Amaroq Ltd. · LSE:AMRQ
Amaroq — Amaroq Minerals — FY2022 Earnings Presentation
25 slides from Amaroq's earnings presentation, March 2023
Slide 1: 2022 Full Year Financial Results Presentation
2022 FULL YEAR FINANCIAL RESULTS PRESENTATION March 2023 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 Min erals Ltd (the “Company”). The presentation and th
Slide 3: Highly Experienced Board and Executive Management Team
HIGHLY EXPERIENCED BOARD AND EXECUTIVE MANAGEMENT TEAM Eldur Olafsson Jaco Crouse Founder, President & Chief Executive Officer Chief Financial Officer, Board Member Board Member BOARD MEMBERS MANAGEMENT TEAM Graham Stewart Warwick Morley-Jepson Non-Executive Chairman Non-Executive Director James Gil
Slide 4: 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 Investing in and empowering Meeting the un
Slide 5: Greenland – A Growing Mining Jurisdiction for Investment
GREENLAND – A GROWING MINING JURISDICTION FOR INVESTMENT Citronen 12 Active Explorers Across 8 Commodities Zn/Pb Government supportive of Following glaciation, Greenland is a district of the mining industry to diversify exceptional bedrock exposure, Denmark, which itself is a economy with exploratio
Slide 6: 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 7: FY 2022 Highlights
FY 2022 HIGHLIGHTS A transformational year • Rebrand from AEX Gold to Amaroq Minerals • Completion of £30m Capital Fundraising (circa C$46.4 million) in London and Iceland • Listing of Icelandic Depository Receipts on Nasdaq First North Growth Market in Iceland • Established JV with strategic invest
Slide 8: Financing Update - £48M Raised in 2022, $49.5M Debt Finance in 2023
FINANCING UPDATE - £48M RAISED IN 2022, $49.5M DEBT FINANCE IN 2023 Transformational funding opportunity to accelerate Amaroq’s growth in precious & strategic metals Ticker High-quality register with Board & significant institutional Managemen: Financing Overview AMRQ shareholders 12.93% Listed ✓ £1
Slide 9: Potential Listing on Nasdaq Main Market in Iceland
POTENTIAL LISTING ON NASDAQ MAIN MARKET IN ICELAND Amaroq is exploring a listing on Nasdaq Main Market in Iceland, to sit alongside the Company’s existing TSX-V and AIM listings Listed on First North Iceland last year • Amaroq successfully listed on First North Iceland in November of last year • In
Slide 10: Operational Development Program
OPERATIONAL DEVELOPMENT PROGRAM NALUNAQ Redeveloping a historical high-grade gold mine Slide: 9 Amaroq Minerals Ltd: Board meeting Iceland 24th August 2022
Slide 11: 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 Stage 3 Precious Metal Exploration Exploration Vagar Ridge, Nanoq planning Achi
Slide 12: Project Delivery Pipeline: 2020 - 2025
PROJECT DELIVERY PIPELINE: 2020 - 2025 An ambitious development programme focused on bringing Nalunaq into production to generate cashflow to fund further opportunities Project 2020 2021 2022 2023 2024 2025 Key Complete Full Geological modelling Mine Rehab Trial Mining / Processing Production In pro
Slide 13: Transition to Trial Mining Activities at Nalunaq
TRANSITION TO TRIAL MINING ACTIVITIES AT NALUNAQ Further derisking of deposit ahead of full-scale production • Amaroq plans to bring forward production at Nalunaq by transitioning from the Bulk Sample to trial mining, processing and production of gold doré on site in a staged approach, ahead of full
Slide 14: 2023 Exploration Program
2023 EXPLORATION PROGRAM PROSPECTIVE PORTFOLIO Largest land package in Southern Greenland
Slide 15: Nalunaq 2023 Exploration Objectives
NALUNAQ 2023 EXPLORATION OBJECTIVES ~2,000m of mountain (helicopter supported) drilling on the Looking to build on current Inferred Mineral Resources and develop a new target mountain side above the location of the proposed mining face. Aim to expand out the current Mountain Block Bulk Inferred reso
Slide 16: 2023 Season Objectives
2023 SEASON OBJECTIVES Tartoq NP & Midternaes - Paatusoq REE 41Nb 73Ta 40Zr 28 Ni 30Zn 82Pb 29Cu Reconnaissance mapping and sampling Nanoq – 79Au and the involvement of the University of St Surface exploration, geological modelling Minor reconnaissance work Andrew’s Gardar Geology team and site prep
Slide 17: Gold Targets
GOLD TARGETS Amaroq Minerals is conducting exploration to generate further gold resource development opportunities across South Greenland Vagar Ridge Au Nanoq 79 Cu 29 79 Au Drilling & Geological Drilling Reconnaissance 2022 Achievements 2022 Achievements • Local operational experience • Complete hi
Slide 18: Strategic Mineral Targets
STRATEGIC MINERAL TARGETS Amaroq is conducting renewed exploration on strategic mineral and base metal targets across their license portfolio Sava Copper Belt Cu 29 79 Au Stendalen Ti 22 Cu 29 23 V Ni 28 Paatusoq REE Zn 30 41 Nb Drilling & Geophysics, Geochemisty Geochemistry Drilling & Geological G
Slide 19: Appendix
APPENDIX AIM: AMRQ; TSXV: AMRQ
Slide 20: Amaroq Minerals Licence 7,866km2, Largest Licence Holder in South Greenland
AMAROQ MINERALS LICENCE 7,866KM2, LARGEST LICENCE HOLDER IN SOUTH GREENLAND 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 in Nickel potential in mafic-ultramafic units.
Slide 21: Nalunaq Development and Path to Cashflow
NALUNAQ DEVELOPMENT AND PATH TO CASHFLOW Amaroq Minerals Ltd has initiated a staged program of Resource development at Nalunaq and on into mine commissioning 2020/2021 2021/2022 2022/2023 2023/2024 2024/2025 Stage 1 Stage 2 Stage 3 Stage 4 Stage 5 Adv. Resource Resource Minable Resource Trial Mining
Slide 22: 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 Progressive Development Through Partnerships Amaroq Minerals Ltd Pr
Slide 23: Nalunaq – High Grade Resources with Growth Potential
NALUNAQ – HIGH GRADE RESOURCES WITH GROWTH POTENTIAL Past producing orebody primed for further future production View looking West 355.0Kt • 3D@slide28.0g/t Au for mountain, deposit, map - James showing 2023 Bulk Sample Four high grade zones orientated into 320Koz gold hosted within a commissioned b
Slide 24: Nalunaq – Future Operating Mine Layout
NALUNAQ – FUTURE OPERATING MINE LAYOUT Underground Production, Surface Processing and Near by Camp and Port HARBOR TRIAL MINING CAMP AREA TEMP FUEL STORAGE MOUNTAIN MINE ROAD BLOCK 450 LEVEL TAILINGS EXPLOSIVES MAGAZINE Slide: 23 Amaroq Minerals: Corporate Profile
Slide 25: 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