RE: Future23 Sep 2025 10:58
As a matter of fact, on the gold, this is where by last on the subject, via RNS, Amaroq stands, and ongoing.
Nalunaq gold mine
Following the announcement of the fourth Mineral Resource Estimate (MRE4) in April 2025, (including a maiden Indicated Resource and increased total Mineral Resources1), the exploration team has undertaken detailed planning to incorporate these results into both ongoing operations and the 2025 exploration programme.
In consultation with Bara Consulting, Amaroq plans to conduct an integrated programme of underground and surface exploration. Underground drilling will proceed almost continuously, focusing on expanding both the scale and confidence of the resource within the Mountain Block and Target Block areas.
At surface, the Company plans up to 3,500 metres of core drilling across the lower Target Block and the South Block Deeps - an area interpreted as a potential down-dip continuation of the Nalunaq Main Vein; looking to further de-risk the 1.7 million ounce Exploration Target.
Nanoq
The 2024 Nanoq drilling campaign returned encouraging high-grade results. Starting in late July 2025, Amaroq will conduct a comprehensive multi-rig drilling programme in order to evaluate the scale of the resource opportunity and advance towards defining a maiden Mineral Resource.
Equipment has been shipped from Denmark via Nalunaq, with arrival at the Nanoq site expected during the second half of July 2025. The planned programme includes approximately 5,000 metres of core drilling across the central zone, with additional exploratory drilling possible along the western extension. A 45-person camp and supporting facilities will be established near the drill sites, enabling core logging, cutting, and sampling on site. This approach provides flexibility to adapt the drill plan in real time as results are received.