Announcement • Aug 01
Greenland Mines Ltd Announces That Argus, the Support Vessel Currently Deployed for the Skaergaard Project
Greenland Mines Ltd. announced that Argus, the support vessel currently deployed for the Skaergaard Project, has departed Reykjavik, Iceland, bound for southeast Greenland, marking the official start of the Company's 2026 field season. Argus was loaded over recent days at a quay in central Reykjavik, adjacent to the headquarters of IceTug, with the full complement of drill rigs, geophysical survey equipment, machinery, drone survey systems, exploration support infrastructure, fuel, and environmental monitoring equipment required for the season's program. To start the season, the field team totals more than 40 topic experts, drillers and logistics personnel, with additional specialists scheduled to rotate into the program as the season progresses. The 2026 field season is supported by a comprehensive, multilayered logistics network built for the scale and pace of this year's program:
Argus, the Company's purpose-equipped support vessel for this stage of the season, boasts large accommodation capacity and a helideck, and is transporting the full complement of drill rigs, geophysical equipment, bulk-sampling machinery, drone survey equipment, exploration infrastructure, fuel and environmental monitoring equipment from Reykjavik to Skaergaard, where it will remain anchored as the season's primary offshore logistics and accommodation hub. A dedicated advance survey vessel, MS Byr, has already arrived at Skaergaard and has begun acquiring seabed and coastal mapping data across the fjord approaches. While Argus has visited the Skaergaard fjords on prior expeditions, this is the first season supported by this level of advance survey data, which is being used to identify a safe, optimal anchoring location near the area of primary drilling and operational focus for the early part of the season. This mapping data will also be central to planning future mine infrastructure. Besides geophysical equipment for advanced down-hole measurements and televiewing capabilities, the season's survey program includes ground-penetrating radar, aerial drone magnetic, LiDAR and photogrammetric surveys, and additional aerial photogrammetric survey work. A dedicated air support network, provided by GreenlandCopter A/S, an experienced operator based in Tasiilaq -- the nearest large town, approximately 400 km south of Skaergaard -- together with scheduled fixed-wing connections via the airstrip at Sodalen, adjacent to the Skaergaard licence area, will provide reliable personnel transport and logistics support throughout the season. Additional topic experts will rotate into the program over the course of the summer, supported by this vessel-based and airstrip-based logistics network. This fully resourced, multi-layered logistics structure reflects the scale and ambition of the 2026 program and is designed to maximize safe, efficient working days in the field. The 2026 field season is the most comprehensive program undertaken at Skaergaard to date, and has been structured to deliver on multiple fronts simultaneously: Resource drilling and geophysics: targeted drilling and geophysical surveys designed to support upgrading of the Skaergaard Mineral Resource, building on the updated 2026 Mineral Resource Estimate reported under the Company's recently completed S-K 1300 Technical Report Summary. Bulk sampling: collection of bulk samples to support metallurgical test work and pilot plant-scale process development. Environmental baseline studies: an expanded environmental monitoring and surveying program, one of the first work streams to be initiated upon Argus's arrival at Skaergaard, building on environmental baseline work already underway with WSP Denmark. Geotechnical and engineering studies: data collection to support mine engineering and infrastructure planning as the Company advances toward an Initial Assessment for Skaergaard. Drone and topographic surveying: aerial survey work to refine surface and structural models across the deposit, including the northern plateau area and the western front of the Forbindelses Glacier. Taken together, the season's work program extends well beyond resource definition. It is designed to generate the operational, environmental and engineering data needed to advance Skaergaard toward its next phase of development, including evaluation of a potential initial open-pit mining scenario for near-surface mineralization, alongside the underground mining concepts already captured in the Company's Mineral Resource Estimate.
