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 […]
Tag: GreenRoc Mining plc
GreenRoc increases fundraise to £535,786
GreenRoc Mining plc has increased last week’s fundraise by £75,000 via an additional tranche placing of 3 million new ordinary shares of 0.1 pence each at a price of 2.5 pence per share. GreenRoc agreed to the additional tranche following a request from an existing shareholder who did not meet the book closing deadline for […]
GreenRoc raises £460,790 via placing
GreenRoc Mining plc has raised £460,786 via a placing of 18,431,452 new ordinary shares each of 0.1 pence at a price of 2.5 pence per placing share. DIRECTORS’ DEALINGS Participants included chief executive officer Stefan Bernstein, non-executive chairman George Frangeskides and independent non-executive director Mark Rachovides, who each subscribed for 200,000 shares for £5,000. On […]
GreenRoc PEA shows 22 years for Amitsoq mine
A 22-year mine life, with potential to increase by expanding resource, is forecast for GreenRoc Mining’s graphite project at Amitsoq in southern Greenland. ECONOMICS SLR Consulting Ltd’s NI 43-101 preliminary economic assessment (PEA) includes average annual production of 77,000t of concentrate at a minimum 94% grade. The mine plan assumes mining from only the lower graphite […]
GreenRoc extends Amitsoq licence for coastal access
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 […]
GreenRoc finance director Jim Wynn leaves and Andrew Panteli becomes NED
GreenRoc Mining plc finance director Jim Wynn is leaving the post to focus on his other existing management positions. The company has appointed Ben Proffitt of Silvertree Partners LLP to its senior management team to oversee finance following Mr Wynn’s departure. “The board and I would like to thank Jim Wynn for his important […]