Overview
The Black Angel mine sits within a famous Greenlandic deposit, renowned for its very high grade zinc, lead, and silver. The deposit was first discovered in the 1930s and then developed by Cominco (under Greenex A/S). Between 1973 and 1990 it was operated by Cominco (now part of Teck) and later Boliden, producing circa 11.2 million tonnes of ore at roughly 12.6% Zn, 4.1% Pb and 29 g/t Ag4, making it Greenland’s most productive base metal mine of that era.
Amaroq acquired Black Angel in 2025. Today, Black Angel holds an estimated Mineral Resource of ~4Mt @ 8.8% Zn and 3.0% Pb Indicated and 0.5Mt @ 4.73% Zn and 2.2% Pb Inferred, indicating significant remaining mineralisation. 2025 re-assays of historical core also revealed noteworthy concentrations of critical by-product metals such as germanium, gallium and cadmium, considerably enhancing the strategic value of the deposit. Amaroq’s development plan for Black Angel draws clear parallels to its approach at the Nalunaq gold mine, another brownfield project successfully being brought back into production. The Company intends to leverage Black Angel’s extensive in-situ infrastructure (including underground workings, a 20+ person camp, aerial tramway and deep-water port) to fast-track redevelopment. First production is targeted for 2028.