Graphite values will only increase5 Jun 2025 05:45
The Amitsoq Graphite Project is located in the Nanortalik region of southern Greenland and is one of the highest-grade graphite deposits in the world
It has a total inferred, indicated and measured JORC Resource of 23.05 million tonnes (Mt) at an average grade of 20.41% Graphitic Carbon (C(g)), giving a total graphite content of 4.71 Mt. The Resource contains a lower graphite layer that has a JORC resource of 16.88 Mt at a grade of 21.51% with 3.634 Mt of contained graphite. For context, deposits with compliant resources above 20% C(g) are scarce, with the average global grade of graphite resources being just 8.45%.
GreenRoc is focused on fast-tracking the development of Amitsoq to create a new, responsibly mined source of high-quality graphite that can support the rapidly growing EV battery market. Graphite is projected to be in severe deficit before the end of this decade. Benchmark Mineral Intelligence notes that some 300 new mines are needed to support the energy transition, a percentage of which will need to be graphite mines.
βWe forecast battery sector demand for raw material graphite to rise by more than 1,400 percent between 2020 and 2050,β it states. βBy the end of the forecast period, total graphite demand could be three times the 2021 supply level.β