Company: AXREF
Filing Date: 2025-07-28
Form Type: 20-F
Source: 0001654954-25-008549
Chunk: 5

Company: AMARC RESOURCES LTD
Filing Date: 2025-07-28
Form: 20-F
Item: Item 4
Chunk 5
---
 as 6K reports on EDGAR (www. sec. gov). The technical work has been completed under the supervision of qualified person(s). The disclosure has been reviewed by Mark Rebagliati, P. Eng., who is a qualified person. Mr. Rebagliati is Technical Advisor - Consultant to the Company.

Amarc is focused on advancing its district-scale JOY, DUKE and IKE porphyry Cu± Au± Mo± Ag deposit projects (the “ JOY District”, the “ DUKE District” and the “ IKE District”) in northern, central and southern BC, respectively. Each of Amarc’s three districts is situated in proximity to industrial infrastructure - including power, highways and rail.

  Table of Contents  

-15-

Figure 1

Figure 1 shows the location of the Amarc’s three projects in BC in respect to operating and past producing mines, and advanced stage exploration projects held by other operators and focused on porphyry Cu deposits.

Note: Only the JOY, DUKE and IKE Districts denoted on the map with a “star” are owned by Amarc.

Amarc is the 100% owner of the DUKE and IKE Districts. Amarc holds 40% interest and Freeport-McMoRan Mineral Properties Canada Inc. (“ Freeport”) holds 60% interest in the JOY District. Amarc is manager at JOY and operator at DUKE and IKE.

The properties consist of mineral claims (and in the case of IKE, also a few small crown grants1), which were acquired through agreements with previous owners or directly from the Government of BC by on-line staking (“ Mineral Titles Online” or “ MTO”). To keep mineral claims in good standing, exploration and development work or payment instead of exploration and development must be registered and payment received by MTO before midnight of the good-to-date of the claim. The cost is $5 per hectare in years 1 and 2, $10 per hectare in years 3 and 4, $15 per hectare in years 5 and 6 and $20/hectare in year 7 and thereafter. Excess work can be banked and applied to subsequent years.

The Company has received from the BC Ministry of Energy, Mines & Low Carbon Innovation (now BC Ministry of Mines and Critical Minerals) all required permits for its completed and ongoing exploration activities, which include routine exploration permits for both drilling and Induced Polarization (“ IP”) ground geophysical