Amaroq Ltd.
AMRQ · Main Market · Basic Resources · mcap £453m · 97.4p 1 open situation →
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Maarmorilik development
Amaroq bought the West Greenland Hub assets last year for $10.5m, including the past-producing Black Angel mine at Maarmorilik. On 2 Nov 2026 it introduced a 'String of Pearls' strategy and reported high-grade 2026 sampling. Terms of Reference were submitted to the Government of Greenland on 30 Oct 2026, with an updated MRE under way and drilling planned for 2027.
- Next milestone
- Government review, public pre-consultation, then approval of final Terms of Reference ahead of an exploitation licence 2 Nov 2026 ↗
- Terms of Reference
- Submitted to the Government of Greenland on 30 October 2026 2 Nov 2026 ↗
- Drilling
- Resource drilling planned for 2027; equipment mobilised and stored on site 2 Nov 2026 ↗
- Resource base
- WSP reviewing historical MRE of 3.7 million tonnes plus about 700,000 tonnes of other historical mineralised material, aiming for NI 43-101 compliant MRE 2 Nov 2026 ↗
- Acquisition cost
- West Greenland Hub assets acquired last year for $10.5m 2 Nov 2026 ↗
- Environmental work
- Baseline surveys started in 2026, with WSP Denmark supporting the EIA 2 Nov 2026 ↗
Next: Government review and public pre-consultation, then approval of final Terms of Reference
- 2 Nov 2026 Terms of Reference submitted; 2027 drilling planned
- 2 Nov 2026 Terms of Reference submitted; drilling planned 2027
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