Company: AXREF
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001654954-25-008549
Chunk: 6

Company: AMARC RESOURCES LTD
Filing Date: 2025-07-28
Form: 20-F
Item: Item 4
Chunk 6
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 surveys.

Amarc works closely with local governments, indigenous groups and other stakeholders in order to advance its mineral projects responsibly, and to do so in a manner that contributes to sustainable community and economic development. The Company pursues early and meaningful engagement to ensure our mineral exploration and development activities are well coordinated and broadly supported, address local priorities and concerns, and optimize opportunities for collaboration. In particular, the Company seeks to establish mutually beneficial partnerships with indigenous groups within whose traditional territories its projects are located, through the provision of jobs, training programs, contract opportunities, capacity funding agreements and sponsorship of community events. All Amarc’s work programs are carefully planned to achieve high levels of environmental and social performance.

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1Crown Grants are an old form of tenure that are small in area and on which certain mineral rights are granted. An annual rental is paid on the crown grants.

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TheJOY Districtis in the Toodoggone region of north-central BC, adjacent to the north of the prolific Kemess porphyry Cu-Au district (the “ Kemess District”). The JOY claims are located approximately 20 km north of the former Kemess South Mine, the government-approved Kemess Underground project and the Kemess East deposit, held by Centerra Gold. Drilling by Amarc in 2024 discovered a significant new porphyry Cu-Au-Ag deposit at JOY called AuRORA as well as making a second discovery of important mineralization at the Twins Cu-Au deposit target. The JOY District also hosts the open-ended PINE porphyry Cu-Au deposit (the “ PINE Deposit”), the Canyon deposit target discovery made in 2022 and a pipeline of other porphyry Cu-Au targets.

The Amarc exploration team completed 15,427 m of helicopter-supported drilling at JOY in 2022, which together with geophysics surveys identified several mineralized trends across the JOY District indicating the potential for clustered porphyry deposits that remain to be fully explored. In addition, the mineralization at the PINE Deposit was expanded over 1,700 m, substantial new porphyry Cu-Au mineralization was discovered at the largely overburden covered Canyon deposit target; and widely spaced initial scout drilling of the Twins sulphide system encountered widespread porphyry Cu-Au mineralization, highlighting significant exploration potential.

In late May 2023, Amarc launched an exploration program that includes extensive airborne and surface surveys focused on the detailed refinement of