February 2018 162 Clontarf Road, Dublin 3, Ireland Ph: +353 1 833 2833 info@162group.com • MININ ING • INDUS DUSTRI TRIAL • OIL 1
The 162 strategy is to identify opportunities, create the project, work with partners and develop. Over 30 joint ventures with multinationals have been negotiated. Fifteen companies have been listed on the Stock Exchange. CURRENT OPERATIONS MINING Botswana Diamonds plc. – Listed on AIM February 2011. Late stage diamond exploration in Botswana and South Africa. 2011 Active Joint ventures with Alrosa (Russian National Diamond Company) and BCL of Botswana. Connemara Mining Company plc. – Listed on AIM. Gold and Zinc exploration in Ireland. Joint ventures with Teck Resources 2003 and Group Eleven Greenore Gold – unlisted gold explorer focused on Scotland, joint venture with Koza of Turkey. 2012 OIL Petrel Resources plc. – Listed on AIM 1995. Petrel Resources is an Oil exploration company offshore Ireland, Ghana and 1982 Iraq. Joint ventures with Woodside Offshore Ireland. Clontarf Energy plc. – Listed on AIM. Clontarf Energy is an oil and gas explorer with interests in Equatorial Guinea and 2011 Ghana. INDUSTRIAL VENTURES Great Northern Distillery – Second largest distillery complex in Ireland producing 6 million plus of single grain and malt. 2012 Norish – Controlled Temperature Warehouses. EARLIER BUSINESS VENTURES 2011 Hydrocarbon Exploration - Oil and gas producer/explorer in Bolivia and Ghana. Merged with Persian Gold and relisted as Clontarf Energy in April 2011. 2007 West African Diamonds plc - Sierra Leone and Guinea diamond and gold producer. Merged with Stellar Diamonds, AIM listed in 2009. 2005 Alternative Energy Resources - Ethanol supplier in Ireland. Dissolved and cash dividend paid. 2001 African Diamonds plc - Discovered the AK6 diamond deposit in Botswana. AIM listed 2004. Acquired by Lucara Diamonds of Canada in 2010 for $100m in shares. Now the highly profitable Karowe mine. 2004 Persian Gold - Copper-Gold explorer in Iran. Listed on AIM in 2005. Drilling prospects in the Lut desert. Merged into 2 Hydrocarbon Exploration in 2010.
EARLIER BUSINESS VENTURES Swala Resources - A sub Saharan gold explorer. Operations in Zimbabwe and Burkina Faso. Reversed into Concordia on 2000 the Toronto Stock Exchange January 2012. Now Kaizen Discovery listed in Toronto 1993 Minco - Silver in Mexico and Zinc explorer in Ireland and the UK. Quoted on AIM market in London. Pan Andean Resources – Certain assets sold February 2010 to Petrominerales of Canada. Listed 1995 AIM 1988 1987 Cooley Distillery - The first independent whiskey distillery set up in Ireland in 100 years. Sold in January 2012 to Beam/Suntory for $95m. 1987 ASA Resources- Gold/Nickel producer in Zimbabwe. Listed on AIM market in London in 1995. Originally African Gold. 1985 Irish Marine Oil - Took control of a failed offshore Ireland exploration company. Restructured it as a minerals explorer. It was acquired by Kenmare Resources. The shell was reacquired in 1993, rebuilt and restructured to become Minco. Kenmare Resources – London full list mining company operating in Mozambique. Acquired control of a failed exploration 1983 company in 1983 and rebuilt it as a mining company. Now world class titanium producer 1983 CountyGlen - Property company listed in London. Originally a large textile company restructured in the early 80's and sold in 1993. Conroy Petroleum – Conroy later called Arcon discovered a large zinc deposit in Ireland in 1995 and brought it on stream in 1985 1997. It was a fully listed UK stock exchange company until acquired by Lundin in 2005. Minquest Resources - Developed as a natural resource explorer. It was acquired by Conroy Petroleum in 1985. 1983 1983 Burmin Exploration - Irish based exploration company. Listed on AIM. Acquired by SIPA Resources in Australia which is listed. Ovoca Exploration - Gold Explorer in Russia. Listed on AIM 1983 3
BOTSWANA DIAMOND AMONDS S (AIM IM: : BOD) D) • Spin off from the successful sale of African Diamonds, the Licences in the Orapa Area of Botswana discoverer of the Karowe Diamond mine • AIM listed in 2011, Market Cap - £5.5 million • Operating in the Orapa and Gope areas of Botswana and the Marsfontein area of South Africa • BOD has a 50/50 joint venture with Alrosa, of Russia, using their specific technology in the Kalahari. The target is large high value kimberlite pipes • 15 licences in the JV. Active 2018 campaign - BOD operate • Separately, BOD has a net 15% carried interest in 10 licences in the Gope area of Botswana in the Kalahari. The blocks are operated by BCL. Drilling , in 2015, found kimberlites containing diamonds. Verification drilling conducted by BOD has found diamonds • Thorny River – Drill results show 40 to 70 cpht. Late stage ventures on kimberlite dykes. 7km strike with targets for “blows. MINI NING WWW.BOTSWANADIAMONDS.COM 4
BOTSWANA DIAMOND AMONDS S (AIM IM: : BOD) D) Licences in the Kalahari Both Alrosa and BCL Joint Ventures 4 Kimberlites with diamonds MINI NING WWW.BOTSWANADIAMONDS.COM 5
BOTSWANA DIAMOND AMONDS S (AIM IM: : BOD) D) Vutomi Flagship Project – Thorny River Deal • BOD is paying a total of 100 million shares and £942,000 in cash to acquire 72% of Vutomi structured over 27 months as an Earn In • The flagship project is Thorny River • A strike length of 1.2km of a 7km kimberlite dyke/blow system is currently being assessed. The drill results indicate a high degree of continuity of the system with inclined percussion drill intersections of between 1-17m. • Estimated grade 40 to 70 cpht. Diamond values up to $200 plus T HORNY R IVER • The Marsfontein blow was 0.4Ha in size, produced 1.9M carats with an average grade of 172cpht and diamond value of $128/ct (BCOS +1.2mm). The return on the $25M investment was achieved in 4 days. The mine was operated by a De Beers / SouthernEra JV. • The Klipspringer Mine owned by ASA Mining plc is currently on care and maintenance and has an Inferred Resource of 3.4M tonnes and an Indicated Resource of 0.7M tonnes, both with a grade of 49cpht and diamond value of $130/ct (BCOS +1mm) MINI NING WWW.BOTSWANADIAMONDS.COM 6
CONN NNEMAR EMARA A MINING G (AIM IM:C :CON ON) • AIM listed – Market Cap £3.3 million Established to exploit and develop zinc and gold opportunities in Ireland, 40 licences • 5 gold licences in Wicklow. Drill results promising. Grade of 16.1 g/t over 2 metres • A good gold discovery on the Inishowen block in Donegal. Gold bearing veins discovered. • Significant zinc discovery at Stonepark near Limerick – 3 zones, 2 km apart. Group Eleven JV. Connemara holds 23% • Oldcastle block joint ventured with Teck Cominco who are spending € 1.35m to earn 75%. Deep drilling (800 metre) found zinc mineralisation traces MINI NING WWW.CONNEMARAMINING.COM 7
CONN NNEMAR EMARA A MINING G (AIM IM:C :CON ON) J OINT V ENTURE A GREEMENTS Zinc JV in Oldcastle, Teck spending € 1.35 m to earn a 75% interest, have earned 65%. Targets are deep up to 800 metres. First three holes found zinc mineralisation traces. Their earn in will be completed in 2018 with the drilling of 4 holes Zinc Significant zinc discovery in Stonepark. Over 130 holes drilled to date and € 7 m spent. Group Eleven propose to spend $1 m in 2018 MINI NING WWW.CONNEMARAMINING.COM 8
CONN NNEMAR EMARA A MINING G (AIM IM:C :CON ON) Wicklow – Location and Background • Original exploitation by artisanal miners from 1720 • Advanced stage project. High grade gold discovered in Tom Breen and Knocknalour – 3 km apart • 2017 hole on Tom Breen produced 16 g/t over 2 metres • 2018 drilling on both target areas MINI NING WWW.CONNEMARAMINING.COM 9
CONN NNEMAR EMARA A MINING G (AIM IM:C :CON ON) Inishowen Licences: Gold • Exploration on Inishowen found gold bearing veins • Drilling extended the length, width and depth of the veins • Best results 3m at 05.6g/t • Extensive geochem, geophysics and drilling have identified drill ready targets MINI NING WWW.CONNEMARAMINING.COM 10
CONN NNEMAR EMARA A MINING G (AIM IM:C :CON ON) Limerick Area: Group Eleven JV: Zinc/Lead on Stonepark/Monaster • Comprises of six connecting licences in County Limerick • 23.4% owned by the Company, 76.6% owned by Group Eleven € 7.1m spent to date • Located 2km away from the Glencore Pallas Green zinc discovery • Three significant zones of zinc mineralisation, all of which remain open: – Stonepark – including 4m at 11.62% Zn & 3.46% Pb – Stonepark North – 7.45m at 19.25% Zn/ 8.52% Pb – Stonepark West - 2.5m at 4.16% Zn/ 4.37% Pb • A total of 135 holes drilled to date on Stonepark • Many open target areas • Group Eleven propose to spend $1 m in 2018. Connemara • Glencore latest Inferred Resource in Pallas Green at will participate 42Mt @ 8% Zn+Pb MINI NING WWW.CONNEMARAMINING.COM 11
CONN NNEMAR EMARA A MINING G (AIM IM:C :CON ON) Oldcastle Block – Zinc Target (Teck Joint Venture) • Geologically and structurally analogous to the setting of the > 100 Mt Tara Mine just 20 km to the east • Target areas refined by exploration over the last two years by operators Teck • Teck spending a total of € 1.35 million to earn 75% • Interesting results from three first holes, 90 metres of elevated sulphides, up to 3.7% zinc grades over short distances • Four holes expected to be drilled in 2018 MINI NING WWW.CONNEMARAMINING.COM 12
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