GreenRoc to accelerate and expand Amitsoq

GreenRoc Mining plc aims to increase its graphite footprint and establish mining operations in southern Greenland following changes in the laws.

APPLICATIONS

Application for and grant of an exploitation licence can now be made before final approval of a project’s environmental and social impact assessments and an impact benefit agreement.

The changes, introduced on 1 January, are expected to reducing time for regulatory consents.

The company expects to apply for an exploitation licence during the first half of 2024 with a possible grant before the end of the year.

GreenRoc expects that the early award of an exploitation licence would help its efforts to secure financing to develop Amitsoq.

The company has also applied to extend its exploration licence package in south Greenland to encompass the last area of “significant graphite mineralisation” near Amitsoq.

Covering approximately 50km² and situated east of Nanortalik, the licence area became available after being surrendered by a previous holder in January 2024.

Subject to approval GreenRoc will hold exclusive exploration rights to all prospective ground in the Nanortalik graphite district, hosting the Amitsoq mine, the Kalaaq deposit and several other high-grade graphite prospects.

The company has also relinquished its Melville Bay iron ore project to focus on developing Amitsoq.

Chief executive Stefan Bernstein added that the regulatory changes illustrated Greenland’s commitment to simplifying its mineral administration to establish a “solid mineral extractive industry.”