Group Ten Metals  (TSX.V:PGE)  Investor Overview

Overview

The push for a greener financial system has led the American and Canadian governments to establish greater than 30 minerals as important commodities. The US authorities has known as for the event of an area provide chain of sure important minerals –– together with battery and platinum-group metals –– which are wanted to satisfy the surging demand from inexperienced power wants.

In the case of sourcing battery and platinum group metals, one kind of deposit stands out as a key goal. Platreef-style deposits are huge in scale and have disseminated nickel and copper sulfide mineralization that’s enriched with platinum-group parts (“PGE”), gold, chrome, and extra. These happen stratigraphically beneath the high-grade reef-style deposits usually related to South African PGE mines that are the dominant world supply of platinum group metals. Whereas these reef deposits are slim and require high-cost selective mining strategies, the huge widths of Platreef-style deposits are amenable to low-cost bulk tonnage mining strategies, leading to a lot decrease working prices. For instance, Ivanhoe Mines’ (TSE:IVN) Platreef mine in South Africa is anticipated to be one of many largest and lowest value platinum-group metals mines on the planet at greater than 1.1 million ounces of palladium, platinum, rhodium and gold manufacturing per 12 months. Anglo American’s large Mogalakwena mine and Platinum Group Metals’ Waterberg mission deliver the whole endowment of the Platreef to over 400Moz PGEs, and tens of billions of kilos of nickel and copper, plus different minerals.

As we speak, Ivanhoe Mines’ Platreef mine has an indicated mineral useful resource estimate of 42 million ounces of platinum, palladium, rhodium, and gold, plus 3.66 billion kilos of nickel and copper, in a compelling and enticing mixture of battery and platinum group metals that’s comparatively uncommon. A growth-stage exploration firm that shares this Platreef deposit fashion in a politically steady jurisdiction just like the US would current an thrilling alternative for traders, notably in mild of the federal authorities’s quest to safe home provide of those important parts.

Group Ten Metals (TSXV:PGE, OTCQB:PGEZF, FWB:5D32) is a Canadian mineral exploration firm centered on advancing its large-scale flagship Stillwater West platinum, palladium, nickel, copper, cobalt and gold mission in Montana, USA. The mission is situated within the iconic Stillwater Complicated of Montana, USA, a uncommon world-class magmatic system that’s geologically just like the Bushveld Complicated in South Africa which hosts the Flatreef, Mogalakwena and Waterberg deposits in addition to quite a few high-grade platinum deposits inside the Merensky and UG2 reefs. Equally, the Stillwater district hosts Sibanye-Stillwater, presently working the world’s highest grade PGE mines alongside the analogous J-M reef, in addition to Group Ten’s Stillwater West mission.

Dr. David Broughton, former Chief Geologist for Ivanhoe Mines and co-recipient of AME BC’s 2016 Colin Spence Award for Excellence in World Mineral Exploration for Ivanhoes’ Flatreef discovery said in 2018 that “the popularity of a Platreef setting within the Stillwater district is an thrilling improvement.”

In October 2021, Group Ten introduced an inaugural NI 43-101 mineral useful resource estimate for the Stillwater West mission which delineated a complete of 1.1 billion kilos of nickel, copper and cobalt with 2.4 million ounces of palladium, platinum, rhodium and gold. The useful resource estimate was carried out in a constrained mannequin totaling 157 million tonnes at a mean grade of 0.45 % whole nickel equal (equal to 1.20 g/t palladium equal) utilizing a 0.20 % nickel equal cut-off grade.

The preliminary useful resource estimate relies on 5 deposits inside probably the most superior 9-kilometer core mission space, lower than one-third of the mission’s general strike size. The corporate sees wonderful continuity and growth potential and is focusing its efforts on increasing the inaugural assets inside the core space whereas additionally advancing earlier stage targets throughout the 32-kilometer span of the mission, which covers the identical extremely potential magmatic stratigraphy because the core space.

Group Ten accomplished its largest exploration program to this point in 2021, with drill outcomes anticipated to kind the idea of an up to date 43-101 useful resource estimate within the first half of 2022. Assays from the primary two holes of the 14-hole marketing campaign had been introduced in December and included the widest high-grade mineralized intercepts ever seen at Stillwater West. These first outcomes had been highlighted by 63.7 meters of 0.92 % nickel equal (2.46 g/t palladium equal) on the CZ deposit and 728 meters of steady sulphide mineralization at 0.27 % NiEq, or 0.73 g/t PdEq on the Chrome Mountain goal, which included contained intervals of successively larger grades.

Assays from the remaining 12 holes are anticipated to be introduced over Q1 2022, adopted by publication of an up to date 43-101 useful resource estimate.

The corporate is led by a succesful administration staff with greater than 100 years of company and exploration expertise with junior and main firms. Group Ten Metals’ exploration and improvement staff has in depth expertise in top-tier districts such because the Stillwater and Bushveld districts.

Group Ten Metals holds further district-scale secondary property which it’s looking for to monetize. The corporate lately introduced an earn-in deal on its Black Lake-Drayton mission, a high-grade gold mission situated in Ontario, Canada. Black Lake-Drayton is located within the Wet River gold district which hosts main mines and tasks in an space that has expanded quickly for the reason that Nineties together with a number of latest discoveries. The Black Lake-Drayton mission adjoins Treasury Metals’ (TSX:TML) lately consolidated Goliath Gold complicated with greater than 3 million ounces of gold. The mission is situated in the identical greenstone belt as New Gold’s (TSX:NGD) Wet River mission which has greater than six million ounces of gold, and is roughly 100km south of Nice Bear’s Dixie gold mission.

The corporate’s Kluane Ni-Cu-PGE mission in Canada’s Yukon Territory positions Group Ten with the biggest land place within the Kluane Mafic-Ultramafic Belt, a big magmatic system that extends via the Yukon from northern British Columbia to central Alaska that hosts plenty of PGE-Ni-Cu deposits. The Kluane mission properties are every inside 15km of the Alaska Freeway and located on development with, and south of, the Nickel Shaw (previously Wellgreen) deposit, one of many largest undeveloped PGE-Ni-Cu tasks in North America at 6 Moz of Pt+Pd+Au and three Blbs of Ni+Cu in M&I assets and an extra 2 Moz of Pt+Pd+Au and 1 Blbs of Ni+Cu in Inferred assets. Though earlier stage than the corporate’s flagship Stillwater West mission, the Kluane mission reveals wonderful potential with huge sulfide mineralization returning as much as 3.1 g/t of platinum, 1.4 g/t of palladium, 1.0 g/t of gold, 3.1 % of nickel, 2.8 % of copper and 0.2 % of cobalt on the Spy declare block. Farther south, the Extremely declare block has trenching outcomes of as much as 5.5 g/t of platinum, 13.5 g/t of palladium, 0.5 g/t of gold, 4.1 % of copper and 1.7 % of nickel from an ultramafic sill.

The corporate is presently assessing and evaluating monetization methods for the Kluane mission.

Firm Highlights

• Group Ten Metals has the second-largest landholding within the Stillwater Complicated in Montana, USA, adjoining to Sibanye-Stillwater’s mine complicated.
• The corporate’s 100%-owned flagship Stillwater West mission is district-scale in measurement, overlaying a uncommon and world-class magmatic system that hosts 5 minerals which are listed as important by the US authorities.
• The Stillwater West mission options Platreef-style deposits of battery and treasured metals with distinctive growth potential, and in addition high-grade gold.
• Stillwater West has a major inferred NI 43-101 mineral useful resource estimate of two.4 million ounces of palladium, platinum, rhodium and gold in addition to 1.1 billion kilos of nickel, copper and cobalt.
• Group Ten Metals lately introduced a deal whereby Heritage Mining could earn a 90% curiosity within the firm’s Black Lake-Drayton gold mission within the prolific Wet River gold district in Ontario, Canada, by assembly particular exploration, improvement, and fee necessities.
• The corporate’s wholly-owned Kluane mission is a district-scale, extremely potential platinum-group ingredient, nickel and copper mission situated beside one of many largest undeveloped PGE-Ni-Cu deposits on the planet within the Kluane mafic-ultramafic belt in Yukon, Canada.
• Group Ten Metals’ exploration and improvement staff has in depth expertise in top-tier districts such because the Stillwater and Bushveld districts.
• The corporate is effectively capitalized and absolutely permitted, with no debt.

The flagship Stillwater West mission has demonstrated assets of nickel, copper, palladium, platinum, gold, chromium, cobalt, gold, and rhodium, and is situated within the state of Montana in the USA of America. At 61 sq. kilometers, the property is a district-scale asset that covers the decrease Stillwater Igneous Complicated adjoining to Sibanye-Stillwater Ltd.’s mine complicated that features three mines plus additionally concentrator, smelter, and refinery operations. The Stillwater Igneous Complicated is a big layered magmatic system that’s geologically just like the Bushveld Igneous Complicated in South Africa. For instance, Sibanye-Stillwater’s J-M Reef deposit – the highest-grade main PGE deposit on the planet, and the biggest outdoors of South Africa and Russia – is situated in the identical stratigraphic location as the nice reef-type mines within the Bushveld Igneous Complicated. The enormous mines of the Platreef are situated stratigraphically beneath these reef-type deposits, therefore Group Ten’s deal with the decrease portion of comparable layered magmatic geology in Montana.

Group Ten’s dedication paid off when it debuted an inaugural NI43-101-compliant mineral useful resource estimate of Platreef-style mineralization in October 2021 on the wholly owned mission, proving its “Platreef-in-Montana” mannequin. The bottom case mineral useful resource estimate consists of 157 million at 0.45 % nickel equal, or 1.20 palladium equal, for contained steel of 694 million kilos of nickel, 347 million kilos of copper, 69 million kilos of cobalt, 758,000 ounces of platinum, 1,314,000 ounces of palladium, 61,000 ounces of rhodium and 303,000 ounces of gold. The mission additionally options a number of kilometer-scale targets with wonderful potential to increase the mission’s current assets into untested adjoining areas as guided by a number of coincident anomalies proven in geophysical and geochemical surveys, and a database of greater than 100 drill holes that lie outdoors of the useful resource areas.

Regardless of its location in a traditionally productive and famously metal-rich US district, the mission is taken into account underexplored. Group Ten’s systematic method has now demonstrated the potential of the mission to host each scale and grade, and the corporate believes that the present assets have distinctive growth potential. Group Ten Metals expects to have full outcomes from the remaining 12 holes drilled as a part of its 2021 useful resource growth drill marketing campaign by February 2022 and plans to replace its inaugural useful resource estimates as quickly as attainable after that. Further catalysts embrace potential agreements on secondary property, and updates on ESG and metallurgy work, together with the potential to include carbon sequestration at Stillwater West. Group Ten Metals will proceed to leverage its substantial database and predictive geological mannequin at Stillwater West to keep up its low value of discovery and advance the asset in a well timed method.

Kluane

The fully-owned Kluane mission has demonstrated platinum-group parts, nickel and copper mineralization and is situated in Yukon in Canada. The mission is accessible by freeway. The property is situated within the Kluane mafic-ultramafic belt that hosts recognized platinum-group parts, nickel and copper deposits. The belt is residence to the multi-million-ounce Wellgreen deposit which is without doubt one of the largest platinum-group parts, nickel and copper tasks in North America. The Kluane mission options related geology to the biggest recognized platinum-group, nickel and copper deposits, together with the Bushveld and Stillwater complexes.

The Kluane mission consists of the Spy, Extremely and Catalyst properties. The Spy property adjoins to and is on development with Nickel Creek Platinum’s superior Nickel Shaw platinum-group ingredient and nickel mission. The Spy property has huge sulfide mineralization with assays as much as 3.1 g/t of platinum, 1.4 g/t of palladium, 1.0 g/t of gold, 3.1 % of nickel, 2.8 % of copper and 0.2 % of cobalt. The Extremely property has trenching outcomes of as much as 5.5 g/t of platinum, 13.5 g/t of palladium, 0.5 g/t of gold, 4.1 % of copper and 1.7 % of nickel from an ultramafic sill.

The corporate is presently within the strategy of assessing and evaluating monetization methods for the Kluane mission. Group Ten Metals additionally plans to conduct floor exploration to increase the recognized mineralization and refine the targets on the property.

Black Lake-Drayton

The Black Lake-Drayton mission is a high-grade gold mission situated in Northwestern Ontario in Canada. The 137-square-kilometer property is located within the Wet River gold district which hosts greenstone belts, main mines and tasks. The mission is accessible by street and is close to rail and energy. The Black Lake-Drayton mission adjoins Treasury Metals Inc.’s lately consolidated Goliath Gold complicated which hosts greater than three million ounces of gold. The mission can also be situated close to New Gold Inc.’s Wet River mission which has greater than six million ounces of gold.

The Black Lake-Drayton mission has high-grade gold demonstrated in a 127-hole database and historic bulk samples. Nonetheless, the mission is taken into account comparatively underexplored and has seen little systematic exploration throughout its 30-kilometer size. Of explicit be aware, it has not seen the applying of geologic fashions developed extra lately elsewhere in the identical Archean greenstone belt, which is now hosts over 14 million ounces of high-grade gold and is residence to a number of latest discoveries. Archean greenstone belts host among the world’s largest and highest-grade gold mines, together with the world-class Crimson Lake mines.

In November 2021, Group Ten Metals signed a definitive settlement that granted Heritage Mining the correct to earn as much as a 90 % curiosity within the mission. To finish the earn-in, Heritage Mining should full funds of seven.2 million shares and $320,000 in money, exploration work of $5 million, and grant Group Ten Metals a ten % carried curiosity via to a feasibility research. Group Ten additionally positive aspects as much as $10 million in discovery bonuses at $1 per ounce of gold or gold equal.

Heritage Mining has superior 4 precedence goal areas at Black Lake-Drayton that present potential for multi-million-ounce high-grade gold deposits, along with different compelling earlier-stage targets.

Michael Rowley – President, CEO and Director

Michael Rowley has over 25 years of govt expertise within the exploration, mineral processing and mine environmental industries. Rowley’s expertise consists of capital markets, acquisitions, mission improvement, administration and exploration operations. Rowley is a co-founder of Group Ten Metals in addition to a director. Rowley is presently lively in different publicly-traded firms, together with Granite Creek Copper and Bravada Gold, and can also be an officer of Sierra Mountain Minerals Inc.

Gregory Johnson – Govt Chairman

Gregory Johnson has 30 years of expertise within the mining trade with a document of success in exploration, improvement and financing of large-scale base and treasured metals tasks. Johnson has seen these tasks from the invention stage via superior financial evaluation. Johnson has experience within the exploration of platinum group parts, gold, silver, nickel and copper. Johnson has developed broad expertise within the capital markets. He has been concerned in elevating over $650 million in mission financing for his firms. He has additionally constructed shareholder bases and secured the participation of main institutional traders for these firms.

He started his profession with Placer Dome Inc. (now Barrick Gold Corp.) the place he held numerous senior roles in home and worldwide exploration. Johnson is without doubt one of the founders of NovaGold Sources. Johnson was additionally a co-recipient of the PDAC’s Thayer Lindsay Worldwide Discovery Award for his function within the discovery and development of the 40-million-ounce Donlin Creek gold deposit in Alaska. As President and CEO of South American Silver and Wellgreen Platinum, Johnson led the numerous growth and development of a number of main treasured and base steel deposits. He presently serves as chairman and CEO of Metallic Minerals Corp. which is a number one silver explorer within the Yukon Territory.

Johnson has additionally been acknowledged for his work in sustainable improvement and neighborhood engagement. Johnson was awarded the Robert E. Leckie Award by the Yukon authorities for excellence in environmental stewardship. Johnson holds an Honors Bachelor of Science in Geology from Western Washington College.

Gregor Hamilton – Director

Gregor Hamilton has 25 years of expertise within the mining sector as a geologist, funding banker and entrepreneur. Hamilton started his profession in mineral exploration in South America. Hamilton later labored for 11 years in funding banking in London and Sydney the place he specialised in structured finance and M&A. Since 2010, Hamilton has been concerned within the acquisition and improvement of mineral properties inside each private and non-private useful resource firms.

Hamilton has a Bachelor of Science in Geology from the College of Edinburgh and a Grasp of Science in Mineral Challenge Appraisal from the Royal College of Mines at Imperial Faculty in London, UK. He additionally serves on the board of Metallic Minerals Corp.

Gordon Toll – Impartial Director

Gordon Toll is a mining engineer with over 50 years of world mining trade expertise as an entrepreneur and developer of huge mining operations. His distinguished profession within the mining trade has additionally concerned acquisitions and new enterprise improvement, startups and public firm management. Toll’s senior management positions with main firms embrace industrial and technical govt positions with BHP Billiton, Rio Tinto, Atlantic Richfield and Texasgulf. He was additionally a founding father of Ferrous Sources in Brazil which is now a subsidiary of Vale. Toll was additionally the deputy chairman of Ivanhoe Mines and the chairman of Fortescue Metals Group.

Toll is acknowledged for his fund-raising and mine-building skills for large-scale useful resource trade tasks around the globe. He has been instantly concerned with elevating over US$5 billion throughout his profession. At the moment, he manages personal funding firms similar to Braemar Infrastructure Pty Ltd. Braemar Infrastructure Pty Ltd. has acquired main improvement standing from the South Australian Authorities and is proposing a multi‐function infrastructure hall for the Braemar Area.

Toll is a mining engineering graduate from the College of Queensland. Toll additionally holds a Grasp’s diploma in Enterprise Science from Columbia College.

Dr. Craig Bow – Senior Geological Advisor

Dr. Craig Bow has over 40 years of worldwide mining expertise throughout all phases. Dr. Bow’s expertise consists of key contributions to the development of Sibanye-Stillwater’s PGE mines from preliminary exploration via to a optimistic manufacturing choice. He’s a acknowledged professional on world PGE-Ni techniques. Dr. Bow was additionally a part of the staff accountable for the multi-million-ounce Arctic Platinum partnership between Gold Fields Ltd. and Outokumpu in Finland. He was previously the exploration supervisor of North America for Gold Fields. He has additionally led quite a few technical packages for Cyprus Amax, Newcrest and AngloGold Ashanti. Dr. Bow holds a Ph.D. in Geology from the College of Oregon. He’s a Certified Particular person with the American Institute of Skilled Geologists and a member of the Society of Financial Geologists.

Mike Ostenson – Challenge Supervisor, Geologist and QP

Mike Ostenson has in depth expertise in exploration, mine improvement and mining within the Stillwater Complicated. This expertise consists of the roles of vp of exploration and Certified Particular person at Premium Exploration. Ostenson’s former roles additionally embrace exploration geologist at Beartooth Platinum, gold mine geologist at AngloGold and ore grade management geologist at Stillwater Mining Firm. Ostenson has a Bachelor of Science in Earth Sciences from Montana State College.

Justin Modroo – Challenge Geophysicist

Justin Modroo has 20 years of mineral exploration expertise. Modroo’s was a geophysical marketing consultant with Premium Exploration and Beartooth Platinum within the Stillwater Complicated. Modroo additionally has expertise with different North American exploration tasks. Modroo has in depth first-hand data of the geology and geophysical traits discovered on the Stillwater Complicated in addition to the historic mission information. Modroo has a Bachelor of Science diploma in Geophysical Engineering and a Masters of Science in Geophysics from the Colorado College of Mines.

Harry Burgess – Mining and Mine Engineering Advisor

Harry Burgess has greater than 40 years of expertise in administration and mine engineering. Burgess held senior positions with Anglo-American and different firms in Zambia and South Africa. Burgess can also be the co-founder of Micon Worldwide Restricted.

Brian Cloney – Finance Advisor

Brian Cloney has over 35 years of expertise in public accounting and monetary consulting with a specific deal with the mining sector. Cloney has held the function of chief monetary officer with a number of publicly-traded useful resource firms. Cloney was a director of Group Ten Metals from March 2014 to June 2016.

Garth Kirkham – Geology and Mining Advisor

Garth Kirkham has over 34 years of expertise within the mineral exploration trade as a board member, chief and geoscientist. He has quite a few skilled designations and awards for his work. Kirkham heads Kirkham Geosystems Ltd. and was a founding director of Group Ten Metals.

Douglas Warkentin – Processing and Metallurgy Advisor

Douglas Warkentin is a metallurgical and course of improvement marketing consultant with over 30 years of expertise within the mining and mineral processing industries. Warkentin is presently the senior metallurgist at Kemetco Analysis Inc. in Richmond, British Columbia. He has carried out mineral processing, hydrometallurgy, mine water remedy and useful resource restoration on a broad array of base, treasured and high-tech metals tasks for worldwide purchasers. He was a co-founder of Group Ten Metals and served on the corporate’s board till July 2014.

Rebecca Moriarty – Chief Monetary Officer

Rebecca Moriarty is a Chartered Skilled Accountant with over 20 years of expertise within the mining trade. Her background features a distinctive mixture of technical and enterprise accounting experience. She acquired a level in Geology from Queens College and a CPA designation. Moriarty is supported by the Malaspina Consultants staff which is a Vancouver-based monetary consulting and advisory agency staffed with extremely skilled accounting personnel. Earlier than becoming a member of Malaspina, Moriarty labored with PricewaterhouseCoopers LLP the place she was a supervisor working solely with useful resource firms.

Chris Ackerman – VP Company Growth

Chris Ackerman is a graduate of the UBC College of Regulation. Ackerman has in depth expertise in each authorities and personal trade, together with 5 years as senior supervisor of company communications with Wellgreen Platinum and senior enterprise improvement advisor with the Yukon Ministry of Financial Growth. He’s presently additionally senior administration at Group Ten’s peer firms within the Metallic Group, being Metallic Minerals Corp. and Granite Creek Copper.