Amaroq Ltd. · LSE:AMRQ
Amaroq — Amaroq Minerals — Investor Presentation (February 2024)
23 slides from Amaroq's investor presentation, February 2024
Slide 1: Corporate Presentation
CORPORATE PRESENTATION February 2024 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: Our Purpose: Creating a Greenlandic Legacy
OUR PURPOSE: CREATING A GREENLANDIC LEGACY Empowering Greenland to become a strategic supplier of gold and the materials needed to power a greener future Feeding the Global Bringing Long-term Building a Green Transition Value to Greenland Responsible Future Meeting the universal critical Investing i
Slide 4: Greenland – A Growing Mining Jurisdiction for Investment
GREENLAND – A GROWING MINING JURISDICTION FOR INVESTMENT Citronen 32 Active Explorers/Developers Across 20 Commodities Zn/Pb Government supportive of Greenland is a self-governing country Following glaciation, the mining industry to diversify within the Kingdom of Denmark. It is exceptional bedrock
Slide 5: Amaroq Minerals Ltd Resource Development Strategy
AMAROQ MINERALS LTD RESOURCE DEVELOPMENT STRATEGY Unlocking value from Greenland’s gold and strategic mineral wealth Shortest, lowest risk path to cashflow via the re-development of Nalunaq Nalunaq cashflow to self-fund and unlock the true mineral potential of Greenland Targeting world class d
Slide 6: Financing Overview
FINANCING OVERVIEW Opportunity to accelerate Amaroq’s growth in precious & strategic metals High-quality Board & Icelandic register with Management Shareholding Ticker significant AMRQ institutional 11.36% Over 50% Financing Overview shareholders Listed US$55.8m raised in Iceland and London to 202
Slide 7: Listing on Nasdaq Iceland's Main Market
LISTING ON NASDAQ ICELAND’S MAIN MARKET Amaroq listed on Nasdaq Main Market in Iceland in September 2023, sitting alongside the Company’s existing TSX-V and AIM listings 15 FTSE January 2024 Admission to OMX February 2024 Iceland 15 Index. Secured $55.8 additional funding to fast-track Constituent i
Slide 8: Highlights Since Nasdaq Iceland Listing
HIGHLIGHTS SINCE NASDAQ ICELAND LISTING Amaroq has reached several milestones since Nasdaq Iceland listing 155 10.0 Stendalen Sava drilling Results results Listing on 135 Nanoq 8.0 Nasdaq Iceland Main Market exploration results Kobberminebugt exploration results Nanoq Sava exploration £46m 115 explo
Slide 9: Nalunaq: Major Development Milestones
NALUNAQ: MAJOR DEVELOPMENT MILESTONES Track record of delivery towards commissioning 2020-2021 2022 2023 2024 2025 Stages 1 and 2 Stage 3 Stage 4 Stage 5 Stage 6 Project planning Project definition Project development Commissioning & ramp-up • Phased ramp-up to ~300tpd process plant • £42.
Slide 10: Nalunaq: Q4 2023 Project KPIs
NALUNAQ: Q4 2023 PROJECT KPIS Project report as of 31 December 2023 Q4 2023: Key Statistics Permitting: Public consultation for the Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA) for Nalunaq commenced. 33 ONE Contracting: Key contracting processes for the processing pla
Slide 11: Nalunaq Project Delivery Timetable: 2023 - 2025
NALUNAQ PROJECT DELIVERY TIMETABLE: 2023 - 2025 A development programme focused on bringing Nalunaq into production to generate cashflow to fund further opportunities* 2023 2024 2025 CONTRACTORS Contracting SELECTED Engineering TRIAL MINING & PROCESSING TO FULL PRODUCTION Mining EIA & SIA Constructi
Slide 12: Nalunaq – Future Operating Mine Layout
NALUNAQ – FUTURE OPERATING MINE LAYOUT MINING FRONT 1 Underground Production, Surface Processing and Camp and Port MOUNTAIN BLOCK MINING FRONT 2 TARGET BLOCK HARBOR CAMP TRIAL MINING AREA TEMP FUEL STORAGE MOUNTAIN MINE ROAD BLOCK MINING FRONT 3 VALLEY BLOCK 450 LEVEL TARGET BLOCK 300 PORTAL TAILING
Slide 13: Nalunaq Mine Development
In addition to the initial trial NALUNAQ MINE DEVELOPMENT mining face, three additional mining fronts have been Three potential mining fronts towards 300tpd identified. Trial Mining Area Mining Front 1. Mountain Block ~35Koz mined Additional development into the 75 Vein following positive High-grade
Slide 14: Nalunaq Resource Growth
NALUNAQ RESOURCE GROWTH 75 Vein Exploration Proposed underground drilling targeting 75vein Developing Out the Newly Discovered High-Grade Vein • Newly discovered mineralized vein confirmed in hanging wall above the Main Vein with a similar extent, thickness and grade. • Up to 256g/t Au over 0.5m (ab
Slide 15: Largest Mineral Licence Holder in Greenland
LARGEST MINERAL LICENCE HOLDER IN GREENLAND High potential Gold and Strategic mineral projects on three Mineral Belts North Sava South Greenland Sava Copper Belt (Cu/Au) Copper Belt Johan Dahl Land Target North Target West Nanoq (Au) Kobberminebugt (Cu) Eagle’s Nest (Au) Paatasoq (REEs) Vagar (Au) N
Slide 16: Advanced Gold Targets
ADVANCED GOLD TARGETS Amaroq Minerals looks to develop further gold opportunities across South Greenland, Additional funding to promote 2025 objective into 2024 Vagar / Nalunaq Satellite Areas Au Nanoq 79 29 Cu 79 Au Drilling & Geological Drilling & Geological Reconnaissance Reconnaissance 2023 Achi
Slide 17: Advanced Strategic Mineral Targets
ADVANCED STRATEGIC MINERAL TARGETS Amaroq is conducting renewed exploration on strategic mineral targets via its Gardaq JV. Additional funds to provide additional cash injection Sava Au Stendalen 79 29 Cu 22 Ti 29 Cu 23 V 28 Ni 42 Mo 41 Nb Drilling & Geophysics, Geochemistry Drilling Geophysics Reco
Slide 18: Full Cycle Asset Portfolio
FULL CYCLE ASSET PORTFOLIO Amaroq’s leading mineral licence acreage in South Greenland provides a robust portfolio of attractive projects across the life-cycle, each with strong potential for gold, base metals and strategic minerals Amaroq’s Geology and Discovery team have Stendalen worked tirelessl
Slide 19: Key 2023 Exploration Outcomes
KEY 2023 EXPLORATION OUTCOMES Exploration success across multiple targets and commodities Confirmed extension of high-grade mineralization beyond mining area at Nalunaq with grades up to 182g/t Au over 0.69m. Discovery of the high grade 75 Vein at Nalunaq with up to 256g/t Au over 0.5m Confirm
Slide 20: 2024 Milestones / News Flow
2024 MILESTONES / NEWS FLOW NALUNAQ NANOQ VAGAR SAVA STENDALEN REGULATORY Exploration JAN 2023 Results Process Plant update construction 2023 Results Q1 FEB start EIA & SIA Consultation FY 2023 MAR Quarterly Results Construction Update EIA & SIA Interpretation APR conclude Update Q1 2024 Q2 MAY Quar
Slide 21: Investing in Creating a Greenlandic Legacy
INVESTING IN CREATING A GREENLANDIC LEGACY Unlocking mineral potential spearheaded by cashflow generation from Nalunaq 2022 2023 2024 Exploration Stage Development Stage NALUNAQ Achieved Development 2022 2023 2024 Stage 3 Precious Metal Exploration Exploration Vagar Ridge, Nanoq planning Achieved De
Slide 22: Highly Experienced Board and Executive Management Team
HIGHLY EXPERIENCED BOARD AND EXECUTIVE MANAGEMENT TEAM Eldur Olafsson Jaco Crouse Joan Plant Founder, President & CEO Chief Financial Officer, Executive Vice Board Member Board Member President BOARD MEMBERS MANAGEMENT TEAM Graham Stewart Warwick Morley-Jepson Non-Executive Chairman Non-Executive Di
Slide 23: 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, TSXV, Nasdaq: AMRQ
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