GreenRoc Strateg PLC - Notice of Investor Presentation & Shareholder Q&A
Released
Released
Announcement PDF
RNS Number : 8560I
GreenRoc Strategic Materials Plc
21 October 2024
RNS Reach
GreenRoc Strategic Materials Plc / EPIC: GROC / Market: AIM / Sector: Mining
21 October 2024
GreenRoc Strategic Materials Plc
("GreenRoc" or the "Company")
Notice of Investor Presentation and Shareholder Q&A
GreenRoc Strategic Materials plc (AIM: GROC), a company focused on the development of critical mineral projects
in Greenland, is pleased to announce that Stefan Bernstein, Chief Executive Officer, will be recording an Investor
Presentation and Shareholder Q&A session.
The recording will be published on the Company's website and the London South East investor platform
athttps://www.lse.co.uk/media/GROC/on Monday 28 October 2024.
Shareholders are invited to submit questions to Mr Bernstein by emailinggreenroc@stbridespartners.co.ukor via
this link:https://forms.office.com/e/dJQbLjk1Kv. Please ensure all questions are submitted by 4pm UK time on
Thursday 24 October 2024.
**ENDS**
For further information, please contact:
GreenRoc Strategic Materials plc
+44 20 3950 0724
Stefan Bernstein, CEO
Oberon (Broker)
+44 20 3179 5300
Nick Lovering/Adam Pollock
St Brides Partners Ltd (Financial PR & IR)
+44 20 7236 1177
Charlotte Page / Paul Dulieu
About GreenRoc
GreenRoc Strategic Materials Plc is an AIM-quoted company, which is led by a group of highly experienced mining
industry professionals. The Company is focused on fast-tracking the Amitsoq Graphite Project in Greenland into a
producing mine to meet critical demand from Electric Vehicle ('EV') manufacturers in Europe and North America
for new, high grade and conflict-free sources of graphite. Amitsoq is one of the highest-grade graphite deposits in
the world with a combined Measured, Indicated and Inferred JORC Resource of 23.05 million tonnes (Mt) at an
average grade of 20.41% graphite, giving a total graphite content of 4.71 Mt, and significant further upside beyond
this. Test work has proven that Amitsoq graphite can be readily upgraded to high-grade, anode-quality graphite,
with higher than 99.95% purity and relatively little energy input, boding well for future production costs and
sustainability commitments.
A Preliminary Economic Assessment released on 31 October 2023 gives a post-tax NPV8 for the Project of
US$179M, an IRR of 26.7% and capex estimated at US$131M (including a 25% contingency). These figures solely
relate to the economics of a mining and primary processing operation in South Greenland and do not take into
account any potential upside from a downstream processing operation, which GreenRoc intends to establish. A
Feasibility Study into the establishment of a graphite spheronisation processing plant (published in May and July
2024) shows a post-tax NPV8 for the project of US$621M, an IRR of 26.5% and capex estimated at US$340M
(including a 25% contingency). The Company has signed a Letter of Intent to secure an area for the Company's
future Active Anode Materials Plant in Southern Norway and has received expressions of support from the
European Raw Materials Alliance and the US EXIM Bank for future development.
GreenRoc also has the Thule Black Sands Ilmenite Project ('TBS') in Greenland, which has an initial Mineral
Resource of 19Mt at 43.6% Total Heavy Minerals with an in-situ ilmenite grade of 8.9%.
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