2024 Exploration Update for Strategic Minerals JV

Core Viewpoint - Amaroq Minerals Ltd. has made significant advancements in its strategic minerals exploration in South Greenland, with promising results from various projects and the appointment of Dr. Steve Garwin as Chief Technical Advisor [1][11]. Exploration Highlights - The company successfully completed an extensive exploration program across seven licenses under the Gardaq JV, including 5,524 meters of core drilling and geological reconnaissance [6]. - New porphyry and epithermal targets have been identified, with four new targets delineated in the South Greenland Copper Belt for follow-up work in 2025 [4][23]. - At Stendalen, drilling confirmed the presence of a copper/nickel/cobalt mineralized system, with high cobalt content observed (up to ~10% Co) [6][17]. - The Ukaleq project at Johan Dahl Land showed impressive grades of up to 12.3 g/t Au and 5.1% Cu [8][23]. Future Plans - The company plans to prioritize follow-up drilling at Stendalen and Ukaleq in 2025, leveraging new drill data and geophysical insights [11][12]. - Three new license applications targeting copper, gold, and rare/critical earth elements have been submitted, indicating a strategic expansion of exploration efforts [6][24]. Technical Insights - The exploration results have provided valuable geological insights, enhancing the understanding of mineralization controls and potential targets for future drilling [11][19]. - Downhole geophysical surveys at Stendalen have highlighted exciting targets for further exploration [6][17]. Key Personnel - The appointment of Dr. Steve Garwin, a specialist in porphyry and epithermal systems, is expected to influence the company's exploration strategy positively [6][11].