Amaroq Ltd. · LSE:AMRQ
Amaroq — AEX Gold — Investor Presentation (December 2021)
36 slides from Amaroq's investor presentation, December 2021
Slide 1: Corporate Presentation
CORPORATE PRESENTATION December 2021 www.aexgold.com | AIM: AEXG; TSXV: AEX AEX Gold Inc 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 AEX Gold, Inc (the “Company”). The presentation and the infor
Slide 3: Creating a Greenlandic Legacy
CREATING A GREENLANDIC LEGACY
Slide 4: Unlocking Value from Greenland's Gold and Mineral Wealth
UNLOCKING VALUE FROM GREENLAND’S GOLD AND MINERAL WEALTH AEX is leveraging first mover advantage to deliver shareholder value by redeveloping the past-producing Nalunaq mine and is generating significant upside from the Company’s portfolio of high-impact exploration assets in Southern Greenland AEX
Slide 5: AEX Gold Corporate Overview
AEX GOLD CORPORATE OVERVIEW Significant Shareholdings • High-quality register with significant institutional shareholders • Board & Management: 9.7% Ticker (Market) Listed Shareholder % Share Capital AEXG (AIM), AEX (TSX-V) 2020 (AIM), 2017(TSX-V) Livermore Partners 6.61 First Pecos, LLC 6.27 Chelve
Slide 6: Leading Through Professionalism
LEADING THROUGH PROFESSIONALISM We are all ambassadors of AEX gold
Slide 7: Board and Executive Management Team
BOARD AND EXECUTIVE MANAGEMENT TEAM Graham Stewart Eldur Olafsson Jaco Crouse Non-Executive Chairman Founder, President & CEO Executive Director CFO Executive Director • 30 years in the international oil & gas industry • Extensive global experience across geothermal, oil • 20 years in financial mana
Slide 8: Collaborative and Caring
COLLABORATIVE AND CARING Building strong relationships for the future
Slide 9: 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 10: 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, AEX has access to a huge mining industry to diversify exceptional bedrock exposure, database, representing economy with exploration budgets doubling fr
Slide 11: AEX Gold – A South Greenland Perspective
AEX GOLD – A SOUTH GREENLAND PERSPECTIVE Tartoq NP – 92U 30Zn 82Pb Unconformity uranium potential. Zn-Pb sulphides mapped close to the Sava - 29Cu 79Au 92U 30Zn 41Nb Nanoq – 79Au unconformity. Evidence for IOCG or porphyry copper Shear zone hosted gold mineralisation in potential. metavolcanic inlie
Slide 12: Innovative and Agile
INNOVATIVE AND AGILE Finding creative solutions
Slide 13: Redeveloping the High Grade Nalunaq Project
REDEVELOPING THE HIGH GRADE NALUNAQ PROJECT Previously producing mine with substantial existing infrastructure Exposed Quartz “Main Vein” Mountain Block Towards Camp and Pier 600 Portal Existing Mine Infrastructure (Front View) Target Block Exposed Quartz “Main Vein” UG Processing Plant Mountain Blo
Slide 14: Nalunaq Resource Development Plan
NALUNAQ RESOURCE DEVELOPMENT PLAN AEX have initiated a staged programme to continue development of the Mineral Resource at Nalunaq and to see the project through to construction Resource Geological Resource Camp Construction De-Risking Model Development Construction Studies Refinement • Initiated a
Slide 15: Targeting Nalunaq Resource Growth
TARGETING NALUNAQ RESOURCE GROWTH The 2021 Nalunaq field season is designed to gain greater understanding of the Mineral Resource BUILDING ON THE NEWLY DEFINED VALLEY BLOCK STRESS TESTING THE NEW DYKE INTERSECTION MODEL AEX have instigated a 10,000-15,000m core drilling programme AEX’s geological te
Slide 16: Dyke Intersection Model
DYKE INTERSECTION MODEL AEX is testing a new model that explains the presence and Rethinking the exploration model locations of the high-grade zones at Nalunaq. This model revolves around mineralising fluids propagating and concentrating at fault zones or competency difference sites. At Continued pr
Slide 17: Continued Exploration at Nalunaq
CONTINUED EXPLORATION AT NALUNAQ Following the successful 2020 season, AEX continue to assess the potential for multiple gold bearing structures at Nalunaq • High-resolution drone imagery identified an outcropping Footwall Vein on the eastern flank of Nalunaq Mountain, consistent with a footwall vei
Slide 18: Optimize Project Capital Cost
OPTIMIZE PROJECT CAPITAL COST Drawing on Industry Expertise AEX have partnered with Halyard Inc. to review and optimize the envisioned process plant and surface infrastructure through the completion of an engineering study Further Opportunities Investigated • There are remnants of ore in Target & So
Slide 19: Process Plant Major Equipment Purchased
PROCESS PLANT MAJOR EQUIPMENT PURCHASED Processing Plant – 50% complete Commercial & Technical Evaluation Completed Slide: 18 AEX Gold: Corporate Profile
Slide 20: Purchased Equipment
PURCHASED EQUIPMENT Processing Plant Services Area Commercial & Technical Evaluation Completed Slide: 19 AEX Gold: Corporate Profile
Slide 21: Mining Equipment Acquired
MINING EQUIPMENT ACQUIRED Underground Equipment Boomer SID x 1 Scooptram ST7 x1 Minetruck MT2200 x1 Drill Handling System (DHS) x1 Scooptram ST2G x1 CAT AD22 Haulage Truck x1 Slide: 20 AEX Gold: Corporate Profile
Slide 22: Purchased Supporting Equipment
PURCHASED SUPPORTING EQUIPMENT Surface Mobile Equipment Rough Terrain Crane – Self-loading Concrete Mixer – Snow blower x1 Terex RT100 x 1 Dieci F7000 x1 Slide: 21 AEX Gold: Corporate Profile
Slide 23: Supporting Infrastructure
SUPPORTING INFRASTRUCTURE Non-winterized 14-man camp now fully upgraded to an All-weather 50-man camp Slide: 22 AEX Gold: Corporate Profile
Slide 24: Long Term Perspective
LONG TERM PERSPECTIVE We have a clear direction
Slide 25: Generating New Gold Targets Across Southern Greenland
GENERATING NEW GOLD TARGETS ACROSS SOUTHERN GREENLAND AEX are conducting further exploration to generate further gold resource development opportunities across South Greenland for 2022 79 Au 79 Au 79 Au Vagar Ridge Au 79 Tartoq Nanoq 29 Cu 385 km2 Airborne 84 km2 High Resolution Structural Mapping t
Slide 26: Generating Strategic Mineral Targets Across Southern Greenland
GENERATING STRATEGIC MINERAL TARGETS ACROSS SOUTHERN GREENLAND AEX are conducting renewed exploration on strategic mineral and base metal targets across their license portfolio 29 Cu 79 Au 46 Pd Graphite Sava Saqqaa Nørrearm 30 Zn 41 Nb 28 Ni 446 km2 Airborne Ground Geophysics to Metallurgical sampl
Slide 27: Exploration Progress – Technical
EXPLORATION PROGRESS – TECHNICAL Nanoq Sava Nørrearm Tartoq Vagar Ridge Structural/geological mapping Geological Reconnaissance Resource Drilling Saqqaa Geological Reconnaissance Nalunaq Airborne Geophysics Ground Geophysics Hyperspectral Imagery Sampling/Geochemistry Slide: 26 AEX Gold: Corporate P
Slide 28: Vagar Ridge
79 Au VAGAR RIDGE A target with substantial opportunity in the Nanortalik Gold Belt, featuring high grade mineralisation in close proximity to Nalunaq High-grade gold in quartz veins with up to 2,533 g/t Au in surface outcrop samples (Vein 2) and 13m@ 70.1 g/t Au (Vein 2, channel) 1,916 m of diamond
Slide 29: Tartoq
Exploration 79 Au TARTOQ A significant exposure of Archean Greenstone Belt geology AEX hold 248 km2 of Archean greenstone belt in Southwest Greenland, in the northern edge of the North Atlantic Craton, across two licence blocks. Greenschist to amphibolite facies rocks have undergone two main phases
Slide 30: Nanoq – Further Extension of the Nanortalik Goldbelt
79 Au NANOQ – FURTHER EXTENSION OF THE NANORTALIK GOLDBELT 29 Cu Nalunaq analogue at Kangerluluk fjord • Discovered by GEUS in 19961, explored by Goldcorp in 1997(2), NunaMinerals in 2010 and held by AEX since 2019 Plunging fold closure in • Quartz vein-hosted orogenic gold hosted in a mafic volcano
Slide 31: Investing with Purpose in a Full Cycle Asset Portfolio
INVESTING WITH PURPOSE IN A FULL CYCLE ASSET PORTFOLIO AEX’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 Target Generation Exploration Advanced Expl
Slide 32: Portfolio Prospects
PORTFOLIO PROSPECTS AEX’s structured portfolio provides significant prospectivity for gold, base metal and strategic minerals, with low-cost near-term exploration expected to provide meaningful de-risking Project Commodity Deposit Model Potential Exploration Objectives Drilling to secure resource de
Slide 33: Execute and Deliver
EXECUTE AND DELIVER We deliver on commitments
Slide 34: 2021 Regional Exploration Objectives
2021 REGIONAL EXPLORATION OBJECTIVES AEX is demonstrating the ability to conduct exploration through most of the year with multiple scheduled news flows Timeline of Exploration Activities Stage Project Exploration Activity July August September October November December Development Nalunaq Resource
Slide 35: Conclusion - Creating a Greenlandic Legacy
CONCLUSION - CREATING A GREENLANDIC LEGACY 1. Leading Through Professionalism. An experienced board and management team with diverse backgrounds delivering on commitments to all stakeholders. 2. Collaborative and Caring. Building strong, long term relationships to allow sustainable mining practices
Slide 36: Contact Us
www.aexgold.com CONTACT US AEX GOLD INC 3400 One First Canadian Place, PO Box 130, Toronto, On, M5X 1A4, Canada Eldur Olafsson, Chief Executive Officer AIM: AEXG; TSXV: AEX