Aappaluttoq is Greenland’s first gem corundum mine; it was discovered and geologically defined by Company geologists between 2005-2012. The mine site lies on tide water approximately 250km south of Greenlands’ capital, Nuuk. Construction of the mine was initiated in 2014, with full production expected in 2015. True North does not operate the Appaluttoq mine; instead LNS-Greenland are earning a 27% ownership of the project. They are a highly experienced Norway based mining company and will be responsible for the production of rough gemstones at the mine facility. True North staff then upgrade these concentrates into clean and fully graded gemstone sales parcels using our extensive gemmological experience.
The ore at Aappaluttoq is very high grade, averaging 350g/tonne, with 283 million carats held as indicated and 109 million as inferred. The resource modelling and current mine-plan extends to a depth of 65m; significant exploration upside exists both below the current pit and along strike. The current mine plan is expected to produce high quality ruby and pink sapphire until at least 2024.