AEX Gold looking to build full-cycle gold company in South Greenland

0
27
  • AEX Gold strengthens board and maintains strong balance sheet
  • AEX Gold could have upwards of two million ounces of gold under its belt in Greenland, as it pushes towards first production next year
  • AEX Gold present strategic update to shareholders and full year financial results
Greenland

Quick facts: AEX Gold Inc

Follow

View company profile

AEX Gold Inc is focused on the identification, acquisition, exploration and development of gold properties in Greenland.

The Corporation’s principal asset is a 100% interest in the Nalunaq Project, an advanced exploration stage property with an exploitation license including the previously operating Nalunaq gold mine.

The Corporation has a portfolio of gold assets covering 3,870km2, the largest portfolio of gold assets in Southern Greenland covering the two known gold belts in the region.

AEX is incorporated under the Canada Business Corporations Act and wholly owns Nalunaq A/S, incorporated under the Greenland Public Companies Act.

27 Aug 2021

(, , ), the Greenland-focused gold explorer, has added two non-executive directors to the board, both of whom have extensive mining careers.

Warwick Morley-Jepson has worked in the industry for 40 years, said AEX, with senior management stints at Ivanhoe Mines and Kinross and is currently chairman of Wedsome Gold Mines and a non-exec at Karora Minerals.

Liane Kelly has worked extensively on sustainability and CSR initiatives for numerous companies with community engagement her speciality. She is currently a director of B2Gold and at AEX replaces George Fowlie who is stepping down from the board.

AEX made the announcement alongside results for the quarter to end June 2021, which showed cash at the end of the period of C$49.6mln and losses for the quarter of C$4.6mln and half-year of C$7.9mln.

Read more

01 Jul 2021

. (LON:AEXG, TSXV: AEX) said it applied for a new exploration licence in the Kobberminebugt region of South Greenland covering an area of approximately 266 km2.

The area hosts numerous copper-gold showings including the small past-producing Josva copper mine, which was last worked in 1914 with reported grades up to 5% copper, 1.5 grammes a tonne (g/t) gold and 250 g/t silver.

Read more

07 Jun 2021

() () said a team of geologists and drilling engineers have arrived on-site at its Nalunaq property in South Greenland.

The gold explorer said the team is beginning work to further develop the company’s understanding of the area to the south west of the deposit, which is thought to be a parallel structure.

Read more

13 Aug 2020

There could be as much as two million ounces of gold in the ground at the old Nalunaq mine in Greenland, according to Eldur Olafsson, the man tasked with getting operations there back up and running.

The company he runs, Inc ()() recently added a London listing to its Canadian one, raising GBP42mn along the way to push ahead towards production by the end of next year.

Read more

29 Apr 2021

‘s ()) Eldur Olafsson speaks to Proactive about their strategic update and presents the full year financial results.

Olafsson reminds us of the reasons for the strategic review and what the company has been doing over the last couple of months to reach today’s news including conclusions reached on the Ausenco drawn on the Nalunaq property and what it needs to progress.

He goes through the details of the third party feasibility study as well as some significant drilling work in their statement.

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is…

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash…

FOR OUR FULL DISCLAIMER CLICK HERE

AEX Gold present strategic update to shareholders and full year financial…

AEX Gold’s (LON:AEXG)) Eldur Olafsson speaks to Proactive about their strategic update and presents the full year financial results.

Olafsson reminds us of the reasons for the strategic review and what the company has been doing over the last couple of months to reach today’s news including…

on 29/4/21

5 min read

LEAVE A REPLY

Please enter your comment!
Please enter your name here