Group Eleven Resources

What Group Eleven Resources does

Group Eleven Resources Corp. is a mineral exploration company focused exclusively on advanced-stage zinc exploration in Ireland. Founded in 2015 and listed on the TSX Venture Exchange in December 2017, the company has assembled one of the larger aggregated prospecting-licence footprints in the Irish Zinc District — 99 licences covering approximately 3,200 square kilometres — and concentrates its work in the Limerick region adjacent to Glencore's Pallas Green deposit. The company's asset base is anchored by three projects: the 100%-owned PG West Project, which contains the Ballywire discovery announced in September 2022 and described as the most significant mineral discovery in Ireland in over a decade; the 75.56%-owned Stonepark Project (joint-ventured with Arkle Resources); and the 60%-owned Ballinalack Project (joint-ventured with Shenzhen Zhongjin Lingnan Nonfemet). Established mineral resources at Stonepark (5.1Mt at 11.3% Zn+Pb) and Ballinalack (5.4Mt at 8.7% Zn+Pb) provide NI 43-101-compliant resource anchors.

The company's exploration approach — internally branded the 'Big Think' strategy — systematically re-evaluates over 70 years of accumulated geological data using modern geophysical and geochemical techniques, including integration of the Geological Survey of Ireland's Tellus airborne geophysical survey across roughly 2,500 square kilometres. Exploration operations are run from a facility in Limerick, supported by a technically experienced team that includes geologists credited with the 20Mt+ SWEX extension to Boliden's world-class Navan Zn-Pb orebody. By 2026, the Ballywire prospect had grown to a 3.2km mineralized strike length with 77+ drill holes, and the system had additionally returned high-grade copper-silver-antimony intercepts (23.60% Cu, 506 g/t Ag, 2.04% Sb over 0.6m) — described as some of the highest copper grades from modern mineral exploration in Ireland in 60 years.

The business is pre-revenue: the company generates no commercial product sales and funds operations entirely through equity issuance, including private placements and bought-deal offerings distributed via the TSX-V (ZNG), OTCQB (GRLVF) and Frankfurt Stock Exchange (FRA: 3GE). Customers, in the conventional sense, are equity investors seeking exposure to zinc and base-metals exploration in a proven mining jurisdiction, with two anchor shareholders — strategic investor Glencore Canada Corporation (~12.9% post-March 2026) and individual investor/director Michael Gentile (13.7%, joined the Board in November 2024) — repeatedly participating in financings. The go-to-market is investor-relations-led, relying on news flow, conference participation (e.g., New Orleans Investment Conference), engagement of IR consultants (Torrey Hills Capital), and ongoing communication of drilling and resource updates. Any future monetization would derive from eventual mine development, joint-venture arrangements with majors, or asset divestitures.

Name

Group Eleven Resources

Legal name

Group Eleven Resources Corp.

Website

https://groupelevenresources.com

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Group Eleven Resources Corp. is a pre-revenue junior mining company focused on advanced-stage zinc exploration in Ireland. It controls 99 prospecting licences (~3,200 km²) in the Irish Zinc District, anchored by the Ballywire discovery — the most significant Irish mineral discovery in over a decade.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Copper, Nickel, Lead, and Zinc Mining (21223), Gold Ore and Silver Ore Mining (21222)

SIC

Miscellaneous Metal Ores (1090)

akta.pro primary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

akta.pro secondary industries

Silver Mining (IMAKAEAB), Copper Exploration & Resource Development (IMAKADAA)

Keywords

• Zinc exploration
• Mineral exploration
• Zinc-lead deposits
• Mineral resource estimation
• Junior mining exploration

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Equity Financing: Pre-revenue exploration company that has not yet generated commercial production revenue. Funded entirely through equity financings including private placements, bought deal offerings, and warrant exercises.
2. Exploration Stage Revenue: No current revenue streams as company is in exploration phase. Future potential revenue would come from sale of mineral assets, joint venture arrangements, or eventual production if deposits are developed.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Group Eleven Resources Corp. is a mineral exploration company that holds and explores a portfolio of prospecting licences in Ireland targeting zinc-lead-silver-copper-germanium-antimony deposits. The company is the operator of three key projects — the 100%-owned PG West Project (containing the Ballywire discovery), the 75.56%-owned Stonepark Project, and the 60%-owned Ballinalack Project — conducting drilling, geophysical surveys, geological mapping, and resource estimation to advance these zinc assets.

Product overview

Group Eleven Resources Corp. is a mineral exploration company offering a portfolio of zinc exploration projects in Ireland rather than a unified software product. The company's primary offerings include the PG West Project (featuring the Ballywire discovery), the Stonepark Project (joint ventured with Arkle Resources), and the Ballinalack Project (joint ventured with Nonfemet). These projects represent advanced-stage zinc exploration assets with established mineral resources and ongoing drilling programs focused on discovering zinc, lead, silver, copper, germanium, and antimony deposits in the Limerick region of Ireland.

Differentiator

Problem solved

Functional benefit

Products and services

• PG West Project (Ballywire) 100%-owned zinc exploration project in the Republic of Ireland hosting the Ballywire discovery. The project contains high-grade zinc, lead, silver, copper, germanium, and locally antimony mineralization across a 3.2km mineralized strike length, with demonstrated intervals including 23.5m of 12.3% Zn+Pb and 46 g/t Ag.
• Stonepark Project Zinc-lead exploration project adjacent to Glencore's Pallas Green deposit in the Limerick region of Ireland, in which Group Eleven holds 75.56% interest through a joint venture with Arkle Resources plc. The project contains a maiden Inferred Mineral Resource of approximately 5.1–5.3Mt at 11.15–11.3% Zn+Pb at shallow depths.
• Ballinalack Project Zinc exploration project located 50 km from Europe's largest zinc mine (Navan/Tara), held at 60% by Group Eleven in joint venture with Shenzhen Zhongjin Lingnan Nonfemet Company Limited. The project contains an Inferred Mineral Resource of 5.4Mt at 8.7% Zn+Pb.

Quantifiable outcome

• Ballywire discovery extended mineralized strike length to 3.2km with potential 6km trend
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• CSA Global (UK) Ltd / SLR Consulting IrelandminorImplementation/ SI/ Consulting Partner · 17 April 2018CSA Global under contract to SLR Consulting Ireland prepared the maiden independent Mineral Resource estimate for the Stonepark zinc project, following CIM guidelines and NI 43-101 standards.
• Arkle Resources plccoreStrategic or Co-development PartnerArkle Resources is a joint venture partner on the Stonepark Project where Group Eleven holds 75.56% interest. The partnership involves shared exploration costs and revenue at the Stonepark zinc-lead project adjacent to Glencore's Pallas Green deposit. Arkle elected not to participate in the 2025-2026 drilling program, with their interest estimated to decrease from 22.36% to 21.38%.
• Shenzhen Zhongjin Lingnan Nonfemet Company LimitedcoreStrategic or Co-development PartnerNonfemet (Zhongjin Lingnan) is a 40% joint venture partner in the Ballinalack zinc project, one of China's largest zinc producers. The project is located 50km from Boliden's Navan zinc mine and holds an inferred resource of 5.4Mt at 8.7% Zn+Pb.
• Connemara Mining Company plccoreStrategic or Co-development PartnerConnemara Mining Company plc holds 23.44% interest in the Stonepark joint venture, with Group Eleven holding the remaining 76.56%. The project is located adjacent to Glencore's Pallas Green deposit in the Limerick region of Ireland.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Arkle Resources plc: Arkle Resources is Group Eleven's joint venture partner at the Stonepark zinc-lead project in Ireland, holding approximately 21-22% interest. Both companies are Irish zinc-focused explorers operating in the Limerick region with closely overlapping strategic positioning.
• Connemara Mining Company plc: Connemara Mining is a 23.44% joint venture partner in Group Eleven's Stonepark project, located adjacent to Glencore's Pallas Green zinc deposit. As an Irish-focused base metals explorer with similar geographical focus and project types, it is a direct operational peer.

Broad incumbents

• Boliden AB: Boliden owns and operates the Navan/Tara mine — Europe's largest zinc mine — located 50km from Group Eleven's Ballinalack project. As a major integrated zinc-copper producer with direct operating expertise in the same Irish geological setting, Boliden is the most relevant producing peer for benchmarking.
• Glencore plc: Glencore owns the adjacent Pallas Green zinc deposit (one of the world's largest undeveloped) and is Group Eleven's largest strategic shareholder at 12.9%. As a global mining and trading major with significant zinc exposure, Glencore is both a peer and a direct strategic counterparty.
• Lundin Mining Corporation: Lundin Mining is a major mid-tier base metals producer operating significant zinc assets including Neves-Corvo (Portugal) and Zinkgruvan (Sweden), with comparable zinc-focused mining operations in Ireland-adjacent European jurisdictions.
• Hudbay Minerals Inc. Hudbay is a copper-zinc-gold producer with operations including the Constancia mine (Peru). As a mid-tier diversified miner with active exploration programs and zinc as a material commodity exposure, it serves as a comparable mid-cap mining peer.
• Shenzhen Zhongjin Lingnan Nonfemet Co. Ltd. Zhongjin Lingnan Nonfemet is one of China's largest zinc producers and a 40% joint venture partner in Group Eleven's Ballinalack zinc project. As both a strategic partner and an established global zinc producer, it is a directly relevant comparable.
• Zijin Mining Group Co. Ltd. Zijin Mining is a leading global mining major with significant copper and zinc production assets. As a diversified Chinese-domiciled mining major with polymetallic exposure relevant to Group Eleven's Zn-Pb-Cu-Ag deposit model, it is a relevant broad incumbent peer.
• Vedanta Limited (Hindustan Zinc): Vedanta's Hindustan Zinc subsidiary is one of the world's largest integrated zinc producers. As a globally significant zinc producer with comparable polymetallic exposure, it provides a relevant scale benchmark for Group Eleven's exploration-stage zinc assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/group-eleven-resources-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds7 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Group Eleven Resources