Dig Deep Unlocking Greenland's Mineral Wealth: Eldur Olafsson's Vision for Amaroq Minerals
In this episode we have a returning guest who appeared back in Feb 2022 (Episodes 209). Eldur Olafsson, Founder and CEO at Amaroq Minerals who are a Greenland-focussed mining company engaged in the identification, acquisition, exploration and development of gold properties and other strategic minerals assets in Greenland.
Eldur is a geologist by background and has worked in around Greenland and Iceland for well over a decade and started Amaroq Minerals which was formally know as AEX gold back in 2017 so has come a long way since then and he shares his journey, what Amaroq Minerals has been up to since we last spoke and gives us an update on the progress of the Nalunaq project.
KEY TAKEAWAYS
- Amaroq Minerals is focused on the identification, acquisition, exploration, and development of gold properties and strategic minerals assets in Greenland.
- Greenland has significant mineral potential, with outcropping mineral deposits and a geological prospectivity that is highly favourable for mining.
- Amaroq Minerals is currently focused on the development of the Nalinaq gold mine in South Greenland, with a target of increasing the resource from 320,000 ounces to well above a million ounces in the next three years.
- Amaroq Minerals is also actively engaged in strategic minerals exploration, including rare earths, base metals (copper, molybdenum, nickel), and PGA (platinum group elements), with ongoing drilling and geophysical surveys to identify and define new deposits.
BEST MOMENTS
"Greenland has in our mind, one of the best mineral potential you can find… Geological prospectivity is fantastic."
"We have a current resource of 320,000 ounces. Our target is to increase that resource to well above a million ounces in the next three years."
"We are among, if not the largest private investor in Greenland… There's been a lot of investment into things like rigs, camps, all of these things you need to be able to be successful."
"The logistical route into Greenland is via Copenhagen or via Halifax… So that's a pretty good service compared to many other countries around this Arctic region."
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Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.