Amaroq Ltd. · LSE:AMRQ
Amaroq — Amaroq Minerals — Q2 2024 Earnings Presentation
21 slides from Amaroq's earnings presentation, Aug 14, 2024
Slide 1: Q2 2024 Results Presentation
Q2 2024 RESULTS PRESENTATION 14 August 2024 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: Resource Development Strategy
AMAROQ MINERALS LTD RESOURCE DEVELOPMENT STRATEGY Unlocking value from Greenland’s gold and strategic mineral wealth 1 2 3 4 Shortest, lowest risk Nalunaq cashflow to Targeting world class Opportunistic and path to cashflow via self-fund and unlock deposits while nimble to accelerate the re-developm
Slide 4: Corporate Overview
CORPORATE OVERVIEW Amarog Minerals
Slide 5: Q2 2024 Highlights
Q2 2024 HIGHLIGHTS Engineering commenced Greenlandic for phase 2 of Nalunaq Stendalen drill Government Approval process plant programme for Nalunaq building, with plant pad preparations underway EIA and SIA earthworks complete Heads of Terms agreed Appointment of Ellert for US$35m Revolving Presenta
Slide 6: Q2 2024 Financial Results
Q2 2024 FINANCIAL RESULTS Canadian $ Millions Q2 2024 Q1 2024 Capital Assets 85.54 60.77 - Construction in Progress 85.54 55.98 Prepaid expenses and others 19.59 17.47 Supplies Inventory 7.77 2.88 Escrow for Environmental Rehabilitation 5.72 5.70 6-month ended 3-month ended Selected Cash Movements r
Slide 7: Liquidity and Assets
LIQUIDITY AND ASSETS Canadian $ Millions 30 Jun 2024 31 Mar 2024 Cash on hand 31.66 65.09 Undrawn Credit Facilities - Revolving Credit Facility (USD 18.5M Expiry: September 1, 2025) 25.30 25.05 - Cost Overrun Facility (USD 10.0M Expiry: September 1, 2025) 13.68 13.54 Trade and other payables (8.49)
Slide 8: Nalunaq Gold Project Update
NALU NAQ GOLD PROJECT UPDATE
Slide 9: Nalunaq Development Update
NALUNAQ DEVELOPMENT UPDATE Slide: 8 Amaroq Minerals: Corporate Profile
Slide 10: Nalunaq: Q2 2024 Project KPIs
NALUNAQ: Q2 2024 PROJECT KPIS Project report as of 30 June 2024 ✓ Permitting: The Government of Greenland approved the Environmental Impact Q2 2024: Key Statistics Assessment (EIA) and Social Impact Assessment (SIA) for the Nalunaq project in June 2024. The Company is now working with stakeholders o
Slide 11: Exploration Update
Amarog Minerals EXPLORATION UPDATE
Slide 12: 2024 Exploration Programme
2024 EXPLORATION PROGRAMME Regional Additional Porphyry and Sava / North Sava Ni/Cu target generation Nanoq Continued target generation Positioning to allow assessing high grade zones and drilling in 2024/25 Kobberminebugt additional porphyry copper Fuller review of data and bodies geological reconn
Slide 13: Nalunaq Resource Growth
NALUNAQ RESOURCE GROWTH Target Block Extension Slide: 12 Amaroq Minerals: Corporate Profile
Slide 14: Nalunaq Resource Growth
NALUNAQ RESOURCE GROWTH Target Block Extension Mountain Block UG Exploration Drilling Surface Exploration Drilling 770m Mountain Surface Sampling Last mine stope UG Mapping and Sampling Target Block South Block Mineral Corridor predicted by the 775m Dolerite Dyke Model Slide: 13 Amaroq Minerals: Cor
Slide 15: Stendalen Drill Programme: Drill Pad Preparations
STENDALEN DRILL PROGRAMME: DRILL PAD PREPARATIONS Slide: 14 Amaroq Minerals: Corporate Profile
Slide 16: Stendalen Drill Programme: Drill Pad Preparations
STENDALEN DRILL PROGRAMME: DRILL PAD PREPARATIONS Ground Geophysics A A B Proposed 2024 Drill Holes B Ground MT survey providing significant further detail on Stendalen Cu/Ni sulphide targets with core drill plans designed to intersect the interpreted ‘feeder’ zone. Slide: 15 Amaroq Minerals: Corpor
Slide 17: 2024 Outlook & Upcoming Newsflow
2024 OUTLOOK & UPCOMING NEWSFLOW
Slide 18: 2024-25 Milestones / News Flow
2024-25 MILESTONES / NEWS FLOW Q2-2024 Q3-2024 Q4-2024 Q1-2025 Q2-2025 Q3-2025 Q4-2025 Q1-2026 Q1 Q1 NALUNAQ Surface UG Drilling 1st Gold Phase 1 MRE4 Phase 2 Steady State MRE5 Drilling Commission Commission Operation EXPLORATION Start of Initial Exploration Start of Initial Exploration Exploration
Slide 19: Summary
SUMMARY Cornerstone Nalunaq Increase and extension of Drill programme development programme $35m debt financing preparations at Stendalen progressing towards first package with underway gold in 2024 Landsbankinn Slide: 18 Amaroq Minerals: Corporate Profile
Slide 20: Q&A
Q&A Slide: 19 Amaroq Minerals: Corporate Profile
Slide 21: 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