GreenRoc Strategic Materials (LSE:GROC) has reported preliminary results from Phase III drilling at its Amitsoq graphite project in South Greenland, extending known graphite mineralisation approximately 100 to 150 metres north of previous resource drilling.
The company said the drilling confirmed continuity of the Lower Graphite Layer in the newly tested area and could support an expansion of the project’s existing resource base. The results are preliminary, and no updated resource estimate was provided in the supplied announcement.
The Phase III programme is also collecting geological, geotechnical and hydrogeological information for future project studies. This work includes the installation of groundwater monitoring equipment.
GreenRoc plans to use data from the programme in a prefeasibility study and mine design work, which it expects to begin by the end of 2026.
Separately, European Commission President Ursula von der Leyen highlighted Amitsoq as a critical raw materials project within a €200 million EU-Greenland Global Gateway Partnership package covering areas including hydropower and critical raw materials.
Amitsoq has been designated an EU Strategic Project under the Critical Raw Materials Act. The European Union is also financing advisory services for the project through the European Investment Bank.
GreenRoc said management plans to engage with investors and industry participants at upcoming European battery and innovation finance conferences.
More about GreenRoc Strategic Materials Plc
GreenRoc Strategic Materials Plc is an AIM-listed mining company focused on developing critical mineral projects in Greenland.
Its principal project is the Amitsoq graphite project in South Greenland. The company is seeking to develop graphite production for markets including European battery and electrification supply chains.
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