Announcement • Jul 16
Amaroq Announces Nalunaq Mine Underground Drilling Results Amaroq announced further high-grade underground drilling results from the ongoing resource definition and production support drilling programme at the Nalunaq Gold Mine in southern Greenland. The results continue to confirm the high-grade nature of the Nalunaq Main Vein, within the Mountain Block and further reinforces Amaroq’s confidence in the near- and medium-term production profile at Nalunaq, as well as de-risking the ~2Moz Au exploration target. Nalunaq is a high-grade underground gold mine where mining confidence is progressively increased through a systematic programme of underground drilling undertaken ahead of planned production. The Company considers this approach fundamental to operating a high-grade narrow-vein mine. Rather than relying solely on historical resource drilling, geological confidence is continually enhanced through underground drilling, face mapping, channel sampling, mine development and ongoing production reconciliation. This integrated approach allows Amaroq to continually refine its understanding of the deposit while simultaneously improving confidence in the location, geometry and grade of planned stopes. Drilling on the 500 Level tested the geological model between interpreted faulted domains where definitive stopes have not yet been designed. Additional results from this programme will further refine the geological interpretation and future results will be reported once assays have been received. Following completion of the current programme, Amaroq intends to relocate underground drilling to the 810 Level, where drilling will initially focus on increasing geological confidence within the western stopes of the near-term mine plan. As mining and development progress, the programme will transition into systematic resource growth drilling from the planned 810 Exploration Drift. This new exploration drive will provide underground access to largely untested portions of the Main Vein, that have historically been difficult to evaluate from surface drilling alone, due to the geometry of the deposit and limited drilling angles. By drilling from underground into these previously inaccessible areas, Amaroq expects to significantly improve geological understanding, while testing for extensions of the high-grade Main Vein immediately adjacent to existing mine infrastructure. The Company believes this represents one of the most prospective opportunities for near-mine resource growth at Nalunaq, with the potential to unlock substantial additional mineralisation as development advances into previously unexplored ground. Alongside underground drilling, Amaroq is undertaking a programme of mountaineering-supported channel sampling across the upper portions of the Nalunaq mine.Sampling is being undertaken between approximately Level 804 and Level 996, targeting both the Main Vein ("MV") and the 75 Vein ("75V"), which becomes increasingly exposed towards the upper parts of the mine. The programme is designed to supplement underground drilling with closely spaced geological observations and assay information from areas that are difficult to investigate using conventional drilling techniques.Although assays remain pending, the Company is encouraged by the presence of significant visible gold observed in a number of channel samples. Analytical results will be reported once available. Amaroq intends to release the updated Mineral Resource Estimate (MRE5) shortly. The underground drilling results reported in this announcement fall after the data cut-off date used for MRE5 and therefore represent additional upside beyond the forthcoming resource update. The timing of MRE5 has been deliberately aligned with the Company's planned London Stock Exchange Main Market uplisting and the incorporation of production reconciliation data generated during Nalunaq's operational ramp-up. All drill core samples reported in this release were prepared and analysed by ALS Geochemistry's onsite laboratory at the Nalunaq Gold Mine using Aqua Regia digestion with Atomic Absorption Spectrometry (AAS) (Au-OG44n).To provide ongoing analytical verification, the majority of mineralised intervals have also been submitted to ALS Geochemistry Laboratories, Loughrea, Ireland, for conventional Fire Assay. The analytical method used is Au-AA26 (gold by fire assay and Atomic Absorption Spectroscopy/AAS), and in some instances due to its higher upper limit of detection, Au-GRA22 (gold by fire assay with a gravimetric finish). Screen Fire Assays (e.g., Au-SCR24) are also used where appropriate.At the date of this announcement, several reported mineralised intersections are supported by Aqua Regia assay results only, with independent Fire Assay verification still in progress. The Company considers the onsite Aqua Regia laboratory to provide reliable operational assay data, while the external Fire Assay programme forms part of Amaroq's routine quality assurance and verification procedures.Amaroq's QA/QC programme includes the systematic insertion of certified reference materials, blanks and duplicate samples throughout the sampling sequence. ALS Geochemistry also inserts laboratory standards and blanks as part of its own internal quality control procedures. No material QA/QC issues have been identified in relation to the results reported herein. Announcement • Jun 29
Amaroq Ltd Commences Drilling At Ilua Rare Earth Project in South Greenland Amaroq Ltd. announced the commencement of drilling at the Ilua Pegmatite rare earth element prospect, within the Nunarsuit licence area in South Greenland, held within the Gardaq Joint Venture. The programme marks the first of the Company’s 2026 exploration campaigns and represents the next phase of evaluation of one of Greenland’s emerging conventional rare earth element targets. The 2026 programme is designed to test three initial scout drill targets, distributed along the Ilua Pegmatite Zone, a prospective, conventional rare earth element-hosting system, extending for at least 5km of strike. Drilling will be supported by detailed geological mapping, channel sampling, and mineralogical studies aimed at further defining the geometry, continuity, and rare earth mineralogy of the system. The analysis will also start to define the economic potential and best commercialisation options. Previous exploration at Ilua identified significant rare earth element enrichment within a series of pegmatite bodies, exposed at surface across the southern part of the licence area. In 2025, surface sampling returned grades of up to 2.3% total rare earth oxides, with approximately 27% comprising valuable heavy rare earth elements and with favourable distribution of critical magnet rare earths, including neodymium, praseodymium, dysprosium and terbium, exhibiting low radionuclide contents, below the Greenland government’s regulatory threshold. The current programme is intended to provide the first subsurface assessment of these targets and advance the Company’s understanding of the scale and economic potential of the mineralised system. Provisional mineralogical studies have confirmed the presence of several easily processable and high value rare earth element-bearing minerals including britholite (rare earth element-rich apatite), monazite, and zircon. Ongoing mineralogical studies indicate the rare earth element mineralisation may be hosted within more conventional rare earth element-bearing minerals, including monazite. Monazite is one of the world's most important commercial rare earth element minerals and forms the basis of several advanced and producing rare earth element projects globally, including Mt Weld in Australia, Eneabba in Australia and Steenkampskraal in South Africa, providing encouragement that the Ilua Project may offer a more straightforward development pathway, than some of the more mineralogically complex rare earth element projects elsewhere within the Gardar Province. Announcement • Jun 11
Amaroq Ltd. Confirms Production Guidance for the First Half of 2026; Reiterates Production Guidance for the Fiscal 2026 Amaroq Ltd. confirmed production guidance for the first half of 2026. For the first half, the company confirmed the production range of between 7,000 and 10,000 oz of gold.
The Company reiterated fiscal 2026 gold production guidance of 25-35 koz. 
