Group Eleven Resources Corp. · TSXV:ZNG
Group Eleven Resources — Investor Presentation (March 2022)
49 slides from Group Eleven Resources's investor presentation, March 2022
Slide 1: Advanced Stage Zinc Exploration in Ireland
RESOURCES CORP. Advanced Stage Zinc Exploration in Ireland March 2022 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: Investment Highlights
Investment Highlights
Slide 4: Why Ireland?
Why Ireland? Rich Jurisdiction - Ranked No. 1 in the World in Terms of Zinc Found Per Square Kilometre Ireland – Geology and Economics Ballinalack • First-world, democratic and politically stable Navan (Boliden, • Very prospective for zinc yet underexplored active) • Ores typically clean, easy to pr
Slide 5: 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 5
Slide 6: Follow-Up Yields More High-Grade at Carrickittle (PG West)
Follow-Up Yields More High-Grade at Carrickittle (PG West) Hole G11-2840-09 (announced Dec 2020) intersected 7.2m of 30.5% Zn+Pb and 108 g/t Ag, including: TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 6
Slide 7: Follow-Up Yields More High-Grade at Carrickittle (PG West)
Follow-Up Yields More High-Grade at Carrickittle (PG West) Hole G11-2840-22 (announced Nov 2021) intersected 2.52m of 7.8% Zn+Pb, 8.9 g/t Ag including: 32.2% Zn+Pb (26.4% Zn and 5.8% Pb), 32.1 g/t Ag over 0.20m (from 13.4m) 27.3% Zn+Pb (22.3% Zn and 5.0% Pb), 30.9% Zn+Pb (28.7% Zn and 2.2% Pb), 37.0
Slide 8: Stonepark / PG West – Stonepark is Near-Term Focus
Stonepark / PG West – Stonepark is Near-Term Focus Dominant License Position in Most Metal-Endowed Zinc Camp in Ireland (outside of Navan) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 8
Slide 9: What is the Big Idea?
What is the Big Idea? Target 1 Hypothesized Mirror- Image of Pallas Green on the Southern Cu-Ag Enriched Side of Limerick Volcanic Complex (LVC)… 0 10 kilometres TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 9
Slide 10: What is the Big Idea?
What is the Big Idea? Target 1 Target 2 Carrickittle – shallow, possible extension of Target 1? 0 10 kilometres TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 10
Slide 11: What is the Big Idea?
What is the Big Idea? Target 1 Target 2 Target 3 0 10 Ballywire – newly kilometres discovered high-grade massive sulphide TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 11
Slide 12: What is the Big Idea?
What is the Big Idea? Target 1 Target 2 Target 3 0 10 kilometres Stonepark resource Remains Open TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 12
Slide 13: What is the Big Idea?
What is the Big Idea? Target 1 Target 2 Target 3 0 10 kilometres Stonepark resource Regional earlier-stage and Cu-Ag prospects TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 13
Slide 14: New – Tullacondra Prospect (Cu-Ag and potentially cobalt)
New – Tullacondra Prospect (Cu-Ag and potentially cobalt) LEGEND Waulsortian Limestone Ballysteen Limestone Lower Limestone Shales Old Red Sandstone Volcanic Rocks Supra-Waulsortian Lithologies Fault Tullacondra historic estimate (Cu-Ag) Historic Drilling 14
Slide 15: New – Tullacondra Prospect (Cu-Ag and potentially cobalt)
New – Tullacondra Prospect (Cu-Ag and potentially cobalt) Not to Scale, Conceptual Only Historic estimate of 0.6mt LEGEND of 150 g/t Ag and 0.6% Cu North South Waulsortian Limestone Historic estimate of 3.6mt Ballysteen Limestone of 0.7% Cu and 27 g/t Ag Lower Limestone Shales Hematite Marker Bed Ol
Slide 16: Target 1 – Pallas Green 'mirror image' hypothesis
Target 1 – Pallas Green ‘mirror image’ hypothesis TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 16
Slide 17: Target 1 – Cross Section of Hypothesized Roots of the System
Target 1 – Cross Section of Hypothesized Roots of the System Main Zinc Mineralizing System May Occur Under the Volcanic Complex Carrickittle – C’ittle N Pallas Green and Stonepark Newly 45.4mt of 8% Zn+Pb1 and Discovered 5.1mt of 11.3% Zn+Pb2 High- Grade at Mineralization Knockseefin Volcanics Carri
Slide 18: Target 1 – Cross Section of Hypothesized Roots of the System
Target 1 – Cross Section of Hypothesized Roots of the System Main Zinc Mineralizing System May Occur Under the Volcanic Complex Carrickittle – C’ittle N Pallas Green and Stonepark Newly 45.4mt of 8% Zn+Pb1 and Discovered 5.1mt of 11.3% Zn+Pb2 High- Grade at Mineralization Knockseefin Volcanics Carri
Slide 19: Target 2 - Carrickittle
Target 2 - Carrickittle TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 19
Slide 20: Carrickittle – Zone 1-4 (Plan View) – Trending to the NW
Carrickittle – Zone 1-4 (Plan View) – Trending to the NW TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 20
Slide 21: Carrickittle to Carrickittle North – Vectoring Towards Target 1?
Carrickittle to Carrickittle North – Vectoring Towards Target 1? Several Mineralized Intercepts along 1km Strike Extension North of Carrickittle SSE NNW >1km Strike Extent Along Pallas Green Corridor Carrickittle North Carrickittle 2840/7 G11-2840-03 G11-450-02 P13 G11-2840-04* OL-81-04 Knockroe Wau
Slide 22: Carrickittle – Newly Identified Structural Trends (geophysics)
Carrickittle – Newly Identified Structural Trends (geophysics) LVC LEGEND N SWL Mineralization (Zones 1, 2, 3 and 4) Historic Drill Hole with 6.6m zone incl. massive pyrite, mineralization coarse grained sphalerite; target horizon (base of WL) not yet tested Historic Drill Hole with no mineralizatio
Slide 23: Is there Room? Galmoy vs. Search Area of Carrickittle Prospect
Is there Room? Galmoy vs. Search Area of Carrickittle Prospect Discovery: 1986 Closure: 2009 2P+M&I = 9.5mt of 18.2% Zn+Pb, 38 g/t Ag 1.4km→ 1.4km→ K Zone 1km Source: Lundin Technical Report (WGM, April 2005) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 23
Slide 24: Is there Room? Lisheen vs. Search Area of Carrickittle Prospect
Is there Room? Lisheen vs. Search Area of Carrickittle Prospect Not homogenously thick and high-grade 1.4km→ (need good drill density) Production 1.4km→ 22.4mt of 13.6% Zn+Pb, 26 g/t Ag Discovery: 1990 Closure: 2015 Vertical thickness of total accumulated massive sulphide lenses Source: Fusciardi
Slide 25: Target 4 - Stonepark
Target 4 - Stonepark TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 25
Slide 26: Upcoming Drill Program at Stonepark (2,300m, six holes)
Upcoming Drill Program at Stonepark (2,300m, six holes) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 26
Slide 27: Carrickittle North: Targeting Large Displacement Fault
Carrickittle North: Targeting Large Displacement Fault NNW SSE CARRICKITTLE NORTH 1KM NW EXTENSION AREA CARRICKITTLE ZINC PROSPECT Planned Hole G11-450-02 G11-2840-03 2840-07 OL-81-04 P13 139m EOH 10.3m of 19.6% Zn+Pb and 43 g/t Ag; and 233m 6 specs of sph 7.2m of 30.5% Zn+Pb ? EOH (77m to 118m) and
Slide 28: Carrickittle West: Targeting Large (Related?) Fault
Carrickittle West: Targeting Large (Related?) Fault North CARRICKITTLE WEST South Planned TC-450-003 TC-450-002 TC-450-006 TC-450-009 TC-450-001 Hole 34m EOH ? ? 157m EOH ? 247m 4.6m of 0.22% Zn+Pb Increasing EOH 295m BMB EOH 1.8m of 0.93% Zn+Pb and 0.5m of 7.96% Zn+Pb ? 462m LEGEND ? EOH Waulsortia
Slide 29: Stonepark Deposit (Plan View) – Expansion Opportunities
Stonepark Deposit (Plan View) – Expansion Opportunities Multiple Highly-Prospective Zones with Encouraging Results from Historic Reconnaissance Drilling Drilling to Date G11 Planned (1H22) N Planned Hole >4% Zn 2-4% Zn <2% Zn SPN No mineralization Areas Inferred Resource (5.1mt @ 11.3% Zn+Pb) SPW Hi
Slide 30: Stonepark Deposit (Cross Section) – Expansion Opportunities
Stonepark Deposit (Cross Section) – Expansion Opportunities NW STONEPARK NORTH SE Planned TC-2638-060 TC-2638-059 TC-2638-053 TC-2638-048 Hole 9.5m of 0.6%, incl. 6.9m of 14.2%, incl. LEGEND ? 1.3m of 3.4% 2.8m of 26.8% Lough Gur Lmst Waulsortian Lmst Black Matrix Breccia ? Mineralization (zinc) 140
Slide 31: Target 3 – Ballywire - recently discovered high-grade massive sulphide
Target 3 – Ballywire - recently discovered high-grade massive sulphide TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 31
Slide 32: Ballywire – Recently Discovered High-Grade Zone
Ballywire – Recently Discovered High-Grade Zone Dominant License Position in Most Metal-Endowed Zinc Camp in Ireland (outside of Navan) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 32
Slide 33: Ballywire – Recently Discovered High-Grade Zone
Ballywire – Recently Discovered High-Grade Zone Dominant License Position in Most Metal-Endowed Zinc Camp in Ireland (outside of Navan) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 33
Slide 34: Ballywire – Discovery of New High-Grade Zone (Sept-2021)
Ballywire – Discovery of New High-Grade Zone (Sept-2021) N 8.00m of 0.3% (incl. 0.05m of 8.7%) 3.30m of 12.5%, 48.3 g/t (incl. 9.87m of 1.1%, 2.2 g/t (incl. 0.20m of 10.5%, 11.6 g/t) and 0.40m of 25.5%, 92.2 g/t) 3.80m of 0.9%, 0.43% Cu and 109 g/t (incl. 2.50m of 6.2% (incl. 0.15m of 430 g/t, 1.89%
Slide 35: Ballywire – Discovery of New High-Grade Zone (Sept-2021)
Ballywire – Discovery of New High-Grade Zone (Sept-2021) NNW SSE 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) 9.9m of 1.1%, 2.2 g/t (incl. SWL 20cm of 10.5%, 11.6 g/t) and 3.8m of 0.9%, 0.43% Cu and 109 g/t (incl. 15cm of 430 g/t, 1.89%
Slide 36: Team – Exploration, Capital Markets and Legal Experience
Team – Exploration, Capital Markets and Legal Experience 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
Slide 37: Capital Structure
Capital Structure Share Owners Average Expiry Shares Ownership (Basic) Structure Exercise Price Date^ (mln) Basic 158.3 Options Directors $0.19 Feb-23 1.0 Glencore Officers $0.16 Oct-22 2.9 22.9% Consultants $0.20 Sep-23 0.2 Employees $0.13 Oct-22 0.7 Others Warrants Investors $0.15 Jan-23 21.7 53.4
Slide 38: Investment Highlights - Summary
Investment Highlights - Summary Exciting Newly-Discovered Massive Sulphides in a Large, Emerging Zinc Camp in Ireland Zinc price up nearly 40% over last 12-months on China demand growth and lower global supply Strong Zinc Market Prospect of zinc-batteries emerging as grid-power storage solution
Slide 39: Upcoming Catalysts
Upcoming Catalysts 2022 • Stonepark – Advanced Exploration Drilling • 2,300m of drilling (fully funded), primarily focussed on Carrickittle N and W • PG West – Advanced Exploration Drilling • Carrickittle 1km NW Extension – drill results (assays pending) • Ballywire – follow-up drilling (Q1/Q2) on r
Slide 40: Thank You!
Thank You!
Slide 41: Appendix
Appendix
Slide 42: Resource Grade (ZnEq%) Ranking
Resource Grade (ZnEq%) Ranking Pure Play Zinc-Lead Companies (Excluding Copper and/or Precious Metal Rich Projects) Carrickittle intercept1 Notes: 1 Hole G11-2840-09 intersected 7.2 metres of 23.9% Zn, 6.6% Pb (30.5% combined) and 108 g/t Ag (news release dated Dec 9th, 2020) 2 3.9mt of 9.2% Zn, 2.9
Slide 43: Why Zinc?
Why Zinc? Global Zinc Inventories at Decade Lows, Zinc Price Muted Due to Covid-19 and US-China Trade War ► Zinc Batteries Zinc Price vs. LME Inventories (1995 to present) • Zinc8 (ZincNyx) • NantEnergy • EOS-Bryt Energy • EnZinc | Redflow ► Zinc in Fertilizers • China: World Food Program ► Conventi
Slide 44: Share Price Performance and News Flow
Share Price Performance and News Flow Price (C$/sh) and Volume | Feb-2021 to Feb-2022 | ZNG-TSXV 12 0.17 11 13 14 0.15 1 2 3 4 5 6 7 8 9 10 0.13 CAD 0.11 0.09 0.07 0.05 1 Expl News 2 Corp News 1.5 mln sh 0.5 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb No News Release Description No News Release
Slide 45: Ireland - Where Does the Zinc Occur?
Ireland - Where Does the Zinc Occur? 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 45
Slide 46: Cross-Section of an Irish-Type Zinc Deposit
Cross-Section 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 * Navan Bed Target only in NE portion of Irish Midlands (see Regional Cross section above) Source: Modified aft
Slide 47: Denison Prospect, PG West Project (100%), Ireland
Denison Prospect, PG West Project (100%), Ireland Plan Drill Hole Map of the Historic Estimate at the Denison Prospect TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 47
Slide 48: Denison Prospect, PG West Project (100%), Ireland
Denison Prospect, PG West Project (100%), Ireland Cross-Section of G11-4474-01 Through Main Portion of Historic Estimate TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 48
Slide 49: Group Eleven Resources Corp. contact details
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 Shaun Heinrichs, CFO E: s.heinrichs@groupelevenresources.com T: +1 604 630 8839 TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE
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