
Amaroq Minerals (AMRQ) has announced its results for 2024 and an update on planned exploration activities for 2025 as well as a “Significant Increase in Nalunaq Mineral Resource Estimate”. That sounds like further good news from a 90p share price It is, but as explained here, the Icelandic market has puked since Friday and so Amaroq shares are easier thanks to selling, partly to cover margin calls. That should be seen as an opportunity as Iceland will calm down and Amaroq’s fundamentals are better than ever.
Steve Moore writes: Kefi Gold & Copper (KEFI) has announced that its, currently 15%-owned, joint venture in Saudi Arabia is a 50:50 part of the winning tender for the 910km2 Al Hajar North Exploration Licence after being “selected from 18 multi-billion-dollar groups that participated in the tenders for five mineralised belts”. This should bode further well for the end-result of Kefi “currently engaging with a number of parties with a view… to potentially replace Kefi’s position” in the company’s overall Saudi Arabia joint venture.
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