# Updated Mineral Resource Estimate and publication of Competent Persons Report Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/updated-mineral-resource-estimate-and-publication-of-competent-persons-report--d489725c-95ff-4830-8b27-a5a9cc56554f Original source: https://www.globenewswire.com/news-release/2026/07/29/3335313/0/en/updated-mineral-resource-estimate-and-publication-of-competent-persons-report.html Publisher: globenewswire Original announcement: 2026-07-29T00:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Amaroq Ltd. - Ticker: AMRQ - Exchange: Unavailable - Region: South Greenland - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update - Extracted: 2026-08-20 19:30:34 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Amaroq Ltd. has released an updated Mineral Resource Estimate \(MRE5\) for the Nalunaq gold project in Greenland, reporting total contained gold of 504 koz at 30.35 g/t Au. The update is highlighted by a 10.6% increase in Indicated gold resources, providing a stronger technical foundation for a future maiden Mineral Reserve declaration. Reasoning: The update shows significant growth in the Indicated category \(+10.6% contained gold\) and crosses the 500koz total gold threshold, driven by successful infill drilling. - Positive factor: Indicated gold resource growth of 10.6% - Positive factor: Total contained gold exceeds 500koz milestone - Positive factor: High-grade nature of the deposit maintained - Positive factor: Successful infill drilling and development sampling - Negative factor: Significant portion of high-grade MB HG2 domain remains in Inferred category Facts used in scoring: 5 ## Classification and evidence **Category Upgrade** Polarity: positive Definition: Resource confidence improved — Inferred upgraded to Indicated, or Indicated to Measured. De-risking signal. Why it applies: Indicated gold resources increased in contained gold by 10.6% relative to MRE4. Evidence · text > Indicated Mineral Resource category increased in contained gold by 10.6% to 174 koz **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: James McFarlane of Bara Consulting Ltd is named as the Competent Person/Qualified Person. Evidence · text > The Competent Person and Qualified Person responsible for the Mineral Resource Estimate is Mr James McFarlane **Cut-off Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: The cut-off grade of 5.52g/t Au is explicitly stated. Evidence · text > Mineral Resources are reported... above a cut-off grade of 5.52g/t Au. **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the resource \(329 koz\) is classified as Inferred. Evidence · text > comprising 174 koz in the Indicated category and 329 koz in the Inferred category ## Extracted facts Stored fact records: 5. Some facts used in scoring do not have a stored record. ## Resource Estimates (5) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/updated-mineral-resource-estimate-and-publication-of-competent-persons-report--d489725c-95ff-4830-8b27-a5a9cc56554f#fact-resource-facts-0) gold #### Identity - Commodity: gold - Ticker: AMRQ #### Resource Data - Category: indicated - Tonnes: 163300 - Grade: 33.2 - Grade Unit: g/t - Contained Metal: 174000 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-29T00:00:00.000Z Reasoning: Strong growth in the Indicated category driven by infill drilling. - Positive factor: 10.6% increase in contained gold vs MRE4 Evidence · text > Indicated Mineral Resource category increased in contained gold by 10.6% to 174 koz, comprising 163.3kt at 33.20g/t Au ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/updated-mineral-resource-estimate-and-publication-of-competent-persons-report--d489725c-95ff-4830-8b27-a5a9cc56554f#fact-resource-facts-1) gold #### Identity - Commodity: gold - Ticker: AMRQ #### Resource Data - Category: inferred - Tonnes: 352800 - Grade: 29.03 - Grade Unit: g/t - Contained Metal: 329000 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-29T00:00:00.000Z Reasoning: Large Inferred component limits immediate economic confidence despite high grades. - Positive factor: Slight increase in contained gold \(+0.9%\) - Negative factor: High-grade MB HG2 domain remains in Inferred category Evidence · text > Inferred Mineral Resources increased to 329 koz, comprising 352.8kt at 29.03g/t Au ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/updated-mineral-resource-estimate-and-publication-of-competent-persons-report--d489725c-95ff-4830-8b27-a5a9cc56554f#fact-resource-facts-2) gold #### Identity - Commodity: gold - Ticker: AMRQ #### Resource Data - Category: indicated - Tonnes: 163300 - Grade: 33.2 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-29T00:00:00.000Z Reasoning: Total resource summary fact. Evidence · table > 33.20 Context: 163,300t ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/updated-mineral-resource-estimate-and-publication-of-competent-persons-report--d489725c-95ff-4830-8b27-a5a9cc56554f#fact-resource-facts-3) gold #### Identity - Commodity: gold - Ticker: AMRQ #### Resource Data - Category: inferred - Tonnes: 352800 - Grade: 29.03 - Grade Unit: g/t #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-29T00:00:00.000Z Reasoning: Total resource summary fact. Evidence · table > 29.03 Context: 352,800t ### total [Link to this fact](https://atlas-staging.minestarters.com/news/updated-mineral-resource-estimate-and-publication-of-competent-persons-report--d489725c-95ff-4830-8b27-a5a9cc56554f#fact-resource-facts-4) gold #### Identity - Commodity: gold - Ticker: AMRQ #### Resource Data - Category: total - Tonnes: 516100 - Grade: 30.35 - Grade Unit: g/t - Contained Metal: 504000 - Contained Unit: koz #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2026-07-29T00:00:00.000Z Reasoning: Total resource milestone achieved. - Positive factor: Crossed 500koz threshold Evidence · text > Total Mineral Resources have increased to 504 koz of contained gold... at an average grade of 30.35g/t Au ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.