Slide 1: FY 2024 Results
FY 2024 RESULTS 28 MARCH 2025 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: The Premier Gateway to Greenland's Resource Potential
AMAROQ MINERALS The Premier Gateway to Greenland’s Resource Potential Nalunaq AS Greenland Gold Production and Exploration Gardaq AS Strategic Mineral JV Suliaq AS Mining and Logistical Service Company Formation of Renewable Energy Company Amaroq Minerals is unlocking Greenland’s vast mineral potent
Slide 4: Amaroq Minerals: Greenland Supporting Growth in the Nordics
Malmbjerg Black Angel Mo/Cu AMAROQ MINERALS Zn/Ag/Pb Greenland Supporting Growth in the Nordics Disko Ni/Cu/PGE Members of The European Self-governing country within Raw Materials Alliance the Kingdom of Denmark (ERMA) with +90 Operating closely associated with the EU, Skaergaard Au/Pd/Pt Companies
Slide 5: FY 2024 and Post-Period Highlights
FY 2024 AND POST-PERIOD HIGHLIGHTS 2024 - a pivotal year marking the transition from developer to producer at our cornerstone Nalunaq mine First Gold Pour at Nalunaq EIA and SIA fully Successful fundraising of Nalunaq Gold Mine on approved, with IBA due GBP 27.5 million in 27 November 2024 for compl
Slide 6: FY 2024 Financial Results
FY 2024 FINANCIAL RESULTS Canadian $ Millions Q4 2024 Q3 2024 Capital Assets 160.9 117.3 - Construction in Progress 154.9 111.1 Prepaid expenses and others 10.2 17.8 Supplies Inventory 7.3 6.8 Ore stockpile 2.9 - Escrow for Environmental Rehabilitation 6.8 6.9 12-month ended 9-month ended Selected C
Slide 7: Liquidity and Assets
LIQUIDITY AND ASSETS Canadian $ Millions Dce 31 2024 30 Sep 2024 Cash on hand 45.2 25.9 Undrawn Credit Facilities 23.7 Trade payables and accrued liabilities (18.4) (13.5) Short Term Liquidity 50.5 26.0 Total Assets 256.0 199.1 Equity Ratio 78.5% 61% Investment in Gardaq Joint Venture 14.9 16.8 Fina
Slide 8: Gold Portfolio Nalunaq
GOLD PORTFOLIO NALUNAQ Amaroq Minerals: FY2024 Presentation
Slide 9: Nanortalik Gold Belt
NANORTALIK GOLD BELT NANOQ Expanding Amaroq’s Gold Potential Emerging New Gold Camp Amaroq Minerals continues to unlock JOKUM’S SHEAR Greenland’s gold potential with advanced exploration at Vagar Ridge and Nanoq, our most promising targets. Near-mine opportunities, including Eagle’s Nest, Lake 410,
Slide 10: Nalunaq A/S: Commissioning of Greenland's Newest Mine
NALUNAQ A/S Commissioning of Greenland’s Newest Mine Mine Metrics 484koz Au 30g/t Au Updated Mineral Resource Resource Grade 151koz Au 300tpd Maiden Indicated Resource Targeted Mining Rate LHOS 150 - ~50% Mining Method Head Count (Greenlandic) ~350koz Au ~10 Years Historical Production Mine Life 19
Slide 11: Nalunaq
NALUNAQ Overview of construction, trial mining and processing operations Permitting: The Company is working with stakeholders on the Impact Benefit Agreement (IBA), which it aims to have in place by June 2025. EPC: Procurement for Phase I completed. Phase 2 procurement well advanced. Company ass
Slide 12: Nalunaq Resource Growth
NALUNAQ RESOURCE GROWTH Mineral Resource Update - MRE4 Updated Mineral Resource Resource Growth from MRE3 484koz @ 30 g/t Au 51% Proportion at Indicated Level Additional Drilling 33% 13.8Km Mineral Resource Statement for Nalunaq gold deposit, Greenland, as of 26th March 2025 Classification Tonnes (t
Slide 13: Strategic Minerals Gardaq A/S JV (51%)
STRATEGIC MINERALS GARDAQ A/S JV ( 5 1 % ) Amaroq Minerals: FY2024 Presentation
Slide 14: Gardaq A/S
GARDAQ A/S A Proven Joint Venture Model to Maximise Discovery and Value 4,912 km2 Cu, Ni, Nb, REE Current Licence Holding Target Commodities TARGET NORTH Copper/Gold JOHAN DAHL LAND Copper >20 4 JOSVA Copper TARGET WEST Copper Active Projects Advanced Projects NUNARSUIT Nickel/REE $30CADm STENDALEN
Slide 15: Servicing and Hydro
Amarog Minerals a SERVICING AND
Slide 16: Suliaq A/S
SULIAQ A/S The Key Tools to Unlock Mineral Potential in a New Frontier Icebreaker/Marine Vessels Drill Rigs Epiroc/Sandvik Mining Fleet Surface Equipment 120-man Remote Camps
Slide 17: Renewable Energy Strategy
RENEWABLE ENERGY STRATEGY Nalunaq Hydro CAPEX - CAD 6,0m Capacity 700 kW Generation 3.5 GWh/yr Annual diesel savings 1.2m L Annual cost savings 1.97 mCAD Annual OPEX 80 kCAD Net savings 1.89 mCAD/yr Reduced CO2 emissions 3.15 t/yr
Slide 18: 2025 Outlook
2025 OUTLOOK: Focus on optimising operations at Nalunaq through Phase-1 commissioning Commissioning of the processing Company will provide annual Phase 2 construction and facilities will continue to enable production and processing installation at Nalunaq planned name plate of 300t/d of ore by estim
Slide 19: Q&A
Q&A Slide: 18 Amaroq Minerals: FY2024 Presentation