RE: RNS - Amitsoq project update13 Jun 2022 08:07
GreenRoc's Interim CEO, Lars Brünner, commented:
"The Amitsoq Project, comprising the Amitsoq Island and Kalaaq deposits, is one of the highest-grade graphite deposits globally. Our focus is to continue building resource tonnage to a level that will support a detailed feasibility study, as part of our strategy to fast-forward this Project into commercial production. This Kalaaq Exploration Target, coupled with the current maiden resource at Amitsoq Island of 8.28Mt at an average grade of 19.75% Cg, underpins the significant resource and, in turn, the enormous value potential of Amitsoq. Additionally, we have designed a clear development strategy to ensure GreenRoc delivers on this.
"Recent corporate investment activity in Greenland's strategic minerals space tells us that the time is now to advance exploration at our flagship projects. We intend to drill Kalaaq in 2023 in order to convert a substantial portion of the Exploration Target there to a compliant resource. Meanwhile, preparations for Phase 2 drilling at the Amitsoq Island deposit are well underway, and we expect to commence drilling this month as we target a higher-tonnage, higher-category resource which will support the development of a mine plan and feasibility studies. We look forward to sharing further updates on our activities at Amitsoq in the weeks and months ahead."