RCS - GreenRoc Strateg PLC - Notice of Investor Presentation & Shareholder Q&A

GreenRoc Strategic MaterialsAnnouncement

21/10/2024 07:00

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RNS Number : 8560I  GreenRoc Strategic Materials Plc  21 October 2024

RNS Reach

 

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

 

21 October 2024

GreenRoc Strategic Materials Plc

("GreenRoc" or the "Company")

 

Notice of Investor Presentation and Shareholder Q&A

 

GreenRoc Strategic Materials plc (AIM: GROC), a company focused on the
development of critical mineral projects in Greenland, is pleased to announce
that Stefan Bernstein, Chief Executive Officer, will be recording an Investor
Presentation and Shareholder Q&A session.

The recording will be published on the Company's website and the London South
East investor platform at https://www.lse.co.uk/media/GROC/
(https://www.lse.co.uk/media/GROC/) on Monday 28 October 2024.

 

Shareholders are invited to submit questions to  Mr Bernstein by emailing
greenroc@stbridespartners.co.uk (mailto:greenroc@stbridespartners.co.uk) or
via this link: https://forms.office.com/e/dJQbLjk1Kv
(https://forms.office.com/e/dJQbLjk1Kv) . Please ensure all questions are
submitted by 4pm UK time on Thursday 24 October 2024.

 

**ENDS**

 

For further information, please contact:

 GreenRoc Strategic Materials plc                +44 20 3950 0724

 Stefan Bernstein, CEO

 Oberon (Broker)                                 +44 20 3179 5300

 Nick Lovering/Adam Pollock

 St Brides Partners Ltd (Financial PR & IR)      +44 20 7236 1177

  Charlotte Page / Paul Dulieu

 

About GreenRoc

GreenRoc Strategic Materials Plc is an AIM-quoted company, which is led by a
group of highly experienced mining industry professionals. The Company is
focused on fast-tracking the Amitsoq Graphite Project in Greenland into a
producing mine to meet critical demand from Electric Vehicle ('EV')
manufacturers in Europe and North America for new, high grade and
conflict-free sources of graphite.  Amitsoq  is 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, and significant
further upside beyond this. Test work has proven that Amitsoq graphite can be
readily upgraded to high-grade, anode-quality graphite, with higher than
99.95% purity and relatively little energy input, boding well for future
production costs and sustainability commitments.

 

A Preliminary Economic Assessment released on 31 October 2023 gives a post-tax
NPV8 for the Project of US$179M, an IRR of 26.7% and capex estimated at
US$131M (including a 25% contingency).  These figures solely relate to the
economics of a mining and primary processing operation in South Greenland and
do not take into account any potential upside from a downstream processing
operation, which GreenRoc intends to establish. A Feasibility Study into the
establishment of a graphite spheronisation processing plant (published in May
and July 2024) shows a post-tax NPV8 for the project of US$621M, an IRR of
26.5% and capex estimated at US$340M (including a 25% contingency).  The
Company has signed a Letter of Intent to secure an area for the Company's
future Active Anode Materials Plant in Southern Norway and has received
expressions of support from the European Raw Materials Alliance and the US
EXIM Bank for future development.

 

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

 

 

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