- Application for the enlargement of its exclusive mineral exploration license 2022-03 has been approved
- The enlargement incorporates the remaining ground within the Nanortalik Graphite District
- This enlarges the size of the license area from 68 sp.km to 114 sq.km
Market Intelligence
- Amitsoq is located in Southern Greenland, a year-round ice-free waters area
- Amitsoq has inferred, indicated and measured JORC graphite resource of 4.71 Mt
- PEA estimates a Post Tax NPV8 of US$179m, an IRR of 26.7% and capex of US$131m
"We welcome the approval of our application to bring the highly prospective ground east of the town of Nanortalik under our exclusive licence area. GreenRoc now has all of the Nanortalik Graphite District under licence - a district with extensive high-grade natural flake graphite mineralisation which is easily accessible via deep, ice-free tidal waters."
Stefan Bernstein, CEO, Greenroc Mining
Greenroc Mining (GROC)