RE: RNS23 Jan 2023 07:32
GreenRoc's CEO, Stefan Bernstein, commented:
"To deliver a resource update of this quantum and grade is a huge achievement for GreenRoc and underpins our confidence that our Amitsoq project meets the fundamental requirements to become a mine. Furthermore, we believe we can accelerate development in order to help meet the critical demand for new, high grade and conflict-free graphite sources and we look forward to providing further updates in relation to interested customers and offtake partners in due course.
"A JORC compliant resource of over 23 million tonnes at more than 20% graphitic carbon is a fantastic result particularly after having completed only two drilling seasons. Of particular importance is that we now have resource categories in both the Indicated and Measured categories, which imply an important increase in certainty about the Amitsoq mineral resource size and grade. Given that the deposit is open in at least two directions, there is potential for even further expansion of the resource presented today.
"It is also a great pleasure for me to announce that from today, SP Angel will act as sole broker for GreenRoc. SP Angel is a market-leading broker in the mineral raw materials industry and has many decades of experience in minerals projects all over the world. SP Angel publishes a daily newsletter typically read by around 3,000 individuals across the exploration and mining industry, investors, market analysts and politicians. We look forward to working together."