RE: RNS10 Aug 2022 08:05
CEO Stefan Bernstein said: "In my first interim results as CEO, I am pleased to be able to report on the strong progress made during the period. GreenRoc was admitted to AIM just less than a year ago with the objective of becoming a key supplier of critical, high-demand, high-value minerals and I believe the Company has made great strides towards this goal. Amitsoq has not only been established as one of the highest-grade graphite deposits globally, but also a project with extensive resource potential, as indicated by the recently enlarged Exploration Targets. Based on the encouraging results to date, drilling is now underway to further upgrade and increase the current Maiden JORC Resource and we look forward to keeping the market updated with the results of this as they become available.
"We are also looking forward to receiving, and sharing with the market, the long-awaited results from the 2021 drilling campaign at TBS, which are expected in the coming weeks. We are hopeful that these will lead to an upgraded mineral resource and provide the foundation for feasibility studies. In support of this, we have finalised a summer/autumn field work programme due to commence this quarter, with the objective of fast-tracking TBS to mine development status, a milestone we are also focussed on achieving at Amitsoq.
"The remainder of the year is accordingly expected to be extremely active, particularly as alongside the 2022 field season, additional work programmes are being undertaken to support exploitation permit applications."