RESOURCES CORP.
New Zinc Company Focused on Ireland
May 2017
1
Disclaimer - Important Notice
This Presentation is given by Group Eleven Resources Corp. (“the Company”), incorporation number BC1098004 and with the registered office at 2200-885 West
Georgia Street, Vancouver, BC, Canada, V6C 3E8, made subject to the terms outline below. By retaining this Presentation, the recipient acknowledges and
represents to the Relevant Parties (defined below) that he or she has read understood and agrees to be bound by the terms set out in this disclaimer. This
Presentation contains only a synopsis of more detailed information, and has not been independently verified and accordingly no reliance may be placed for any
purpose whatsoever on the sufficiency or completeness of the information in this Presentation.
This document and its contents may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or disclosed or published, in
whole or in part, for any purpose. This document is being provided for information purposes only and thus viewing, downloading, reproducing, copying or
distributing this Presentation may be restricted by law in certain jurisdictions. While the Presentation has been prepared in good faith, no representation,
warranty, assurance or undertaking (express or implied) is or will be made, and no responsibility or liability is or will be accepted by the Company or any of
their respective officers, employees, advisers or agents (the Relevant Parties) in relation to the adequacy, accuracy, completeness or reasonableness of this
Presentation or any other information (whether written or oral), notice or document supplied or otherwise made available to any interested party or its
advisers in connection with this Presentation. All and any such responsibility and liability is expressly disclaimed. No information set out, or referred to, in this
Presentation shall form the basis of any contract.
Certain statements in this Presentation constitute “Forward-Looking Statements.” Such Forward-Looking Statements involved known and unknown risks,
uncertainties and other important factors that could cause the actual results, performance or achievements of the Company, or industry results, to differ
materially from any future results, performance or achievements implied by such forward-looking statements. Statements in this Presentation that are forwardlooking are based on the Company’s current beliefs regarding a large number of factors affecting its business. Actual results may differ materially from
expected results. There can be no assurance that (i) the Company has correctly measured or identified all of the factors affecting its business or the extent of
their likely impact; (ii) the publicly available information with respect to these factors on which the Company’s analysis is based is complete or accurate; (iii)
the Company’s analysis is correct; or (iv) the Company’s strategy, which is based in part on this analysis, will be successful. Forward-looking statements involve
numerous risks and uncertainties that could cause actual results to differ materially from expected results. The Company does not accept any responsibility
whatsoever for the accuracy, fairness and completeness of any financial statements, forward-looking statements and projected estimates and none of such
statements or estimates shall constitute or be relied on as constituting a representation or warranty or have any legal effect whatsoever.
This Presentation does not constitute investment advice or a recommendation regarding the securities of the Company or an offer or invitation to subscribe for
securities of the Company or its affiliates. Any offer or invitation to subscribe for securities of the Company or its affiliates may be made only pursuant to
exemptions from the prospectus requirements of applicable Canadian securities legislation to accredited investors. The information contained in this
Presentation does not and is not intended to constitute a “valuation,” “formal valuation,” “appraisal,” “prior valuation,” or a “report, statement or opinion of
an expert” for purposes of Canadian securities legislation.
Scientific and technical information in this Presentation has been approved by John Barry, who is a qualified person for the purposes of National Instrument 43101 and who is not independent of the Company.
2
Executive Summary
Overview

Group Eleven Resources Corp. (G11) - private, registered in B.C. (owns 100% of Irish subsidiary)

Rolling up the Irish zinc exploration space

Largest zinc ground position in SW Ireland, the overlooked part of the camp

First mover advantage – began staking at bottom of cycle

Home team - principally based in Ireland

Technical and market expertise - extensive experience in Irish (and European) zinc and capital markets

Ireland – top jurisdiction for zinc

Zinc – among best supply/demand dynamics, world needs new discoveries
Financial Position

Current cash balance - approximately C$1.5m

MAG Silver holds 14.0% (basic) or 21.5% (fully diluted)
2017 Plans

Exploration – de-risk and shore-up our core targets (data compilation, geophysics and drilling)

Go-public transaction (C$5-10 million) in 2017E
3
Brownfield Zinc Exploration in Ireland
Ballinalack
(Teck)
Navan
(Boliden)
Tynagh(shut)
0
25
50
Silvermines
kilometres
Galmoy(Lundin,shut)
Lisheen(Vedanta,shut)
PallasGreen(Glencore)
Silvermines(shut)
Gortdrum(Cu,shut)
Tralee
PG West
G11 property
Zinc deposit
Zinc – small deposit
or major occurrence
Source: modified from P. Tyler
4
Highlights - Assets (and Ireland)

Among largest license holders in Ireland (82 licenses, over 2,700 square km in 3 main properties)
−
−
−

(1)
Silvermines

Best intercepts include 7.3m @ 16.0% Zn/Pb

Adjacent to historic Silvermines zinc mine

Hosts Cooleen discovery, high-priority drill-targets never followed up
Tralee

Best drill intercept: 1.5m @ 16.6% Zn/Pb, 0.73% Cu, 185 g/t Ag

Grab samples up to 51% Zn and 21 g/t Ag(3)

Drill-ready targets

Overlooked since early 1980s  large database + new thinking
PG West

Best drill intercept: 3.1m @ 18.1% Zn/Pb and 31 g/t Ag

Adjoining Glencore’s Pallas Green property and Teck’s Stone Park project

Hosts Carrickittle and Gortdrum deposits, extensive exploration upside

No. 1 in the world for zinc discovered per square kilometre

No. 1 (of 109 jurisdictions) by Fraser Institute for ‘Policy Perception Index’ (2016)

No. 9 by Fraser Institute for ‘Overall Investment Attractiveness’ (2016)
Ireland
5
Team
Synopsis

Extensive experience - exploring and developing zinc deposits in Ireland and Europe (including Olza in Poland)

Home team advantage – three of four directors based in Ireland

Fresh Thinking – intentional blend of Irish and non-Irish expertise

Market expertise – mix of technical experience and capital markets expertise
Board of Directors
Advisors

John Barry – Chairman

Peter Megaw

Bart Jaworski – CEO

John Prochnau

David Furlong – General Manager

David Whitehead

Andrew Farncomb – Corporate Development

Shawn Ryan
Legal Counsel

Cassels Brock & Blackwell - Jen Traub & John Christian

Mason Curran & Hayes - Justin McKenna
Biographies in Appendix
6
Irish Zinc District
7
Irish Zinc District
Strokestown
Clonabreeny
Glenamaddy
Sion Hill
Allenwood
Rickardstown
Rapla
(Cu)
Tralee
G11 property
Zinc - deposit
Zinc – major occurrence
Source: modified from EMD
8
Irish-style Zinc Deposits (Cross-Section)




Metal-rich fluids migrate up steep faults and mix with saline solutions at the base of the Waulsortian limestone
Base of the Waulsortian tends to undergo dolomitization (introduction of magnesium) and brecciation
(fragmentation) – creating BMB (black matrix breccia)
Very rarely – late stage (or ‘bleeder’) veins man develop
Pyrite, copper or other metals can also occur disseminated within and around the deposits
“Sag” deposition
S
Rare: late stage
or ‘bleeder’ zinc
veins (e.g.
Kilbricken)
N
Waulsortian Limestone (WL)
Black Matrix
Breccia (BMB)
Proximal zinc (e.g.
Lisheen main zone)
Distal zinc (e.g.
Galmoy K2 zone)
ABL
ORS
Source: Unicorn Mineral Resources Ltd., G11
9
Mines and Advanced Assets in Ireland
Company
Asset
# of PL
Notes
Tara Mine
70
Largest zinc mine in Europe
~20 surrounding PLs and ~50 other PLs through ‘midlands’
region
 2014 production of 150,000 tonnes of zinc, 22,000 tonnes of
lead and 2,400 kg of silver
Lisheen Mine
23


Shut down in November 2015
Exploration ground around Lisheen and Galmoy
Pallas Green Deposit
10

44mt @ 8% Pb/Zn
Stonepark prospect
94



Largest landholder in Ireland
Focused near Navan (~76 licenses)
Stonepark deposit adjacent to Pallas Green
Kilbricken, Galmoy,
Limerick and Lakelands
27

Galmoy shut down in 2012


10
Zinc Deposits / New Discoveries in Ireland
New
Discovery
Discovery
Date
Intercept
(m)
Zn
(%)
Pb
(%)
Cu
(%)
Ag
(gpt)
BaSo4
(%)
Discovery
Technique
Status
Kilbricken
2008
10.0
13.8
5.5
-
63
-
Geology
Pre-resource
Stonepark
2007
4.0
11.6
3.5
-
-
-
Geology, IP
Pre-resource
Deposit
Discovery
Date
Tonnes
(mln)
Zn
(%)
Pb
(%)
Cu
(%)
Ag
(gpt)
BaSo4
(%)
Discovery
Technique
Status
Pallas Green
2002
44
7.0
1.0
-
-
-
Geology, drilling
Defined deposit
Navan – SWEX
1999
25.0
7.6
2.0
-
-
-
Geology,
lithogeochem
Active mine
Ballinalack
1970
7.7
6.3
1.0
-
-
-
-
Defined deposit
Lisheen
1990
22.8
12.0
2.1
-
26
-
Soils, geology
Inactive mine
Galmoy
1986
9.7
13.2
3.0
-
-
-
IP / resistivity
Inactive mine
Navan
1970
80.0
8.4
2.0
-
15
-
Soils, prospecting,
IP
Active mine
Silvermines
1962
17.7
6.4
2.5
-
23
-
Outcrop, drilling
Inactive mine
Tynagh
1961
9.2
5.0
6.2
0.5
66
8.3
Soils, IP
Inactive mine
Abbeytown
1951
1.1
3.8
1.5
-
40
-
Mapping, drilling
Inactive mine
Total
-
217
8.2
2.0
-
13
-
-
-
Source: D.Blaney (2011), Glencore, Teck
11
Exploration Projects
12
Silvermines Project – Fertile Region
Tynagh
zinc mine
(shut)
Recently
applied by G11
Crinkill (ironstone
deposit with zinc)
Derrykearn zinc
prospect
Silvermines
zinc mine
(shut)
Rapla zinc prospect
(Vedanta)
Cooleen
deposit / target
G11
Lisheen
zinc mine (shut)
Galmoy
zinc mine (shut)
Waulsortian limestone
Source: G11, modified from EMD
13
Silvermines: Cooleen – high priority targets
G11 license (released from
long-term moratorium only
recently)
Target 1
Waulsortian limestone
Cooleen
deposit
area
Target 3
Target 2
Long-section
Target 4
Cross-section
Silvermines deposit
Off limits
for staking
G11
license
Drill targets defined
by Ennex in 1996
(not yet tested)
Drill collars (historic)
Source: Ennex, G11
14
Silvermines: Cooleen cross-section
NX-3
SE
0
75
NX-18
NX-11
NX-16
(1)
NW
150
metres
Cherty limestone
0.9m @ 5.2% Zn+Pb
1.5m @ 1.8% Zn+Pb
0.3m @ 5.5% Zn+Pb
Waulsortian
limestone
Breccia
7.3m @ 2.3%
Zn+Pb
2.7m @ 2.9% Zn+Pb
ABL
7.3m @
16.0%
Zn+Pb
401m
EOH
435m
EOH
432m
EOH
364m
EOH
Source: Ennex, G11
15
Silvermines: Cooleen long-section
SSW
NX-11
NX-14
4503-1
NNE
Cherty limestone
Waulsortian
limestone
Breccia
7.3m @ 16.0%
Zn+Pb (1)
432m
EOH
Breccia
44.9m @ 0.9%
Zn+Pb
(including
2.0m @ 4.9%
Zn+Pb) (2)
9.2m @ 1.9%
Zn+Pb(1)
2.1m @ 10.7%
Zn+Pb (1)
437m
EOH
428m
EOH
ABL
Source: Ennex, G11
16
Hole 4503-1 (2016, drilled by G11)
large pyrite blebs
large pyrite blebs
Hydrothermal dolomite
Semi-massive pyrite
massive pyrite
17
Hole 4503-1 (2016, drilled by G11)
zinc
pyrite
base of Waulsortian
zinc
intense black matrix
breccia
black matrix breccia
zinc
zinc
18
Tralee Project – Overlooked Yet Prospective
Northern Anticline

−

“Best lead mine in Ireland”
(c.1687), lead and silver
Abundant drill intercepts (late
1970s) with sporadic zinc and lead,
drilled below the target horizon
(key target untested)
Ballinglanna (Pb)
Lixnaw (Pb)
WL
Ballinglanna
−
Ferry Bridge (Zn/Pb)
Pierce’s Island (Pb/Ag)
Ferry Bridge
−

Waulsortian limestone
Pierce’s Island
Historic lead mine
Ardfert (Cu, Pb)
Southern Anticline

Tralee – Fairy Gate corridor (1)
−

8 historic Pb/Ag localities, regional
fault (Navan-North Galtee fault);
1.5m @ 17% Zn/Pb, 0.73% Cu, 185
g/t Ag
Castlemaine
−
Three historic shafts (silver/lead);
51% Zn grab (3)
Source: modified from EMD
Fairy Gate (Zn/Pb)
(7 Pb localities)
Nose not
yet tested
Castlemaine (Zn/Pb)
19
Tralee Project – Shallow High-Grade
Pierce’s Island
Castlemaine

“Best lead mine in Ireland” as per Sir Richard
Cox (c.1687)

Drilling in 1982 intersected significant
arsenopyrite, quartz veining, dolomitization and
sporadic galena
Pierce’s Island – high-grade lead
(40.5% Pb, 116 g/t Ag)(3)
Source: B.Jaworski

Open pit, three shafts (Annagh, Meanus and un-named)

Discovered in 1788, mined 400-800t of silver-rich galena
(during 1790s, 1820s and 1850s)

G11 recently identified location of old spoil heap (now a
rock wall)
Castlemaine – high-grade zinc
(50.5% Zn, 8.9 g/t Ag) (3)
20
Tralee – Castlemaine: Kilbricken analog?

Bleeder veins? - zinc at top of Waulsortian – 51% Zn + 19 g/t Ag in grab from old spoils

Calcite-cap (130m intercept) – most Irish zinc deposits don’t have fugitive calcite caps (except Kilbricken)

WMB and grey breccias – G11 hole contains possible WMB (hydrothermal) and grey dissolution breccias

S-dipping faults – most Irish zinc deposits associated with N-dipping faults (except for Kilbricken)

Buried intrusives? – two mag-high anomalies at Castlemaine suggest possible intrusive activity (similar to Kilbricken)
S
N-2029-1
(1998)
Old
Mine
Calcite
cap?
C-2029-1
(2009)
51% Zn, 19 g/t
Ag(3) in grab
from old
spoils
?
304m
EOH
388m
EOH
LA2
(1966)
19.8m zone
with local
dolomite,
breccia with
large blebs of
pyrite (1)
LA1
(1966)
? ?
WL
? ?
154.0m
of trace
pyrite(1)
ABL
ORS
N
7.3m of
trace lead,
marcasite (1)
35m thick
zone of
sporadic Cu,
Ag, Pb (incl
1.58% Cu, 26
g/t Ag over
1.8m) (1)
203m
EOH
Target
574m
EOH
Source: Group Eleven Resources
21
Tralee – Fairy Gate: bleeders from below?
Low-grade (in cherty gravels)
0.1% to 0.3% Zn/Pb (+/-Cu)
over 1m to 35m thick(1)
High-grade zone (in cherty gravel, black oily mud: Tynagh-style?) (1)
- 1.5m @ 16.6% Zn/Pb, 0.73% Cu, 185 g/t Ag (F4)
- 3.0m @ 10.7% Zn/Pb, 0.22% Cu (F1)
- 4.6m @ 3.3% Zn/Pb, 0.32% Cu (FG-73-4)
Fairy Gate fault
never drill tested
OPEN
Hole FG-73-3 (XRF) (4)
19 g/t Ag @ 64.9m
Hole FG-77-12 (XRF) (1,4)
- 22 g/t Ag, 0.12% Zn (@ 61.6m)
(0.3m @ 1.8% Zn/Pb assay)
- 23 g/t Ag (@ 81.7m)
- 36 g/t Ag (@ 109.8m)
TYNAGH TARGET OPEN
Waulsortian reef (main target) is
south and lower in stratigraphy
Hole FG-73-6 (assay) (1)
16.8m thick zone, consisting of:
(a) 10.7m @ 0.45% Pb (incl. 1.5m @ 1.5% Pb) and
(b) 6.1m @ 0.48% Zn (incl. 1.5m @ 1.4% Zn)
Historic shaft
Source: Philcox, Pennaroya, G11
22
PG West Project – Amid an Emerging District
Killeen
Legend
Lackamore
Zinc
Non-zinc (silver, lead, copper)
Waulsortian limestone
Hollyford
GLENCORE
F
Area C – Croom(1)
1.0m of 0.3%
Zn+Pb next to a
hole with 89m of
white clay gouge;
BMB, organics,
abund py, tr cpy,
tr aspy, 50m of
mafic intrusive w/
abund carb brxx;
zebra dol, very
steep bedding,
local silicification
TECK
A
C
D
B
E
Area E – Newcastle West
Strong zinc-in-soil anomaly
coincident with a major fault
hinge. Initial drilling by Teck
in 2010 and 2011 cut dol, py
and breccia; 7km strike
remains untested.
(1)
Source: G11, modified from EMD
Area B - Tipperary (1)
FM-2654-1 (‘08) cut >80m of sph/gal
in WL reef with local massive sx,
WMB, BMB, hydrothermal dol; other
hole cut 15m of 30% py w/ sph in
dol; local brxx, volc, WMB; 5.0m of
1.45% Zn/Pb, 5.0m of 1.33%, 2.0m
of 3.3%, and 4.0m of 0.33%;
Area A – Carrickittle / Oola / Gortdrum (1)
Carrickittle - small, shallow but high-grade
historic deposit (1965); Oola – several
shafts mining silver, lead and copper;
Gortdrum – commercial-scale copper mine
(1960s)
0
10
20
kilometres
23
PG West: Carrickittle-Oola corridor
Carrickittle (1)
Shallow, small (<100kt) resource (1965)
with high-grade drill intercepts:
- 4.9 m of 12.8% Zn/Pb
- 4.6 m of 12.1% Zn/Pb and 21 g/t Ag
- 5.8 m of 12.4% Zn/Pb
- 3.5 m of 12.6% Zn/Pb and 39 g/t Ag
- 15.5m of 1.8% Zn/Pb
Oola veins (1)
- 17 veins (1-2 km in strike) and 10 shafts
noted in historic literature
- Mined for lead, silver and copper
- Galena extracted graded 29 oz/t Ag
- Barite common
WL
Target
0
3
1.5
kilometres
Target 1 (1)
- Drilling by Lundin (2009) showed a 90m
drop in lithology along strike
- This may indicate a fault (prospective)
- Starting to pick up sphalerite and galena
in the easterly hole
- Oola veins strike towards it
Source: G11, modified from EMD
24
PG West: Oola veins – rich mining history
Source: Geol. Survey of Ireland,
1878 (Thomas Tonkin)
8
9
4
Q11
7
5
Q2
Q1
OOLA MINE
(OPEN PIT)
Q5N
Q6
1
3
Q3
ENGINE SHAFT LODE
Old Mine Workings
LEGEND
CENTRAL LODE
Mouth of Adit
Historic
drilling (Tara,
1960s)
Costean
(trench)
Shaft
Adit
25
PG West: Area B (Tipperary) – drill target
NNW
00-468-5
FM-2654-1
SSE
Basalt
?
Supra-Waulsortian
Waulsortian limestone
Partially dolomitized
468m
EOH
?
55m (360-415m) (1)
incl. sphalerite,
galena and pyrite,
BMB, WMB
599m
EOH
80m (470-550m) (1)
incl. sphalerite,
galena, BMB,
abundant WMB
TARGET
AREA
?
ABL
?
?
0
125
250
metres
26
Catalysts (Next 12 Months)




Corporate
−
Go-public transaction in Canada (TSX-V) – 2017E
−
Continue looking at M&A opportunities
Silvermines Project
−
Further drilling to expand Cooleen zone
−
Geophysical survey (ground magnetics) - ongoing
−
Inversion, analysis and re-interpretation of historic geophysics data - ongoing
−
Tectono-stratigraphic analysis
−
Further data compilation - ongoing
Tralee Project
−
Castlemaine – further drilling under ‘calcite cap’
−
Fairy Gate residual – drill high-grade ‘Tynagh-style’ mineralization in ‘gravels’
−
Fairy Gate hard-rock - drill where Fairy Gate fault intersects Reverse Fault and towards south
−
Ferry Bridge – drill at nose of anticline
PG West Project
−
Drilling - Carrickittle-Oola and Tipperary targets
−
Geophysics – surveys and re-interpretations
−
Data compilation and drill target refinement
27
Appendix
Notes:
(1) Historic drill results have not been verified by a qualified person as the samples forming the basis of such
results are not available to G11, and accordingly no quality assurance programs or quality control measures
were applied by G11.
(2) Results from drill hole DDH-4503-1 have been verified by Paul Gordon, who is a qualified person for the
purposes of National Instrument 43-101 and who is independent of G11. Collection of drill data has been
supervised by Paul Gordon. Mr. Gordon carried out the core logging, marked up the drill core for sampling
and directly received the analytical results from ALS Laboratories, Ireland. The following quality assurance
program and quality control measures were applied: Certified reference materials (CRMs or ‘Standards’)
and blanks were inserted into the sample stream, at a rate of approximately one in ten. The exact number
of samples between each QA/QC sample is deliberately varied, to avoid an obviously detectable pattern.
CRMs were sourced from two different accredited and industry-recognised sources, OREAS Laboratories
and Geostats Pty. The quality assurance protocol requires that the laboratory return a value for the CRMs
not varying by more than three times the certified standard deviation from the certified mean for Zn, Pb
and Ag. The ALS values returned for the CRMs were all within one standard deviation of the certified
mean, for all elements. The samples were tested at ALS Laboratories, Loughrea, Co. Galway, Ireland,
which is independent of G11.
(3) Results from grab samples have been verified by John Barry, a qualified person for the purposes of
National Instrument 43-101 and who is a Director of G11. The rock grab samples from Castlemaine and
Pierce’s Island were delivered by G11 directly via an international courier company to ALS Laboratories.
The following quality assurance program and quality control measures were applied: the sample was
photographed, numbered and packaged by G11 prior to shipping. The sample was tested at ALS
Laboratories, Loughrea, Co. Galway, Ireland, which is independent of G11.
(4) Results from XRF from spot core samples have been verified by John Barry, a qualified person for the
purposes of National Instrument 43-101 and who is a Director of G11. XRF analyses were collected by
Aurum Geological, a geological consultant independent of G11. The following quality assurance program
and quality control measures were applied: the collection of analyses were overseen by John Barry.
28
Appendix - Capital Structure
Shares outstanding
Basic
Dilution
Fully Diluted
(31Mar17)
24,553,055
7,082,950
31,636,005
Ownership
Insiders
MAG Silver Corp.
Others
Total outstanding
Capitalization
Price
Shares outstanding (basic)
Market Capitalization
Current Cash & Equivalents (€1.1m)
Debt
Enterprise Value
Options / Warrants / Performance Escrow
Outstanding Available to
Exercise
exercise
Price (€)
1,300,000
1,300,000
0.020
1,000,000
333,333
0.020
3,382,950
3,382,950
0.150
200,000
200,000
0.150
200,000
200,000
0.150
1,000,000
0
0.000
7,082,950
5,416,283
-
Expiry
11-Nov-18
11-Nov-21
01-Nov-18
22-Feb-18
30-Nov-18
n/a
-
Shares
Dilution
FD
% of basic
% of FD
11,660,940
3,453,839
9,438,276
24,553,055
3,400,000
3,382,950
300,000
7,082,950
15,060,940
6,836,789
9,738,276
31,636,005
47.5%
14.1%
38.4%
100.0%
47.6%
21.6%
30.8%
100.0%
Basic
0.30
24,553,055
7,365,917
1,293,300
6,072,617
FD
0.30
31,636,005
9,490,802
2,164,388
7,326,413
Unit
C$
shares
C$
C$
C$
C$
29
Appendix – Board Biographies
Board
Strategic Advisors
Technical Advisors
John Barry, P.Geo, EurGeol - Chairman

27 years experience - precious and base metal / generation and development

Based in Ireland / expertise in zinc/lead exploration, public company executive

CEO of Rathdowney (RTH-V; Hunter Dickinson company) for 5 years - zinc in Poland and Ireland

Guided first non-Polish company to acquire a major zinc project in Poland (2008)

Associated with early discovery of the Lisheen zinc-lead deposit (1992)

Explored Liscarton zinc-lead satellite deposit to the world-class Navan zinc-lead orebody (1988-1990)

M.Sc (Geology), Pennsylvania State University, MBA at Edinburgh School of Business
Bart Jaworski, P.Geo – CEO

19 years experience - mining analyst and exploration geologist

Based in Ireland

Mining analyst for 12 years - Raymond James (Vancouver) and Davy (Dublin)

Exploration geologist for 6 years (Canada, Russia and Costa Rica)

Associated with early stages of Coffee Creek gold discovery, Yukon (Kaminak purchased by Goldcorp for $520m)

B.Sc (Hons) Geology, University of British Columbia (1996)
30
Appendix – Board Biographies (con’t)
Board
Strategic Advisors
Technical Advisors
David Furlong, P.Geo – General Manager

20 years of industry experience - geologist

Dublin-based - expertise in the design, implementation and management of mineral exploration programs

Seven years (2007-2014) working with Rathdowney Resources Ltd. (RTH-V) as ‘General Manager, Projects‘

B.Sc (Hons), Exploration and Mining Geology, University of Wales
Andrew Farncomb – Corporate Development

Extensive experience advising mining companies on M&A and financing transactions

Toronto-based - Managing Partner at Cairn Merchant Partners, a merchant bank

Former Partner (Investment Banking) Paradigm Capital

Involved in financing Farallon Mining and its sale to Nyrstar for $410 million in 2009

Director at IDM Mining (IDM-T), Northern Superior (SUP-T), Canterra (CTM-T) and Contact Gold Corp.
31
Appendix – Advisors Biographies
Board
Strategic Advisors
Technical Advisors
David Whitehead, C.Eng

45 years experience - successful explorationist and mining executive

Including 26 years at Billiton/BHP as senior executive (exploration, development and operations)

Associated with Tynagh and Tara (Ireland), Pering (South Africa) and Cadjebut (Australia) zinc mines

At Billiton, pioneered market-oriented strategic alliances with junior exploration companies

Director of Consolidated Nickel Mines Ltd and Tertiary Minerals plc
John Prochnau

Extensive experience – successful explorationist, public company executive

Inductee of Casey Research “Explorers’ League, Miners and Explorers Hall of Fame”

Associated with Alligator Ridge (Nevada) and Esquel (Argentina) discoveries

Irish experience – with Billiton founding/managing its Irish operation

Founded/managed private and public mineral companies including Brancote Holdings

B.Sc. Mining Engineering, University Washington, USA; M.Sc. Geology, McGill University, Canada
32
Appendix – Technical Advisors Biographies
Board
Strategic Advisors
Technical Advisors
Peter Megaw, Ph.D.

World renowned expert in carbonate replacement silver, lead-zinc deposits in Mexico

Co-founder of MAG Silver (Fresnillo) and Excellon Resources (Platosa mine)

Responsible for discoveries of Juanicipio (Fresnillo), Platosa and Cinco de Mayo in Mexico

Recipient of the Thayer Lindsley Award in 2017

Ph.D. Geology at University of Arizona
Shawn Ryan

Very successful prospector from Yukon, responsible for White Gold discoveries (and staking rush)

Revolutionizing exploration techniques via his company GroundTruth Exploration

Pioneering exploration effectiveness (drones, low impact geo-probe, high-resolution IP/resistivity)

Pioneering cost-effectiveness
33
Appendix - Fresh Thinking to Exploration

Deep Soils / Bedrock Interface
Sampling

RAB sampling (machine allows for inexpensive bog/base of till/bedrock
sampling, no trenching required)
C$28/m, up to 100m depth (per 12hr shift), cuts through till, ideal for bog (no
disturbance)

Never tried before in Ireland (hoping to identify bleeder veins in first 100m of
depth)
Multi-element Soils and UV –
pick up manganese halos

Manganese alteration - similar to AMOM alteration of CRDs in Mexico
3D Seismic

Advancements in technology make it more cost-effective than in the past
Carbon and Oxygen Isotopes


Very good prospecting tool in Mexican CRDs (likely to be here as well)
Significantly cheaper now than in the past ($20/sample vs. >$100 previously, via
new system at UBC)

Adrok Group Ltd - “a quiet revolution in subsurface exploration”
Atomic diaelectric resonance (ADR), used by NASA and being used by
exploration companies in Ireland, Canada, UK, USA, Australia, etc.
High-resolution IP/res
Geophysics
Low Detection Limits
Best Practice Database
Compilation


Makes possible water/bio sampling (similar to work by Fission Energy which led
to discovery)

New government website (GOLDMINE) – all historic documents now digitized
and ‘keyword’ searchable
34
Zinc – Long Term View

Management believes that zinc inventories over the next few years could be drawn down to levels seen in 2006 –
2008, implying much higher prices

Zinc prices peaked in late 2007 at US$2.08/lb
Zinc Price & LME Inventory Levels (20 years)
$2.50
1,400
1,200
Zinc price (US$/lb)
1,000
$1.50
800
600
$1.00
LME inventory (kt)
$2.00
400
$0.50
200
1996
1998
2000
Source: Bloomberg.
2002
2004
2006
2008
2010
2012
2014
2016
35
RESOURCES CORP.
Contact details
Bart Jaworski, CEO
E: [email protected]
M: +353-85-833-2463
Andrew Farncomb, Corporate Development
E: [email protected]
M: +1-647-255-1346
36