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Group Ten Metals Inc.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 904 – 409 Granville Street
Vancouver, BC
Canada V6C 1T2
Tel No.: (604) 357-4790
Fax No.: (604) 648-8573
Toll Free No.: 1 (888) 432-0075
Web Site: www.grouptenmetals.com
E-mail: info@grouptenmetals.com
Contact Person: Chris Ackerman
Position: Sr. Manager – Corp. Comms & IR


Company Data

Traded Market: TSX-V / US OTC
Traded Symbol: PGE / PGEZF
Outstanding Shares: 45 million
Public Float: 15 million
52 Week High: $ 0.28
52 Week Low: $ 0.09
Present Price: Click Here


Introduction

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Group Ten Metals Inc. is a Canadian mineral exploration company focused on the development of high-quality platinum, palladium (PGE), nickel, copper, cobalt and gold assets in top North American mining jurisdictions. The Company’s core project is the Stillwater West PGE-Ni-Cu-Co project adjacent to Sibanye-Stillwater’s high-grade Pd-Pt mines in Montana, USA. Group Ten also holds the Kluane PGE-Ni-Cu project adjacent to Nickel Creek Platinum’s Wellgreen deposit in the Yukon Territory, Canada and the Black Lake-Drayton high-grade gold project in the Rainy River district of northwest Ontario.


Projects in Hand

Stillwater West PGE-Ni-Cu-Co Project, Montana, USA (100%-owned)
Highly-prospective brownfields district with potential for world-class PGE-nickel-copper-cobalt discoveries

  • Group Ten has a 100% interest on over approximately 54 sq. km property directly adjacent to Sibanye-Stillwater’s high-grade PGE mines. These three neighbouring mines are situated on the J-M Reef, the highest grade PGE deposit in the world which hosts the largest resources outside of Russia and South Africa with resources of 31.3 Moz Pd+Pt at 17.0 g/t (Measured & Indicated) and 49.4 Moz Pd+Pt at 16.6 g/t (Inferred)
  • The Stillwater Complex is a 2.7B-year-old layered intrusive mafic-ultramafic complex with geology similar to South Africa’s Bushveld Complex, the primary source of all mined platinum, globally
  • The Stillwater West project features excellent existing road access and power infrastructure with three operating mines in the Stillwater district
  • Work to date at Stillwater West has delineated two broad target deposit types:
    • Classic High-Grade “Reef-Type” PGE-Ni-Cu deposits typical of the J-M Reef in Montana and the highly-prolific Merensky Reef in South Africa which hosts the majority of the world’s largest platinum mines
    • Large-Scale “Platreef-Style” PGE-Ni-Cu-Co deposits similar to those found in the lower Bushveld Complex of South Africa such as Ivanhoe’s Platreef, Platinum Group Metals’ Waterberg and Anglo American’s Mogalakwena mines.
  • Group Ten has consolidated ~24 km of lower Stillwater Complex stratigraphy which shows potential for hosting multiple large-scale disseminated and high-sulphide PGE-Ni-Cu-Co type deposits
  • Compilation and analysis by Group Ten shows the potential for much larger mineralized systems than has been previously recognized, based on:
    • highly anomalous Pd, Pt, Au, Ni, Cu, Co, Cr over 18km in soils with strong correlation to basal and ultramafic geology
    • 12 large geophysical anomalies (conductive highs) across same area
    • significant PGE-Ni-Cu-Co mineralization in historic drilling

Group Ten is focused on identifying and advancing the most prospective targets towards resource definition. Work at Stillwater West in 2018 is expected to include:

  • Submit 2018 drill permit application (complete)
  • Data compilation, analysis and interpretation (on-going)
  • Report 2017 surface sample results (assays pending)
  • Comprehensive re-logging of all available historic core (on-going) which is expected to fast-track the development of mineral inventory and ultimately a maiden mineral resource
  • Prioritization of the most prospective targets from over 12 targets areas across the ~24 km property (in progress)
  • Initial focus on the Iron Mountain and Chrome Mountain target areas
  • Complete work programs including:
    • Geological mapping
    • Ground-based geophysics
    • Prospecting and rock sampling programs
    • Soil sampling
    • Drill test priority targets (subject to permits)

Black Lake-Drayton Gold Project, Northwest Ontario, Canada

  • High-grade gold in the Rainy River Belt
  • Geology similar to adjoining First Mining’s Goldlund project and Treasury Metals’ Goliath project
  • Historic bulk samples of 8,062 kg @ 14.01 g/t Au and 4,087 kg @ 18.65 g/t Au
  • Grab Samples up to 1,212 g/t Au in quartz-tourmaline veins/stockwork
  • 127-hole drill database, including: 0.24m @ 190.7 g/t and 0.65m @ 19.78 g/t Au
  • July 2017 report identified 43 high priority targets, 5 of which are drill-ready

Kluane PGE-Ni-Cu Project, Yukon Territory, Canada (100% owned)
Emerging world-class PGE-Ni-Cu district

  • Group Ten is the largest landholder in the Kluane Mafic-Ultramafic Belt, a system of PGE-Ni-Cu deposits which extend from northern BC through the Yukon into Alaska.
  • The Kluane Project adjacent to Nickel Creek Platinum’s Wellgreen deposit
  • The multi-million-ounce Wellgreen deposit demonstrates the world-class potential of the belt, with geology similar to some of the world's largest PGE and Ni-Cu deposits, including Norilsk-Talnakh, Bushveld, and the Stillwater Complex.
  • Massive sulphide mineralization typically occurs near the basal contact (e.g. the Spy Sill) and can also occur within the cores of larger ultramafic bodies.
  • Group Ten controls over 240 sq. km of claims in three properties – Catalyst, Spy and Ultra – which host magmatic PGM-Ni-Cu occurrences in layered intrusions similar to Wellgreen and other deposits in the belt.

Other Assets

Duke Island (SE Alaska)
Significant 100% owned Cu-Ni-PGE asset available for deal

Yankee-Dundee Mine (SE British Columbia)
Royalty Revenues


Management

Management, Technical Team and Directors

Michael Rowley, BSc, RPBio, President & CEO, Director

Over 25 years executive experience in the exploration, mineral processing, and mine environmental industries

Director of Bravada Gold, Granite Creek Gold, and Sierra Mountain Minerals

Tim Thiessen, BA, CA, Chief Financial Officer

20 years of international accounting and finance experience

Has held CFO position with Metallic Minerals, Foran Mining, SnipGold, and Aurcana, also former VP Finance for Endeavor Financial, and auditor for Deloitte’s mining practice

Greg Johnson, Executive Chairman

30 years experience in exploration, development and financing of large-scale mining projects

Broad capital markets experience, raising over $650 million in project financing

Co-founder of NovaGold, former President & CEO of Wellgreen Platinum and South American Silver

Gregor Hamilton, Director

Over 20 years of mining sector experience in investment banking, corporate finance, geology

Capital markets expertise and global finance contacts for mining, M&A and corporate strategy

Successful entrepreneur in mining, technology and agribusiness in Canada and South America

Bill Harris, Director

President and CEO of Midnight Mining

Founder, former Executive of Northern Freegold

Lifelong Yukoner, prospector, mining entrepreneur

Dr. Craig Bow, Ph.D., Chief Geologist

Over 40 years experience in global exploration, mine geology, & project management, including exploration of the J-M Reef and advancement of the initial Stillwater Pd-Pt mine to production

Recognized expert on global PGE-Ni-Cu systems, part of the team responsible for multi-million-ounce Arctic Platinum partnership (Gold Fields/Outokumpu), former Exploration Manager North America for Gold Fields, Senior Technical positions for Cyprus Amax, Newcrest, and AngloGold Ashanti

Mike Ostenson, P.Geo., Project Geologist

20 years experience in the Stillwater district including former VP Exploration for Premium Exploration, Senior Technical roles for Beartooth Platinum, Stillwater Mining Co. and AngloGold

Justin Modroo, P.Geo., Project Geophysicist

20 years industry experience, including work in the Stillwater Complex with Premium Exploration and Beartooth Platinum

Chris Ackerman, LLB, Senior Manager of Corporate Communications & IR

Mgr Corp. Communications with Metallic Minerals, formerly with Wellgreen Platinum & Sr. Bus Dev Advisor, Yukon Government


News Update

On March 25, 2019, Group Ten Metals Inc. reported the 2018 Exploration results and the expanded land position at Black Lake-Drayton gold project in Northwest Ontario, Canada

On February 21, 2019, Group Ten Metals Inc. has released results from the Chrome Mountain and East Boulder target areas on the west side of the Stillwater West project in Montana, United States. Group Ten reported wide intercepts of platinum and palladium mineralization from the Chrome Mountain target area at the Stillwater West Project.

Group Ten President & CEO, Michael Rowley, recently sat down for interviews to discuss the fundamentals of the Stillwater West project as well as recent news and 2019 plans:

https://www.youtube.com/watch?v=VYASXFuYZfY&feature=youtu.be

On January 25, 2019, Group Ten Metals Inc. announced high-grade palladium, platinum and gold results from the Wild West and Boulder targets covering the far western end of the Stillwater West project in Montana.

Highlight results from drilling at the Pine shear zone at the Wild West target area include 31.02 g/t 3E (28.7 g/t gold, 1.06 g/t platinum, 1.27 g/t palladium) over 2.6 metres and 16.94 g/t 3E (16.19 g/t Au, 0.24 g/t Pt, 0.50 g/t Pd) over 7.98 metres in a gold-PGE-enriched, structurally controlled shear zone hosted within the chromite-rich ultramafic stratigraphy. Mineralization remains open to expansion in all directions and is one of several priority targets for additional follow-up exploration in the Wild West target area.

Michael Rowley, President and CEO, commented, “We are pleased to report the results of our compilation and modelling efforts at Stillwater West alongside results of the 2018 exploration. This first release focuses on the Boulder and Wild West target areas, which cover the western-most 8 km of the 25 km long Stillwater West project, where work in 2018 confirmed the presence of significant PGE+gold along with nickel, copper and cobalt sulphide mineralization. Mineralization at these two target areas corresponds with two nearly untested electromagnetic geophysical conductors that are approximately 4 and 3.8 km in length, respectively. Surface sampling from these targets show values up to10.3 grams-per-tonne (g/t) palladium, 3.8 g/t platinum and 21.8 g/t gold in rock samples, with 20 samples returning from 2 to 30 g/t platinum equivalent grade mineralization, including significant nickel, copper, and cobalt values.”

On January 2, 2019, Group Ten Metals Inc. announced that it has completed the earn-in requirements for the 24-square-kilometre Black Lake claim block within the Black Lake-Drayton project by completing all terms of the agreement first announced on Nov. 21, 2012, as amended, such that the Company now owns 100-per-cent right, title and interest to the claims, subject only to certain production royalties. Together with the completion of earn-ins announced on July 18, 2018, the Company now owns 100-per-cent right and title to over 96 per cent of the 114-square-kilometre Black Lake-Drayton project, with the remaining portion subject to one earn-in agreement.

Maurice Jackson of Proven & Probable interviews Group Ten Metals President & CEO, Michael Rowley:

On December 17, 2018, Group Ten Metals announced the discovery of Hybrid zone as one of 14 multi-kilometer-scale Pge-Ni-Cu target areas identified at Stillwater West Project.

On September 19, 2018, Group Ten Metals Inc. announced that it has appointed Dr. David Broughton, PhD, PGeo, as senior technical adviser, with a primary focus on the Company's flagship Stillwater West platinum-group-elements-nickel-copper project in Montana.

On August 29, 2018, Group Ten Metals Inc. announced that its common stock has been successfully up-listed to the OTCQB Venture Market from the Pink Open Market, where it will continue to trade under the symbol PGEZF.

On August 22, 2018, Group Ten Metals Inc. announced that it has completed a non-brokered private placement for aggregate proceeds of $575,000 through the issuance of 2,875,000 common shares, on a flow-through basis, at a price of 20 cents per share.

On July 18, 2018, Group Ten Metals Inc. has provided an update on the Company's Black Lake-Drayton gold project located in the Rainy River district of Northwest Ontario, Canada, including the completion of all outstanding earn-in requirements on two of the claim blocks.

The Company now owns 100 per cent of right and title to over 85 square kilometres of the (more than) 114-square-kilometre Black Lake-Drayton project.

On July 16, 2018, Group Ten Metals Inc. has provided an update on the Company's Kluane platinum group elements-nickel-copper project, including the completion of all outstanding earn-in requirements on the Ultra claim block and the addition of highly prospective new properties to the project, which add substantial exploration potential.

On July 9, 2018, Group Ten Metals Inc. has provided an update on progress at its flagship Stillwater West project, including 2018 exploration plans and the acquisition of new claims which expand the Company's land position in the Stillwater district by over 23 per cent to approximately 54 square kilometres.

On May 8, 2018, Group Ten Metals Inc. announced priority PGE-Ni-Cu-Co targets in the Iron Mountain target area of the Company’s Stillwater West project in Montana, and the delineation of a large cobalt target.

On March 3, 2018, Metallic Minerals Corp. (TSX.V: MMG; US OTC: MMNGF) and Group Ten Metals Inc. announced the formation of the Metallic Group of Companies.


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