/t, incl. 10.1m of 8.6% and 46 g/t, incl. 32.7m of 4.4%, 37 g/t, incl. 6.0m of 12.
Slide 14: Ballywire – Cross-Section (900m Down-Dip Extent)
Ballywire – Cross-Section (900m Down-Dip Extent) 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. 0.2m of 430 g/t,
Slide 15: Ballywire Discovery (Nov-2023) – Follow-Up Drilling
Ballywire Discovery (Nov-2023) – Follow-Up Drilling Robust Zinc-Lead Mineralization Intercepted Over 1.5km, Open for a Further 3km to the East N G11-3552-03 (160m Step-Out) G11-468-06 (60m Step-Out) 58.0m of 3.1%, 25 g/t, incl. 10.1m of 8.6% and 46 g/t, incl. 32.7m of 4.4%, 37 g/t, incl. 6.0m of 12.
Slide 16: Ballywire Discovery – Discovery of Feeder Zone
Ballywire Discovery – Discovery of Feeder Zone NNW (C) SSE (C’) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 16
Slide 17: Ballywire Discovery (Nov-2023) – Follow-Up Drilling
Ballywire Discovery (Nov-2023) – Follow-Up Drilling Robust Zinc-Lead Mineralization Intercepted Over 1.5km, Open for a Further 3km to the East N G11-3552-03 (160m Step-Out) G11-468-06 (60m Step-Out) 58.0m of 3.1%, 25 g/t, incl. 10.1m of 8.6% and 46 g/t, incl. 32.7m of 4.4%, 37 g/t, incl. 6.0m of 12.
Slide 18: Ballywire Discovery – Robust 80m Step-Out to East
Ballywire Discovery – Robust 80m Step-Out to East NNW (D) SSE (D’) TSX.V: ZNG, FRA: 3GE 18
Slide 19: Ballywire Discovery (Nov-2023) – Follow-Up Drilling
Ballywire Discovery (Nov-2023) – Follow-Up Drilling Robust Zinc-Lead Mineralization Intercepted Over 1.5km, Open for a Further 3km to the East N G11-3552-03 (160m Step-Out) G11-468-06 (60m Step-Out) 58.0m of 3.1%, 25 g/t, incl. 10.1m of 8.6% and 46 g/t, incl. 32.7m of 4.4%, 37 g/t, incl. 6.0m of 12.
Slide 20: Ballywire Discovery – Robust 160m Step-Out to East
Ballywire Discovery – Robust 160m Step-Out to East NNW (E) SSE (E’) TSX.V: ZNG, FRA: 3GE 20
Slide 21: Ballywire Discovery (Nov-2023) – Follow-Up Drilling
Ballywire Discovery (Nov-2023) – Follow-Up Drilling Robust Zinc-Lead Mineralization Intercepted Over 1.5km, Open for a Further 3km to the East N G11-3552-03 (160m Step-Out) G11-468-06 (60m Step-Out) 58.0m of 3.1%, 25 g/t, incl. 10.1m of 8.6% and 46 g/t, incl. 32.7m of 4.4%, 37 g/t, incl. 6.0m of 12.
Slide 22: Ballywire Discovery – Long-Section Showing 710m of Strike
Ballywire Discovery – Long-Section Showing 710m of Strike SW (F) NE (F’) TSX.V: ZNG, FRA: 3GE 22
Slide 23: 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
Slide 24: 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 TSX.V: ZNG, FRA: 3GE 24
Slide 25: Carrickittle West Target: Mirror Image of Pallas Green?
Carrickittle West Target: Mirror Image of Pallas Green? TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 25
Slide 26: 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 26
Slide 27: 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 27
Slide 28: 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
Slide 29: 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
Slide 30: 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 G’ Carrickittle West Pallas Green Corridor Drill Target H’ PGW G H Note: PGW is the PG West Project (Group Eleven) TSX.V: ZNG, | OTC: GRLVF | FRA:
Slide 31: 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 (G) (G’) 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
Slide 32: Carrickittle West – Recently Drills a Major Fault (Possible Feeder)
Carrickittle West – Recently Drills a Major Fault (Possible Feeder) South (H) North (H’) 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
Slide 33: Copper Potential
Copper Potential TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 33
Slide 34: 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) Gortdrum3 Denison8 Tullacondra9 TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 34
Slide 35: 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 (
Slide 36: 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
Slide 37: Upcoming Catalysts
Upcoming Catalysts 2024 – Two Key Value Drivers • PG West – Ballywire Discovery • Busy 2024 Drill Program (2 Rigs) • Stonepark – Drill Test of Carrickittle West ‘Deep Target’ • Hole (700m to 1,100m Deep) to Start Pending Priorities at Ballywire 37
Slide 38: 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
Slide 39: 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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