Group Eleven Resources Corp. · TSXV:ZNG
Group Eleven Resources — Investor Presentation (April 2019)
33 slides from Group Eleven Resources's investor presentation, April 2019
Slide 1: Advanced Stage Zinc Exploration in Ireland
RESOURCES CORP. Advanced Stage Zinc Exploration in Ireland April 2019 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 23 Year Price and LME Inventory Chart TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE 3
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 big zinc mine How do we get there / what makes us different? Big Think → Big Drill 2019 • Comprehensive, open-mined search using cutting-edge techniques • Large land position • Team – experienced mine finders and company builders Near-term catal
Slide 6: Capital Structure
Capital Structure Ownership (basic) Share Owners Exercise Expiry Shares M.Cap Cash EV Structure* Price Date (mln) (C$m)^ (C$) (C$m) Instit (C$) 10% Insider 15% Basic 63.1 $5.7 $2.5 $4.0 Options Directors $0.40 Feb-23 0.3 $0.1 Employees $0.20 Sep-23 2.9 $0.6 MAG Silver Consultants $0.20 Sep-23 0.2 $0
Slide 7: Share Price Performance and News Flow
Share Price Performance and News Flow 1 1 Year Price (C$/sh) and Volume 4 6 8 5 3 7 2 12 9 11 10 No Event Description No Event Description 1 Drilling Commences at Ballinalack 7 Torrey Hills Appointed 2 Stonepark Maiden Resource 8 Tellus Survey, Big Think Q&A 3 Appoints Spiros Cacos as VP, Investor R
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 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 – 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) Pallas Green deposit 45.1 Mt @ 8.4% Zn+Pb1 Limerick Courtbrown Other zinc occurrences 100% Stonepark North 5.1 Mt @ Stonepark West 11.3% Zn+Pb2 Ston
Slide 15: Stonepark – Key Mineralizing Fault(s) Not Yet Found
Stonepark – Key Mineralizing Fault(s) Not Yet Found Glencore’s Pallas Green deposit Crecora Rochestown Rockfield Group Eleven’s Stonepark deposit 100% Rathmore 77% Limerick South 77% Carrickittle 100% e.g. 5m @ 12% Zn+Pb Source: Group Eleven Resource Corp., and Blaney & Redmond (2015) TSX.V: ZNG, |
Slide 16: Stonepark – Exploration Concept (NW Trending Corridor)
Stonepark – Exploration Concept (NW Trending Corridor) Main Zinc Mineralizing System May Occur Under the Volcanic Complex SE NW Carrickittle area Pallas Green and Stone Park area Knockseefin volcanics Group Eleven targets TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE Stonepark 16
Slide 17: 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 18: Stonepark North – the Largest Portion of the Resource
Stonepark North – the Largest Portion of the Resource Flat, Regularly-Shaped and Higher-Grade Body at a Shallow Depth of Approximately 200 metres Note: Historic drill results have not been verified by a Qualified Person as the samples forming the basis of such results are not available to the Compan
Slide 19: Ballinalack Project
Ballinalack Project Navan Bed Potential Lies Beneath 19
Slide 20: 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 21: 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 22: 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 23: Ballinalack (Waulsortian Limestone) – Inferred Resource
Ballinalack (Waulsortian Limestone) – Inferred Resource Many Opportunities to Grow Tonnage and Improve Grade within Waulsortian Limestone Ballinalack deposit 5.4 million tonnes grading 8.7% zinc + lead 5.3m @ 5.7% (Inferred Category)* 19.9m @ 7.2% 34.4m @ 9.6% 24.4m @ 19.7% 45.6m @ 16.0% 24.4m @ 18.
Slide 24: Ballinalack (Navan Beds) – Re-interpretation Yields Four Targets
Ballinalack (Navan Beds) – Re-interpretation Yields Four Targets Strong Navan Bed Mineralization Already Intersected TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE Ballinalack 24
Slide 25: Ballinalack – Recent Drilling by Group Eleven
Ballinalack – Recent Drilling by Group Eleven Identified Cross-Faults, Interpreted Ballinalack Fault to be Steeper and Verified Known Mineralization NW SE N S TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE Ballinalack 25
Slide 26: Upcoming Catalysts
Upcoming Catalysts 2019 • Drill Results | Stonepark | primarily testing geology and structure – Q2 • Start Drilling | Ballinalack | testing best target (Navan Beds under deposit) – Q2 • Geophysical Survey | Stonepark & Silvermines | help define major faults – Q2/Q3 • Drill Results | Ballinalack | Q3
Slide 27: Supplemental Information
Supplemental Information 27
Slide 28: Silvermines Project
Silvermines Project Back on the Market After 20 Years 28
Slide 29: Silvermines - Four Formerly-Producing Zinc Mines in Region
Silvermines - Four Formerly-Producing Zinc Mines in Region Cooleen Prospect Has Not Been Explored in 20 Years Historically, Silvermines Zinc Mine produced 10.8 million Tynagh tonnes grading zinc mine 7.4% zinc and (shut) 2.7% lead Crinkill (ironstone between 1968 100% occurrence with zinc) and 1982
Slide 30: Cooleen Prospect and Targets
Cooleen Prospect and Targets Four Target Areas Were Identified by Previous Operator in the mid 1990s – Never Followed Up Group Eleven licenses Cooleen Zone Target 3 Target 1 Target 2 Target 4 Silvermines zinc deposit (mined out) TSX.V: ZNG, | OTC: GRLVF | FRA: 3GE Silvermines 30
Slide 31: Cooleen Zone - 300m long, 100m wide
Cooleen Zone - 300m long, 100m wide Exploration to Focus on Expanding Zone (Currently Open) and Tracing it Back to a Feeder Structure Above holes define a mineralized zone approximately 300m long and 100m wide Note: Historic drill results have not been verified by a Qualified Person as the samples f
Slide 32: Cooleen Zone - Cross-Section
Cooleen Zone - Cross-Section Appears to be Relatively Continuous and Regular Zone – More Follow Up Work is Required intense black matrix breccia 2.1m @ 10.7% Zn + Pb* 2.0m @ 4.9% Zn + Pb 7.3m @ 16.0% Zn + Pb* zinc zinc * Historic drill results have not been verified by a Qualified Person as the samp
Slide 33: Group Eleven Resources 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 Spiros Cacos, VP Investor Relations E: s.cacos@groupelevenresources.com T: +1 604 630 8839
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