Amaroq Minerals Ltd. has achieved a significant milestone as the Government of Greenland has approved the Environmental Impact Assessment (EIA) and Social Impact Assessment (SIA) for its Nalunaq project. The company's CEO, Eldur Olafsson, expressed the importance of this achievement, emphasizing the rigorous process and dedication of the team over the past four years. The approval signifies that the company's operations align with government guidelines and are supported by local communities. Amaroq is now focused on finalizing the Impact Benefit Agreement (IBA) with the government and Kommune Kujalleq by the end of the year.
The EIA aimed to identify, predict, and communicate potential environmental impacts of the Nalunaq project, while the SIA assessed its impact on existing social conditions. Positive social impacts identified include job creation, training opportunities, and the generation of public revenue through taxes and royalties. Amaroq Minerals is committed to applying best practices in all areas of its work as it progresses towards bringing Nalunaq into production.
Amaroq Minerals' principal business objectives include the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The company's portfolio covers the two known gold belts in the region, as well as advanced exploration projects for strategic metals such as copper, nickel, rare earths, and other minerals. The Nalunaq Gold mine, the company's principal asset, is set to go into production towards the end of 2024.