Edison Investment Research - AEX Gold (AEX) AEX Gold - Change in strategy driven by high nugget effect

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Edison Investment Research

Ryan Long

AEX Gold - Change in strategy driven by high nugget effect

AEX Gold is an exploration company with a substantial ground holding in Greenland. The companyâ€™s most advanced project is the former producing high-grade gold mine, Nalunaq. Over 350,000oz of gold were produced from Nalunaq at an average grade of 15g/t Au between 2004 and 2009, with an additional 15,000oz produced between 2011 and 2013. Following its Summer Work Programme at Nalunaq, AEX has changed its strategy and is now focused on using a four-phase bulk sampling programme to achieve a better understanding of the grade distribution of gold mineralisation at Nalunaq. This programme is expected to commence in Q2/Q319.

20/02/2019 5 EN

Underlying

AEX Gold

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Ryan Long

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AEX Gold - Change in strategy driven by high nugget effect

AEX Gold - High-grade gold in Greenland

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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