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 exploring and developing the next generation of long-life, high-value copper-gold (“Cu-Au”) porphyry districts in BC.
Amarc’s activities at it’s JOY and DUKE Districts are backed by substantial strategic partnerships with Freeport-McMoRan and the Boliden Group, respectively providing access to up to $200M of staged non-dilutive funding. Amarc intends to solo fund drilling at the higher-grade Empress Deposit at it’s IKE District. All Districts are 100% owned and operated by Amarc.
In early 2024, Amarc commenced $17M in extensive drilling across its Cu-Au Districts. Significant catalysts and multiple wealth creation transaction opportunities exist at the corporate, district or deposit level within each District.
Cash: CAD 11.3
Debt: Nil
Major shareholders:
Sutton Group Inc. – 19%
Robert Dickinson – 15%
Sun Valley Gold LLC – 7%
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 several active exploration properties in BC, Canada. An experienced and successful mining executive and economic geologist, 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 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 in North America.
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 spotlight the important potential and progress of the company’s Cu-Au Districts in BC. Our leadership, marked by a blend of experience and success, drives our commitment to advance the next generation of high-value, long-life porphyry Cu-Au deposits. Amarc’s exploration efforts are underpinned by strategic partnerships with industry leaders Freeport-McMoRan and the Boliden Group.
Amarc believes the Conference provides an excellent platform to engage with the investment community, showcase the potential of our portfolio of Cu-Au assets, and articulate why Amarc represents a compelling investment opportunity in today’s resource-driven market.
What recent news would you like to highlight to investors attending?
April 16, 2024 – Amarc Introduces the JO Porphyry Copper-Gold Discovery in the Duke District
February 8, 2024 – Amarc Launches 2024 Duke Copper-Gold District Drilling
January 19, 2024 – Amarc’s Comprehensive 2023 Surveys at Duke Confirm Porphyry Copper-Gold Deposit Potential Across the District
January 11, 2024 – Amarc 2023 Year in Review Fully Funded for Extensive 2024 Drilling
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
1. Imminent remobilization to the DUKE District for the 2024 summer drilling season, including at the drill-ready, exciting SVEA Deposit Target and JO Cu-Au Targets.
2. Release of assay results from the recently completed 9-hole winter drill program at the DUKE District, that focused on the DUKE Deposit and surrounding DUKE Target.
3. Launch of the JOY District drilling program that will focus on testing several drill-ready and high potential Cu-Au deposit targets across the District, as well as continued drilling at the PINE Deposit and Canyon deposit discovery.
6 Months:
1. Continuation of DUKE and JOY District drilling programs.
2. Launch of the IKE District drilling program with the intent of expanding the higher-grade Empress Deposit (1-3% CuEQ1).
12 Months:
What do you think makes your company such a compelling investment?
Amarc is leveraged to capitalize on the rising demand for Cu with a management team that has a track record of discovery, development, and transaction success.
Fully funded for extensive drilling across three districts in British Columbia with known Cu-Au deposits and pipeline of Cu-Au deposit targets where discoveries are being made.
Continued earn-in from funding partners Freeport-McMoRan and the Boliden Group with international equity financing for self-funded District, all position Amarc as a very attractive investment opportunity with considerable potential for growth.
What are the top 3 key investor takeaways?
1. 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-dilutive funding from Freeport-McMoRan and the Boliden Group.
2. Compelling Entry Level Opportunity: With a market capitalization of $35 million, Amarc expects this year to conduct at least $17 million of drilling (commenced in February) that will yield significant results, positioning Amarc as an attractive investment opportunity.
3. Numerous upcoming catalysts and multiple significant wealth creation transaction opportunities exist at the corporate, district or deposit level as drilling programs advance at all three Districts in 2024.