GreenRoc Mining plc has expanded its mineral exploration licence, containing the Amitsoq graphite deposit, from 48km2 to 72.52km2 in just three months from application.
PROSPECTIVE
The additional area secures access to coastal land opposite the Amitsoq deposit, allowing the use of flat ground for infrastructure including buildings, storage, depot sites and port facilities.
The company said that a large portion of the rocks underlying the new area were prospective for graphite, being similar to those hosting the Amitsoq and Kalaaq deposits and adjacent graphite mineralisations.
Chief executive Stefan Bernstein added: “We are pleased to have been successful in enlarging this mineral exploration licence as it secures access to an area that will become important when we develop infrastructure around the mining operation at Amitsoq.
“We received the minister’s approval just two weeks after signing the licence documents and the whole licensing process took just three months.
“This really illustrates how supportive the Government of Greenland is towards the sustainable and responsible development of its natural resource economy and that Greenland is a well-run, well-regulated, mining friendly jurisdiction.”