In March 2026 secured the Greenlandic mining and logistics company Xploration Services itself a 64 km² exploration license covering the Qeqertaasaq project near Maniitsoq in Qeqqata Kommunia. The project focuses on exploration of niobium and rare earth metals.
Gradual takeover
In March 2026 secured the Greenlandic mining and logistics company Xploration Services itself a 64 km² exploration license covering the Qeqertaasaq project near Maniitsoq in Qeqqata Kommunia. The project focuses on exploration of niobium and rare earth metals.
Gradual takeover
Most recently, Xploration Services has entered into an agreement with the Australian mining company AuKing Mining to develop the license.
With a so-called Earn-in agreement, 10 million euros (approx. DKK 75 million) for the project towards the feasibility study stage. Xploration Services is the operator in the first phases of the project. When these phases are completed, AuKing Mining will obtain an ownership stake of 75 percent of the project, while Xploration Services will hold the remaining 25 percent, Xploration Services’ stated in a press release.
“Xploration Services has, in another context, been heavily involved in the development of the Qeqertaasaq project, and we are very happy to be able to bring a new risk-averse investor to Greenland, who, in cooperation with Xploration Services, can develop the country’s potential within mineral resources. The discussions with AuKing have been constructive, and we look forward to a successful partnership,” says Martin Sandy Shalmi, CEO of Xploration Services.
Involved in projects in Australia and Africa
AuKing Miningwhich is headquartered in Brisbane, is involved in several other raw materials projects, including a copper and zinc project in Koongie Park in the western part of Australia and a tin project in Tasmania. In addition, the company is involved in two projects in Africa in Tanzania and Malawi respectively.
“We are very pleased to have secured earn-in rights for the exploration of rare earths and niobium in the Qeqertaasaq project. The recently signed agreement between Greenland, the USA and Denmark makes it likely that there will be an increased “western” interest in the development of Greenland’s critical minerals and metals, and we look forward to being a part of that. We look forward to working with Xploration Services on the project development. Xploration Services’ impressive track record and professionalism gives us great confidence that the project will be a success, says director of AuKing Mining Paul Williams in a press release.
