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Moved to
https://www.lse.co.uk/ShareChat.asp?ShareTicker=AMRQ&share=Amaroq-Minerals
And Livermore increased.
Toronto, AEX Gold Inc. (the "Company" or "AEX") (AIM: AEXG; TSXV: AEX) is pleased to announce that it plans to file Articles of Amendment to change its name to Amaroq Minerals Ltd. on July The Company's shareholders approved a special resolution to change the name of the Company at AEX's annual general and special meeting held on June 16, 2022. The name change will be effective July 12, 2022 and is subject to acceptance from the TSX Venture Exchange and AIM.
Effective today. So I presume a new chat show board will pop up sometime.
Is now the time to invest? With billionaires upping their stake?
David Neuhauser.
Board Member
Shareholders Gold Council
Sep 2018 - Present3 years 10 months
Toronto, Canada Area
Shareholders Gold Council (SGC) is a corporation focused on the gold mining industry. Its goal is to promote best practices and constructive engagement between companies and the investment community thru active engagement. SGC is founded by Paulson & Company, Livermore Partners, and mining focused global investment management firms. Which includes billionaire investors Naguib Sawiris and John Paulson.
Don’t know what the one share UT at 42.5 is about. But there you go.
Thanks. As miners go at the Aex stage, it’s a persuasive situation on all considerations. And though their interest has started with strategic minerals rather than gold, those behind the recent JV will probably underwrite any future funding requirements.
https://wp-aexgold-2020.s3.eu-west-2.amazonaws.com/media/2022/05/c119262CCL.pdf
Nothing tearing in the meeting. Results later today.
https://www.lse.co.uk/rns/AEXG/gold-returned-from-untested-areas-of-nanoq-6uo7ub2mvc3sbyf.html
16.95g/t Gold Returned from Previously Untested Areas of the Nanoq Gold Target and 2022 Exploration Activities Commence.
Only one zone was previously recognised, therefore this discovery has materially increased the resource size potential of the target.
A complete map of all the licences. https://www.youtube.com/watch?v=ip8ulOpUYDY
Eldur explains in more detail .
Thanks. But positive news of progress towards their target of getting first gold production at Nalanuq by the end of this year, to underpin the continued gold and increasingly focused strategic minerals exploration, is I think what will ultimately show marked improvement in the share price.
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“The preliminary target is for initial production from Nalunaq to commence by the end of 2022.”
The strategy is clear.
AEX Gold's strategy remains to bring the Nalunaq gold project back into production and use that base as a platform to discover and develop other world class gold and strategic mineral assets both directly and through partnerships to be found in the under explored OECD jurisdiction that is Greenland.
Presumably in your view AEX are lacking alacrity in execution. Discuss.
Right, so one is not allowed to voice an opinion? This is a discussion board, quit with the sarcy comments and discuss.
The first pour was meant to be in January 2021 (which understandably was delayed due to Covid restrictions). We are now almost 18 months later and first pour isn't even discussed as far as I can see.
Perhaps you could slip over and tell them how they could better go about the business. Ten minutes should do it.
I know things are still difficult in the wider world and the exploration scope and results is commendable but surely it is time to get the mine up and running to generate some revenue even if just in a limited way. We can't just keep burning the cash balance.
Short summary given by lse
AEX Gold have discovered massive copper and gold deposits plus RareEarths/Graphite in Greenland
17th May 2022 Share Views Runtime 12:58
Each time London South East catch up with Eldur Olaffson, CEO at AEX Gold (AEXG), he seems to have significantly added to the company story.
As Eldur says: "We have already discovered what we believe is a massive copper deposit, we have already discovered rare earths, we have already discovered graphite, we already have a discovery of vanadium and titanium - not to mention a world class gold deposit at Vagar."
AEX is listed on the TSXV in Toronto and has a secondary listing on AIM in London. And to better align with the basket of mineral riches which AEX has discovered in Southern Greenland they are changing their name to Amaroq Minerals shortly.
That's just one of a number of significant announcements from #AEXG in the last month.
The company have acquired a significant minerals exploration licence from Orano, principally a Uranium group, which makes AEX the largest acreage holder in Southern Greenland with 7,615 kilometres. Greenland apparently isn't keen on uranium mining and extraction licences are hard to come by.
The Varga Ridge gold exploration results were also published in May. Eldur says: "We think we are sitting on one of the biggest and most exciting gold exploration world class deposits, which is what makes it so exciting to be working in this area."
With so much mineral potential in Southern Greenland, asset allocation is going to be very important. Eldur explained they have their own rigorous methodology, and that for gold the priority is as follows.
1. Nalunaq gold mine, which will become a 'green' concept mine, providing a blue print to be followed and adapted in future mines.
2. Vagar as discussed above - potential world class deposit, 4x 3 km, with other similar deposits nearby.
3. Nanoq - gold/copper
And for green strategic minerals the priority is:
1. Sava (IOCG - Iron Ore, Copper, Gold belt)
2. Stendalen (Iron, Vanadium, Titanium)
3. Paatusoq (Rare Earths Niobium, Tantalum and Zirconium)
London South East caught up with Eldur after the release of several significant RNS's. The company is changing names to Amaroq Minerals. And the early indications are that Vagar Ridge is going to a be a world class gold deposit. As Eldur says: "We have already discovered what we believe is a massive copper deposit, we have already discovered rare earths, we have already discovered graphite, we already have a discovery of vanadium and titanium - not to mention a world class gold deposit at Vagar." Please see the full interview here: https://youtu.be/M0fW6oEFU2U
Short summary
AEX Gold significantly expands mineralised footprint around Vagar Ridge
https://www.proactiveinvestors.co.uk/companies/news/981688/aex-gold-significantly-expands-mineralised-footprint-around-vagar-ridge-981688.html
And “Additionally, we have discovered five further prospects over the Vagar Licence with similar structures and alteration as seen at Vagar Ridge, and these will also be the focus of further exploration.”
Ongoing, (hopefully positive) newsflow set to continue.
Vagar has enormous potential. As Eldur states: "Vagar Ridge has the potential to become a globally significant discovery"