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GreenRoc Mining PLC - London-based miner focused mineral projects in Greenland - In the first half ended May 31, records no revenue as pretax loss widens to £483,000 from £305,000 in the period from March 17 to November 30, 2021. Says drilling programme is underway at Amitsoq Island targeting a ‘significant increase’ in JORC Resource. Expects revised resource assessment for Thule Black Sands in the coming weeks. Current JORC estimate for TBS stands at 19 million tonnes at 8.9% in-situ ilmenite.
‘GreenRoc was admitted to AIM just less than a year ago with the objective of becoming a key supplier of critical, high-demand, high-value minerals and I believe the Company has made great strides towards this goal. Amitsoq has not only been established as one of the highest-grade graphite deposits globally, but also a project with extensive resource potential, as indicated by the recently enlarged Exploration Targets,’ says Chief Executive Officer Stefan Bernstein.
Current stock price: 4.89 pence, up 0.9% in London on Wednesday
12-month change: down 51% from September 2021 IPO price of 10p
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