REG - GreenRoc Mining PLC - Board Change

GreenRoc Strategic MaterialsAnnouncement

09/05/2022 07:00

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RNS Number : 7022K  GreenRoc Mining PLC  09 May 2022

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

9 May 2022

GreenRoc Mining Plc

("GreenRoc" or the "Company")

 

Board Change

 

GreenRoc Mining Plc (AIM: GROC), a company focused on the development of
critical mineral projects in Greenland, announces that Kirk Adams, CEO, has
tendered his resignation from the Board. Mr Adams is stepping down for
personal reasons. The Board of GreenRoc has accepted his resignation, with 6
May 2022 being his last day with the Company. Lars Brünner, Non-Executive
Director, has taken over the role of CEO while the Company seeks to appoint a
long-term successor to the post.

 

Chairman George Frangeskides said:

"I would like to thank Kirk for his stewardship of the Company since the IPO
and to wish him every success in his future endeavours.

 

"The Company is in excellent hands with Lars Brünner stepping up as interim
CEO while we complete the process for appointing a permanent CEO.  Lars has a
tremendous knowledge of and affinity to Greenland, allied to strong
connections with key Greenlandic stakeholders.  He has also been heavily
involved in the preparations for this summer's field programmes, including the
planned EIA and SIA work activities.

 

"We will be announcing further details in respect of our forthcoming field
work programmes in the coming days."

 

**ENDS**

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company are responsible for
the release of this announcement.

 

For further information, please contact:

 

 GreenRoc Mining Plc                             +44 20 3950 0724

 Lars Brünner, Interim 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)      +44 20 7236 1177

 Susie Geliher / Charlotte Page/ Oonagh Reidy

 

About GreenRoc

GreenRoc Mining Plc is an AIM-quoted company, which is developing mining
projects in Greenland in high-demand and high-value critical 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 has the potential to host a range of
mineralisation styles, including iron oxide-copper-gold.

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