GreenRoc aims to develop and fast-track its exciting portfolio of high-grade critical minerals projects in Greenland – including graphite, titanium and iron ore – into production.
GreenRoc has an abundance of minerals classed as vital for the global transition to net zero, including high grade graphite – a central component of EV batteries, solar panels and energy storage devices. Our aim is to leverage our deep management experience in Greenland and emerge as a key supplier of high demand critical minerals to dynamic European, North American and world markets.
The Amitsoq Graphite Project in southern Greenland has average graphite grades of 28.7% C (carbon), among the highest grades of any graphite project in the world. Our independent testwork on Amitsoq graphite has confirmed that it can be upgraded to high-purity spherical graphite (>99.95% C) for use in lithium-ion batteries and the electric vehicle (EV) sector.
In northern Greenland, GreenRoc has a cluster of three mining projects.
Thule Black Sands comprises high-grade mineral sands over a 10 km stretch of coastline, and has a resource which is already sufficient to sustain a 10-year mine life at a mining rate of 1.5 million tonnes per annum.
The iron ore at Melville Bay has been proven to be processable to a high-grade, 70% concentrate with low impurities.
Lastly, extensive historic exploration has reported the presence of cobalt, copper, gold, vanadium and nickel at the Inglefield Multi-Element Project, and the potential for Inglefield to host IOCG deposits.
Amitsoq Graphite, Greenland
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Mr Adams acts as a consultant to a Big Four accounting firm on mining and natural resource engagements throughout the world. His most recent operational role, between 2017 and 2018, was as CEO of Esrey Resources plc, which built a pilot metal recovery plant in Macedonia. Prior to that, between 2013 and 2017, he was CEO and General Manager of Stibium Mining Pty Ltd, a private Australian natural resource company focused on antimony and gold.
Mr Adams has worked extensively in an advisory capacity in emerging markets as well as advising governments on the adoption of mining-friendly legislative frameworks. He spent seven years in the Balkans, including five years as Director of Privatization for the Kosovo Trust Agency. He holds a BSc in Mining from Camborne School of Mines and an MBA from Cranfield School of Management
Mr Frangeskides has a broad range of experience gained from over 25 years in the mining, legal and corporate advisory sectors in Australia and the United Kingdom and an extensive network of contacts across the mining and investment sectors across the world.
Mr Frangeskides, who is also the Executive Chairman of Alba, initiated Alba’s move into Greenland in 2015 with the farm-in and acquisition of the Amitsoq Project. Subsequently, he led Alba’s strategy of adding other assets to its Greenland portfolio, firstly with the Thule Black Sands Project and then with Melville Bay and Inglefield.
Mr Wynn is an experienced finance professional and chartered accountant. He has held previous appointments on the boards of other resource companies including finance director of Avocet Mining Plc and CFO of Rainbow Rare Earths Ltd. He is currently CFO of Moxico Resources plc. Mr Wynn was also previously employed by Anglo American plc where he held a number of roles within the finance,
business development, and strategy departments of Anglo Industrial Minerals.
Mr Austin, who is Alba’s Chief Operating Officer and Senior Geologist, has significant management and operational experience in a career spanning four decades across a range of commodities. Mr Austin’s experience includes being a Non-Executive Director at Central Rand Gold (2016-2017), being Group Geologist and CEO of Kilimapesa Gold (Kenya) for Goldplat plc (2007-2013), being Vice President Exploration for Mano River Resources plc (2006-2007) and being Senior Exploration Geologist for
Placer Dome Exploration (Africa-Eurasia) Ltd (2005-2006).
Mr Austin was responsible for overseeing the detailed design and planning of the forthcoming drilling programmes at the Amitsoq and TBS Projects.
Mr Brünner (who will resign as a non-executive director of Alba on or prior to Admission), has been an Environmental Consultant for more than 30 years, during which time he has conducted Environmental
and Social Impact Assessments for a broad range of projects and developed a wide-ranging expertise in environmental matters. From 2014 until May 2020, he was the Arctic Mining and Environment, Business Development Leader for Golder Associates A/S (“Golder”), a leading international mining and environmental consultancy firm, and led the environmental field team at Golder which undertook the first-year environmental baseline studies at the TBS Project in 2018.
Mr Brünner brings with him an in-depth knowledge of Greenlandic law, culture, environment and language, having worked in Greenland for many years. He has established strong relationships with a range of key stakeholders in Greenland and offers invaluable support and advice to the Company’s technical team.
Mr Rachovides is President of the European Association of Mining Industries, Metal Ores & Industrial Minerals (“Euromines”), the recognised representative of the European Metals and Minerals Industry. Euromines’ main objective is to promote the industry and its relations with European institutions at all levels. He is also a Consultant to Dundee Precious Metals Inc.
Mr Rachovides has held numerous board positions in natural resources companies active in Europe and elsewhere over the last twenty years. He was formerly an Executive Director of European Goldfields Limited which was acquired by Eldorado Gold Corporation in 2012. Previously he was Vice President, Europe at Dundee Resources Limited after spending 11 years at the European Bank for Reconstruction and Development (EBRD).
GreenRoc’s wholly-owned Thule Black Sands (TBS) Project is a heavy mineral sands project located on the Steensby Land peninsular in north-west Greenland.
The Geological Survey of Denmark and Greenland, GEUS, has estimated that 10 billion tonnes of ilmenite exist in the original rock within the entire Thule region, with a further 7 billion tonnes of ilmenite present in the form of placer ilmenite.
An extensive surface drilling campaign in 2018 led to the declaration of a maiden Mineral Resource for Thule Black Sands.
Extensive follow-up drilling was completed in the summer of 2021, with the aim of substantially increasing and upgrading the existing Mineral Resource at TBS.
The Melville Bay Iron Project is located in north-west Greenland within 200 km of seasonally ice-free coastline some 1,500 km north of Nuuk and 130 km south of the nearest major settlement of Qaanaaq.
The Project hosts haematite and magnetite styles of mineralisation across numerous targets. The significant body of work completed to date, including extensive resource drilling and metallurgical test work, has confirmed the presence of significant iron ore deposits at Melville Bay and the ability to produce a saleable high-grade, low-impurity iron ore concentrate.
The Inglefield Multi-Element Project is located in north-west Greenland. Building on significant historic work by the Geological Survey of Denmark and Greenland, GEUS, and previous exploration companies, Work has confirmed the potential for the discovery of IOCG (iron ore-copper-gold) style deposits at Inglefield.
The Amitsoq Graphite Project is located in the Nanortalik region of southern Greenland, within GreenRoc’s wholly-owned Mineral Exploration Licence (“MEL”) 2013/06. Successive field seasons at Amitsoq have confirmed the presence of two high-grade flake graphite deposits on Amitsoq Island and at the new Kalaaq mainland discovery. With average grades of 28.7 and 25.6% TGC content respectively, Amitsoq and Kalaaq are two of the highest-graded graphite projects in the world.
A summer 2021 drill programme targeting a maiden Mineral Resource at Amitsoq has been completed. Following the assaying of the drill core, the independent Competent Person will make an assessment of the Mineral Resources.