Business
GROC Update: Amitsoq, Virtual Presentation and Q&A
GROC Update: Amitsoq, Virtual Presentation and Q&A.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n\nAlba Mineral Resources Plc / EPIC: ALBA / Market: AIM / Sector: Mining\n \n15 May 2023\nAlba Mineral Resources Plc\n(\"Alba\" or the \"Company\") \n \n \nGROC Update\nAmitsoq Update\nVirtual Presentation and Q&A\n \nAlba Mineral Resources Plc (AIM: ALBA) is pleased to note the RNS Reach today by its portfolio company, GreenRoc Mining Plc (\"GreenRoc\") that it has awarded the contract to undertake a formal Preliminary Economic Assessment (\"PEA\") for its Amitsoq Graphite Project to SLR Consulting Limited.\n \nIn addition, GreeenRoc has also announced that it has established a wholly owned Greenlandic registered subsidiary, Greenland Graphite a/s, to which the two graphite mineral exploration licences (2013-06 and 2022-03) currently owned by GreenRoc's subsidiary Obsidian Mining Ltd will be transferred, pending approval by the Greenland Government. Under Greenland's mining regulations, mining companies seeking to move to the exploitation phase of a project must be incorporated in Greenland and Greenland Graphite a/s has therefore been established for this purpose.\n \nThe GreenRoc announcement is set out below without material changes.\n \n \nGreenRoc Mining Plc / EPIC: GROC / Market: AIM / Sector: Mining \n \n15 May 2023 \nGreenRoc Mining plc \n(\"GreenRoc\" or the \"Company\")\n \nAmitsoq Update\nVirtual Presentation and Q&A\n \nGreenRoc Mining plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, is pleased to announce that it has awarded the contract to undertake a formal Preliminary Economic Assessment (\"PEA\") for its Amitsoq Graphite Project to SLR Consulting Limited (\"SLR\"), a long-established UK consultancy with considerable expertise in the field of mining and mineral processing, including in Greenland. SLR will commence work on the PEA in May 2023 and it is expected to be completed by September 2023. The completion of a PEA is an important step in the development of the Amitsoq Project towards commercial production.\n \nGreenRoc also today announces that it has established a wholly owned Greenlandic registered subsidiary, Greenland Graphite a/s, to which the two graphite mineral exploration licences (2013-06 and 2022-03) currently owned by GreenRoc's subsidiary Obsidian Mining Ltd will b...