Amarc Resources Ltd. · TSXV:AHR
Amarc Resources — Investor Presentation (September 2026)
44 slides from Amarc Resources's investor presentation, September 2026
Slide 1: Amarc Resources
Amarc Resources Defining the AuRORA Gold-Copper Deposit Key to the Toodoggone September 2026 TSXV: AHR | OTCQB: AXREF | FSE: AQ5 1
Slide 2: Cautionary and Forward-Looking Statement Information
Cautionary and Forward-Looking Statement Information This presentation includes certain statements that may be deemed "forward-looking statements". All such statements, other than statements of historical facts that address exploration plans and plans for enhanced relationships are forward-looking s
Slide 3: Amarc at a Glance
3 BC Districts, 1,970 KM2 Proximal to Key Infrastructure Amarc Golden Bear Mine AuRORA JOY – AuRORA at a Gold-Copper Deposit Discovery Tier 1 District Potential Kemess South Aley Glance $144 M DUKE Mt. Milligan Strategic Partner Funding Freeport-McMoRan & Boliden Standout Potential Beyond the $250 M
Slide 4: Investment Highlights
Investment AuRORA Discovery Drill Holes High Grade Near Surface Highlights Hole Interval Gold Copper Silver (m) (g/t) (%) (g/t) AuRORA – GREENFIELD 57* 70 2.6 0.42 5.0 DISCOVERY ANCHORS THE 60 130 2.4 0.61 5.3 EMERGING TIER 1 POTENTIAL OF JOY GOLD-COPPER DISTRICT 75 266 1.2 0.31 3.4 80 132 1.9 0.63
Slide 5: Amarc Team Leaders
Amarc Team Dr. Diane Nicolson Mark Rebagliati P.Eng. Leaders President & CEO • 20+ years of experience leading successful global mineral exploration teams Sr. Technical Advisor • 40+ years of global exploration experience focused on porphyry deposits primarily in the copper-gold • Canadian Mining Ha
Slide 6: Hunter Dickinson Team
Niblack Project Primary Hunter Dickinson Golden Bear Mine* Commodity Copper Team Pebble Kemess Project South Kemess Mine* Olza Project Gold Kemess North Deposit Project Nugget Deposit Others Milligan Mine Mt Milligan Deposit 40 Years of Global Copper- Southern Star Deposit Gold Discovery, Developmen
Slide 7: JOY District AuRORA
JOY District Gold-Copper-Silver AuRORA Gold-Copper Discovery Emerging as Cornerstone to the Tier 1 Potential of JOY District, the Key to the Toodoggone 630 AuRORA $110 M +$20 M 40% Square Gold-Copper Freeport-McMoRan 2026 Exploration Current Kilometers Discovery Partner Funding Program Interest TSXV
Slide 8: JOY District: The Key to Unlocking the Toodoggone
JOY District Dease Lake Kutcho 100 Kilometres The Key to Unlocking the Toodoggone Saddle North TOODOGGONE Canada’s next Golden Triangle Red Chris Ranch Schaft Creek GOLDEN TRIANGLE TOODOGGONE Lawyers Brenda Galore Creek GOLDEN Baker JOY - AuRORA M&A Activity since 2018: TRIANGLE Shasta Kemess North
Slide 9: Toodoggone
Toodoggone (Centerra, AngloGold Ashanti) 5.21 Moz AuEQ3 Drill Program | 2026: 20,000 m5 Potential +30 Moz Ranch Drill Program | 2026: 15,000 m9 Gold District Lawyers NUB Drill Program | 2025: 13,650 m8 Shasta BRENDA (Skeena) Current Past Total AuRORA Company Resource Production Resource PINE (Moz Au
Slide 10: JOY Joint Venture District Mineralization
Finlay Pil JOY Joint Option Venture District BRENDA Deposit NUB Newly Defined AuRORA Trend Amplifies JOY District’s Tier 1 Potential Tenure WHITE TDG ROE PASS NWG Canasil 3 Au-Cu Deposits Brenda Option AuRORA Gold-Copper Deposit Discovery PINE Deposit PINE and Brenda Historical Deposits AURORA Depos
Slide 11: AuRORA Gold-Copper Deposit
AuRORA Gold-Copper Deposit High Grade Near Surface, Excellent Continuity, Open to Expansion Looking Looking Southeast Northwest ROE ROE Road Access Deposit Deposit Area Area Drilled Drilled (as of 2025) NWG Target Sulphide System Area NWG Target Sulphide System Area Road Access 11
Slide 12: TDG Tenure
Finlay Pil Option Northwest New Zone Gossan (NWG) AuRORA Porphyry TDG Tenure Au-Cu-Ag Discovery ROE Hosts AuRORA Canasil • Current Focus: AuRORA Brenda Option1 Expansion Drilling, Drilling the Balance of NWG Sulphide Discovery New Zone Hole 57 System Legend • Expanded Property to Protect AuRORA Dril
Slide 13: AuRORA Deposit Discovery Tier 1 District Potential
TDG Tenure New Zone AuRORA OPEN 300 Metres Deposit Discovery OPEN OPEN Tier 1 District Potential Cross Section 7900 N • High Grade Near Surface, Continuous Mineralization OPEN Legend • 2025 Focus Deposit Step-Out Au Mineralization Cu Mineralization Delineation Drilling OPEN 57 AuRORA Drill Hole 20 m
Slide 14: Cross Section 7900 N – AuRORA
Cross Section 7900 N – AuRORA – Looking North West East AuRORA 77 68 93 Gold- 73 63 60 107 75 Copper OPEN Deposit 41 m of 0.41% Cu, 0.89 g/t Au, 4.8 g/t Ag 192 m of 0.25% Cu, 0.52 g/t Au, 2.6 g/t Ag 2025 Step-Out Drilling Continued to Discover More Legend Au g/t 0.15 Cu % 0.15 Au g/t Near Surface Re
Slide 15: Long Section – Looking Northeast
Long Section – Looking Northeast NW SE 98 112 115 79 96 82 86 75 AuRORA 119 109 91 89 83 Gold- Copper OPEN Deposit 311 m 2025 Step-Out Drilling Continued to Discover More Legend Au g/t 0.15 Cu % 0.15 Au g/t Near Surface Reference Lines Cu % 200 M AuROAR Open-Ended Drill Hole Mineralization 15
Slide 16: AuRORA Select Discovery Assay Results
AuRORA Select Discovery Assay Results High Grade and Open-Ended Au-Cu-Ag Porphyry Discovery Int. 1,2,3 From Au Cu Ag Drill Int. 1,2,3 From Au Cu Ag Drill Hole Incl. Incl. (m) (m) (g/t) (%) (g/t) Hole (m) (m) (g/t) (%) (g/t) JP24057 82 18 1.24 0.38 2.47 JP24074 108 111 and 3.09 0.82 9.0 (Cont’d) 42 5
Slide 17: AuRORA Mineralization
Au g/t AuRORA TUFF QSP 108 m Mineralization 3.1 g/t Au INTR POTASSIC QSP Continuous High Grade Intercepts1 57 m High Au grades are NOT STRONGLY ALTERED POTASSIC ~4:1 2.4-8.0 g/t being carried by a few high Au numbers Most discovery holes exhibit similar grade continuity 1. Hole JP24074. 17
Slide 18: AuRORA Trend Mineralization Tenure
AuRORA Trend Finlay Pil Option BRENDA Deposit 2 Kilometres Pil South Another Large-Scale Porphyry Tenure TDG Reef Trend Defined East of AuRORA • AuRORA Au-Cu Deposit WHITE NWG • 7 KM2 Sulphide System PASS • Underexplored ROE Canasil NWG To Be Surveyed Brenda Option • New 4.5 KM2 Sulphide System ROE
Slide 19: AuRORA Trend
12 KM AuRORA Trend Extending East from the AuRORA Gold-Copper Deposit AuRORA Brenda NORTHWEST NEW ROE WHITE GOSSAN (NWG) TARGET PASS 19
Slide 20: PINE Trend
10 KM PINE Trend • District Scale PINE, CANYON and TWINS Porphyry Cu-Au Sulphide Systems • Similar geological setting to Kemess, Red Chris, KSM and Saddle North PINE DEPOSIT CANYON TWINS 6 KM2 Sulphide System 5 KM2 Sulphide System 8.5 KM2 Sulphide System • Historical Deposit • Cu-Au Deposit Discover
Slide 21: PINE Trend
NE PINE PORPHYRY TREND AT JOY DISTRICT SW PINE PINE DEPOSIT 10 Kilometres CANYON DISCOVERY TWINS DISCOVERY Trend Classic Porphyry ≥ 14 mV/V IP Chargeability Model Au-Cu Deposit Trend Indicates Significant Sulphide Mineralization (All Trends Same Scale) Cross Section Viewing Southeast Cadia 5.5 KM Re
Slide 22: PINE Deposit
PINE Deposit Drilling Suggests Large Volumes of Au-Cu Mineralization PINE TARGET 6 KM2 MINERALIZED FOOTPRINT OUTLINED BY 14 MV/V CHARGEABILITY ANOMALY 2,600 M Mineralized Trend 1,700 M PINE Deposit Surface A C D F Surface G J G I A I H L E 600 m D E F B C M H J K B A 2022 Results1 2021 Results1 2024
Slide 23: TWINS Discovery Mineralization
TWINS Discovery Porphyry Au-Cu System Discovered Beneath 8.5 KM2 Au Bearing Lithocap 8.5 KM2 TWINS Sulphide System Legend A Section Looking Northwest A’ Legend 57 Drill Hole 106 Au g/t Cu % 67 m of 0.19 g/t Au, A - A’ 210 m of 0.14 g/t Au, Cross Section 0.03% Cu, 0.4 g/t Ag 51 113 Reference Lines 0.
Slide 24: CANYON Discovery Mineralization
CANYON Discovery Porphyry Cu-Au System Discovered Beneath 5 KM2 Au Bearing Lithocap 5 KM2 CANYON Sulphide System B Section Looking Northwest B’ Surface 36 46 43 30 42 195 m of 0.14% Cu, 0.09 g/t Au, 2.3 g/t Ag 46 59 m of 0.05% Cu, PIN09-14 42 0.18 g/t Au 57 m of 0.12% Cu, 265 m of 0.11% Cu, 0.08 g/t
Slide 25: JOY District Consolidating the Toodoggone
JOY District (Centerra, AngloGold Ashanti) stands as the key Consolidating Drill Program | 2026: 20,000 m5 to the Toodoggone Ranch AuRORA Deposit Drill Program | 2026: 15,000 m9 • Potentially One of BC’s Highest Grade Au-Cu-Ag Porphyry Discoveries Lawyers NUB Drill Program | 2025: 13,650 m8 • Rare C
Slide 26: DUKE District
DUKE District Copper-Molybdenum-Gold-Silver Duke Deposit Situated in Central BC’s Prolific Copper-Gold Babine Region with Key Infrastructure 808 $34 M $4 M 40% Square Completed Boliden 2026 Exploration Current Kilometers Partner Funding Program Interest TSXV: AHR | OTCQB: AXREF | FSE: AQ5
Slide 27: DUKE District
Takla Landing Legend DUKE Deposit DUKE District Hearne Deposit Claim Outline Joint Venture Town Highways Amarc/Boliden Gravel Roads Fort Babine DUKE NAK American Eagle South32/Teck Ferry Railway Hydro Power Transmission Line DUKE Deposit District Morrison Hearne Pipeline (Pacific Northern Gas Ltd.)
Slide 28: DUKE District
DUKE DUKE District Legend DUKE Deposit Deposit target District Hearne Deposit Joint Venture Pre-2025 Drill Hole Amarc/Boliden Claim Outline Town Gravel Roads Third Party Past Producer, Development Project Goal is to be a substantial party and Deposits DUKE Deposit Forestry Camp to the potential esta
Slide 29: DUKE Deposit
93 m of 0.29% CuEQ1 DUKE Legend DUKE JV Drill Hole Historical Drill Hole Deposit Faults 4 30 m of 0.47% CuEQ IP Chargeability (mV/V)* 38,39 70 208 m of 0.26% CuEQ 41 DUKE 84 m at 0.16% 126 m of 0.52% CuEQ 40 CuEQ Drilling has Offset 12 within 542 m of 0.33% CuEQ 15 93 85 69 m of 0.28% 94 Discovered,
Slide 30: IKE District
IKE District Copper ± Gold Situated for Success in South-Central BC with Key Infrastructure 532 2 100% Square Deposits Current Kilometers Interest TSXV: AHR | OTCQB: AXREF | FSE: AQ5
Slide 31: IKE District
To Prince George Gibraltar Horsefly IKE Alexis Creek Williams Lake 50 KM District To Bella Coola Hanceville Clearwater 100 Mile House One of the Most Yellowhead Prolifically New Prosperity Mineralized Regions in British Columbia Blackdome Clinton Industrial-scale Empress Maggie IKE Infrastructure Ca
Slide 32: IKE District
IKE District Interior Plateau IKE and Empress Deposits Coast Range IKE Empress East • Large-scale Cu-Mo-Ag Empress Deposit • 26 holes (15,500 m) Empress IKE • Cu-Au Historical Deposit IKE Mineralized • 9 holes (1,873 m) System1 • 27 Holes Relogged • 23 Holes Re-assayed District 3.0 KM Legend • Geoch
Slide 33: EMPRESS Deposit and EMPRESS EAST
EMPRESS Deposit and EMPRESS EAST Higher Grade Drill Intercepts Indicate Significant Expansion Potential A A’ Gold Enrichment Along CPC Boundary Empress Empress Gap Empress East OPEN Target Zone Potential for Major Discovery Surface Volcanics Intrusives Legend Coast Plutonic Complex Au g/t Cu % Refer
Slide 34: Appendices
Appendices TSXV: AHR | OTCQB: AXREF | FSE: AQ5 34
Slide 35: Capital Structure and Coverage
Ownership Capital Sutton Group 17% Structure and Retail Management Coverage 53% 17% Institutional Investors $22.5 M Cash and Equivalents 13% $250 M Market Capitalization Analyst Coverage: 246 M Shares Outstanding Institutional Investors: Fully Diluted Shares 251 M Outstanding 35
Slide 36: Strategic Investment: JOY Joint Venture
JOY Joint Venture The JOY District assets are held by AuRORA Minerals Ltd. (AML), a private JV corporation owned by Freeport McMoRan Minerals Properties Canada Inc., a wholly owned subsidiary of Freeport-McMoRan, and Amarc Strategic Partner Investment AML Ownership 60% 40% x Role Primary Operator Co
Slide 37: Freeport-McMoRan
Freeport-McMoRan Economic Returns of Porphyry Cu Deposits are Enhanced by Au Co-products ($USD) Sales from Mines for 3Q25 by Region1 (per lb of Cu) Note 1: Freeport-McMoRan Note 1: Freeport-McMoRan website https://fcx.com/ website https://fcx.com/ 37
Slide 38: Strategic Investment: DUKE Joint Venture
DUKE Joint Venture Mineral Property Joint Venture Agreement between Boliden Mineral Canada Ltd. (“Boliden”), a wholly-owned subsidiary of Boliden AB, and Amarc Strategic Partner Investment Current Interest 60% 40% x Role Majority Interest Operator Boliden AB A Multi-national Swedish Metals, Mining a
Slide 39: References and Advisories
References and Advisories TSXV: AHR | OTCQB: AXREF | FSE: AQ5
Slide 40: North America's Heartland for Copper-Gold Porphyries
North America’s Heartland for Copper-Gold Porphyries Resources at Select BC Porphyry Copper Mines, Past Producers & Projects1 Name Category Million Tonnes Cu % Au g/t Mo % Ag g/t Indicated UG 670 0.46 0.40 Red Chris A Indicated OP 240 0.30 0.36 Measured 425.7 0.44 0.29 4.1 GaloreO Indicated 771.2 0.
Slide 41: North America's Heartland for Cu-Au Porphyries
North America’s Heartland for Cu-Au Porphyries & Related Deposits Resources at Toodoggone Porphyry & Epithermal Projects Deposit Category k Tonnes Au (g/t) Cu (%) Ag (g/t) AuEQ Cont Au (koz) Cont Cu (klb) Cont Ag (koz) AuEQ (koz) Indicated Main OP 170,513 0.30 0.15 1.12 1,668 575 6,155 Indicated Sou
Slide 42: References for BC Porphyry Copper & Related Deposits
North America’s Heartland for Copper-Gold Porphyries References for BC Porphyry Copper & Related Deposits - Mines & Projects A. Red Chris Mine Indicated Resources OP 240 Mt at 0.30 g/t Au, 0.36% Cu at NSR C$16.10/t milled cutoff & UG 670 Mt at 0.46 g/t Au, 0.40% Cu at NSR 21.00/t milled cutoff; Newc
Slide 43: References and Advisories Continued
References and Advisories Continued Notes to Drill Hole Results 1. Widths reported are drill widths, such that true thicknesses are unknown. 2. All assay intervals represent length-weighted averages. 3. Some figures may not sum exactly due to rounding. Notes to Toodoggone Slide 1. Kemess – Centerra
Slide 44: Amarc's Responsible Mineral Development Policy
AMARC’S RESPONSIBLE MINERAL DEVELOPMENT POLICY We operate in a responsible manner so that our activities protect the health and safety of our employees and contractors, and of the communities in which we work. Amarc Resources Ltd. 14th Floor, 1040 W. Georgia St., Vancouver, BC Canada V6E 4H1 Dr. Dia
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