Stefan Bernstein of GreenRoc Mining talks about the forthcoming field work programme at the Thule Black Sands Ilmenite Project

Stefan Bernstein CEO of GreenRoc Mining #GROC talks about the forthcoming summer/autumn field work programme at the Thule Black Sands Ilmenite Project with the objective of fast-tracking TBS to mine development.

Key Points

· Summer/autumn field work programme due to commence at TBS Q3 2022 with the objective of fast-tracking TBS to mine development

· Environmental Impact Assessment ("EIA") consultants, BioApp Greenland, to commence second year environmental baseline studies, providing the foundation for the development of an EIA

· Social Impact Assessment ("SIA") workshops to begin, managed by SIA consultants NIRAS A/S ('NIRAS')

· Assay results from the 249-hole 2021 drilling campaign at TBS are expected in early August

· It is hoped that the independent Competent Person's revised assessment of these drill results, which is expected to be completed by September, will support an enlarged Mineral Resource Estimate ("MRE") to build on the current Mineral Resource of 19Mt at 8.9% in-situ ilmenite

·  International mining consultancy, SLR Consulting, has been engaged to undertake preliminary studies on mining methods and processing plant options for both TBS and Amitsoq

· The planned drilling programme has commenced at Amitsoq. It is expected to take around 12 weeks, targeting an upgrade and increase of the current Maiden JORC Resource of 8.28Mt at 19.75% Graphitic Carbon ("C(g)")

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