GRADE. SCALE. LOCATION. INFRASTRUCTURE. · 14 large-scale (multi-kilometer) exploration target...

www.grouptenmetals.com

TSX-V: PGE OTCQB: PGEZF FSE: 5D32

GRADE. SCALE. LOCATION. INFRASTRUCTURE.

– PLATREEF-STYLE, BULK TONNAGE PGE-NI-CU PROJECT –STILLWATER DISTRICT, USA

CORPORATE PRESENTATIONMarch 2020

2TSX: PGE.V

OTCQB: PGEZFFSE: 5D32


Forward-Looking Information

This presentation contains certain forward-looking statements that reflect the current views and/or expectations of Group Ten Metals Inc. (the “Company” or “Group Ten Metals”) with respect toits business and future events including statements regarding its exploration plans and the Company’s expectations respecting future exploration results, the markets for the minerals underlyingthe Company’ projects, and growth strategies. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and themarkets in which the Company operates. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: the inherent risks involved in the exploration anddevelopment of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, the uncertainties respecting historical resource estimates, the potential fordelays in exploration or development activities, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistentwith the Company’s expectations, accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuatingmetal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatoryrestrictions. These risks, as well as others, including those set forth in the Company’s filings with Canadian securities regulators, could cause actual results and events to vary significantly.Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors orassumptions used to develop such forward looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating anyvoluntary forward-looking statements, except as required by applicable securities law.

Technical Information

The scientific and technical information in this presentation has been reviewed by the following non-independent qualified persons (as defined in NI 43-101): (a) in respect of the Stillwater WestProject, Mike Ostensen, P. Geo., who is a Project Geologist of the Company; and (b) all other projects of Group Ten Metals, Debbie James, P. Geo, who is an independent consultant to theCompany.

Mineral resources which are not mineral reserves do not have demonstrated economic viability. With respect to “indicated mineral resource” and “inferred mineral resource”, there is a greatamount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of a “measured mineral resource”, “indicatedmineral resource” or “inferred mineral resource” will ever be upgraded to a higher category.

Cautionary Note to US Investors Regarding Resource Estimates

The terms “mineral resource”, “measured mineral resource”, “indicated mineral resource”, “inferred mineral resource” used herein are Canadian mining terms used in accordance with NI 43-101under the guidelines set out in the Canadian Institute of Mining and Metallurgy and Petroleum (the “CIM”) Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, asmay be amended from time to time. These definitions differ from the definitions in the United States Securities & Exchange Commission (“SEC”) Industry Guide 7. In the United States, a mineralreserve is defined as a part of a mineral deposit which could be economically and legally extracted or produced at the time the mineral reserve determination is made. While the terms “mineralresource”, “measured mineral resource,” “indicated mineral resource”, and “inferred mineral resource” are recognized and required by Canadian regulations, they are not defined terms understandards in the United States and normally are not permitted to be used in reports and registration statements filed with the SEC. As such, information contained herein concerning descriptionsof mineralization and resources under Canadian standards may not be comparable to similar information made public by U.S. companies in SEC filings. Accordingly, information herein containingdescriptions of our mineral deposits may not be comparable to similar information made public by US companies subject to the reporting and disclosure requirements under US federal securitieslaws and the rules and regulations thereunder.

Third-Party Information

Where this presentation quotes any information or statistics from any external source, it should not be interpreted that the Company has adopted or endorsed such information or statistics asbeing accurate. Some of the information presented herein, including scientific and technical information on third-party projects, is based on or derived from statements by third parties, has notbeen independently verified by or on behalf of the Company and the Company makes no representation or warranty, express or implied, respecting the accuracy or completeness of suchinformation or any other information or opinions contained herein, for any purpose whatsoever. References to third-party projects herein are for illustrative purposes only and are not necessarilyindicative of the exploration potential, extent or nature of mineralization, or potential future results of the Company’s projects.

Forward Looking Statements

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THE METALLIC GROUP OF COMPANIESA Collaboration of Leading, Independent Exploration Companies

The Metallic Group Strategy and Approach to Business

• Highly experienced leadership with a track record of major discoveries andsignificant share ownership in the companies;

• Identify and acquire district-scale, brownfields properties adjacent to some ofthe industry’s highest-grade silver, platinum group metals, and copper mines,where we see the potential to host world-class deposits that have not beenpreviously recognized;

• Make acquisitions during the low part of the metal price cycle to aggregate high-potentialholdings and create fundamental, counter-cycle strategic value for shareholders;

• Focus on brownfields areas to facilitate the potential for major new discoveries, with infrastructurein place for rapid development timelines and reduced capital requirements compared to remotegreenfields deposits;

• Apply our systematic approach to exploration utilizing new technologies and exploration modelsfocused on large-scale discoveries; and

• Introduce these new opportunities to investors that share our long-term vision for value creationin the mining space.

High-Grade Silver-Lead-Zinc, Keno Hill, Yukon, CanadaLa Plata Silver-Gold-Copper District, Colorado, USA

Platinum-Palladium-Nickel-CopperHigh-Grade Stillwater PGE District

Montana, USA

High-Grade Copper-Gold-SilverCarmacks Copper District

Yukon, Canada

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▪ Experienced management and technical teams with expertise in global PGE-Ni-Cu systems and a track record of exploration and development success

▪ The Stillwater district is the highest-grade PGE producer in the world with more than 41 million ounces of past production and current M&I resources, plus another 49 million ounces of Inferred resources, and is one of very few deposits outside of South Africa and Russia

▪ Group Ten Metals has consolidated the second largest land position in the Stillwater district with 14 multi-kilometer target areas identified across 25-kilometer-long property

▪ Stillwater West shows potential to host multiple “Platreef-Style” bulk tonnage PGE-Ni-Cu deposits with comparable geologic setting to the lower Bushveld Complex in South Africa that hosts large-scale mines by Ivanhoe and Anglo American

▪ Potential to rapidly develop mineral resources at the five most advanced target areas based on historic and current drilling

▪ Summer 2019 drill and sampling programs complete with results pending

▪ Existing infrastructure, and deposits which start at surface, facilitate rapid development potential and reduced capital requirements

Group Ten Metals FundamentalsA Leading Platinum Group Metal and Nickel Focused Exploration Company

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CANADA

USA

Yukon

Montana

Ontario

STILLWATER WEST PROJECT• Large position in the highest-grade PGE district in the world

• Adjacent to Sibanye-Stillwater’s PGE Mines

• Drill program completed October 2019

Black Lake-Drayton Project• Rainy River Gold Belt

FocusDiscovery and development of world-class deposits of ‘Critical Minerals’ - platinum, palladium, nickel, cobalt – plus gold and copper

Strategic Value 100% interest in large, high quality assets:• Acquired during bear market• Provides potential upside metals exposure based on market cycles

and project development• Upside from sale of non-core properties

Mineral PotentialHigh potential for new discoveries:• Adjacent to high-grade, world-class mines/deposits• Drill-defined mineralized zones open to expansion• Application of new geologic models• Large-scale areas to target for priority exploration

Kluane PGE-Ni-Cu Project• Adjoins Nickel Creek Platinum

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Group Ten MetalsProject Portfolio and Strategy

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TSX-V: PGE OTCQB: PGEZF FSE: 5D32Management TeamVeteran Management with Proven Track Record in Exploration and Mine Development

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• Exploration Manager Placer Dome (now Barrick Gold)• Co-credited with discovery or expansion and advancement of major precious and base metal deposits

Michael Rowley – President & CEO, Director • 25+ years executive experience in the exploration, mineral processing, and mine environmental industries• Experience in all aspects of the exploration industry, including capital markets and operations• Director of Bravada Gold, Granite Creek Copper, and Sierra Mountain Minerals

Gregor Hamilton – Director• 24 years of experience in the mining sector as a geologist, investment banker and entrepreneur• Capital markets expertise and global experience in M&A and structured finance• Since 2010, involved in the acquisition and development of mineral properties within both public

and private resource companies in the Americas

Tim Thiessen – Chief Financial Officer• 20+ years experience in both public & private company operations, including 15 years in mineral resources

sector including with Metallic Minerals, Granite Creek Copper, Foran Mining, SnipGold and Aurcana;• Former VP Finance for Endeavor Financial, and auditor with Deloitte’s mining practice

Alicia Milne – Corporate Secretary• 20+ years of corporate secretarial & securities compliance experience with NYSE, TSX & TSX Venture listed companies, including Pretium Resources• Member of the Governance Professionals of Canada

Brian Cloney, CA – Advisor, Finance• Over 35 years experience in public accounting and financial consulting experience with a particular focus on the mining sector

• Past CFO of a number of publicly-traded resource companies, and former Director of Group Ten Metals

Strong Corporate & Technical Management

Group Ten has attracted a highly qualified team with global experience in:

Financing & Markets• Over $650M raised• Global banking, evaluation and M&A expertise

Management• Combined 100+ years of corporate and

exploration management, with juniors and majors

Exploration and Development• Extensive, first-hand experience in the

Stillwater and Bushveld districts, including the Platreef, among other top-tier districts and producers

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Craig Bow, Ph.D. – Chief Geologist• 40+ years experience in global exploration, mine geology, & project

management, including exploration of the J-M Reef & 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 Mgr for Gold Fields, Sr. Technical positions for Cyprus Amax, Newcrest & AngloGold Ashanti

Michael Johnson, P.Geo. – Exploration Manager, Stillwater West• 40+ years of professional geological and executive experience, including

18 years in senior management positions with global public mining companies, including work in the Stillwater district as President and CEO of Beartooth Platinum Corp.

Mike Ostenson, P.Geo. – Project Geologist • 20 years experience in the Stillwater district including former VP

Exploration for Premium Exploration and 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

Bill Harris – Technical Advisor• Founder, former Executive of Triumph Gold, and President and CEO of Midnight

Mining• Highly experienced prospector, mining entrepreneur

David Broughton, Ph.D. – Advisor, Geology• 30+ years experience in mineral exploration, including the discovery of

two major mineral deposits with Ivanhoe Mines, including the FlatreefPGE-Ni-Cu deposit at Platreef, South Africa

• Co-awarded AME BC’s 2016 Colin Spence Award for Excellence in Global Mineral Exploration (Flatreef) and PDAC’s 2015 Thayer Lindsley Award for International Mineral Discovery (Kamoa)

• Formerly held senior exploration roles with Phelps Dodge, Freeport, and Cyprus Amax

Harry Burgess, P.Eng. – Advisor, Mining & Mine Engineering• 40+ years of mine engineering and management experience including

senior positions with Anglo-American and others in Zambia and South Africa

• Co-founder of Micon International Limited

Garth Kirkham, P.Geo., P.Geoph. – Advisor, Geology & Mining• 34+ years experience in the mineral exploration industry as a board

member, leader, and geoscientist

• Founder of Kirkham Geosystems Ltd and was a founding director of Group Ten Metals

• Numerous professional designations and awards

Doug Warkentin, P.Eng. – Advisor, Processing & Metallurgy• 30+ years of experience in the mining and mineral processing industries

• Currently Senior Metallurgist at Kemetco Research Inc.

• Co-founder of Group Ten Metals and former Director

Technical TeamWorld-Class Team with Experience at Stillwater, Bushveld, Platreef

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Demand Growth• Significant and growing demand from batteries, especially high-charge density uses (eg electric vehicles)• Listed in the American Mineral Security Act in May 2019, and as a ‘critical mineral’ in May 2018 by US Interior Department

Supply Constraints• Majority of supply is high-risk (Congo)• Limited first-world resources

Demand Growth• Growing demand for infrastructure,

electric vehicles batteries

Supply Constraints• Diminishing resources/grades (‘peak

copper’), new resources/mines necessary

Demand Growth• Historic store of value, also jewelry, industrial• Hedge against political uncertainty, currency risks

Supply Constraints• Diminishing resources/grades (‘peak gold’), need

new resources/mines

Demand Growth• Primary demand for use in catalysts (auto and industrial), also military uses, fuel cells, jewelry• Growing demand from auto sector with strong vehicle sales, tighter emissions standards• Listed as ‘critical minerals’ by the US Interior Department, May 2018

Supply Constraints, Political Risks• Majority of supply from high-risk countries (South Africa, Russia)• Positive price projection based on increased demand, declining production and physical stores

Demand Growth• Significant and growing demand from electric vehicle batteries, plus industrial uses, alloys, stainless steel• Listed in the American Mineral Security Act in May 2019, in which the US seeks to secure domestic supply• One of the most important global metals markets at >USD$20 billion per year, and growing1

Supply Constraints• Majority of global nickel ore supply is not tech-compatible (62% laterite vs 38% nickel sulphide) 1

Exposure to Key High-Demand CommoditiesSecuring domestic supply of ‘Critical Minerals’ listed by US Government

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1Source: Wood Mackenzie

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STILLWATER WEST25 Kilometers

STILLWATER WEST PROJECT

• 100% interest on a large 54 km2 claim block• Adjoins the producing J-M Reef PGE deposit

operated by Sibanye-Stillwater1:‒ The highest-grade major PGE deposit in the world,

and the largest outside of South Africa and Russia‒ Three producing mines

J-M Reef Deposit (Sibanye-Stillwater)Past Production3: Over 14 Moz combined Pd+Pt

GROUP TEN METALS

East Boulder Mine (2002)

Stillwater West PGE-Ni-Cu ProjectDistrict - Mines, Infrastructure and Land Status

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(1) References to adjoining properties are for illustrative purposes only and are not necessarily indicative of the exploration potential, extent or nature of mineralization or potential future results of the Company’sprojects. (2) Based on Sibanye-Stillwater’s 2018 Mineral Resources and Mineral Reserves Report. These resource and reserve estimates were prepared by Sibanye-Stillwater based on the South African Code for theReporting of Mineral Asset Valuation and the South African Code for the Reporting of Mineral Asset Valuation, which differ from the requirements of NI 43-101 and SEC Industry Guide 7. The Company does not haveaccess to such project or underlying information and has not independently verified any of the scientific, technical or exploration information related to such third-party project. (3) Based on publicly disclosedproduction statistics of Sibanye-Stillwater including most recent CPR.

J-M REEF DEPOSIT

SIBANYE-STILLWATER

Blitz Mine (2017)Stillwater Mine (1986)

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Mineralization TypeHigh-Grade Reef Deposits

• Merensky Reef (Sibanye, Anglo and others)

• J-M Reef (Sibanye)

• Picket Pin Reef (Group Ten)

PGE-Enriched Chromitites

• UG-2 (Sibanye, Anglo and others)

• A-B Chromitite (Group Ten)

Disseminated PGE-Ni-Cu

Bulk Tonnage Sulphide-Type Deposits

• Platreef (Anglo, Ivanhoe)

• Sheba’s Ridge (Anglo)

• HGR (Group Ten)

• Camp Zone (Group Ten)

• Hybrid Unit (Group Ten)

LithologyGabbro, AnorthositeGabbronorite, Anorthosite, Troctolite (poC)Pyroxenite (bC)PeridotiteNorite (pbC), Pyroxenite (bC)Basement MetasedimentBasement Granite

Picket Pin Reef

J-M Reef

A-B Chromitite

HGR

Camp

HybridUnit

Sheba’s RidgeAnglo American

Merensky Reef

UG-2 Reef

West & East LimbsBushveld Complex

StillwaterComplex

PlatreefBASAL &LOWERSERIES

BANDEDSERIES

Platreef MineIvanhoe

MogalakwenaAnglo American

North Limb BushveldComplex

5

4

3

2

1

0

6 km

Sibanye-Stillwater

PlatiniferousDunite Pipes- Mooihoek- Driekop

Stillwater and Bushveld ComparisonComparative Stratigraphy and Main PGE Occurrences in the Stillwater and Bushveld Complexes

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References to third-party owned / operated projects are for illustrative purposes only and are not necessarily indicative of the exploration potential, extent ornature of mineralization or potential future results of the Company’s projects. The Company does not have access to such project or underlying informationand has not independently verified any of the scientific, technical or exploration information related to such third-party project.

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J-M Reef Deposit (Sibanye-Stillwater)

Picket Pin Reef(Group Ten)

Current Mining Operations

(up to 2.2 km depth)

BASAL AND LOWER STRATIGRAPHY UPPER STRATIGRAPHY

Reef-Type Deposits• Higher in the layered stratigraphy

• Typically narrow, 0.5 to 2 meters thick

• High to very high-grade at 3 to 17 g/t PGE, in Ni-Cu sulphide

mineralization

• Typically higher cost, selective underground mining methods

• Comparable deposits include:‒ J-M Reef (Stillwater)‒ Merensky Reef (Bushveld)

‒ UG2 Reef (Bushveld)

Six “Reef-type” target areas at Stillwater West

including Picket Pin

Platreef-Style Deposits• Lower in the layered stratigraphy (main Stillwater West claim block)

• Wide mineralized widths, 10 to 200 meters thick

• Ni-Cu sulphide mineralization, enriched in PGEs, Au, Co, others

• Typically amenable to bulk tonnage mining for potential lower

operating cost

• Comparable deposits include the Platreef deposits of the Northern

Limb of the Bushveld:‒ AngloAmerican’s Mogalakwena Mine ‒ Ivanhoe’s Platreef Mine

‒ Platinum Group Metals’ Waterberg project

Eight “Platreef-style” target areas at Stillwater West including

HGR, Camp Zone, and Hybrid Unit

SimplifiedCross-Section of the Stillwater Igneous Complex

km

3

2

1

0South

Layered Magmatic Complex (8km thick)

North

UPPER BANDED

SERIES

MIDDLEBANDED

SERIES

LOWERBANDED

SERIES

Camp

HybridUnit

HGR

Stillwater ComplexTarget Schematic Section & Geologic Models

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Highly anomalous precious and base metal values cover 18 km strike in lower Stillwater stratigraphy

SOIL GEOCHEMISTRYPt + Pd + Au (ppb)

>200

75 – 200

50 – 75

25 – 50

15 – 25

5 – 15

SOIL GEOCHEMISTRYNi + Cu (ppm)

>1,000

650 – 1,000

350 - 650

250 – 350

150 – 250

75 – 150

2 km

• High levels of platinum, palladium, gold, nickel, copper and other metals in soil geochemistry across very large areas

• Cobalt, chromium and other metals also highly anomalous across large areas

• Strong spatial correlation with broad, high-level electro-magnetic conductor anomalies

• Significant corresponding PGE-Ni-Cu mineralization in historic drilling, and geological mapping

2 km

IRON MOUNTAIN

CHROME MOUNTAIN

IRON MOUNTAIN

CHROME MOUNTAIN

Platinum-Palladium-Gold

Nickel-Copper

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Stillwater West PGE-Ni-Cu ProjectSoil Geochemistry

See News Release “Group Ten Metals Identifies 18 Kilometer-Long Soil Anomaly and Expands Land Position at Stillwater West Project in Montana, USA” dated Jan. 10, 2018.

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BoulderWild West Chrome

Mountain

EastBoulder

CampIron Mountain

Crescent

Cathedral

8 Large-scale, bulk tonnage PGE-Ni-Cu target areas, with potential to host ‘Platreef-Style’ mineralization

25 kilometers

Picket Pin

6 Higher-Grade ‘Reef-type’ Target Areas

• 14 target areas defined by major conductive high anomalies with broad, coincident soil geochemical

anomalies:

‒ Eight large-scale, bulk tonnage PGE-Ni-Cu +/- Cr sulphide target areas with potential to host multiple

Platreef-Style deposits, each one 2 to 4 km long

‒ Six higher-grade PGE ‘Reef-type’ target areas that are 3 to 8 km long with potential to host multiple ‘Reef-

type’ deposits

• Five mineralized zones identified at the most advanced target areas based on data from more than

215 drill holes totaling over 28,000 meters from across the property

<7515020080015002500>5000

Co

nd

uct

ance

Fugro DIGHEM (EM) Survey Results56kHz Apparent Resistivity (ohm-meters)

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Stillwater West PGE-Ni-Cu Project14 large-scale (multi-kilometer) exploration target areas identified across 25-km long property

See News Release “Group Ten Metals Identifies 12 Major Geophysical Conductor Anomalies at Stillwater West Project, Montana, USA” dated Feb. 26, 2018.Grade thickness values for drill holes are shown for comparative purposes by multiplying mineralized intercepts times drilled width that are believed to be representative of true widths. Platinum equivalent (Pt Eq. g/t) calculations reflect total gross metal content using $6/lb Ni, $3.00/lb Cu, $20.00/lb Co, $1,000/oz Pt, $1,000/oz Pd and $1,250/oz Au and have not been adjusted to reflect metallurgical recoveries.

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J-M REEF DEPOSIT

(SIBANYE-STILLWATER)

2 km

Plan is to rapidly complete the off-setting of existing drill-defined mineralization and drill testing of adjacent geophysical and/or geochemical anomalies to develop mineral resources at known mineralized zones

Wild West - Pine Shear Zone• 150m strike, average width 15m, tested to 90m depth• Open for expansion• 7 holes with high-grade intercepts including:

‒ 8.0m at 16g/t Au, 0.24g/t Pt, 0.50 g/t Pd‒ 3.2m at 23g/t Au, 0.89g/t Pt, 1.04g/t Pd

Crescent Target Area• 250m x 500m area, open for expansion• 10 holes at over 25 g-m grade-thickness, and 5 at

over 100 g-m, including: ‒ 4.3m at 2.94 g/t 3E, 0.24% Ni+Cu, near surface

Iron Mountain – HGR Target24 holes define a mineralized zone over 850m strike length to a depth of ~300m with intervals including:• 272m at 1.9 g/t TotPtEq (or 0.42% TotNiEq) including

26.8m at 1.19 g/t 3E, 0.34% Ni, 0.15% Cu, 0.019% Co• 33.5m at 0.77% Ni, 0.65% Cu• 8.0m at 3.65 g/t 3E, 0.14% Ni, 0.03% Cu, 0.013% Co• Drilled in 2019• Open in all directions

CampDrill-defined zone of continuous Ni-Cu sulphide mineralization over 1km strike, to a depth of 200m• 399 meters of 1.14 g/t TotPtEq• 0.42% Ni, 0.23% Cu average in

historic drilling, limited PGE data• Open in all directions

East Boulder Mine (Sibanye-Stillwater)

Chrome Mountain – Hybrid UnitSix holes define a 200m thick mineralized zone within a 1 km wide area of highly anomalous metals in soils, open in all directions, tested to a depth of 400m:• 388m at 0.99 g/t TotPtEq• 118m at 2.15 g/t TotPtEq

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Stillwater WestPriority Areas for Drilling

Drill data reported in news releases from Jan 25, 2019 through Jan 21, 2020. 2019 drilling by Group Ten. Drilling completed from 2002 through 2011 was verified by Group Ten’s QP. Pre-2001 drill results are considered historic and have not been independently verified by Group Ten. Grade thickness values for drill holes are shown for comparative purposes by multiplying mineralized intercepts times drilled width that are believed to be representative of true widths. Platinum equivalent (PtEq g/t) calculations reflect total gross metal content using $6/lb Ni, $3/lb Cu, $20/lb Co, $900/oz Pt, $1,400/oz Pd and $1,400/oz Au

Equivalent values have not been adjusted to reflect potential metallurgical recoveries.

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15 kilometer strike

2 kmdepth

J-M Reef Deposit (Sibanye-Stillwater)

ChromeMountain

IronMountain

Wild West

Long-section through Stillwater WestMagnetic Vector Inversion (MVI) results showing kilometer-scale exploration targets (pink areas) that continue below the five known mineralized zones at Stillwater West (yellow text). Potential for significant depth extension, including possible magmatic feeder zones.

Crescent

MV

I Su

scep

tib

ility

Magmatic Targets

Magmatic Targets

Cross-section IM-18

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Stillwater West PGE-Ni-Cu ProjectKilometer-Scale Magmatic Targets in a Famously Metal-Rich District

Camp

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Stillwater West PGE-Ni-Cu ProjectIron Mountain Target Area – Cross-Section IM-18

Total Platinum Equivalent (TotPtEq g/t) and Total Nickel Equivalent (TotNiEq %) calculations reflect total gross metal content using metals prices as follows (all USD): $6.00/lb nickel (Ni), $3.00/lb copper (Cu), $20.00/lb cobalt (Co), $900/ozplatinum (Pt), $1,400/oz palladium (Pd), and $1,400/oz gold (Au). Values have not been adjusted to reflect metallurgical recoveries. Total metal equivalent values include both base and precious metals. Nickel equivalent values may be converted to copper equivalent values by multiplying the NiEq value by the price ratio of the two (ie times two per the above prices), such that 0.5% NiEq equates to 1.0% CuEq. Intervals are reported as drilled widths, and are believed to be representative of true widths.

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Stillwater West PGE-Ni-Cu Project

Highlight intercepts with grade-thickness values over 100 gram-meter TotPtEq are presented above, except as noted. Total Platinum Equivalent (TotPtEq g/t) and Total Nickel Equivalent (TotNiEq %) calculations reflect total gross metal content using metals prices as follows (all USD): $6.00/lb nickel (Ni), $3.00/lb copper (Cu), $20.00/lb cobalt (Co), $900/oz platinum (Pt), $1,400/oz palladium (Pd), and $1,400/oz gold (Au). Values have not been adjusted to reflect metallurgical recoveries. Total metal equivalent values include both base and precious metals. Total platinum equivalent grade-thickness was determined by multiplying the thickness (in meters) by the Total Platinum Equivalent grade (in grams/tonne) to provide gram-meter values (g-m) as shown. Total nickel equivalent grade-thickness was determined by multiplying the thickness (in meters) by the Total Nickel Equivalent grade (in percent) to provide percent-meter values as shown. Nickel equivalent values may be converted to copper equivalent values by multiplying the NiEq value by the price ratio of the two (ie times two per the above prices), such that 0.5% NiEq equates to 1.0% CuEq. Intervals are reported as drilled widths, and are believed to be representative of true widths.

HGR Zone at the Iron Mountain Target Area - 2019 Drill Results

Assuming a 1.5g/t PtEq cut-off grade:141m @ 2.59g/t PtEq, or

“ 0.57% NiEq, or“ 1.14% CuEq

Assuming a 0.5g/t PtEq cut-off grade:272m @ 1.90g/t PtEq, or

“ 0.42% NiEq, or“ 0.84% CuEq

2019 Drill Results, HGR Zone at the Iron Mountain Target Area

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Stillwater West PGE-Ni-Cu ProjectNext Steps

2017 - 2018• Initial acquisitions (project, data, core)• Expansion of land position• Data compilation and modeling• Geological sampling and mapping field programs

2019• Initial phase of data modeling at priority targets – COMPLETE• Data work on less advanced areas – ONGOING • 3D target modelling – COMPLETE• Ground exploration program – COMPLETE (RESULTS PENDING)

‒ Geological sampling, mapping, and soils programs to advance earlier stage targets for potential drilling in 2020

• Drill test priority targets – COMPLETE (RESULTS PENDING)‒ Expand known drill-defined mineralization in terms of both scale and

grade at Chrome Mountain, Camp Zone, and Iron Mountain‒ Offset higher grade mineralized intercepts‒ Drill adjacent, untested, highly conductive targets ‒ Potential to quickly develop mineral resources

Upcoming News• Exploration results• Updated block model results• 2020 exploration program• Potential additional agreements on secondary projects

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Capital Structure and Relative Share Performance

PGE.V - GROUP TEN METALS

JJNTF - Nickel ETF

PPLT – Platinum ETF

PALL – Palladium ETF

CDNX – TSX Venture Index

As of Feb. 21, 2020

Share Ownership Share price (as of February 21, 2020) C$0.26

Basic shares outstanding 106M

Options 10M

Warrants 33M

Fully diluted shares outstanding 149M

Market capitalization (basic) $28M

Cash balance1 (no debt) ~C$3M

Potential cash from in-the-money securities ~C$7M

Retail - 35%

Institutional20%

HNW - 16%

Mgmt & Associates - 29%

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TSX: PGE.V | OTCQB: PGEZF | FSE: 5D32

@grouptenmetals

Group Ten Metals Inc.Suite 904 - 409 Granville Street

Vancouver, BC, Canada, V6C 1T2Email: [email protected]

Tel: 604.357.4790Toll Free: 888.432.0075

www.grouptenmetals.com

mailto:[email protected]

http://www.grouptenmetals.com/

GRADE. SCALE. LOCATION. INFRASTRUCTURE. · 14 large-scale (multi-kilometer) exploration target...

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Transcript of GRADE. SCALE. LOCATION. INFRASTRUCTURE. · 14 large-scale (multi-kilometer) exploration target...