GreenRoc Mining announced its Preliminary Economic Assessment (“PEA”) for their graphite mine at Amitsoq in Southern Greenland.
A PEA is an independent assessment of the economic viability of a mine project and Stefan Bernstein, CEO of GreenRoc Mining, tells investors about the ‘robust’ economics of the project and his interpretation of the strong results from the analysis including Pre and Post-tax NPV, capex, life of mine and IRR estimates of the project.
Following these PEA results, GreenRoc has the potential to become a world class graphite mine and a globally significant producer of graphite concentrate.
With China set to put limits on its Graphite exports from the end of this year, European car and battery makers are on the lookout for alternative suppliers of high quality graphite to ease the pressure. Stefan talks about GreenRoc’s aim to help with the supply chain once the mine enters production.
Source: the armchair trader