Slide 1: Nalunaq Updated Mineral Resource Estimate (MRE3)
NALUNAQ UPDATED MINERAL RESOURCE ESTIMATE (MRE3) www.amaroqminerals.com | AIM: AMRQ; TSXV: AMRQ
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: Mineral Resource Estimate Update Highlights
MINERAL RESOURCE ESTIMATE UPDATE Highlights • The new Mineral Resource Estimate (referred to as MRE3) has been reported in accordance with CIM Definition Standards by SRK Consulting (UK) Limited and comprises a total Inferred Mineral Resource of 355 Kt @ 28.0g/t Au for 320 Koz gold. • This constitut
Slide 4: Nalunaq Location
NALUNAQ LOCATION High Grade Gold Mineralization within the Nanortalik Gold Belt Nalunaq Mine – Main Vein Outline • Yellow Licence Area = Nalunaq Access Road Amaroq Gold Licences • Green Licence Area = Nalunaq Port Amaroq Strategic Metal Licences Nalunaq Camp 0 10km Slide: 3 Nalunaq Updated Mineral R
Slide 5: Updated Mineral Resource Estimate Results
UPDATED MINERAL RESOURCE ESTIMATE RESULTS Mineral Resource Statement for Nalunaq gold Mineral Resource Sensitivity to Cut-off Grade deposit, Greenland, as of 3rd September 2022 Zone Classification Tonnes Grade Contained Cut-off Grade Effective Gold price Change in Gold (t) (g/t Au) (Oz Au) (g/t Au)
Slide 6: Reported Global Gold Resources Ranked by Average Grade
UPDATED MINERAL RESOURCE ESTIMATE RESULTS Reported Global Gold Resources Ranked by MRE3, guided by Amaroq’s new geological model (the Dolerite Dyke Average Grade model), has increased the definition of the high-grade zones within the 70.0 Main Vein and separated these from lower grade areas. This ha
Slide 7: Example Figures from MRE3
UPDATED MINERAL RESOURCE ESTIMATE RESULTS Example Figures from MRE3 Main Vein Extend Core Drilling and High-Grade Zone Defined by the Dolerite Dyke Model Plan View of Resource Model Block Model Extent of Main Vein Mountain Block Depletion Solids Created from Detailed Underground Surveys Target Block
Slide 8: New Data and Key Updates to MRE2
NEW DATA AND KEY UPDATES TO MRE2 Data, Independent Technical Studies and Estimation Updates New Data / Technical Studies • Update incorporates drilling from both the 2020/2021 seasons equating to13,065m from 61 core drillholes predominately from the Valley Block, but also across the deposit in order
Slide 9: New Data - Drilling
NEW DATA - DRILLING 61 new core drillholes totaling 13,065m completed during the 2020 and 2021 seasons • Focused predominantly on the newly defined Testing geological Valley Block area with multiple visible gold models intersections. • Particular highlights include: • Hole AEX21044 – 0.50m @ 139.0g/
Slide 10: New Data - Valley Block Intersections
NEW DATA – VALLEY BLOCK INTERSECTIONS Long Section of Valley Block high-grade zone confirming mineralized Main Vein up dip and along strike from historical intersections Schematic longitudinal section through Valley Block looking north Topography NQ133 - 10.7 g/t over 0.2 m AEX1804 - 46.0 g/t (2005)
Slide 11: New Data - The Dolerite Dyke Model
NEW DATA - THE DOLERITE DYKE MODEL Multiple cross cutting Dolerite dykes creating Drilling data validation a new structural model multiple potential valve sites • A new working model to predict the location and extent of minable high- grade zones of the deposit. • Works on the premise that mineraliz
Slide 12: New Data - The Dolerite Dyke Model: Predicting High-Grade Zones
NEW DATA - THE DOLERITE DYKE MODEL Predicting locations of high-grade zone therefore aiding further targeting Mountain Block ~35Koz • Development of the Dolerite Dyke Model has resulted in Target Block ~250Koz the delineation of a series of prospective domains that host high-grade zones. • These pro
Slide 13: Updated Estimate Procedures
UPDATED ESTIMATE PROCEDURES Estimation Procedural Updates Following Detailed Independent Reviews and Incorporating the Dolerite Dyke Model • Amaroq commission both InnovExplo and SRK to review past estimations at Nalunaq as well as the underlaying data in order to construct the most robust manner to
Slide 14: Contact Us
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: AMRQ; TSXV: AMRQ