Amaroq Minerals Ltd (TSX-V:AMRQ, AIM:AMRQ) told investors it has signed a contract mining agreement with Thyssen Schachtbau GmbH and a procurement and supply chain support agreement with Tamarack Mining Services as it progresses its Nalunaq gold project in southern Greenland.
In a statement, Eldur Olafsson, Amaroq’s CEO, commented: “Securing these contracts with experienced and reliable partners is a critical step forward in the restart of the Nalunaq mine. A key factor in our selection criteria for both parties was their expertise in working with projects in remote locations, as well as their focus on safety and efficiency.
Amaroq noted that Germany-based specialized mining contractor Thyssen Schachtbau has over 150 years of experience working in remote locations with challenging logistics and Arctic conditions.
The initial two-year contract mining agreement with the company covers the rehabilitation of the existing portals, ramps, ventilation, and electricity supply of the targeted mining area, followed by the initial development and stoping of the high-grade Mountain Block at Nalunaq.
Tamarack is a Canadian group purchasing organization (GPO) exclusively serving the global mining industry, with long experience in international mining procurement and supply chain services.
Following the delivery of the first containers to the Nalunaq site in mid-September, Amaroq said mobilisation activities are well underway and the procurement of all key long lead items has been completed.
“With these agreements now in place, we are ready to move to the next phase of the project’s development, with rehabilitation activities due to start this month,” Olafsson added.
Thyssen Schachtbau CEO Markus Beermann commented that the contract with Amaroq is a “great opportunity for expanding and diversifying our portfolio in the region with tremendous exploration and mining potential.”
“Thyssen Schachtbau will leverage its extensive experience with successfully progressing mining projects in Arctic locations similar to Nalunaq,” Beermann said.
Due to Nalunaq’s remote location, Tamarack co-founder Ben-Schoeman Geldenhuys noted that ensuring seamless procurement and logistical processes will be key to its success.
“Tamarack Mining Services provides unrivaled procurement support and negotiation power in this space. Amaroq’s adoption of Tamtek’s Blindspot AI Technology for supply chain, procurement, and maintenance, demonstrates its commitment to innovation in mining,” Geldenhuys added.
“We are excited to work with Amaroq as they continue to demonstrate their strong commitment and leadership in the development of Greenland’s mining sector.”
Contact the author at stephen.gunnion@proactiveinvestors.com