RE: RNS12 May 2022 08:03
GreenRoc's Interim CEO, Lars Brünner, commented:
"Amitsoq is one of the highest-grade graphite deposits globally, and our graphite has been shown to be amenable to the production of the high purity graphite, which is the requirement for EV batteries. Our focus now is on building our Resource tonnage to a level that will support a detailed feasibility study. The current Maiden Resource of 8.28Mt at an average grade of 19.75% Cg, giving a total graphite content of 1.63 Mt, is a fantastic result but we are confident we can improve this further and in so doing strengthen the commercial value of the Project.
"More than half of the Exploration Target area for Amitsoq Island remains undrilled and the upcoming drill programme will focus on unlocking this Resource potential. We look forward to sharing further details in due course."