RCS - GreenRoc Mining PLC - Investor Presentation via Investor Meet Company

GreenRoc Strategic MaterialsAnnouncement

25/10/2023 07:15

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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
(https://www.investormeetcompany.com/greenroc-mining-plc/register-investor) .
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, high-demand and high-value minerals. 

 

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.

 

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