AMARC RESOURCES LTD (AXREF) Form 6-K — May 27, 2026
Amarc Resources Ltd. announced a preliminary $15 million budget for its 2026 exploration program at the JOY Copper-Gold District in British Columbia. The program is fully funded by Freeport-McMoRan, which holds a 60% interest in the joint venture vehicle AuRORA Minerals Ltd. (AML), while Amarc retains a 40% interest and serves as the primary contractor.
Key figures
- Aurora deposit width
- 0.8 km
- Aurora deposit length
- 1.4 km
- Amarc ownership in aml
- 40%
- Exploration budget 2026
- $15 million
- Pil common interest area
- 42.34 km2
- Freeport ownership in aml
- 60%
- Freeport prior expenditure
- $35 million
- Twins geophysical anomaly area
- 8.5 km2
- Freeport total investment commitment
- $110 million
- Freeport additional earn in investment
- $75 million
AI analysis
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