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Alba has a 42.97% shareholding in GreenRoc Mining Plc, which owns three critical minerals projects in Greenland. All of GreenRoc’s assets were acquired from Alba on GreenRoc’s IPO in September 2021.
GreenRoc owns and operates a portfolio of high-grade mining projects in the mining-supportive jurisdiction of Greenland, which includes: Thule Black Sands Ilmenite Project, Amitsoq Graphite Project and Melville Bay Iron Project.
GreenRoc’s portfolio has a particular focus on graphite and titanium, which have been designated as critical minerals by the EU and USA. The demand for graphite is forecasted to increase by 2,500%, driven by its use in the fast-growing EV sector.
GreenRoc’s strategy is focused on fast-tracking exploration to significantly add to the inherent value of its assets and move towards development, with a particular focus on its two priority assets: the Amitsoq Graphite Project and the Thule Black Sands Ilmenite Project.
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Here’s a brief video commentary from the Alba Chairman regarding our Clogau RNS Update of yesterday:
via @YouTube
#gold #ClogauGoldMine #Welshgold
Progress at Clogau #Gold Mine: We are busy getting on with emergency abstraction while we wait for the revised permits to come through in line with constructive discussions with the NRW to allow us to pump at higher rates.
We have completed installing a cabin structure on the Llechfraith Adit level, this being the final bat exclusion and noise mitigation measure in advance of the carrying out of exploration activities at Level 4, following completion of the dewatering: https://otp.tools.investis.com/clients/uk/alba_mineral_resources_plc/rns/regulatory-story.aspx?cid=2639&newsid=1715766
In this short video, COO Mark Austin takes us through the latest completed works at the Clogau Gold Mine, in preparation for our exploration of the Lower Llechfraith gold target, a significant unit some 122m in depth extent:
#Clogau #Gold #WelshGold
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