Progress to achieve current targeted capacity21 Apr 2025 15:21
There’s been some delay in Phase 1 and 2 commissioning after 28th November, but it does not mean Amaroq has ‘missed out’ entirely on elevated gold prices. We shall learn more on 14th. May.
28th November.
“The first gold pour at Nalunaq took place on November 27, 2024, producing 1.2 kilograms (39 troy ounces) of gold after a 10-hour processing period.The Company will continue to optimise the processing plant during Phase 1 Commissioning and aims to conduct a gold pour on a weekly basis.
Next steps
Phase 2 Commissioning, incorporating the flotation circuit, is due to complete in Q2 2025.Ramp-up to a steady state nameplate plant capacity of 260-300 tonnes per day of material between 12-16 g/t Au is expected to take place in Q4 2025.”
28th. March.
“Outlook. As a result of standard commissioning issues while working in Southern Greenland over the winter months, which resulted in some delays, and impacted commissioning activities in December 2024 to March 2025, the Company will provide processing throughput and production estimates for the full year at the time of the Q1 results on 14th May 2025, as we concentrate on stabilising operations in order to achieve the ramp-up to 300 t/d in Q4 2025.”