GreenRoc Mining PLC Appointment of Contractors for EIA and SIA at TBS (0562H)
04 April 2022 - 4:00PM
UK Regulatory
TIDMGROC
RNS Number : 0562H
GreenRoc Mining PLC
04 April 2022
GreenRoc Mining Plc / EPIC: GROC / Market: AIM / Sector:
Mining
4 April 2022
GreenRoc Mining plc
("GreenRoc" or the "Company")
Appointment of Contractors for EIA and SIA
at Thule Black Sands Ilmenite Project, Greenland
GreenRoc Mining plc (AIM: GROC), a company focused on the
development of critical mineral projects in Greenland, is pleased
to announce that it has appointed two highly experienced
independent consulting firms to undertake an Environmental Impact
Assessment ('EIA') and a Social Impact Assessment ('SIA') at its
Thule Black Sands Ilmenite Project in north-west Greenland ('TBS'
or the 'Project').
BioApp Greenland, a Danish/Greenlandic-based contractor and
environmental expert with extensive operational experience in
Greenland, will be responsible for completing an EIA in compliance
with the requirements of the Greenlandic authorities. An EIA is an
environmental decision support tool to the authorities who issue
licences for mining development projects. The EIA provides
information on the possible impacts of mining development projects
on the environment and proposes actions to mitigate impacts as far
as practicable.
NIRAS A/S ('NIRAS'), a Danish/Greenlandic multi-disciplinary
engineering consultancy, has been appointed to undertake the SIA.
With extensive expertise and operational experience in Greenland,
NIRAS is familiar with the requirements of Greenlandic laws,
frameworks and guidelines for the SIA. The objective of the SIA is
to ensure that a mining development maximises its benefits and
minimises its potential negative impacts on society and local
communities.
A JORC resource capable of supporting a mining operation, along
with the formal approval of an EIA and an SIA, are the necessary
precursors to an application for a Mining Licence in Greenland. TBS
currently benefits from a maiden Mineral Resource of 19Mt with an
in-situ ilmenite grade of 8.9% and awaits the assessment by mineral
sands experts IHC Mining of the 249-hole follow-up drilling
programme undertaken in the summer of 2021. These three
undertakings will be the key building blocks in fast tracking TBS
in the mine development process.
GreenRoc's CEO, Kirk Adams, commented:
" The appointment of Denmark's BioApp and NIRAS groups marks a
key development in the permitting application for our Thule Black
Sands Ilmenite Project. With extensive knowledge and experience of
Greenland's environmental and social landscapes and operating
requirements, BioApp and NIRAS are ideally placed to manage the EIA
and SIA work, which will in turn form a key part of our Mining
Licence application for TBS.
"These appointments are evidence of our confidence in the
significant potential of TBS and of our clear aim to fast track the
Project's development as swiftly as possible. Having already
defined a sizeable resource of 19Mt @ 43.6% THM, we are on track to
expand this further and to build resource confidence through the
results of our 2021 drill programme, which are due in the coming
weeks.
"We are confident that these results will firmly establish TBS
as a major new ilmenite source, at a time when global demand
continues to outstrip supply."
For further information, please contact:
GreenRoc Mining Plc
Kirk Adams, CEO +44 20 3950 0724
Cairn Financial Advisers LLP (Nomad)
James Caithie / Sandy Jamieson +44 20 7213 0880
-----------------
ETX Capital (Broker)
Tom Curran / Thomas Smith +44 20 7392 1494
-----------------
St Brides Partners Ltd (Financial
PR & IR) Susie Geliher / Charlotte
Page/ Oonagh Reidy +44 20 7236 1177
-----------------
About GreenRoc
GreenRoc Mining Plc is an AIM-quoted company, which is
developing mining projects in Greenland in critical, high-demand
and high-value minerals.
Led by a group of highly experienced mining industry
professionals, GreenRoc has a portfolio of 100% owned projects:
-- Amitsoq Graphite, one of the highest-grade graphite deposits
in the world with a combined Indicated and Inferred JORC Resource
of 8.28 million tonnes (Mt) at an average grade of 19.75% giving a
total graphite content of 1.63 Mt
-- Thule Black Sands Ilmenite ('TBS'), which has an initial
Mineral Resource of 19Mt@ 43.6% Total Heavy Minerals with an
in-situ ilmenite grade of 8.9%
-- Melville Bay Iron, which has a Mineral Resource Estimate of
67Mt at 31.4% iron and has been proven to be processable to a
high-grade, 70% concentrate with low impurities
-- Inglefield Multi-Element , which is located in the same
region in north-west Greenland as the Thule Black Sands and
Melville Bay Iron projects and has the potential to host a range of
mineralisation styles, from copper-zinc volcanogenic massive
sulphide, porphyry copper and iron oxide-copper-gold deposits.
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