REG - GreenRoc Mining PLC - Appointment of Contractors for EIA and SIA at TBS

GreenRoc Strategic MaterialsAnnouncement

04/04/2022 07:00

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RNS Number : 0562H  GreenRoc Mining PLC  04 April 2022

GreenRoc Mining Plc / EPIC: GROC / Market: AIM / Sector: Mining

4 April 2022

GreenRoc Mining plc

("GreenRoc" or the "Company")

 

Appointment of Contractors for EIA and SIA

at Thule Black Sands Ilmenite Project, Greenland

 

GreenRoc Mining plc (AIM: GROC), a company focused on the development of
critical mineral projects in Greenland, is pleased to announce that it has
appointed two highly experienced independent consulting firms to undertake an
Environmental Impact Assessment ('EIA') and a Social Impact Assessment ('SIA')
at its Thule Black Sands Ilmenite Project in north-west Greenland ('TBS' or
the 'Project').

 

BioApp Greenland, a Danish/Greenlandic-based contractor and environmental
expert with extensive operational experience in Greenland, will be responsible
for completing an EIA in compliance with the requirements of the Greenlandic
authorities. An EIA is an environmental decision support tool to the
authorities who issue licences for mining development projects. The EIA
provides information on the possible impacts of mining development projects on
the environment and proposes actions to mitigate impacts as far as
practicable.

 

NIRAS A/S ('NIRAS'), a Danish/Greenlandic multi-disciplinary engineering
consultancy, has been appointed to undertake the SIA. With extensive expertise
and operational experience in Greenland, NIRAS is familiar with the
requirements of Greenlandic laws, frameworks and guidelines for the SIA. The
objective of the SIA is to ensure that a mining development maximises its
benefits and minimises its potential negative impacts on society and local
communities.

 

A JORC resource capable of supporting a mining operation, along with the
formal approval of an EIA and an SIA, are the necessary precursors to an
application for a Mining Licence in Greenland.  TBS currently benefits from a
maiden Mineral Resource of 19Mt with an in-situ ilmenite grade of 8.9% and
awaits the assessment by mineral sands experts IHC Mining of the 249-hole
follow-up drilling programme undertaken in the summer of 2021.  These three
undertakings will be the key building blocks in fast tracking TBS in the mine
development process.

 

GreenRoc's CEO, Kirk Adams, commented:

 

"The appointment of Denmark's BioApp and NIRAS groups marks a key development
in the permitting application for our Thule Black Sands Ilmenite Project.
With extensive knowledge and experience of Greenland's environmental and
social landscapes and operating requirements, BioApp and NIRAS are ideally
placed to manage the EIA and SIA work, which will in turn form a key part of
our Mining Licence application for TBS.

 

"These appointments are evidence of our confidence in the significant
potential of TBS and of our clear aim to fast track the Project's development
as swiftly as possible. Having already defined a sizeable resource of 19Mt @
43.6% THM, we are on track to expand this further and to build resource
confidence through the results of our 2021 drill programme, which are due in
the coming weeks.

 

"We are confident that these results will firmly establish TBS as a major new
ilmenite source, at a time when global demand continues to outstrip supply."

 

For further information, please contact:

 

 GreenRoc Mining Plc                                                             +44 20 3950 0724

 Kirk Adams, CEO

 Cairn Financial Advisers LLP (Nomad)                                            +44 20 7213 0880

 James Caithie / Sandy Jamieson

 ETX Capital (Broker)                                                            +44 20 7392 1494

 Tom Curran / Thomas Smith

 St Brides Partners Ltd (Financial PR & IR) Susie Geliher / Charlotte Page/      +44 20 7236 1177
 Oonagh Reidy

 

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.

 

Led by a group of highly experienced mining industry professionals, GreenRoc
has a portfolio of 100% owned projects:

·    Amitsoq Graphite, one of the highest-grade graphite deposits in the
world with a combined Indicated and Inferred JORC Resource of 8.28 million
tonnes (Mt) at an average grade of 19.75% giving a total graphite content of
1.63 Mt

·    Thule Black Sands Ilmenite ('TBS'), which has an initial Mineral
Resource of 19Mt@ 43.6% Total Heavy Minerals with an in-situ ilmenite grade of
8.9%

·    Melville Bay Iron, which has a Mineral Resource Estimate of 67Mt at
31.4% iron and has been proven to be processable to a high-grade, 70%
concentrate with low impurities

·    Inglefield Multi-Element, which is located in the same region in
north-west Greenland as the Thule Black Sands and Melville Bay Iron projects
and has the potential to host a range of mineralisation styles, from
copper-zinc volcanogenic massive sulphide, porphyry copper and iron
oxide-copper-gold deposits.

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