Irish Gold & Zinc Jan 2022 - Arkle Resources PLC

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Irish Gold & Zinc Jan 2022 - Arkle Resources PLC
Irish Gold & Zinc

                    Jan 2022
Irish Gold & Zinc Jan 2022 - Arkle Resources PLC
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
(all such persons together being referred to as "Relevant Persons"). In consideration of the receipt of the presentation each
recipient warrants and represents that he or it is a person falling within that description. Delivery of this information to any
other person or reproduction, in whole or in part, without the prior consent of Arkle Resources PLC is prohibited.

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
and persons into whose domain this document comes should inform themselves about, and observe, any such restrictions.
Any failure to comply with these restrictions may constitute a violation of laws of any such other jurisdictions.

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Irish Gold & Zinc Jan 2022 - Arkle Resources PLC
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
Irish Gold & Zinc Jan 2022 - Arkle Resources PLC
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
Irish Gold & Zinc Jan 2022 - Arkle Resources PLC
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
Irish Gold & Zinc Jan 2022 - Arkle Resources PLC
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
Irish Gold & Zinc Jan 2022 - Arkle Resources PLC
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

                                                                7
IRISH 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

                                   8
STONEPARK 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

                                                           9
STONEPARK ZINC

                 10
STONEPARK ZINC

                 11
STONEPARK 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

                                                                                12
STONEPARK 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

                                                                                13
STONEPARK 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

                                       14
STONEPARK ZINC – CARRICKITTLE NORTH

• 250m step
  out from
  Kilteely hole

• Proposed
  750m deep

• Focused on
  northern
  portion of the
  Carrickittle
  propsect

                                        15
STONEPARK 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)

                                       16
STONEPARK ZINC – STONEPARK NORTH

• 100m step out
  hole from
  previous drilling

• Proposed 400m
  deep

• Focused on
  northern portion
  of the Stonepark
  resource

                                    17
GOLD & 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

                                                                                       18
MINE 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

                                                                          19
20
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

                                                                               21
MINE 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

                                                                               22
Visible Gold identified at 3
horizons in 21-TB-08

                               23
Drill 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

                                                                                                                                                             24
MINE 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

                                         25
INISHOWEN 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

                                                                            26
INISHOWEN 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
                                                                        27
Activity 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)

                                                                      28
INVESTMENT 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

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