Amaroq Ltd. · LSE:AMRQ
Amaroq — Amaroq Minerals — Q1 2025 Earnings Presentation
15 slides from Amaroq's earnings presentation, May 14, 2025
Slide 1: Q1-2025 Results
Q1-2025 RESULTS 14 MAY 2025 www.amaroqminerals.com | AMRQ www.amaroqminerals.com | AMRQ Amaroq Minerals Ltd. is a Greenland-focused mining company engaged in the identification, acquisition, exploration and development of gold and strategic metals properties in Greenland.
Slide 2: Disclaimer and Technical Information
DISCLAIMER AND TECHNICAL INFORMATION The information contained herein has been provided solely for information purposes and does not purport to be comprehensive or contain all the information that may be required by recipients to evaluate Amaroq Minerals Ltd (the “Company”). The presentation and the
Slide 3: Q1 2025 Results Presentation
Q1 2025 RESULTS PRESENTATION Eldur Olafsson Ellert Arnarson Ed Westropp James Gilbertson CEO CFO Head of BD and Corporate Affairs VP Exploration Slide: 2 Amaroq Minerals: Q12025 Presentation
Slide 4: Amaroq Minerals
AMAROQ MINERALS The Premier Gateway to Greenland’s Resource Potential Nalunaq AS Greenland Gold Production and Exploration Gardaq AS Strategic Mineral JV Suliaq AS Mining and Logistical Service Company Formation of Renewable Energy Company Amaroq Minerals is unlocking Greenland’s vast mineral potent
Slide 5: Greenland Supporting Growth in the Nordics
Malmbjerg Black Angel Mo/Cu AMAROQ MINERALS Zn/Ag/Pb Greenland Supporting Growth in the Nordics Disko Ni/Cu/PGE Members of The European Self-governing country within Raw Materials Alliance the Kingdom of Denmark (ERMA) with +90 Operating closely associated with the EU, Skaergaard Au/Pd/Pt Companies
Slide 6: Q1-2025 Highlights
Q1-2025 HIGHLIGHTS First Quarter of 2025 – Construction, commissioning & calibration at the cornerstone Nalunaq mine Construction and Typical commissioning 51% increase in Nalunaq Mineral Resource with commissioning of the issues in Southern an increase to Indicated process plant at Nalunaq Greenlan
Slide 7: Q1 2025 Financial Results
Q1 2025 FINANCIAL RESULTS Canadian $ Millions Q1 2025 Q4 2024 Capital Assets 183.5 160.9 - Construction in Progress 177.7 154.9 Prepaid expenses and others 9.0 10.2 Supplies Inventory 5.7 7.3 Metals Inventory 7.8 2.9 Escrow for Environmental Rehabilitation 7.1 6.8 3-month ended 12-month ended Select
Slide 8: Liquidity and Assets
LIQUIDITY AND ASSETS Canadian $ Millions Mar 31 2025 31 Dec 2024 Cash on hand 16.7 45.2 Undrawn Credit Facilities 23.7 23.7 Trade payables and accrued liabilities (17.0) (18.4) Short Term Liquidity 23.4 50.5 Total Assets 252.1 256.0 Equity Ratio 78.3% 78.5% Investment in Gardaq Joint Venture 14.5 14
Slide 9: Gold Portfolio: Nalunaq
GOLD PORTFOLIO NALUNAQ Amaroq Minerals: Q12025 Presentation
Slide 10: Nalunaq A/S: Commissioning of Greenland's Newest Mine
NALUNAQ A/S Commissioning of Greenland’s Newest Mine Mine Metrics 484koz Au 30g/t Au Updated Mineral Resource Resource Grade 151koz Au 300tpd Maiden Indicated Resource Targeted Mining Rate LHOS 150 - ~50% Mining Method Head Count (Greenlandic) ~350koz Au ~10 Years Historical Production Mine Life 27h
Slide 11: Nalunaq Resource Growth
NALUNAQ RESOURCE GROWTH Mineral Resource Update - MRE4 Updated Mineral Resource Resource Growth from MRE3 484koz @ 30 g/t Au 51% Proportion at Indicated Level Additional Drilling 33% 13.8Km Mineral Resource Statement for Nalunaq gold deposit, Greenland, as of 26th March 2025 Classification Tonnes (t
Slide 12: 2025 Programme Outline
2025 PROGRAMME OUTLINE MINTURN Cu/Au Exploration Towards Scout Resource Drilling Copper Belt Target Drilling Programme Generation UKALEQ GARDINER TARGET NORTH REE/Nb Exploration NANOQ TARGET WEST ILLERFISSALIK JOSVA VAGAR RIDGE EAGLE’S NEST STENDALEN Stendalen Cu/Ni/Co Exploration Nalunaq Mine Satel
Slide 13: 2025 Outlook
2025 OUTLOOK: Focus on optimising operations at Nalunaq through Phase-1 commissioning Positive progress with ave. Amaroq continue to target a Phase 2 construction and processing rates continuing to processing run rate of 300t/d by installation at Nalunaq planned improve into Q2 2025, when YE-2025 fo
Slide 14: Q&A
Q&A Slide: 13 Amaroq Minerals: Q12025 Presentation
Slide 15: Contact Us
www.amaroqminerals.com www.amaroqminerals.com CONTACT US AMAROQ MINERALS LTD 3400 One First Canadian Place, PO Box 130, Toronto, On, M5X 1A4, Canada Eldur Olafsson, Chief Executive Officer AIM, TSXV, Nasdaq: AMRQ AIM, TSXV, Nasdaq: AMRQ