RE: RNS1 Jun 2022 08:07
GreenRoc's Non-Executive Chairman, George Frangeskides, commented:
"I am delighted to welcome Stefan to the GreenRoc Board as our CEO. With a comprehensive understanding of the country's geological landscape, proven by his many discovery successes, and his formidable knowledge of Greenland's mining sector, he is ideally equipped to drive our company forward to the attainment of our goal of achieving production from our flagship assets, Amitsoq and TBS.
"Having attended the EIT Raw Materials Summit in Berlin this past week, it is clearer than ever that Europe is taking very seriously the need to secure the long-term supply to European industry of critical minerals such as graphite and ilmenite, and to do so from suppliers in or close to Europe that are subject to the highest standards of transparency, regulation and environmental and social governance. Greenland very much fits the bill in all those aspects and, with Stefan at the helm, I look forward to deepening our connections with these key international bodies as we move into the search for suitable offtake partners for our assets."
Stefan Bernstein, GreenRoc's new CEO, commented:
"With a highly strategic portfolio of world-class assets in what I know to be one of the most resource-rich and mining-friendly countries in the world, GreenRoc's value is clear. I am excited to join the team as we focus on propelling our project portfolio towards development and further unlocking the inherent value of our key assets, Amitsoq and TBS.
"At Amitsoq, activity will centre on the upcoming Phase 2 drilling campaign at the Amitsoq Island deposit which will build on the maiden resource of 8.28 million tonnes (Mt) at 19.75% Cg. We have great confidence in the potential for achieving a significant upgrade in that resource given our recently expanded Exploration Target of 5-15 Mt at a grade range of 18-22% Cg. Meanwhile, the Environmental and Social Impact Assessment ('ESIA') work programmes have commenced at TBS, the fulfilment of which is a fundamental part of the mining licence application process.
"I join the Company at a very exciting point in its development and am keen to get to work on making GreenRoc one of the next producers of critical minerals."