Amaroq (AMRQ) Corporate presentation summary

Strategic positioning and operations

• Focuses on gold and strategic metals exploration, acquisition, and development in Greenland, leveraging two main operational hubs in the south and west for mining and exploration activities.

• Operates the Nalunaq Gold Mine, with a 484koz Au resource, 30g/t grade, and a targeted 10-year mine life; historical production stands at ~350koz Au.

• Holds a diversified portfolio including gold, copper, base, and critical metals, with ongoing projects such as Nanoq and Black Angel.

• Engages in joint ventures like Gardaq A/S for critical mineral exploration and Suliaq ApS for mining services, and is developing renewable energy through Imeq ApS.

Financial and operational performance

• Achieved Q3 2025 gold production of 3,536 oz, with 5,000 oz produced by early October and sales totaling $16.3 million at an average price of $3,490/oz.

• Maintains strong liquidity with $45m group liquidity, $55.3m cash, and $8.9m undrawn credit facilities as of Q3 2025.

• Transitioned to an owner-operated mining model, improving efficiency and cost control, and invested in its own mining fleet.

• Completed a planned shutdown and restarted operations, with full-year 2025 gold production guidance updated to 6,000–7,000 oz.

Exploration and growth initiatives

• Launched 2025 exploration with multi-rig drilling at Nalunaq and Nanoq, and regional exploration for copper, nickel, and REE targets.

• Nanoq project drilling in 2025 tested 600m of strike, intersecting high-grade gold (up to 187.4g/t Au over 1.5m) and copper (up to 1.12% Cu over 0.5m), confirming multiple mineralized horizons.

• Black Angel and Kangerluarsuk projects identified commercial levels of zinc, lead, silver, germanium, gallium, and cadmium, with significant infrastructure and exploration upside.

• Gardaq A/S JV targets high-value strategic minerals, with over 20 active projects and 4,630km² in current licence holdings.