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Kilmallock (UMR) and Ballywire (Group Eleven) are geographically close.

Ballywire has done fantastically well.

Result is a 300mill market cap for the ballywire discovery. for Group eleven.

UMR’s Kilmallock project sits along the Rathdowney Mineralising Trend in the Irish Midlands, approximately 8 km along strike from Group Eleven’s Ballywire discovery. While Kilmallock is still an early-stage exploration target, Ballywire has already delivered high-grade, polymetallic drill results, confirming the trend’s economic potential.

This proximity is significant: both projects target the same Irish-type Zn-Pb-Cu-Ag system, hosted in carbonate-faulted structures. Ballywire’s proven strike length (>3 km) and grades provide a clear geological analogue, highlighting Kilmallock’s potential upside along a district that has already produced multiple high-grade deposits.

In short: Kilmallock is strategically positioned along a corridor validated by Ballywire, offering early investors optionality on a trend known to deliver economic mineralisation — though it remains an early-stage play awaiting drill confirmation.

Copper up to 15,460 tonnes - about $13,700/t WORTH about $212m

Silver up to 1.4m oz about $64/oz about WORTH ABOUT $90m

Total gross metal value about $300m

If it works:

UMR gets 75% of a tailings project where the ore is already mined, crushed and sitting at surface. That could mean lower capex than a conventional mine. If recoveries are commercial, even modest copper production could justify a valuation well above today’s microcap level.

UMR’s market cap is only around £2m–£2.5m, so even a small recoverable percentage looks huge against the current valuation