focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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Aside from the pre-requisite of the $50.9m debt package completion (as announced 1st Sept.... https://polaris.brighterir.com/public/aex_gold/news/rns_widget/story/wkjn9yr) which in itself is a VERY major piece of positive news, enabling them to bring the Nalunaq gold project into production in 2024, the even bigger news for the short-med term share price is the confirmation in the 7th Sept RNS of them expecting a listing on Iceland's Main Market (NASDAQ) in 3rd wk Sept 23....(https://polaris.brighterir.com/public/aex_gold/news/rns_widget/story/rgz9d7w).......One key point is that Icelandic Pension Funds collectively own c.50% of the stock of the 23 companies listed on the Icelandic NASDAQ main mkt! However, currently these pension funds own less than 3% of AMRQ's stock...The maths is simple....Even a move from say 3%, to 10%-20% (which is very typical and often quite a bit higher) means buying pressure must materialise over the coming weeks/months....The move up in indexes will also mean AMRQ is eligible for tracking index inclusion. OMX Iceland All-Share inclusion will happen immediately upon the move up, with possible inclusion in OMX Iceland 10 in due course, potentially increasing liquidity further. Imo these are major positive catalysts for the sp (not withstanding of course all other macro factors which can also move the sp up/down...)......Link to relevant presentation is here: https://wp-aexgold-2020.s3.eu-west-2.amazonaws.com/media/2023/09/2023-09-07-Amrq-Transfer-Analysis_vf.pdf
Https://www.lse.co.uk/rns/AMRQ/closing-of-debt-financing-sh73pyj3q6dkfik.html
“I am pleased to announce the successful closing of our debt funding package. This marks a further milestone for Amaroq Minerals, enabling the transition to staged, full scale production at the Nalunaq gold project.”
Starting to get some traction here. Can only be that punters, alongside financial supporters, are seeing potential in Amaroq, based on recent updates.
Astounding how much cash AMRQ has at it's disposal to progress activities.
On plan. Debt funding conclusion imminent. And on to first production.
https://www.lse.co.uk/rns/AMRQ/q2-2023-financial-results-du79j7nphi0ppzj.html
4.082%. No previous notification.
Https://www.lse.co.uk/rns/AMRQ/debt-financing-update-2d85a2t9tiyqo4o.html
* Kobberminebugt Licence
* Samples of the main Josva vein returned up to 11.6 % Cu over 0.5 m. Minor gold and silver grades were also reported.
* The 2023 fieldwork plan revolves around a detailed airborne geophysical survey across the whole licence area aimed at signaturing the mineralisation at Josva and Lilian and using this as a proxy for further discoveries.
* Saqqaa Dyke
* Amaroq is planning on conducting a targeted surface core drilling programme into the potential strike extension of Saqqaa Dyke below the Nalunaq Valley floor and previously signatured from ground geophysical surveys.
* Saqqaa peridotite dyke is known to host semi-massive and disseminated magmatic sulphide mineralisation, with elevated concentrations of Nickel (up to >1%), Copper (up to 6% in float samples), and Platinum Group Elements (up to 10 g/t Pd in channel samples).
* Stendalen Licence
* A Detailed geophysical survey will be conducted across the Stendalen layered intrusion in order to assess its potential to host Ni sulphides at depth and on its flanks.
* The Titanium/Vanadium hosting intrusion will also undergo ground reconnaissance and initial stratigraphic drilling to signature this mineralisation as well as assess the Ni sulphide hosting potential.
* The Paatusoq syenite intrusion will be visited and sampled in 2023, with the main objectives being to follow up on historic radiometric anomalies and identify areas of mineralisation. Drone surveys may be carried out to improve geological maps of the intrusion.
* A virtually unexplored layered gabbro intrusion in contact with the Paatusoq syenites may also be visited and assessed for its similarities to the Stendalen gabbro intrusion.
2023 Exploration and Development Workplan:
Gold Projects
Nalunaq
In preparation for the 2023 field season and enabled by the debt financing, Amaroq is finalizing mine design and schedule for the up-dip portion of the Mountain Block, thus laying the groundwork for a trial mining area. In order to realise this the Nalunaq project team is working on:
Site Preparation - June to August, the site will undergo logistical planning, detailed engineering design, procurement and mobilization of equipment and project teams in preparation for underground development as well as construction of associated infrastructure.
Mine Preparation - August to January, following the mobilization of equipment and personnel, the existing developments in the Mountain Block will be re-opened and rehabilitated with all required mining services installed.
Trial Mine Operation - January 2024 onwards, Amaroq intends to commence a new operation within the Mountain Block with trial mining and ore production feeding an initial stage (gravity circuit) trial processing facility constructed on the valley floor.
In addition to this and to facilitate progressive resource growth in this trial mining area, the Company is conducting a programme of mountain drilling in the trial mining area and further up-dip
Nanoq
The 2022 season saw the completion of a 407.65 km2 high-resolution heli-borne geophysical survey across the Nanoq, Siku and Jokum's Shear gold projects with the aim of defining geological models to direct future drilling campaigns.
These results have highlight a number of additional targets which will be assessed during field investigations in 2023 as well as site preparation ahead of initial drilling in 2024.
Vagar Ridge
While Amaroq will focus its efforts on the development of the Nalunaq deposit during 2023, Amaroq will aim to construct a robust geological and mineralisation model to inform future exploration at Vagar. Ground preparation and drill readiness preparations will also occur ahead of the 2024 season.
Strategic Minerals Projects (Amaroq 51%)
Sava
The 2022 field season saw the completion of a two drillhole scout drilling programme across two target areas along with associated mapping and sampling across the licence.
Amaroq has proposed a 2023 season incorporating further scout drilling on at least two separate IOCG targets along with further ground exploration in the form of geological and alteration mapping guided by external IOCG specialists.
North Sava
An airborne geophysical survey of approximately 5,100 line-km was completed across the North Sava sub area targeting the continuation of the mineralisation and mineral potential already identified at interpreted by the Amaroq geology team and external consultants with conclusions are exannounced in H2-23.
Kobberminebugt Licence
Samples of the main Josva vein returned up to 11.6 % Cu over 0.5 m. Minor gold and silver grades were also reported.
The 2023 fieldwork plan
The tie up with ACAM on strategic metals becomes increasingly interesting.
More lithium, copper and nickel mines must be opened with haste if the world wants to hit its net zero goals, the International Energy Agency has warned.
The IEA said more mining of so-called critical minerals was necessary to ensure decarbonisation goals are met, warning that a target to limit global warming was at risk without further investment in extraction.
While investment has stepped up markedly in recent years, the IEA said that “more projects would in any case be needed by 2030 in a scenario that limits global warming to 1.5 °C”.
The agency also called for more investment to help diversify supply chains and end reliance on China and Australia, the two biggest critical mineral sources in the world.
IEA executive director Fatih Birol said: “At a pivotal moment for clean energy transitions worldwide, we are encouraged by the rapid growth in the market for critical minerals, which are crucial for the world to achieve its energy and climate goals.
“Even so, major challenges remain. Much more needs to be done to ensure supply chains for critical minerals are secure and sustainable.”
Lithium in particular is central to the net zero transition given its importance in battery manufacture.
I've been watching this company for the longest time and the massive opportunities it has. Finally decided the share price is looking very unlikely to dip coming up to all the activity this year and given it's underpinned by access to massive amounts of cash.
SO have started to accumulate.
We enter the second quarter of the year very well-funded, and with a busy programme of exploration to add incremental resource to the Company and to bring Nalunaq onstream on time and on budget such that we can meet trial mining in 2024. At the same time, our plans for a main market listing in Iceland move forward. I would like to thank the entire team for their dedication and hard work as we grow the Company at pace."
https://www.lse.co.uk/rns/AMRQ/1st-quarter-results-and-outline-of-2023-workplan-vya3y3sj5sb6e1p.html
Amaroq Minerals Ltd is an independent mine development company with a substantial land package of gold and strategic mineral assets covering an area of 7,866.85 km2 in Southern Greenland.
Amaroq Minerals (LON: AMRQ) shares have been relatively volatile over the past few months and were even trading for as low as 25p before its rebranding from AEX. Now worth 40p and boasting a CAD$182 million market cap, the company has hit my radar as an excellent speculative opportunity for long-term holders with a multi-year timeframe in mind.
https://www.share-talk.com/amaroq-minerals-everything-you-need-to-know-interview-qa/
https://www.lse.co.uk/rns/AMRQ/2022-nanoq-exploration-results-qe9wg1qm4pg7fkn.html
https://www.lse.co.uk/rns/AMRQ/completion-of-gcam-joint-venture-c9qoxug2dnto8ve.html
https://www.lse.co.uk/rns/AMRQ/2022-full-year-financial-results-and-update-tjy6ofayiyaxbnr.html
https://www.lse.co.uk/rns/AMRQ/debt-financing-and-potential-iceland-main-listing-za9dnvur0vpem2v.html
The Financing, together with existing capital, is expected to enable the transition from the bulk sample stage to trial mining, processing and production of gold doré on site at Nalunaq in a staged approach, ahead of full-scale production.
Dear all,
Lithium has been falling in price since November. What does it mean for #CTL, #Amaroq and all the other listed #Lithium producers and developers. Where will EV cars go, and will they undone by Hybrids? What will happen to demand? We think the presentation and Q&A could be really interesting and very useful. Gaius King presents from 7.30 pm: please register for the event here:
https://us02web.zoom.us/webinar/register/8616774919120/WN_kYxp3XARTpSWfFAuPpSfoQ
Amaroq Minerals Ltd (TSX-V:AMRQ, AIM:AMRQ) VP exploration James Gilbertson speaks to Proactive's Thomas Warner after the company released a summary of its 2022 drilling campaign at the Vagar Ridge, around 25km to the north of its larger Nalunaq site.
Gilbertson says that some of the knowledge garnered from exploring Nalunaq will be put to use in better understanding Vagar.
https://www.youtube.com/watch?v=kSg6sAA2pm8&t=2s