Amaroq Minerals (TSX-V, LON: AMRQ) announced that Greenland’s government has approved its environmental impact assessment (EIA) and social impact assessment (SIA) for the Nalunaq gold project, clearing two key hurdles for potentially reviving the mine in the island’s south.
The EIA aims to identify and communicate potential environmental impacts of the project throughout its phases, including construction, operations, closure, and post-closure. It also outlines mitigation and monitoring measures to minimize negative environmental effects, which are being integrated into the project’s design and implementation.
The SIA details the Nalunaq gold project’s effects on the local community, emphasizing positive outcomes such as job creation, training and skill development opportunities, increased business for Greenlandic companies, and public revenue generation through royalties and taxes.
“I cannot emphasize enough the importance of achieving this milestone, towards which our team has been working for over four years,” said chief executive Eldur Olafsson in the statement.
The past-producing Nalunaq mine operated from 2004 to 2013, producing over 350,000 ounces of gold. Amaroq acquired the project in 2015 and has since expanded the resource base through drilling and incorporating a new geological model (Dolerite Dyke). The company has also acquired about 60% of the infrastructure required to bring Nalunaq back into production.