Amaroq Ltd. · LSE:AMRQ
Amaroq — Amaroq Minerals — Q1 2024 Earnings Presentation
18 slides from Amaroq's earnings presentation, May 14, 2024
Slide 1: Q1 2024 Results Presentation
Q1 2024 RESULTS PRESENTATION 14 May 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: Amaroq Minerals Ltd 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
Amarog Minerals CORPORATE OVERVIEW
Slide 5: Q1 2024 Highlights
Q1 2024 HIGHLIGHTS Completion of Completion of public First successful C$75m fundraising to consultation for EIA and underground blast at progress Nalunaq and SIA Nalunaq exploration projects Porphyry copper Appointment of Jaco Discovery of new nickel- and molybdenum Duvenhage as Nalunaq copper depo
Slide 6: Q1 2024 Financial Results
Q1 2024 FINANCIAL RESULTS Canadian $ Millions Q1 2024 Q4 2023 Capital Assets 60.77 38.24 - Construction in Progress 55.98 33.28 Prepaid expenses and others 17.47 18.68 Inventory 2.88 0.68 Escrow for Environmental Rehabilitation 5.70 0.60 Selected Cash Movements relating to Nalunaq Project Additions
Slide 7: Liquidity and Assets
LIQUIDITY AND ASSETS Canadian $ Millions 31 Mar 2024 31 Dec 23 Cash on hand 65.09 21.01 Undrawn Credit Facilities - Revolving Credit Facility (USD 18.5M Expiry: September 1, 2025) 25.05 24.51 - Cost Overrun Facility (USD 10.0M Expiry: September 1, 2025) 13.54 13.25 Trade and other payables (7.37) (6
Slide 8: Nalunaq Gold Project Update
-NALUNAQ GOLD PROJECT UPDATE
Slide 9: Nalunaq: Q1 2024 Project KPIs
NALUNAQ: Q1 2024 PROJECT KPIS Project report as of 31 March 2024 Q4 2023: Key Statistics Permitting: Public consultation for the Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA) for Nalunaq closed on 1 March 2024. 55 ZERO Contracting & Procurement: Key contracting process
Slide 10: March 2024: First Successful Underground Mining Blast
30 MARCH 2024: FIRST SUCCESSFUL UNDERGROUND MINING BLAST Slide: 9 Amaroq Minerals: Corporate Profile
Slide 11: Exploration Update
Amarog Minerals EXPLORATION _ UPDATE
Slide 12: Q1 2024 Exploration Programme
Q1 2024 EXPLORATION PROGRAMME Nalunaq: Additional 75 vein intersections from historical core drilling have been selected using core photography and will be assessed and sampled during Q2 2024. Nanoq: Further desk-based modelling from the ALS Goldspot interpretation has allowed the Company to pro
Slide 13: 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 14: 2024 Outlook & Upcoming Newsflow
2024 OUTLOOK & UPCOMING NEWSFLOW
Slide 15: 2024 Milestones / News Flow
2024 MILESTONES / NEWS FLOW NALUNAQ GOLD EXPLORATION 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 APR conclude Interpretation Q1 2024 Q2 MAY Quarte
Slide 16: Summary
SUMMARY Cornerstone Nalunaq Unlocking value from development programme Secured funding to Greenland's gold and progressing towards first accelerate Nalunaq strategic mineral wealth gold in 2024; first succesful development and with active 2024 underground mining blast exploration programme explorati
Slide 17: Q&A
Q&A Slide: 16 Amaroq Minerals: Corporate Profile
Slide 18: 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