Last checked at 25 Oct 2023 07:00
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GreenRoc Mining Plc / EPIC: GROC / Market: AIM / Sector: Mining
25 October 2023
GreenRoc Mining plc
("GreenRoc" or the "Company")
Investor Presentation via Investor Meet Company
GreenRoc Mining plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, will be holding an Investor Presentation and Q&A via the Investor Meet Company platform on Thursday 2nd November 2023 at 12:00pm GMT.
During the live event, Stefan Bernstein, GreenRoc's CEO, will present the results of the Preliminary Economic Assessment for the Company's Amitsoq Graphite Project in Southern Greenland, which will be published next week. Stefan will also be available to answer questions.
This Investor Presentation is open to all existing and potential shareholders. Questions can be submitted up until 9 am on the day before the event via the Investor Meet Company Dashboard, and at any time during it.
Investors can sign up to Investor Meet Company for free via this link. Investors who already follow GreenRoc Mining plc on the Investor Meet Company platform will be automatically invited.
**ENDS**?
For further information, please contact:£
? GreenRoc Mining plc£ ? Stefan Bernstein, CEO£ £ | +44 20 3950 0724? ? |
? Cairn Financial Advisers LLP (Nomad)££• £James Caithie / Sandy Jamieson / Louise O'Driscoll£ £ | +44 20 7213 0880? ? |
? SP Angel (Broker)£ ? Ewan Leggat / Charlie Bouverat£ • | +44 20 3470 0500? |
? St Brides Partners Ltd (Financial PR & IR)? ? Paul Dulieu / Isabel De Salis / Isabelle Morris£ £ | +44 20 7236 1177? greenroc@stbridespartners.co.uk? |
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About GreenRoc£
GreenRoc Mining plc is an AIM-quoted company which is developing mining projects in Greenland in critical, high-demand and high-value minerals.?
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About Amitsoq
Amitsoq is located in the Nanortalik region of southern Greenland and has been confirmed as one of the highest-grade flake graphite projects in the world.
GreenRoc is focused on fast-tracking the development of Amitsoq into a producing mine in the shortest possible timeframe to meet critical demand from Electric Vehicle ('EV') manufacturers in Europe and North America for new, high grade and conflict-free sources of graphite.
Key points about Amitsoq:
· GreenRoc's primary focus at Amitsoq is on developing the Amitsoq Island Deposit, which 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.
· Deposits with compliant resources above 20% contained graphite grade are scarce, with the average global grade of graphite resources being just 8.45% (according to S&P Global).
· Independent micronisation and spheronisation test work has proven that Amitsoq graphite can be easily upgraded to high-grade anode-quality graphite, otherwise known as high purity spherical graphite or cSPG, a key raw material in the manufacturing of EVs.
· In GreenRoc's test work programmes, Amitsoq spheronised graphite has achieved higher than 99.95% purity with relatively little energy input and processing and using the milder alkaline purification method compared to the industry standard hydrofluoric acid, boding well for future production costs and sustainability commitments.
· Significant further upside exists at Amitsoq as the Amitsoq Island Deposit is open in at least two directions with potential for considerable further expansion via the similarly high-grade Kalaaq Mainland Deposit as well as a series of other high-grade targets on GreenRoc's licence package.
· The deposit was in small-scale production about 100 years ago, and there remains considerable underground mine development in place from that time, which will be of considerable benefit to GreenRoc in the mine construction phase.
· Following a detailed evaluation process, the European Raw Materials Alliance has expressed its support of GreenRoc and its Amitsoq graphite project, stating that "GreenRoc's graphite resource is of global importance and, together with the Company's strategy, will enable the European Union to achieve a certain level of independence for the electrical vehicle supply chain. ERMA has approved the Amitsoq Graphite project and will engage to support its development and financing to produce these critical raw materials for the benefit of the European Union goals." (see RNS dated 8 February 2023).
· On 9 October 2023, GreenRoc was awarded a grant of approximately £250,000 by the Automotive Transformation Fund in the UK to part-finance a feasibility study into the establishment of a graphite spheronisation processing plant in the UK to produce active anode material from graphite concentrate delivered from GreenRoc's Amitsoq Graphite Project.