Amarc Resources
Primary ticker: TSXV:AHR
Stage of development: Exploration, Development
Primary minerals: Copper, Gold (Silver, Molybdenum)
Project to promote: DUKE District, JOY District, IKE District
Project location: Canada
Website: www.amarcresources.com
Corporate presentation: Click here
Amarc Resources Ltd. (“Amarc”), led by a management team with a history of successful discovery and transaction, is focused on discovering and transacting the next generation of long-life, high-value copper-gold porphyry districts in British Columbia (“BC”).
In 2024, drilling at the JOY District led to the discovery of the AuRORA Deposit—an open-ended, near-surface, continuous deposit characterized by high grade gold (“Au”), copper (“Cu”) and silver (“Ag”) mineralization.
Amarc’s activities at its JOY and DUKE Cu-Au Districts are backed by substantial strategic partnerships with Freeport-McMoRan and Boliden, respectively providing access to up to $200M of staged non-share dilutive funding. Amarc is solo funding its drilling at Empress, a higher-grade deposit in the IKE Cu-Au District. All Districts are 100% owned and operated by Amarc.
Significant catalysts and multiple wealth creation transaction opportunities exist at the corporate, district or deposit level within each District.
Cash: CAD10
Debt: Nil
Major shareholders:
Sutton Group Inc. – 18%
Robert Dickinson – 16.9%
Management ownership – 20%
Financials
Management Profile
Dr. Diane Nicolson
President & CEO
Dr. Diane Nicolson is President and CEO of Amarc, a Hunter Dickinson Inc.-associated company with three active Cu-Au Districts in BC, Canada. An experienced and successful mining executive, Dr. Nicolson has been active in the mining industry and minerals exploration for more than 25 years. Dr. Nicolson has extensive experience working with and leading successful precious and base metals exploration teams globally, with a particular focus in Latin America where she was based for more than 15 years. Dr. Nicolson holds a B.Sc. degree in geology from the University of London and a PhD in economic geology from the University of Wales. She has assembled at Amarc an outstanding team with extensive porphyry Cu-Au experience and a track record of discovery, development and transaction success.
What is your rationale for taking part in 121 Mining Investment?
Participation in the 121 Mining Conference is a strategic decision for Amarc and is aligned with our mission to showcase the newly discovered AuRORA high grade Au-Cu-Ag Deposit and to highlight the overall progress of our Cu-Au districts in BC. Our leadership, marked by a blend of experience and success, drives our commitment to discover and efficiently advance and transact the next generation of high-value, long-life Cu-Au deposits. Amarc’s exploration efforts are underpinned by strategic funding partnerships with industry senior companies Freeport-McMoRan and Boliden.
Amarc views the 121 Mining Conference as an excellent opportunity to engage with the investment community, highlight our high potential Cu-Au assets, and explain why Amarc represents a compelling investment in today’s resource-driven market.
What recent news would you like to highlight to investors attending?
February 28, 2025 – Amarc announced more drill results from AuRORA and Three Emerging Cu-Au Systems, in collaboration with Freeport at the JOY District
January 20, 2025 – Amarc Announced Additional Drill Results from the AuRORA Copper-Gold-Silver Deposit Discovery in Collaboration with Freeport at the JOY District, British Columbia
January 17, 2025 – Amarc Announces New High Grade “AuRORA” Copper-Gold-Silver Deposit Discovery in Collaboration with Freeport at the JOY District, British Columbia
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
1. Remobilization to the JOY District for the 2025 drilling season, including delineating the newly discovered high grade AuRORA Cu-Au-Ag Deposit and other Cu-Au targets.
2. Release of assay results from the self-funded 9-hole drill program at the higher-grade Empress Deposit.
3. Release of assay results from the 23-hole drill program at the DUKE District, testing high potential Cu-Au targets across the District.
4. Launch of the $10 million DUKE District drilling program that will focus on testing additional drill-ready and high potential Cu-Au deposit targets across the District.
6 Months:
1. Continuation of JOY and DUKE District drilling programs.
2. Determine by drilling the geometry, volume and grade distribution of the newly discovered AuRORA Cu-Au-Ag Deposit.
3. Launch of the IKE District drilling program with the intent of expanding the higher-grade Empress Cu-Au Deposit, the IKE Cu-Mo-Ag Deposit and additional Cu-Au targets in the Greater Empress Area.
12 Months:
What do you think makes your company such a compelling investment?
Amarc will be building on the AuRORA Deposit discovery at JOY, which presents much to be excited about—high grades of Au, in combination with strong Cu and Ag values intersected and the lateral and vertical continuity of those grades, all in a deposit that is near surface. Deposits with characteristics like these are highly sought after by Cu and Au producers alike. Moreover, AuRORA is only one of several important-scale sulphide systems that have been identified by our District-wide geological, geochemical and geophysical surveys at JOY, offering excellent potential for further discoveries as we work to develop this highly prospective District. Plans are to more fully drill delineate the size, shape and grade of the AuRORA Deposit this year.
Funded for extensive drilling across three districts in BC with known Cu-Au deposits and pipeline of Cu-Au deposit targets where important-scale discoveries are being made.
Continued earn-in from funding partners Freeport-McMoRan and Boliden and successful self-funding, all position Amarc as a very attractive investment opportunity with considerable potential for growth.
What are the top 3 key investor takeaways?
1. AuRORA Discovery: In 2025, Amarc Resources plans to prioritize the expansion of the exciting AuRORA Deposit—a newly discovered, high grade Cu-Au-Ag porphyry deposit that is near-surface, exhibits highly continuous lateral and vertical grades, and remains open-ended.
2. Strategic Exploration and Development: Amarc is at the forefront of exploring and developing high-value, long-life porphyry Cu-Au deposits in BC, leveraging 100% owned districts that host known Cu-Au deposits and are strategically located near key infrastructure. A dedicated and driven team is backed by substantial strategic partnerships with up to $200M in staged non-share dilutive funding from Freeport-McMoRan and Boliden.
3. Numerous upcoming catalysts and multiple significant wealth creation transaction opportunities exist at the corporate, district and deposit level as programs advance at all three Districts in 2025.