TIDMGROC
RNS Number : 4803N
GreenRoc Mining PLC
01 June 2022
GreenRoc Mining Plc / EPIC: GROC / Market: AIM / Sector:
Mining
1 June 2022
GreenRoc Mining plc
("GreenRoc" or the "Company")
Board Update
Appointment of Chief Executive Officer
GreenRoc Mining plc (AIM: GROC), a company focused on the
development of critical mineral projects in Greenland, is delighted
to announce the appointment of Dr. Stefan Bernstein as Chief
Executive Officer ('CEO') and Director, with effect from 1 July
2022.
As a Danish geologist with over 30 years' experience in
Greenland's mining sector, Stefan Bernstein brings a very strong
knowledge and understanding of the country and its mineral wealth,
with his experience spanning both corporate and governmental
advisory roles.
Stefan Bernstein joins GreenRoc from GEUS, the Danish and
Greenlandic Geological Survey responsible for supporting the
sustainable exploitation of raw materials in Greenland, where since
2016 he was the Head of the Mapping and Mineral Resources
Department. In this capacity, he focused on developing Greenland's
known geology through integrated programmes in collaboration with
the Ministry of Mineral Resources in Greenland.
Before that, among other roles, he was Exploration Director, and
latterly CEO, of Avannaa Resources Ltd, a Greenland-focused mineral
exploration company which he co-founded in 2007 and which executed
over 25 exploration programmes, discovering the Karrat REE deposit
and the Disko Bay diamond province in West Greenland and securing
two joint venture agreements with major mining companies Anglo
American and Boliden. He has earlier been involved in other deposit
discoveries in Greenland, including the Platinova palladium-gold
Reef in the Skaergaard Intrusion, stratabound PGE mineralisation at
the Kap Edvard Holm Complex, and the Citronen Fjord Pb-Zn
deposit.
As CEO of GreenRoc, Stefan Bernstein will be responsible for
advancing the Company's strategic asset portfolio. Notably, this
includes the Amitsoq Graphite Project in southern Greenland
('Amitsoq'), one of the highest-grade graphite deposits in the
world, and the Thule Black Sands Ilmenite Project in north-west
Greenland ('TBS'), both of which the Company is focused on
advancing to development status this year.
Following this appointment, Mr. Lars Brünner, who has assumed
the role of Interim CEO, will return to his role as a Non-Executive
Director of the Company with effect from 1 July 2022.
GreenRoc's Non-Executive Chairman, George Frangeskides,
commented:
"I am delighted to welcome Stefan to the GreenRoc Board as our
CEO. With a comprehensive understanding of the country's geological
landscape, proven by his many discovery successes, and his
formidable knowledge of Greenland's mining sector, he is ideally
equipped to drive our company forward to the attainment of our goal
of achieving production from our flagship assets, Amitsoq and
TBS.
"Having attended the EIT Raw Materials Summit in Berlin this
past week, it is clearer than ever that Europe is taking very
seriously the need to secure the long-term supply to European
industry of critical minerals such as graphite and ilmenite, and to
do so from suppliers in or close to Europe that are subject to the
highest standards of transparency, regulation and environmental and
social governance. Greenland very much fits the bill in all those
aspects and, with Stefan at the helm, I look forward to deepening
our connections with these key international bodies as we move into
the search for suitable offtake partners for our assets."
Stefan Bernstein, GreenRoc's new CEO, commented:
"With a highly strategic portfolio of world-class assets in what
I know to be one of the most resource-rich and mining-friendly
countries in the world, GreenRoc's value is clear. I am excited to
join the team as we focus on propelling our project portfolio
towards development and further unlocking the inherent value of our
key assets, Amitsoq and TBS.
"At Amitsoq, activity will centre on the upcoming Phase 2
drilling campaign at the Amitsoq Island deposit which will build on
the maiden resource of 8.28 million tonnes (Mt) at 19.75% Cg. We
have great confidence in the potential for achieving a significant
upgrade in that resource given our recently expanded Exploration
Target of 5-15 Mt at a grade range of 18-22% Cg. Meanwhile, the
Environmental and Social Impact Assessment ('ESIA') work programmes
have commenced at TBS, the fulfilment of which is a fundamental
part of the mining licence application process.
"I join the Company at a very exciting point in its development
and am keen to get to work on making GreenRoc one of the next
producers of critical minerals."
The following information is disclosed about Dr. Stefan
Bernstein , aged 59, pursuant to Schedule Two paragraph (g) of the
AIM Rules for Companies:
Current Directorships / Partnerships:
Advisory Board, James Furman Kemp Memorial Fund, Dept. Earth and
Environmental Sciences, Columbia University, USA.
Bernstein Geoconsult CVR 37766291 (DK)
Previous Directorships / Partnerships held in the past 5
years:
N/A
Dr. Bernstein does not currently hold any ordinary shares in the
Company. There are no other disclosures required in relation to
Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for
Companies.
**ENDS**
For further information, please contact:
GreenRoc Mining Plc
Lars Brünner, Interim CEO +44 20 3950 0724
Cairn Financial Advisers LLP (Nomad)
James Caithie / Sandy Jamieson /
Louise O'Driscoll +44 20 7213 0880
ETX Capital (Broker)
Tom Curran / Thomas Smith +44 20 7392 1494
St Brides Partners Ltd (Financial
PR & IR) Susie Geliher / Oonagh Reidy
/ Charlotte Page +44 20 7236 1177
About GreenRoc
GreenRoc Mining Plc is an AIM-quoted company, which is
developing mining projects in Greenland in high-demand and
high-value critical minerals.
Led by a group of highly experienced mining industry
professionals with deep experience in the Greenland mining sector,
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 has the potential to host a
range of mineralisation styles, including iron
oxide-copper-gold.
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