RE: Price2 Apr 2025 07:21
The Amitsoq graphite asset in Greenland, developed by GreenRoc, has a current resource of 23.05 million tonnes (Mt) at 20.41% graphite, containing 4.71 Mt of graphite. Its monetary value as of April 2, 2025, can be estimated as follows:
- **Current Value**: Based on the 2023 Preliminary Economic Assessment (PEA), the pre-tax NPV is US$235 million, and after-tax NPV is US$179 million, suggesting a value of **US$200–300 million** with a premium for its high grade and potential.
- **Potential Value**: If expanded to 40–50 Mt (8–10 Mt graphite) through further exploration, the NPV could reach **US$500 million–US$1 billion** as a producing mine, with a long-term gross value of **US$10–20 billion** at US$2,500 per tonne for battery-grade graphite.
- **Key Factors**: High-grade ore (20.41% vs. global 8.45%), strategic location, and demand for EV battery materials drive its value, though it depends on graphite prices, development success, and market conditions.
In summary, Amitsoq is currently worth **US$200–300 million**, with a ceiling of **US$10–20 billion** if fully developed, making it a significant graphite asset.