GreenRoc Mining PLC - Investor Presentation via Investor Meet Company
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Released
Announcement PDF
RNS Number : 1683R
GreenRoc Mining PLC
25 October 2023
RNS Reach
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 2 nd 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
+44 20 3950 0724
Stefan Bernstein, CEO
Cairn Financial Advisers LLP (Nomad)
+44 20 7213 0880
James Caithie / Sandy Jamieson / Louise O'Driscoll
SP Angel (Broker)
+44 20 3470 0500
Ewan Leggat / Charlie Bouverat
St Brides Partners Ltd (Financial PR & IR)
+44 20 7236 1177
Paul Dulieu / Isabel De Salis / Isabelle Morris
greenroc@stbridespartners.co.uk
About GreenRoc
GreenRoc Mining plc is an AIM-quoted company which is developing mining projects in Greenland in critical, highdemand and high-value minerals.
About Amitsoq
Amitsoq is located in the Nanortalik region of southern Greenland and has been confirmed as one of the highestgrade 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.
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