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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