London South East spoke to newly listed GreenRoc Mining CEO Kirk Adams who put both the company and the scale of GreenRoc’s 4 high quality Greenland assets in context for us. The focus today is on graphite and titanium, both listed as ‘critical minerals’ by the EU and the US.
GreenRoc Mining, ticker GROC listed on LON:AIM last week and raised £5.1M which is available to spend on drilling programmes to expand the resource, pre-feasibility studies environmental studies etc. Kirk explained that all four assets are wholly owned after the spin-out from Alba Mineral Resources last week, with Alba owning 54% of GreenRoc.
Kirk is just back from Greenland where he was looking at the Amitsoq Graphite Project which he sees as a very exciting commercial asset, with some of the highest quality graphite in the world recovered from the sampling programme. “We are anticipating our next drill results from Amitsoq in a couple of months or so, we are planning our next drilling campaign for next Spring and Summer, approximate cost £600,000, and this will we hope lead to a large enough resource to do a Feasibility Study.”
“Amitsoq and Black Thule Sands are flagship projects and we are going to push these towards becoming producing mines as quickly as feasibly possible” said Kirk. “For example, we are looking to see how we can fast track the Amitsoq Graphite Project from where it is today, an exploration target of between 1.7 and 4 million tonnes, to an area where we can build a plant and start producing from that.”
“You may have heard Elon Musk say that the Lithium-Ion battery is misnamed because there’s actually ten times more graphite in a lithium-Ion car battery than there is Lithium” he said, “And it should actually be called a Nickel-Graphite battery. When you look at the demand for electric vehicles which is projected this is 25 times more than the world’s current production capacity.”