Amaroq Ltd. · LSE:AMRQ
Amaroq — Investor Presentation (January 2026)
19 slides from Amaroq's investor presentation, January 2026
Slide 1: Corporate Presentation
CORPORATE PRESENTATION January 2026 Amaroq Ltd. is a Greenland-focused mining company engaged in the identification, acquisition, exploration and development of gold and strategic metals properties in Greenland. www.amaroqminerals.com | AMRQ www.amaroqminerals.com | AMRQ
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 Ltd (the “Company”). The presentation and the informat
Slide 3: Amaroq Today
AMAROQ TODAY Nor th Sea Route The Premier Gateway to Greenland’s Resource Potential Cen tra l A rc tic Mining Sh ip Greenland pi ng Exploration, Ro Development and teu Production Gardaq A/S Critical Mineral Exploration JV Suliaq ApS Gold Mining and Logistical Copper Services Base Metal Critical Meta
Slide 4: Working Across Two Hubs
WEST GREENLAND HUB WORKING ACROSS TWO HUBS MINTURN (Fe, Cu, Au) Two Greenland Hubs - Unlocking a Continental Scale Opportunity KANGERLUARSUK (Zn, Pb, Ag) BLACK ANGEL (Zn, Pb, Ag) WEST Amaroq operates across two strategic hubs in Greenland. SOUTH In the south, our team is based at the operating Nalun
Slide 5: Q3-2025 Highlights
Q3-2025 HIGHLIGHTS Continued progress commissioning the Nalunaq mine Produced 5,000oz gold by early October Total Group liquidity of $45m at period The 2025 Greenland exploration launched 2025. Sales of 2,636oz in Q3 and 3,360 in end – with cash balances of $55.3m and with multi-rig drilling at the
Slide 6: Building Value Across Our Portfolio
BUILDING VALUE ACROSS OUR PORTFOLIO Advancing assets through the Lassonde curve Operating Mine Nalunaq Other Exploration Kangerluarsuk Resource Definition Right Sizing of Project Value Strategic Interest Black Angel Resources and Feasibility Exploration Nanoq Speculation “Typical” P/NAV Range 0.10x
Slide 7: Operational Highlights
OPERATIONAL HIGHLIGHTS Production • Q3 2025 gold production of 3,536 oz. Gold produced in the nine months to the end of September was 4,347 oz. • Production increased further post quarter end, reaching this year’s production guidance of approximately 5,000 oz, ahead of time. Processing • Commissioni
Slide 8: Nalunaq – Operating Mine Layout
NALUNAQ – OPERATING MINE LAYOUT MINING FRONT 1 Underground Production, Surface Processing and Camp and Port MOUNTAIN BLOCK 484koz 30g/t Au Au HARBOR Mineral Resource MINING FRONT 2 Resource Grade TARGET BLOCK CAMP TRIAL MINING 151koz 300tpd AREA Au Targeted Indicated Mining Resource TEMP FUEL Rate S
Slide 9: Nanoq Gold Project
NANOQ GOLD PROJECT NANOQ Location upon the Prospective Nanortalik Gold Belt 3.2m @ 19.5g/t Au inc 0.5m @ 123g/t Au* JOKUM’S SHEAR ISORTUP QOORUA Q-NORTH RIDGE Located 120km NE of the Nalunaq Mine, EAGLE’S NEST VAGAR RIDGE IPPATIT Nanoq sits upon a 25km long prospective structural corridor on the eas
Slide 10: 2025 Nanoq Exploration Results
2025 NANOQ EXPLORATION RESULTS • Drilled 4,807m successfully testing ~600m of strike length in Nanoq Ctrl Zn with mineralised intervals averaging ~ 3.3m thickness at 9.98g/t Au at depth of 70m. • 63% of holes intersected mineralisation incl. 187.4 g/t Au over 1.5m and 19.6 g/t Au over 4.9 m, all at
Slide 11: West Greenland Hub
Additional Regional Growth Opportunities WEST GREENLAND HUB Au Au Commercial levels of germanium, gallium and cadmium identified REE Kangerluarsuk Black Angel & Kangerluarsuk (Zn, Pb, Ag) • Former producing high grade room and pillar mine with significant in situ infrastructure and >176,000m of core
Slide 12: Black Angel
BLACK ANGEL Slide: 11 Amaroq Ltd: Corporate Profile
Slide 13: Gardaq A/S Today
GARDAQ A/S TODAY A Proven Joint Venture Model to Maximise Value of Any Discoveries Unlocking Greenland’s Strategic Mineral Potential • Gardaq’s Purpose: Established to target high-value strategic mineral resources in Greenland, crucial for the energy transition. • Rare Earth Element discovery (REE):
Slide 14: Suliaq ApS – Specialist Mining Services Co.
SULIAQ APS – SPECIALIST MINING SERVICES CO. The Key Tools to unlock mineral potential in a new frontier Mining Equipment Logistics Consumables Slide: 13 Amaroq Ltd: Corporate Profile
Slide 15: Imeq ApS – The First Private Hydro Project in Greenland
IMEQ ApS – THE FIRST PRIVATE HYDRO PROJECT IN GREENLAND Project progressing to pre-feasibility publication in Q4-25 Nalunaq Mine Hydro Benefits CAPEX Investment into Greenland ~9.8M CAD Capacity 1 Mw Annual diesel savings 1.3M L/yr Reduced CO2 emissions 3.5 t/yr Slide: 14 Amaroq Ltd: Corporate Profi
Slide 16: Outlook
OUTLOOK Planned shutdown complete and operations restarted Planned shutdown complete & Management expects 2025 full year Updated YE guidance of 5,000 oz of gold production to be 6,000 to 7,000 gold achieved in October 2025 operations restarted oz Strong financial position and a With Phase 1 complete
Slide 17: Amaroq
AMAROQ High-quality register with a substantial base Ticker: of institutional shareholders AMRQ (AIM / TSX-V / NASDAQ Iceland) Name Volume Other UK & Canada investors Icelandic Pension Funds 1. Industriens Pensionsforsikring A/S 4.75% ~18% and Insurance Companies ~20% Financial highlights 2. Danmark
Slide 18: Highly Experienced Board and Executive Management Team
HIGHLY EXPERIENCED BOARD AND EXECUTIVE MANAGEMENT TEAM Eldur Olafsson Joan Plant Edward Ellert Arnarson Founder, President & CEO Chief Financial Officer Interim COO Westropp Board Member Head of BD and Corporate Affairs BOARD MEMBERS MANAGEMENT TEAM Graham Stewart Warwick Morley-Jepson Non-Executive
Slide 19: Contact Us
www.amaroqminerals.com www.amaroqminerals.com CONTACT US AMAROQ LTD 100 King Street West, Suite 3400, 1 First Canadian Place, Toronto, Ontario, M5X 1A4, Canada Eldur Olafsson, Chief Executive Officer AIM, TSXV, Nasdaq: AMRQ AIM, TSXV, Nasdaq: AMRQ