Nanoq

Amendment - 2023 Full Year Financial Results

Retrieved on: 
Tuesday, March 26, 2024
Financial statement, Environmental impact assessment, Icelandic, Vein, Government, Mining, Growth, Fundraising, Bed, OMX, FY, Nanoq, ESG, Webcast, Corporation, Gold, Copper, Q4, Rehabilitation, Social impact assessment, SIA, Capital market, REE, Niobium, IOCG, Workforce, Unit, EIA, AIM, Nasdaq Iceland, Engineering, Person, Rare-earth element

Amendments have been made to the ‘2023 Full Year Financial Results’ announcement released on 26 March 2024 at 07:00 in the Financial Results table.

Key Points: 
  • Amendments have been made to the ‘2023 Full Year Financial Results’ announcement released on 26 March 2024 at 07:00 in the Financial Results table.
  • “We experienced some operational and procurement delays towards the end of 2023 due to adverse weather conditions, which continued into the start of 2024.
  • Amaroq will continue to review the results of the detailed geophysical programme conducted over the Kobberminebugt licence in 2023.
  • The following selected financial data is extracted from the Financial Statements for the three months ended December 31, 2023.

2023 Full Year Financial Results

Retrieved on: 
Tuesday, March 26, 2024
Financial statement, Environmental impact assessment, Icelandic, Vein, Government, Mining, Growth, Fundraising, Bed, OMX, FY, Nanoq, ESG, Webcast, Corporation, Gold, Copper, Q4, Rehabilitation, Social impact assessment, SIA, Capital market, REE, Niobium, IOCG, Workforce, Unit, EIA, AIM, Nasdaq Iceland, Engineering, Person, Rare-earth element

“We experienced some operational and procurement delays towards the end of 2023 due to adverse weather conditions, which continued into the start of 2024.

Key Points: 
  • “We experienced some operational and procurement delays towards the end of 2023 due to adverse weather conditions, which continued into the start of 2024.
  • Contracting and Procurement: At the end of Q4 2023, 80% of the key contracts for the processing plant were concluded and procurement was 80% completed.
  • Amaroq will continue to review the results of the detailed geophysical programme conducted over the Kobberminebugt licence in 2023.
  • The following selected financial data is extracted from the Financial Statements for the three months ended December 31, 2023.

Proposed Fundraising

Retrieved on: 
Monday, February 12, 2024
SRK, Engineering, EIA, Copper, Nickel, Nanoq, Weather, Mining, Mineral, Social impact assessment, Resource, ESG, Titanium, AIM, GCAM, Nasdaq First North, Halyard, Growth, Metal, Gold, National instrument, Acceleration, Graphite, Environmental impact assessment, Feasibility study, KT, Cryptocurrency

The Dolerite Dyke Model: Amaroq has worked with SRK Consulting to develop a robust Mineral Resource estimation technique for Nalunaq.

Key Points: 
  • The Dolerite Dyke Model: Amaroq has worked with SRK Consulting to develop a robust Mineral Resource estimation technique for Nalunaq.
  • Preparation for a phased ramp-up to 300 tonnes per day process plant design capacity will continue throughout the year.
  • The main initiative is accelerating development of the Target Block which will undergo trial mining in conjunction with the Mountain Block.
  • The net use of proceeds from the Fundraising will be used to fund the accelerated development of the Target Block, infrastructure investment to allow for the mining of two blocks simultaneously, preparatory works at the South & Valley Blocks, installation of the flotation circuit and DSTF, and accelerated exploration at Vagar/Nanoq and the Gardaq joint venture.