EUROPE
COMPANY FACTS
• Greenland is fast becoming the next significant area of exploration for mining businesses .
• Obtaining an Exploitation Licence , AEX Gold is at the advanced exploration stage of its Nalunaq property
• AEX Gold has undertaken three years of exploration at Nalunaq , developing an updated geological model and an extension of the main vein strike length up to 1km .
• Focusing on mining projects in Greenland since 2012 , Olafsson has looked at the company ’ s environmental impact and all associated legalities with partner SRK of exploration which
• The use of hydropower and wind power supports AEX ’ s aim would complement AEX Gold ’ s operations , not of having a continuous only in its existing mine operations , but with pipeline of projects the implementation of an electric mining fleet being brought into production .
“ We have a total of 690sqkm of licences in south Greenland and we ’ re the only active listed our exploration in the larger licences in
years at Nalunaq in order to support
gold company in Greenland . Previous the next 5-10 years ,” he says . operators undertook very little forwardlooking exploration once the mine was Greenland , so logistically it ’ s good for
“ Iceland is a short distance from in production . It ’ s a very under-explored region so we intend to recom- be really self-sufficient , and the same can
us . Additionally , in Iceland you need to
mence production within the next two be said for those in Greenland . We
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