GreenRoc Mining Plc / EPIC: GROC / Market: AIM / Sector: Mining

11 October 2023

GreenRoc Mining Plc

("GreenRoc" or the "Company")

Board Changes

GreenRoc Mining Plc (AIM: GROC), a company focused on the development of critical mineral projects in Greenland, announces the appointment of Andrew Panteli as Non-Executive Director of the Company. Mr Panteli will serve as an independent director.

Mr Panteli has over 25 years' experience within the alternative investments industry and has been involved with a variety of related roles including investment management, research, risk, operations, structuring, allocating capital, due diligence, business development and management.

The Company also announces that Jim Wynn is stepping down as Finance Director to focus on his other existing management positions.  

Management Changes

In addition to the aforementioned changes, the Board of GreenRoc has appointed Ben Proffitt of Silvertree Partners LLP to its senior management team to oversee the finance function following Mr Wynn's departure.

Chairman George Frangeskides said:

"I am delighted that Andrew has agreed to join the Board of GreenRoc as a Non-Executive Director.  He brings with him a wealth of experience in the financial and investment markets. His business acumen will be a great help to us as we progress the Amitsoq project through to development.

"The Board and I would like to thank Jim Wynn for his important contribution since GreenRoc's admission to AIM in 2021 and to wish him every success in his future endeavours."

Regulatory Disclosures:

The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies in relation to Mr. Panteli, aged 58:

Mr. Panteli does not hold any shares in GreenRoc.

There is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM rules.

**ENDS**

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

For further information, please contact:

About GreenRoc

GreenRoc Mining Plc is an AIM-quoted company, which is developing mining projects in Greenland in high-demand and high-value critical minerals.

Led by a group of highly experienced mining industry professionals, GreenRoc has a portfolio of 100% owned projects all of which have defined Resources:  

·    Amitsoq Graphite Project, one of the highest-grade graphite deposits in the world with a combined Measured, Indicated and Inferred JORC Resource of 23.05 million tonnes (Mt) at an average grade of 20.41% graphite, giving a total graphite content of 4.71 Mt;  

·    Thule Black Sands Ilmenite Project ('TBS'), which has an initial Mineral Resource of 19Mt at 43.6% Total Heavy Minerals with an in-situ ilmenite grade of 8.9%; and  

·    Melville Bay Iron Project, which has a Mineral Resource Estimate of 67Mt at 31.4% iron and has been proven to be processable to a high-grade, 70% concentrate with low impurities.