RNS29 May 2025 07:04
GreenRoc's CEO, Stefan Bernstein, commented:
"With the initiation of the public hearing of the Amitsoq graphite project terms of reference, we are approaching a major milestone of an Exploitation Licence for Amitsoq. The process had been delayed by the Greenlandic general election earlier this year, but the delay has been minimised as the new parliament and Government have prioritised considering applications from the minerals industry. We are awaiting the conclusion of the hearing with excitement.
"Also, I am glad to report this revised Mineral Resource estimate for our TBS ilmenite project in North Greenland. Having Measured and Indicated Resources accounting for nearly 90% of the total resource for the South Area reflects what was a comprehensive drilling programme. This also means that we have sufficient samples from that drilling programme to conduct further refinement of the Project and do not need any further drilling to potentially increase the resource (recoverable ilmenite) or conduct metallurgical studies.
"Although our focus is now fully aimed at Amitsoq and our world-class graphite project there, this revised Mineral Resource estimate will allow us to explore ways that TBS can add value to the Company, not least as titanium (largely derived from ilmenite) is on the EU's list of Critical Raw Materials and is also listed as one of the High Risk raw materials for the defence industries recently published by NATO".