REG - GreenRoc Mining PLC - Board Changes

GreenRoc Strategic MaterialsAnnouncement

11/10/2023 07:15

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RNS Number : 7047P  GreenRoc Mining PLC  11 October 2023

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

 

11 October 2023

GreenRoc Mining Plc

("GreenRoc" or the "Company")

 

Board Changes

 

GreenRoc Mining Plc (AIM: GROC), a company focused on the development of
critical mineral projects in Greenland, announces the appointment of Andrew
Panteli as Non-Executive Director of the Company. Mr Panteli will serve as an
independent director.

 

Mr Panteli has over 25 years' experience within the alternative investments
industry and has been involved with a variety of related roles including
investment management, research, risk, operations, structuring, allocating
capital, due diligence, business development and management.

 

The Company also announces that Jim Wynn is stepping down as Finance Director
to focus on his other existing management positions.

 

Management Changes

In addition to the aforementioned changes, the Board of GreenRoc has appointed
Ben Proffitt of Silvertree Partners LLP to its senior management team to
oversee the finance function following Mr Wynn's departure.

 

Chairman George Frangeskides said:

"I am delighted that Andrew has agreed to join the Board of GreenRoc as a
Non-Executive Director.  He brings with him a wealth of experience in the
financial and investment markets. His business acumen will be a great help to
us as we progress the Amitsoq project through to development.

 

"The Board and I would like to thank Jim Wynn for his important contribution
since GreenRoc's admission to AIM in 2021 and to wish him every success in his
future endeavours."

 

 

Regulatory Disclosures:

The following information is disclosed pursuant to Rule 17 and Schedule Two
paragraph (g) of the AIM Rules for Companies in relation to Mr. Panteli, aged
58:

 

  Current directorships and/or partnerships:   Former directorships and/or partnerships (within the last five years):

 Catalyst Advisers Ltd

 

Mr. Panteli does not hold any shares in GreenRoc.

There is no further information to be disclosed pursuant to paragraph (g) of
Schedule 2 of the AIM rules.

 

**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

 Stefan Bernstein, CEO

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

 James Caithie / Sandy Jamieson/Louise O'Driscoll

 SP Angel (Broker)                                     +44 20 3740 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 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 all of which have defined
Resources: 

 

·    Amitsoq Graphite Project, 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; 

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

·    Melville Bay Iron Project, 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. 

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