GreenRoc Mining plc reported successful and “hugely pleasing” battery testing on graphite from Amitsoq in southern Greenland.
FEASIBILITY STUDY
The tests in Germany were the first for the lower graphite layer orebody from the project.
GreenRoc said that the graphite “performed well” and was “very stable” with “no signs of damage or loss of capacity after several cycles of both short and intensive charging”.
The company has also advanced its processing plant feasibility study by collecting market and technical data and material, which involved a visit to processing plant manufacturers in Zhejiang and Shandong, China.
GreenRoc’s representatives also visited an operating graphite processing plant, including chemical purification lines, to view state-of-the-art processing equipment in operation.
Next stages of the feasibility study include the design of both a pilot and a full-scale processing plant, estimation of production rates, energy requirements and consumables, a full discounted cash flow model for the full-scale processing plant and integrating a risk model.
The feasibility study due by the end of Q2 2024.
Chief executive Stefan Bernstein added: “We now have a much clearer understanding of the steps towards establishing an AAM [anode active material] processing plant in our part of the world and look forward to completing the feasibility study in the next few months.
“This will be a key step towards GreenRoc becoming one of the first producers of active anode material for EV batteries in a Western economy.”