Group Eleven Resources Corp. · TSXV:ZNG
Group Eleven Resources — Investor Presentation (February 2024)
101 slides from Group Eleven Resources's investor presentation, February 2024
Slide 1: New High-Grade Zinc-Lead-Silver-Germanium Discovery in Ireland
Extended Version 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: Investment Highlights
Investment Highlights
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?
Slide 6: Why Zinc?
Why Zinc? Global Refined Zinc Inventories at Lows, Zinc Price Buoyant on Mine Supply Constraints ► 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 Program ► Conven
Slide 7: Why Zinc? South32 Zinc Outlook
Why Zinc? ► South32’s Zinc Outlook (as per South32 news release dated 15-Feb-2024) • Zinc demand is forecast to grow at 2% per annum (vs. 1% in the prior decade) to 2031 • Increasing intensity of use and the rapid deployment of wind and solar • Zinc mine supply is constrained • Despite higher prices
Slide 8: Why Ireland?
Why Ireland?
Slide 9: Ireland: host to some of the world's largest zinc deposits
Ireland: host to some of the world’s largest zinc deposits and poised to host ‘greenest’ zinc in the world… 9
Slide 10: 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 11: Team and Capital Structure
Team and Capital Structure
Slide 12: 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 13: 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 $0.09-0.11 Oct-25 to Oct-28 0.8 Michael Others Gentile Warrants Investor
Slide 14: Share Price Performance and News Flow
Share Price Performance and News Flow
Slide 15: Share Price Performance and News Flow
Share Price Performance and News Flow Price (C$/sh) and Volume | Jan-2023 to Jan-2024 | ZNG-TSXV 1 2 3 4 5 6 7 8 9 10 12 13 14 16 17 11 0.17 15 0.15 C$/share 0.13 18 0.11 0.09 0.07 1 Exploration News 2 Corporate News ‘000 shares 600 400 200 0 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan No News R
Slide 16: PG West Project: Discovery at Ballywire Prospect
PG West Project: Discovery at Ballywire Prospect High-Grade Massive Sulphide Discovery (Announced September 2022) 16
Slide 17: PG West Project (100% interest) – Ballywire Discovery
PG West Project (100% interest) ► Ballywire Discovery
Slide 18: 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 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: Discovery at Ballywire – Announced September 6th 2022
Discovery at Ballywire – Announced September 6th 2022 High-Grade Massive Sulphides Including 6.9m of 15.4% Zn+Pb and 160 g/t Ag within Wider Mineralized Interval of 66.0m – in a 410m step-out hole Photograph of G11-468-03 from 256.45m to 258.50m (2.05m) grading 40.8% Zn+Pb (30.5% Zn and 10.3% Pb) an
Slide 21: Ballywire Discovery – Detailed Cross-Section
Ballywire Discovery – Detailed Cross-Section NNW (A) SSE (A”) 21
Slide 22: 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 23: 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 24: 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 25: 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 26: Ballywire Discovery – Discovery of Feeder Zone
Ballywire Discovery – Discovery of Feeder Zone NNW (C) SSE (C’) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 26
Slide 27: 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 28: 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 28
Slide 29: 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 30: 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 30
Slide 31: 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 32: 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 32
Slide 33: 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 34: 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 34
Slide 35: 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 Plunge 47º ‘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.
Slide 36: 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’ Plunge 57º Legend ‘C2’ - Density-high anomaly (inverted, 3D) ‘C2’ - Gravity (residual) surface contours - Drillhole collar, trace, minera
Slide 37: 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 Plunge 78º % - Zn + Pb (or as otherwise noted) g/t - Ag Strongest part of anomaly rema
Slide 38: Is there Room? Lisheen vs. Discovery Area at Ballywire
Is there Room? Lisheen vs. Discovery Area at Ballywire Not homogenously thick and high-grade 1.5km→ (need good drill density) Production 22.4mt of 1.0km→ Main 13.6% Zn+Pb, Zone 26 g/t Ag Derryville Zone Discovery: 1990 Closure: 2015 Vertical thickness of total accumulated massive sulphide lenses S
Slide 39: Is there Room? Galmoy vs. Discovery Area at Ballywire
Is there Room? Galmoy vs. Discovery Area at Ballywire Discovery: 1986 Closure: 2009 2P+M&I = 9.5mt of 18.2% Zn+Pb, 38 g/t Ag 1.5km→ K Zone 1.0km→ 1km Source: Lundin Technical Report (WGM, April 2005) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 39
Slide 40: Ballywire – Significantly Elevated Germanium
Ballywire – Significantly Elevated Germanium Germanium Trades at US$41/oz – about 80% above Silver at US$23/oz (as at Jan 2024) Germanium Assays to Date from Ballywire Prospect, PG West Project (100%) - 1 of 2 Note: True width as a percentage of drilled intercept is: 90-100% for G11-468-11, G11-468-
Slide 41: Ballywire – Significantly Elevated Germanium (con't)
Ballywire – Significantly Elevated Germanium (con’t) Germanium Trades at US$41/oz – about 80% above Silver at US$23/oz (as at Jan 2024) Germanium Assays to Date from Ballywire Prospect, PG West Project (100%) – 2 or 2 Note: True width as a percentage of drilled intercept is: 90-100% for G11-468-11,
Slide 42: Ballywire – Significantly Elevated Germanium
Ballywire – Significantly Elevated Germanium Germanium Trades at US$41/oz – about 80% above Silver at US$23/oz (as at July 2023) Background Information on Germanium (Ge) • On European Union List of Critical Raw Materials since 2010 • Critical element list: US, China, Australia and Canada • American
Slide 43: Stonepark / PG West Project
Stonepark / PG West Project Searching for the Heart of the Pallas Green Trend 43
Slide 44: Stonepark / PG West – Carrickittle West is Near-Term Focus
Stonepark / PG West – Carrickittle West is Near-Term Focus 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 44
Slide 45: Stonepark Project (76.56% interest) – Expansion Potential
Stonepark Project (76.56% interest) ► Stonepark Deposit – Expansion Potential
Slide 46: 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 47: Stonepark Deposit (Plan View) – Expansion Opportunities
Stonepark Deposit (Plan View) – Expansion Opportunities Deposit Remains Open Along Areas of High Prospectivity Drilling to Date >4% Zn N Areas of High 2-4% Zn Prospectivity <2% Zn SPN No mineralization Areas MRE - Inferred, 43-101 (5.1mt @ 11.3% Zn+Pb) Highly Prospective SPW Not Yet Drilled SP Resou
Slide 48: PG West Project – Pallas Green Corridor | Carrickittle Prospect
PG West Project (100% interest) ► Pallas Green Corridor | Carrickittle Prospect
Slide 49: Recently Discovered High-Grade at Carrickittle (Zone 1)
Recently Discovered High-Grade at Carrickittle (Zone 1) 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 49
Slide 50: Follow-Up Yields More High-Grade at Carrickittle (Zone 1)
Follow-Up Yields More High-Grade at Carrickittle (Zone 1) 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 50
Slide 51: Follow-Up Yields More High-Grade at Carrickittle (Zone 4)
Follow-Up Yields More High-Grade at Carrickittle (Zone 4) 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 52: Carrickittle – Zone 1 (Plan View, Massive Sulphide Lenses)
Carrickittle – Zone 1 (Plan View, Massive Sulphide Lenses) C C’ D D’ TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 52
Slide 53: Carrickittle – Zone 1 (Long-Section A-A', Lens 1)
Carrickittle – Zone 1 (Long-Section A-A’, Lens 1) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 53
Slide 54: Carrickittle – Zone 1 (Long-Section B-B', Lens 2)
Carrickittle – Zone 1 (Long-Section B-B’, Lens 2) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 54
Slide 55: Carrickittle – Zone 1 (Cross-Section C-C')
Carrickittle – Zone 1 (Cross-Section C-C’, Lens 1 and 2) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 55
Slide 56: Carrickittle – Zone 1 (Cross-Section D-D')
Carrickittle – Zone 1 (Cross-Section D-D’, Lens 1 and 2) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 56
Slide 57: Discovery of Thick, Shallow, High-Grade at Carrickittle
Discovery of Thick, Shallow, High-Grade at Carrickittle Highlights from G11-2840-04 – 10.3m of 19.6% Zn+Pb and 43 g/t Ag (despite 1.1m of no recovery) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 57
Slide 58: Carrickittle – Key Assays from G11-2840-09 at Zone 1
Carrickittle – Key Assays from G11-2840-09 at Zone 1 Continuous Zone of High-Grade Intervals with Elevated Copper and Silver TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 58
Slide 59: Carrickittle – Zone 2 (Plan View, Vein Mineralization)
Carrickittle – Zone 2 (Plan View, Vein Mineralization) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 59
Slide 60: Carrickittle – Zone 2 (Cross-Section, A-A')
Carrickittle – Zone 2 (Cross-Section, A-A’) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 60
Slide 61: Carrickittle – Zone 1-4 – Latest Drill Results Confirm NW Trend
Carrickittle – Zone 1-4 – Latest Drill Results Confirm NW Trend TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 61
Slide 62: Carrickittle – Zones 1-4 – Historic Intercepts, Dolomitization
Carrickittle – Zones 1-4 – Historic Intercepts, Dolomitization malachite Minerals present in hole TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 62
Slide 63: Carrickittle – Large Prospective Area Remains Undrilled
Carrickittle – Large Prospective Area Remains Undrilled Zones 1 to 4 Remain Open to the Northwest Carrickittle G11-2840-03 North 2840/7 Carrickittle Cross-Section Line TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 63
Slide 64: Carrickittle to Carrickittle North – Cross Section
Carrickittle to Carrickittle North – Cross Section 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 Waulsortian Limes
Slide 65: Stonepark – Pallas Green Corridor | Carrickittle West Prospect
Stonepark (76.56% interest) ► Pallas Green Corridor | Carrickittle West Prospect
Slide 66: 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 66
Slide 67: 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 68: 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 69: 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:
Slide 70: 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
Slide 71: 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
Slide 72: Copper-Silver Prospects: Tullacondra (100%)
South of PG West Project ► Copper-Silver Prospects: Tullacondra (100%)
Slide 73: 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 73
Slide 74: Tullacondra Prospect (Cu-Ag Historic Estimate)
Tullacondra Prospect (Cu-Ag Historic Estimate) Located 20km South of PG West Project | Recently Acquired | Recently Identified Cobalt Potential LEGEND Supra-Waulsortian Lithologies Waulsortian Limestone Ballysteen Lmst (ABL) Lower Limestone Shales Old Red Sandstone Inset Volcanic Rocks Fault Tullaco
Slide 75: Inset: Tullacondra Cu-Ag Historic Estimate - Plan View
Inset: Tullacondra Cu-Ag Historic Estimate - Plan View TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 75
Slide 76: Drilling (May-2022) - Best Grades Ever Achieved at Tullacondra
Drilling (May-2022) - 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 (H
Slide 77: Copper-Silver Prospects: Gortdrum
PG West Project (100% interest) ► Copper-Silver Prospects: Gortdrum
Slide 78: Gortdrum Prospect – 3km-Long Zone of Cu-Ag Mineralization
Gortdrum Prospect – 3km-Long Zone of Cu-Ag Mineralization 3.4m of 0.17% (E20) G11-350-01 Gortdrum Fault Zone: N 31.7m of 0.08%, 3km-long zone of 3.7m of 0.22% (E23) 1.6 g/t (incl. 1.6m copper mineralization 13.7m of 0.25% (E25) of 0.53%, 22 g/t) 4.6m of 0.89% (E24) 1.5m of 0.27% (E31) 18.6m of 0.34%
Slide 79: Gortdrum Prospect – 3km-Long Zone of Cu-Ag Mineralization
Gortdrum Prospect – 3km-Long Zone of Cu-Ag Mineralization NW G11-4498-01 E24 E26 SE E25 18.6m of 0.34% (incl. 4.6m of 0.89% (incl. OVB 7.0m of 0.73% and 1.5m of 1.2%) 0.6m of 1.92%) BL RSh 61m 14.4m of 0.22%, 2.1 g/t MHB (incl. 0.8m of 0.62% LEGEND and 4.4 g/t) 80m %, g/t % Cu, g/t Ag Mineralized Zo
Slide 80: Gortdrum Prospect – 3km-Long Zone of Cu-Ag Mineralization
Gortdrum Prospect – 3km-Long Zone of Cu-Ag Mineralization NW G11-350-01 SE 31.7m of 0.08%, 1.6 g/t (incl. 1.6m of 0.53%, 22.3 g/t and 2.9m of 0.13%, 0.7 g/t and 2.9m of 0.15%, 0.5 g/t) ? BL ? RSh LEGEND %, g/t % Cu, g/t Ag Mineralized Zone (interpreted) MHB G11-350-01 New Hole RSh(ZNG) OVB Overburde
Slide 81: Copper-Silver Prospects: Denison
PG West Project (100% interest) ► Copper-Silver Prospects: Denison
Slide 82: 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 82
Slide 83: 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 83
Slide 84: Ballinalack Project
Ballinalack Project Navan Beds Potential Lies Beneath 84
Slide 85: 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 86: 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 From Report Titled: “NI43-101 Independent Report on a Base Metal Exploration Project at Ballinalack, Co. Westmeath, Ireland”, by Paul Gordon, John Kelly and Belinda va
Slide 87: Ballinalack – Significant Exploration Upside
Ballinalack – Significant Exploration Upside Numerous Targets to Follow Up Regionally, and in Proximity to Historic Estimate Ballinalack Recently zinc-lead deposit* Surrendered * Mineral Resource Estimate in the Inferred Category as stated in Group Eleven news release dated November 28, 2018. TSX.V:
Slide 88: Ballinalack – Navan Beds Targets (Plan View)
Ballinalack – Navan Beds Targets (Plan View) Strong Navan Beds Mineralization Already Intersected LEGEND 4a Ballinalack Deposit 4b Navan Beds Zn Target 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
Slide 89: Ballinalack – Hanging Wall Navan Beds Zinc Targets
Ballinalack – Hanging Wall Navan Beds 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 90: Ballinalack – Footwall Navan Beds Zinc Targets
Ballinalack – Footwall Navan Beds 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 Categor
Slide 91: Ballinalack – Ballycorkey Prospect (Regional View)
Ballinalack – Ballycorkey Prospect (Regional View) Crest of Antiform with Increasing Grades and Thicknesses TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 91
Slide 92: Ballinalack – Ballycorkey Prospect (Local View)
Ballinalack – Ballycorkey Prospect (Local View) Grades and Thicknesses Increasing Towards Crest of Anticline (Target Area) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 92
Slide 93: 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 94: Catalysts
Catalysts
Slide 95: 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 95
Slide 96: How Do We Stack Up Versus Our Peers?
How Do We Stack Up Versus Our Peers?
Slide 97: Resource Grade (ZnEq%) Ranking
Resource Grade (ZnEq%) Ranking Pure Play Zinc-Lead Companies (Excluding Copper and/or Precious Metal Rich Projects) Notes: 1 Discovery Hole G11-468- 03 at Ballywire intersected 6.9m of 11.1% Zn, 4.3% Pb (15.4% Zn+Pb) and 160 g/t Ballywire intercept1 Ag (news release dated Sept 6th, 2022) 2 3.9mt of
Slide 98: Appendices
Appendices
Slide 99: Appendix A - Where Does the Zinc Occur?
Appendix A - 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 99
Slide 100: 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 Beds Target* 0 50 100 * Navan Beds Target only in NE portion of Irish Midlands (see Regional Cross section above) Source: Modified a
Slide 101: 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
Group Eleven Resources — Investor Presentation (February 2024) on 6ix