Announcement • Apr 18
Group Eleven to Mobilise A Rig At Stonepark Zinc Project Imminently for Four-Hole, 2,700 M Drill Programme Phase Arkle Resources PLC announced that Group Eleven Resources Corp. is mobilising a drill rig to the Stonepark Zinc Project (Arkle: 22.36%) this week. A four-hole drill programme totalling 2,700 m is planned, comprising: one hole at the Stonepark deposit (5.1 Mt grading 11.3% combined Zn and Pb (8.7% Zn, 2.6% Pb), testing beneath known Zn-Pb mineralisation for possible Cu mineralisation; one hole at the Kilteely prospect; and two holes at or near the Bruff prospect. One hole (25-449-04) was drilled late last year at the Bruff prospect to a depth of 480 m. This hole tested the base of the Waulsortian Limestone near a suspected fault structure. A significant zone of blocky calcite was intersected from 194 m to 200 m with a brecciated lower contact, while minor disseminated pyrite was observed in the 10 m above the base of the Waulsortian Limestone at 445 m. While assays (recently received by Group Eleven) did not return anomalous grades, Group Eleven considers the hole is encouraging as it shows a geological environment prospective for Irish-type zinc mineralisation (i.e. calcite zones, brecciation and sulphides). This imminent four-hole programme is part of an expanded Stonepark drilling programme of approximately 15,500 m, as announced by Group Eleven on 12 March 2026. In prioritising current exploration capital towards the Company's Namibia uranium projects, Arkle has elected not to participate in funding this particular phase of Stonepark drilling. As a result, Arke's interest in Stonepark is estimated to decrease fractionally from 22.36% to 21.38% (subject to cost actuals after fieldwork completion). Arkle retains the option to participate financially in the rest of the drilling programme to maintain its equity position. Group Eleven intends to provide further information on this programme later this year. Stonepark is formed of five contiguous prospecting licences covering an area of 148 km² and is adjacent to Glencore's Pallas Green zinc project, one of the world's largest undeveloped zinc-lead deposits at 45.4 Mt. Stonepark has an Inferred Mineral Resource of 5.1 Mt grading 11.3% combined Zn and Pb (8.7% Zn, 2.6% Pb) - and the deposit remains open along and across strike. It is higher grade and shallower (190-395 m depth) than the neighbouring Pallas Green deposit (8.4% Zn+Pb). Ireland is ranked number one in the world for zinc discovered per square kilometre. It is home to some of the world's largest and highest-grade zinc deposits, including Tara (120 Mt+ mined since 1977, Europe's largest zinc mine), Lisheen (22.3 Mt at 11.7% Zn), and Galmoy (8Mt at 12% Zn). Six zinc mines have been permitted and operated over the past 60 years, and every major Irish zinc discovery has been profitably mined. Majors active in Ireland include Boliden and Glencore. The joint venture's thesis is that the Carrickittle area within the Stonepark project may host a "mirror image" of the mineralising system that created Glencore's adjacent Pallas Green deposit on the opposite side of the Limerick Volcanic Complex. In 2022, drilling at Carrickittle West intersected the first major fault structure directly drilled in the Limerick region - a fault with 150 m of vertical displacement and zinc mineralisation on both sides. Three follow-up holes were drilled on Stonepark ground in late 2024, totalling 1,372 m at depths of 350-550 m. Results released in 2025 demonstrated proximity to strong mineralisation. Group Eleven's recent focus has been on nearby exploration at its Ballywire prospect (on a wholly owned Group Eleven licence, southeast of Stonepark) indicating high-grade Zn-Pb-Ag mineralisation over a 2.6 km trend that remains open in all directions. Building on the above geological observations, Group Eleven is mobilising a rig to Stonepark this week, supplementing the four rigs operating at its nearby Ballywire prospect. Recent Insider Transactions Derivative • Mar 15
Board Member exercised options to buy CA$1.2m worth of stock. On the 12th of March, Michael Gentile exercised options to buy 1m shares at a strike price of around CA$0.15, costing a total of CA$182k. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. Since June 2025, Michael's direct individual holding has increased from 36.73m shares to 38.59m. Company insiders have collectively bought CA$310k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Mar 12
Group Eleven Resources Corp. announced that it has received CAD 10.4355 million in funding from Glencore Canada Corporation On March 11, 2026, Group Eleven Resources Corp. closed the transaction. The company issued 13,334,250 common shares at a price of CAD 0.90 for gross proceeds of CAD 12,000,825 as part of the offering and issued additional 1,739,250 Common Shares at a price of CAD 0.90 for gross proceeds of CAD 1,565,325 as part of exercised agent's option. In connection with the Offering, the Company paid the Underwriters an aggregate cash commission of CAD 468,139.50. A director of the Company (the “Insider”) acquired Common Shares pursuant to the Offering. 
