GreenRoc Mining PLC on Monday said it was given the green light from the Greenland government to expand its Amitsoq graphite project.
The UK and Greenland-focused mineral explorer said the additional area lies immediately to the west of the existing licence MEL 2013-06 which contains the Amitsoq deposit.
Before the licence extension, MEL 2013-06 covered an area of 48 square kilometres and, with the licence expansion, has now increased to 72.52.
The licence application was submitted to the Greenlandic Mineral Resource Administration on July 3.
Chief Executive Officer Stefan Bernstein said: ‘We are pleased to have been successful in enlarging this Mineral Exploration Licence as it secures access to an area that will become important when we develop infrastructure around the mining operation at Amitsoq. Also, the additional area is prospective for high-grade graphite deposits similar to those we are targeting at Amitsoq.’
Alba Resources, a Northern Europe-focused mineral explorer which has a 43% shareholding in GreenRoc noted its announcement on Monday.
Additionally, Alba reported that the emergency abstraction at its Clogau gold mine in Wales is ongoing and noted that Lower Llechfraith remains fully dewatered down to level 3 to protect the safety and access works recently installed there.
Last month, Alba said it had implemented emergency abstraction measures within the reflooded Lower Llechfraith workings at Clogau in order to safeguard the safety and access works installed there.
Alba added it will undertake acoustic test blasting and sampling at Clogau to ‘ensure that future exploration activities are within agreed noise levels’.
Shares in GreenRoc were up 9.9% at 3.90 pence each in London on Monday afternoon, while Alba shares grew 4.0% to 0.088 pence each.
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