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Hi All,
I am relatively new to this group with my main focus on a potash play (Emmerson, EML), another speculative long-term mining stock. The main risk with EML is the wait on the Environmental permit which without EML cannot finance the mine construction, etc. What are the main risks with Amaroq or the things that will stop them at least producing gold from their Nanulaq mine? Do we have confidence production and positive cash flow will start in 2024?
Thanks in advance.
Actually, when I say low volume, it does include some largish trades, apparently both ways, a redistribution if you like, with the price starting again. So quite satisfactory.
Low volume to be sure, but nevertheless a high on the price. And going along satisfactorily with normal company business.
https://www.lse.co.uk/rns/AMRQ/kobberminebugt-licence-exploration-results-6ww5mh1vs1c3aqt.html
Potential building.
Had a look as you have. Found nothing beyond this.
· Additional drilling completed across two further projects at Sava and at Vagar Ridge, with results expected in Q4 and follow up exploration and drilling planned for 2023.
· Vagar Ridge: Following limited drilling during 2022 due to weather conditions, Amaroq will finalize the scout drilling programme to improve the understanding of the geology and mineralisation of the discovery.
Did AMRQ communicate when we can expect the Vagar results?
From published RNS.
2023 Exploration Programme Objectives
Following a successful 2022 field season, Amaroq is planning the next development phase at Nalunaq. The Corporation intends to proceed with the extraction of a large bulk sample within one of the resource areas with the aim to upgrade the Mineral Resource, a further step towards a maiden Mineral Reserve estimate. The bulk sample will demonstrate the revenue generation potential of the resource and be the first step toward full production. Ahead of the bulk sample, Amaroq will conduct trade off studies to decide whether to source the material from the Valley or Mountain Blocks. The Corporation is in negotiation with various mining and construction contractors for this work.
Amaroq will also conduct a programme of surface drilling into the Mountain Block to further extend the Inferred Resources in this extremely high-grade zone of the project. Drilling may also be used to target generate in the newly defined Welcome Block area.
I see they’re last shown as 82, yesterday, Iceland money I suppose.
https://keldan.is/Markadir/Hlutabref/AMRQ
Thanks JCEP for giving that link earlier.
Seems highly encouraging to me, consistent results without major surprises - exactly what this company needs more of.
Just for the record, as we go.
https://www.lse.co.uk/rns/AMRQ/nalunaq-2022-exploration-results-3m1yprkhv7gb90u.html
Amaroq expands Valley Block and records highest ever drill grade of 116g/t Au over 0.6m during the 2022 exploration programme.
They’ve found themselves diluted a bit. More to go?
They just keep quietly adding.
https://www.lse.co.uk/rns/AMRQ/directorpdmr-shareholding-a7gjmvk86c42d2i.html
https://www.lse.co.uk/rns/AMRQ/q3-2022-financial-results-and-2023-objectives-362b1kl5d4rsb27.html
All according to plan.
Some results next this quarter.
“Additional drilling completed across two further projects at Sava and at Vagar Ridge, with results expected in Q4 and follow up exploration and drilling planned for 2023.”
42: The answer to life, the universe and everything.
Yes
What’s that? 42p?
The Icelanders have got the idea https://keldan.is/Markadir/Hlutabref/AMRQ
bodes well for future exploration.
https://www.lse.co.uk/rns/AMRQ/sava-licence-exploration-results-nrsf7buciht7ziw.html
‘I am delighted to announce to the market today that our 2022 exploration programme at Sava, which was only designed as early stage reconnaissance, has identified copper, gold, silver and molybdenum IOCG style mineralisation across three sites. These results confirm that Amaroq holds a significant licence area covering a large scale, highly prospective strategic metals belt.
"The potential for Greenland to supply strategic energy transition minerals is highly significant for Western Governments and companies to reach their decarbonisation targets and secure supply. These results will cast no doubt on the opportunity and the recently announced JV deal with GCAM gives us the financial resources needed to conduct a thorough exploration programme going forward with the aim of making large scale discoveries across our strategic mineral portfolio.'
20th. October.
"I am delighted to announce the results of the Fundraising, which will prove transformational for Amaroq as we bring our cornerstone Nalunaq project towards production. I would like to welcome our new investors as well as thank all existing shareholders for their continued support, and I look forward to providing further updates as we continue to drive growth across our exciting precious and strategic materials portfolio."
It was a dilution from new issue of shares from fundraise