AB Dynamics plc business ABD Solutions has signed a Memorandum of Understanding (MoU) with AIM and TSX listed Amaroq Minerals Ltd.
The MOU covers the investigation of the potential for the introduction of vehicle autonomy systems for various mining vehicles at its Nalunaq site in Greenland. The long-term goal of the MoU is to provide a framework for ABD Solutions to deliver the support, software and hardware solutions needed for the company to operate a diverse range of automation equipment and retrofittable mining vehicles on the Nalunaq site in Greenland. These vehicles would be operated automatically and supervised from a central control room - improving safety and streamlining the mining process, both operationally and financially.
Matthew Price, ABD Solutions Managing Director said:
“We are looking forward to working with Amaroq Minerals with the aim of bringing automation to a range of mining vehicles and equipment. Our vehicle-agnostic, retrofittable autonomy systems provide safety and efficiency improvements rapidly and cost-effectively and we strive to bring autonomy to any fleet, even in the harshest environments.”
“We are delighted to announce our planned partnership with ABD Solutions, a well-regarded automation company with substantial experience working with organisations to accelerate the transition to autonomy,” said Eldur Olafsson, CEO of Amaroq Minerals. “We are focussed on ensuring that we seek out and deploy innovative technology across Nalunaq and going forward the rest of the assets within our extensive licence area, as we believe that this will allow us to introduce new skill sets to the workforce in Greenland and to operate safely, efficiently and sustainably. The team look forward to working closely with ABD Solutions and utilise their considerable knowledge throughout the Nalunaq development process.”
ABD Solutions offers a modular technology ecosystem to build the various elements required for vehicle automation; including vehicle management, vehicle control actuation, communication, sense and detect, health and diagnostics and third-party integration. This provides a flexible autonomy solution that can be tailored to a specific vehicle, environment, or operational scenario and then fully integrated into any existing operational and fleet management system.
Vehicle automation can bring significant improvements to safety by removing people from high-risk areas as well as providing increased operational efficiency, resulting in a reduction in fuel consumption and vehicle emissions. A retrofittable solution also maximises the investment of existing high-value assets by significantly extending their usable life.
Amaroq Minerals’ principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in Greenland. The Company’s most advanced 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 and strategic metal assets covering 7,615.85km2, the largest mineral portfolio in Southern Greenland covering the two known gold belts in the region.