Business
GROC Update - Full Year Results
GROC Update - Full Year Results.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n \n \n Alba Mineral Resources Plc / EPIC: ALBA / Market: AIM / Sector: Mining\n \n \n 24 March 2023\n \n \n \n Alba Mineral Resources Plc\n \n \n \n (\"Alba\" or the \"Company\") \n \n \n \n GROC Update\n \n \n \n \n 2022 Full Year Results & Publication of Annual Report\n \n \n \n Alba Mineral Resources Plc (AIM: ALBA) is pleased to note the RNS today by its portfolio company, GreenRoc Mining Plc (\"GreenRoc\") (AIM: GROC), announcing its audited results for the year ended 30 November 2022.\n \n \n The GreenRoc announcement is set out below without material changes.\n \n \n \n \n \n GreenRoc Mining Plc / EPIC: GROC / Market: AIM / Sector: Mining\n \n \n 24 March 2023\n \n \n \n GreenRoc Mining plc\n \n \n \n (\"GreenRoc\" or the \"Company\")\n \n \n \n 2022 Full Year Results and Publication of Annual Report\n \n \n \n GreenRoc Mining plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, today announces its audited results for the year ended 30 November 2022.\n \n \n The Financial Statements (including notes) and the statements of the Chairman and CEO, set out below, have been extracted from GreenRoc's Annual Report, which was approved by the Board on 23 March 2023 and will be sent to shareholders and made available on the Company's website (\n \n www.greenrocmining.com\n \n ).\n \n \n \n Highlights:\n \n \n \n ·\n Maiden Mineral Resource Estimate (\"MRE\") of 8.28Mt at 19.75% graphitic carbon (\"C(g)\") declared for the Amitsoq Project in March 2022\n \n \n ·\n Second phase drilling programme at Amitsoq Project completed in September 2022, with:\n \n \n o \n 19 holes drilled for a total of 2,844m, every hole intersecting significant graphite layers\n \n \n o \n Drilling more than doubling the deposit footprint and returning exceptionally high grades\n \n \n ·\n MRE increased post period end to 23.05 Mt at a grade of 20.41% C(g) for 4.71 Mt contained graphite\n \n \n o \n An increase of nearly three times the maiden MRE\n \n \n ·\n Stefan Bernstein appointed as CEO in July 2022\n \n \n \n \n \n \n Post year end highlights:\n \n \n \n ·\n Raised £333k in December 2022 and £550k in March 2023 to fund additional testing and work programmes arising from the highly successful second phase drilling programme\n \n \n ·\n European Raw Materials Alliance declared ...