Amaroq Minerals, listed on the AIM and TSX-V, has successfully completed its first gold pour at the Nalunaq gold mine in Greenland. The pour took place on Wednesday, following the approval of Phase 1 commissioning of the Nalunaq processing plant by the Greenland government.
The initial pour yielded 1.2 kg of gold after a ten-hour processing period. This milestone marks a significant step in the mine’s development, with the processing plant now operating at its nameplate capacity. Amaroq plans to continue optimizing the plant during Phase 1 commissioning and aims to conduct weekly gold pours moving forward.
Amaroq’s CEO, Eldur Olafsson, commented, “The first gold pour at Nalunaq mine signifies a major step on our journey, triggering initial cash flow generation. As Nalunaq transitions from being a cost center to a cash generator, our focus shifts to extending resources, increasing mine life, and further exploration to unlock the full mineral potential of our Greenland portfolio.”
The government of Greenland officially approved the Phase 1 commissioning of the Nalunaq processing plant on Tuesday, allowing operations to begin. Phase 2, which includes the integration of a flotation circuit, is expected to be completed by the second quarter of 2025.
Once Phase 2 is complete, Amaroq expects to ramp up operations to steady-state plant capacity of 260 to 300 tons per day (t/d), with a gold grade of 12 to 16 grams per tonne (g/t). The company aims to reach this production level by the fourth quarter of 2025.
Amaroq also plans to release an updated mineral resource estimate for the Nalunaq project in the first quarter of 2025, which will provide further insights into the long-term potential of the operation.
