Þróunaráætlun fyrir Maarmorilik-verkefnið – niðurstöður rannsókna ársins 2026 sýna hátt hlutfall sinks, blýs og silfurs

Reykjavík, Nov. 02, 2026 (GLOBE NEWSWIRE) --

Þróunaráætlun fyrir Maarmorilik-verkefnið – niðurstöður rannsókna ársins 2026 sýna hátt hlutfall sinks, blýs og silfurs

**Kynning á „String of Pearls“ aðferðafræði fyrir Maarmorilik-svæðið**
**Rannsóknir ársins 2026 í Maarmorilik sýna hátt hlutfall sinks, blýs og silfurs, auk annarra mikilvægra málma**
**Verkefnalýsingu (Terms of Reference) hefur verið skilað inn til stjórnvalda á Grænlandi**

Amaroq Ltd. (LSE Main Market og Nasdaq Iceland Main Market: AMRQ, OTCQX: AMRQF) kynnir „String of Pearls“ þróunaráætlun fyrir Maarmorilik-svæðið (sem nær til fyrrum framleiðslunámunnar Black Angel) og niðurstöður rannsókna félagsins á árinu 2026 í Maarmorilik á Vestur-Grænlandi.

Niðurstöður rannsókna ársins sýna fram á hátt málminnihald sinks, blýs og silfurs, auk germaníums og gallíums en niðurstöðurnar byggja á yfirborðs- og rásasýnatöku á nýjum svæðum innan hins efnilega Maarmorilik-svæðis.Niðurstöðurnar styðja áform félagsins um að efla þróun Maarmorilik-verkefnisins.

Félagið tilkynnir jafnframt að verkefnalýsingu (Terms of Reference) vegna uppbyggingar Maarmorilik hefur verið skilað inn til stjórnvalda á Grænlandi. Verkefnalýsingin markar mikilvægt skref í framgangi verkefnisins, með mati á umhverfisáhrifum (EIA) og samfélagsáhrifum (SIA) í átt að framleiðslu.

Helstu atriði:

• Kynning á „String of Pearls“ þróunaráætlun fyrir Maarmorilik: Stefnan sameinar Black Angel og Nunngarut, þar sem vinnsla hefur áður farið fram, við nærliggjandi svæði, svokallaðar „perlur“, sem hafa verið skilgreind í kjölfar hopandi jökuls og frekari rannsókna, í eina samræmda áætlun um námuvinnslu og innviði.
• Rása- og bergsýni sýndu fram á hátt sink-innihald, allt að 62,2% í einstökum bergsýnum.
  • Garde – rásasýni sýndi 3,1 metra kafla með 17,49% sinki, 8,08% blýi og 36 g/t silfri, auk 159,2 ppm gallíns og 107,5 ppm germaníum. Í bergsýnum mældist allt að 62,2% sink, 0,1% blý og 7 g/t silfur, auk 261 ppm gallíns og 6 ppm germaníum.
  • Wedge – rásasýni sýndi 4,1 metra kafla með 10,05% sinki, 0,5% blýi og 5 g/t silfri, auk 181,5 ppm gallíns. Í bergsýnum mældist allt að 26,8% sink, auk 517 ppm gallíns og 22 ppm germaníum.
  • Glacier – í bergsýnum mældist allt að 32,2% sink, 9,1% blý og 59 g/t silfur, auk 146 ppm gallíns og 241 ppm germaníum.
  • Myers – í bergsýnum mældist allt að 30,6% sink, 11,1% blý og 37 g/t silfur, auk 55 ppm gallíns og 20 ppm germaníum.
• Víðfeðm blý- og sinksúlfíðmyndun var kortlögð á meira en 350 metra kafla við Garde og 180 metra kafla við Wedge. Á báðum svæðum er steindamyndunin opin við yfirborð og hafa svæðin verið sett í forgang fyrir boranir árið 2027.
• Undirbúningur borana fyrir árið 2027 er vel á veg kominn: Borbúnaður hefur þegar verið fluttur á svæðið og geymdur þar svo hefja megi vinnu snemma á næsta ári. Grunnrannsóknir vegna umhverfisáhrifa hófust árið 2026 og WSP Denmark aðstoðar við undirbúning umhverfismats (Environmental Impact Assessment).
• Verkefnalýsing vegna umhverfismats (EIA) og samfélagsáhrifa (SIA) verkefnisins var lögð fyrir grænlensk stjórnvöld í október, sem er mikilvægt skref í átt að frekari þróun og framgangi verkefnisins.
  
  

Eldur Ólafsson, forstjóri Amaroq:

„Frá því að við fjárfestum í West Greenland Hub á síðasta ári fyrir 10,5 milljónir Bandaríkjadala hefur teymið okkar lagt hart að sér að móta hagkvæma og verðmætaskapandi stefnu fyrir enduruppbyggingu Maarmorilik-svæðisins, þar sem Black Angel-náman, sem áður var starfrækt, er staðsett.

Aðferðafræðin „String of Pearls“ er sérstaklega hönnuð til að nýta þau verðmæti sem þegar felast í áætluðum auðlindum (MRE) svæðisins, en jafnframt að nýta áður ónýtta möguleika fjölmargra nýrra svæða í nágrenni núverandi innviða. Þetta er gott dæmi um það sem Amaroq gerir best; að nýta fyrirliggjandi innviði til að hámarka virði auðlindanna og skapa sjóðstreymi með vinnslu á svæðum þar sem málminnihald er einstaklega hátt.

Nú þegar verklýsing vegna þróunarverkefnisins hefur verið lögð fyrir stjórnvöld í Grænlandi hlakka ég til að flytja markaðnum frekari fréttir af framvindu verkefnisins, samhliða því að við vinnum að markmiði okkar um framleiðslu úr fleiri en einni námu á Grænlandi.“

Will Gray, verkefnastjóri Amaroq í Maarmorilik:

„Rannsóknarniðurstöður frá Maarmorilik árið 2026 eru ánægjulegar. Þær sýna hátt málminnihald í sýnum og í sumum tilvikum sérstaklega hátt sinkinnihald. Til samanburðar var meðalinnihald unnins málmgrýtis í starfandi námum á borð við Garpenberg í Svíþjóð um 3% sink, 1,3% blý og 96 g/t silfur árið 2025. Þótt könnunarsýni okkar séu ekki beint sambærileg við meðalinnihald unnins málmgrýtis, undirstrikar sink- og blýinnihaldið í Maarmorilik þá möguleika sem við vinnum nú að því að skilgreina.

Þar sem borbúnaður er þegar kominn á svæðið er mikil tilhlökkun fyrir borunarverkefni ársins 2027, sem miðar að því að færa öll svæðin í auðlindaflokk svo hægt verði að skilgreina betur heildarmöguleika Maarmorilik.“

Introducing the String of Pearls strategy for the development of Maarmorilik area

Amaroq’s development concept brings together the past producing Black Angel & Nunngarut ore bodies with surrounding deposits, the ‘Pearls’, subsequently identified as a result of retreating ice cover and further exploratory work, within a coordinated mining and infrastructure plan. The approach seeks to develop successive sources of mineralisation while advancing access to the Archangel Zone (previously known as the Deep Ice Zone, DIZ) and testing extensions.

Garde and Wedge join Glacier and Ark as potential shallow and accessible mining opportunities, subject to drilling and engineering assessment. Mapping at Garde and reinterpretation of folding at Wedge indicate potential for thicker sulphide zones down dip. These targets, together with the previously identified high grade Archangel Zone, will inform the planned 2027 drilling programme.

The Company has produced Episode 7 of its documentary series, String of Pearls, filmed on location at Maarmorilik in September 2026. The episode follows the Amaroq team across the Maarmorilik area and sets out the thinking behind the String of Pearls development strategy. It is available on the Company’s YouTube channel at: 
https://www.youtube.com/@AmaroqMinerals 

Project Terms of Reference submitted to the Government of Greenland.

On 30 October 2026, Amaroq submitted Project Terms of Reference to the Government of Greenland. This is the first step in gaining mining approval as the Company works towards advancing the project to development. The process comprises Government review and public pre-consultation on the proposed project, followed by approval of the final Terms of Reference ahead of the granting of an exploitation licence.

Updating the resource base and defining expansion potential

WSP is reviewing Maarmorilik’s historical MRE of 3.7 million tonnes, together with a further approximately 700,000 tonnes of historically identified mineralised material considered a near-term opportunity for resource definition. The work aims to establish an updated MRE compliant with NI 43-101 and assess a separate Exploration Target to guide expansion under the Company’s ‘String of Pearls’ strategy. It is anticipated that there will be a large Exploration Target, which the Company believes has a strong geological basis, given previous mining, diamond drilling, observed mineralisation and multiple supporting assays.

Targeted verification and engineering studies will assess the additional material’s potential for inclusion in the updated/future MREs.

Technical disclosure

Channel intervals are reported as sampled lengths, rather than confirmed true widths. Rock-chip and grab samples are selective and may not represent the overall grade of a deposit. Germanium and gallium results demonstrate their presence; recovery into saleable products and potential economic contributions remain to be established.

Sampling and QAQC Disclosure

A series of rock chip samples were collected from the Maarmorilik area in West Greenland. Rock chip samples were collected from outcrops using geological hammers and placed into calico cotton sample bags with a numbered sample ticket.

Channel samples were cut perpendicular to mineralisation, as continuous samples typically 1-2 metres in length, using a diamond blade rock saw and placed into calico cotton sample bags with a numbered sample ticket.

All samples were packaged and sent to an accredited laboratory, ALS Geochemistry, Loughrea, Ireland, for analysis. Preparation scheme PREP-31BY was used on all samples. This involves crushing to 70% under 2 mm, rotary split off 1 kg, and pulverizing the split to better than 85% passing 75 microns.

Samples were analysed for 52 elements using sodium peroxide fusion method ME-MS89L with ICP-MS finish. Overlimit samples were then analysed with four-acid digestion ICP-AES method ME-OG62h for Zn, Pb and Fe. Selected samples were analysed using 50 g fire assay method Au-ICP22 and multielement method ME-ICP61 which uses a four-acid digestion paired with ICP-AES analysis for 34 elements. Six samples were analysed for organic carbon with method C-IR06.

Grab sample QAQC procedures consisted of the insertion of blanks and certified reference materials (“CRMs” or “Standards”) at a rate of 1 in 20 or 5% per QA/QC type. In addition, ALS insert blanks and standards into the analytical process.

Fyrirspurnir:

Amaroq Ltd. C/O
Ed Westropp, Chief Corporate Development and Strategy Officer
+44 (0)7385 755711
ewe@amaroqminerals.com

Canaccord Genuity Limited (Corporate Broker)
James Asensio
Rory Blundell
Harry Rees
+44 (0) 20 7523 8000

Citigroup Global Markets (Corporate Broker)
Andrew Miller-Jones
David Herring
+44 (0) 207 986 3463

Panmure Liberum Limited (Corporate Broker)
Scott Mathieson
Piers Shimwell
+44 (0) 20 7886 2500

Camarco (Financial PR)
Elfie Harkell
Rebecca Waterworth
Charlie Ramos
+44 (0) 20 3757 4980

Further Information:

About Amaroq

Amaroq’s focus is the identification, acquisition, exploration and development of gold and strategic metals in Greenland. The Company’s principal asset is the 100% owned and operated, producing Nalunaq Gold mine.
Amaroq’s significant exploration portfolio includes opportunities in gold, copper, nickel, and rare earth elements across South Greenland as well as zinc, lead, silver, germanium and gallium at its West Greenland Hub centred on the past-producing zinc-lead-silver mine at Maarmorilik and the nearby Kangerluarsuk exploration licence, and the Minturn Iron Oxide Copper Gold prospect in northwest Greenland. The Company’s strategy is to unlock the resource potential in Greenland through the continued exploration and development of its wider portfolio, while building a responsible, full-cycle mining company, including through its Suliaq subsidiary, which provides mining services and logistics capabilities for Greenland’s developing mining sector, and Imeq ApS, Greenland's first private hydroelectric project.
The Company is listed on the LSE and Nasdaq Iceland under the ticker AMRQ, and on OTCQX under AMRQF.

Forward-Looking Information

This Announcement includes statements that are, or may be deemed to be, “forward-looking statements”. In some cases, these forward-looking statements can be identified by the use of forward-looking terminology, including the terms “aims”, “anticipates”, “believes”, “could”, “envisages”, “estimates”, “expects”, “intends”, “may”, “plans”, “projects”, “should”, “targets” or “will” or, in each case, their negative or other variations or comparable terminology. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future and factors which are beyond the Company’s control. The actual results, performance or achievements of the Company or developments in the industry in which the Company operates may differ materially from the future results, performance or achievements or industry developments expressed or implied by the forward-looking statements contained in this Announcement. The forward-looking statements contained in this Announcement speak only as at the date of this Announcement. The Company undertakes no obligation to update or revise publicly the forward-looking statements contained in this Announcement, except as required in order to comply with its legal and regulatory obligations.

Inside Information

This announcement does not contain inside information.

Qualified Person Statement
The technical information presented in this press release has been approved by James Gilbertson CGeol, VP Exploration for Amaroq and a Chartered Geologist with the Geological Society of London, and as such a Qualified Person as defined by NI 43-101.

Mr Gilbertson has reviewed and approved the scientific and technical information contained in this news release. Specifically, Mr Gilbertson has reviewed the sampling and analytical procedures described and considers the data to be reliable for the purpose of this disclosure.

Glossary

Au	gold
Cu	Copper
g	grams
g/t	grams per tonne
ppm	Parts per million
km	kilometres
koz	thousand ounces
m	meters
oz	ounces
t	tonnes