Irish Gold & Zinc Jan 2022 - Arkle Resources PLC
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Irish Gold & Zinc
Jan 2022
DISCLAIMER
This presentation does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any
securities in Arkle Resources PLC nor shall it or any part of it form the basis of, or be relied on in connection with, or act as any
inducement to enter into, any contract or commitment whatsoever. No reliance may be placed for any purpose whatsoever
on the information or opinions contained in this presentation or on any other document or oral statement or on the
completeness, accuracy or fairness of any such information and/or opinions. No undertaking, representation, warranty or
other assurance, express or implied, is made or given by or on behalf of Arkle Resources PLC or any of their respective
directors, employees or advisers, as to the accuracy or completeness of the information or opinions contained in this
presentation, and (save in the case of fraud) no responsibility or liability is accepted by any of them for any such information
or opinions or for any errors, omissions, misstatements, negligence or otherwise contained or referred to in this presentation.
The contents of this presentation have not been approved by an authorised person within the meaning of the Financial
Services and Markets Act 2000.
This presentation does not constitute an offer to the public as referred to in section 85 of the Financial Services and Markets
Act 2000 (as amended) of the United Kingdom and accordingly has not been nor will it be approved by any competent
authority in the United Kingdom. This presentation is not a prospectus within the meaning of the Prospectus (Directive
2003/71/EC) Regulations 2005 of Ireland and therefore has not been approved by the Irish Financial Services Regulatory
Authorities being the competent authority for the purposes of Directive 2003/71/EC in Ireland. This presentation is not an
offering document for the purposes of section 49 of the Investment Funds, Companies and Miscellaneous Provisions Act 2005
of Ireland.
This Presentation has been prepared by the Directors of Arkle Resources PLC and is being issued solely to and directed at
persons who have professional experience in matters relating to investments falling within Article 19(1)(a) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended the "FPO") or (b) high net worth entities and
other persons to whom the presentation may otherwise lawfully be communicated, falling within Article 49(1)(a) of the FPO
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recipient warrants and represents that he or it is a person falling within that description. Delivery of this information to any
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This information is being supplied to you, in whole or in part, for information purposes only and not for any other purpose. In
particular, the distribution of this document in jurisdictions other than United Kingdom or Ireland may be restricted by law
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Any failure to comply with these restrictions may constitute a violation of laws of any such other jurisdictions.
2
ABOUT US
“ We are an Ireland-focussed explorer
and resource developer, diversified in
gold and zinc, with both advanced
and early stage opportunities.
We have a high-grade Maiden
Resource at our Stonepark Zinc JV
Project, with open, untested targets.
We are building on early stage gold
exploration success in an emerging
gold mining territory.
” 3
BOARD & MANAGEMENT TEAM
John Teeling Chairman David Cockbill Non-Executive Director
Over 40 years’ resources experience, including the early Experienced corporate financier and public capital markets
days of zinc mining in Ireland, John founded Arkle executive. Studied accountancy at Manchester University
Resources (previously named Connemara Mining) and, before commencing a 35 year career in the City of London
amongst others, African Diamonds developing the Karowe at various leading investment banks as a proprietary
mine in Botswana (now Lucara), Pan Andean Resources, trader. David has been a Financial Conduct Authority
Minco, and Kenmare Resources. Mr. Teeling holds degrees regulated person for the last five years, focusing on
in Economics and Business from University College Dublin, opportunities within the micro-cap sector and raising
an MBA from Wharton and a Doctorate in Business capital for public companies in the natural resources and
Administration from Harvard. technology sectors.
Jim Finn Financial Director Gavin Berkenheger Consultant Geologist
Over 20 years’ experience with exploration companies and Chartered and European Geologist, extensive knowledge of
extensive experience in their administration, responsible for Irish and UK mineral deposits. Has spent the last 15 years
listing several resource companies, including two of the first exploring for gold and base metal resources in Ireland and
companies ever listed on AIM - Pan Andean Resources and Scotland, aided in the development of the Curraghinalt
African Gold. He holds a degree in Management and an gold deposit in Northern Ireland. He holds honours degree
Association of Chartered Certified Accountants (ACCA) in Geology and Petroleum Geology from the University of
qualification. Aberdeen.
4
COMPANY OVERVIEW
Market: AIM Share Price: .70 GBX
Ticker: ARK Market Cap: £2.1m
Shares in issue: 305,982,426 Shares not in public hands: 8.6%
SIGNIFICIANT SHAREHOLDERS
Michael O’Reilly 5.66%
James Finn 3.78%
Paul and Michelle Johnson 3.76%
John Teeling 5.55%
DIRECTORS OTHER INVESTORS
5
Gold & ZINC PROJECTS
Gold
Inishowen, Donegal
100% Arkle
Mine River,
Wicklow/Wexford border
100% Arkle
Zinc
Stonepark, Limerick
23.44% Arkle
76.44% Group Eleven
6
WHY IRELAND?
• Modern mining industry and world-class opportunities
• Zinc Majors Boliden, Glencore, South 32 and Teck all active
• Significant gold projects including Dalradian Resources
• Fraser Institute ranked 2nd Policy Perception Index
• Fraser Institute ranked 7th Investment Attractiveness
• Mining Journal World Risk Report 73/100
7IRISH ZINC
Mines Mt Zn+Pb%
Navan Tara 110.0 10.0
Lisheen 18.9 15.0
Silvermines 18.0 8.9
Tynagh 9.0 11.2
Galmoy 6.2 12.4
Resources Mt Zn+Pb%
Pallas Green 45.1 8.0
Tara Deep 18.2 9.2
Kildare 9.0 9.5
Stonepark 5.1 11.3
8STONEPARK ZINC
• 23.44% interest
• Maiden Independent NI43-101 Inferred Resource 5.1
Mt grading 11.3% combined (8.7% Zn and 2.6% Pb)
• Adjacent to Glencore’s Pallas Green Resource 45.1 Mt
grading 8 % combined Zn+Pb) – strategic location
• Relatively shallow deposit occurring at depths ranging
from 190m to 395m
• Spectacular grades - 5.40m of 25.0% zinc and 7.2%
lead at Stonepark North
• Drilling to begin again imminently
9STONEPARK ZINC
10STONEPARK ZINC
11STONEPARK ZINC
• Searching for Pallas Green feeder structure, potential for a ‘Tier-One’
zinc deposit
• Pallas Green Corridor linking Pallas Green/Stonepark deposits to
historic Carrickittle deposit (recent high grade drilling on neighbouring
PG West, 10.3m at 14.6% zinc)
>50mt
Resources
High grade
drilling
Additional
Targets
12STONEPARK ZINC
• ‘Kilteely hole’ interpreted as outer margin of potential new Irish-Type
zinc system
• Large scale – at least 1.6 kilometres laterally and 230 metres vertically
• Strong hydrothermal activity, including abundant pyrite (+/- marcasite)
and elevated zinc
13STONEPARK ZINC – DRILLING 2022
• Drill 6 holes
(~2,300m) across
entire block
• One step out hole at
Carrikittle North and
one step out at
Carrickittle West
• One step out hole at
Stonepark North
• Plus 3 short
exploratory holes
within the remainder
of the block
14STONEPARK ZINC – CARRICKITTLE NORTH
• 250m step
out from
Kilteely hole
• Proposed
750m deep
• Focused on
northern
portion of the
Carrickittle
propsect
15STONEPARK ZINC - CARRICKITTLE WEST
• 400m step out from
far western portion
of the Carrickittle
prospect
• Proposed 750m
deep
• Focused on
intensifying Black
Matrix Breccia
(associated with
zinc mineralisation)
16STONEPARK ZINC – STONEPARK NORTH
• 100m step out
hole from
previous drilling
• Proposed 400m
deep
• Focused on
northern portion
of the Stonepark
resource
17GOLD & ZINC IN IRELAND
Gold Zinc
• Dalradian-hosted targets gathering • 60 years’ history of major zinc mines
interest across Ireland and Scotland
• High grade orebodies with clean
• Six million ounce resource at metallurgy
Curraghinalt (Dalradian Resources)
at planning application stage • Majors Boliden, Vedanta, Anglo and
Lundin have operated mines in Ireland
• Galántas shipped first concentrates
• Boliden’s Tara mine at Navan
• Arkle Resources active on Mine developing new Resources at depth
River and Inishowen projects
• South32 optioned ground west of
• New entrants Kos of Turkey in JV Stonepark, Limerick
with Conroy Gold
18MINE RIVER GOLD
• 100% ARKLE, 15 km target trend
• Airborne geophysics, historic sampling data and drilling
• Tripled in scale following acquisition of former JV partner
• Drilled 16.1 g/t gold over 2 metres within 8m zone grading 4.53 g/t
1920
MINE RIVER GOLD
• New target generating approach – MEFFA
• New gold targets identified July 2020 west of discovery drilling cluster
• Follow-up and further exploration along the target strike undertaken
21MINE RIVER GOLD
• New target generating approach – MEFFA
• New gold targets identified July 2020 west of discovery drilling cluster
• 2021 drilling and trenching programme has identified gold in bedrock at
multiple new locations
22Visible Gold identified at 3
horizons in 21-TB-08
23Drill Highlights December 2021
Hole ID From (m) To (m) Width (m) Comment Au g/t
21-TB-05 12.60 13.40 0.80 broken quartz vein 4.69
21-TB-06 17.20 18.20 1.00 Quartz veining in shale 1.08
21-TB-06 20.10 21.10 1.00 Blue quartz veins in shale 2.62
21-TB-07 18.65 19.10 0.45 Quartz veining in shale 7.77
21-TB-07 56.30 56.90 0.60 Contact zone intrusion-shale. Veining 3.54
21-TB-08 127.90 128.40 0.50 Dark grey shale with quartz veins and sulphide 1.49
21-TB-08 145.40 149.40 4.00 Blue quartz vein zone, abundant sulphides 2.03
21-TB-08 147.40 147.90 0.50 Blue quartz vein zone, abundant sulphides 9.11
21-TB-08 146.90 147.90 1.00 Blue quartz vein zone, abundant sulphides 5.18
21-TB-09 53.90 54.40 0.50 Major blue quartz vein, pervasive and prominent arsenopyrite throughout 2.83
21-TB-09 52.40 54.40 2.00 Major blue quartz vein, pervasive and prominent arsenopyrite throughout 1.01
21-TB-11 34.00 35.50 1.50 Fault zone/oxidised zone 1.01
21-TB-11 37.50 38.00 0.50 Blue quartz vein with abundant arsenopyrite and tetrahedrite 51.60
21-TB-11 36.50 39.00 2.50 Fault zone/oxidised zone continued 12.13
21-TB-11 41.40 42.40 1.00 Blue quartz with arsenopyrite and tetrahedrite at upper contact 2.10
21-TB-11 57.90 58.90 1.00 Quartz veins in shale, oxidation 1.11
21-TB-11 59.60 60.10 0.50 Quartz veins in shale, oxidation 1.02
21-TB-11 78.10 78.60 0.50 Oxidised quartz vein in shale 1.90
21-TB-12 119.90 120.40 0.50 Quartz veins in shale with sulphides 2.58
21-TB-15 180.6 181.1 0.5 Contact zone mixing, with quartz, sulphides including arsenopyrite 1.47
21-TB-15 188 188.5 0.5 White and blue quartz veining in medium to coarse grained intrusive with large arsenopyrite crystals up to 1cm 2.53
21-TB-15 189.5 190 0.5 White and blue quartz veining in medium to coarse grained intrusive with large arsenopyrite crystals up to 1cm 1.10
21-TB-15 188 190 2 White and blue quartz veining in medium to coarse grained intrusive with large arsenopyrite crystals up to 1cm 1.24
21-TB-15 186 186.5 0.5 Quartz veins at contact zone 1.02
24MINE RIVER GOLD- Next Steps 2022
• Develop 3D model
• Acquire magnetic
and hyperspectral
data of core
• Analyse further core
• Generate quality drill
targets
• Expand XRF soil
survey along the
Gold Trend
25INISHOWEN GOLD
• 100% Arkle, Arkle first to drill gold in Donegal
• Targets are hosted in Dalradian rocks, 60km northwest of Curraghinalt
• 12 holes include 3.05m grading at 5.8g/t gold, 4.82 m at 5.48g/t and
14.25g/t gold over 0.5m
• Target structure between Arkle discovery and 1800’s lead/silver mine
26INISHOWEN GOLD
• Highly prospective target at intersection between newly identified
shear zone and Glentogher Fault
• Target lies between Arkle's Meeneragh gold discovery drill site and
the historic Glentogher Lead-Silver mine
• Combined strike length between historic mine and Meeneragh
discovery site is 5kms
• Recent detailed sampling refined the geological model
• Drilling planned Summer 2022
27Activity 2022: Summary
Q1
• Drilling at Stonepark (6 holes totallying 2,300m)
• Collect further data of drillcore at Mine River including
hyperspectral analysis and more geochemical data
Q2
• Analysis of Stonepark drill results
• 3D modelling of the Stonepark project
• 3D modelling of Mine River Gold project
• Collect further soil XRF data along the Gold Trend (Mine River)
28INVESTMENT CASE
• Low sovereign risk in an established mining jurisdiction
• Low corporate & operational costs with modest low-cost
exploration programmes and strategic JVs
• Early stage exploration success in an emerging gold territory
on two 100% owned projects
• High grade Maiden Resource and exciting exploration
potential at Stonepark Zinc Project
• $1,800/oz gold and robust zinc above $2,000/tonne
29ArkleResources.com
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