Amaroq Ltd. · LSE:AMRQ
Amaroq — Amaroq Minerals — Investor Presentation (June 2022)
22 slides from Amaroq's investor presentation, June 2022
Slide 1: Corporate Presentation June 2022
CORPORATE PRESENTATION June 2022 www.amaroqminerals.com | AIM: AMRQ; TSXV: AMRQ Amaroq Minerals Ltd is a Greenland-focused mining company engaged in the identification, acquisition, exploration, and development of gold properties and other strategic mineral assets 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: Board and Executive Management Team
BOARD AND EXECUTIVE MANAGEMENT TEAM Eldur Olafsson Jaco Crouse James Gilbertson Founder, President & CEO Executive Director CFO Executive Director VP Exploration • Extensive global experience across geothermal, oil • 20 years in financial management, mine financing • Over 20 years of experience in m
Slide 4: Amaroq Minerals Ltd Gold Development Strategy
AMAROQ MINERALS LTD GOLD DEVELOPMENT STRATEGY Unlocking value from Greenland’s gold and mineral wealth Cornerstone Development Project ✓ Shortest, lowest risk path to cashflow via Nalunaq 251 koz the re-development of Nalunaq 422,770t @ 18.5 g/t Au (1) Past producing high grade mine. Historical mini
Slide 5: Amaroq Minerals Ltd Corporate Overview
AMAROQ MINERALS LTD CORPORATE OVERVIEW Significant Shareholdings • High-quality register with significant institutional shareholders • Board & Management: 16.22% Ticker (Market) Listed Shareholder % Share Capital AMRQ (AIM), AMRQ (TS 2020 (AIM), 2017(TSX-V) Livermore Partners (1) 6.69 X-V) First Pec
Slide 6: Building a Sustainable Business and Empowering the Community
BUILDING A SUSTAINABLE BUSINESS AND EMPOWERING THE COMMUNITY Commitment to leading responsible mining in Greenland with respect for local culture and traditions ENVIRONMENTAL SOCIAL GOVERNANCE • Local wind and hydro potential • 50% local employment target to • Company operates to highest to support
Slide 7: Greenland – A Growing Mining Jurisdiction
GREENLAND – A GROWING MINING JURISDICTION Citronen 12 Active Explorers Across 8 Commodities Zn/Pb Government supportive of the Following glaciation, Amaroq Minerals has access to mining industry to diversify exceptional bedrock exposure, a huge database, representing economy with exploration budgets
Slide 8: Nalunaq
NALUNAQ Redeveloping a historical high grade gold mine
Slide 9: Nalunaq Development and Path to Cashflow
NALUNAQ DEVELOPMENT AND PATH TO CASHFLOW Amaroq Minerals Ltd have initiated a staged program of Resource development at Nalunaq and on into cashflow generation 2020/2021 2021/2022 2022/2023 2023/2024 2024/2025 Stage 1 Stage 2 Stage 3 Stage 4 Stage 5 Adv. Resource Resource PEA & Resource Bulk Sample
Slide 10: Working Towards Million-Ounce Resource – Stages 1/2
WORKING TOWARDS MILLION-OUNCE RESOURCE – STAGES 1/2 2021 drill results provides Amaroq Minerals Ltd with the foundation for progressive resource growth into 2022 Mountain Block ~35Koz mined • Continued exploration success guided by new Target Block ~250Koz mined geological model • Focus on the Valle
Slide 11: Preparing for Cashflow – Stages 3/4
PREPARING FOR CASHFLOW – STAGES 3/4 Progressive resource growth and demonstration of economics → New access to the Valley Block and generate a bulk sample South Block • Resource delineation from further drilling and technical assessments. • Preliminary, Economic Assessment (PEA) progressively update
Slide 12: Preparing for Commissioning – Stage 5
PREPARING FOR COMMISSIONING – STAGE 5 Supporting Infrastructure purchased or commercially and technically evaluated • 60% of major processing plant equipment procured • 50 man all weather exploration camp constructed and commissioned • Critical surface mobile equipment purchased • 3rd party engineer
Slide 13: Prospective Portfolio
PROSPECTIVE PORTFOLIO Largest land package in Southern Greenland
Slide 14: Amaroq Minerals Gold – A South Greenland Perspective
AMAROQ MINERALS GOLD – A SOUTH GREENLAND PERSPECTIVEAmaroq Minerals Gold Targets Amaroq Minerals Strategic Mineral Targets Tartoq NP & Midternaes - North Sava - 29Cu 79Au 30Zn 41Nb 28 Ni 30Zn 82Pb 29Cu Evidence for IOCG or porphyry copper Nanoq – 79Au potential. Shear zone hosted gold mineralisation
Slide 15: Full Cycle Asset Portfolio
FULL CYCLE ASSET PORTFOLIO Amaroq Minerals Ltd 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 Progressive Development Through Partnerships Amaroq Miner
Slide 16: Gold Targets
GOLD TARGETS Amaroq Minerals Ltd are conducting exploration to generate further gold resource development opportunities across South Greenland 79 Au 79 Au Vagar Ridge Au 79 Nanoq 29 Cu Up to 2,533g/t gold recorded in surface Up to 175.1 g/t gold over 0.8 m and 3.83% sampling copper in surface sampli
Slide 17: Strategic Mineral Targets
STRATEGIC MINERAL TARGETS Amaroq Minerals Ltd are conducting renewed exploration on strategic mineral and base metal targets across their license portfolio Cu 29 Au 79 22 Ti 29 Cu REE Sava Stendalen Paatusoq Zn 30 Nb 41 23 V Ni 28 IOCG signatures Igneous layer containing Rare Earth Alkali Intrusion
Slide 18: Accelerating Strategic Mineral Exploration
ACCELERATING STRATEGIC MINERAL EXPLORATION Amaroq has agreed a non-binding term sheet with ACAM, a leading resource investor in relation to a £18million private investment into a joint venture (“JV”) to accelerate exploration across its significant strategic mineral prospects, providing significant
Slide 19: GBP 5.5M Exploration Budget for 2022
GBP 5.5M EXPLORATION BUDGET FOR 2022 North Sava Detailed geophysical programme and mapping north from Sava Sava Scout drilling on three priority target Paatusoq Nanoq Reconnaissance mapping and sampling Detail geophysical surveys to refine scale and structure Vagar Ridge Helicopter supported drillin
Slide 20: Upcoming Newsflow
UPCOMING NEWSFLOW An ambitious exploration programme for 2022 focused on Nalunaq and exploration across both gold and strategic metal portfolios Q2 2022 Q3 2022 Q4 2022 Q1 2023 Months Apr May June Jul Aug Sep Oct Nov Dec Jan Feb Mar Nalunaq Resource Definition Results PEA / Bulk Sample Design Work U
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 Future 2022 2023 2024 Precious Metal Exploration Vagar Ridge, Nanoq Achieved Development 2022 2023 20
Slide 22: 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