Amaroq Ltd. (LSE:AMRQ) announced encouraging exploration results from its Minturn prospect in northwest Greenland, confirming the presence of a large iron oxide system with exceptionally high-grade surface mineralisation. Sampling has returned magnetite grades of up to 69.5% iron across an approximately 9 km trend, located within a broader 80 km-long mineralised corridor.
The combination of very high iron grades and low impurity levels suggests potential for direct shipping ore, with suitability for direct reduced iron applications. In addition, integrated geophysical and geochemical datasets indicate the presence of associated copper and gold mineralisation, consistent with a Kiruna-style Iron Oxide Copper Gold (IOCG) system. This raises the prospect that Minturn could evolve into a significant multi-commodity discovery of international scale.
Following these results, Amaroq plans to step up activity in 2026 with an intensive programme of scout drilling, detailed mapping and further geophysical surveys. The aim is to better define the size, geometry and economic potential of the system, while advancing understanding of its broader mineral endowment.
Management said the findings not only expand Amaroq’s growth pipeline beyond its traditional gold focus, but also highlight Greenland’s increasing importance as a source of large-scale critical mineral deposits, particularly those aligned with global steelmaking and energy transition demand.
More about Amaroq Ltd.
Amaroq Ltd. is an independent mine development company focused on unlocking Greenland’s mineral potential. While historically centred on gold, the group is expanding into critical and strategic minerals through its joint venture company Gardaq, building a portfolio of projects in frontier regions of Greenland aimed at discovering large, high-grade deposits capable of supplying global commodity markets.
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